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Trump’s Aug. 7 tariff start date for some countries brings new uncertainty – National TenX News

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For weeks, President Donald Trump was promising the world economy would change on Friday with his new tariffs in place. It was an ironclad deadline, administration officials assured the public.

But when Trump signed the order Thursday night imposing new tariffs on 66 countries, the European Union, Taiwan and the Falkland Islands, the start date of the punishing import taxes was pushed back seven days so that the tariff schedule could be updated. The change — while potentially welcome news to countries that had not yet reached a deal with the U.S. — injected a new dose of uncertainty for consumers and businesses still wondering what’s going to happen and when.

Trump told NBC News in a Thursday night interview the tariffs process was going “very well, very smooth.” But even as the Republican president insisted these new rates would stay in place, he added: “It doesn’t mean that somebody doesn’t come along in four weeks and say we can make some kind of a deal.”

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Trump has promised that his tax hikes on the nearly US$3 trillion in goods imported to the United States will usher in newfound wealth, launch a cavalcade of new factory jobs, reduce the budget deficits and, simply, get other countries to treat America with more respect.

The vast tariffs risk jeopardizing America’s global standing as allies feel forced into unfriendly deals. As taxes on the raw materials used by U.S. factories and basic goods, the tariffs also threaten to create new inflationary pressures and hamper economic growth — concerns the Trump White House has dismissed.

Questions swirl around the tariffs despite Trump’s eagerness

As the clock ticked toward Trump’s self-imposed deadline, few things seemed to be settled other than the president’s determination to levy the taxes he has talked about for decades. The very legality of the tariffs remains an open question as a U.S. appeals court on Thursday heard arguments on whether Trump had exceeded his authority by declaring an “emergency” under a 1977 law to charge the tariffs, allowing him to avoid congressional approval.

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Trump was ebullient as much of the world awaited what he would do.

“Tariffs are making America GREAT & RICH Again,” he said Thursday morning on Truth Social.


Click to play video: 'Trump frustrated with India trade talks, thinks 25% tariffs will help: Haslett'


Trump frustrated with India trade talks, thinks 25% tariffs will help: Haslett


Others saw a policy carelessly constructed by the U.S. president, one that could impose harms gradually over time that would erode America’s power and prosperity.

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“The only things we’ll know for sure on Friday morning are that growth-sapping U.S. import taxes will be historically high and complex, and that, because these deals are so vague and unfinished, policy uncertainty will remain very elevated,” said Scott Lincicome, a vice president of economics at the Cato Institute. “The rest is very much TBD.”

The new tariffs build off ones announced in the spring

Trump initially imposed the Friday deadline after his previous “Liberation Day” tariffs in April resulted in a stock market panic. His unusually high tariff rates unveiled then led to recession fears, prompting Trump to impose a 90-day negotiating period. When he was unable to create enough trade deals with other countries, he extended the timeline and sent out letters to world leaders that simply listed rates, prompting a slew of hasty agreements.

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Swiss imports will now be taxed at a higher rate, 39 per cent, than the 31 per cent Trump threatened in April, while Liechtenstein saw its rate slashed from 37 per cent to 15 per cent. Countries not listed in the Thursday night order would be charged a baseline 10 per cent tariff.

Trump negotiated trade frameworks over the past few weeks with the EU, Japan, South Korea, Indonesia and the Philippines — allowing the president to claim victories as other nations sought to limit his threat of charging even higher tariff rates. He said on Thursday there were agreements with other countries, but he declined to name them.

Thursday began with a palpable sense of tension

The EU was awaiting a written agreement on its 15 per cent tariff deal. Switzerland and Norway were among the dozens of countries that did not know what their tariff rate would be, while Trump agreed after a Thursday morning phone call to keep Mexico’s tariffs at 25 per cent for a 90-day negotiating period. The president separately on Thursday amended an order to raise Canada’s fentanyl-related tariffs to 35 per cent.

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European leaders face blowback for seeming to cave to Trump, even as they insist that this is merely the start of talks and stress the importance of maintaining America’s support of Ukraine’s fight against Russia. Canadian Prime Minister Mark Carney has already indicated that his country can no longer rely on the U.S. as an ally, and Trump declined to talk to him on Thursday.


Click to play video: '‘Trump ate von der Leyen for breakfast’: EU leaders react to ‘unbalanced’ trade deal with US'


‘Trump ate von der Leyen for breakfast’: EU leaders react to ‘unbalanced’ trade deal with US


India, with its 25 per cent tariff announced Wednesday by Trump, may no longer benefit as much from efforts to pivot manufacturing out of China. While the Trump administration has sought to challenge China’s manufacturing dominance, it is separately in extended trade talks with that country, which faces a 30 per cent tariff and is charging a 10 per cent retaliatory rate on the U.S.

Major companies came into the week warning that tariffs would begin to squeeze them financially. Ford Motor Co. said it anticipated a net $2 billion hit to earnings this year from tariffs. French skincare company Yon-Ka is warning of job freezes, scaled-back investment and rising prices.

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It’s unclear whether Trump’s new tariffs will survive a legal challenge

Federal judges sounded skeptical Thursday about Trump’s use of a 1977 law to declare the long-standing U.S. trade deficit a national emergency that justifies tariffs on almost every country on Earth.

“You’re asking for an unbounded authority,” Judge Todd Hughes of the U.S. Court of Appeals for the Federal Circuit told a Justice Department lawyer representing the administration.

The judges didn’t immediately rule, and the case is expected to eventually reach the Supreme Court.

The Trump White House has pointed to the increase in federal revenues as a sign that the tariffs will reduce the budget deficit, with $127 billion in customs and duties collected so far this year — about $70 billion more than last year.

New tariffs threaten to raise inflation rates

There are not yet signs that tariffs will lead to more domestic manufacturing jobs, and the U.S. economy now has 14,000 fewer manufacturing jobs than it did in April.

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On Thursday, one crucial measure of inflation, known as the Personal Consumption Expenditures index, showed that prices have climbed 2.6 per cent over the 12 months that ended in June, a sign that inflation may be accelerating as the tariffs flow through the economy.

The prospect of higher inflation from the tariffs has caused the Federal Reserve to hold off on additional cuts to its benchmark rates, a point of frustration for Trump, who on Truth Social, called Fed Chair Jerome Powell a “TOTAL LOSER.”

But ahead of Trump’s tariffs, Powell seemed to suggest that the tariffs had put the U.S. economy and much of the world into a state of unknowns.

“There are many uncertainties left to resolve,” Powell told reporters Wednesday. “So, yes, we are learning more and more. It doesn’t feel like we’re very close to the end of that process. And that’s not for us to judge, but it does — it feels like there’s much more to come.”

AP writer Paul Wiseman contributed to this report.




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Israel soon will halt or slow aid to northern Gaza as military offensive grows – National TenX News

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Israel will soon halt or slow humanitarian aid into parts of northern Gaza as it expands its military offensive against Hamas, an official said Saturday, a day after Gaza City was declared a combat zone.

The decision was likely to bring more condemnation of Israel’s government as frustration grows in the country and abroad over dire conditions for both Palestinians and remaining hostages in Gaza after nearly 23 months of war.

The official, who spoke on condition of anonymity because they were not authorized to speak to the media, told The Associated Press that Israel will stop airdrops over Gaza City in the coming days and reduce the number of aid trucks arriving in the north as it prepares to evacuate hundreds of thousands of people south.

Israel on Friday ended recently imposed daytime pauses in fighting to allow aid delivery, describing Gaza City as a Hamas stronghold and alleging that a tunnel network remains in use, despite previous large-scale raids. The United Nations and partners have said the pauses, airdrops and other measures fell far short of the 600 trucks of aid needed daily in Gaza.

A ‘massive population movement’ coming

AP video footage showed several large explosions across Gaza overnight. Israel’s military Saturday evening said it had struck a key Hamas member in the area of Gaza City, with no details.

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In recent days, Israel’s military has increased strikes on the outskirts of Gaza City, where famine was recently documented and declared by global food security experts.

By Saturday there had been no airdrops for several days across Gaza, a break from almost daily ones. Israel’s army didn’t respond to a request for comment or say how it would provide aid to Palestinians during another major shift in Gaza’s population of over 2 million people.

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“Such an evacuation would trigger a massive population movement that no area in the Gaza Strip can absorb, given the widespread destruction of civilian infrastructure and the extreme shortages of food, water, shelter and medical care,” Mirjana Spoljaric, president of the International Committee of the Red Cross, said in a statement.


It’s impossible that a mass evacuation of Gaza City can be done in a safe and dignified way, she said.

Hundreds of residents have begun leaving Gaza City, piling their remaining possessions onto pickup trucks or donkey carts. Many have been forced to leave their homes more than once.

Killed while seeking food

Israeli gunfire killed four people trying to get aid in central Gaza, according to health officials at Al-Awda Hospital, were the bodies were taken.

An Israeli strike on a bakery in Gaza City’s Nasr neighborhood killed 12 people including six women and three children, the Shifa Hospital director told the AP, and a strike on the Rimal neighborhood killed seven.

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Gaza’s Health Ministry said another 10 people died as a result of starvation and malnutrition over the past 24 hours, including three children. It said at least 332 Palestinians have died from malnutrition-related causes during the war, including 124 children.

At least 63,371 Palestinians have died in Gaza during the war, said the ministry, which does not say how many are fighters or civilians but says around half have been women and children. The ministry is part of the Hamas-run government and staffed by medical professionals. The U.N. and independent experts consider it the most reliable source on war casualties. Israel disputes its figures but has not provided its own.

“There is no food and even water is not available. When it is available, it is not safe to drink,” said Amer Zayed, as he waited for food from a charity kitchen in Deir al-Balah on Friday.

“The suffering gets worse when there are more displaced people,” he added.

Israelis rally again to demand a ceasefire deal

Israelis waited to hear the identity of the remains of a hostage that Israel on Friday said had been recovered in Gaza. It also said it recovered the remains of hostage Ilan Weiss.

Forty-eight hostages now remain in Gaza of the over 250 seized in the Hamas-led attack on Oct. 7, 2023, that sparked the war. Israel had believed 20 are still alive.

Their loved ones fear the expanding military offensive will put them in even more danger, and they were rallying again Saturday to demand a ceasefire deal to bring everyone home.

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“Netanyahu, if another living hostage comes back in a bag, it will not only be the hostages and their families who pay the price. You will bear responsibility for premeditated murder,” Zahiro Shahar Mor, nephew of hostage Avraham Munder, said in Tel Aviv.

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U.S. scraps Palestinian officials’ visas ahead of UN General Assembly – National TenX News

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The Trump administration said Friday it was denying and revoking U.S. visas from members of the Palestinian Authority and the Palestine Liberation Organization.

That comes ahead of next month’s United Nations General Assembly, where Canada and several other countries have said they intend to officially recognize a Palestinian state.

The U.S. State Department cited the groups’ efforts to secure statehood recognition at the UN, along with their appeals to the International Criminal Court and International Court of Justice to investigate alleged Israeli crimes in Gaza, as reasons for the decision by U.S. Secretary of State Marco Rubio.

“Both steps materially contributed to Hamas’s refusal to release its hostages, and to the breakdown of the Gaza ceasefire talks,” the department said in a statement.

“The Trump Administration has been clear: it is in our national security interests to hold the PLO and PA accountable for not complying with their commitments, and for undermining the prospects for peace.”

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The statement did not name the officials being denied entry. It was not immediately clear if the list included Palestinian Authority President Mahmoud Abbas, who was expected to travel to New York for the UN gathering.


Click to play video: 'Carney says Canada to recognize the state of Palestine in September'


Carney says Canada to recognize the state of Palestine in September


The Palestinians’ ambassador to the UN, Riyad Mansour, told reporters at the UN headquarters that they were checking exactly what the U.S. move means “and how it applies to any of our delegation, and we will respond accordingly.”

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Representatives assigned to the Palestinian Authority mission at the UN, led by Mansour, will be granted waivers so they can continue their New York-based operations, the U.S. statement said.

Mansour said Abbas still intends to lead the delegation to the high-level meetings and is expected to address the General Assembly — as he has done for many years — and to attend a meeting on the afternoon of Sept. 22 on a two-state solution co-chaired by France and Saudi Arabia.

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U.S. President Donald Trump will travel to New York and address the general assembly on Sept. 23, the White House said on Thursday.

Canada, Britain, Australia and France in recent weeks have announced or signalled their intention to recognize a Palestinian state during the meeting.

The countries have said their recognition is conditional on the Palestinian Authority — which has limited self-rule over parts of the occupied West Bank and has for years been positioning itself as a legitimate government alternative to Hamas in Gaza — undergoing reforms and new elections.

Abbas has signalled he will co-operate with the Western nations’ demands.

The Palestinian Liberation Organization is an internationally recognized coalition that represents Palestinian people in its occupied territories and abroad.


Click to play video: '‘This madness cannot continue’: Palestinian president Abbas urges UN to end war in Gaza'


‘This madness cannot continue’: Palestinian president Abbas urges UN to end war in Gaza


The Trump administration has staunchly backed Israel’s military offensive in Gaza. The U.S. has also refused to condemn expanded Israeli settlements in the West Bank, which Canada and other allies have said undermine two-state solution efforts.

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Rubio hosted Israeli Foreign Minister Gideon Saar in Washington on Wednesday “to reaffirm our two nations’ close cooperation,” the U.S. secretary said in a post on X.

Saar, asked after the meeting what the plan was for a Palestinian state, said there would not be any.

The Israeli minister on Friday thanked Rubio for holding the PA and PLO “accountable for rewarding terrorism, incitement and efforts to use legal warfare against Israel” in a social media statement.


Officials with the Palestinian Authority reject that they’ve undermined peace prospects.

Under the 1947 UN “headquarters agreement,” the U.S. is generally required to allow access for foreign diplomats to the UN in New York. But Washington has said it can deny visas for security, terrorism and foreign policy reasons.

Hamas earlier this month said it had accepted a U.S.-backed proposal on a ceasefire in Gaza that would see the release of some hostages in exchange for talks with Israel that would end the conflict and see the return of all remaining hostages.

But Israel has said it will only accept the full return of all the hostages and has pressed ahead with a plan to occupy Gaza City, which international monitors like the UN have warned could worsen a famine already afflicting the Palestinian territory.

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Rubio last week announced sanctions against multiple International Criminal Court judges and prosecutors involved in the court’s investigation into Israel’s actions in Gaza and the issuing of arrest warrants against Israeli Prime Minister Benjamin Netanyahu and former defence minister Yoav Gallant.

—With files from Reuters

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Israel launches new offensive in Gaza, says remains of 2 hostages returned – National TenX News

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Gaza City is now a dangerous combat zone, Israel says, adding that it is in the “initial stages” of a planned offensive that has drawn international condemnation.

Israel’s military said it suspended midday pauses to fighting, which had allowed food and aid supplies to enter from 10 a.m. to 8 p.m. in Gaza’s largest city.

It also said it had recovered the body of a hostage and the remains of another, and vowed its military offensive would return more.

The shift comes weeks after Israel first announced plans to widen its offensive in Gaza City, where hundreds of thousands of displaced people are sheltering and enduring famine.


Click to play video: 'Israel’s military warns Palestinians that Gaza City evacuation is ‘inevitable’'


Israel’s military warns Palestinians that Gaza City evacuation is ‘inevitable’


 

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Father of hostage calls recovery operation a ‘bittersweet moment’
Israel’s recovery of more hostages Friday felt like a “stab in the stomach” for Rubi Chen, who believes his son is still in captivity in Gaza.

Israel said it had returned the body of one captive and the remains of another from Gaza Friday. It identified one as Ilan Weiss, a man killed in the initial Hamas attack.

“It’s a bittersweet moment that the Weiss family is reunited with their loved one, even though he’s coming back not as they would have wanted,” said Chen. “But at least they have closure … there are still 49 families waiting to have that closure.”

Chen said his family has received intelligence that his son did not survive the Oct. 7 attack but Hamas has not provided any information about his son’s whereabouts.

Netanyahu details hostage recovery operation

 

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The Israeli prime minister said the body of a dead Israeli and the remains of another were recovered following an operation in the Gaza Strip by Israeli forces and the country’s internal security service Shin Bet.

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Netanyahu said Friday one set of remains belongs to Ilan Weiss who was killed on Oct. 7, 2023 while defending Kibbutz Be’eri against attacking Hamas gunmen.

The remains of the second Israeli are now being examined for positive identification at the Institute of Forensic Medicine.

Weiss’ wife Shiri and daughter Noga, also kidnapped in the Hamas attack, were released from captivity in November 2023.

He has two other daughters.

The Israeli Hostages and Missing Families Forum said the return of all hostages remains the “highest national priority” and urged the Israeli government to enter into negotiations “and stay at the table until every last hostage comes home.”

Israeli military says attack on Gaza City will intensify

 

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A spokesman for the Israeli military says the country’s forces have started their attack on Gaza City which are operating “with great force” on the city’s outskirts.

Avichay Adraee, the Arabic-speaking spokesman for the Israeli Defense Forces, posted on X Friday that the military operation is in its initial phase, but that the Israeli military will “intensify our strikes” and “will not hesitate” until all Israeli hostages are returned and Hamas is dismantled “militarily and politically.”

Adraee said Israel is “not waiting” and is moving ahead with its attack against Hamas which has “transformed from a military organization into a defeated organization waging guerrilla warfare.”

The U.N.’s humanitarian agency said they were “deeply concerned” by the military’s statement that it would intensify its operation in Gaza City.

It predicted that the offensive would have a “horrific impact on people already exhausted, malnourished, bereaved, displaced, and deprived of basics needed for survival.”

It said UN and NGO teams would remain on the ground in Gaza City to provide life-saving support but maintained that its work would need to be facilitated.

Israel says hostage bodies recovered

 

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Prime Minister Benjamin Netanyahu’s office said in a statement that the body of Ilan Weiss of Kibbutz Be’eri and the remains of another unnamed hostage were returned to Israel.

“The campaign to return the hostages continues continuously. We will not rest or be silent until we return all of our hostages home — both the living and the dead,” Netanyahu said.

Israel on Friday said its military had recovered the bodies of two hostages, including an Israeli man who was killed in the Oct. 7, 2023, attack that sparked the war.

Of the 251 hostages taken by Hamas-led militants almost 22 months ago, roughly 50 remain in Gaza including 20 that Israel believes to be alive.


Click to play video: 'U.S., Israeli officials hold Gaza ceasefire talks'


U.S., Israeli officials hold Gaza ceasefire talks


Israeli military begins Gaza City offensive

 

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Israel declared Gaza’s largest city a dangerous combat zone and said it was in the ″initial stages″ of a planned offensive that has drawn international condemnation.

The suspension comes weeks after Israel first announced plans to widen its offensive in Gaza City, where hundreds of thousands of displaced people are sheltering and enduring famine.

440 people are now sheltering inside Gaza’s only Catholic church, spokesman says

 

A spokesman for Gaza’s only Catholic church said some 440 people who have taken shelter there had unanimously agreed to stay, despite word that Israel was preparing to mount a new military offensive in the Palestinian territory.

Farid Jubran told The Associated Press Friday that their decision to stay in Gaza City’s Holy Family Catholic Church was made of their own free will and “wasn’t imposed on the people.”

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He said five clergy have also stayed in the church to assist those sheltering that include women, children and older people.

But Jubran, who is currently outside of Gaza, said it’s “up to them” if they want to leave the church at some point later.

The spokesman said there are no additional measures that have been taken inside the church to bolster the safety of the people.

He said “when we feel danger, people get closer to the walls or whatever, it’s more protected” but that the church “doesn’t have any specific defenses.”


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