Author: Robert Jones

President Donald Trump’s latest move could send shock waves through the fast-fashion industry, and threatens to upend the business models of companies like Shein and Temu while increasing the price of foreign-made goods for U.S. consumers.On Wednesday, the president signed an executive order ending the de minimis tariff exemption for shipments valued at under $800, which the White House said will close the “catastrophic loophole” used to evade customs duties and “funnel deadly synthetic opioids” into the United States.Why It MattersThe move deals a significant blow to the e-commerce sector, in particular companies such as Shein and Temu, which one…

HAMBURG, Germany (AP) — Watching his dad make a brand-new miniature train car look old, placing the wooden parts to weather in the sun and rain, pulled Peter Martínez into the world of miniatures. He recalls his father, who made model trains mostly for collectors or hobbyists, wondering why anyone would pay him to do what he thought was the most fun part of the hobby.“But luckily they did, and we were able to build an industry around it,” Martínez said.The Argentine family business, United Scale Arts, is now partnering with Germany’s Miniatur Wunderland, a museum that houses the largest…

Former Vice President Kamala Harris is set to publish a memoir this fall, offering a candid account of her groundbreaking but brief presidential campaign.”In just 107 days, I traveled the country, fought for our future, and made history with the shortest presidential campaign in modern times,” Harris said in a video announcement Thursday.”Since leaving office, I’ve spent time reflecting on that journey,” Harris said. “This book is my honest and behind-the-scenes account—what I saw, what I learned, and what I believe it will take to move forward.”Newsweek reached out to Harris’ team via email on Thursday for further comment.Why It…

MOSCOW (AP) — Russia’s space chief has visited the United States to discuss plans for continued cooperation between Moscow and Washington on the International Space Station and lunar research with NASA’s acting chief, the first such face-to-face meeting in more than seven years. Dmitry Bakanov, the director of the state space corporation Roscosmos, met Thursday with NASA’s new acting administrator, Transportation Secretary Sean Duffy, on a visit to attend the planned launch of a U.S.-Japanese-Russian crew to the space station. The launch was delayed by weather until Friday, when it blasted off successfully. Dmitry Bakanov, the head of the Russian…

The Trump administration advised Deferred Action for Childhood Arrivals (DACA) recipients to self-deport and warned that they are “not automatically protected from deportation.”Tricia McLaughlin, assistant secretary of Homeland Security, told Newsweek the warning is “not new or news.””Illegal aliens who claim to be recipients of Deferred Action for Childhood Arrivals [DACA] are not automatically protected from deportations,” she said. “DACA does not confer any form of legal status in this country. Any illegal alien who is a DACA recipient may be subject to arrest and deportation for a number of reasons, including if they’ve committed a crime.”Diana Crofts-Pelayo, a spokesperson…

It’s been almost 100 years since the U.S. had tariffs at the level they could reach next Friday.Once President Donald Trump’s planned tariffs take effect, Americans will see an average tax of 18.3% for imported products, the highest rate since 1934, according to the Budget Lab at Yale, a non-partisan policy research center.Late Thursday, Trump ordered new tariff rates for 66 countries, the European Union, Taiwan and the Falkland Islands. Among them: a 40% tariff on imports from Laos, a 39% tariff on goods from Switzerland and a 30% tariff on South African products.Other trade partners, such as Cambodia and…

Former House Speaker Nancy Pelosi rejected President Donald Trump’s suggestion that she “became rich” through insider trading, branding the allegation “ridiculous” during a CNN appearance on Wednesday.Speaking to Newsweek, Pelosi spokesperson Ian Krager said: “Speaker Pelosi does not own any stocks and has no knowledge or subsequent involvement in any transactions.”Why It MattersStock market trading by members of Congress has become controversial in recent years, with critics suggesting some lawmakers have benefited from insider trading.However, none have been convicted since former New York Representative Chris Collins in 2017.Earlier this week, the Senate Homeland Security and Government Affairs Committee voted 8-7…

The top Democrat on the Senate Finance Committee called President Donald Trump’s firing of Bureau of Labor Statistics Commissioner Erika McEntarfer on Friday “the act of somebody who is soft, weak and afraid to own up to the reality of the damage his chaos is inflicting on our economy.””Bottom line, Trump wants to cook the books,” said Sen. Ron Wyden of Oregon in a statement shortly after Trump fired McEntarfer on the heels of a weaker-than-expected jobs report by the BLS.”Trump can’t get through a single day without making some catastrophic decision that undermines confidence in the U.S. economy, and…

Prices for the eponymous Swiss watches, Swiss chocolate and Swiss cheese could skyrocket in a week as a result of U.S. President Donald Trump’s trade war.Switzerland, home to some the world’s most recognizable luxury brands, now faces an upcoming 39% tariff from the U.S. Industry groups on Friday warned that both Swiss companies and American consumers could pay the price.Trump signed an executive order Thursday placing tariffs on many U.S. trade partners — the next step in his trade agenda that will test the global economy and alliances — that’s set to take effect next Thursday. The order applies to…

Juan Barranco Castro, a longtime resident of Jackson, Wyoming, was arrested by Immigration and Customs Enforcement (ICE) agents in the parking lot of a local church last week, according to local news reports.Newsweek has confirmed with the ICE detainee tracker that he is being held in the Denver Contract Detention Facility.Newsweek has reached out to ICE and the Community Bible Church for comment via email.Why It Matters President Donald Trump has pledged to launch the largest mass deportation operation in U.S. history. The initiative has seen an intensification of ICE raids across the country, with thousands of people having been…