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GM said its second-quarter earnings were impacted by $1.1 billion from tariffs imposed by President Trump, with the automaker warning that the financial strain is likely to intensify in the coming months. More here:

Reuters Business

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161,707 次观看 • 11 个月前 •via X (Twitter)

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PBS reported the American automaker General Motors lost $1.1 billion in earnings due to Trump's tariff policies. Stellantis, a multinational company that employs tens of thousands of Americans, also lost earnings due in part to tariffs.

PBS reported the American automaker General Motors lost $1.1 billion in earnings due to Trump's tariff policies. Stellantis, a multinational company that employs tens of thousands of Americans, also lost earnings due in part to tariffs.

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Germany's economy shrank by 0.3% in the second quarter compared with the first three months of the year, as demand from its top trading partner, the US, slowed following months of buying ahead in anticipation of US tariffs

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“Many people were killed, soldiers. Mostly Cubans, but they knew we were coming,” Trump said, describing details of the capture of the President of Venezuela. The United States once again proved that we have the most powerful, sophisticated, and deadly military on planet Earth, Trump added. More statements: — No one can compare to us, not even close; — I am the only president who has taken cognitive tests. Every president and vice president should be required to take these exams; — $650 billion — that is the amount the United States has received from imposed trade tariffs.

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As major companies report earnings this week, General Motors says President Trump’s tariffs have cost it about $1.1 billion in just three months. CBS News’ Kelly O'Grady breaks down the numbers.

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A New York-based US court of international trade blocked the tariffs imposed by President Donald Trump from going into effect. The court ruled that the President overstepped his authority by imposing across-the-board duties on imports. #Watch #Trump #Tariffs #USCourt #LiberationDay #ReciprocalTariffs #Imports #CNBCTV18Digital

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President Trump said the tariffs on China were imposed so that it doesn't spend its "massive surplus" on the military. "China is a massive surplus. That they take and they spend on their military. We don't want that. I don't want them to take $500 billion, $600 billion a year and spend it on their military. I don't want them spending money on their military. We shouldn't have to spend that either. I said this to President Xi hopefully it's the money we are never going to use." Meanwhile, it is reported that China is selling $50 billion in US treasuries in response to the tariffs

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President Trump imposed tariffs on China in his first term. Joe Biden kept the tariffs in place. Democrats suddenly outraged by Trump's tariffs are full of it.

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By the 2030s, the Kaspa network will likely become extremely disruptive to the global financial market and other cryptocurrencies. By 2050, its stock-to-flow ratio is expected to surpass an astounding half a billion.

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President Trump has made more than $2.2 billion in his first year back in office, according to new financial disclosure documents. Where is the money coming from? ABC News' Selina Wang reports.

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"This is an innovation presidency." In an exclusive interview with CBS News on Thursday, Treasury Secretary Scott Bessent said he doesn't believe the recent disclosure of President Trump's billions in crypto earnings is problematic for the president. "I don't think there's an appearance problem," Bessent told CBS News' Kelly O'Grady regarding the president's earnings. According to a financial disclosure released earlier this week, Trump has earned approximately $1.4 billion from his crypto ventures since beginning his second term.

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U.S. Republican Senator Lindsey Graham said during an interview today with CBS News that people should “stay tuned” for tomorrow’s announcement from President Trump regarding Russia, with him adding, “The game, regarding Putin's invasion of Russia, is about to change. I expect, in the coming days, you will see weapons flowing at a record level to help Ukraine defend themselves. I expect, in the coming days, that there will be tariffs and sanctions available to President Trump he has never had before. I expect, in the coming days, more support from Europe regarding the efforts to help Ukraine. Putin made a miscalculation here. For six months, President Trump tried to entice Putin to the table. The attacks have gone up, not down. One of the biggest miscalculations Putin has made is to play Trump.”

U.S. Republican Senator Lindsey Graham said during an interview today with CBS News that people should “stay tuned” for tomorrow’s announcement from President Trump regarding Russia, with him adding, “The game, regarding Putin's invasion of Russia, is about to change. I expect, in the coming days, you will see weapons flowing at a record level to help Ukraine defend themselves. I expect, in the coming days, that there will be tariffs and sanctions available to President Trump he has never had before. I expect, in the coming days, more support from Europe regarding the efforts to help Ukraine. Putin made a miscalculation here. For six months, President Trump tried to entice Putin to the table. The attacks have gone up, not down. One of the biggest miscalculations Putin has made is to play Trump.”

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