SmartNews

Ex-Obama adviser says tariff ruling may have saved Trump 'from himself'

A federal court’s decision to strike down Donald Trump’s sweeping tariff plan may be a political “black eye” for the administration – but could ultimately help the president if it effectively causes him to be “stymied in doing something that's going to raise costs for people,” according to Democratic strategist David Axelrod.

“It may be a black eye, but it may also be a break for him,” Axelrod claimed.

Keep reading... Show less

Elon Musk tried to stop Trump's Middle East deal with a rival AI company: report

Tech billionaire Elon Musk worked frantically behind the scenes to stop one of President Donald Trump's deals in the Middle East involving a rival artificial intelligence company, The New York Times reported on Wednesday evening.

"Ahead of Mr. Trump’s trip to the Middle East this month, Mr. Musk objected to a deal in the works between a rival A.I. company and the United Arab Emirates to build a massive data center in Abu Dhabi, according to a White House official," reported Tyler Pager, Maggie Haberman, Theodore Schleifer, Jonathan Swan, and Ryan Mac. Musk, per the report, "complained to David Sacks, the president’s A.I. adviser, and other White House officials about the Abu Dhabi project involving OpenAI, an organization he founded with Sam Altman, with whom he has since had a falling out, according to the official."

Keep reading... Show less

‘Viciously rejected’: Trump declares victory in fight with Pulitzer Prize board

President Donald Trump declared victory Wednesday after a Florida appellate court sided with him in a defamation lawsuit against the Pulitzer Prize Board and allowed the case to move forward.

Trump quickly lauded the ruling in Truth Social post as a “major win” in his effort to challenge Pulitzer Prizes awarded to The New York Times and the Washington Post related to their coverage of Russian election interference – reports which he continues to attack as “fake” and “malicious.”

Keep reading... Show less

'Win for law and freedom': Internet celebrates as Trump tariffs struck down

President Donald Trump suffered a massive blow on Wednesday when a three-judge panel of the U.S. Court of International Trade — including one judge Trump himself appointed — held the president's "reciprocal tariffs" imposed on virtually the entire rest of the world are illegal.

The ruling, which determined Trump did not validly invoke the International Emergency Economic Powers Act, was met with fury by some of Trump's supporters, but more broadly with cheers and celebration by economic experts and more traditional political analysts on social media.

Keep reading... Show less

WSJ editorial board warns Trump to ‘cut his losses’ after legal blowback

Donald Trump’s war on the nation’s big law firms drew the ire of the Wall Street Journal’s conservative editorial board, which accused the president of abusing executive power and highlighted a stunning string of courtroom defeats.

In a blistering editorial titled, “Big Law Firm 3, Trump 0,” the Journal’s board slammed the MAGA leader’s series of executive orders targeting liberal-leaning law firms as “an abuse of executive power that isn’t justified under any fair reading of the Constitution.”

Keep reading... Show less

Paramount offered $15M to settle Trump's CBS suit — but he demands more: report

Executives at Paramount have already offered President Donald Trump a $15 million settlement to make his lawsuit against CBS News go away — but he's not satisfied with that offer, reported the Wall Street Journal on Wednesday.

"Trump’s team wants more than $25 million and is also seeking an apology from CBS News, one of the people said," according to the report. "Trump’s team has threatened another lawsuit against CBS related to alleged bias of its news coverage, according to the people. Wednesday is the deadline for Trump to respond to Paramount’s motion to dismiss the lawsuit."

Keep reading... Show less

Trump's economic agenda dealt major blow by federal court

A federal court has struck down Donald Trump’s “Liberation Day” tariffs, ruling that the president overstepped his legal authority in imposing them on a broad range of countries, according to media reports.

The U.S. Court of International Trade issued the unanimous decision Wednesday, rejecting Trump’s April 2 tariff order – which he claimed was justified by national emergencies, Politico reported. The court’s ruling, however, found that justification inadequate under the 1977 International Emergency Economic Powers Act (IEEPA).

Keep reading... Show less

Newsom ducks Trump call as trans athlete showdown erupts in CA

California Gov. Gavin Newsom missed a call from President Donald Trump on Wednesday as the war of words over transgender athletes hit the state’s high school track scene – and Trump’s social media feed.

The call followed a fiery post from Trump on Tuesday slamming Newsom over a transgender athlete who recently qualified for the state championships in two track and field events. The athlete is set to compete this weekend in Clovis, according to local news station KTVO.

Keep reading... Show less

'Lack of focus': Expert warns Trump shows major signs of mental deterioration

A speech expert warns President Donald Trump's latest interactions with the public show serious indications of cognitive decline, The Daily Beast reported.

This comes at a moment when the spotlight is on how former President Joe Biden struggled in his final year of office, with a new book by Jake Tapper and Alex Thompson detailing the lengths to which his inner circle tried to keep him out of the public spotlight. Some Democratic strategists and insiders dispute certain details in the book.

Keep reading... Show less

Major retailers brace for fallout as competing boycotts hit their profits

U.S. retail giants are suffering under competing boycotts as people of all political persuasions vote with their wallets, according to a new CNN analysis published on Wednesday.

"Corporate America is required to disclose risks to their businesses in their annual regulatory filings," reported Nathaniel Meyersohn. "This year, Walmart, Target, Home Depot, Corona-parent Constellation Brands join an increasing number of companies advising investors about customer and legal backlash to their diversity, equity and inclusion (DEI) policies and environmental, social and governance (ESG) initiatives.

Keep reading... Show less

Trump desperately trying to avoid a public showdown with Musk: Maggie Haberman

President Donald Trump doesn't want to get into a public fight with tech billionaire Elon Musk as the latter denounces his "big, beautiful bill" on tax cuts, energy deregulation, and border security, New York Times reporter Maggie Haberman told CNN's Jake Tapper on Wednesday.

The bill, which narrowly passed the House earlier this month, cuts hundreds of billions of dollars from Medicaid and food assistance, on top of a laundry list of other controversial provisions, to preserve Trump's 2017 tax cuts. It faces an uncertain path in the Senate as Republicans vow to make major changes.

Keep reading... Show less

How Donald Trump ruined Nicolle Wallace's Memorial Day BBQ

New York Times opinion columnist Nicholas Kristof penned a piece over the Memorial Day weekend that detailed the ongoing corruption in President Donald Trump's White House.

MSNBC's Nicolle Wallace said that she was reading the column and quickly sent it to everyone she knew. They responded, "Go back to your barbecue."

Keep reading... Show less

Eric Trump claims Mar-a-Lago worth $2B at crypto conference

Eric Trump revealed that he had an opportunity to mortgage Mar-a-Lago to purchase cryptocurrency but chose not to because his father would not have been "thrilled."

At a Bitcoin conference on Wednesday, Trump said he was approached by "Bitcoin evangelist" Michael Saylor about a year earlier.

Keep reading... Show less