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Trump announces pending furniture tariffs

Aug. 23 (UPI) — The Trump administration is undertaking a 50-day investigation into the furniture market, with pending tariffs likely to revive the nation’s industry.

President Donald Trump announced the investigation in a Truth Social post on Friday and said he will impose undetermined tariffs afterward.

“This will bring the furniture business back to NorthCarolina, South Carolina, Michigan and states across the Union,” Trump said.

North Carolina ia known as the Furniture Capital of the World, which developed from access to hardwood in Appalachian forests. U.S. companies include Ashley Furniture, Century, Vanguard and Lexington Home Brands.

The pending tariffs are in keeping with those the president has imposed on other industries with the aim of returning manufacturing to the United States and reducing reliance on foreign-made goods.

The investigation is directed at furniture from “other Countries” but primarily impacts key suppliers such as China and Vietnam, which together supply about 60% of U.S. furniture imports.

Most foreign goods are already subject to tariffs from trading partners, including a baseline 10%. In a deal with Vietnam, the rate is 20% with 40% on goods going through Vietnam from a third country. In China, the rate is 10% under a 90-day pause until November from 30% after a threatened peak of 125%.

Trump’s social media post prompted a drop in shares during after-hours trading for many of the nation’s leading furniture retailers, including Wayfair, Williams-Sonoma and RH, CNBC reported.

Wayfair shares ended after-hours trading at $74.03, which was down 3.81% from its closing price of $77.84 at the end of day trading on Friday.

Williams-Sonoma dropped $6.37 and 3.13% to $197.05 during after-hours trading, while RH fell $13.51 and 5.54% to $230.20.

U.S.-based La-Z Boy, though, saw its share price rise by 76 cents and 2.08% to $37.34 after closing at $36.58 at the close of day trading on Friday.

The furniture tariffs announcement comes as the nation’s furniture industry is experiencing difficulties.

Demand for new furniture and home goods has declined as home sales slowed over the past year.

Slower home sales lessen the demand for new furniture and furnishings, and years of relatively high inflation have made consumers wary of how they spend their money, according to CNBC.

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CBS cancels Colbert’s Late Show amid pending Paramount-Skydance merger | Media News

The Late Show with Stephen Colbert is going off air in May 2026, a decision hailed by United States President Stephen Colbert, a frequent target of the comedian.

The announcement by CBS on Thursday that it will cancel the show comes against the backdrop of a looming merger between its parent company Paramount with Skydance Media.

It also comes only days after the comedian called out Paramount for its $16m settlement with Trump. Trump, in a lawsuit, had alleged that 60 Minutes, the flagship news magazine at CBS, doctored an interview during the 2024 presidential campaign with his Democratic rival, Kamala Harris.

Colbert, a longtime critic of the president, called the network’s decision to settle “a big fat bribe” because of the pending merger, which needs approval from the Department of Justice and is valued at $8bn.

“I absolutely love that Colbert’ got fired,” the president wrote in a post on his social media platform Truth Social.

“His talent was even less than his ratings,” he added, before going after Colbert’s other two rivals, Jimmy Kimmel and Jimmy Fallon, saying that they are next, without evidence.

Contrary to the president’s claims, Colbert is performing well — his is the highest rated show in late night television — averaging 2.42 million viewers in the second quarter of 2025.

The cancellation also ended the tenure of the long-running late-night franchise, replacing the Pat Sajak show in 1993, and was first hosted by David Letterman.

U.S. President Joe Biden, former U.S. Presidents Barack Obama and Bill Clinton participate in a discussion moderated by Stephen Colbert, host of CBS's "The Late Show with Stephen Colbert", during a campaign fundraising event at Radio City Music Hall in New York, U.S., March 28, 2024. REUTERS/Elizabeth Frantz
US President Joe Biden, former US Presidents Barack Obama and Bill Clinton participate in a discussion moderated by Stephen Colbert, host of CBS’s “The Late Show with Stephen Colbert”, during a campaign fundraising event at Radio City Music Hall in New York, US, March 28, 2024. [Elizabeth Frantz/Reuters]

Financial pressures

“This is purely a financial decision against a challenging backdrop in late night. It is not related in any way to the show’s performance, content or other matters happening at Paramount,” CBS said in a statement provided to Al Jazeera.

CBS previously cancelled another late-night show, After Midnight, hosted by comedian Taylor Tomlinson, after a two-year run.

Experts believe there is merit to that argument.

“The reality is the business of late night is not going anywhere that justifies the enormous salaries that this talent is paid and the costs that these productions have. Ultimately, if you’re producing late night, it is mostly going to be consumed on YouTube,” Andrew Rosen, founder of the media strategy firm Parqor, told Al Jazeera.

The show reportedly costs $100m to produce annually and loses about $40m in revenue, according to reporting from the outlet Puck.

“They’ve [CBS] just maxed out the model for as long as they can and for a variety of reasons that I think probably have more to do with the economics of the merger with Skydance than they do with Trump,” Rosen added, referring to Paramount’s efforts to cut costs as it focuses to merge with Skydance.

On Wall Street, Paramount’s stock is up 0.2 percent as of 1pm in New York (17:00 GMT).

Political timing

The announcement of the cancellation of the show comes as the Department of Justice considers the merger. Economics apart, the move is also being seen as political in nature.

“The timing of it raises a lot of questions. To me, it is the politics of it, especially for broadcast legacy media,” Rodney Benson, professor, Department of Media, Culture, and Communication at New York University, told Al Jazeera.

The Trump White House has gone after news organisations and their parent media companies for what the administration says is coverage that is partisan in nature, including the $16m lawsuit that Paramount settled with Trump. In December, Disney-owned ABC News settled a defamation suit with a $15m donation to Trump’s library and issued a public apology over inaccurate on-air comments. There have also been cuts to public media and use of the Federal Communications Commission (FCC) to threaten the future of their broadcasting licenses.

“Broadcast networks are regulated by the FCC. They have to have their licences renewed, and they can be, the government can go after them for what they define as news distortion. They’ve already raised that,” Benson added.

Democrats have called out the network for the cancellation of the show and alleged political reasoning.

“CBS canceled Colbert’s show just THREE DAYS after Colbert called out CBS parent company Paramount for its $16M settlement with Trump — a deal that looks like bribery,” Democratic Senator Elizabeth Warren said on social media platform X formerly known as Twitter.

“Long-term financial trends could underlie this, but the timing suggests that if it was just financial, then they would have wanted to wait a bit, the optics are just horrible, so there must have been some pressure,” Benson added.

Skydance, the company set to acquire Paramount, is led by David Ellison, who is the son of Larry Ellison, the Oracle CEO and a close Trump ally.

In April, David Ellison attended a UFC fight with the president alongside former confidante Elon Musk, Health and Human Services Secretary Robert F Kennedy and Ted Cruz, among others.

Skydance is also reportedly in talks to acquire The Free Press, an outlet that has been seen as right-wing and friendly to the president. In the last few days, it has published pieces called “Happy Independence Day, NPR” when US Congress voted to scrap public media funding and accusing NPR of liberal bias; and another “The Epstein Files Are Just a Sideshow” as the president rails against releasing files related to deceased sex offender Jeffery Epstein, who Trump has been pictured with.

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Court suspends Thailand’s PM pending case over leaked phone call | Politics News

A Thai court has accepted a petition from senators that accuse the PM of dishonesty and breaching ethical standards.

Thailand’s Constitutional Court has suspended Prime Minister Paetongtarn Shinawatra from office pending an ethics investigation over a leaked phone call with a senior Cambodian official, heaping pressure on Thailand’s governing political dynasty.

The court said in a statement that it had accepted a petition from 36 senators, which accuses Paetongtarn of dishonesty and breaching ethical standards, in violation of the constitution, over a leaked telephone conversation with Cambodia’s influential former leader, Hun Sen.

Deputy Prime Minister Suriya Juangroongruangkit will assume a caretaker role while the court decides the case against Paetongtarn, who has 15 days to respond.

Paetongtarn will remain in the cabinet as the new culture minister following a cabinet reshuffle.

The controversy stems from a June 15 phone call with Cambodia’s influential former leader Hun Sen that was intended to defuse escalating border tensions between the neighbours.

During the call, Paetongtarn, 38, referred to Hun Sen as “uncle” and criticised a Thai army commander, a red line in a country where the military has significant clout. She has apologised and said her remarks were a negotiating tactic.

The leaked call led to domestic outrage and has left Paetongtarn’s coalition with a razor-thin majority, with a key party abandoning the alliance and expected to soon seek a no-confidence vote in parliament, as protest groups demand the premier resign.

Paetongtarn’s battles after only 10 months in power underline the declining strength of the Pheu Thai Party, the populist juggernaut of the billionaire Shinawatra dynasty, which has dominated Thai elections since 2001, enduring military coups and court rulings that have toppled multiple governments and prime ministers.

It has been a baptism of fire for political novice Paetongtarn, who was thrust into power as Thailand’s youngest premier and replacement for Srettha Thavisin, who the Constitutional Court dismissed for violating ethics by appointing a minister who had once been jailed.

Paetongtarn’s government has also been struggling to revive a stuttering economy, and her popularity has declined sharply, with a June 19-25 opinion poll released at the weekend showing her approval rating sinking to 9.2 percent from 30.9 percent in March.

Paetongtarn’s father, Thaksin, the 75-year-old family patriarch and billionaire who was twice elected leader in the early 2000s, is also facing legal hurdles.

Thailand
Antigovernment protesters rally to demand the removal of Thailand’s prime minister, Paetongtarn Shinawatra, from office at Victory Monument in Bangkok on June 28, 2025 [Chanakarn Laosarakham/AFP]

Divisive tycoon Thaksin, according to his lawyer, appeared at his first hearing at Bangkok’s Criminal Court on Tuesday on charges that he insulted Thailand’s powerful monarchy, a serious offence punishable by up to 15 years in prison if found guilty.

Thaksin denies the allegations and has repeatedly pledged allegiance to the crown.

The case stems from a 2015 media interview Thaksin gave while in self-imposed exile, from which he returned in 2023 after 15 years abroad to serve a prison sentence for conflicts of interest and abuse of power.

Thaksin dodged jail and spent six months in hospital detention on medical grounds before being released on parole in February last year.

The Supreme Court will this month scrutinise that hospital stay and could potentially send him back to jail.

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Clinton Pledges Special Effort to Aid California : Economy: President also asks state’s residents to agree to sacrifices demanded in his pending budget plan.

President Clinton arrived here Monday pledging again to make special efforts to help Californians with their economic problems but asking that they in turn agree to the sacrifices demanded in his pending budget plan.

Clinton, beginning a two-day campaign-style swing through the West to gather support for his agenda, reminded a crowd of several hundred that greeted him at the North Island Naval Air Station that he had vowed his help for California’s problems during his campaign.

“We are going to work our hearts out in Washington in order to move this state together,” he said. And he cited his proposals to foster defense conversion, to provide federal support for California’s special immigration problems and to stimulate the economy in a way that would help California’s ailing real estate industry and small businesses.

“California needs an economic strategy that will be built from the grass roots up, but will have a partner in the White House,” he declared, adding, “the federal government’s going to do more to pay our fair share.”

At the same time, Clinton renewed his call for Americans to support his budget against resistance from congressional Republicans and others.

“When you hear people say ‘No, no, no,’ ask where they were for the last 12 years,” he said. Referring to his Republican predecessors, he said “the most popular thing to do in public life is to cut taxes and raise spending. But sooner or later your string runs out.”

Clinton’s appearance began the second straight week of forays into the country to drum up support for an economic program that has lost ground in the polls. On Monday evening he was scheduled to take questions from the public in a live, hourlong TV “town hall” broadcast from San Diego’s KGTV, Channel 10. Today he is to visit Los Angeles Valley College in Van Nuys to talk about worker retraining, and later to stop at a business on Florence Avenue in South-Central Los Angeles to promote his plans for urban redevelopment.

He spent much of Monday at a stop in Los Alamos, N. M., pointing to the Los Alamos National Laboratories, where the atomic bomb was developed during World War II, as proof of the potential of his five-year, $20-billion defense conversion plan.

Clinton said the 50-year-old laboratory’s early move into commercial enterprises proves that defense industries can be successfully converted to commercial use in the aftermath of the Cold War. But he also used the occasion to stress his No. 1 theme, that Congress needs to pass his economic program to cut the deficit and step up spending that will strengthen the economy.

In remarks at Los Alamos High School, Clinton said the 7,600-employee nuclear laboratory had made important contributions to the weapons research that kept pressure on the Soviet Union during the Cold War. He said that in the last several years the lab’s efforts to find commercial applications for its research had spawned 30 companies and 100 government-industry partnerships.

Clinton said such relationships would begin the kind of “economic chain reaction” that could help the nation create high paying jobs.

The laboratory, with an annual budget of $1 billion, conducts commercial research into batteries, oil recovery, advanced materials and other such projects. Clinton cited its advances in the process called ion implantation, which is used to make stronger materials and which grew out of research begun on the Strategic Defense Initiative, or “Star Wars,” launched by President Ronald Reagan.

Only last week, Secretary of Defense Les Aspin declared an official end to the “Star Wars” program. But Clinton acknowledged: “Something good came out of it, because people were looking to break down frontiers.”

But as he spoke about defense conversion, Clinton repeatedly moved into discussion of the need for sacrifices to cut the federal deficit. “Everybody’s for deficit reduction in general, it’s the details that swallow us whole,” he told a crowd of several thousand.

The Los Alamos laboratory had been spared deep cuts, but under Clinton’s proposed budget it faces about $40 million in budget cuts that officials say could force the layoff of about 100 people.

Clinton’s two-month old defense conversion program proposes to spend $19.6 billion over the next five years. The money would go to retrain workers displaced by military cutbacks, to allow early retirement of some military and civilian workers, for environmental cleanup and for grants to help military contractors find civilian applications for their work.

Critics have charged that the program underestimates the difficulty of converting defense businesses to civilian work. And they say that in any case the $19.6 billion will have only a limited effect in helping the 2.5 million workers who could lose their jobs in the next decade.

But Clinton asserted: “It is a good beginning.”

Pressed by slumping polls and unresolved questions about his Bosnian policy, Clinton has sought to rebuild support for his program by explaining its payoff for Americans, and particularly for the middle class.

The President hopes that strong public support will bring pressure on Congress to go along with his economic and health care plans.

Clinton’s appearance in Los Alamos was well tailored to his goal of using the news media to drum up support. To ensure that enthusiasm was high, the organizers bused in thousands of high school students; they passed out American flags just before the event began.

Located on a valley overlooked by the snowcapped Sangre de Cristo mountains, the event made a striking picture.

Clinton came close to a faux pas at one point in his remarks, calling Los Alamos “Los Angeles.”

A chorus of boos followed. But Clinton tried to make a graceful recovery:

“I’m going there tomorrow,” he explained to the crowd. “And if I say ‘Los Alamos’ there, will you cheer?”

As has become his habit, Clinton spent part of his day conducting interviews with TV news stations, in an effort to give his message wide and largely unchallenged access to local markets.

The President’s California visit is his second since the election to a state that his advisers say is key to his strategy for 1996.

California’s unemployment rate fell to 8.6% in April, from 9.4% in March. But the state’s rate still lags far behind the national rate of 7%.

Part of Clinton’s hope to help California was stymied when Senate Republicans blocked the $19-billion economic stimulus proposal that would have channeled more than $2 billion to the state.

After the TV town hall, Clinton was scheduled to appear at a reception for local politicians and supporters at the television station, then to attend a dinner at the home of Larry and Shelia Lawrence. The Lawrences own the Hotel Del Coronado and are Clinton supporters.

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Schumer places hold on DOJ nominees pending answers on Qatar, its offer of jet to Trump

May 13 (UPI) — Justice Department nominees won’t be confirmed until the Trump administration provides full transparency on “Qatari influence,” Senate Minority Leader Chuck Schumer, D-N.Y., announced on Tuesday.

The recently announced donation of a $400 million luxury Boeing 747-8 from the Qatari royal family for President Donald Trump to use as Air Force 1, which Trump has said will be donated to his presidential library after he leaves office, spurred opposition from Senate Democrats.

“This has the appearance of naked corruption” and “is a grave national security risk,” Schumer said Tuesday in a letter to U.S. Attorney General Pam Bondi.

“Given reports that you played a central role in approving his proposal, I request answers to the following questions,” Schumer told Bondi.

Schumer wants to know if the aircraft will include secure communications, self-defense systems, shielding and other security requirements that “are ready on day one.”

If so, he wants to know who installed them and how the Trump administration knows the aircraft is not a national security threat.

If not, Schumer wants to know “what modifications would be needed to ensure a foreign-sourced Air Force One is safe to use and free of security threats.”

He also wants to know if taxpayers would have to pay to retrofit the aircraft, if the gift would negate a $3.9 billion 2018 contract with Boeing for two new presidential aircraft, and how much such a cancellation might cost.

If the $3.9 billion contract is not cancelled, Schumer asked Bondi how the Trump administration justifies allocating resources to a foreign-sourced aircraft that only would be used while Trump is president, who negotiated the agreement and its parameters.

“What is Qatar being offered in return?” Schumer asked.

He also wants to know why Bondi in February “deprioritized enforcement” of the Foreign Agents Registration Act and other foreign-influence laws.

“Please explain this decision to weaken FARA, which requires agents of foreign governments, like Qatar, to register and disclose their activities,” Schumer said.

“Until the administration provides a detailed justification of this new program, including complete and comprehensive answers to these and other questions posed by oversight committees, I will place a hold on all political nominees of the Department of Justice,” Schumer said.

Senate rules enable a senator to place a blanket hold on political nominations for matters that are unrelated to the respective nominees.

A White House spokesperson accused Schumer of politicizing the aircraft donation.

“Sen. Schumer and his anti-law-and-order party are prioritizing politics over critical DOJ appointments, obstructing President Trump’s Make America Safe Again agenda,” White House spokesperson Harrison Fields said in a statement to UPI.

“Cryin’ Chuck must end the antics, stop Senate stonewalling and prioritize the safety and civil rights of Americans,” Fields added.

A DOJ spokesperson in an emailed statement to UPI said Schumer and Senate Democrats should stop blocking DOJ nominees.

“The American people overwhelmingly elected President Trump to nominate highly qualified candidates at the Department of Justice who will Make America Safe Again,” the spokesperson said. “The Senate should do its part by confirming these nominees.”

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