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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
Rapper T.I. was arrested early Wednesday in Henry County, Georgia, outside Atlanta, according to authorities.The musician, whose legal name is Clifford Harris Jr., was arrested outside the gated community where he resides.The Henry County Sheriff's Office said T.I. was cited on misdemeanor charges of simple assault, disorderly conduct and public drunkenness after an alleged incident about 4 a.m. in Stockbridge, south of Atlanta.According to The Atlanta Journal-Constitution, T.I. did not have his key and argued with a guard, who refused to let him in.He has since posted bond.In a statement provided to CNN, attorney Steve Sadow said T.I. was "wrongfully arrested early this morning when he attempted to gain entrance into his gated community -- where his wife 'Tiny' and his family reside.""The guard was sound asleep when Tip arrived at the guardhouse," Sadow said, using the rapper's nickname. "It took Tip some time to wake up the sleeping guard."Sadow said the rapper identified himself, was refused entry and then called his wife, singer Tameka "Tiny" Harris, who confirmed his identity."The guard continued to refuse entry without justification," the lawyer's statement said. "Words were exchanged and apparently the guard and/or a supervisor called the police. When the police arrived, they were not interested in hearing Tip's side of the story and wrongfully chose to end the situation by arresting Tip."It's not the first time T.I. has run afoul of authorities.In 2009, he was sentenced to one year and one day in prison and ordered to pay a 0,300 fine on weapons charges related to purchasing machine guns and silencers.The-CNN-Wire 1660
President Donald Trump's nominee for an Alabama federal court judgeship is being criticized for not disclosing in his confirmation process his wife's role in the White House.Brett Talley did not disclose his wife's position as chief of staff for White House Counsel Donald McGahn on his Senate questionnaire, according to The New York Times.Sen. Dianne Feinstein, the top Democrat on the Senate judiciary committee, said the full Senate should not consider Talley's nomination until he explains why he failed to disclose the potential conflict of interest."By failing to disclose that his wife is one of President Trump's lawyers," Feinstein said in a statement, "Talley has betrayed his obligation to be open and transparent with the Senate and American people."The Senate judiciary committee advanced Talley's nomination along a party-line vote Thursday and a full Senate vote is expected soon.Question 24 of the disclosure form asks nominees to "identify the family members or other persons ... that are likely to present potential conflicts of interest." Talley did not mention his wife in the answer to this question, only responding: "If confirmed, I will recuse in any litigation where I have ever played a role." Additionally, Talley wrote, "I will evaluate any other real or potential conflict, or relationships that could give rise to appearance of conflict, on a case-by-case basis."A spokesman for the Republican-controlled Senate judiciary committee said Talley was not required to list a spouse' occupation on his questionnaire."It's no secret that that Mr. Talley's wife, Ann Donaldson, is the chief of staff to the White House counsel," judiciary spokesman Taylor Foy said in a statement. "She was sitting behind Mr. Talley at his nominations hearing. Anyone who had any concerns about his wife's occupation could have raised them at the hearing."He added, "Any insinuation that there's any conflict with the special counsel's investigation is absurd, as charges are being filed in the District of Columbia, not the Middle District of Alabama, where Talley is nominated to be a judge.Democrats have already criticized the 36-year-old Talley for his lack of legal experience. While the 2007 Harvard Law School graduate has clerked for federal district and appellate judges, Talley has never tried a case, and he received a rare "not qualified" rating from the American Bar Association.Talley had a prolific online media presence prior to his nomination; Talley referred to Hillary Clinton as "Hillary Rotten Clinton" on his public Twitter account which has since been made private, and pledged his total support for the National Rifle Association one month after the Sandy Hook school shooting where a gunman killed 20 elementary school children in Newtown, Connecticut in 2013.Talley is currently a deputy assistant attorney general in the Office of Legal Policy at the Justice Department. 2918
Reservations will be required on Amtrak's Pacific Surfliner route during the Thanksgiving holiday period to safely manage the increase of travelers and control the spread of COVID-19.The company announced Thursday that a reservation will be required on trains that travel between San Diego, Orange, Los Angeles, Ventura, Santa Barbara, and San Luis Obispo counties beginning Monday, Nov. 23 through Nov. 30 to help manage the capacity and allow customers to socially distance.Additionally, the Rail 2 Rail program will be suspended during this period, and monthly Metrolink and COASTER passes will not be accepted onboard Pacific Surfliner trains on these dates.Amtrak monthly and 10-ride passes may still be used. However, multi-ride ticket holders will be required to confirm each trip through the Amtrak RideReserve program on Amtrak.com, the Amtrak app, or with an Amtrak agent before traveling.Additional cars are being added when possible to increase the number of available seats on select trains.Visit pacificsurfliner.com for additional information on booking and safety precautions. 1100
President Donald Trump will travel to Arizona on Tuesday as he continues to counter the DNC with his own campaign speeches.According to the White House's official presidential schedule, Trump will travel to Yuma, Arizona, near the U.S.-Mexican border, to deliver a speech about immigration and border security.Border security has long been one of Trump's top priorities as president. He ran on the promise of building a border wall between Mexico and the U.S., and that Mexico would pay for it. While the Trump administration has refurbished several hundred miles of existing fencing, only a few miles of a newly-constructed wall has been erected — all of which has been paid for by the U.S. Treasury.It's the second time in as many days that Trump has traveled to swing states deliver campaign speeches. On Monday, Trump delivered remarks on the economy in both Minnesota and Wisconsin just hours before the DNC opened its four days of virtual events.Trump's comments will come hours after celebrating the 100th anniversary of the ratification of the 19th Amendment. At that event, Trump said he would issue a pardon to Susan B. Anthony for attempting to vote in the 1872 presidential election. 1203