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Donald Trump escalates tariff threat as he doubles down on protectionism

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Donald Trump escalates tariff threat as he doubles down on protectionism

Donald Trump is escalating his threats to increase tariffs on imports if he wins a second term in the White House, reviving fears of renewed trade wars that hit the global economy during his presidency.

The Republican candidate, seeking to win blue-collar votes in swing states pivotal to November’s presidential election, has doubled down on his protectionist rhetoric, delivering blunt warnings of tariffs to US trading partners including the EU.

On Saturday, Trump went further, promising tariffs of 100 per cent on imports from countries that were moving away from using the dollar — a threat that could engulf many developing economies too.

“I’ll say, ‘you leave the dollar, you’re not doing business with the United States. Because we’re going to put a 100 per cent tariff on your goods,’” he said at a rally in Wisconsin.

“If we lost the dollar as the world currency, I think that would be the equivalent of losing a war,” he told the Economic Club of New York on Thursday.

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Trump is reviving his “America first” economic agenda as he battles Democratic candidate Kamala Harris for the White House, and has vowed to impose a tariff of up to 20 per cent on all imported goods.

“I’m talking about taxing . . . foreign nations at levels that they’re not used to, but they’ll get used to it very quickly,” Trump said in New York last week.

One former trade official, who is familiar the Trump’s thinking on trade, said he could also reimpose tariffs that were suspended by President Joe Biden, including on steel and aluminium imports and on European goods as part of the long-running dispute over aircraft subsidies.

“The Biden people really gave the Europeans some big wins out of the gate . . . the Europeans didn’t really give the Biden administration anything,” he said. “The EU uses the rules to help their companies and hurt American companies.”

European officials have warned they have retaliatory options in place. Trump’s term in office was characterised by a economically bruising trade war with China.

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Trump’s new tariff threats could come under fire from Harris during their presidential debate on Tuesday night, where the rivals will have a chance to lay out their plans for the economy — voters’ most important issue ahead of the November vote.

Harris has criticised Trump’s plans for a tariff on all imports as a “Trump tax” on American consumers that would hurt middle-class families.

Democrats too have backed a more aggressive use of tariffs: the Biden administration has maintained the bulk of the tariffs on Chinese imports that Trump imposed, and also announced levies of up to 100 per cent on imported Chinese electric vehicles.

Trump has not offered more details of his plans to slap tariffs on countries leaving the dollar. But it could hit several large G20 developing economies — including China, India, Brazil and South Africa — or even countries using the euro to trade.

Trump has proposed 60 per cent tariffs on goods imported from China, and has said Chinese cars reaching the US through Mexico should face tariffs of 100 per cent.

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Trump last week expressed a preference for tariffs as a tool for international relations over sanctions, saying the latter “kills your dollar and it kills everything the dollar represents”.

But economists warn 100 per cent tariffs could backfire.

“The dollar’s global role has stemmed from the fact that countries voluntarily choose to use it for a whole range of international transactions,” Brad Setser, a fellow at the Council on Foreign Relations and a former Treasury official, wrote on X.

EY-Parthenon’s chief economist Gregory Daco said levies of this nature would have “dire consequences for the US economy”, denting consumer spending and business investment while hampering growth.

Daco said 60 per cent tariffs on Chinese imports and 10 per cent universally — and the retaliatory measures they would induce — would cut 1.2 percentage points from GDP growth in 2025 and 2026, to 0.5 per cent and 0.8 per cent respectively.

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When he was in the White House, Trump’s tariff plans — which break with Republican free-market orthodoxy — faced opposition from some of his economic aides and some congressional Republicans.

Resistance within his party has been fading.

In an interview with the Financial Times, Patrick McHenry, the Republican chair of the House financial services committee, hit back at “hyperventilation” about Trump’s proposals.

“Commerce across the globe has benefited America greatly [and] has given strength and capacity to the dollar, but president Trump wants to ensure that American interests are thought of much more highly in these engagements,” he said.

The former Trump trade official said the ex-president was simply trying to return the US to “stable” politics. “You will not get back to the type of stable, normal politics until the voters feel like the economy has shifted in a way that is going to be better for [American workers],” the official said.

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JD Vance, Trump’s running mate, suggested in a recent FT interview that the US could raise tariffs on Nato allies to force them to spend more on defence. “I think that we have to be willing to apply some pressure on our allies to actually spend more on defence,” he said.

However, higher US tariffs on EU goods would automatically mean retaliatory tariffs on iconic US products such as Harley-Davidson motorbikes and bourbon whiskey.

The EU’s responses could also include blocking investment from overseas, and penalising procurement bids benefiting from subsidies.

“Trump’s views are the same as last time. So we better prepare ourselves,” said an EU official.

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Paul Pelosi in hit-and-run in California, car left with major damage, authorities say

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Paul Pelosi in hit-and-run in California, car left with major damage, authorities say

Rep. Nancy Pelosi, D-Calif., and her husband Paul arrive at the funeral services for Clive Davis at Central Synagogue in New York, Monday, June 29, 2026.

Adam Gray/AP


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Adam Gray/AP

LOS ANGELES — The husband of former House Speaker Nancy Pelosi was involved in a hit-and-run in California that left a parked car with “major” damage authorities said Saturday, and he could face misdemeanor charges.

Paul Pelosi was driving his brown convertible Friday in Yountville, a town in the heart of wine country, when he struck a legally parked car on the side of the road, briefly stopped and then drove away, the Napa County Sheriff’s Office said in a statement. No injuries were reported.

A witness saw the collision and called 911. Shortly afterward sheriff’s deputies found Pelosi with damage to the front of his car on a road roughly a quarter of a mile away. He reportedly told officers he knew he hit something but was not sure when or what caused the damage.

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Pelosi, 86, did not have any alcohol in his system, according to the statement. The sheriff’s office referred him to the Department of Motor Vehicles for a process to determine whether he may continue to drive — something that officials say is common for older drivers.

Pelosi was not arrested, and because no one was injured, the sheriff’s office recommended a misdemeanor charge for fleeing the scene of an accident.

A staffer for Nancy Pelosi did not immediately respond to an email seeking comment.

Paul Pelosi pleaded guilty in 2022 to misdemeanor charges of driving under the influence in Napa County and was sentenced to five days in jail and three years of probation. However, he served only two days in jail and received good conduct credit for two other days, leaving just one day to serve in a work program at the courthouse.

As part of his probation, Pelosi was required to attend a three-month drinking driver class and install an ignition interlock device, which forces drivers to provide a breath sample to prove sobriety before the engine will start. He also was ordered to pay about $5,000 in victim restitution for medical bills and lost wages, along with nearly $2,000 in fines.

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Crowds ordered to evacuate National Mall area as stormy weather slams DC

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Crowds ordered to evacuate National Mall area as stormy weather slams DC

The thousands of people attending the Great American State Fair and other areas around the National Mall are being ordered to evacuate as stormy weather approaches.

The National Weather Service previously announced a Severe Thunderstorm Warning in the District. Officials are asking attendees to seek shelter.

SEE ALSO: Historic Fourth of July fireworks to light up National Mall: How to watch live

The DC Homeland Security & Emergency Management released a list of places where the crowds can go to get out of the weather:

Federal Buildings:

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  • Ronald Reagan Building – 100 Pennsylvania Ave NW
  • Dept. of Commerce – 1401 Constitution Ave NW
  • Dept. of Agriculture – 1400 Independence Dr SW
  • Dept. of Education – 400 Maryland Ave SW
  • Internal Revenue Service – 1111 Constitution Ave NW
  • Voice of America – 330 Independence Ave SW
  • Thomas Jefferson Memorial – 16 E Basin Dr SW

Museums:

  • National Museum of American History – 1300 Constitution Ave NW
  • National Museum of Natural History – 1000 Constitution Ave NW
  • National Museum of African American History and Culture – 1400 Constitution Ave NW

Freedom 250 organizers released this statement:

“The safety of our guests, performers, and staff is our top priority. Due to approaching severe storms, Freedom 250, United States Secret Service, United States Park Police, National Park Service, the Federal Emergency Management Agency, and all public safety partners are asking all guests to evacuate event grounds and seek temporary shelter in a nearby building. Available shelter locations include the Department of Commerce, Department of Education, Department of Agriculture, Internal Revenue Service, VOA Building, Thomas Jefferson Memorial, National Museum of American History, National Museum of Natural History, the African American Museum, and the Ronald Reagan Building. Please remain calm, follow the directions of law enforcement and event staff, and stay tuned to Freedom 250’s official channels for updates. Freedom 250 will share updates on programming and doors reopening — please stay close to our official channels for updates.”

The Secret Service said they have suspended screening on the National Mall.

“Security screening on the National Mall has been suspended due to dangerous storms,” the Secret Service said. “If you are already on the grounds, follow directions from officers and event staff and move to shelter immediately. Do not shelter under trees.”

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Metro riders are also asked to seek shelter. Commuters should expect heavy crowds at stations near the National Mall and are asked to consider using L’Enfant Plaza, Metro Center, Archives, Federal Triangle or Federal Center SW stations to avoid congestion.

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Reflections on America’s 250th birthday

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Reflections on America’s 250th birthday

The nation’s capital may be the focal point of the 250th Independence Day celebration, but people all across America have plans to mark the occasion, from boisterous public parades to quiet personal reflections on history.

Julia Demaree Nikhinson/AP


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Julia Demaree Nikhinson/AP

As the United States turns 250 years old, Americans across the country are spending the holiday thinking about what the big birthday means to them, with reflections and celebrations as diverse as the nation itself.

NPR’s member station reporters fanned out to collect snapshots of the occasion from sea to shining sea.

In one ‘City of Presidents,’ Main Street is decorated for a party

At least two cities in the U.S.call themselves the “City of Presidents” and Cuba City, in Wisconsin, is one of them, largely due to its patriotic Main Street decorations. Every year from Memorial Day through Veteran’s Day, red, white, and blue shields, one for each U.S. president, are prominently displayed high up on the light poles lining Main Street.

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It’s a tradition that began in 1976 to commemorate the country’s bicentennial, says Donna Rogers, who is president of the ongoing project but admitted that when it first started, she wasn’t particularly tuned-in to the display.

“I was raising three little boys and working at John Deere, so I didn’t really pay too much attention to community service at that time,” she said.

Donna Rogers shows off one of Cuba City's presidential lampposts.

Donna Rogers shows off one of Cuba City’s presidential lampposts.

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A few years later, she was tapped to help keep the initiative alive.

When she thinks of the country’s history, she says the signing of the Declaration of Independence and abolition of slavery top her list, plus a current event–

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“Of course, now, our nation’s 250th birthday. I think those three would be the three most important things in history to me,” she said, quickly adding “[the] right for women to vote, don’t forget that, right?”

Rogers and Cuba City are pulling out all the stops for the 250th, with a parade and a mac-and-cheese festival, because “that was some of our founding fathers favorite foods, along with turkey and cranberries and other items.”

She laughed and admitted she googled that. True or not, Rogers says they’ll go all-out to celebrate the 250th in her “City of Presidents”.

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