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Tech tariff exemptions are only temporary, according to Trump’s commerce secretary

The tech industry may not be safe from new tariffs, according to U.S. Commerce Secretary Howard Lutnick. The Trump administration announced Friday evening that consumer electronics such as laptops and smartphones would be exempt from the tariffs it unveiled earlier this month. Reports about the exemptions noted that tech products might still be affected by targeted tariffs to come, with semiconductors coming under particular scrutiny.
1 min read

Put the P/E ratio in timeout for now

Assuming tariffs are negative for earnings — which is what everyone assumes — this means the E is being distorted higher by stale estimates.
10 min read

Wisconsin teen allegedly killed parents in extremist plot to assassinate Trump, FBI says

A Wisconsin teen allegedly killed his parents to "obtain the financial means and autonomy necessary" to kill President Donald Trump and overthrow the U.S. government, federal authorities said in court documents. Nikita Casap, 17, was arrested in March and charged with two counts of first-degree murder and two counts of hiding a corpse, according to Waukesha County authorities. Court documents show investigators are pursing federal charges including conspiracy, presidential assassination and us
2 min read

State Department reveals status of man erroneously deported to El Salvador

A day after a federal court sought details on the status of a Maryland man who was deported in error to El Salvador, the State Department told a judge that Kilmar Abrego Garcia is "alive and secure" but still not on American soil. "It is my understanding based on official reporting from our Embassy in San Salvador that Abrego Garcia is currently being held in the Terrorism Confinement Center in El Salvador," said Michael Kozak, a senior bureau official for the State Department, in a declaration
4 min read

Trump’s Jan. 6 pardons spark several surprises

President Trump’s sweeping clemency for Jan. 6 defendants have taken a number of surprising twists and turns nearly three months after the Capitol attack prosecution was abruptly upended. On his first day back in the White House, Trump made good on his campaign pledge to absolve those who stormed the Capitol on Jan. 6, 2021,…
5 min read

New image shows Whitmer hiding face at surprise Trump photo-op

A new photo of Gov. Gretchen Whitmer’s (D-Mich.) surprise visit to the Oval Office emerged in a Saturday New York Times report showcasing the lawmaker covering her face while President Trump spoke to the press. The Michigan Democrat said she was unexpectedly whisked into the room for the president’s order signing on Wednesday ahead of…
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Commerce Secretary Lutnick says tariff exemptions for electronics are only temporary

Commerce Secretary Howard Lutnick said Sunday that the administration's decision Friday night to exempt a range of electronic devices from tariffs implemented earlier this month was only a temporary reprieve, with the secretary announcing that those items would be subject to "semiconductor tariffs" that will likely come in "a month or two." The administration's clarification comes after a U.S. Customs and Border Protection bulletin was posted Friday night outlining key electronics -- smartphone
5 min read

US says tech tariff exemptions may be short-lived

Recent exemptions to sweeping US import tariffs may be short-lived, top officials warned Sunday, as China urged the Trump administration to simply abandon its aggressive trade tax policy altogether.The US president sent financial markets into a tailspin earlier this month by announcing sweeping import taxes on dozens of trade partners, only to abruptly announce a 90-day pause for most of them.
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Trump is 'fully fit' to serve as commander in chief, his doctor says after recent physical

Donald Trump’s doctor says the oldest man to be elected president is “fully fit” to serve as commander in chief as the White House released results of the physical exam Trump had Friday. In a three-page summary of the comprehensive exam, the doctor said Trump is “fully fit to execute the duties of Commander-in-Chief and Head of State.” Trump weighed 224 at the checkup, down from 244 at that physical more than four years ago.
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Uncertainty over tariffs fuels fears of a recession in Maine and beyond

Apr. 13—Elizabeth McDowell doesn't see how a recession can be avoided. All she has to do is look at her own household. She and her spouse had planned to buy a plug-in hybrid in the next year or so, but following the president's sweeping car tariff announcement this month, those plans are on hold. She also wanted to replace a set of stairs at the small cottage she owns in York County. But now, ...
9 min read

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