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Donald Trump’s allies, supporters and donors, led by Elon Musk, push to end tariff war 

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What’s most striking about President Trump’s tariff war is that he’s being pressured by some of his closest advisers and supporters to end the crusade that has upended the world economy.

It’s not just media conservatives like Ben Shapiro, Rich Lowry, Ben Domenech and the Wall Street Journal editorial page. It’s longtime wealthy donors like Ken Langone, co-founder of Home Depot, who denounced the tariffs and cited the 46 percent levy on Vietnam as an example of «bull****,» telling the Financial Times that «right now what everybody’s terrified of is a trade war.» 

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Another billionaire, hedge fund investor Bill Ackman said, «The consequences for our country and the millions of citizens who have supported the president…are going to be severely negative.» Jamie Dimon, CEO of JP Morgan, said «whether or not the menu of tariffs causes a recession remains in question, but it will slow down growth.»

WHITE HOUSE SAYS BEIJING MISSED DEADLINE TO LIFT RETALIATORY TARIFFS, US TO HIKE CHINA TARIFFS TO 104%

The most famous defector is Elon Musk, who, according to the Washington Post, privately urged Trump not to go ahead with the sky-high tariffs. Now he’s gone public: 

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«Ideally, both Europe and the United States should move to a zero-tariff situation, effectively creating a free trade zone between Europe and North America.» Even the world’s richest man and chief budget cutter couldn’t convince the boss, and he is off the reservation.  

Musk is also taking shots at the strongest tariff booster in the White House, Peter Navarro, calling him «truly a moron,» «dumber than a sack of bricks,» and, in a particularly juvenile jab, «Peter Navarrdo.»

In addition to sounding off against President Trump’s tariffs, Elon Musk has thrown a few rhetorical punches at the staunchly pro-tariff Peter Navarro. (AP)

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The aforementioned Navarro, you’ll be happy to hear, went on Fox and guaranteed there will be no recession. So you can all resume regular breathing.

It doesn’t help Trump that after an early rebound rally yesterday ran out of gas, the Dow dropped another 320 points, after a dramatic decline that has decimated people’s stock holdings and 401-Ks. The Constitution, by the way, says Congress is in charge of tariffs.

Almost no one is safe, including Bibi Netanyahu, who came to the White House on Monday in a ring-kissing gesture, has imposed no levies on the U.S., but still got hit with a 17 percent tariff. Against Israel, our chief ally in the Middle East and the region’s only democracy?

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And the escalation with China, our biggest adversary, was predictable. Trump had hit Beijing with a 54 percent tariff (including an earlier 20 percent levy). Beijing hit back, as promised, with a 34 percent tariff on U.S. goods, battling what it calls blackmail. 

Wouldn’t we have done the exact same thing if the roles were reversed?

But Trump acted as though he was personally insulted, and is now vowing an additional 50 percent tariff on the Chinese. This is how trade wars spiral out of control. And China has cut off negotiations on the sale of TikTok to an American owner.   

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Media blunders also fueled the market’s volatility. On Monday, Bloomberg – that is, someone identified as Walter Bloomberg, not connected to any news outlet – posted this: «HASSETT: TRUMP IS CONSIDERING A 90-DAY PAUSE IN TARIFFS FOR ALL COUNTRIES EXCEPT CHINA.»

White House Council of Economic Advisers Chairman Kevin Hassett Briefing

Media blunders – including one claiming Kevin Hassett, director of the White House economic council, said Trump was considering a 90-day tariff pause – only exacerbated market volatility. (Andrew Harrer/Bloomberg via Getty Images)

This goosed the stock market. Except that Kevin Hassett, director of the White House economic council, never said that. 

But CNBC morning anchor Carl Quintanilla told viewers, «I think we can go with this headline. Apparently, Hassett’s been saying that Trump will consider a 90-day pause in tariffs for all countries except for China.»

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Reuters then ran with this headline: «Wall Street reverses course after Hassett’s comments on tariff pause.»

What Hassett actually said, when asked on Fox if Trump would consider a 90-day tariff pause: «I think the president is gonna decide what the president is gonna decide.» Not exactly the same thing. But the market shot up.

The wire service later admitted the mistake: «Reuters has withdrawn the incorrect report and regrets its error.»

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TRUMP, EYEING 3RD TERM, KEEPS ATTACKING ELITE INSTITUTIONS – AND MANY ARE CAVING

A CNBC spokeswoman said later, «As we were chasing the news of the market moves in real-time, we aired unconfirmed information in a banner. Our reporters quickly made a correction on air.»

Meghan McCain posted a broader swipe against the media: «There are so many hypocritical talking heads on TV saying they don’t care about losing money or being in financial pain for a while. Most of you are married to finance bros, come from rich families or have huge media contracts. You have a cushion…

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«One of my best friends buys her groceries for her family based on what coupons each store has. I assure you a possible recession or huge rise in prices everywhere will be a different experience for her family than you.»

SUBSCRIBE TO HOWIE’S MEDIA BUZZMETER PODCAST, A RIFF ON THE DAY’S HOTTEST STORIES

Is there an exit ramp? White House officials say 70 countries have been in touch, seeking a negotiated settlement. Some, of course, were doing that in the runup to «Liberation Day.» The president could reach many of the settlements, declare victory and credit his tariff war.

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At the moment, he shows no inclination to do that, having pushed the tariff idea since the 1980s and repeatedly promising such an approach during last year’s campaign. 

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I wrote a book on Wall Street and the media, talked to many top traders as well as business anchors and commentators. I understand the hair-trigger nature of the culture. Everyone expected that Donald Trump would impose hefty tariffs, just not at this stratospheric level.

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Media Buzz,Donald Trump,Trump’s First 100 Days,Elon Musk,Economy

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Supreme Court says Trump can proceed with firing Democrat-appointed CPSC members

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The Supreme Court on Wednesday said President Donald Trump could proceed with the firing of three Democratic members of the U.S. Consumer Product Safety Commission (CPSC) who were fired and then reinstated to their roles on the board — the latest high-stakes court clash centered on Trump’s authority as authority to remove or otherwise control the fate of independent agency.

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The majority sided with the Trump administration in a 6-3 vote on the emergency order, the last of the Supreme Court’s current term. Justices Sonia Sotomayor, Elena Kagan, and Ketanji Brown Jackson dissented.

The Trump administration asked the Supreme Court in early July to stay the decision of a lower court judge in Maryland who sided with the three ousted board members, Mary Boyle, Alexander Hoehn-Saric and Richard Trumka Jr. U.S. District Judge Matthew Maddox, a Biden appointee, ruled that their firings were unlawful and ordered they be reinstated to their roles.

The Fourth Circuit U.S. Court of Appeals declined to grant the Trump administration’s request to stay the order, clearing the way for the administration to appeal the matter to the Supreme Court.

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APPEALS COURT BLOCKS TRUMP FROM FIRING FEDERAL BOARD MEMBERS, TEES UP SUPREME COURT FIGHT

Supreme Court justices attend the 60th inaugural ceremony for President Trump on Jan. 20, 2025, at the U.S. Capitol. The event was held indoors due to weather. (Ricky Carioti /The Washington Post via Getty Images)

In its emergency filing to the Supreme Court, U.S. Solicitor General D. John Sauer pointed to the court’s decision in another, factually similar emergency case reviewed by the high court earlier this year, in which justices agreed to temporarily block the reinstatements of board members for the National Labor Relations Board (NLRB) and Merit Systems Protection Board (MSPB).

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Sauer pointed to the factual similarities underpinning both cases, and argued that the high court’s emergency decision there «squarely controls this case.»

The CPSC board members disputed that notion in their own Supreme Court filing — arguing that their removals from the CPSC would «disrupt the status quo» from an agency dedicated to consumer protection and safety.

They also pointed to the timing of their removals, noting that the Trump administration made no attempt to oust them for four months — a delay they argue shows no urgency and undercuts any claim of «irreparable harm,» a key standard for emergency court action.

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BIDEN-APPOINTED JUDGE THWARTS TRUMP’S ATTEMPT TO CLEAN HOUSE AT CONSUMER SAFETY AGENCY

CPSC board members Mary Boyle, Alexander Hoehn-Saric, and Richard Trumka Jr. are seen in this three-way split image. Photos via AP News/Getty Images

CPSC board members Mary Boyle, Alexander Hoehn-Saric, and Richard Trumka Jr. are seen in this three-way split image. Photos via AP News/Getty Images (AP/Getty)

After the U.S. Court of Appeals for the 4th Circuit rejected the government’s request to temporarily freeze Maddox’s order, the government appealed it to the Supreme Court.

In his ruling, Maddox said that the tenured design and protection of the five-member, staggered-term CPSC board does «not interfere with» Trump’s executive branch powers under Article II of the U.S. Constitution.

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The case is the latest in a string of challenges centered on Trump’s ability to remove members of independent boards. Like the NLRB and MSPB rulings, it centers on the 90-year-old Supreme Court decision known as Humphrey’s Executor, in which the court unanimously ruled that presidents cannot fire independent board members without cause.

Supreme Court exterior during daytime

The Supreme Court ruled Trump can fire CPSC board members on July 23, 2025.  (AP Photo/J. Scott Applewhite, File)

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Maddox invoked the uncertainty created by the preliminary posture of the NLRB and MSPB cases, which saw both plaintiffs removed and reinstated to their positions multiple times — which he said was the basis for ordering more permanent injunctive relief.

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«Disruption might have resulted in the instant case if Plaintiffs had been reinstated while this case was in its preliminary posture, only to have the Court later deny relief in its final judgment and subject Plaintiffs to removal again,» said Maddox. «The risk of such disruption is no longer a factor now that the Court is granting permanent injunctive relief as a final judgment.» 

In his ruling, Maddox said that the tenured design and protection of the five-member, staggered-term CPSC board does «not interfere with» Trump’s executive branch powers under Article II of the U.S. Constitution.

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News agency says its Gaza journalists suffering health woes as union warns they will die without intervention

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The Agence France-Presse news agency said its freelance journalists in Gaza are suffering constant health issues while a union is warning they will die «without immediate intervention.» 

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The news agency works with one freelance reporter, three photographers and six freelance video journalists in the Gaza Strip since its own staff fled the war-torn territory in 2024, according to The Society of Journalists at AFP union. 

«They’re spending so much time and energy trying to source food and also just they just feel so weak,» Phil Chetwynd, AFP’s global news director, told NPR. «They talk about constant headaches, constant dizziness. So just the ability physically to, you know, get to a story is diminished.» 

«Without immediate intervention, the last reporters in Gaza will die,» the union said in its own statement. «With a few others, they are now the only ones reporting what is happening in Gaza. The international press has been banned from entering this territory for nearly two years.» 

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AMERICAN VETERANS ATTACKED, INJURED WHILE DISTRIBUTING AID IN GAZA WITH US-BACKED GROUP 

An airstrike hits a building in the Al-Nasr neighborhood in Gaza City, Gaza on July 21, 2025.  (Saeed M. M. T. Jaras/Anadolu via Getty Images)

«Since AFP was founded in August 1944, we have lost journalists in conflicts, we have had wounded and prisoners in our ranks, but none of us can recall seeing a colleague die of hunger. We refuse to see them die,» it added in a post on X. 

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The union said its lead photographer in Gaza, which it identified as Bashar, wrote on Facebook Saturday that «I no longer have the strength to work for the media. My body is thin and I can no longer work.» 

«Bashar, 30, works and lives under the same conditions as all Gazans, moving from one refugee camp to another amid Israeli bombings. For over a year, he has lived in absolute poverty and takes enormous risks to do his job. Hygiene is a major issue for him, with recurring bouts of severe intestinal illness,» The Society of Journalists at AFP said. 

«Since February, Bashar has been living in the ruins of his house in Gaza City with his mother, four brothers and sisters, and the family of one of his brothers. Their house is completely without amenities or comfort, shared with a few cousins. On Sunday morning, he reported that one of his brothers had ‘fallen, due to hunger,’» it added. 

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DOZENS OF PALESTINIANS KILLED, NEARLY 200 WOUNDED WHILE ON THEIR WAY TO COLLECT AID IN GAZA 

Palestinians line up to receive meal in Gaza

Palestinians shove to receive a hot meal at a charity kitchen in the Mawasi area of Khan Yunis in the southern Gaza Strip on July 22, 2025. (AFP via Getty Images)

The union said each of its freelance journalists in Gaza are receiving a monthly salary from the AFP, however, «there’s almost nothing to buy — or what is available is prohibitively expensive.» 

Representatives for the AP and Reuters also expressed concern for their teams there, but would not say how many people are working for them. 

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«We are deeply concerned about our staff in Gaza and are doing everything in our power to support them,» said Lauren Easton, a spokeswoman for The Associated Press. «We are very proud of the work our team continues to do under dire circumstances to keep the world informed about what is happening on the ground.» 

Reuters said that it is in daily contact with its freelance journalists, and that «the extreme difficulty sourcing food is leading to their and all Gaza residents experiencing greater levels of hunger and illness.» 

Demonstration in Gaza City

A demonstrator holds a sign reading in Arabic «a hungry journalist writes a report about the hungry» during a protest by journalists against hunger in the Rimal district of Gaza City on July 19, 2025.  (Omar Al-Qattaa/AFP via Getty Images)

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The agency said it is providing extra money to help them. 

The Associated Press contributed to this report. 

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Una candidata en Chile propone triplicar la producción de salmones

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Presidential candidate Evelyn Matthei gives a speech during the official launch of her presidential campaign in Santiago, Chile June 4, 2025. REUTERS/Pablo Sanhueza

La candidata Evelyn Matthei adelantó que si resulta ganadora en las próximas elecciones presidenciales en Chile impulsará un proyecto público-privado para que el país multiplique por tres su producción salmonera alcanzando los 3 millones de toneladas y una facturación de unos USD 20.000 millones anuales.

Matthei, histórica figura política de la derecha pero que últimamente se ha acercado al centro del electorado, según las miradas políticas más recientes, participó esta semana del “Salmón Summit 2025”, el principal evento de la industria realizado en el suntuoso Teatro del Lago de Frutillar, Región de los Lagos.

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También fueron de la partida la ex ministra del Trabajo y militante comunista, Jeannette Jara, y el otro candidato de la derecha, José Antonio Kast. Los tres esbozaron sus visiones y planes para el segundo sector exportador de Chile después del cobre. Las elecciones presidencial serán a fin de año.

La industria salmonera es el cobre de las regiones australes”, señaló Matthei. “Genera 4.000 pymes, 86.000 empleos, descentralización real, más de 6.400 millones de dólares en exportaciones”, dijo y apuntó al bajo crecimiento promedio del sector en la última década estancado en un 1%. “Concesiones que esperan más de 10 años de relocalización, proyectos que han enfrentado 27 años de tramitación, si se suman todos, sobreposición de normas, duplicidad de trámites, instituciones que no se comunican entre sí, indiferencia total de las autoridades”, criticó.

Matthei dejó sobre la mesa un modelo similar al Noruego para triplicar la producción durante su mandato, si llega a triunfar en las elecciones. Noruega es el mayor productor mundial de salmón con 1.2 millones de toneladas y USD 11.500 millones en exportaciones, de acuerdo a datos de mercado.

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FOTO DE ARCHIVO-La alcaldesa de
FOTO DE ARCHIVO-La alcaldesa de Providencia, Evelyn Matthei, se reúne con simpatizantes en un acto en Viña del Mar, Chile. 9 de agosto de 2024. REUTERS/Rodrigo Garrido

En base a estos números Chile superaría a Noruega aunque hay informaciones de mercado que indican que el país del norte tiene un plan bastante parecido para su propio sector.

La tónica de los candidatos en este encuentro, clave para que los políticos se expresen sobre una industria que no recibió el apoyo del actual presidente Gabriel Boric, fue positiva y despojada de advertencias o amenazas contra su existencia.

Parte de la clase política más desarrollista y del empresariado chileno, aspiran a acercarse a números de exportación del primer mundo. Países como Noruega e Irlanda exportan por USD 220.000 millones. En caso de triplicar sus exportaciones de salmón, Chile, en base a números actuales, superaría los USD 113.000 millones. En 2024 el país rompió su récord histórico con exportaciones por USD 100.163 millones. Todavía lejos de un monstruo como Brasil que exporta por USD 337.000 millones. De hecho, Chile exportó en 2024, 146.597 toneladas de salmón a ese país por USD 915 millones.

El sector representa unos 86.000 empleos directos e indirectos y alrededor de USD 6500 millones en exportaciones. Solo en Magallanes (frente a Tierra del Fuego, Argentina) entrega 7.000 puestos de trabajo, se producen alrededor de 180.000 mil toneladas y exportan por USD 650 millones.

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El gobierno de Boric faltó a la cita en una posición que parece más ideológica que economicista. El presidente de SalmónChile, Arturo Clément, advirtió en el cierre del evento que no acudió ninguno de los funcionarios invitados por la organización. “Hace más de un mes y medio invitamos a varios ministros, subsecretarios, sin embargo, nuevamente, nadie llegó. Así es difícil dialogar y avanzar”, explicó.

Poco después de su arribo al poder, el mandatario advirtió que la salmonicultura debería abandonar las áreas de reserva, generando preocupación en toda la industria. La declaración probablemente sorprendió a los propios empresarios por las consecuencias que tendría una decisión de tal naturaleza. En la parte final de su mandato Boric no pudo avanzar en este propósito, pero en los últimos tres años la industria ha soportado ataques de diverso orden por parte de funcionarios del gobierno y de ONGs extranjeras que no ocultan que tienen sus planes hiper conservacionistas para el sur de Chile.

Alrededor de 1.500 personas acudieron al Teatro del Lago en Frutillar, una imponente construcción que fue levanta con un presupuesto de USD 20 millones donados por la familia Shiess.

Allí estuvieron presentes Jeannette Jara, José Antonio Kast y Evelyn Matthei para entregar su visión, entre otras cosas, de la industria del salmón.

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La industria salmonera es el cobre de las regiones australes”, indicó Evelyn Matthei. La candidata planteó la posibilidad de triplicar la producción mediante un plan público-privado inspirado justamente en Noruega. También se comprometió a declarar el 26 de mayo como el “Día del Trabajador Salmonero”, un pedido que meses atrás la Multisindical de los Trabajadores le había solicitado al ministro de economía Nicolás Grau.

Matthei aprovechó para pasar factura a Jara. “El actual gobierno trató de destruir la industria del salmón (…) Yo no escuché a la ministra del Trabajo protestando por la destrucción de sus empleos. Por eso, vamos a declarar el 26 de mayo el Día del Trabajador Salmonero”, aportó.

La exalcaldesa pidió modificar la polémica ley Lafkenche. Esta ley le permite a descendientes de pueblos aborígenes reclamar grandes extensiones de territorio marítimo para su administración. Un recurso alentado por el gobierno que el empresariado entendió como otra traba para su desarrollo. En 2023 y 2024 se debatió en los Consejos Regionales de Aysén y Magallanes la entrega de más 600 mil hectáreas a reducidos grupos de descendientes que la exigían para sí, pero las solicitudes terminaron siendo rechazadas.

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Para cultivar salmones se ocupan solo 4.120 hectáreas de mar, con la ley Lafkenche se están pidiendo 3 millones 900 mil hectáreas, es decir, los salmones ocupan el uno por mil de lo que se está pidiendo, y mientras tanto, todo parado. Ahí hay un abuso flagrante que no se puede seguir permitiendo, hay que modificar la ley Lafkenche”, subrayó Matthei.

Jose Antonio Kast, former Chilean
Jose Antonio Kast, former Chilean Presidential candidate, speaks during the Conservative Political Action Conference (CPAC) in Mexico City, Mexico August 24, 2024. REUTERS/Toya Sarno Jordan

“Chile necesita volver a ser competitivo en la industria del salmón”, señaló por su parte José Antonio Kast. El candidato apuntó contra la burocracia y adelantó que impulsará una “desregulación sustantiva, reducción de impuestos y menor gasto político”, sintetizó SalmónChile en sus redes. Tampoco lo olvidó “la sustentabilidad ambiental en equilibrio con la viabilidad económica del sector, y llamó a enfrentar las trabas institucionales que frenan el desarrollo del rubro”, recordó la organización.

Jeannette Jara se distanció de ciertos sectores del gobierno de Boric y de las visiones ofrecidas por las ONGs más radicales y mencionó “un nuevo pacto para la salmonicultura”.

“Chile tiene un gran potencial de construir, fortalecer su economía azul, dada la enorme costa que tenemos. Y sin duda, la industria del salmón como segunda industria exportadora de nuestro país todavía tiene mucho espacio para crecer”, señaló.

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“La candidata propuso descentralizar la toma de decisiones, simplificar permisos sin bajar estándares ambientales y fomentar la innovación real. Reafirmó su enfoque en el diálogo social como eje de gobernanza, buscando que el crecimiento llegue a todos los sectores, desde grandes empresas hasta las pymes y las familias chilenas”, consignó SalmónChile en referencia a Jara.

En la apertura de las jornadas del Salmón Summit, Arturo Clément, presidente de SalmonChile, ya había resaltado el papel clave que juega el sector en la economía nacional. “Como sector productivo, nuestra principal preocupación es el estancamiento económico del país y cómo la salmonicultura puede ser parte clave de la solución”, señaló Clément.

“Necesitamos un marco normativo claro y estable que incentive la innovación y el desarrollo local. Finalmente, buscamos que los candidatos conozcan el carácter estratégico de la salmonicultura, no solo para el sur y su aporte a Chile, sino también como pilar de la seguridad alimentaria global”, agregó.

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