jilibet promotion
By JOSH BOAK WASHINGTON (AP) — Donald Trump loved to use tariffs on foreign goods during his first presidency. But their impact was barely noticeable in the overall economy, even if their aftershocks were clear in specific industries. The data show they never fully delivered on his promised factory jobs. Nor did they provoke the avalanche of inflation that critics feared. This time, though, his tariff threats might be different . The president-elect is talking about going much bigger — on a potential scale that creates more uncertainty about whether he’ll do what he says and what the consequences could be. “There’s going to be a lot more tariffs, I mean, he’s pretty clear,” said Michael Stumo, the CEO of Coalition for a Prosperous America, a group that has supported import taxes to help domestic manufacturing. The president-elect posted on social media Monday that on his first day in office he would impose 25% tariffs on all goods imported from Mexico and Canada until those countries satisfactorily stop illegal immigration and the flow of illegal drugs such as fentanyl into the United States. Those tariffs could essentially blow up the North American trade pact that Trump’s team negotiated during his initial term. Chinese imports would face additional tariffs of 10% until Beijing cracks down on the production of materials used in making fentanyl, Trump posted. Business groups were quick to warn about rapidly escalating inflation , while Mexican President Claudia Sheinbaum said she would counter the move with tariffs on U.S. products. House Democrats put together legislation to strip a president’s ability to unilaterally apply tariffs this drastic, warning that they would likely lead to higher prices for autos, shoes, housing and groceries. Sheinbaum said Wednesday that her administration is already working up a list of possible retaliatory tariffs “if the situation comes to that.” “The economy department is preparing it,” Sheinbaum said. “If there are tariffs, Mexico would increase tariffs, it is a technical task about what would also benefit Mexico,” she said, suggesting her country would impose targeted import duties on U.S. goods in sensitive areas. Related Articles House Democrats on Tuesday introduced a bill that would require congressional approval for a president to impose tariffs due to claims of a national emergency, a largely symbolic action given Republicans’ coming control of both the House and Senate. “This legislation would enable Congress to limit this sweeping emergency authority and put in place the necessary Congressional oversight before any president – Democrat or Republican – could indiscriminately raise costs on the American people through tariffs,” said Rep. Suzan DelBene, D-Wash. But for Trump, tariffs are now a tested tool that seems less politically controversial even if the mandate he received in November’s election largely involved restraining inflation. The tariffs he imposed on China in his first term were continued by President Joe Biden, a Democrat who even expanded tariffs and restrictions on the world’s second largest economy. Biden administration officials looked at removing Trump’s tariffs in order to bring down inflationary pressures, only to find they were unlikely to help significantly. Tariffs were “so new and unique that it freaked everybody out in 2017,” said Stumo, but they were ultimately somewhat modest. Trump imposed tariffs on solar panels and washing machines at the start of 2018, moves that might have pushed up prices in those sectors even though they also overlapped with plans to open washing machine plants in Tennessee and South Carolina. His administration also levied tariffs on steel and aluminum, including against allies. He then increased tariffs on China, leading to a trade conflict and a limited 2020 agreement that failed to produce the promised Chinese purchases of U.S. goods. Still, the dispute changed relations with China as more U.S. companies looked for alternative suppliers in other countries. Economic research also found the United States may have sacrificed some of its “soft power” as the Chinese population began to watch fewer American movies. The Federal Reserve kept inflation roughly on target, but factory construction spending never jumped in a way that suggested a lasting gain in manufacturing jobs. Separate economic research found the tariff war with China did nothing economically for the communities hurt by offshoring, but it did help Trump and Republicans in those communities politically. When Trump first became president in 2017, the federal government collected $34.6 billion in customs, duties and fees. That sum more than doubled under Trump to $70.8 billion in 2019, according to Office of Management and Budget records. While that sum might seem meaningful, it was relatively small compared to the overall economy. America’s gross domestic product is now $29.3 trillion, according to the Bureau of Economic Analysis. The total tariffs collected in the United States would equal less than 0.3% of GDP. The new tariffs being floated by Trump now are dramatically larger and there could be far more significant impacts. If Mexico, Canada, and China faced the additional tariffs proposed by Trump on all goods imported to the United States, that could be roughly equal to $266 billion in tax collections, a number that does not assume any disruptions in trade or retaliatory moves by other countries. The cost of those taxes would likely be borne by U.S. families, importers and domestic and foreign companies in the form of higher prices or lower profits. Former Biden administration officials said they worried that companies could piggyback on Trump’s tariffs — if they’re imposed — as a rationale to raise their prices, just as many companies after Russia’s invasion of Ukraine in 2022 boosted food and energy costs and gave several major companies the space to raise prices, according to their own earnings calls with investors. But what Trump didn’t really spell out is what might cause him to back down on tariffs and declare a victory. What he is creating instead with his tariff threats is a sense of uncertainty as companies and countries await the details to figure out what all of this could mean. “We know the key economic policy priorities of the incoming Trump administration, but we don’t know how or when they will be addressed,” said Greg Daco, chief U.S. economist at EY-Parthenon. AP writer Mark Stevenson contributed to this report from Mexico City.When it comes to investing in Canada, there might not be a better, more popular stock to own both for passive income and long-term growth potential than ( ). Enbridge is a massive energy giant with a of more than $130 billion and essential operations that serve North America. In fact, among other assets, Enbridge stock operates the largest liquid pipeline system in North America, transporting nearly a third of all the oil produced. It also transports roughly 20% of all the natural gas consumed in the U.S. Moreover, on top of its traditional energy assets, Enbridge continues to invest in building up its exposure to renewable energy. For example, it currently owns 23 wind farms, 14 solar energy facilities and much more. So, let’s look at how Enbridge is performing today and where the stock can be in three years to determine if it’s worth an investment right now. Where will Enbridge stock be in three years? One of the main reasons why Enbridge is such a high-quality stock and such a popular investment among Canadians is due to the low-risk nature of its operations and the fact that it’s consistently growing. Enbridge’s operations generate enough cash flow not only to continue increasing its dividend each year but also to continue investing in future growth. It believes its low-risk cash flow growth is ideal for supporting consistent dividend growth and aims to increase the dividend annually while keeping its payout ratio at 60% to 70% of its distributable cash flow. Furthermore, because its operations are essential and Enbridge mitigates as much risk as possible, it now has a lengthy track record of consistency with 29 straight years of dividend increases. In fact, Enbridge generates 98% of its (EBITDA) from cost-of-service or contracted assets, significantly reducing the dividend stock’s exposure to volatile commodity prices. This stability is further supported by protections on 80% of its cash flow through regulated revenues and long-term contracts, ensuring predictable income even during market fluctuations. These risk-mitigating measures allow Enbridge stock to earn billions in cash flow each year. In fact, Enbridge has distributed $34 billion in to investors in just the last five years. Furthermore, over the next five years, it expects to pay out over $40 billion as it continues to increase its dividends annually. How will the energy giant achieve its growth targets? To consistently increase its revenue, cash flow, earnings and, most importantly, the dividend is no small feat. In fact, Enbridge stock consistently has multiple growth projects that it’s either proposing or constructing to ensure the continuous expansion of its operations over the long haul. For example, the Orange Grove Solar Project, a 130-megawatt (MW) solar facility in Texas, is currently under construction and expected to be operational by mid-2025. Similarly, the Ingleside Phase 7 Tank Expansion Project in Texas began construction in September 2024. It will add another five 495,000-barrel crude oil tanks, with the first tank anticipated to be in service by late 2025. Not to mention, Enbridge has several projects proposed or under review, such as the Aspen Point Program, which aims to expand its BC Pipeline to increase natural gas capacity by 2026. It’s also in the midst of its current capital plan, where Enbridge has been targeting 7% to 9% annual increases to its EBITDA from 2023 through 2026. Furthermore, after 2026, Enbridge stock expects to increase its EBITDA by 5% per year from a combination of organic growth, small, tuck-in acquisitions and cost savings and optimizations. These estimates are roughly right in line with what analysts are expecting. In fact, over the next three years, analysts expect Enbridge to grow its EBITDA at a of 7.3% So, when you consider Enbridge’s reliability combined with its consistent growth potential, it’s undoubtedly one of the best stocks in Canada. Plus, its current dividend yield of just over 6% is in line with its 10-year average yield. Therefore, with interest rates still declining and one of the best dividend stocks in Canada still trading at a compelling valuation, there’s no question that Enbridge is one of the best stocks to buy, not just for the next three years, but to hold for decades to come.
No. 2 Ohio State takes control in the 2nd half and runs over No. 5 Indiana 38-15 COLUMBUS, Ohio (AP) — Will Howard passed for two touchdowns and rushed for another, TreVeyon Henderson ran for a score and No. 2 Ohio State beat previously undefeated No. 5 Indiana 38-15. All Ohio State has to do now is beat Michigan at home next Saturday and it will earn a return to the Big Ten championship game for the first time since 2020 and get a rematch with No. 1 Oregon. The Ducks beat Ohio State 32-31 in a wild one back on Oct. 12. Man City routed 4-0 by Tottenham in fifth-straight defeat as crisis deepens for Pep Guardiola What started as an evening of celebration for Manchester City ended with the four-time defending Premier League champion falling to a fifth-straight loss in all competitions and facing a deepening crisis in a season that is threatening to unravel. A 4-0 defeat to Tottenham left City five points behind league leader Liverpool, having played a game more. Two goals from James Maddison inside 20 minutes at the Etihad Stadium stunned the home crowd. Pedro Porro scored a third for Tottenham after halftime. Brennan Johnson added a fourth in the third minute of stoppage time. City manager Pep Guardiola signed a two-year contract extension this week. Chelsea, Arsenal and Brighton all won and closed the gap on Liverpool to six points. Florida knocks No. 9 Ole Miss out of College Football Playoff contention, 24-17 in the Swamp GAINESVILLE, Fla. (AP) — DJ Lagway threw two touchdown passes, Montrell Johnson ran for 127 yards and a score, and Florida upset No. 9 Mississippi 24-17 on Saturday to knock the Rebels out of College Football Playoff contention. The Gators beat ranked teams in consecutive weeks for the first time since 2008 and became bowl eligible. The late-season spurt provided another vote of confidence for coach Billy Napier, who is expected back for a fourth season. Ole Miss lost for the first time in four games and surely will drop out of the 12-team playoff picture. Jennings has 3 TDs as No. 13 SMU routs Virginia 33-7 to clinch a spot in the ACC title game CHARLOTTESVILLE, Va. (AP) — Kevin Jennings threw for a career-high 323 yards and two touchdowns and ran for another, and No. 13 SMU clinched a spot in the Atlantic Coast Conference championship game by routing Virginia 33-7. Isaiah Smith and Jared Harrison-Hunte each had two sacks to help the Mustangs extend their winning streak to eight. They would earn an automatic bid into the expanded College Football Playoff by beating 11th-ranked Miami or 17th-ranked Clemson in the ACC title game on Dec. 7 in Charlotte, North Carolina. UVa must beat rival Virginia Tech next week to become bowl eligible. No. 11 Miami pulls away late to beat Wake Forest 42-14 and move one win from the ACC title game MIAMI GARDENS, Fla. (AP) — Cam Ward passed for 280 yards and threw two touchdowns to Jacolby George on another record-breaking day, Mishael Powell ran an interception back 76 yards for a touchdown and No. 11 Miami pulled away late to beat Wake Forest 42-14. The 10-1 Hurricanes can clinch a berth in the ACC title game with a win at Syracuse next weekend. Ward completed 27 of 38 passes, plus ran for a score. Demond Claiborne had a 100-yard kickoff return for a touchdown for 4-7 Wake Forest. No. 24 Illinois stuns Rutgers on Bryant's 40-yard TD reception with 4 seconds left PISCATAWAY, N.J. (AP) — Luke Altmyer found Pat Bryant for a catch-and-run, 40-yard touchdown pass with 4 seconds left, sending No. 24 Illinois to a wild 38-31 victory over Rutgers. Illinois was down 31-30 when it sent long kicker Ethan Moczulski out for a desperation 58-yard field goal with 14 seconds to go. Rutgers coach Greg Schiano then called for a timeout right before Moczulski’s attempt was wide left and about 15 yards short. After the missed field goal was waved off by the timeout, Illinois coach Bret Bielema sent his offense back on the field. Altmyer hit Bryant on an in cut on the left side at the 22, and he continued across the field and scored untouched. Hidalgo leads No. 6 Notre Dame over JuJu Watkins and third-ranked USC 74-61 in big matchup out West LOS ANGELES (AP) — Hannah Hidalgo scored 24 points and No. 6 Notre Dame defeated JuJu Watkins and third-ranked Southern California 74-61 in a marquee matchup on the West Coast. Hidalgo had six rebounds and eight assists in front of several WNBA scouts. Olivia Miles added 20 points for the Fighting Irish, who improved to 5-0. Watkins finished with 24 points, six rebounds and five assists for the Trojans, who fell to 4-1. The Irish came out strong, taking a 20-10 lead in the first quarter, when Hidalgo had 11 points. They never looked back and stayed poised when USC came within three points three different times. Andy Murray will coach Novak Djokovic through the Australian Open Recently retired Andy Murray will team up with Novak Djokovic, working with him as a coach through the Australian Open in January. Murray’s representatives put out statements from both players on Saturday. Djokovic is a 24-time Grand Slam champion who has spent more weeks at No. 1 than any other player in tennis history. Murray won three major trophies and two Olympic singles gold medals who finished 2016 atop the ATP rankings. He retired as a player after the Paris Summer Games in August. Jannik Sinner and Matteo Berrettini lift Italy past Australia and back to the Davis Cup final MALAGA, Spain (AP) — Top-ranked Jannik Sinner and Matteo Berrettini won their singles matches to lift defending champion Italy past Australia 2-0 and back into the Davis Cup final. Sinner extended his tour-level winning streak to 24 sets in a row by beating No. 9 Alex de Minaur 6-3, 6-4 on Saturday on an indoor hard court in Malaga, Spain. That came after Berrettini came back to defeat Thanasi Kokkinakis 6-7 (6), 6-3, 7-5. Italy will meet first-time finalist Netherlands on Sunday for the title. The Dutch followed up their victory over Rafael Nadal and Spain in the quarterfinals by eliminating Germany on Friday. Argentina's Racing wins its first Copa Sudamericana championship by beating Brazil's Cruzeiro 3-1 ASUNCION, Paraguay (AP) — Gaston Martirena and Adrian Martinez scored first-half goals as Argentina’s Racing won its first Copa Sudamericana championship by beating Brazil’s Cruzeiro 3-1 in the final on Saturday. Martirena opened the scoring in the 15th minute and Martinez added a goal five minutes later to help give “La Academia” its first international title since 1988 when it won the Supercopa Sudamericana. Roger Martinez sealed the victory with a goal in the 90th. “Maravilla” Martinez scored 10 goals in 13 matches and finished as the top scorer in the competition. Kaio Jorge scored in the 52nd for Cruzeiro.Inter Milan, under the guidance of Antonio Conte, have also been a force to be reckoned with. The Italian giants have shown great resilience and tactical acumen in their league campaign, as they push for the Serie A title. With Romelu Lukaku leading the line and the creative talents of Nicolo Barella and Lautaro Martinez, Inter have proven themselves as one of the top teams in Europe.
None
Let us honor the memory of the singer by learning from this unfortunate event and working towards a safer and more responsible approach to massage therapy for the well-being of all.Spain hits budget airlines with £150m fine
MEMPHIS, Tenn. , Nov. 27, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or "First Horizon") is pleased to announce the naming of Tyler Craft as Head of Investor Relations, effective January 1, 2025 . Craft will succeed Natalie Flanders as Head of Investor Relations, reporting to Chief Financial Officer Hope Dmuchowski . In this role, he will manage relationships with investors and articulate First Horizon's financial vision and strategy. Currently serving as Director of Transformation - Fintech and Emerging Technology, Craft has been instrumental in advancing the company's fintech initiatives, leading ventures in robotic process automation, artificial intelligence and fraud prevention enhancements. Throughout his 14-year tenure with the organization, he has held numerous positions, played a lead role in the company's 2023 Investor Day and has made key contributions to major integrations. Prior to First Horizon, he was the Director of Product at Capital Bank, leading finance-related functions and overseeing the bank's ALLL and loan valuation modeling, in addition to his involvement in multiple mergers. "Tyler will do an exceptional job leading our investor relations efforts," said Hope Dmuchowski , Chief Financial Officer for First Horizon. "His experience in the financial services industry and tenure with our organization make him an invaluable resource to our investors, executive leadership team and our board of directors as we remain focused on delivering long-term shareholder value." Flanders will join the Risk Organization as Director of Credit & Financial Risk. Dmuchowski commented, "Natalie took on this role at a very critical time and has done an exceptional job over the last 18 months re-engaging with investors and strengthening our investor relations strategy. As she has in each role she has served, Natalie will continue to be a tremendous asset to the organization and in her leadership role within our risk management organization." About First Horizon First Horizon Corp. (NYSE: FHN), with $82.6 billion in assets as of September 30, 2024 , is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN , the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/first-horizon-names-new-head-of-investor-relations-302317921.html SOURCE First Horizon Corporation
The recent drop in oil prices to a new low for the year has brought relief to consumers, who are likely to benefit from lower fuel costs. This development is especially welcome during the holiday season, as it can potentially lead to decreased transportation costs for individuals and businesses alike. Lower oil prices could also translate into lower prices for a variety of goods and services, as transportation and energy costs are key components in the production and distribution of goods.Sarita Fadnavis, BJP leader Devendra Fadnavis's mother, on Saturday said her son is a "favourite" of Prime Minister Narendra Modi and everyone in the BJP wants him to become the next chief minister of Maharashtra. Speaking to reporters in Nagpur as the ruling coalition was on its way to win a massive victory in the assembly elections, she said her son, currently a deputy chief minister, knows how to overcome challenges. "Everyone in the party wants him to become the next chief minister. It is evident that others also wish that he takes on that role. He is indeed a favourite of prime minister Narendra Modi who regards him as a son," Sarita Fadnavis said. Her son's tireless work and people's love for him brought this victory, she said. Asked about the Opposition targeting her son over the last two years, she said, "This is precisely why he described himself as the Abhimanyu of modern times. He understands how to navigate his way through the challenges he faces." Fadnavis's political stock has soared after Saturday's results as the BJP has put up its best-ever performance in these elections. He was the chief minister of the state from 2014 to 2019. His father, late Gangadhar Fadnavis, was a leader of the Jan Sangh and later the BJP. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
The Israeli military's operation to decimate Syrian air defense capabilities is a significant escalation in the already tense and volatile region. The airstrikes have been described as surgical and precise, with Israeli warplanes striking with deadly accuracy at key military installations, radar sites, and missile batteries.
( MENAFN - IANS) Chandigarh, Dec 30 (IANS) Farmers have announced a 'Punjab Bandh' on Monday leading to the expected closure of all shops across the state and disruptions in road and rail services. However, emergency services will continue to operate. There will also be no supply of milk, fruits, and vegetables until the protest ends on Monday evening as several trade organisations lent their support to the bandh. "Farmer union leaders will enforce a chakka jam on roads and rail lines from 7 a.m. to 4 p.m. government and private institutions are requested to stay closed. Only emergency vehicles, such as ambulances, marriage vehicles, or anyone in a dire emergency, will be allowed to pass," reports quoted a senior farm leader as saying. The decision to give a call for a 'Punjab bandh' was taken last week by the Samyukta Kisan Morcha (Non-political) and Kisan Mazdoor Morcha (KMM). Sarwan Singh Pandher -- who happens to be the coordinator of both forums -- said traders, transporters, employees unions, toll plaza workers, labour, ex-servicemen, Sarpanches and teachers' unions, social and other bodies, and some other sections have lent their support to the bandh. Farmers under the banner of SKM (Non-Political) and KMM have been camping at Shambhu and Khanauri border points between Punjab and Haryana since February 13 after their march to Delhi was stopped by security forces. With Jagjit Singh Dallewal's indefinite hunger strike entering its 34th day on Sunday, farmer leaders at Khanauri said they have been following the Gandhian way to continue their protest and it is up to the government to decide whether it wants to use force to evict their senior leader. He further said the farmers wanted to make it clear that whatever situation arises the responsibility will lie with the Centre and the constitutional bodies. Rail movement and road traffic will remain closed on Monday. In support of the farmers' Bandh call, bus services in Punjab will remain suspended on Monday. While the PRTC bus services will be shut for four hours, from 10 a.m. to 2 p.m., the private bus operators have announced their full support, thus declaring the suspension of services across the state from 7 a.m. to 4 p.m. on Monday. Besides a legal guarantee on the MSP for crops, the farmers are demanding a debt waiver, pension for farmers and farm labourers, no hike in the electricity tariff, withdrawal of police cases and "justice" for the victims of the 2021 Lakhimpur Kheri violence. Reinstatement of the Land Acquisition Act, 2013 and compensation to the families of the farmers who died during a previous agitation in 2020-21 are also part of their demands. This bandh, the farmer leader said, will force the Centre to accept the demands of farmers. He slammed the Union government for failing to accept the demands of farmers. Farmers under the banner of SKM (Non-Political) and KMM have been camping at Shambhu and Khanauri border points between Punjab and Haryana since February 13 after security forces stopped their march to Delhi. A "jatha" (group) of 101 farmers made three attempts to enter Delhi on foot on December 6, December 8, and again on December 14. Security personnel in Haryana prevented them from proceeding. There will be a complete bandh on December 30, farmer leader Sarwan Singh Pandher said. However, emergency services will remain operational. Punjab farmer leader Sarwan Singh Pandher said the call for a 'Punjab bandh' on December 30 is getting good support from various sections. The decision to give a call for a 'Punjab bandh' was taken last week by the Samyukta Kisan Morcha (Non-political) and Kisan Mazdoor Morcha. To ensure the success of the bandh, SKM (Non-political) and KMM convened a meeting of transporters, employees, traders and others at the Khanauri protest site last Thursday. MENAFN29122024000231011071ID1109040128 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
AP Sports SummaryBrief at 6:24 p.m. EST
The plot of "The Accidental Killing 3" remains shrouded in mystery, with only a few tantalizing details released so far. However, with YIN Ziwei on board, expectations for the film are higher than ever, with many speculating on the character he will portray and the impact he will have on the storyline.
By JOSH BOAK WASHINGTON (AP) — Donald Trump loved to use tariffs on foreign goods during his first presidency. But their impact was barely noticeable in the overall economy, even if their aftershocks were clear in specific industries. The data show they never fully delivered on his promised factory jobs. Nor did they provoke the avalanche of inflation that critics feared. This time, though, his tariff threats might be different . The president-elect is talking about going much bigger — on a potential scale that creates more uncertainty about whether he’ll do what he says and what the consequences could be. “There’s going to be a lot more tariffs, I mean, he’s pretty clear,” said Michael Stumo, the CEO of Coalition for a Prosperous America, a group that has supported import taxes to help domestic manufacturing. The president-elect posted on social media Monday that on his first day in office he would impose 25% tariffs on all goods imported from Mexico and Canada until those countries satisfactorily stop illegal immigration and the flow of illegal drugs such as fentanyl into the United States. Those tariffs could essentially blow up the North American trade pact that Trump’s team negotiated during his initial term. Chinese imports would face additional tariffs of 10% until Beijing cracks down on the production of materials used in making fentanyl, Trump posted. Business groups were quick to warn about rapidly escalating inflation , while Mexican President Claudia Sheinbaum said she would counter the move with tariffs on U.S. products. House Democrats put together legislation to strip a president’s ability to unilaterally apply tariffs this drastic, warning that they would likely lead to higher prices for autos, shoes, housing and groceries. Sheinbaum said Wednesday that her administration is already working up a list of possible retaliatory tariffs “if the situation comes to that.” “The economy department is preparing it,” Sheinbaum said. “If there are tariffs, Mexico would increase tariffs, it is a technical task about what would also benefit Mexico,” she said, suggesting her country would impose targeted import duties on U.S. goods in sensitive areas. House Democrats on Tuesday introduced a bill that would require congressional approval for a president to impose tariffs due to claims of a national emergency, a largely symbolic action given Republicans’ coming control of both the House and Senate. “This legislation would enable Congress to limit this sweeping emergency authority and put in place the necessary Congressional oversight before any president – Democrat or Republican – could indiscriminately raise costs on the American people through tariffs,” said Rep. Suzan DelBene, D-Wash. But for Trump, tariffs are now a tested tool that seems less politically controversial even if the mandate he received in November’s election largely involved restraining inflation. The tariffs he imposed on China in his first term were continued by President Joe Biden, a Democrat who even expanded tariffs and restrictions on the world’s second largest economy. Biden administration officials looked at removing Trump’s tariffs in order to bring down inflationary pressures, only to find they were unlikely to help significantly. Tariffs were “so new and unique that it freaked everybody out in 2017,” said Stumo, but they were ultimately somewhat modest. Trump imposed tariffs on solar panels and washing machines at the start of 2018, moves that might have pushed up prices in those sectors even though they also overlapped with plans to open washing machine plants in Tennessee and South Carolina. His administration also levied tariffs on steel and aluminum, including against allies. He then increased tariffs on China, leading to a trade conflict and a limited 2020 agreement that failed to produce the promised Chinese purchases of U.S. goods. Still, the dispute changed relations with China as more U.S. companies looked for alternative suppliers in other countries. Economic research also found the United States may have sacrificed some of its “soft power” as the Chinese population began to watch fewer American movies. The Federal Reserve kept inflation roughly on target, but factory construction spending never jumped in a way that suggested a lasting gain in manufacturing jobs. Separate economic research found the tariff war with China did nothing economically for the communities hurt by offshoring, but it did help Trump and Republicans in those communities politically. When Trump first became president in 2017, the federal government collected $34.6 billion in customs, duties and fees. That sum more than doubled under Trump to $70.8 billion in 2019, according to Office of Management and Budget records. While that sum might seem meaningful, it was relatively small compared to the overall economy. America’s gross domestic product is now $29.3 trillion, according to the Bureau of Economic Analysis. The total tariffs collected in the United States would equal less than 0.3% of GDP. The new tariffs being floated by Trump now are dramatically larger and there could be far more significant impacts. If Mexico, Canada, and China faced the additional tariffs proposed by Trump on all goods imported to the United States, that could be roughly equal to $266 billion in tax collections, a number that does not assume any disruptions in trade or retaliatory moves by other countries. The cost of those taxes would likely be borne by U.S. families, importers and domestic and foreign companies in the form of higher prices or lower profits. Former Biden administration officials said they worried that companies could piggyback on Trump’s tariffs — if they’re imposed — as a rationale to raise their prices, just as many companies after Russia’s invasion of Ukraine in 2022 boosted food and energy costs and gave several major companies the space to raise prices, according to their own earnings calls with investors. But what Trump didn’t really spell out is what might cause him to back down on tariffs and declare a victory. What he is creating instead with his tariff threats is a sense of uncertainty as companies and countries await the details to figure out what all of this could mean. “We know the key economic policy priorities of the incoming Trump administration, but we don’t know how or when they will be addressed,” said Greg Daco, chief U.S. economist at EY-Parthenon. AP writer Mark Stevenson contributed to this report from Mexico City.
On September 9th, a one-day trip turned into a nightmare for an elderly woman who fell victim to a fraudulent travel scam. The unfortunate incident unfolded when Mrs. Zhang, a retired teacher in her late 70s, decided to treat herself to a day of leisure by signing up for a discounted tour package she found online. Little did she know that her excitement for a peaceful day out would soon turn into a distressing ordeal.
ITTA BENA, Miss. (AP) — Cornelious Brown IV threw five touchdown passes, Donovan Eaglin ran for 105 yards and two scores, and Alabama A&M defeated Mississippi Valley State 49-35 on Saturday. The Bulldogs scored 21 points in the third quarter to break free from a 28-all tie at halftime. All three touchdowns came on passes by Brown. He hit DJ Nelson for 35 yards, Donovan Payne for 9 yards, and Keenan Hambrick for 13 yards. Alabama A&M led 49-28 heading to the final quarter. Donivan Wright caught Brown's two other TD passes. He was the Bulldogs' leading receiver with 79 yards among their team total of 296. Brown completed 19 of 28 passes for 252 yards for the Bulldogs (6-5, 4-3 SWAC). Ty’Jarian Williams was 12 for 28 passing for 275 yards for the Delta Devils (1-11, 1-7). He threw two TD passes and was intercepted twice. Nathan Rembert had 107 yards receiving and a touchdown on five receptions. There were five touchdowns in the second quarter and the score was tied three times before the Bulldogs blew it open in the third quarter. __ Get alerts on the latest AP Top 25 poll throughout the season. Sign up here AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football