President Donald Trump has promised to hike nearly all of his tariffs on foreign steel and aluminum to a punishing 50% on Wednesday, a move that would hammer businesses from automakers to home builders, and likely push up prices for consumers.
Meanwhile, the White House has officially asked Congress to claw back $9.4 billion in already approved spending, taking funding away from programs targeted by Elon Musk´s Department of Government Efficiency. It´s a process known as "rescission," which requires Trump to get approval from Congress to return money that had previously been appropriated.
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The European Union´s top trade negotiator, Maros Sefcovic, met Wednesday with his American counterpart, U.S. Trade Representative Jamieson Greer, on the sidelines of a meeting of the Organisation for Economic Cooperation and Development.
“We´re advancing in the right direction at pace,” Sefcovic said at a news conference. He said ongoing technical meetings between EU and U.S. negotiators in Washington would be soon followed by a video conference between himself and Greer to then “assess the progress and charter the way forward.”
Brussels and Washington are unlikely to reach a substantive trade agreement in Paris. The issues dividing them are too difficult to resolve quickly.
President Trump regularly fumes about America´s persistent trade deficit with the European Union, which was a record $161 billion last year, according to the U.S. Commerce Department.
Top Trump administration officials - fresh off touring one of the country´s largest oil fields in the Alaska Arctic - headlined an energy conference led by the state´s Republican governor on Tuesday that environmentalists criticized as promoting new oil and gas drilling and turning away from the climate crisis.
Several dozen protesters were outside Gov. Mike Dunleavy´s annual Alaska Sustainable Energy Conference in Anchorage, where U.S. Interior Secretary Doug Burgum, Energy Secretary Chris Wright and Environmental Protection Agency Administrator Lee Zeldin were featured speakers. The federal officials were continuing a multiday trip aimed at highlighting Trump´s push to expand oil and gas drilling, mining and logging in the state.
Calls for additional drilling - including Trump´s renewed focus on getting a massive liquefied natural gas project built - are "false solutions" to energy needs and climate concerns, protester Sarah Furman said outside the Anchorage convention hall, as people carried signs with slogans such as "Alaska is Not for Sale" and "Protect our Public Lands."
The Trump administration announced on Tuesday that it would revoke guidance to the nation´s hospitals that directed them to provide emergency abortions for women when they are necessary to stabilize their medical condition.
That guidance was issued to hospitals in 2022, weeks after the U.S. Supreme Court upended national abortion rights in the U.S. It was an effort by the Biden administration to preserve abortion access for extreme cases in which women were experiencing medical emergencies and needed an abortion to prevent organ loss or severe hemorrhaging, among other serious complications.
Under the Emergency Medical Treatment and Active Labor Act, emergency rooms that receive Medicare dollars to provide an exam and stabilizing treatment for all patients. Nearly all emergency rooms in the U.S. rely on Medicare funds.
The Trump administration announced on Tuesday that it would no longer enforce that policy.
The move prompted concerns from some doctors and abortion rights advocates that women will not get emergency abortions in states with strict bans.
The White House on Tuesday officially asked Congress to claw back $9.4 billion in already approved spending, taking funding away from programs targeted by Elon Musk´s Department of Government Efficiency.
It´s a process known as "rescission," which requires Trump to get approval from Congress to return money that had previously been appropriated. Trump´s aides say the funding cuts target programs that promote liberal ideologies.
The request, if it passes the House and Senate, would formally enshrine many of the spending cuts and freezes sought by DOGE. It comes at a time when Musk is extremely unhappy with the tax cut and spending plan making its way through Congress, calling it on Tuesday a "disgusting abomination" for increasing the federal deficit.
White House budget director Russ Vought said more rescission packages and other efforts to cut spending could follow if the current effort succeeds.
“We are certainly willing and able to send up additional packages if the congressional will is there,” Vought told reporters.