Trump threatens Japan with new tariffs, claiming it won't buy America's rice

Main Image

<p>-

  • Trump threatens Japan with new tariffs, claiming it won't buy America's rice</p>

<p>Elisabeth Buchwald, CNNJuly 1, 2025 at 5:40 AM</p>

<p>President Donald Trump said Monday that Japan "won't take" rice from the United States, prompting him to threaten higher tariffs. - Bill & Brigitte Clough/Design Pics Editorial/Universal Images Group/Getty Images</p>

<p>President Donald Trump is threatening to impose higher tariffs on Japanese exports to the United States over what he claims is the country's unwillingness to buy American-grown rice.</p>

<p>"They won't take our RICE, and yet they have a massive rice shortage. In other words, we'll just be sending them a letter, and we love having them as a Trading Partner for many years to come," Trump said in a post on Truth Social.</p>

<p>Trump's claim that Japan "won't take" rice from the US isn't true. The country bought $298 million worth of rice from the US last year, according to US Census Bureau trade data. Between January and April of this year, Japan bought $114 million worth of rice.</p>

<p>However, it's unclear if Japanese officials involved in ongoing trade negotiations between the two countries have said they will stop buying rice from the US in the future. On Tuesday, Chief Cabinet Secretary Yoshimasa Hayashi said that trade talks between the two sides are ongoing, and that the Japanese government is aware of Trump's claim, though he declined to comment on it.</p>

<p>"While we refrain from disclosing the specifics of our discussions with the US, Japan will continue to vigorously pursue sincere and honest discussions with the aim of achieving an agreement that will benefit both Japan and the US," he said.</p>

<p>A 2021 report published by the Office of the United States Trade Representative under former President Joe Biden stated that "Japan's highly regulated and nontransparent system of importation and distribution for rice limits the ability of US exporters to have meaningful access to Japan's consumers." A source familiar with Trump's thinking told CNN that's what he was referring to in his post.</p>

<p>Trump has said recently that his administration plans to send some foreign countries letters advising them of what their new tariff rates could be, following the pause of his April "reciprocal" tariffs on US trading partners.</p>

<p>And in a Fox News interview that aired on Sunday, Trump singled out Japan as one of the possible countries set to receive a letter.</p>

<p>"Dear Mr. Japan, here's the story: You're going to pay a 25% tariff on your cars," he said.</p>

<p>Trump's Truth Social message comes with just days to go until the July 9 deadline when his 90-day pause on those "reciprocal" tariffs expires. It's unclear what will happen to tariff rates for the dozens of impacted countries.</p>

<p>Before Trump announced the pause, Japanese exports were briefly subjected to a minimum tariff rate of 24%. Since the pause went in effect, they've been subject to the universal 10% rate.</p>

<p>White House National Economic Council Director Kevin Hassett on Monday suggested that negotiations with Japan are ongoing.</p>

<p>"Nothing is over," Hassett told reporters at the White House. "I know what he just posted, but there'll still be discussions right up till the end. Even if we get a framework, then there's still gonna be things to finalize."</p>

<p>This story has been with the comment of the Japanese government.</p>

<p>CNN's Yumi Asada and John Liu contributed reporting.</p>

<p>For more CNN news and newsletters create an account at CNN.com</p>

Read original article


Source: AOL Money

Читать на сайте


Source: AsherMag

Full Article on Source: Astro Blog

#LALifestyle #USCelebrities

Trump threatens Japan with new tariffs, claiming it won’t buy America’s rice

<p>- Trump threatens Japan with new tariffs, claiming it won't buy America's rice</p> <p>Eli...

Japanese manufacturers are slightly more optimistic despite Trump tariff worries

Main Image

<p>-

  • Japanese manufacturers are slightly more optimistic despite Trump tariff worries</p>

<p>YURI KAGEYAMA July 1, 2025 at 4:15 AM</p>

<p>FILE - The headquarters of Bank of Japan (BOJ) is seen in Tokyo, on Aug. 18, 2023. (AP Photo/Shuji Kajiyama, File)</p>

<p>TOKYO (AP) — Business sentiment among large Japanese manufacturers has improved slightly, according to a survey by Japan's central bank released Tuesday, although worries persist over President Donald Trump's tariffs.</p>

<p>The Bank of Japan's quarterly tankan survey said an index for large manufacturers rose to plus 13 from plus 12 in March, when it marked the first dip in a year. The survey is an indicator of companies foreseeing good conditions minus those feeling pessimistic.</p>

<p>Major manufacturers include auto and electronics sectors, whose exports to the U.S. drive the Japanese economy.</p>

<p>U.S. auto tariffs are a worry for major manufacturers like Toyota Motor Corp., but some analysts note global auto sales have held up relatively well in recent months.</p>

<p>The U.S. has imposed 25% tariffs on auto imports. Japanese automakers have plants in Mexico, where President Donald Trump has announced a separate set of tariffs. The U.S. has also imposed 50% tariffs on steel and aluminum.</p>

<p>Japanese officials have been talking frequently with the Trump administration, stressing that Japan is a key U.S. ally.</p>

<p>Trump posted on his social media site Monday that Japan wasn't buying enough rice from the U.S. "They won't take our RICE, and yet they have a massive rice shortage," the president wrote, adding that a letter to Japan was coming.</p>

<p>Also on Monday, National Economic Council director Kevin Hassett told reporters at the White House that Trump "is going to finalize the frameworks we negotiated with a whole bunch of countries after the weekend."</p>

<p>The Bank of Japan, which has kept interest rates extremely low for years to encourage growth, is expected to continue to raise interest rates, but some analysts expect that to wait until next year.</p>

<p>The central bank raised its benchmark rate to 0.5% from 0.1% at the start of this year and has maintained that rate. The next Bank of Japan monetary policy board meeting is at the end of this month. The tankan findings work as important data in weighing a decision.</p>

<p>The weak yen has raised the cost of materials for Japan at a time when the U.S. dollar has been trading at around 140 yen, up considerably from about 110 yen five years ago. A weak yen is a boon for Japan's exporters by boosting the value of their earnings when converted into yen.</p>

<p>The tankan showed sentiment for large non-manufacturers fell to plus 34 from plus 35. That was better than some forecasts, which projected a deeper decline.</p>

<p>The Japanese government reported last week that the nation's unemployment rate in May stood at 2.5%, unchanged from the previous month.</p>

<p>___</p>

<p>Yuri Kageyama is on Threads: https://ift.tt/oN9ikw7>

Read original article


Source: AOL General News

Читать на сайте


Source: AsherMag

Full Article on Source: Astro Blog

#LALifestyle #USCelebrities

Japanese manufacturers are slightly more optimistic despite Trump tariff worries

<p>- Japanese manufacturers are slightly more optimistic despite Trump tariff worries</p> <p>YURI KA...

Photos at Canfield Mountain, Idaho, where firefighters came under deadly attack

Main Image

<p>-

  • Photos at Canfield Mountain, Idaho, where firefighters came under deadly attack</p>

<p>July 1, 2025 at 4:17 AM</p>

<p>1 / 10APTOPIX Idaho Firefighters ShotSmoke fills the air the day after a shooter ambushed and killed multiple firefighters responding to a wildfire at Canfield Mountain Monday, June 30, 2025, in Coeur D'Alene, Idaho. (AP Photo/Lindsey Wasson)</p>

<p>COEUR D'ALENE, Idaho (AP) — Smoke continued to fill the air at Canfield Mountain after a shooter killed firefighters responding to a wildfire in Coeur D'Alene, Idaho. The town held a procession in honor of the two crew members who died.</p>

<p>This is a photo gallery curated by AP photo editors.</p>

Read original article


Source: AOL General News

Читать на сайте


Source: AsherMag

Full Article on Source: Astro Blog

#LALifestyle #USCelebrities

Photos at Canfield Mountain, Idaho, where firefighters came under deadly attack

<p>- Photos at Canfield Mountain, Idaho, where firefighters came under deadly attack</p> <p>July 1, ...

What to know about Kohberger agreeing to plead guilty to murdering 4 University of Idaho students

Main Image

<p>-

  • What to know about Kohberger agreeing to plead guilty to murdering 4 University of Idaho students</p>

<p>July 1, 2025 at 5:21 AM</p>

<p>1 / 4University of Idaho Students KilledFILE - Bryan Kohberger, the man accused of fatally stabbing four University of Idaho students, is escorted into court for a hearing in Latah County District Court, Sept. 13, 2023, in Moscow, Idaho. (AP Photo/Ted S. Warren, Pool, File)</p>

<p>BOISE, Idaho (AP) — Bryan Kohberger has agreed to plead guilty to murder in the stabbing deaths of four University of Idaho students as part of a deal to avoid the death penalty, an attorney for one victim's family said Monday.</p>

<p>Here's what to know about the case and the recent developments:</p>

<p>Who were the victims and who is the suspect?</p>

<p>Kohberger, 30, is accused in the deaths of Kaylee Goncalves, Ethan Chapin, Xana Kernodle and Madison Mogen at a home near campus in Moscow, Idaho, on Nov. 13, 2022. Autopsies showed the four were all likely asleep when they were attacked, some had defensive wounds and each was stabbed multiple times.</p>

<p>Kohberger, then a criminal justice graduate student at nearby Washington State University, was arrested in Pennsylvania weeks after the killings. Investigators said they matched his DNA to genetic material recovered from a knife sheath found at the crime scene.</p>

<p>What has happened so far in the case?</p>

<p>Kohberger has been charged with four counts of murder in the stabbings. Prosecutors intend to seek the death penalty if he is convicted.</p>

<p>When initially asked to enter a plea in 2023, Kohberger stood silent, prompting the judge to enter a not-guilty plea on his behalf.</p>

<p>The northern Idaho farming community of about 25,000 people was rocked by the killings and hadn't seen a homicide in about five years. The trial was scheduled to move to Boise after the defense expressed concerns that Kohberger couldn't get a fair trial where the killings occurred.</p>

<p>What do we know about the plea deal?</p>

<p>Kohberger's trial was set to start in August and was expected to last more than three months. An attorney for the family of Goncalves confirmed that families of the victims received news of the plea deal in a letter from prosecutors Monday.</p>

<p>"We are beyond furious at the State of Idaho," Goncalves' family wrote in a Facebook post. "They have failed us. Please give us some time. This was very unexpected."</p>

<p>In the letter to families, obtained by ABC News, prosecutors said Kohberger's lawyers approached them seeking a plea deal. The defense team had previously tried but failed to have the death penalty stricken as a possible punishment, including arguing that Kohberger's autism diagnosis made him less culpable.</p>

<p>The prosecutors said they met with available family members last week, including some members of the Goncalves family, before deciding to make Kohberger an offer.</p>

<p>"This resolution is our sincere attempt to seek justice for your family," the letter said. "This agreement ensures that the defendant will be convicted, will spend the rest of his life in prison, and will not be able to put you and the other families through the uncertainty of decades of post-conviction, appeals. Your viewpoints weighed heavily in our decision-making process, and we hope that you may come to appreciate why we believe this resolution is in the best interest of justice."</p>

<p>What did prosecutors plan to show at trial?</p>

<p>Court filings have shown that prosecutors intended to introduce evidence including Kohberger's "click history" at Amazon.com with the purchased of a Ka-Bar knife — a military-style, fixed-blade knife — along with a sheath and sharpener months before the killings. A Ka-Bar knife sheath was found next to one of the victims.</p>

<p>Prosecutors had also said they also intended to introduce what appears to be a self-portrait Kohberger took on his phone just hours after the killings. In it, he is smiling and giving a thumbs-up gesture.</p>

<p>A roommate who was in the home that morning, sleeping and intoxicated, told police she woke up and saw a man she didn't know — someone with "bushy eyebrows" who was wearing a face mask, prosecutors have said.</p>

<p>No motive has emerged for the killings, nor is it clear why the attacker spared two roommates who were in the home at the time. Authorities have said cellphone data and surveillance video shows that Kohberger visited the victims' neighborhood at least a dozen times before the four students were slain.</p>

<p>In a court filing, Kohberger's lawyers said he was on a long drive by himself around the time the four were killed.</p>

<p>What's next?</p>

<p>A change of plea hearing was set for Wednesday, but the family has asked prosecutors to delay it to give them more time to travel to Boise, Gray said.</p>

<p>In Idaho, judges may reject plea agreements, though such moves are rare. If a judge rejects a plea agreement, the defendant is allowed to withdraw the guilty plea.</p>

<p>The court has issued a gag order that has largely kept attorneys, investigators and others from speaking publicly about the investigation or trial.</p>

Read original article


Source: AOL General News

Читать на сайте


Source: AsherMag

Full Article on Source: Astro Blog

#LALifestyle #USCelebrities

What to know about Kohberger agreeing to plead guilty to murdering 4 University of Idaho students

<p>- What to know about Kohberger agreeing to plead guilty to murdering 4 University of Idaho students</p> ...

The 3 Most Intriguing Positions in Mark Cuban's Portfolio

Main Image

<p>-

  • The 3 Most Intriguing Positions in Mark Cuban's Portfolio</p>

<p>Chris MacDonaldJuly 1, 2025 at 4:09 AM</p>

<p>Mark Cuban happens to be not only a great businessman, he's also one who's clearly at least attempting to be a driving force for good in the private U.S. healthcare sector. Cuban has discussed at length his plans for Cost Plus Drugs, a rather remarkable business he launched to try to take market share from pharmacy benefit managers (PBMs), which dominate a good chunk of the U.S. healthcare system. For more on that, I suggest reading about what he's honing in on right now in terms of private long-term investments.</p>

<p>That said, Cuban has been outspoken about some of his other investments, including those he's made in a range of publicly-traded companies. Here are three of Cuban's most prominent picks I agree could provide excellent long-term value for patient investors.</p>

<p>Not all of us are billionaires like Mark Cuban, but these are picks I think make sense to consider as potential long-term holdings for those with an investing time horizon of more than five years.</p>

<p>Key Points in This Article: -</p>

<p>These three stocks are all Magnificent Seven members with strong prospects.</p>

<p>AMZN, META and GOOG are all highly leveraged to the emerging AI revolution.</p>

<p>If you're looking for a megatrend with massive potential, make sure to grab a complimentary copy of our "The Next NVIDIA" report. This report breaks down AI stocks with 10x potential and will give you a huge leg up on profiting from this massive sea change.</p>

<p>Amazon (AMZN)</p>

<p>Interestingly, Mark Cuban has been critical of Amazon (NASDAQ:AMZN) in the past, noting the e-commerce giant remains the billionaire investor's largest publicly-traded holding in his portfolio. He's impressively stated in the past that his exact exposure to this company is around a billion dollars, but given the fact that Cuban doesn't need to disclose his holdings or changes in his holdings via 13-F filings, it's impossible to know for sure what his position size is at the moment.</p>

<p>Cuban's previous bullish commentary around Amazon appears to be tied to Amazon's dominance in its core sectors. From cloud computing to the e-commerce sector, Amazon has dominated nearly every market the company has actively engaged in, leading Cuban and others to view the company as a unicorn playing a foundational role in the future of the global economy. I can't disagree with such a view, and it's also been true for at least the past 15 years that size matters - investing in the companies not only with the capabilities and positioning to succeed (but the deep pockets) - has paid off handsomely.</p>

<p>Tariff concerns may certainly derail Cuban's thesis on the company in the near-term. But over the long-term, this does look like a solid bet, and it's a billion-dollar wager I'd expect will be worth a lot more a decade or two down the line (what I'd think would be Mr. Cuban's investing time frame).</p>

<p>Meta Platforms (META)</p>

<p>Meta Platforms (NASDAQ:META) is yet another Magnificent 7 stock Mark Cuban has talked about owning as a long-term AI beneficiary in a range of high growth markets.</p>

<p>Meta's AI-driven growth and dominant position in the digital advertising market certainly make this stock appealing to many investors at first glance. And looking at the company's core social media business, which is about as insulated from the competition as can be, there's plenty of pricing power long-term Meta can use to support its margins and continue to grow its bottom line at an outsized rate. It's that focus on efficiency, which CEO Mark Zuckerberg has increasingly hammered home, that should continue to provide share outperformance relative to the company's peers.</p>

<p>With strong fundamentals, including revenue growth of 22% annually over the past two years (double the industry average), there's a reason why META stock is currently trading at a premium multiple. It appears Cuban and other big named investors aren't balking at such a multiple. Indeed, in this market, paying up for quality is a strategy that certainly makes sense to me.</p>

<p>Alphabet (GOOG)</p>

<p>Rounding out this list of mega-cap tech stocks Cuban has talked about owning, we get to one of the companies I think has the best valuation among the mega-cap tech names in the market right now. Alphabet (NASDAQ:GOOG) is among the original high-growth mega-cap tech stocks that's sort of fallen out of favor of late, particularly among younger investors. There are good reasons for this, with the rise of AI and other innovative and disruptive technologies shifting demand away from more "rudimentary" search engines such as Google.</p>

<p>That said, Alphabet's core Google search business is one that's continued to provide extremely steady cash flow growth over time, and that cash flow growth has continued even in the age of AI. Thus, in the works of Mark Twain, it does indeed appear that the reports of Google's death have been exaggerated.</p>

<p>Instead, Alphabet has emerged as a top player in AI, seeking to utilize artificial intelligence to a greater degree within the company's core search and digital advertising business. If Alphabet is able to deliver more value to its clientele in providing better ad targeting and a superior ROI overall (and better margins for investors), this is a stock that could be worth buying on this recent dip.</p>

<p>Retirement planning doesn't have to feel overwhelming. The key is finding expert guidance—and SmartAsset's simple quiz makes it easier than ever for you to connect with a vetted financial advisor.</p>

<p>Here's how it works:</p>

<p>Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!</p>

<p>Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin</p>

<p>Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.</p>

<p>Why wait? Start building the retirement you've always dreamed of. Click here to get started today! (sponsor)</p>

<p>The post The 3 Most Intriguing Positions in Mark Cuban's Portfolio appeared first on 24/7 Wall St..</p>

Read original article


Source: AOL Money

Читать на сайте


Source: AsherMag

Full Article on Source: Astro Blog

#LALifestyle #USCelebrities

The 3 Most Intriguing Positions in Mark Cuban’s Portfolio

<p>- The 3 Most Intriguing Positions in Mark Cuban's Portfolio</p> <p>Chris MacDonaldJuly 1, 202...

 

VOUXi MAG © 2015 | Distributed By My Blogger Themes | Designed By Templateism.com