Trump says US economic system in ‘transition’ and once more urges Fed to chop charges – reside

Canada’s newly-elected prime minister Mark Carney is ready to fulfill Donald Trump on the White Home on Tuesday, Bloomberg Information (paywall) is reporting, amid rising tensions over Trump’s tariff conflict and annexation threats to Canada.

Shortly after his election final week, Carney stated that after they did meet he the US president would communicate “like two sovereign nations”. Carney’s victory was largely propelled by Trump’s repeated – and seemingly earnest – options about annexing Canada and making it the 51st US state. In his victory speech Carney stated:

President Trump is attempting to interrupt us so America can personal us. That may by no means – that can by no means, ever occur.

In an interview with the BBC the day after his win, Carney stated his nation deserves and expects respect from the US and can solely enter commerce and safety talks with Trump “on our terms”. He added that he would solely go to Washington when there was a “serious discussion to be had” that revered Canada’s sovereignty.

Talks with Trump could be “on our terms, not on their terms,” he stated, including:

There’s a partnership available, an financial and safety partnership … It’s going to be a really totally different one than we’ve had previously.

Canada was the “biggest client for more than 40 states” within the US, Carney famous:

We deserve respect. We anticipate respect and I’m certain we’ll get it in the end once more, after which we will have these discussions.

Trump stated the US economic system is in a “transition stage”, citing robust employment and his tariff plan whereas reiterating his name for the US Federal Reserve to decrease its rate of interest. It adopted the discharge of information that confirmed US job progress slowed marginally for April.

He wrote on Reality Social:

Gasoline simply broke $1.98 a Gallon, lowest in years, groceries (and eggs!) down, power down, mortgage charges down, employment robust, and way more excellent news, as Billions of {Dollars} pour in from Tariffs. Similar to I stated, and we’re solely in a TRANSITION STAGE, simply getting began!!! Shoppers have been ready for years to see pricing come down. NO INFLATION, THE FED SHOULD LOWER ITS RATE!!! DJT

Talking of the navy, final evening Trump stated he needed to rename 11 November – Veterans Day – as ‘Victory Day for World War I’ and rename 8 Could as ‘Victory Day for World War II’.

The 8 Could date – not at the moment a federal vacation and Trump wasn’t clear if he needed it to develop into one – is an attention-grabbing alternative for a US president to mark victory within the second world conflict. Whereas 8 Could is certainly marked as Victory Day in Europe as Trump factors out (for Russia it’s 9 Could), American troopers famously continued combating Japan within the Pacific theatre for an additional three months after the conflict was declared over on the western entrance in opposition to Nazi Germany. Japan didn’t formally give up till 2 September 1945.

There’s additionally little doubt that Trump’s declare that the US “did more than any other country, by far, in producing a victorious result” is not going to sit nicely with former allied powers who suffered heavy losses and casualties in addition to appreciable harm from German bombing.

Veterans Day, in the meantime, began out as a commemoration of the armistice on 11 November 1918, not as a celebration of American “victory” as Trump is framing it. The scope of the vacation was later widened to honor all US veterans, together with of contemporary wars in Iraq, Afghanistan and elsewhere. Trump’s publish makes no point out of these conflicts.

Right here’s the publish from Reality Social:

Lots of our allies and mates are celebrating Could eighth as Victory Day, however we did greater than every other Nation, by far, in producing a victorious end result on World Conflict II. I’m hereby renaming Could eighth as Victory Day for World Conflict II and November eleventh as Victory Day for World Conflict I. We gained each Wars, no one was near us by way of power, bravery, or navy brilliance, however we by no means have a good time something — That’s as a result of we don’t have leaders anymore, that understand how to take action! We’re going to begin celebrating our victories once more!

Detailed Military plans for a possible navy parade on Donald Trump’s birthday in June name for greater than 6,600 troopers, at the least 150 automobiles, 50 helicopters, seven bands and presumably a pair thousand civilians, The Related Press experiences.

The planning paperwork, obtained by the AP, are dated April 29 and 30 and haven’t been publicly launched. They signify the Military’s most up-to-date blueprint for its long-planned 250th anniversary pageant on the Nationwide Mall and the newly added ingredient — a big navy parade that Trump has lengthy needed however remains to be being mentioned.

The Military anniversary simply occurs to coincide with Trump’s 79th birthday on 14 June.

Whereas the slides don’t embody any worth estimates, it might probably price tens of tens of millions of {dollars} to placed on a parade of that measurement. Prices would come with the motion of navy automobiles, tools, plane and troops from throughout the nation to Washington and the necessity to feed and home hundreds of service members.

Excessive prices halted Trump’s push for a parade in his first time period, and the tanks and different heavy automobiles which might be a part of the Military’s newest plans have raised considerations from metropolis officers about harm to roads.

Requested about plans for a parade, Military spokesman Steve Warren stated Thursday that no ultimate selections have been made.

Others accustomed to the paperwork, who spoke on situation of anonymity as a result of the plans haven’t been finalized, stated they signify the Military’s plans because it prepares for any White Home approval of the parade. The White Home didn’t instantly reply to an AP request for remark.

The seeds have been sown for the ousting of Mike Waltz as nationwide safety adviser lengthy earlier than “Signalgate”, notes Politco.

The outlet experiences that his strategy to the job was unpopular and Waltz was seen as too cocky. One particular person near the White Home stated:

He’s a workers, however he was appearing like a principal.

As has now been extensively reported, a lot of insiders – together with Trump – needed Waltz gone instantly after the Sign group chat leak fiasco, however didn’t wish to give opponents the satisfaction. Mockingly, Signalgate – in hindsight the tipping level – purchased him time. One White Home ally informed Politico on the time:

Waltz has been on skinny ice for some time. [Signalgate] made the ice thinner however on the similar time … may very well save him for now as a result of they don’t wish to give [Jeffrey] Goldberg a scalp.

However by that time, Politico notes, Waltz had misplaced sufficient allies that his eventual departure was inevitable – the one query was when he would go. In contrast, protection secretary Pete Hegseth – additionally in sizzling water over the scandal – had extra White Home assist and was tougher to fireplace as his function requires Senate affirmation.

Whereas Waltz minimize a lonely determine within the administration, together with his relationship with chief of workers Susie Wiles eroded particularly, at the least partially on account of his “too big for his britches” perspective, one White Home ally informed Politico. And even when he did have some assist amongst GOP lawmakers, these in Maga circles have been extra sceptical of him, viewing him as an outsider to the motion and too hawkish on overseas coverage.

President Donald Trump on Friday stated his administration will strip Harvard College of its tax exempt standing.

“We are going to be taking away Harvard’s Tax Exempt Status. It’s what they deserve!” Trump stated in a publish on his social media platform.

When Donald Trump selected a Undertaking 2025 writer to steer a key federal company that might perform the underpinnings of the conservative manifesto’s goals, he solidified the venture’s function in his second time period.

Shortly after he gained re-election, the US president nominated Russ Vought to steer the workplace of administration and funds. Vought wrote a chapter for Undertaking 2025 about consolidating energy within the government department and advances a principle that permits the president to withhold funds from businesses, even when Congress has allotted them. Consolidating energy, partially by way of firing a supposed “deep state” and hiring loyalists, is a serious plank of the venture – and of Trump’s first 100 days.

Trump tried, repeatedly, to distance himself from the venture, led by the conservative thinktank the Heritage Basis, on the marketing campaign path after the left used it as shorthand for the dismantling of presidency that might happen if he gained. Since he’s taken workplace, the phantasm that his concepts have been drastically totally different from the venture has fallen.

“The whole distancing themselves from Project 2025 may have pulled some voters,” stated Manisha Sinha, a historical past professor on the College of Connecticut, however “my sense is that they’re going to try and push all the items within Project 2025 as much as they can”.

Lots of Trump’s strikes in his first 100 days come immediately from Undertaking 2025, which concerned greater than 100 conservative organizations and represented a kind of consensus among the many Trumpist proper about what he ought to do in a second time period. In some situations, he has gone past the venture’s options. And in different instances, as a result of the venture was written in 2023, subsequent coverage concepts from the Heritage Basis have formed his actions and objectives.

Democrats goal susceptible Home Republicans over plan to chop social security web

Chris Stein

Democrats plan to place the squeeze on 4 of probably the most susceptible Republicans in Congress because the GOP gears as much as cross a huge invoice that will slash the social security web to pay for tax cuts.

The Democratic Nationwide Committee (DNC) on Friday introduced the “Fight to Save Medicaid”, a strain marketing campaign that goals to derail the invoice’s passage within the Home of Representatives, the place Republicans maintain solely a three-seat majority.

The plan targets Nebraska’s Don Bacon, New York’s Mike Lawler and Pennsylvania’s Brian Fitzpatrick, all of whom signify districts that Kamala Harris carried in final November’s election. Additionally within the cross-hairs is Tom Barrett, a freshman lawmaker whose district in Michigan went for Trump by solely a slim margin.

The DNC will organise “people’s town halls” within the 4 lawmakers’ districts this month, in partnership with its Home marketing campaign arm, the Democratic Congressional Marketing campaign Committee (DCCC).

The occasion will even encourage voters to name and electronic mail the lawmakers to share their views on the invoice, maintain in-person gatherings and publish on social media, all ways to which Democrats nationwide have these days turned as they give the impression of being to claw again energy in Washington.

President Donald Trump on Thursday expressed his intent to rename each 8 Could and 11 November “Victory Day” in his newest try to change the nation’s nomenclature, AFP reported.

“I am hereby renaming May 8th as Victory Day for World War II and November 11th as Victory Day for World War I,” he wrote on his Reality Social platform.

Victory Day, noticed by the European Union on 8 Could and in former Soviet international locations on 9 Could, marks the anniversary of the formal acceptance of Germany’s unconditional give up.

The conflict continued in Asia till the give up of Japan in early September 1945 after the atomic bombings of Hiroshima and Naqasaki.

Although some in america mark the event, 8 Could will not be a public vacation or celebrated as extensively as in Europe.

“Many of our allies and friends are celebrating May 8th as Victory Day, but we did more than any other Country, by far, in producing a victorious result on World War II,” Trump’s publish stated.

In the meantime, 11 November was initially named “Armistice Day” by former US president Woodrow Wilson to mark the anniversary of 1918 armistice ending the armed battle within the first world conflict.

It’s now a public vacation celebrated in america as “Veterans Day” and meant to honor People who’ve served within the US armed forces.

“We won both Wars, nobody was close to us in terms of strength, bravery, or military brilliance, but we never celebrate anything – That’s because we don’t have leaders anymore, that know how to do so!” Trump continued. “We are going to start celebrating our victories again!”

Washington’s envoy has warned that US president Donald Trump might skip the upcoming Nato summit if different members of the defence alliance don’t act on burden-sharing, the Spiegel information journal reported on Friday, citing European diplomatic sources.

Germany particularly has come below strain to spice up its defence spending significantly, with US defence secretary Pete Hegseth having spoken together with his German counterpart Boris Pistorius on the problem final week, the report added.

Beijing is “evaluating” a suggestion from Washington to carry talks over US president Donald Trump’s 145% tariffs, China’s commerce ministry stated on Friday, though it warned america to not have interaction in “extortion and coercion.”

Washington and Beijing have been locked in a cat-and-mouse recreation over tariffs, with either side unwilling to be seen to again down in a commerce conflict that has roiled international markets and upended provide chains, Reuters reported.

The commerce ministry stated america has approached China to hunt talks over Trump’s tariffs and Beijing’s door was open for discussions, signalling a possible de-escalation within the commerce conflict.

The assertion comes a day after a social media account linked to Chinese language state media stated Washington had been in search of to start out talks, and per week after Trump claimed discussions have been already below manner, which Beijing denied.

“The US has recently taken the initiative on many occasions to convey information to China through relevant parties, saying it hopes to talk with China,” the assertion stated, including that Beijing was “evaluating this”. “Attempting to use talks as a pretext to engage in coercion and extortion would not work,” it stated.

The US ought to be ready to take motion in “correcting erroneous practices” and cancel unilateral tariffs, the commerce ministry stated, including that Washington wanted to point out “sincerity” in negotiations.

Former nationwide safety adviser John Bolton has referred to as on protection secretary Pete Hegseth to step down, citing considerations for his private security.

Talking on CNN, Bolton – who additionally served as US ambassador to the United Nations below President George W Bush – was requested whether or not Hegseth ought to stay in his place.

“No, I think he should resign for his own safety’s sake, if nothing else,” Bolton replied.

He particularly pointed to current experiences that Hegseth had shared delicate details about US strikes on Yemen through the messaging app Sign.

The messages have been reportedly despatched to group chats that included Hegseth’s spouse, brother, private lawyer, and – mistakenly, in a separate chat meant for cabinet-level officers – Jeffrey Goldberg, editor-in-chief of The Atlantic.

Bolton added that it “is a critical time for the American military. We understand the Trump administration will rightly propose enormous budget increases for defense. We need it. “

“We need a secretary who can get the job done, not somebody who spends his time on Signal chat groups,” he stated.

Media rights group RSF warned Friday about “an alarming deterioration in press freedom” in america below Trump.

Paris-based Reporters With out Borders, which has been monitoring press freedom for the final 23 years, highlighted how Trump had made tough situations worse by axing US monetary assist for state-backed broadcasters akin to Voice of America and Radio Free Europe/Radio Liberty (RFE/RL), in addition to US overseas improvement assist that assisted media retailers abroad.

After a fall of 11 locations in 2024, america declined one other two to 57th place on the 2025 World Press Freedom Index, one behind previously war-torn Sierra Leone in west Africa.

The index, calculated in keeping with the variety of violent incidents involving journalists and different information compiled by specialists, was topped by oil-rich Norway for the ninth 12 months in a row. Estonia and the Netherlands have been second and third.

“In the United States, Donald Trump’s second term as president has led to an alarming deterioration in press freedom, indicative of an authoritarian shift in government,” RSF stated.

“His administration has weaponised institutions, cut support for independent media, and sidelined reporters.”

Giant components of america have been now “news deserts,” RSF stated.

Trump introduced Wednesday that he was contemplating authorized motion in opposition to The New York Instances, in his newest assault on a media outlet.

He’s additionally suing media group Paramount over a pre-election interview final 12 months of his Democratic rival Kamala Harris on its CBS channel.

Trump alleges it was edited to take away an embarrassing response, though many authorized analysts view the case as baseless and more likely to be dismissed or fail on account of constitutional protections for freedom of the press.

Good morning and welcome to the US reside weblog amid information that Donald Trump has pulled funding from information retailers NPR and PBS, accusing them of being biased.

NPR and PBS are solely partly funded by the US taxpayer and rely closely on non-public donations.

The US president has lengthy had an antagonistic relationship with most mainstream information media, beforehand describing them because the “enemy of the people”.

A notable exception is the highly effective conservative broadcaster Fox Information, a few of whose hosts have taken on main roles in his administration.

“National Public Radio (NPR) and the Public Broadcasting Service (PBS) receive taxpayer funds through the Corporation for Public Broadcasting (CPB),” Trump stated in his government order. “I therefore instruct the CPB board of directors and all executive departments and agencies to cease Federal funding for NPR and PBS.”

You possibly can learn our story from Agence France-Presse right here:

In different information:

• Mike Waltz was relieved of his duties after clinging on for greater than a month after the information broke that he had unintentionally invited a journalist Trump hates to hitch a Sign group chat to plan strikes on Yemen in March.

• After a morning of reporting on Waltz’s firing, the administration, put out a brand new line: Waltz had not been fired however promoted, since he had been nominated to be the brand new US ambassador to the UN. That framing was delivered on Fox Information by Peter Doocy, a community correspondent, after which JD Vance, the vice-president.

• A Reuters {photograph} of Wednesday’s cupboard assembly that was beforehand neglected confirmed that Waltz was nonetheless utilizing Sign on his cellphone as just lately as yesterday, to speak with senior officers together with Marco Rubio, Steve Witkoff, Tulsi Gabbard and JD Vance.

• Waltz seems to have put in third-party software program on his cellphone that permits Sign to be archived, but additionally makes it much less safe.

• US Supreme Court docket Justice Ketanji Brown Jackson forcefully rejected what she referred to as “relentless attacks” on the federal judiciary.

• The US Military has developed detailed plans for a possible navy parade on President Donald Trump’s birthday in June

• Senate Democrats responded to the firing of Waltz by calling for an additional participant within the chat, protection secretary Pete Hegseth, to be fired.

• Hegseth’s use of Sign to share confidential assault plans together with his spouse and brother is reportedly below investigation by the Pentagon’s appearing inspector normal.