Donald “Tariffs” Trump say Washington needs full control over Greenland, Canada & Panama. Trump recommends 50% tariff on the EU starting June 1st




BREAKING: A group representing General Motors, Ford, and Stellantis blast Trump's trade deal with the United Kingdom, saying that it would harm the U.S. auto sector.

"Under this deal, it will now be cheaper to import a UK vehicle with very little U.S. content than a USMCA compliant vehicle from Mexico or Canada that is half American parts," said the American Automotive Policy Council, which represents the Detroit Three automakers. "This hurts American automakers, suppliers, and auto workers."
 

Trump administration poised to accept 'palace in the sky' as a gift for Trump from Qatar: Sources​

In what may be the most valuable gift ever extended to the United States from a foreign government, the Trump administration is preparing to accept a super luxury Boeing 747-8 jumbo jet from the royal family of Qatar -- a gift that is to be available for use by President Donald Trump as the new Air Force One until shortly before he leaves office, at which time ownership of the plane will be transferred to the Trump presidential library foundation, sources familiar with the proposed arrangement told ABC News.

The gift had been expected to be announced next week, when Trump visits Qatar on the first foreign trip of his second term, according to sources familiar with the plans. But a senior White House official said the gift will not be presented or gifted while the president is in Qatar this week.

In a social media post Sunday night, Trump confirmed his administration was preparing to accept the aircraft, calling it a "very public and transparent transaction" with the Defense Department.

Trump had previously toured the plane, which is so opulently configured it is known as "a flying palace," while it was parked at the West Palm Beach International Airport in February.

PHOTO: A 13-year-old private Boeing aircraft that President Donald Trump toured to check out new hardware and technology features and highlight the aircraft maker's delay in delivering updated versions of the Air Force One presidential aircraft. (Ben Curtis/AP)


PHOTO: A 13-year-old private Boeing aircraft that President Donald Trump toured to check out new hardware and technology features and highlight the aircraft maker's delay in delivering updated versions of the Air Force One presidential aircraft. (Ben Curtis/AP)
The highly unusual -- unprecedented -- arrangement is sure to raise questions about whether it is legal for the Trump administration, and ultimately, the Trump presidential library foundation, to accept such a valuable gift from a foreign power.

Anticipating those questions, sources told ABC News that lawyers for the White House counsel's office and the Department of Justice drafted an analysis for Defense Secretary Pete Hegseth concluding that is legal for the Department of Defense to accept the aircraft as a gift and later turn it over to the Trump library, and that it does not violate laws against bribery or the Constitution's prohibition (the emoluments clause) of any U.S. government official accepting gifts "from any King, Prince or foreign State."


Sources told ABC News that Attorney General Pam Bondi and Trump's top White House lawyer David Warrington concluded it would be "legally permissible" for the donation of the aircraft to be conditioned on transferring its ownership to Trump's presidential library before the end of his term, according to sources familiar with their determination.

The sources said Bondi provided a legal memorandum addressed to the White House counsel's office last week after Warrington asked her for advice on the legality of the Pentagon accepting such a donation.

White House press secretary Karoline Leavitt said in a statement to ABC News, "Any gift given by a foreign government is always accepted in full compliance with all applicable laws."

"President Trump's Administration is committed to full transparency," Leavitt added.

Ali Al-Ansari, Qatar's media attaché, said in a statement that the transfer of an aircraft for "temporary use" as Air Force One is current under consideration by Qatar's Ministry of Defense and the U.S. Department of Defense.

PHOTO: President Donald Trump speaks with reporters after disembarking Marine One upon arrival on the South Lawn of the White House in Washington, Sunday, May 4, 2025. (Rod Lamkey/AP)


PHOTO: President Donald Trump speaks with reporters after disembarking Marine One upon arrival on the South Lawn of the White House in Washington, Sunday, May 4, 2025. (Rod Lamkey/AP)
The plane will initially be transferred to the United States Air Force, which will modify the 13-year-old aircraft to meet the U.S. military specifications required for any aircraft used to transport the president of the United States, multiple sources familiar with the proposed arrangement said.

The plane will then be transferred to the Trump Presidential Library Foundation no later than Jan. 1, 2029, and any costs relating to its transfer will be paid for by the U.S. Air Force, the sources told ABC News.

According to aviation industry experts, the estimated value of the aircraft Trump will inherit is about $400 million, and that's without the additional communications security equipment the Air Force will need to add to properly secure and outfit the plane in order to safely transport the commander in chief.

As the Wall Street Journal first reported, the aviation company L3Harris has already been commissioned to overhaul the plane to meet the requirements of a presidential jet.

In his social media post, Trump claimed Democrats are insisting the administration pay "TOP DOLLAR" for the aircraft rather than receive it for free.

Following ABC News' reporting, Democratic Sen. Chuck Schumer said via social media, "Nothing says 'America First' like Air Force One, brought to you by Qatar. It's not just bribery, it's premium foreign influence with extra legroom."

While Sen. Adam Schiff, D-Calif., cited the Constitution's No Title of Nobility clause, writing, "the corruption is brazen."

MORE: Trump is giving Elon Musk an unprecedented amount of power

PHOTO: President Donald Trump walks to board Marine One to depart for Alabama, on the South Lawn of the White House in Washington, D.C., U.S., May 1, 2025. (Nathan Howard/Reuters)


PHOTO: President Donald Trump walks to board Marine One to depart for Alabama, on the South Lawn of the White House in Washington, D.C., U.S., May 1, 2025. (Nathan Howard/Reuters)
Both the White House and DOJ concluded that because the gift is not conditioned on any official act, it does not constitute bribery, the sources said. Bondi's legal analysis also says it does not run afoul of the Constitution's prohibition on foreign gifts because the plane is not being given to an individual, but rather to the United States Air Force and, eventually, to the presidential library foundation, the sources said.

The primary aircraft used in the current Air Force One fleet includes two aging Boeing 747-200 jumbo jets that have been operational since 1990. The Air Force contract with Boeing to replace those aircraft has been riddled with delays and cost overruns.

The original contract was signed in 2018, but as of last year, Boeing anticipated the aircraft would not be ready until 2029, after Trump leaves office.

The president has expressed deep frustration with the delays, tasking Elon Musk to work with Boeing and the Air Force to speed up the process. Those efforts have been modestly successful. Boeing's most recent estimated delivery date is now 2027, but Trump has made it clear he wants a new plane this year.

 
“The Chinese Ministry of Commerce has reported that during negotiations held in Geneva, China and the United States agreed to establish a consultation mechanism on trade and economic issues”
 
The contents of the US-China tariff communique to be released on Monday will be good news for the entire world , China's vice minister of economic affairs said.
 
“The U.S. says it has reached a 'historic agreement' canceling almost all reciprocal tariffs with China

These 'reciprocal tariffs' did not exist before Trump got into power. Once again, he got rid of a problem he created in the first place.“
 
“The U.S. says it has reached a 'historic agreement' canceling almost all reciprocal tariffs with China

These 'reciprocal tariffs' did not exist before Trump got into power. Once again, he got rid of a problem he created in the first place.“
In order to get Richer!
 

South Korea's Hanwha Ocean targets US Navy orders as Trump seeks shipbuilding ties​

Joyce LeeMay 5, 20253:04 AM CDTUpdated a month ago
Interview with Hanwha Ocean's military vessels exec

SEOUL, May 5 (Reuters) - South Korean shipbuilder Hanwha Ocean aims to boost its revenue from overseas military vessels to around 4 trillion won ($2.91 billion) by 2030 and hopes to pick up more repair orders from the U.S. Navy, a senior executive told Reuters.

The Asian country is a major global shipbuilder and trade talks with the U.S. on tariffs brought up possible cooperation in the sector after U.S. President Donald Trump signed an executive order to restore U.S. shipbuilding.
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Hanwha Ocean, formerly Daewoo Shipbuilding, is one of the largest shipbuilders in the world with an order book of $31.43 billion as of the end of March. It acquired a U.S. shipyard in Philadelphia last year to expand in the market. (042660.KS)
Its naval ships business, which has built dozens of submarines and surface vessels used by the South Korean Navy, has won two orders from the U.S. Navy since last year to repair and overhaul its ships for the first time.

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"I think we may be the biggest shipyard in the world that has taken on these maintenance, repair and overhaul orders from the U.S. Navy," said Steve SK Jeong, head of the Naval Ship Global Business at Hanwha Ocean, days after U.S. Secretary of the Navy John Phelan visited its shipyard.

"It is not very profitable, but learning the process of working with the U.S. Navy is valuable, which will help if we win newbuild orders."

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Hanwha Ocean hoped to win a double-digit number of U.S. Navy maintenance and repair orders before 2030, Jeong said.

Trump has vowed to spend "a lot of money on shipbuilding" to restore U.S. capacity, and cited concern over how his country has fallen behind in an industry that is also dominated by China.

Still, U.S. laws can make it harder for foreign shipyards even if they have U.S. operations. They are prohibited from building U.S. Navy vessels, due to the Byrnes-Tollefson Amendment of the U.S. Department of Defense Appropriations Act.

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TRANSPLANTING PROCESSES​

Hanwha Ocean's Philadelphia Shipyard is trying to get a licence that clears it to build U.S. Navy vessels, but transplanting cutting-edge manufacturing processes honed from competition with other South Korean and Chinese shipyards is not as simple as bringing in some automated welding machines, Jeong said.

"I think the U.S. shipbuilding industry hasn't had to compete very much. Facilities are old, and there's a shortage of technicians," Jeong said.

"We are looking to modernise facilities, train and equip workers, and bring in our manufacturing process that can build the same ship in, I think, two-thirds the time or less as that of a U.S. shipyard."

Jeong said the company is investing in South Korea to use existing facilities and expand naval ship capacity to build five submarines and three surface vessels at the same time by 2029, from two submarines and two surface vessels now.

Despite building 17 submarines for the South Korean Navy since 1987, Hanwha Ocean has only actively competed for overseas orders in the last few years as South Korea's low birthrate and shrinking military-age population risk cooling local demand.

It is competing to export submarines to Poland and Canada, a frigate to Thailand as well as knocking on the door in markets in the Middle East, South America, North Africa and Southeast Asia, to build up a sustained flow of orders that would bring foreign sales to 4 trillion won by 2030, Jeong said.

That would be about four times the size of its 1.05 trillion won of revenue in 2024.

($1 = 1,376.08 won)
 
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