Texas Weekly Online

World, markets on edge as Trump prepares for ‘Liberation Day’ tariffs

World, markets on edge as Trump prepares for ‘Liberation Day’ tariffs

The White House has confirmed that US President Donald Trump will impose new tariffs this week, but it provided no details about the size and scope of the measures that have raised concerns over an intensifying global trade war. Trump kept rivals and allies alike guessing about who would be targeted and by how much, but promised to be “very kind” when announcing tariffs on Wednesday, which he has dubbed “Liberation Day”. In recent weeks, he has made several tariff announcements, then quickly changed tack on them. Global stocks remained volatile ahead of the so-called “reciprocal tariffs“, which Trump says are necessary to combat unfair trade imbalances with countries that target the United States. White House Press Secretary Karoline Leavitt said on Tuesday that Trump’s tariffs will take effect immediately after he unveils them on Wednesday. The Republican leader, an advocate of tariffs for decades, said on Monday night that he had “settled” on a plan, but refused to reveal its specifics. Advertisement Trump only said that the tariffs would be lower than what other countries would be charging the US, adding that “we sort of have a world obligation, perhaps”. “We’re going to be very nice, relatively speaking, we are going to be very kind,” he said. Trump is set to hold a press conference, dubbed “Make America Wealthy Again”, at the White House at 4pm local time (20:00 GMT) on Wednesday. On Tuesday, Trump urged his fellow Republicans in the US Senate to vote against a measure to revoke his tariff policy against Canada, which he tied to a fentanyl “emergency”. “Republicans in the Senate MUST vote to keep the National Emergency in place,” Trump wrote in a post on his private social media platform. Republicans have a majority in the Senate, but Tim Kaine – the Democrat who introduced the proposed legislation – suggested that the bill has a chance of passing. “There’s still a lot of discussions under way and a lot of votes that are still in play,” Kaine told reporters. “Often in the Senate, everything is pretty predictable. This is one where it’s not particularly predictable.” Kaine also pushed back against Trump’s claim that the flow of the drug fentanyl from Canada requires an emergency declaration. According to US government data, only 19.5kg (43 pounds) of fentanyl was seized at the Canadian border last year, compared to 9,933kg (21,900 pounds) at the border with Mexico. Trade war looming Al Jazeera’s Rosiland Jordan, reporting from Washington DC, said the entire global economy could be hit with what experts are calling a potentially huge trade war. Advertisement Jordan noted that Trump has said that he is aiming to restore US manufacturing, which plunged in the age of globalisation, with free trade agreements like the North American Free Trade Agreement (NAFTA) moving many industries to Mexico and Canada. “Eventually, much of that offshore manufacturing went to China, and to Southeast Asia and India,” Jordan added. “Now whether the US is going to go ahead with the 25 percent tariffs that have been promised against Canada, Mexico, and Europe, including the United Kingdom, remains to be seen.” Trump’s strategy risks provoking a chain reaction of retaliation by major trading partners like China, Canada and the European Union. America’s neighbours Canada and Mexico were already gearing up, but grappled with uncertainty. Mexican President Claudia Sheinbaum said on Tuesday that there will be no “eye for an eye” approach as the country braces for new US import tariffs kicking in this week. Canada Prime Minister Mark Carney had promised tariffs against US products that would have “maximum impact in the US” and minimal effects on Canadians. On Tuesday, Carney’s office said he had a call with Sheinbaum to discuss the “importance of building upon the strong trading and investment relationship between [their] two countries”. If enacted, the tariffs would deal a hefty economic blow to both nations, which are both in a free trade agreement with the US, the United States-Mexico-Canada Agreement (USMCA) – an amended version of NAFTA negotiated by Trump himself in 2020. Advertisement The threat of a trade war has caused increasing political ructions, with Canada’s looming general election on April 28 set to be dominated by how to deal with Trump, who has also called for the US to annex Canada, infuriating its northern neighbour. ‘We have the power to push back’ The tensions have gone beyond North America. The EU, which Trump has accused of trying to “scr**” the US, said on Tuesday that it still hoped to negotiate a solution – but that “all instruments are on the table” to retaliate if necessary. “We have the largest single market in the world, we have the strength to negotiate, we have the power to push back,” European Commission President Ursula von der Leyen said on Tuesday. “And the people of Europe should know that together we will always promote and defend our interests and our values, and together we will always stand up for our Europe.” For his part, United Kingdom Prime Minister Keir Starmer spoke with Trump on “productive negotiations” towards a UK-US trade deal. Vietnam said on Tuesday that it would slash duties on a range of goods to head off Trump’s tariffs. The US president’s advisers have pitched imposing a 20 percent global tariff to hit almost all US trading partners, the Wall Street Journal reported, while the White House suggested Monday they might be “country specific”. Trump, who began his second term in office in January, claimed the tariffs will drive the “rebirth” of the US as a manufacturing giant and stop it from being “ripped off”. Advertisement Volatile markets Wall Street was mixed on Tuesday, with the Dow Jones Industrial Average dipping 0.03 percent, and the benchmark S&P 500 and tech-heavy Nasdaq Composite rising 0.38 percent and 0.87 percent, respectively. European and Asian stock markets earlier rose as investors waited nervously for the announcement. Safe-haven gold touched a fresh record high. US stocks on the S&P 500 and Nasdaq

Milwaukee polling places running out of ballots amid ‘historic turnout’ by voters

Milwaukee polling places running out of ballots amid ‘historic turnout’ by voters

The City of Milwaukee is running out of ballots due to “historic turnout” on Tuesday night, as Badger State residents stand in line at polling places to decide whether the Wisconsin Supreme Court will lean conservative or liberal. FOX 6 Milwaukee reporter Jason Calvi reported the developments on Tuesday night. At least seven polling sites have run out of ballots, per the Milwaukee Elections Commission.  The sites are expecting more ballots soon, though the polls closed at 8 p.m. Milwaukee officials also noted that Wisconsin residents in line by 8 p.m. are still eligible to vote. “We are working diligently to replenish ballots,” the Milwaukee Elections Commission wrote on Facebook. TRUMP ANNOUNCES PLAN TO CHOP DOWN MAGNOLIA TREE PURPORTEDLY PLANTED BY ANDREW JACKSON: ‘MUST COME TO AN END’ The Wisconsin Supreme Court currently has a 4-3 liberal majority.  The court race has attracted attention across the country, as both Democrat and Republican-aligned groups from outside Wisconsin have dedicated money and resources to swaying the race. It’s been interpreted as a referendum on President Donald Trump’s second administration so far.  Notably, Tesla CEO Elon Musk hosted an America PAC town hall in Green Bay on Sunday night, where he handed two $1 million dollar checks to two voters who signed a petition against “activist judges.” TRUMP ADMIN REVIEWING BILLIONS IN GOVERNMENT CONTRACTS, GRANTS FOR HARVARD AMID ANTISEMITISM ALLEGATIONS Wisconsin Attorney General Josh Kaul unsuccessfully asked for an emergency injunction to stop Musk from handing out the checks, but the state’s highest court declined to hear Kaul’s arguments.  “The reason for the checks is that, it’s really just to get attention,” Musk said while holding a gigantic check. “It’s like, we need to get attention… somewhat inevitably, when I do this… it causes the legacy media to, like, kind of lose their minds.” Musk’s attorneys maintained that the payments are “intended to generate a grassroots movement in opposition to activist judges, not to expressly advocate for or against any candidate.” Fox News Digital’s Sophia Compton and Paul Steinhauser contributed to this report.

Former DeSantis official defeats Dem for Matt Gaetz’s House seat

Former DeSantis official defeats Dem for Matt Gaetz’s House seat

Republican Jimmy Patronis, the former Florida chief financial officer under Gov. Ron DeSantis, fended off his Democrat opponent and successfully won the race to succeed former Rep. Matt Gaetz in Florida’s special election on Tuesday.  President Donald Trump notably carried the district by 37 points in the 2024 election.  The 1st Congressional District special election, in addition to the one in the 6th District to replace U.S. National Security Advisor Mike Waltz, are being viewed by some as early referendums for Trump’s second term.  HAWLEY OFFICIALLY A YES ON DR. OZ AFTER SECURING COMMITMENTS ON TRANSGENDER, ABORTION ISSUES Trump voiced his support for Patronis on Tuesday morning, urging people to vote.  “Jimmy Patronis, Chief Financial Officer and Fire Marshall for the Great State of Florida, is running an incredible Campaign for Congress in Florida’s 1st Congressional District!” Trump wrote on Truth Social.  “A fourth generation Floridian from the beautiful Panhandle, and owner of an iconic seafood restaurant, Jimmy has been a wonderful friend to me, and to MAGA. As your next Congressman, Jimmy will fight hard alongside of me to Grow our Economy, Cut Taxes, Secure our Border, Stop Migrant Crime, Strengthen our Brave Military/Vets, Restore American Energy DOMINANCE, and Defend our always under siege Second Amendment.” ‘BLINDSIDED’: HOW STEFANIK’S TRUMP NOMINATION AS UN AMBASSADOR IMPLODED “Florida, Election Day is TODAY. GET OUT AND VOTE FOR JIMMY PATRONIS. Jimmy has my Complete and Total Endorsement — HE WILL NEVER LET YOU DOWN!,” Trump added. The Republicans had an advantage in Patronis’ race, but Valimont managed to significantly outraise her opponent, which flashed some warning signs.  HOW TRUMP-BLOCKING JUDGES MANAGED TO GET PAST SENATE JUDICIARY HAWKS Her fundraising topped the Republican’s by a nearly five-to-one margin.  Gaetz resigned from the House of Representatives last year after Trump revealed his plan to nominate him to be attorney general. However, it became clear that the controversial House Republican had an uphill battle to get support from GOP senators.  JOSH HAWLEY BELIEVES HIS BILL CAN STOP ‘RESISTANCE’ JUDGES FROM ‘PROVOKING A CRISIS’ Just days after Trump’s announcement, and after a number of meetings in the Senate, Gaetz officially withdrew from consideration.  Pam Bondi was then nominated by Trump for the role and ultimately confirmed as attorney general.