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President Donald Trump’s surprise announcement of 30 percent tariffs on imports from the EU and Mexico has triggered immediate backlash from various stakeholders, with less than three weeks to go before the tariffs take effect on August 1.

The tariffs—part of a broader series of trade penalties that include duties on copper and new levies on Canada, Japan, South Korea, and Brazil—have drawn sharp criticism from some of the country’s closest allies and trading partners.

In Canada, Prime Minister Mark Carney responded forcefully to the 35 percent tariff on Canadian goods, defending his country’s record and accusing Trump of undermining years of bilateral cooperation.

 

“Throughout the current trade negotiations with the United States, the Canadian government has steadfastly defended our workers and businesses,” Carney wrote on X. “We are building Canada strong.”

Canada’s United Steelworkers union condemned the copper tariffs, which they say threaten thousands of Canadian jobs.

“This is yet another escalation in Trump’s trade war that puts Canadian jobs and entire industries at risk,” said USW National Director Marty Warren in a July 10 release.

“Canadian workers didn’t start this trade war, but they’re the ones paying the price,” Warren added.

The union also urged Ottawa to protect its domestic industry: “More than 3,000 of our union’s members work in Canada’s copper industry alone. We need immediate and decisive action to protect these workers.”

Across the Atlantic, the EU has not yet issued a formal response, but analysts say the move could derail the bloc’s ongoing negotiations with Washington.

“Trump’s strategy is to make outrageous demands, then bring them down, then make another push to win some last-minute concessions,” Mathieu Savary, Chief Strategist at BCA Research, told Reuters.

He also predicted that Europe may eventually settle for a 10 percent tariff—’something that the EU can actually handle.’

The US move has also rattled Asia. South Korea’s Ministry of Trade said it would accelerate negotiations with the US following Trump’s threat of a 25 percent tariff.

The ministry said its goal is to “produce mutually beneficial results” and address trade imbalances.

Meanwhile, Japan’s Prime Minister Shigeru Ishiba convened a national task force, saying he “deeply regrets” the tariffs and that Tokyo would continue to protect its national interests.

In Africa, South African President Cyril Ramaphosa blasted Trump’s 30 percent tariff on South African exports, calling it unjustified.

“This reciprocal tariff is not based on an accurate representation of trade data,” Ramaphosa said, maintaining that 77 percent of US exports to South Africa are already duty-free while urging the state to respond to a proposed trade framework submitted in May.

In Latin America, Brazil’s President Luiz Inácio Lula da Silva took aim at Trump’s broader protectionist tone.

At the recent BRICS summit in Rio de Janeiro, Lula said: “The world has changed. We don’t want an emperor.”

Lula was responding to Trump’s threat to slap 10 percent tariffs on BRICS nations if they pursued ‘anti-American’ policies. The Brazilian president reiterated calls for a diversified global trade system, including reducing reliance on the US dollar.

Underlying the current showdown is America’s long-standing import dependence.

According to the recent US Geological Survey (USGS), in 2024, the United States was over 50 percent import reliant for 46 nonfuel mineral commodities — and fully import dependent for 12, including many critical minerals used in manufacturing, defense, and energy sectors.

Despite the mounting backlash, President Trump remains firm, repeatedly portraying the tariffs as necessary to protect American industries and secure better trade terms.

Whether this approach yields results or triggers prolonged trade wars remains uncertain. With less than three weeks before the tariffs take effect, stakeholder groups and nations remain varied in their approach and response to the impending sanctions.

But with little indication from the White House of a willingness to retreat, the global economic community is bracing for a turbulent second half of the year.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Monday (July 14) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$119,855, up by 0.6 percent in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$119,417 and a high of US$121,191.

Bitcoin price performance, July 14, 2025.

Chart via TradingView

Bitcoin continued to ride tailwinds into a fresh trading week, moving above US$123,000 briefly. Strong institutional demand and over US$2.7 billion in spot ETF inflows have added support, allowing Bitcoin to hold at the US$119,000 level.

Market analysts pointed to strong institutional inflows and broader participation from family offices in Asia. Ethereum followed suit, climbing past US$3,000, while Solana and XRP each rose by approximately 3 percent.

The global crypto market cap now stands at US$3.81 trillion. Analysts say this could mark a structural shift, with bitcoin increasingly viewed as a reserve asset by both institutions and some central banks.

Stocks tied to crypto companies are soaring in tandem: Coinbase and Robinhood hit new highs, while Circle stock has risen over 500 percent since its IPO.

Popular trader Daan Crypto Trades eyed two key liquidation-related zones to watch next: US$115,500- US$116,500 and the area above US$120,000.

10x head of research Markus Thielen postulates that Bitcoin’s position as a defense against a financial crisis in the US is driving the rally: “The narrative has completely shifted: no one is talking about blockchain use cases or Bitcoin’s technological promise anymore. Bitcoin has become a macro asset, a hedge against unchecked deficit spending.”

Eugene Cheung, chief commercial officer of crypto platform OSL, told Cointelegraph that the asset has the potential to reach US$130,000 to US$150,000 by year-end.

Ethereum (ETH) was priced at US$2,997.69, up by 0.1 percent over the past 24 hours. Its lowest valuation on Monday was US$2,989.38 and its highest was US$3,061.18.

Altcoin price update

  • Solana (SOL) was priced at US$163.92, up by 0.7 percent over 24 hours. Its lowest valuation on Monday was US$162.99, and its highest was US$168.18.
  • XRP was trading for US$2.92, up 2.3 percent in the past 24 hours. The cryptocurrency’s lowest valuation was US$2.92, and its highest was US$3.02.
  • Sui (SUI) is trading at US$3.85, up by 10.6 percent over the past 24 hours. Its lowest valuation was US$3.86, and its highest was US$3.99.
  • Cardano (ADA) deviated from the trend, declining by 1.8 percent to US$0.7302 at the market’s closure, its lowest valuation of the day. Its highest valuation on Monday was US$0.7591.

Today’s crypto news to know

Bitcoin hits record US$123,000 as Congress kicks off Crypto Week

Bitcoin surged to a new all-time high of US$123,153.22 on Monday (July 14), driven by investor optimism ahead of major US congressional debates on crypto regulation.

The House of Representatives is set to consider three pivotal bills this week: the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act.

These proposals aim to create a federal framework for stablecoins, clarify regulatory jurisdiction between the SEC and CFTC, and ban the Federal Reserve from issuing a central bank digital currency.

On Friday, White House crypto adviser Bo Hines said he anticipates the House will pass the GENIUS Act without amendments, sending it directly to the President. However, Maxine Waters, Ranking Member of the House Financial Services Committee, and Stephen Lynch, Ranking Member of the Digital Assets Subcommittee, responded by announcing their intention to lead Democrats in opposing this Republican-led legislation, which they have labeled as dangerous.

In early 2025, Waters introduced a stablecoin discussion draft, later proposing a bill to restrict US officials and their families from crypto promotion or ownership. She also suggested the US Treasury Secretary shouldn’t approve a foreign stablecoin regime if that nation’s leader publicly declared themselves a dictator. Ohio Representative Warren Davidson (R) separately proposed a CLARITY Act amendment to protect the right to use hardware or software wallets for lawful digital asset custody.

In a Monday MSNBC op-ed, Waters reiterated her opposition, claiming the proposed bills are designed by and for the crypto industry and pose a threat to consumers and investors

While Waters has put forward these amendments and alternative proposals, the current expectation is that the GENIUS Act will be brought to a floor vote under a restrictive rule, meaning her amendments are not expected to receive a direct vote today or this week as part of the GENIUS Act itself. Instead, her efforts serve to galvanize Democratic opposition and offer a contrasting policy vision, providing reasons for members to vote ‘no’ on the Republican-led legislation.

OKX joins Global Dollar Network

Crypto exchange OKX joined the Global Dollar Network, a consortium promoting its regulated US dollar-backed stablecoin for wider adoption, leveraging its compliance as a key differentiator.

The Global Dollar Network has attracted dozens of partners since its launch in November 2024, including Robinhood (NASDAQ:HOOD), Kraken, Anchorage Digital, Beam, DBS and Standard Chartered. Its token, Paxos, is regulated by the Monetary Authority of Singapore, with reserves held by Singapore-based DBS Bank. In July, USDG expanded into the European Union, operating under the MiCA framework.

Institutional demand pushes Bitcoin ETF inflows to record levels

Spot Bitcoin ETFs saw a wave of institutional capital last week, with more than US$1 billion flowing in on Thursday alone.

BlackRock’s IBIT fund led the surge, becoming the fastest ETF to surpass US$80 billion in assets. The inflows helped propel Bitcoin above US$120,000, reinforcing its position amid growing mainstream adoption and policy momentum.

Since the start of 2025, Bitcoin spot ETFs have attracted a staggering US$22.7 billion in cumulative inflows, the vast majority of which was captured by US-listed funds.

Grayscale files for IPO

Grayscale confidentially filed a Form S-1 with the US Securities and Exchange Commission for an initial public offering on July 14 (Monday), according to an announcement on the firm’s website.

Grayscale joins a growing list of crypto-native companies capitalizing on surging market interest. On Saturday (July 12), memecoin launch platform Pump.fun raised over US$500 million in an initial coin offering (ICO), selling out 33 percent of its maximum 1 trillion supply in about 12 minutes.

Grayscale’s official press release didn’t disclose details such as the number of shares it plans to sell or the anticipated price range. Its Grayscale Bitcoin Trust ETF (NASDAQ:GBTC) closed up 1.44 percent on Monday.

Bhutan sells US$59 Million in Bitcoin but retains US$1.4 Billion in holdings

Bhutan has sold over US$59 million worth of bitcoin in recent days, taking advantage of the cryptocurrency’s historic run past US$123,000.

According to blockchain analytics platform Lookonchain, the country offloaded 512.84 BTC in the past four days. Even after the sale, Bhutan still holds over 11,400 BTC, now valued at more than US$1.4 billion.

The sales are coordinated by Druk Holding & Investments, the country’s sovereign wealth fund, which operates a clean-energy mining program powered by hydropower.

Unlike Germany, which liquidated seized crypto, Bhutan actively mines and times its sales to coincide with price peaks. Officials have emphasized the environmental sustainability of their operations in line with national policy goals.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

The Federal Reserve has brought in its inspector general to review a building expansion that has drawn fire from the White House, according to a source familiar with the issue.

Fed Chair Jerome Powell asked for the review, following blistering criticism of the project, initially pegged at $2.5 billion but hit by cost overruns that have brought accusations from President Donald Trump and other administration officials of “fundamental mismanagement.”

“The idea that the Fed could print money and then spend $2.5 billion on a building without real congressional oversight, it didn’t occur to the people that framed the Federal Reserve Act,” Kevin Hassett, director of the National Economic Council, said Monday on CNBC’s “Squawk Box.” “We’ve got a real problem of oversight and excess spending.”

The inspector general serves the Fed and the Consumer Financial Protection Bureau and is responsible for looking for fraud, waste and abuse. Powell’s request was reported first by Axios.

In a letter posted to social media last week, Russell Vought, head of the Office of Management and Budget, also slammed the project, which involves two of the Fed’s three Washington, D.C., buildings including its main headquarters known as the Eccles Building.

Vought, during a CNBC interview Friday, likened the building to the Palace of Versailles in France and charged that Powell was guilty of “fiscal mismanagement” at the Fed.

For its part, the central bank has posted a detailed frequently asked questions page on its site, highlighting key details and explaining why some of the specifications were changed or “scaled back or eliminated” at least in part due to higher-than-expected construction costs.

“The project also remediates safety issues by removing hazardous materials such as asbestos and lead and will bring the buildings up to modern code,” the page explains. “While periodic work has been done to keep the buildings occupiable, neither building has seen a comprehensive renovation since they were constructed.”

The Fed is not a taxpayer-funded institution and is therefore not under the OMB’s supervision. It has worked with the National Capital Planning Commission in Washington on the project, but also noted on the FAQ page that it “does not regard any of those changes as warranting further review.”

In separate comments, former Fed Governor Kevin Warsh, speaking Sunday on Fox News, called the renovation costs “outrageous” and said it was more evidence the central bank “has lost its way.” Warsh is considered a strong contender to succeed Powell when the latter’s term as chair expires in May 2026.

This post appeared first on NBC NEWS

I remain very bullish and U.S. stocks have run hard to the upside off the April low with growth stocks leading the way. I expect growth stocks to remain strong throughout the summer months, as they historically do, but we need to recognize that they’ve already seen tremendous upside. Could technology (XLK) names, in particular, use a period of consolidation? Well, if we look at a 5-year weekly chart, the XLK really isn’t that overbought just yet:

The weekly PPO has crossed its centerline and is gaining bullish momentum. The recent price breakout suggests to me that we likely have further to run. And if you look at the weekly RSI, you’ll note that we’ve seen the weekly RSI move well into the 70s and even close to 80 before witnessing a market top or pause. Outside a bit of profit taking, I really don’t see the likelihood of a big selloff here. Keep in mind that the XLK represents 31% of the S&P 500. If the XLK doesn’t slow down, it’s very unlikely that we’ll see any type of meaningful decline in the S&P 500 either.

Growth vs. Value

Growth stocks have historically performed well over the summer months. One way to visualize this is to compare large-cap growth (IWF) to large-cap value (IWD) using a seasonality chart. Check this out:

The average monthly outperformance since 2013 is reflected at the bottom of each month’s column. If you add those numbers for May through August, you get +5.4%. If you add those numbers for the other 8 months combined, you get +0.6%. Clearly, large-cap growth has the tendency to outperform value from May through August. We’re in the growth “sweet spot” right now.

So Should We Lower Our Market Expectations?

I say absolutely not. Yes, we’ve run substantially higher off that April low, but I see more left in the tank. Will we see profit taking from time to time and could we see a period of consolidation? Sure. But I still believe that remaining on the sidelines is a big mistake as plenty of market upside remains. In fact, I see another somewhat forgotten asset class that’s poised to scorch 50% higher or more, possibly over the next 6 months. I’m investing in this area now, as I believe it’s in the early stages of a significant rally, and believe it would be prudent for you to take a look as well. For more information, simply CLICK HERE, provide your name and email address, and I’ll send you a video that explains exactly why I’m favoring this group right now!

Happy trading!

Tom

Attorney General Pam Bondi, FBI Director Kash Patel and Deputy FBI Director Dan Bongino all called for Jeffrey Epstein’s sex-trafficking secrets to be made public long before the DOJ’s stunning about-face last week.

‘This systemic review revealed no incriminating ‘client list,’’ read a joint memo leaked to Axios a week ago. ‘There was also no credible evidence found that Epstein blackmailed prominent individuals as part of his actions. We did not uncover evidence that could predicate an investigation against uncharged third parties.’ 

The revelation shocked many MAGA Republicans and Trump supporters, who had for years believed that Epstein was at the heart of a child sex trafficking ring that involved blackmailing prominent movers and shakers worldwide. Many also doubt the government’s finding that Epstein died by his own hand in New York’s Metropolitan Correctional Center in 2019.

Trump has since brushed off the Epstein investigation as old news, slamming a reporter who asked about Epstein during a Cabinet meeting last week, and posting a Truth Social message on Saturday defending Bondi for her leadership over the case and claiming that Epstein is ‘somebody that nobody cares about.’

‘LET PAM BONDI DO HER JOB — SHE’S GREAT! The 2020 Election was Rigged and Stolen, and they tried to do the same thing in 2024 — That’s what she is looking into as AG, and much more,’ Trump wrote in a lengthy Truth Social post defending Bondi. ‘One year ago our Country was DEAD, now it’s the ‘HOTTEST’ Country anywhere in the World. Let’s keep it that way, and not waste Time and Energy on Jeffrey Epstein, somebody that nobody cares about.’

As MAGA supporters continue calling for details on Epstein’s crimes and alleged ties to the world’s elite, Fox News Digital took a look back at what Bondi, Patel and Bongino had to say about Epstein before the anticlimactic memo dropped. 

AG PAM BONDI 

Just a couple of weeks after Bondi was sworn in as the nation’s 87th attorney general on Feb. 5, she joined Fox News Channel and touted her mission of transparency, most notably on Epstein, and the assassinations of former President John F. Kennedy and Martin Luther King Jr. 

‘The DOJ may be releasing the list of Jeffrey Epstein’s clients. Will that really happen?’ Fox News’ John Roberts asked Bondi in an interview on Feb. 21. 

‘It is sitting on my desk right now to review. That’s been a directive by President Trump. I’m reviewing that. I’m reviewing the JFK files, the MLK files. That is all in the process of being reviewed because that was done at the directive of the president from all these agencies,’ Bondi responded. 

‘Have you seen anything that you said, ‘Oh, my gosh?’’ Roberts asked.

‘Not yet,’ Bondi responded. 

Bondi released an initial batch of files on Epstein to a handful of social media personalities in late February, but the packets did not contain new evidence. However, Bondi once again vowed to come through on Trump’s message of transparency on Epstein’s ‘disgusting actions.’

‘This Department of Justice is following through on President Trump’s commitment to transparency and lifting the veil on the disgusting actions of Jeffrey Epstein and his co-conspirators,’ Bondi said in press release. ‘The first phase of files released today sheds light on Epstein’s extensive network and begins to provide the public with long overdue accountability.’ 

The next month, in March, Bondi joined Fox News’ Sean Hannity and said she ordered the FBI to deliver evidence related to Epstein under a firm deadline, claiming a local field office in New York initially withheld evidence on Epstein. 

‘I gave [the FBI] a deadline of Friday at 8 a.m. to get us everything,’ Bondi said. ‘And a source had told me where the documents were being kept, Southern District of New York, shock. So we got them all by Friday at 8 a.m.’

‘Thousands of pages of documents. I have the FBI going through them… and Director Patel is going to get us a detailed report as to why the FBI withheld all of those documents,’ she continued at the time. 

Bondi again in May fanned the flames of a potential Epstein bombshell when she stated there were no files missing from her investigation and that the DOJ had uncovered tens of thousands of videos showing Epstein with ‘children and child porn.’

‘No, the FBI, they’re reviewing tens of thousands of videos of Epstein with children or child porn,’ Bondi told the media in May when asked about the Epstein files. 

‘There are hundreds of victims,’ she added. ‘… The FBI is diligently going through that.’

Bondi was confronted about her February comments on the Epstein files during a Cabinet meeting on Tuesday, where she defended her remarks to Fox News regarding claims that the Epstein files were on her desk and ready for review. 

‘I was asked a question about the client list, and my response was, ‘it’s sitting on my desk to be reviewed,’ meaning the file along with the JFK, MLK files as well,’ Bondi responded. 

‘That’s what I meant by that. Also, to the tens of thousands of video, they turned out to be child porn downloaded by that disgusting Jeffrey Epstein,’ she continued, saying no such videos would be released or ‘see the light of day.’ 

DIRECTOR PATEL

Long before Patel was floated and named as Trump’s FBI chief, the longtime opponent of the ‘Deep State’ claimed the FBI was in control of Epstein’s reported client list and said it could be released on Trump’s first day in office via a subpoena. 

‘That’s under direct control of the director of the FBI,’ Patel said in 2023 during an interview with BlazeTV’s Glenn Beck. ‘That’s a thing I think President Trump should run on. On day one, roll out the black book.’ 

Patel added in an interview with conservative social media personality Benny Johnson that same year that the FBI was keeping the list private due to the high-profile names in Epstein’s orbit. 

‘Put on your big boy pants and let us know who the pedophiles are,’ Patel said, aiming his remarks at Republican lawmakers. 

He continued that ‘one subpoena to the FBI’ would have forced the release of the alleged list during the same interview with Johnson. 

Patel, who was seen as one of Trump’s more controversial Cabinet picks, earned the praise of key senators for his public calls to uncover details on Epstein ahead of his confirmation hearings. Sen. Marsha Blackburn, R-Tenn., for example, promoted Patel’s nomination as FBI director as he would reveal details on Epstein. 

‘I look forward to working with Kash Patel as FBI Director to release Epstein’s flight logs and black book,’ Blackburn posted to X following Patel’s nomination in November. ‘Under the Trump administration, the American people are going to get answers.’

Fast-forward to his confirmation hearing in January, Patel vowed he would work to uncover Epstein’s alleged vast web of crimes and connections to high-profile individuals. 

‘I want to talk to you about the Epstein case,’ Blackburn told Epstein in January during his confirmation hearing. ‘I have worked on this for years, trying to get those records of who flew on Epstein’s plane and who helped him build this international human trafficking, sex trafficking ring. Now earlier I urged then Chairman Durbin to subpoena those records and I ended up being blocked by Senator Durbin and Christopher Wray. They stonewalled on this and I know that breaking up these trafficking rings is important to President Trump. So will you work with me on this issue so we know who worked with Jeffrey Epstein in building the sex trafficking rings?’

‘Absolutely, Senator,’ Patel responded. ‘Child sex trafficking has no place in the United States of America. And I will do everything, if confirmed as FBI director, to make sure the American public knows the full weight of what happened in the past and how we are going to counterman missing children and exploited children going forward.’

Patel again vowed in February that he would let no stone go unturned as Bondi demanded more documents from the FBI related to Epstein. 

‘The FBI is entering a new era – one that will be defined by integrity, accountability, and the unwavering pursuit of justice. There will be no cover-ups, no missing documents, and no stone left unturned – and anyone from the prior or current Bureau who undermines this will be swiftly pursued. If there are gaps, we will find them. If records have been hidden, we will uncover them. And we will bring everything we find to the DOJ to be fully assessed and transparently disseminated to the American people as it should be. The oath we take is to the Constitution, and under my leadership, that promise will be upheld without compromise,’ he posted to X a the time. 

Patel and Bongino joined Fox News’ Maria Bartiromo in May and defended that evidence showed Epstein killed himself in his New York City jail cell in 2019 – a death many speculated was not suicide, but a cover-up to allegedly protect elites wrapped up in Epstein’s crime – which sparked outrage among conservatives for their handling of the case. 

‘As someone who has worked as a public defender, as a prosecutor who’s been in that prison system, who’s been in the Metropolitan Detention Center, who’s been in segregated housing, you know a suicide when you see one, and that’s what that was,’ Patel said when questioned about Epstein’s death during the interview. 

As Trump supporters spoke out against the FBI and DOJ memo determining there was no Epstein bombshell, reports circulated that a rift at DOJ could lead to Patel resigning. The FBI chief denied such claims on X while also adding that ‘the conspiracy theories just aren’t true.’ 

‘The conspiracy theories just aren’t true, never have been. It’s an honor to serve the President of the United States @realDonaldTrump – and I’ll continue to do so for as long as he calls on me,’ he posted to X. 

DEPUTY DIRECTOR BONGINO 

Back when Deputy FBI Director Dan Bongino hosted a popular national podcast, he urged Americans to keep their eyes peeled on details related to Epstein because it’s a ‘big deal.’

‘That Jeffrey Epstein story is a big deal. Please do not let that story go. Keep your eye on it,’ he told his audience in May 2023. 

In January 2024, Bongino again claimed to his audience that details surrounding Epstein were shocking and that he heard from trusted sources that there were multiple videos showing Epstein with associates abusing children. 

‘Ladies and gentlemen, it has been speculated by many people who are extremely credible,’ Bongino said on a podcast in 2024, ‘including multiple sources to others and to me – one I spoke to directly – that there are a multitude of tapes.’

‘This is where I get really upset at the media,’ he said later in the podcast, adding that journalists had ‘done almost like no – maybe because I was an investigator before, it’s like, I’m amazed at how few people are putting two and two together.’

Following Patel and Bongino reporting to the public that evidence showed Epstein committed suicide, Bongino posted to X that he was not asking Americans to ‘believe me, or not,’ but was telling them the facts surrounding ‘what exists, and what doesn’t.’

‘I was asked about some of the details surrounding the Jeffrey Epstein case. I have reviewed the case. Jeffrey Epstein killed himself. There’s no evidence in the case file indicating otherwise,’ Bongino posted on the social platform X after the interview. ‘I’m not asking you to believe me, or not. I’m telling you what exists, and what doesn’t. If new evidence surfaces I’m happy to reevaluate.’

Reports spread over the weekend that Bongino clashed with Bondi over the Epstein files, including allegedly raising his voice at White House chief of staff Susie Wiles before abruptly leaving a meeting. Bongino was said to be irate over Bondi’s ‘lack of transparency from the start’ over the handling of the files. Bongino is considering resigning over the matter, but no decision has been made publicly known. 

Trump, meanwhile, threw his support behind Bondi in the Saturday Truth Social post while underscoring members of his administration are all on the same team. 

‘What’s going on with my ‘boys’ and, in some cases, ‘gals?’ They’re all going after Attorney General Pam Bondi, who is doing a FANTASTIC JOB,’ Trump wrote in a lengthy post on Truth Social on Saturday. ‘We’re on one Team, MAGA, and I don’t like what’s happening.’ 

‘For years, it’s Epstein, over and over again,’ Trump continued while pinning blaming for the files on Democrats. ‘Why are we giving publicity to Files written by Obama, Crooked Hillary, Comey, Brennan, and the Losers and Criminals of the Biden administration.’

‘They created the Epstein Files, just like they created the FAKE Hillary Clinton/Christopher Steele Dossier that they used on me, and now my so-called ‘friends’ are playing right into their hands,’ Trump wrote. ‘Why didn’t these Radical Left Lunatics release the Epstein Files? If there was ANYTHING in there that could have hurt the MAGA Movement, why didn’t they use it?’

Trump, who said from the campaign trail he was open to releasing such Epstein files if re-elected, slammed a reporter on Tuesday for inquiring about the files, calling Epstein a ‘creep’ who was old news in comparison to national tragedies such as the floods that gripped Texas this month. 

‘This guy’s been talked about for years. You’re asking.… We have Texas, we have this, we have all of the things. And are people are still talking about this guy, this creep?’ Trump asked. ‘That is unbelievable.’

‘I mean, I can’t believe you’re asking a question on Jeffrey Epstein,’ Trump added. ‘At a time like this, where we’re having some of the greatest success and also tragedy with what happened in Texas. It just seems like a desecration. But you go ahead.’ 

The DOJ and White House did not immediately respond to Fox News Digital’s requests for comment on the previous remarks from DOJ leadership ahead of the memo determining Epstein did not have a client list. 

Fox News Digital’s Ashley Oliver, Brooke Signman, and Brie Stimson contributed to this report. 

This post appeared first on FOX NEWS

Former President Joe Biden defended his use of an autopen during a recent interview, shedding light on his administration’s rationale for the controversial use of the technology.

The interview with the New York Times was centered around his use of an autopen during the last pardons that he made during the end of his administration.

In his final weeks in office, Biden granted clemency and pardoned more than 1,500 individuals, in what the White House described at the time as the largest single-day act of clemency by a U.S. president.

Speaking to the Times on Thursday, Biden said that he ‘made every decision’ on his own.

‘We’re talking about [granting clemency to] a whole lot of people,’ the Democrat said.

However, the Times reported that Biden ‘did not individually approve each name for the categorical pardons that applied to large numbers of people,’ according to the former president and his aides.

‘Rather, after extensive discussion of different possible criteria, [Biden] signed off on the standards he wanted to be used to determine which convicts would qualify for a reduction in sentence,’ the Times’s report read.

Instead of repeatedly asking the president to resign updated versions of official documents, his staff used an autopen to put Biden’s signature on the final version.

Biden’s comments came as Republicans attacked him for his autopen use on a massive number of official documents.

In June, President Donald Trump sent a memo to the Department of Justice directing Attorney General Pam Bondi to investigate the autopen use, and to determine whether it was related to a decline in Biden’s mental state.

‘In recent months, it has become increasingly apparent that former President Biden’s aides abused the power of Presidential signatures through the use of an autopen to conceal Biden’s cognitive decline and assert Article II authority,’ Trump wrote. 

‘This conspiracy marks one of the most dangerous and concerning scandals in American history. The American public was purposefully shielded from discovering who wielded the executive power, all while Biden’s signature was deployed across thousands of documents to effect radical policy shifts.’

Also in June, Trump told reporters that he thought it was ‘inappropriate’ to use an autopen at all, though past presidents have used them.

‘Usually, when they put documents in front of you, they’re important,’ Trump said. ‘Even if you’re signing ambassadorships or – and I consider that important, I think it’s inappropriate.’

‘You have somebody that’s devoting four years of their life or more to being an ambassador. I think you really deserve that person deserves to get a real signature… not an autopen signature.’ 

Fox News Digital’s Breanne Deppisch contributed to this report.

This post appeared first on FOX NEWS

The Trump administration is speeding up its efforts to address a nationwide shortage of Air Traffic Controllers. 

Earlier this year, Transportation Secretary Sean Duffy announced a push to hire 2,000 new controllers by the end of the year. 

Inside the Federal Aviation Administration’s Oklahoma City training site, there is cutting-edge simulation technology that gives trainees a real feel for working in the tower. 

According to the FAA, that technology cuts weeks off the time required for certification. Now, federal aviation officials say they’re on track to reach the goal of 2,000 new controllers by mid-September. 

‘Keying up, telling an aircraft to do something is not something that just comes natural to people…It’s learning that phraseology,’ explained Chris Wilbanks, the FAA’s Vice President of Mission Support. ‘It’s making sure that the pilot completely understands the instruction that you just gave him.’ 

Each trainee starts with a 30-day basics course, followed by six to eight weeks of specialized training in both tower and radar operations. 

You impact people’s lives,’ said Wilbanks. ‘They get on an airplane; they make it to their destination safely. They don’t know who got them there, but it’s you.’ 

The push for more air traffic controllers comes as staffing shortages caused delays earlier this year at busy airports such as Newark, New Jersey. 

‘We just put a brand-new simulation in Newark … We do have our problem spots out there. We keep our eyes on it every day,’ Wilbanks said. 

To help meet the demand, Transportation Secretary Duffy launched the Supercharge Initiative earlier this year. Part of that $12.5 billion boost to FAA infrastructure includes $100 million for training. 

July alone has seen the highest number of academy students in training in FAA’s history, with 550 students expected by the end of the month. 

The FAA reports it has shaved more than five months off the administrative process. Students who scored in the top percentile are now being placed into the academy more quickly. 

‘It’s going to take time to address the nationwide controller shortage, but I’m pleased to see our supercharge initiative is taking off. With our new streamlined hiring process, the best and the brightest candidates are starting their careers in air traffic control faster,’ said U.S. Transportation Secretary Sean P. Duffy in a newsletter sent to FOX early Friday. ‘We’ll continue to leverage opportunities big and small to keep chipping away at the shortage to keep our skies safe.’

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President Donald Trump and his team are tackling the messy and bloody world we inherited with historic achievements. Through deftly negotiated truces in the Middle East, Africa and Asia, our recent agreement with NATO and the successful strike on Iranian nuclear facilities, the U.S. is now well positioned to win lasting peace. 

But despite this historic run, tremendous global challenges remain. Russia’s war against Ukraine goes on, and Communist China rattles sabers in the Pacific. 

President Trump needs his full diplomatic team in place, and the time has come to fill the gap at the United Nations with his chosen successor, my friend, fellow veteran, and former House colleague Mike Waltz.

In September, the U.N. will hold its 80th annual gathering of world leaders at the General Assembly in New York, and so that the United States is fully represented, the U.S. Senate should act swiftly to confirm Mike Waltz before their annual August recess.

Mike is the right man for the time we’re living in – and for an America First approach to foreign policy. As I see it, there are six major issues facing the U.N. that Mike will address during his tenure there.

First, the U.N. Security Council must refocus its central mission of settling disputes and brokering deals. No more progressive political signaling.

Second, the U.N. needs to reform its terribly ineffective and toothless ‘peacekeeping’ missions. These security forces sitting on their bases for decades aren’t making dangerous places any safer.

Third, we must counter China in standards-setting bodies. For too long, we have failed to push back on Communist China’s influence. Mike understands the need to be tough with the CCP and I know he will deliver on this front.

Fourth, it is time to dismantle the United Nations Relief and Works Agency for Palestine Refugees (UNRWA) and its $1.2 billion budget. Corruption pervades this sham agency. President Trump has not been shy about calling out other U.N. deficiencies. He pulled the U.S. out of the so-called Human Rights Council and the World Health Organization, and Mike will see to it that we do not engage with such insidious works on his watch.

Fifth, antisemitism itself must be stamped out at the U.N. For too long the corrosive hatred of the Jewish people has festered at the organization. Israel has a right to exist, a right to live free of fear and with peaceful neighbors. 

Finally, it is time to defund foreign aid programs not in line with President Trump’s America First agenda. Woke waste is rampant at the U.N. and the House Foreign Affairs Committee, which I chair, has identified several ridiculous examples. Programs promoting ‘Gender sensitive approaches to addressing the Digital Information Disorder’ and ‘Being LGBTI in the Caribbean,’ for example, need to end and Mike will see that that they do.

Mike dedicated his life to national service. He’s a retired U.S. Army colonel and Green Beret who was awarded four Bronze Stars. He’s spent nearly three decades defending our country on the battlefield and serving the American people in the halls of power. 

The title of Mike’s 2014 book is ‘Warrior Diplomat,’ and at the U.N. it is his understanding of foreign policy that may be his greatest asset. Before joining the Trump administration, he was policy director for two secretaries of defense and was elected three times to Congress, where he served on the Foreign Affairs, Intelligence and Armed Services Committees, as well as the House China Task Force.

Mike is a seasoned operator, a principled America First conservative, and a skilled communicator who is unafraid to take America’s case directly to the world. Mike will be the president’s voice at the U.N. and will faithfully implement President Trump’s agenda while maintaining our historic ‘peace through strength’ philosophy that won the Cold War.

Earlier this year, in an executive order initiating a full review of U.S. involvement in the U.N., President Trump criticized the organization for being more eager to take ideological stances and back our adversaries than to tackle difficult global issues. 

Still, as the president signed the order, he repeated a sentiment he’s expressed frequently since 2017: ‘I’ve always felt that the U.N. has tremendous potential. It’s not living up to that potential right now.’ Realizing that potential will be a big part of Mike’s job as the president’s emissary.

For all its imperfections, the United Nations remains a forum for advancing American interests and challenging our adversaries on the world stage. At this time of global tension and conflict, we need someone smart, tested and clear-eyed representing us there. It’s time to confirm Mike Waltz.

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In his 26th week back in the Oval Office, President Donald Trump is expected to make a ‘major announcement’ related to Russia, hold a meeting with the NATO chief, and join a summit in Pennsylvania as America’s race to lead the world on artificial intelligence continues. 

July 13 marks the one-year anniversary of the first assassination attempt on Trump during the 2024 presidential cycle. Trump spent the anniversary at his home in Bedminster, N.J., before traveling with first lady Melania Trump to the FIFA Club World Cup final on Sunday at MetLife Stadium in the Garden State. 

Trump returned to the White House on Sunday evening and is expected to have another whirlwind workweek. 

MEETING WITH NATO CHIEF

Trump will meet with NATO Secretary General Mark Rutte this week following the U.S. president saying last week that the U.S. is selling weapons to its NATO allies for them to be passed along to Ukraine as it continues battling Russia. 

The NATO chief will be in Washington, D.C., on Monday and Tuesday, and will meet with Trump, Secretary of Defense Pete Hegseth and Secretary of State Marco Rubio, according to The Associated Press. Additional details on the meetings, however, have not yet been publicly released. 

Republican South Carolina Sen. Lindsey Graham said on CBS’ ‘Face the Nation’ on Sunday that Ukraine can expect to see an influx of weapons. Russia first invaded Ukraine in February of 2022. 

‘In the coming days, you’ll see weapons flowing at a record level to help Ukraine defend themselves,’ Graham said on CBS’ ‘Face the Nation. 

‘One of the biggest miscalculations Putin has made is to play Trump. And you just watch, in the coming days and weeks, there’s going to be a massive effort to get Putin to the table.’

Trump and Rutte most recently met in the Netherlands in June for a summit, where the NATO chief showed the makings of a blossoming friendship with Trump, including referring to Trump as ‘daddy’ for his handling of the Middle East. 

‘MAJOR’ RUSSIA ANNOUNCEMENT 

Trump teased last week that he would make a ‘major statement’ on Russia in the coming days as the NATO meetings prepare to kick off this week. 

‘I’m disappointed in Russia, but we’ll see what happens over the next couple of weeks,’ Trump told NBC last week. 

‘I think I’ll have a major statement to make on Russia on Monday,’ he added, without elaborating. 

Graham said in his interview on ‘Face the Nation’ on Sunday that ‘a turning point regarding [the Russian] invasion of Ukraine is coming,’ as Congress works to impose new economic sanctions on Russia to help end the war. 

‘For months, President Trump has tried to entice [Russian President Vladimir] Putin to the peace table. He’s put tariffs against countries that allow fentanyl to come in our country, other bad behavior — he’s left the door open regarding Russia. That door is about to close,’ Graham said on Sunday. 

TRUMP HEADS TO ENERGY AND AI SUMMIT

Trump will head to Pittsburgh on Tuesday for Pennsylvania Republican Sen. Dave McCormick’s inaugural Energy and Innovation Summit hosted at Carnegie Mellon University. 

The event is slated to focus on the U.S. power grid, America bid to win the AI race against China, as well as promoting the Keystone State as an ideal resource to help power the country’s future with AI and energy. 

‘The United States needs to win the artificial intelligence fight. We have to stop China, and we have to win this war for dominance in AI. And the way you win the war for dominance in AI is to win the war for energy dominance. That’s why our focus is on producing more here in the United States,’ said Mike Sommers, CEO and president of the American Petroleum Institute who will attend the summit, told Fox News Business of the event. 

‘Over the course of the last few years, energy demand has only gone up by about 2.5% a year. In the next seven years, we expect that energy demand is going to go up by 25%. The question that policymakers have to answer is: ‘Where is that energy going to come from?’ We think it should come from the United States,’ Sommers added. 

The event is expected to attract protesters, with Carnegie Mellon’s president calling on the school community to continue its history of ‘constructively engaging’ with presidencies across the ‘political spectrum.’

‘We have a history of constructively engaging with the federal government and administrations across the political spectrum. We view these opportunities as consequential to elevating and advancing both Carnegie Mellon’s mission and impact, and we bring to those moments the full measure of our expertise, our values and our voice in service to the nation,’ school president Farnam Jahanian said in a letter previewing the event on Sunday. 

Fox News Digital’s Amanda Macias contributed to this report. 

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After more than two decades of serving in the U.S. Navy and building government systems, I have witnessed firsthand how millions of dedicated Americans work every day in service of their fellow citizens and the security of our democracy. I have also seen both the immense potential — and frustrating inertia — that plagues public service. An unrealized opportunity exists to connect the U.S. government’s critical missions with the transformative power of commercial technology. 

Consider this: of the world’s 10 largest companies by market capitalization, a staggering eight are American founded. This is no accident; it is a direct result of our nation’s unparalleled entrepreneurial spirit. The critical question, however, is whether our own government is prepared to harness this strategic asset.  

Instead of tapping this engine of innovation, the U.S. government is held captive by its outdated processes. Entrenched legacy vendors have dug their claws in, and this has led to a general resistance to change. As the saying goes, ‘it takes a while to turn a big ship around.’  

That rings true with actual warships and aircraft carriers, but it also applies to how government agencies resist adopting new tools that improve collaboration, efficiency and security. Instead, the U.S. government and its outdated procurement processes cling to existing technology platforms, such as Microsoft’s suite of products that have been compromised time and again by China, which also happens to be one of the company’s most significant business partners. 

Breaking the shackles of ‘vendor lock-in’ — where the government becomes overly reliant on specific vendors even if they underperform — is crucial for fostering a new era of innovation that benefits America. When a company or product fails to perform well in the commercial sector, it’s terminated immediately.  

In the public sector, the company is usually allowed to see out their multi-year contracts and when it’s finally time to negotiate a renewal, all is forgotten. A more competitive public sector landscape, welcoming innovators and startups, can provide fresh perspectives, specialized solutions, and the speed to address rapidly evolving challenges. 

This is not a unique approach. Other nations are adopting this model, attempting to gain an edge over America. For example, China launched a program in 2023, with 39 partners, including Alibaba Cloud and Baidu, to advance computing power and AI.  

Russia subsidizes companies implementing digital transformation; and Iran, despite sanctions, is investing significantly in AI research and building a sovereign AI ecosystem. Our adversaries recognize that commercial tools drive rapid progress and are actively breaking down barriers to catch up to American AI leadership. 

There are understandable reasons for hesitancy. For years, Silicon Valley has been closely associated with the ‘move fast and break things’ mantra, while the U.S. government has looked on with both envy (of the speed and efficiency) and concern (over potential impacts to its services). However, learning from the commercial mindset of agility and a relentless drive for improvement will help it to serve the American public better. The benefits? Reduced waste, greater efficiency and better taxpayer value.  

Nowhere is this approach more critical than in national security. The threats America faces are constantly evolving and leveraging emerging technology to do so. Maintaining our edge requires more than just incremental improvements; it demands continuous access to cutting-edge capabilities.  

Leveraging the R&D engines of American commercial innovation — in areas like AI, cybersecurity, data analytics and resilient infrastructure — is not just advantageous; it’s essential. If Washington fails to leverage this homegrown ingenuity, it does so at our national peril, especially as our adversaries work tirelessly to do just that. 

Other nations are adopting this model, attempting to gain an edge over America. For example, China launched a program in 2023, with 39 partners, including Alibaba Cloud and Baidu, to advance computing power and AI. 

Government agencies tasked with everything from defending the nation to delivering health services need to have immediate access to the latest advancements in AI and data analytics, and they can only do so by leveraging powerful commercial tools with a platform for continuous improvement — an asset for national security and public service. 

AI could be used to accelerate some of the government’s most notorious backlogs, such as the millions of immigration court cases, the accumulation in environmental reviews for energy projects, and pileups in programs like Social Security or Veterans Affairs healthcare. AI can analyze data at lightning speed, helping federal agencies and their partners deliver on mission-critical work at an accelerated pace.  

The urgent need for a more agile, efficient, innovative and secure government is too significant to ignore. This is a pivotal moment. By embracing the discipline, accountability, and innovative spirit of the commercial sector, the U.S. government can unlock new levels of performance and effectiveness. Change is hard. But as adversaries gain on America — or worse, overtake us — change is mandatory.  

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