Trump, Donald J

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      Challenge to Trump’s Tariffs Funded by Groups Linked to Charles Koch and Leonard Leo

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      Among those opposed to President Trump’s tariffs on imports from China: a legal group funded by some of the biggest names in conservative politics.Last week, a Florida business owner challenged the Trump administration’s moves in court, arguing that her company, Simplified, which makes notebooks and planners, was harmed by the dramatic trade war with China that has only deteriorated further since the lawsuit was filed.Her lawyers are from the New Civil Liberties Alliance, a libertarian-leaning nonprofit that counts among its financial backers Donors Trust, a group with ties to the billionaire Leonard A. Leo, who is a co-chairman of the Federalist Society.The Federalist Society is an influential legal group that advised Mr. Trump through the confirmation of justices he appointed to form the current conservative supermajority on the Supreme Court, though some in Mr. Trump’s circle came to believe that its leaders were out of step with the president’s political movement.Another donor to New Civil Liberties Alliance is Charles Koch, the billionaire industrialist and Republican megadonor.In what appeared to be the first tariff-related lawsuit against the Trump administration, the founder of Simplified, Emily Ley, argued that President Trump overstepped his authority in February when he first imposed new import taxes on Chinese goods. Since then, China has retaliated with its own tariffs, and Mr. Trump has escalated the fight with more levies. All Chinese imports face a minimum tariff rate of 145 percent as of Thursday, a dramatic increase.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Attorneys General Sue Over Access to $1 Billion in Federal School Aid

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      The Trump administration abruptly cut states’ access to Covid pandemic funding for school programs, saying they’d had enough time to spend it.Sixteen attorneys general and a Democratic governor sued the Trump administration on Thursday to restore access to over $1 billion in federal pandemic relief aid for schools that was recently halted, saying that the pullback could cause acute harm to students.The suit, led by New York’s attorney general, Letitia James, and filed in Manhattan federal court, is one of the latest efforts by states to fight President Trump’s clawback of funding allocated to programs he does not want the government to support. The funding was part of a windfall of more than $190 billion that the U.S. Department of Education distributed to schools at the height of the coronavirus pandemic.The government’s reversal “triggered chaos,” the suit says. New York was one of the states with the most unspent money: over $130 million. California had more than $205 million in unspent money, and Maryland had $245 million, the most among the states that sued.“Cutting school systems’ access to vital resources that our students and teachers rely on is outrageous and illegal,” Ms. James said in a news release.The coalition’s filing on Thursday comes nearly a month after 21 Democratic attorneys general sued the administration for firing about half of the Education Department’s staff. Linda McMahon, the education secretary, said the move would help the department deliver services more efficiently.The White House also suspended millions of dollars in teacher-training grants that it argued would promote diversity, equity and inclusion, which prompted yet another suit from New York and other states.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      House Passes G.O.P. Budget After Conservative Revolt Collapses

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      The House on Thursday narrowly adopted a Republican budget blueprint for slashing taxes and government spending, after hard-line conservatives concerned that it would balloon the nation’s debt ended a revolt that had threatened to derail President Trump’s domestic agenda.Approval of the plan, which was in doubt until nearly the very end, was a victory for Republican leaders and Mr. Trump. It allowed them to move forward with crafting major legislation to enact a huge tax cut, financed with deep reductions in spending on federal programs, and pushing it through Congress over Democratic opposition.“It is time for us to act so that we can get on with the real work,” Representative Kevin Hern, Republican of Oklahoma, said during debate on the floor. “In passing this budget framework, we are unlocking the process to deliver on unleashing American energy production, permanently securing our southern and northern borders, and making tax cuts permanent for small businesses and working families.”But approval came only after a mutiny on the House floor on Tuesday night that underscored the deep divisions Republicans still have to bridge in order to push through what Mr. Trump has called his “big, beautiful bill.” It forced Speaker Mike Johnson to delay a planned vote on the measure after he spent more than an hour Wednesday night huddled with the holdouts, trying without success to persuade them to support it.The vote on Thursday was 216 to 214, with two Republicans opposing the measure. All Democrats present voted against the plan, which they said would pave the way for cuts to Medicaid and other vital safety net programs that would harm Americans, all to pay for large tax cuts for the wealthiest.“You target earned benefits and things that are important to the American people, like Medicaid,” Representative Hakeem Jeffries of New York, the Democratic leader, said, addressing Republicans. “And what are you doing it for? What is it in service of? All to pass massive tax breaks for your billionaire donors like Elon Musk.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trump’s Tariff Reversal Calms Some G.O.P. Nerves, but Questions Linger

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      President Trump’s whipsawing tariff policy has prompted bipartisan alarm on Capitol Hill, where Democrats are outraged and Republicans are caught between their deep opposition to tariffs and fear of criticizing Mr. Trump.The president’s abrupt announcement on Wednesday that he would halt most of his reciprocal tariffs for 90 days just a week after announcing them allayed the immediate concerns of some G.O.P. lawmakers, many of whom rushed to praise Mr. Trump for what they characterized as deal-making mastery.But behind those statements was a deep well of nervousness among Republican lawmakers who are hearing angst from their constituents and donors about the impact of Mr. Trump’s trade moves on the financial markets and the economy. Some of them have begun signing onto measures that would end the tariffs altogether or claw back Congress’s power to block the president from imposing such levies in the future.“I’m just trying to figure out whose throat I get to choke if it’s wrong, and who I put up on a platform and thank them for the novel approach that was successful if they’re right,” Senator Thom Tillis, Republican of North Carolina, said of the sweeping tariffs on Tuesday during a hearing with Jamieson Greer, the Trump administration’s top trade official.On Wednesday, after Mr. Trump pulled back most of the tariffs but retained a 10 percent tariff rate for most countries and announced additional penalties on China, Mr. Tillis still sounded anxious. He said the move was likely to “reduce some of the escalation,” but added that there was still considerable work to be done to prevent another market meltdown.“We’ve got to get a deal before we get rid of uncertainty,” he told reporters soon after Mr. Trump announced the change in a social media post.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Luigi Mangione Death Penalty Bid May Pit Prosecutors Against Each Other

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      State and federal prosecutors have both accused Mr. Mangione of killing a health insurance executive. Attorney General Pam Bondi is pushing aggressively for capital punishment.Luigi Mangione is being prosecuted for murder by two agencies: the Department of Justice, which answers to President Trump, and the Manhattan district attorney’s office, which is led by the only prosecutor to convict President Trump.Mr. Trump and the Manhattan district attorney, Alvin L. Bragg, are far from natural allies. And the high-profile case of Mr. Mangione, who is charged with killing a health care executive, could set their offices on a collision course.When Mr. Mangione was arrested in December, before President Trump took office, the U.S. attorney’s office for the Southern District of New York said the state prosecution would occur first. But last week, Mr. Trump’s attorney general, Pam Bondi, signaled that the Justice Department might move quickly, saying that federal prosecutors would seek the death penalty for Mr. Mangione.“The president’s directive was very clear: We are to seek the death penalty when possible,” Ms. Bondi said in an interview with “Fox News Sunday.”Deliberations over whether to seek the federal death penalty can take a year or more in the Southern District and the Justice Department. Ms. Bondi’s swift announcement was all the more unusual given that Mr. Mangione has yet to be formally indicted in federal court.Mr. Mangione’s case has become an arena for Ms. Bondi to show her commitment to the president. Her decision “is more political theater than anything else,” said Cheryl Bader, a law professor at Fordham University.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Egg Prices Continued to Rise in March

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      Egg prices have reached record highs as bird flu outbreaks have hit poultry farms and forced producers to cull tens of millions of hens.For weeks, President Trump has repeatedly boasted that his administration had managed to bring egg prices down. But new data on Thursday showed that egg prices at the grocery store continued to climb in March.Egg prices rose 5.9 percent over the month, according to data released by the Bureau of Labor Statistics. They climbed at a slower rate, though, after rising 10.4 percent in February and 15.2 percent in January.Compared with a year earlier, egg prices are up 60.4 percent.Egg prices have reached record highs in recent months as bird flu outbreaks have hit poultry farms and forced producers to cull tens of millions of hens. But Mr. Trump, who had vowed to bring down grocery prices while on the campaign trail, has continued to claim victory on egg prices. This month, Mr. Trump said that egg prices had dropped 59 percent, and on Monday, he said that egg prices were down 79 percent.Consumers might not be feeling relief because the president is not referring to retail egg prices. He is instead pointing to the wholesale price of eggs, which has fallen by roughly half since the beginning of his second term.Wholesale egg prices dropped from a national average of $6.55 a dozen on Jan. 24 to $3.26 on April 4, according to data from the Agriculture Department. Wholesale egg prices are also down from a peak of more than $8 a dozen at the end of February.But the average retail price for a dozen large eggs reached $6.23 in March, up from $5.90 the month before, according to Bureau of Labor Statistics data.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trump’s Encouragement of Stock Investors Draws Scrutiny

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      Was the president manipulating the market with his comments, as his critics say, or reassuring Americans, as the White House maintains?President Trump began his Wednesday with some advice for those rattled by his steep tariffs.“BE COOL,” Mr. Trump told his followers on social media after the markets opened. Just a couple of minutes later he wrote, “THIS IS A GREAT TIME TO BUY!!!”Hours after that, Mr. Trump sent the markets soaring when he paused the levies for 90 days. The S&P 500 climbed several percentage points in a matter of minutes and was on its way to its best day since the recovery of the 2008 financial crisis.Soon after Mr. Trump’s pause, Democrats and government ethics experts asked the perhaps obvious question: Did Mr. Trump give the green light to his followers to cash in on a forthcoming rise in stock prices?“How is this not market manipulation?” Representative Mike Levin, Democrat of California, said on social media, referring to action that is potentially illegal. “If you’re a Trump supporter and you did what he said and you bought, then you did great. On the other hand, if you’re a retiree or a senior or somebody in the middle class over the last few days that didn’t have the tolerance for risk and you decided to sell, you got screwed.”The news of Mr. Trump’s pause came as Jamieson Greer, the U.S. trade representative, was testifying on Capitol Hill. Representative Steven Horsford, Democrat of Nevada, pressed him on Mr. Trump’s aim.“It’s not market manipulation,” Mr. Greer said. “We’re trying to reset the global trading system.”“How have you achieved any of that?” Mr. Horsford asked. “So if it’s not market manipulation, what is it? Who’s benefiting? What billionaire just got richer?”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Stocks Jump in Asia After Trump’s Tariff Reprieve

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      Markets in Japan, South Korea and Taiwan soar after the U.S. president pauses punishing tariffs. Gains in mainland China were modest as trade hostilities heat up between Washington and Beijing.Following President Trump’s decision to pause punishing tariffs on dozens of countries, markets in Asia reacted predictably: Stocks soared in the countries that were spared.In early trading on Thursday, benchmark indexes rose more than 9 percent in Taiwan, 8 percent in Japan and 5 percent in South Korea. All three Asian economies were among the U.S. trading partners given a 90-day reprieve from Mr. Trump’s so-called reciprocal tariffs.While the U.S. allies won’t immediately face the 24 percent to 32 percent tariffs the Trump Administration had previously threatened, they will still be subject to a lower rate of 10 percent. That comes on top of 25 percent tariffs that Mr. Trump has imposed on goods including cars — a particular sore point for big auto exporters Japan and South Korea.In the United States, the reversal by Mr. Trump on Wednesday sparked the biggest one-day rally of the S&P 500 since October 2008, when stocks soared as investors anticipated central bank rate cuts in the wake of the global financial crisis.Huge Gains and Losses in One WeekModest gains or losses are the most common outcomes on S&P 500 trading days. But since last Thursday the index has had two steep drops and one of its biggest gains since 2000. More