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      Trump to Again Extend TikTok’s Reprieve From U.S. Ban

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      The president plans to sign another executive order this week that would give the popular video app more time to change its ownership structure.President Trump intends to again extend the deadline for when TikTok must be separated from its Chinese owner, ByteDance, or face a ban in the United States, its third reprieve this year.Karoline Leavitt, the White House press secretary, said on Tuesday that Mr. Trump would sign an executive order this week giving TikTok 90 more days — to mid-September — to find a new owner to comply with a federal law that requires the company to change its ownership structure to resolve national security concerns. TikTok’s current deadline is Thursday.“As he has said many times, President Trump does not want TikTok to go dark,” Ms. Leavitt said in a statement.Mr. Trump has repeatedly declined to enforce the law, which the Supreme Court upheld in January after Congress passed it with wide bipartisan support last year. The app’s future is part of the discussion in his administration’s ongoing trade talks with China.Mr. Trump, who issued similar delays in January and in April, has given TikTok an unexpected lifeline after its future in the United States appeared to be doomed. The president tried to ban TikTok in his first term but flipped his stance on the app last year — a shift that is credited in part to one of his donors, who has a sizable stake in ByteDance, as well as his own growing popularity on the app.The repeated extensions have raised concerns among a handful of lawmakers, who have urged Mr. Trump to clarify his plans for TikTok or force it to stop operating in the United States. They and others in Washington worry that TikTok could hand over sensitive U.S. user data to Beijing, like location information, or that China could use TikTok’s content recommendations to sway opinions and spread misinformation in the United 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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      Senate Proposal Ends Tax Cuts for Clean Energy, Disappointing Climate Advocates

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      A Senate tax package softens some blows imposed on renewables by a House version of the bill. But it still terminates many credits for clean power.Climate advocates, Democrats, and even some House Republicans who last month had supported a tax package that gutted federal support for clean energy were hoping the Senate would make fixes to protect energy manufacturing and jobs.But on Monday, Senate Republicans disappointed them, proposing to quickly end most tax breaks for wind and solar power, electric vehicles and other clean energy.Draft legislation released by the Senate Finance Committee would terminate or scale back most of the major tax incentives for clean energy contained in the Inflation Reduction Act of 2022, the Biden administration’s signature climate law.The plan would eliminate within six months a $7,500 consumer tax credit for purchases of electric vehicles as well as home energy rebates for things like electric heat pumps and induction stoves. A tax credit for homeowners who install solar panels on rooftops would end within 180 days. A subsidy for making hydrogen fuels would expire this year.Federal tax credits for wind and solar power, which have been in place for decades but were made more lucrative under the Inflation Reduction Act, would be rapidly phased out. Wind and solar companies could qualify for the full tax break only if they began construction in the next six months. They would receive 60 percent of the tax break if they began construction in 2026, and 20 percent of the tax credit if they began construction in 2027. Projects built after that would get nothing.That’s a slightly longer runway for renewable energy than is in the House version of the bill, which would have ended those tax breaks almost immediately.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 Choice on Israel-Iran: Help Destroy Nuclear Facility or Continue to Negotiate

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      Iranian officials have warned that U.S. participation in an attack on its facilities will imperil any chance of the nuclear disarmament deal the president insists he is still interested in pursuing.President Trump is weighing a critical decision in the four-day-old war between Israel and Iran: whether to enter the fray by helping Israel destroy the deeply buried nuclear enrichment facility at Fordo, which only America’s biggest “bunker buster,” dropped by American B-2 bombers, can reach.If he decides to go ahead, the United States will become a direct participant in a new conflict in the Middle East, taking on Iran in exactly the kind of war Mr. Trump has sworn, in two campaigns, he would avoid. Iranian officials have already warned that U.S. participation in an attack on its facilities will imperil any remaining chance of the nuclear disarmament deal that Mr. Trump insists he is still interested in pursuing.Mr. Trump had at one point encouraged his Middle East envoy, Steve Witkoff, and possibly Vice President JD Vance, to offer to meet the Iranians, according to a U.S. official. But on Monday Mr. Trump posted on social media that “everyone should immediately evacuate Tehran,” hardly a sign of diplomatic progress.Mr. Trump also said on Monday that “I think Iran basically is at the negotiating table, they want to make a deal.” The urgency appeared to be rising. The White House announced late on Monday that Mr. Trump was leaving the Group of 7 summit early because of the situation in the Middle East.“As soon as I leave here, we’re going to be doing something,” Mr. Trump said. “But I have to leave here.”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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      Trumps Promote American Bitcoin, a New Crypto Mining Venture

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      The debut of American Bitcoin, a mining firm backed by Eric Trump and Donald Trump Jr., has heightened the ethical concerns swirling around the Trump presidency.On a Wall Street conference call in April, Eric Trump made a pitch for the newest venture in his family’s rapidly expanding cryptocurrency empire.Mr. Trump, the president’s second son, said he was joining forces with the crypto firm Hut 8 to start a company focused on Bitcoin mining, the business of running energy-guzzling machines to generate new coins.Bitcoin mining is a notoriously difficult industry. But in the pitch, Mr. Trump made clear that the policies of his father’s administration would give the new company, American Bitcoin, a “competitive advantage.”“We’re doing it in America with a government that’s dedicated to low-cost energy,” he said, later adding, “We’ve got the best energy policy in this country. That policy is only getting better.”Virtually every aspect of the Trump family’s business portfolio is fraught with conflicts of interest that have blurred the boundary between government and industry. The debut of American Bitcoin, which is set to merge with a publicly traded company later this year, has heightened those concerns, introducing new ethical questions and pulling the Trumps even deeper into crypto, a business the White House has aggressively championed.President Trump is already financially intertwined with two other crypto ventures — a so-called meme coin created by a longtime business partner, and a separate company, World Liberty Financial, that he and his sons founded before the election. At the same time, he has ended a yearslong enforcement campaign against crypto companies by the Securities and Exchange Commission and vowed to sign legislation that would advance the industry’s priorities.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 Trade and Tax Policies Start to Stall U.S. Battery Boom

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      Battery companies are slowing construction or reconsidering big investments in the United States because of tariffs on China and the proposed rollback of tax credits.Battery manufacturing began to take off in the United States in recent years after Congress and the Biden administration offered the industry generous incentives.But that boom now appears to be stalling as the Trump administration and Republican lawmakers try to restrict China’s access to the American market.From South Carolina to Washington State, companies are slowing construction or reconsidering big investments in factories for producing rechargeable batteries and the ingredients needed to make them.A big reason for that is higher trade barriers between the United States and China are fracturing relationships between suppliers and customers in the two countries. At the same time, Republicans are seeking to block battery makers with ties to China, as well as those that rely on any Chinese technology or materials, from taking advantage of federal tax credits. The industry is also dealing with a softening market for electric vehicles, which Republicans and Mr. Trump have targeted. The China-related restrictions — included in the version of Mr. Trump’s domestic policy bill passed by the House — would be very difficult for many companies to operate under. China is the world’s top battery manufacturer and makes nearly all of certain components.The Trump policy bill highlights a difficult dilemma. The United States wants to create a homegrown battery industry and greatly reduce its dependence on China — and many Republican lawmakers want to end it altogether. But China is already so dominant in this industry that it will be incredibly hard for the United States to become a meaningful player without working with Chinese companies.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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      Business Lobbyists Scramble to Kill $100 Billion ‘Revenge Tax’

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      Critics contend that the measure will scare off the foreign investment that President Trump wants to attract.Business lobbyists are working to kill a measure in the Republican tax policy legislation that would punish companies based in countries that try to collect new taxes from American firms.The push comes as Senate Republicans are preparing to unveil their domestic policy bill on Monday, which will ultimately need to be passed and merged with the legislation that the House passed last month. That bill imposes a so-called revenge tax on foreign companies that try to enforce the terms of a 2021 global minimum tax agreement or impose digital services taxes on American technology companies.The legislation would substantially increase the tax bills for many foreign companies that operate in the United States, raising more than $100 billion over a decade. Critics argue that the provision would chill foreign investment at a time when the Trump administration is trying to attract international money.“I think the president has been pretty unequivocal on where he stands on wanting more investment into the U.S. from international companies,” said Jonathan Samford, chief executive of the Global Business Alliance, which lobbies on behalf of international businesses in the U.S.Mr. Samford added that the measure “directly contradicts the president’s investment vision.”The legislation is poised to reignite international tax and trade wars that have been on hiatus as policymakers around the world grapple with how to overhaul the global tax system. It has also stoked anxiety among Wall Street investors and is expected to be a topic of discussion as leaders of the Group of 7 countries gather in Canada this week for a summit.Since taking office, President Trump has made clear that he wants nothing to do with a 2021 deal brokered by the Biden administration that aimed to rewrite the rules of how the world’s largest companies would be taxed around the globe. That deal, which was agreed to by the G7, created a new global minimum tax rate of at least 15 percent that companies would have to pay, regardless of their headquarter location. The aim was to prevent countries from lowering their tax rates as a way to attract multinational corporations, creating a “race to the bottom” in taxation that left nations with fiscal shortfalls.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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      Randi Weingarten Quits D.N.C. Post in Dispute With Chairman

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      Randi Weingarten, head of one of the nation’s most influential teachers unions, and Lee Saunders, the president of a large union of public workers, each pointed to Ken Martin’s leadership.The leaders of two of the nation’s largest and most influential labor unions have quit their posts in the Democratic National Committee in a major rebuke to party’s new chairman, Ken Martin.Randi Weingarten, the longtime leader of the American Federation of Teachers and a major voice in Democratic politics, and Lee Saunders, the president of the American Federation of State, County and Municipal Employees, have told Mr. Martin they will decline offers to remain at-large members of the national party.The departures of Ms. Weingarten and Mr. Saunders represent a significant erosion of trust in the D.N.C. — the official arm of the national party — during a moment in which Democrats are still locked out of power and grappling for a message and messenger to lead the opposition to President Trump. In their resignation messages, the two union chiefs suggested that under Mr. Martin’s leadership, the D.N.C. was failing to expand its coalition.Both labor leaders had supported Mr. Martin’s rival in the chairmanship race, Ben Wikler, the chairman of the Wisconsin Democratic Party. Mr. Martin subsequently removed Ms. Weingarten from the party’s Rules and Bylaws Committee, a powerful body that sets the calendar and process for the Democratic Party’s presidential nominating process.In her resignation letter, dated June 5 and obtained on Sunday evening, Ms. Weingarten wrote that she would decline Mr. Martin’s offer to reappoint her to the broader national committee, on which she has served since 2002. She had been on the Rules and Bylaws committee since 2009.“While I am proud to be a Democrat, I appear to be out of step with the leadership you are forging, and I do not want to be the one who keeps questioning why we are not enlarging our tent and actively trying to engage more and more of our communities,” Ms. Weingarten wrote in her resignation letter to Mr. Martin.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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      1 Killed in Shooting at ‘No Kings’ Protest in Salt Lake City

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      A bystander was fatally shot after security members at the demonstration confronted a man who was running toward the crowd with an AR-15-style rifle, the police said.At the No Kings protest in Salt Lake City on Saturday, two armed security members spotted a man dressed all in black move away from demonstrators and to a secluded area behind a wall, the police said.At that point, according to the police, the man started handling an AR-15-style rifle that he removed from his backpack. The security members drew their guns and confronted the man, who began running toward the crowd, holding his weapon in “a firing position,” the police said.One of the security members fired three times, wounding the gunman and also striking a bystander, who was killed, the Salt Lake City Police Department said.The police took the man with the rifle, who was identified as Arturo Gamboa, 24, into custody and charged him with murder, Chief Brian Redd of the Salt Lake City Police Department said at a news conference on Sunday.The bystander, who was identified by the police as Arthur Folasa Ah Loo, 39, of Utah, died at a hospital.Chief Redd called the shooting “sudden and alarming.”“No one should fear coming to a peaceful and lawful demonstration in our city,” Chief Redd said.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