Rep. Eric Swalwell posted on X that House Republicans are confident support for Donald Trump is waning, particularly regarding the Epstein files. Swalwell cited conversations with Republicans, who anticipate a potential “jail break” of over 100 members if a discharge vote on the files occurs. Despite some Republicans calling for the release, House Speaker Mike Johnson has refused to swear in Rep. Adelita Grijala, whose vote could decide the release of the files. Trump himself has stirred controversy by expressing a willingness to consider a pardon for Ghislaine Maxwell, sparking criticism even from his supporters.
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In response to China’s new export controls on rare earth minerals, President Trump threatened significant retaliatory measures. He announced the potential for “a massive increase of Tariffs” on Chinese imports, as well as other countermeasures under consideration. Trump’s post also included a threat to cancel his upcoming meeting with Chinese President Xi Jinping. These announcements followed China’s implementation of new regulations requiring licenses for the export of products containing rare earths, a move that caused stock markets to decline.
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Miller’s use of the first person in describing his actions within the administration raises concerns about his authority and influence, especially given his unelected position. Social media users have expressed alarm, pointing out that Miller appears to be making decisions regarding the deployment of federal agencies and National Guard units. Furthermore, the author criticizes Miller’s portrayal of potential scenarios involving military action in Southern towns, suggesting that such actions would likely be met with resistance.
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President Trump indicated a potential meeting with Chinese President Xi Jinping on the sidelines of a multilateral forum in South Korea. He announced an additional 100% tariff on all Chinese imports, starting November 1, in response to China’s trade practices. Trump cited Beijing’s recent restrictions on rare-earth exports as a contributing factor to the increased tariffs and hinted at further actions, including export controls on critical software. He also stated the date of the tariffs could change depending on further actions taken by China.
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In a rare move, the United States finalized a $20 billion currency swap line with Argentina’s central bank, as announced by Treasury Secretary Scott Bessent. This action, which involved direct purchases of Argentine pesos, aimed to stabilize the country’s turbulent financial markets. Despite criticism from U.S. farmers and lawmakers, who question the bailout’s alignment with the “America First” agenda, the move provided a crucial reprieve for President Javier Milei ahead of midterm elections. After the announcement, Argentina’s dollar-denominated bonds and stock market experienced significant gains, though concerns remain regarding the lack of economic conditions attached to the swap line.
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During a Fox News interview, Donald Trump claimed his use of tariffs had “saved millions of lives” and brought peace to the world. California Governor Gavin Newsom responded to Trump’s remarks on social media, mocking the former president’s self-congratulatory foreign policy claims. Trump’s comments were made as he attempted to link his economic policies to his latest foreign policy boast, which included a purported peace plan between Israel and Hamas. These comments came after Trump posted on Truth Social about a tentative peace deal.
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In a move to counter China’s new export controls on rare earth minerals, President Trump announced on Friday that the U.S. would impose 100% tariffs on Chinese imports, effective November 1st, in addition to existing tariffs. The President also stated that the U.S. would implement export controls on “any and all critical software” starting on the same date. These actions follow China’s decision to control exports of rare earth minerals, crucial for high-tech industries, which make up around 70% of the global supply. Trump had threatened to cancel an upcoming meeting with Chinese President Xi Jinping in response to China’s actions.
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Donald Trump actively campaigned for the Nobel Peace Prize, citing his alleged success in ending multiple wars. Despite a relentless pursuit, including self-promotion and nominations from allies, he was not awarded the prize. The deadline for nominations had passed before many of the accomplishments he touted, and the committee ultimately chose Venezuelan opposition leader María Corina Machado. The former President’s consistent claims of ending wars were seen as dubious, and his quest for the prize mirrors his prior grievances and self-awarded accomplishments.
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The stock market experienced a sharp downturn on Friday following President Trump’s threat of increased tariffs on Chinese imports, marking the worst day for the S&P 500 since April. The Dow Jones Industrial Average and Nasdaq composite also plummeted significantly. This market decline occurred amidst already existing concerns about high stock valuations and the potential for a downturn, as well as heightened worries about the impact on oil markets from trade tensions. The yield on the 10-year Treasury also dropped. International markets, including those in Europe and Asia, also reflected this downward trend.
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John Q. Hosedrinker