Category Archives: WBAP 24/7 News

Trump’s Tariffs Produce Announcement of U.S. – U.K. Trade Deal

Trump’s Tariffs Produce Announcement of U.S. – U.K. Trade Deal

(WBAP/KLIF) — AP U.S. President Donald Trump said from the White House on Thursday that his government has reached a trade agreement with the United Kingdom. Trump said the deal increases access for U.S. agricultural products, though he added that the final details were still being written up. Britain says the deal will cut tariffs…MORE

New Pope Chosen on Thursday’s Vote

New Pope Chosen on Thursday’s Vote

UPDATE: Lord Robert Prevost, now Pope Leo the 14th, the first American Pope, Cardinal to the city of Chicago, U.S., is chosen as the new Pope. He left as a missionary to go to Peru as a young man, starting his journey with the Catholic Church. VATICAN CITY (AP) — White smoke poured from the…MORE

As Trump Battles Elite Colleges, House GOP Looks to Hike Endowment Tax by at Least Tenfold

As Trump Battles Elite Colleges, House GOP Looks to Hike Endowment Tax by at Least Tenfold

WASHINGTON (AP) — As Congress looks to slash spending and raise revenue for President Donald Trump’s tax bill, Republicans have turned attention to the huge endowments amassed by the country’s wealthiest colleges. Varying proposals have called for raising the rate to 14% or 21%, treating traditionally tax-free universities like major corporations. Trump previously said he…MORE

Federal Reserve Likely to Defy Trump & Keep Rates Unchanged this Week

Federal Reserve Likely to Defy Trump & Keep Rates Unchanged this Week

WASHINGTON (AP) — The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite harsh criticism from President Donald Trump and his demand that the Fed reduce borrowing costs. After causing a sharp drop in financial markets two weeks ago by saying he could fire Fed Chair Jerome Powell, the Republican…MORE

Trump Has Threatened a 100% Tariff on Movies Made Outside the US

Trump Has Threatened a 100% Tariff on Movies Made Outside the US

NEW YORK (AP) — President Donald Trump is threatening to levy all films made outside the U.S. at a steep rate of 100%. Over the weekend, Trump accused other countries of “stealing the movie-making capabilities” of the U.S. and said that he had authorized the Commerce Department and the U.S. Trade Representative to “immediately begin…MORE