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President Donald Trump's tariffs were supposed to shrink America's trade deficit, but it has instead grown for five straight months and is on track to hit a record high before the end of the year.The monthly goods deficit grew by billion in October, according to a US Census report released Wednesday.The Census report is one of the first measures of trade released since Trump imposed his biggest round of tariffs in September on 0 billion of Chinese goods. It put a 10% tax on goods ranging from luggage to bikes and baseball gloves. Trump has threatened to increase the rate to 25% on January 1.The duties make it more expensive for US importers to buy those items, but Americans bought more goods from abroad in October than they did the month before. The figure may reflect stockpiling by American importers ahead of an additional hike in tariffs set to take effect in January, as well as strong consumer spending."There is some anecdotal evidence that US importers are likely pulling forward orders to get ahead of additional tariffs on Chinese goods, which could be one of the factors driving imports higher in recent months," said Pooja Sriram, an economist at Barclays.Last year's federal tax cuts have also put more money back into Americans' pockets, lifting demand for imports even if they're more expensive."We believe that domestic demand is likely to be sufficiently robust so as to keep imports elevated even after any additional tariffs," Sriram said.Additional data due out next week on trade of both goods and services is expected to show a 10-year high in the overall trade deficit, said Ian Shepherdson, chief economist at Pantheon Macroeconomics.That's the opposite of what Trump wants to achieve.The president has pledged to reduce America's trade deficit by pursuing new trade agreements with countries he argues are engaging in unfair trade policies, especially China. He's put tariffs on 0 billion of Chinese-made goods this year in an effort to make US-made products more attractive to consumers."It's been such a terrible one-way street with China," Trump told the Wall Street Journal in an interview Monday.Trump and Chinese President Xi Jinping are set to meet Saturday evening for a formal dinner on the sidelines of the G20 meeting in Argentina. It is their only scheduled meeting before the end of the year.White House economic adviser Larry Kudlow on Tuesday dangled the possibility?of a "breakthrough" at the dinner. But Trump escalated tensions earlier in the week, when he repeated a threat to put tariffs on the remaining Chinese goods if a deal can't be reached.The Trump administration argues that China is engaging in unfair trade practices, including intellectual property theft and forced technology transfers. But the Chinese say Trump's unilateral tariffs are bullying.American businesses and lawmakers on both sides of the aisle agree that the China trade issues should be addressed — but not everyone believes that tariffs are the right way. Some manufacturers and retailers say the duties could lead to job losses and higher prices for consumers."It would be hard to argue that (China) has behaved fairly in its trade practices," said Florida Democratic Rep. Stephanie Murphy this week at an S&P Global event in New York."But I think doing it in a multilateral way would have been a better approach," she said.Trump has also imposed tariffs on foreign steel and aluminum this year, in the interest of national security. US steel producers have welcomed the taxes, as they've seen prices for their own products go up. Steel Dynamics, an American producer, announced this week that they would be building a new steel mill in the southwest region of the country, creating 600 new jobs."Steel jobs are coming back to America, just like I predicted," Trump tweeted Wednesday.But American manufacturers that use steel, including automakers, have argued that the tariffs have made the cost of domestic production more expensive. 4055
RANCHO CUCAMONGA, Calif. (KGTV) -- The ex-husband of former Army veteran Julia Jacobson pleaded guilty Monday to a 2nd-degree murder charge.Dalen Ware will be sentenced October 15 and faces 15 years to life in prison.Jacobson disappeared over Labor Day weekend in 2017 and is believed to have been murdered along with her dog, Boogie.RELATED: Human remains found in shallow grave during search for missing San Diego woman Jacobson’s car was later discovered abandoned near her home in University Heights.In December of 2017, Ontario Police discovered the remains of a woman and a dog in a shallow grave along Interstate 10.Jacobson's family posted a message on a public Facebook page following the news: 733
President Trump, wearing a mask, rides by his supporters outside Walter Reed while in the back of a Suburban. pic.twitter.com/nsCJyYXHdK— Kaitlan Collins (@kaitlancollins) October 4, 2020 195
Prince Andrew's legal team has told CNN that they will not comment on the arrest of Ghislaine Maxwell, a day after an acting U.S. Attorney urged him to come forward with information about the case.On Thursday, Maxwell was charged with four counts relating to her alleged involvement in recruiting and trafficking underage girls for Epstein and two counts of perjury. Epstein himself was arrested and charged with trafficking in 2019, but weeks later was found dead in his jail cell.In announcing the charges against Maxwell on Thursday, Audrey Strauss — the acting U.S. attorney for the Southern District of New York — urged anyone with information about the case to come forward, particularly Prince Andrew."We would welcome Prince Andrew coming in to talk with us. We would like to have the benefit of his statement," Strauss said in response to a question about Prince Andrew's involvement in the case.Prince Andrew was a known associate of Epstein and even stayed at his New York apartment in 2010 — two years after Epstein pleaded guilty to sex crimes. Prince Andrew also appears in a photograph with Maxwell and a girl who has since claimed Prince Andrew and Epstein abused her.The Duke of York has strongly denied any wrongdoing in his connection to the case.Sources also told CNN that Prince Andrew's legal team says it's "bewildered" and claimed the team has communicated with the Justice Department twice in the last month. Prince Andrew's representatives claim they never received a response from the Justice Department.British Prime Minister Boris Johnson also refused to comment on the matter Friday, saying he cannot be expected to comment on matters relating to the Royal Family."It's just not the tradition; it's not what we do," Johnson said. 1767
RAMONA, Calif. (KGTV) — Two people were killed and a third person was seriously hurt in a head-on collision in Ramona on Wednesday.CHP said at about 12:15 p.m., a 56-year-old woman was driving a 2016 Ford Focus northbound on Mussey Grade Road, south of Mahogany Ranch Rd., at a high rate of speed. At the same time, an unidentified woman was driving a 2017 Subaru Impreza southbound on the same road.For reasons that are unclear, CHP said the driver of the Focus lost control of her vehicle and veered into the opposite lane, colliding head-on with the Impreza.The driver of the Focus and a male passenger in the Impreza died at the scene, CHP said. The driver of the Subaru was taken to Palomar Medical Center with major injuries.CHP says they believe both occupants in the Subaru were wearing a seat belt, but the driver of the Ford was not at the time of the crash.It's unclear whether alcohol or drugs played a factor in the crash. 943