Donald Trump

Oct. 10 (UPI) — Federal employee layoffs have begun as the government shutdown continues at least into next week after Senate members left Washington on Friday.

Office of Management and Budget Director Russell Vought announced the layoffs in a social media post that simply says, “the RIFs have begun.”

“RIFs” is an acronym for “reductions in force,” but Vought did not say how many federal workers or agencies are affected, The Hill reported.

An OMB spokesperson confirmed Vought’s statement is correct.

A Trump administration official told Politico the layoffs affect the Commerce, Education, Energy, Health and Human Services, Homeland Security, Housing and Urban Development, Interior and Treasury departments.

President Donald Trump on Thursday told his Cabinet the layoffs would affect what he called “Democrat programs that aren’t popular with Republicans,” Politico reported.

The OMB earlier notified federal agencies to prepare for a potential reduction in force if the shutdown were extended beyond a few days.

The agencies were to lay off non-essential workers and those who oppose the president’s policies, the OMB memo said.

Monday is a bank holiday — the observance of Columbus Day — in the United States, and the Senate had no votes on a continuing resolution to fund the government on Friday.

The Senate is scheduled to resume session on Tuesday, while the House is scheduled to return on Oct. 20.

Friday marked 10 days since the government shut down after the Senate failed to pass a continuing resolution to fund the government.

Thursday night marked the seventh attempt to pass a stopgap funding bill, but the upper chamber was 6 votes short of the 60 needed for a supermajority for the Republican bill and 13 votes short of the Democrats’ bill.

At issue are subsidies for Affordable Care Act tax credits set to expire in the new year and expansion of Medicare, while adding an estimated $1.5 trillion in costs over the next 10 years.

Senate Minority Leader Chuck Schumer, D-N.Y., said his party wouldn’t support the stopgap legislation unless Republicans back extending the ACA tax credits and Medicare expansion.

President Donald Trump again threatened to cut federal programs if Democrats don’t support the Republican bill.

House and Senate Republicans say Senate Democrats want to provide healthcare funding for migrants who are not legal residents, which Senate Democrats have denied.

Some of the 750,000 federal workers furloughed as a result of the shutdown will begin missing their first paychecks Friday.

About 1.3 million members of the military are next set to receive pay on Wednesday, but they might have to wait until the federal government is funded to receive retroactive pay.

US President Donald Trump says Israeli captives held in Gaza will be released on Monday.

Oct. 10 (UPI) — President Donald Trump is imposing another 100% in tariffs on Chinese goods exported to the United States and will restrict software exports to China.

The new tariffs are in addition to an existing 30% tariff on Chinese goods and would take effect on Nov. 1, and possibly sooner, the president said in a social media post on Friday, according to CBS News.

The United States in November also will place restrictions on “critical software” destined for China.

Trump said he also might cancel a meeting with Chinese President Xi Jinping due to new Chinese restrictions on rare earth minerals exports.

Trump and Xi are scheduled to meet in South Korea during an international economic conference that starts on Nov. 2, but the U.S. president on Friday said he no longer has a reason to do so.

“Some very strange things are happening in China!” the president said Friday in a post on Truth Social.

“They are becoming very hostile and sending letters to countries throughout the world that they want to impose export controls on each and every element of production having to do with rare earths,” Trump said.

The export restrictions would “clog’ the markets and make life difficult for virtually every country in the world — especially for China,” he added.

The president said representatives of other nations have contacted his administration and are “extremely angry over this trade hostility, which came out of nowhere.”

“There is no way China should be allowed to hold the world ‘captive,'” Trump said.

“But that seems to have been their plan for quite some time, starting with the ‘magnets’ and other elements that they have quietly amassed into somewhat of a monopoly position.”

Pending Chinese rare earth minerals restrictions

China sent letters that are several pages long to other nations and detail every rare earth element that Chinese leaders want to withhold from other countries, Trump said.

China controls most of the world’s rare earth minerals market and announced the new restrictions on Thursday, according to CNBC.

The restrictions announced on Thursday would take effect on Dec. 1 and affect the manufacturing of semiconductors and other technologies that rely on rare earth minerals, such as batteries for electric vehicles.

The Chinese government intends to require companies located outside of China to obtain a license to export their goods that contain rare earth minerals, The New York Times reported.

It also seeks to regulate the refining of rare earth minerals and certain types of technologies used to manufacture batteries.

The Chinese trade restrictions were announced amid efforts to ease trade tensions between the United States and China, which Trump and Jinping were expected to discuss during the Asia-Pacific Economic Cooperation conference in Seoul, South Korea, in January, Politico reported.

Mutually assured economic disruption

Beijing’s announcement on Thursday could trigger “mutually assured disruption” of the Chinese, U.S. and other global economies, said Craig Singleton, a China fellow for the Foundation for Defense of Democracies.

He called China’s move a “miscalculation” and said Trump’s social media post shows China has crossed a line that is likely to cause a trade war.

“Both sides are reaching for their economic weapons at the same time,” Singleton told Politico, “and neither seems willing to back down.”

The Dow Jones Industrial Average reflected the news of the likely trade war on Friday and was down more than 520 points at $45,837.60 as of 2:25 p.m. EDT.

While the Dow is down, China’s pending rare earth minerals trade restrictions have spurred a run on related stocks, CNBC reported.

Rare earth mining firm MP Materials’ share price rose by 15% and USA Rare Earth’s shares by 19 percent during morning trading on the New York Stock Exchange.

USA Rare Earth is a vertically integrated rare earth miner and producer of magnets used in a variety of technologies.

NioCorp Developments’ share price also rose by 14% and Energy Fuels’ by more than 10% during trading late Friday morning.