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President Trump's steel tariff could cost Ford and General Motors billion a year.That's the hit each company could take if the tariff translates into a similar increase in steel prices, according to a Goldman Sachs analysis. Trump has proposed a 25% tariff on imported steel, along with a 10% tariff on aluminum. billion represents 12% of Ford's profit last year and 7% of GM's, the analysis said.The report looked at Ford and GM's 2017 production mix to make its calculation.Ford said in a statement that the tariffs "could result in an increase in domestic commodity prices — harming the competitiveness of American manufacturers." GM said it supports trade policies "that enable U.S. manufacturers to win and grow jobs in the U.S."Both automakers say they use mostly American-made steel for vehicles they make in the United States.Trump argues that the tariffs will bolster US production of steel and aluminum and combat unfair trade practices. But businesses outside the steel and aluminum industries have warned that the tariffs will lead to higher prices and hurt the economy.The American International Automobile Dealers Association, which was formed to advocate free trade, said car prices could go up "substantially." The group also warned that retaliatory tariffs from other countries could drive up the price of US goods in general. 1366

President Donald Trump used the United Nations as a foil on the campaign trail in 2016, slamming it for its "utter weakness and incompetence" and arguing that it is "not a friend of freedom."His history with the international body on Manhattan's East Side doesn't start there -- as a real estate creature of New York, Trump has long interacted with the UN.On his first day attending the UN's yearly meeting, Trump tried to play nice. But it's clear that his skepticism for the organization remains. 506

Prior to the shooting at a country music festival in Las Vegas, the term “bump stock” wasn’t a familiar one to most people. Even among gun owners, the devices weren’t big sellers.A bump stock allowed the gunman in the Las Vegas shooting to make a semi-automatic rifle function more like a fully-automatic one by bumping the trigger so that it had a quicker fire.Following the shooting, there was rare bipartisan support to get rid of them. Despite the support, Congress never took action and many blamed the National Rifle Association.However, reports now indicate that the Trump administration will soon outline a federal rule that would officially ban the devices.“I would call it the bare minimum of steps, says Elizabeth Becker, a volunteer with the gun advocacy group Moms Demand Action in Las Vegas.“We do want to see bump stocks regulated, seeing as they create machine guns out of semi-automatic weapons, but there is a lot more to do on this issue.”Becker says she believes more substantive changes to gun laws are coming, thanks to the new Democrats recently elected to the House.But not all gun owners are on board with the proposal."If you're a law-abiding citizen in America and you have a clean record, you should be able to own anything you want," says Mel “Dragon Man” Bernstein, owner of Dragonman gun store in Colorado Springs.Reports indicate the new rule would force owners to turn in or destroy bump stocks within 90 days. 1466

Rabbits are multiplying in the childrens' book section.Comedian John Oliver is provoking Mike Pence with a parody book about the vice president's pet bunny to coincide with the Pence family's release of a new children's book."Marlon Bundo's A Day in the Life of the Vice President" was written by the vice president's daughter, Charlotte Pence, and illustrated by second lady Karen Pence, a watercolor artist. The book, which is out Monday, "gives young readers a bunny's-eye view of the special duties of the vice president," per its publisher.Not to be out-bunned, HBO's "Last Week Tonight" released its own version, "Last Week Tonight with John Oliver Presents a Day in the Life of Marlon Bundo."The late-night comedy news program's book "tells the story of Vice President Mike Pence's famed pet rabbit's same-sex wedding," per its publisher."I live with my Mom, Grandma, and Grampa in an old, stuffy house on the grounds of the U.S. Naval Observatory. That's because my Grampa is the vice president. His name is Mike Pence. But this story isn't going to be about him because he isn't very fun. This story is about me, because I'm very, very fun," an excerpt of the spoof Bundo book reads alongside a watercolor picture of the rabbit, clad in a multicolor bow tie, hula-hooping on the grounds of the vice president's residence.Pence was criticized during his time as Indiana governor for his positions on issues important to the LGBTQ community, including signing a religious freedom bill into law in 2015.A spokesperson for Regnery Publishing, which issued the Pences' book, called the parody "unfortunate.""It's unfortunate that anyone would feel the need to ridicule an educational children's book and turn it into something controversial and partisan. Our and Mrs. and Charlotte Pence's goal is -- and will continue to be -- to educate young readers about the important role of the vice president, as well as to highlight the charities to which portions of the book proceeds will be donated," the spokesperson said in a statement.The proceeds of "A Day in the Life of Marlon Bundo" will be donated to The Trevor Project and AIDS United, while the Pences will donate a portion their proceeds to A21, a nonprofit focused on combating human trafficking, and an art therapy program at Riley Hospital for Children.The parody version of the book was the No.1 bestseller on?Amazon.com Monday morning. The Pence version ranked 15th. 2464

President Donald Trump was aware of his personal attorney Michael Cohen's hush money payment to porn star Stormy Daniels when he denied knowing anything about it last month, The New York Times reported Friday, citing two people familiar with the arrangement.Cohen paid Daniels 0,000 ahead of the 2016 presidential election for her discretion on an alleged sexual encounter she and Trump had more than a decade ago. Cohen has admitted to paying Daniels using money from his own pocket.Daniels filed a lawsuit over the nondisclosure agreement, claiming it was void because Trump never signed it himself. The lawsuit has since spiraled and has left Cohen in a potential legal predicament over whether the payment was an illegal in-kind campaign contribution.Trump had denied knowing about the agreement when he spoke to reporters on Air Force One in April. However, Trump lawyer Rudy Giuliani drew that claim into question when he said earlier this week that Trump had paid Cohen back. Trump then denied that any campaign money had been used to reimburse Cohen and said he was paid via retainer. 1103