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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 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

Protesters opposed to Brett Kavanaugh's appointment to the US Supreme Court massed in Washington on Saturday, with several activists briefly disrupting the afternoon vote in the Senate.Capitol Police said 14 people were arrested for protests in the Senate Gallery, 13 during the successful vote to confirm Kavanaugh and one a short time earlier. 353

Research by the RAND Corporation American Life Panel found that Americans over the age of 30 have been drinking more alcohol in 2020 than they did a year ago.The journal Jama Network Open published the results Tuesday.Researchers surveyed more than 1,500 people between the ages of 30 and 80 in 2019 and 2020. They found a 14% increase in drinking during the pandemic.On average, alcohol was consumed one day more per month by 3-of-4 adults, researchers said.Researchers added that it's essential to watch for whether the increases in alcohol drinking continues over the pandemic, and whether it will lead to physical and mental health consequences. 657

REDDING, Calif. (AP) — A couple whose flattened trailer tire accidentally started a massive fire in Northern California has received more than 100 cards and letters with supportive messages telling them not to feel guilty.The outpouring of support for an 81-year-old man and his wife started after Rachel Pilli made a Facebook post offering to forward compassionate messages to the couple, the Record Searchlight in Redding, California, reported Wednesday.Pilli doesn't know the couple, but said a firefighter who knows them told her the woman blames herself and cries day and night. She decided to send them a card with a supportive message and then posted about the couple on social media.RELATED: Cal Fire firefighters feed fish after family forced to evacuate during Carr Fire"I couldn't imagine the grief," she said. "If I were the one responsible for the accident I couldn't imagine the shame and the torture I'd feel."The blaze that has destroyed nearly 1,100 homes and killed eight people started on July 23 with a spark from a vehicle driving on a flat tire, fire officials said. It was 67 percent contained as of Wednesday.Pilli said she has received more than 100 cards and letters and they keep coming. People have also sent bouquets of flowers and gifts for the couple.RELATED: Exhausted San Diego County firefighters return from burn zonePilli, a doctor and mother of three, and a friend are reading the letters before they send them to the couple to make sure all are encouraging. Thus far, they have been.She said she hopes the couple "feel the love and forgive themselves.""I think the fire has caused us to look into each other's eyes and discover the human kindness in us," Pilli said. "People have been so generous. It's a beautiful story of hope and community." 1795