Mexico president vows response to Trump tariffs; US official acknowledges costs might enhance in brief time period – stay | Trump administration

Volodymyr Zelenskyy mentioned he is able to signal an settlement demanded by Donald Trump for entry to Ukraine’s minerals, and acknowledged final week’s testy White Home assembly “didn’t go the way in which it was presupposed to”.

The feedback come after Trump yesterday determined to pause army help to Ukraine, probably jeopardizing its capability to defend in opposition to Russia’s invasion. We’ve a separate stay weblog masking all the newest information within the battle, and you’ll learn it right here:

Main US inventory indices have dropped considerably in early morning buying and selling amid fears that Donald Trump’s tariffs on Canada, Mexico and China will trigger value spikes and financial upheaval.

The broad-based S&P 500 erased features it had made because the 5 November election, with a drop of 1.6%. The benchmark Down Jones industrial common was down 1.5% or greater than 650 factors.

The figures are definitely not what Trump, who usually makes use of the inventory market as a barometer for his administration’s financial success, want to see.

Mexican president Claudia Sheinbaum mentioned she’s going to define her nation’s response to Donald Trump’s tariffs on Sunday, Reuters stories.

Whereas China and Canada shortly introduced plans for retaliatory levies on US items, Mexico has thus far held off, however Sheinbaum mentioned she would element tariff and non-tariff measures in opposition to the Trump administration’s transfer in her weekend speech.

“There isn’t any purpose, rationale or justification to assist this determination that can have an effect on our folks and nations … No one wins with this determination,” Sheinbaum advised reporters in Mexico Metropolis.

Commerce secretary Howard Lutnick advised CNBC that Donald Trump’s tariffs on main US buying and selling companions might trigger short-term value hikes, however argued the long-term results can be constructive.

“There might be short-term value actions, however within the long-term, it’s going to be utterly totally different,” Lutnick mentioned. He additionally signaled that extra tariffs had been within the pipeline, saying the Trump administration was prepared to maneuver ahead on 2 April with its plan for “reciprocal” levies on imports from nations that put tariffs on US items.

The CEOs of two giant retailers in america say customers are more likely to see costs rise on account of the tariffs Donald Trump positioned on Canada and Mexico, and his hike in levies on China.

The warnings from the CEOs of Finest Purchase and Goal, reported by CNBC, contradict the president’s assertion that the prices of his commerce battle won’t be borne by US customers, who rebelled in opposition to his predecessor Joe Biden after the US financial system was hit by its worst bout of inflation in many years.

“These are classes the place we’ll attempt to defend pricing, however the client will doubtless see value will increase over the following couple of days,” Goal CEO Brian Cornell advised the community in an interview. “If there’s a 25% tariff, these costs will go up.”

On an earnings name, Finest Purchase CEO Corie Barry mentioned China and Mexico had been his agency’s two largest suppliers, and value hikes had been inevitable.

“Commerce is critically necessary to our enterprise and trade, the patron digital provide chain is extremely international, technical and sophisticated,” Barry advised shareholders, in response to CNBC. “We anticipate our distributors throughout our whole assortment will move alongside some stage of tariff prices to retailers, making value will increase for American customers extremely doubtless.”

Donald Trump has threatened to chop off funding to universities that permit “unlawful protests”, and expel or deport college students concerned.

Writing on Fact Social, the president mentioned:

All Federal Funding will STOP for any School, Faculty, or College that permits unlawful protests. Agitators will probably be imprisoned/or completely despatched again to the nation from which they got here. American college students will probably be completely expelled or, relying on on the crime, arrested. NO MASKS! Thanks on your consideration to this matter.

The menace comes after Republicans final yr condemned pro-Palestinian protesters who held demonstrations on a number of school campuses nationwide over Joe Biden’s assist for Israel, and Trump later signed an order that might result in the deportation of international college students concerned. Right here’s extra on that:

JD Vance, the US vice-president, has claimed that he was not referring to Britain or France when he mentioned {that a} minerals take care of the US, giving America an financial stake in Ukraine, would offer “a approach higher safety assure than 20,000 troops from some random nation that has not fought a battle in 30 or 40 years”.

He posted this reponse to a submit from the Italian journalist Antonello Guerrara saying he will need to have been referring to British and French peacekeepers.

That is absurdly dishonest.

I don’t even point out the UK or France within the clip, each of whom have fought bravely alongside the US over the past 20 years, and past.

And he added this.

However let’s be direct: there are various nations who’re volunteering (privately or publicly) assist who’ve neither the battlefield expertise nor the army gear to do something significant.

Russia has agreed to help US president Donald Trump’s administration in speaking with Iran on varied points, together with on Tehran’s nuclear programme and its assist for regional anti-US proxies, Bloomberg reported on Tuesday.

The report, which was picked up by Russian state media, quoted Kremlin spokesperson Dmitry Peskov as saying that “Russia believes that america and Iran ought to resolve all issues by way of negotiations” and that Moscow “is able to do all the pieces in its energy to attain this.”

Trump final month restored his “most strain” marketing campaign on Iran which incorporates efforts to drive its oil exports right down to zero so as to cease Tehran from acquiring a nuclear weapon. Iran denies any such intention.

Russia has deepened its ties with the Islamic Republic because the begin of the Ukraine battle, and signed a strategic cooperation treaty with Iran in January.

US vice-president JD Vance mentioned that one of the simplest ways to guard Ukraine from one other Russian invasion is to ensure the US has a monetary curiosity in Ukraine’s future.

“In order for you actual safety ensures, if you wish to truly be sure that Vladimir Putin doesn’t invade Ukraine once more, the easiest safety assure is to present Individuals financial upside in the way forward for Ukraine,” Vance mentioned within the interview with Fox Information’ Sean Hannity which aired Monday evening.

“That could be a approach higher safety assure than 20,000 troops from some random nation that hasn’t fought a battle in 30 or 40 years,” he mentioned.

The interview aired the identical day the White Home reportedly introduced it was pausing army assist to Ukraine and days after US President Donald Trump clashed with Ukrainian President Volodymyr Zelenskyy within the Oval Workplace.

“What’s the precise plan right here? You possibly can’t simply fund the battle ceaselessly. The American folks gained’t stand for that,” Vance mentioned. This interview was recorded upfront, so it’s unclear whether or not Vance was conscious that the US would have paused assist by the point it aired.

Trump to put out second-term imaginative and prescient in key deal with to Congress

Lauren Gambino

Donald Trump on Tuesday will ship his first deal with to a joint session of Congress since reclaiming the presidency and promising a brand new “golden age” for America.

Earlier than a chamber filled with members of Congress and their visitors, the president will lay out his second-term imaginative and prescient after a radical begin that has dramatically reshaped each home and international coverage.

In only a few weeks since being sworn into workplace, Trump has empowered Elon Musk to dramatically downsize the federal workforce, threatened allies with tariffs and coddled longtime American foes. His administration has initiated sweeping mass layoffs of federal workers, mobilized officers from practically each federal legislation enforcement company and the US army to hold out his marketing campaign promise of mass deportations, and rattled Europe together with his pursuit of a peace deal to finish Russia’s battle in Ukraine on phrases preferential to Moscow.

New polling exhibits warning indicators for Trump. Extra Individuals held a detrimental view of Trump’s presidency thus far than a constructive one, a brand new CNN survey discovered. In the meantime, a ballot carried out by NPR/PBS Information/Marist confirmed a majority of individuals within the US consider the nation is headed within the improper course and say that the president has been “speeding to make adjustments with out contemplating the impression”.

But Trump, emboldened by his return to energy, has proven no indicators of fixing course, at the same time as backlash brews.

China and Canada unveiled retaliatory measures in opposition to the US after Donald Trump imposed his sweeping tariffs plan at midnight US time, regardless of warnings it might spark an escalating commerce battle.

US tariffs have come into power of 25% in opposition to items from Canada and Mexico, the US’s two largest buying and selling companions, and 20% tariffs in opposition to China – doubling the levy on China from final month.

The duties will have an effect on greater than $918bn-worth (£722bn) of US imports from Canada and Mexico.

China on Tuesday mentioned it might impose recent tariffs on a variety of agricultural imports from the US subsequent week. Its finance ministry mentioned further 15% tariffs can be imposed on rooster, wheat, corn and cotton, with additional 10% tariffs on sorghum, soya beans, pork, beef, aquatic merchandise, fruits, greens and dairy merchandise.

The Canadian prime minister, Justin Trudeau, mentioned Ottawa would reply with rapid 25% tariffs on C$30bn-worth ($20.7bn) of US imports. He mentioned beforehand that Canada would goal US beer, wine, bourbon, house home equipment and Florida orange juice.

Tariffs will probably be positioned on one other C$125bn ($86.2bn) of US items if Trump’s tariffs had been nonetheless in place in 21 days.

Hi there and welcome to the US politics stay weblog. My title is Tom Ambrose and I’ll be bringing you all the newest information over the following few hours.

We begin with information that president Donald Trump will stand earlier than a joint session of Congress right now to present an accounting of his turbulent first weeks in workplace as a divided nation struggles to maintain tempo.

It will likely be the newest milestone in Trump’s whole takeover of the nation’s capital the place the Republican-led Home and Senate have executed little to restrain the president as he and his allies work to slash the dimensions of the federal authorities and remake America’s place on the earth, AP reported.

The White Home mentioned Trump’s theme can be the “renewal of the American dream,” and he was anticipated to put out his achievements since returning to the White Home, in addition to attraction to Congress to offer extra money to finance his aggressive immigration crackdown.

“It’s a possibility for president Trump, as solely he can, to put out the final month of record-setting, record-breaking, unprecedented achievements and accomplishments,” mentioned senior adviser Stephen Miller.

Democrats, a lot of whom stayed away from Trump’s inauguration in January, had been largely brushing apart requires boycotts as they battle to provide you with an efficient counter to the president.

As a substitute, they selected to focus on the impression of Trump’s actions by inviting fired federal employees as visitors, together with a disabled veteran from Arizona, a well being employee from Maryland and a forestry worker who labored on wildfire prevention in California.

In addition they invited visitors who can be harmed by steep federal finances cuts to Medicaid and different packages.

In different information:

• The Trump administration has suspended supply of all US army assist to Ukraine, blocking billions in essential shipments because the White Home piles strain on Ukraine to sue for peace with Vladimir Putin. The choice impacts deliveries of ammunition, autos, and different gear together with shipments agreed to when Joe Biden was president. It comes after a dramatic blow-up within the White Home on Friday throughout which Donald Trump advised Volodymyr Zelenskyy that he was “playing with” a 3rd world battle. The Ukrainian president was advised to come back again “when he’s prepared for peace”.

• US vice-president JD Vance mentioned that one of the simplest ways to guard Ukraine from one other Russian invasion is to ensure the US has a monetary curiosity in Ukraine’s future. “In order for you actual safety ensures, if you wish to truly be sure that Vladimir Putin doesn’t invade Ukraine once more, the easiest safety assure is to present Individuals financial upside in the way forward for Ukraine,” Vance mentioned within the interview with Fox Information’ Sean Hannity which aired Monday evening.

• China and Canada unveiled retaliatory measures in opposition to the US after Trump imposed his sweeping tariffs plan at midnight US time, regardless of warnings it might spark an escalating commerce battle. US tariffs have come into power of 25% in opposition to items from Canada and Mexico, the US’s two largest buying and selling companions, and 20% tariffs in opposition to China – doubling the levy on China from final month. The duties will have an effect on greater than $918bn-worth (£722bn) of US imports from Canada and Mexico.

• The US well being division advised workers on Monday they might apply for early retirement over the following 10 days and may reply to a request for data on their accomplishments of the previous week, in response to emails seen by Reuters. Trump and billionaire Elon Musk, who oversees the so-called “division of presidency effectivity”, are spearheading an unprecedented effort to shrink the federal paperwork, together with by way of job cuts.

• The US Senate has confirmed Linda McMahon because the nation’s subsequent training secretary, entrusting the previous wrestling govt with a division marked for dismantling by Donald Trump. The 76-year-old billionaire businesswoman and longtime Trump ally was accredited 51-45, reflecting deep divisions over her {qualifications} and the administration’s training agenda. McMahon, who beforehand led the small enterprise administration throughout Trump’s first time period, now faces the paradoxical activity of working an company whereas concurrently working towards its potential elimination.

• Two alleged leaders of a prison group suspected of smuggling 20,000 folks with out everlasting authorized residency into the US from Guatemala have been arrested in Los Angeles, federal prosecutors mentioned on Monday. Eduardo Domingo Renoj-Matul, often known as “Turko”, and his lieutenant, Cristobal Mejia-Chaj, had been taken into custody Friday and have pleaded not responsible to a number of expenses associated to smuggling migrants throughout the border over 5 years, the US lawyer’s workplace mentioned. A federal choose ordered the lads, who themselves are within the nation illegally, jailed with out bond till their trial in April.