The Latest: Trump insisted the economy is stronger than many voters feel
President Donald Trump delivered a politically charged speech Wednesday carried live in prime time on network television, seeking to pin the blame for economic challenges on Democrats while announcing $1,776 bonus checks to U.S. troops for Christmas.
The speech was a rehash of his recent messaging that has so far been unable to calm public anxiety about the cost of groceries, housing, utilities and other basic goods. Trump has promised an economic boom, yet inflation has stayed elevated and the job market has weakened sharply in the wake of his import taxes.
Here’s the latest:
Trump demands Venezuela pay for seized US oil assets after calling for ‘blockade’
Trump demanded Wednesday that Venezuela return assets that it seized from U.S. oil companies years ago, justifying anew his announcement of a “blockade” against oil tankers traveling to or from the South American country that face American sanctions.
Trump cited the lost U.S. investments in Venezuela when asked about his newest tactic in a pressure campaign against leader Nicolás Maduro, suggesting his administration’s moves are at least somewhat motivated by disputes over oil investments, along with accusations of drug trafficking. Some sanctioned tankers already are diverting away from Venezuela.
“We’re not going to be letting anybody going through who shouldn’t be going through,” Trump told reporters. “You remember they took all of our energy rights. They took all of our oil not that long ago. And we want it back. They took it — they illegally took it.”
U.S. forces last week seized an oil tanker off Venezuela’s coast amid a massive military buildup that includes the Navy’s most advanced aircraft carrier.
Read more about Trump’s demands to Venezuela
US announces massive package of arms sales to Taiwan valued at more than $10 billion
The Trump administration has announced a massive package of arms sales to Taiwan valued at more than $10 billion that includes medium-range missiles, howitzers and drones, drawing an angry response from China.
The State Department announced the sales late Wednesday during a nationally televised address by President Donald Trump, who made scant mention of foreign policy issues and did not speak about China or Taiwan at all. U.S.-Chinese tensions have ebbed and flowed during Trump’s second term, largely over trade and tariffs but also over China’s increasing aggressiveness toward Taiwan, which Beijing has said must reunify with the mainland.
If approved by Congress, it would be the largest-ever U.S. weapons package to Taiwan, exceeding the total amount of $8.4 billion in U.S. arms sales to Taiwan during the Biden administration.
Read more about the package
Trump delivers a partisan prime-time address insisting the economy is stronger than many voters feel
Trump delivered a politically charged speech that was carried live in prime time on network television, seeking to pin the blame for economic challenges on Democrats while announcing he is sending a $1,776 bonus check to U.S. troops for Christmas.
The remarks came as the nation is preparing to settle down to celebrate the holidays, yet Trump was focused more on divisions within the country than a sense of unity. His speech was a rehash of his recent messaging that has so far been unable to calm public anxiety about the cost of groceries, housing, utilities and other basic goods.
Trump has promised an economic boom, yet inflation has stayed elevated and the job market has weakened sharply in the wake of his import taxes. Trump suggested that his tariffs — which are partly responsible for boosting consumer prices — would fund a new “warrior dividend” for 1.45 million military members, a payment that could ease some of the financial strains for many households. The amount of $1,776 was a reference to next year’s 250th anniversary of the signing of the Declaration of Independence.
Read more about the address