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President Donald Trump is traveling to Louisiana and Texas Saturday to survey the damage after Hurricane Laura.The visit comes two days after he accepted his party’s nomination for a second term.A White House spokesman says Trump is traveling Saturday “to be with those who have been impacted by Hurricane Laura.”He is expected to survey storm damage and receive briefings on emergency operations and ongoing relief efforts.The Category 4 storm slammed the Gulf Coast, leaving at least 14 dead and wreaking havoc with severe winds and flooding. 552
President Donald Trump said Tuesday that his promised tariffs on steel and aluminum imports -- 25% on steel, 10% on aluminum -- would be applied in a "very loving way."But at least a few states might not be feeling it.Despite Trump's adverting the tariffs as a worker protection, many businesses in states that carried him in the election, including manufacturers in the Rust Belt region, rely heavily on steel and aluminum imports, according to a new report from the Brookings Institution. Brookings analyzed how reliant states are on aluminum and steel imports as a share of total state imports.Louisiana, one of the largest importers, relies on steel and aluminum imports to support its oil and gas industries. Already, Royal Dutch Shell has said a tariff could affect its decision to develop a planned Gulf of Mexico project.Wisconsin Republican Gov. Scott Walker warned the tariffs could hurt the state's canning and beer industries.Ohio has about 11,400 workers directly employed in steel and aluminum production but 410,300 in industries that use steel and aluminum, according to Crain's Cleveland. States with these kinds of imbalances could experience greater secondhand effects than they do in benefits.According to the Brookings report, four Rust Belt states -- Michigan, Ohio, Indiana and Pennsylvania -- receive 20% of the nation's total steel and aluminum imports, much of it going to Michigan's automotive and metalworking clusters. Several automotive stocks were down 2% or more after Trump's initial announcement.The Rust Belt also relies heavily on NAFTA-enabled trade with Canada and Mexico, which could be jeopardized in a trade war. Nearly 70% of US exports to Canada and Mexico are from the Rust Belt, according to Brookings.Kentucky and South Carolina, which are also home to auto manufacturing plants, are at risk from the tariffs. It could also have broader employment effects in states like South Carolina, where imports arrive. One in every 11 jobs in South Carolina depends on the state's four seaports --187,000 jobs, according to a report by CNN Money's Patrick Gillespie.The tariffs could also have broader impacts in blue states that ultimately affect one issue the President has sworn to protect: defense. Defense subcontractors in Connecticut that supply to larger defense contractors like Boeing or Lockheed Martin rely heavily on imported steel and aluminum and are at risk of having their raw material costs increase.A US Department of Commerce investigation determined that in 2017, imports of steel and aluminum goods totaled nearly billion, or about 2 percent of total US imports. Steel imports accounted for about 60% of the billion, at billion. Aluminum imports made up billion. 2750
President Donald Trump announced on Twitter Tuesday night that the stimulus bill passed by an overwhelming majority of Congress on Monday was not suitable, and he called on Congress to dramatically increase the amount of direct aid to individuals. At the same time the 0 billion stimulus bill was passed, Congress approved a broader government funding package that operates the government. Trump cited funds used for foreign aid and for other government-funded programs as reasons he will not support the stimulus bill. The bill passed by Congress on Monday includes 0 direct payments for Americans making less than ,000 per year. Trump called on Congress to increase the amount of direct payments to ,000 per person. "I am also asking Congress to immediately get rid of the wasteful and unnecessary items from this legislation," Trump said, "and to send me a suitable bill or else the next administration will have to deliver a COVID relief package and maybe that administration will be me." Trump lost last month's presidential election, and President-elect Joe Biden will be sworn in on January 20. The bill passed with a veto-proof majority in Congress. Trump has not officially vetoed the bill yet, and Congress will have to wait for Trump to veto it before voting to override the veto. But because there is a new Congress being sworn in on January 3, the House and Senate would have to override the veto by then, or else start the process all over again. Trump has 10 days from Monday to veto the bill before it is enacted. Some on both sides of the aisle have called on increasing the amount of direct payments. "What we needed was a major, major response to tell the working families of this country, who are struggling to keep their families in place, we hear their pain and we are responding," Sen. Bernie Sanders said. "Now this bill to be honest has a lot of important stuff in it, we worked hard on it, I worked with (Republican Missouri Sen. Josh) Hawley to make sure there would be direct payments. I wanted 1200 bucks, we ended up with 0, which for a family of four, the average family of four would be ,400. Will that help? Yes, it will. Is it enough? No, it is not."Hawley proposed a standalone bill last week that would have provided ,200 payments, but he went through a procedural motion that would have needed unanimous consent from senators. House Speaker Nancy Pelosi hinted she is open to increasing the direct payments. "Republicans repeatedly refused to say what amount the President wanted for direct checks," Pelosi tweeted. "At last, the President has agreed to ,000 — Democrats are ready to bring this to the Floor this week by unanimous consent. Let’s do it!"Senate Minority Leader Chuck Schumer similarly took aim at the president on Twitter. "We spent months trying to secure ,000 checks but Republicans blocked it," Schumer tweeted. "Trump needs to sign the bill to help people and keep the government open and we're glad to pass more aid Americans need. Maybe Trump can finally make himself useful and get Republicans not to block it again"A group of progressive senators, led by Sens. Ed Markey, Bernie Sanders and Kamala Harris weighed ,000 per month payments to Americans amid the pandemic. That plan ultimately went no where. Until last week, direct payments were not part of the stimulus plan. Several weeks ago, Treasury Secretary Steven Mnuchin said direct payments were "dead," and was focused on getting funds for the Paycheck Protection Program and enhanced unemployment passed.At nearly the same time Trump released the video on Twitter, he issued 20 pardons and sentence commutations, several of which were for Republican allies of his who pleaded guilty to various federal crimes. 3760
President Donald Trump on Friday morning defended his tariffs against China despite market concerns, at one point saying, "we've already lost the trade war."The President took to Twitter and a radio interview to make his case after he threatened tariffs on 0 billion more in Chinese goods."We've already lost the trade war. We don't have a trade war. We've already lost," Trump told WABC radio, noting the US trade deficit with China and the country's theft of US intellectual property. 497
President Donald Trump lashed out at the FBI late Saturday, describing its failure to follow up on a tip about Florida school shooter Nikolas Cruz as "very sad."The FBI has said it failed to act on information about Cruz, who massacred 17 people Wednesday at his former high school in Parkland.The shooting reignited demands for tougher gun laws, with student survivors gathering in Fort Lauderdale on Saturday to criticize Trump and other lawmakers for their inaction. 483