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Today's Political News Compilation - Tuesday, April 8, 2025

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Below are some of the top political news stories of the day:



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Trump says high tariffs may have prevented the Great Depression. History says different

By WILL WEISSERT
Updated 11:02 PM CDT, April 7, 2025

WASHINGTON (AP) — In the early days of the Great Depression, Rep. Willis Hawley, a Republican from Oregon, and Utah Republican Sen. Reed Smoot thought they had landed on a way to protect American farmers and manufacturers from foreign competition: tariffs.

President Herbert Hoover signed the Smoot-Hawley Tariff Act in 1930, even as many economists warned that the levies would prompt retaliatory tariffs from other countries, which is precisely what happened. The U.S. economy plunged deeper into a devastating financial crisis that it would not pull out of until World War II.

Most historians look back on Smoot-Hawley as a mistake that made a bad economic climate much worse. But tariffs have a new champion in President Donald Trump.

Like Trump, Hoover was elected largely because of his business acumen. An international mining engineer, financier and humanitarian, he took office in 1929 like an energetic CEO, eager to promote public-private partnerships and use the levers of government to promote economic growth.

“Anyone not only can be rich, but ought to be rich,” he declared in his inaugural address before convening a special session of Congress to better protect U.S. farmers with “limited changes of the tariff.” ...

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Future of Trump budget bill uncertain as House GOP rebels mutiny over Senate plan

  • News source: FOX News
  • Replies: 0
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House Republicans are divided over how to proceed on a massive piece of legislation aimed at advancing President Donald Trump's agenda as a possible vote on the measure looms Wednesday afternoon.

Fiscal hawks are rebelling against GOP leaders over plans to pass the Senate's version of a sweeping framework that sets the stage for a Trump policy overhaul on the border, energy, defense and taxes.

Their main concern has been the difference between the Senate and House's required spending cuts, which conservatives want to offset the cost of the new...
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Fox News Politics Newsletter: 'Spine of steel', willing to deal

  • News source: FOX News
  • Replies: 0
  • Views: 0
Welcome to the Fox News Politics newsletter, with the latest updates on the Trump administration, Capitol Hill and more Fox News politics content.

Here's what's happening…

-Here's the list of books the Naval Academy removed from its library during DEI purge

-Supreme Court sides with Trump over fired probationary federal employees

-Judge Boasberg cancels planned hearing to review Trump deportations

White House Press Secretary Karoline Leavitt insisted Tuesday that "all options are on the table for each country" when it comes to making deals over...
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Trump trade rep takes bipartisan fire over tariffs as Dem launches bid to halt them

  • News source: FOX News
  • Replies: 0
  • Views: 0
Wall Street rebounded into the green as multiple foreign countries came to the tariff negotiating table with President Donald Trump – but that was not enough to assuage some lawmakers’ critiques of the "alla prima" tariff actions, as one Republican put it.

U.S. Trade Representative Jamieson Greer testified Tuesday the U.S. has long-suffered from "China Shock" – the surge in manufacturing outputs from the Communist nation since the turn of the century – and that the U.S. had to do something substantive but strategic about the 5 million manufacturing...
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New GOP proposal builds off Laken Riley Act with slew of crimes targeting illegals

  • News source: FOX News
  • Replies: 0
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EXCLUSIVE: Legislation will be introduced Tuesday to expand the list of crimes that would require a migrant to be taken into custody.

The "Safeguarding American Property Act" would add arson, vandalism and trespassing to the crimes that would require those in the country illegally to be placed into federal custody.

"Property rights are a fundamental American value," Rep. Troy Downing, R-Mont., said in a statement to Fox News Digital.

TRUMP SIGNS LAKEN RILEY ACT INTO LAW AS FIRST LEGISLATIVE VICTORY IN NEW ADMINISTRATION

"Those who disregard our...
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Iran says it is ready for nuclear deal if US stops military threats

  • News source: BBC News - World
  • Replies: 0
  • Views: 0
Foreign Minister Abbas Araghchi says Iran will "never accept coercion" ahead of Saturday's talks in Oman.
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China is not backing down from Trump's tariff war. What next?

  • News source: BBC News - World
  • Replies: 0
  • Views: 0
The US-China trade war shows no signs of slowing down, leaving the world unsure of what to expect.
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Albanese and Dutton face-off in first Australia election debate

  • News source: BBC News - World
  • Replies: 0
  • Views: 0
Cost of living issues dominated the debate and the political rivals were asked about Trump's tariffs.
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Trump signs executive orders aimed at revitalizing coal industry

  • News source: Politics - CBSNews.com
  • Replies: 0
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President Trump signed four executive actions on Tuesday aimed at reversing policies that transitioned the country away from coal production and aimed at boosting America's "beautiful clean coal industry," as the White House put it.

The actions are meant to help the U.S. achieve affordable and reliable energy by "slashing unnecessary regulations," Mr. Trump said. The president said he's using the Defense Production Act to "turbocharge" coal mining in America. Mr. Trump also said his administration is working through the legalities of making it...
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Judge rules for Associated Press in White House access dispute

  • News source: Politics - CBSNews.com
  • Replies: 0
  • Views: 4
Washington — A federal judge on Tuesday ruled for the Associated Press in its ongoing dispute with the White House and ordered top officials to restore the news outlet's access to the Oval Office, Air Force One and other spaces when they are open to other members of the press pool.

In a 41-page decision, U.S. District Judge Trevor McFadden granted the AP a preliminary injunction blocking the federal government from restricting its access to certain media events because of its decision to continue using the name Gulf of Mexico.

President Trump on...
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WATCH: Mike Tyson reveals why he is backing the 'Congressional Fitness Challenge'

  • News source: FOX News
  • Replies: 0
  • Views: 3
FIRST ON FOX: Schools around the country could soon be able to opt into the "Congressional Fitness Challenge," including legendary boxer Mike Tyson’s own academy.

House Concurrent Resolution 20, introduced by Rep. Abe Hamadeh, R-Ariz., would create a voluntary program that would allow students who successfully complete the challenge to receive a signed certificate from the speaker of the House, president pro tempore of the Senate, and the student’s senator and congressman.

"Listen, because we need to be in shape, man," Tyson told Fox News Digital...
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Trump, Hegseth reveal whopping figure they want for the next Pentagon budget

  • News source: FOX News
  • Replies: 0
  • Views: 4
President Donald Trump and Defense Secretary Pete Hegseth vowed to hike the Pentagon budget to over $1 trillion for the first time ever.

Speaking to reporters alongside Israeli Prime Minister Benjamin Netanyahu, Trump said the upcoming budget would be "in the vicinity" of $1 trillion, a major boost from this year’s $850 billion budget.

"COMING SOON: the first TRILLION dollar @DeptofDefense budget," Hegseth posted on X.

He said Trump is "is rebuilding our military – and FAST."

$1,300 COFFEE CUPS, 8,000% OVERPAY FOR SOAP DISPENSERS SHOW WASTE AS...
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White House: US will lead in AI, but China is catching up

  • News source: FOX News
  • Replies: 0
  • Views: 4
EXCLUSIVE: China’s innovation in artificial intelligence is "accelerating," according to Michael Kratsios, director of the White House Office of Science and Technology. He told Fox News Digital that the United States’ "promote and protect" strategy will solidify its standing as the world’s dominant power in AI.

Kratsios, who served as chief technology officer during the first Trump administration, sat for an exclusive interview with Fox News Digital on Monday.

FLASHBACK: US TECHNOLOGY CHIEF WARNS CHINA 'TWISTING' ARTIFICIAL INTELLIGENCE TO TARGET...
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Iran says it is ready for nuclear deal if US stops military threats

  • News source: BBC News - World
  • Replies: 0
  • Views: 4
Foreign Minister Abbas Araghchi says Iran will "never accept coercion" ahead of Saturday's talks in Oman.
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IRS to share info with ICE about some undocumented immigrant taxpayers

  • News source: Suzanne Gamboa | NBC News
  • Replies: 0
  • Views: 4
The Department of Homeland Security said in a court document that the IRS has agreed to share certain tax information filed by undocumented taxpayers with Immigration and Customs Enforcement.

The announcement of the agreement came in a document filed late Monday in a case challenging the legality of the IRS sharing tax information with other agencies. The document was filed with several key parts blacked out.

"There is an agreement that calls for information sharing, which is a reversal of what IRS said in the past it would not share," said Alan...
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President Trump's New York fraud debt tops $500 million

  • News source: Politics - CBSNews.com
  • Replies: 0
  • Views: 7
President Trump's debt to New York from a civil fraud judgment passed $500 million on Tuesday, as interest continues to accrue while he appeals.

The figure has been growing ever since a lengthy civil fraud trial ended with Mr. Trump, two of his sons and a former Trump Organization executive ordered to pay back $364 million in disgorgement for "ill-gotten gains" and $100 million more in interest dating back years.

They appealed the February 2024 judgment but interest has continued to build, at a rate of more than $114,000 per day. The total for all...
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