New Photo - Powerball jackpot soars to $1.3 billion after no ticket matched all six numbers in Labor Day drawing

Powerball jackpot soars to $1.3 billion after no ticket matched all six numbers in Labor Day drawing Hanna Park, CNNSeptember 2, 2025 at 7:25 AM A customer holds a number slip for Powerball lottery tickets inside the Bluebird Liquor Store in Hawthorne, California, on August 25. Patrick T.

- - Powerball jackpot soars to $1.3 billion after no ticket matched all six numbers in Labor Day drawing

Hanna Park, CNNSeptember 2, 2025 at 7:25 AM

A customer holds a number slip for Powerball lottery tickets inside the Bluebird Liquor Store in Hawthorne, California, on August 25. - Patrick T. Fallon/AFP/Getty Images

The Powerball jackpot jumped to a staggering $1.3 billion after there were no big winners in Monday night's drawing – the fifth-largest prize in game history.

The lucky numbers were white balls 8, 23, 25, 40, 53, and red Powerball 5, with a Power Play multiplier of 3.

While the largest prize went unclaimed, at least two tickets – sold in Montana and North Carolina – won $2 million and 10 tickets across nine states garnered a $1 million prize, according to the Multi-State Lottery Association, which runs the game.

The next chance to win big will be Wednesday, the 41st drawing since the jackpot was last won in May.

If a player wins, they can choose to receive the $1.3 billion as an annuitized prize paid over 30 years, with annual payments increasing by 5%, or a one-time lump sum payment of $589 million, both before taxes.

The odds of winning the jackpot are 1 in 292.2 million, the association said.

Powerball's largest jackpot on record remains the $2.04 billion prize won in California on November 7, 2022. The longest streak without a winner, 42 consecutive drawings, was set in April 2024.

Powerball tickets cost $2 and are sold in 45 states, Washington, DC, Puerto Rico, and the US Virgin Islands.

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Powerball jackpot soars to $1.3 billion after no ticket matched all six numbers in Labor Day drawing

Powerball jackpot soars to $1.3 billion after no ticket matched all six numbers in Labor Day drawing Hanna Park, C...
New Photo - Kremlin hawk Patrushev urges Japan to halt 'militarisation' towards Russia, China

Kremlin hawk Patrushev urges Japan to halt 'militarisation' towards Russia, China September 2, 2025 at 6:23 AM (Reuters) One of the Kremlin's most senior hawks, Nikolai Patrushev, hopes that Japan will stop pursuing a policy of militarisation toward Russia and China, he said in remarks published on ...

- - Kremlin hawk Patrushev urges Japan to halt 'militarisation' towards Russia, China

September 2, 2025 at 6:23 AM

(Reuters) -One of the Kremlin's most senior hawks, Nikolai Patrushev, hopes that Japan will stop pursuing a policy of militarisation toward Russia and China, he said in remarks published on Tuesday, voicing concerns that NATO could use its fleet in combat.

A former KGB officer and a Cold War warrior who crafted the Kremlin's national security strategy, Patrushev said, without providing evidence, that NATO intends to use the Japanese fleet to conduct combat operations in parts of the world.

"One would like to believe that common sense will prevail among the Japanese elites, and they will stop pursuing a suicidal policy of militarisation and rattling weapons at two of the most powerful neighbouring states — Russia and China," he told news outlet Argumenty I Fakty.

"But as long as this continues, we certainly cannot sit idly by."

The remarks come as Russian President Vladimir Putin makes a rare four-day trip to China to attend a military parade on Tiananmen Square on Wednesday marking the end of World War Two after Japan's formal surrender.

Ahead of the massive public display of China's modernising armed forces, Beijing has mounted a campaign saying that China and the former Soviet Union played a pivotal role in the Asian and European theatres during World War Two.

Ties between China and Russia serve as a "source of stability for world peace", President Xi Jinping said last week.

Russia and Japan never signed a formal World War II peace treaty, with the main obstacle being an unresolved territorial dispute over the Kuril Islands, known in Japan as the Northern Territories.

"The Japanese Navy closely cooperates with the NATO fleet; at any moment, they can be integrated into Western coalition formats," Patrushev said.

(Writing by Lidia Kelly in Melbourne; Editing by Clarence Fernandez)

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Kremlin hawk Patrushev urges Japan to halt 'militarisation' towards Russia, China

Kremlin hawk Patrushev urges Japan to halt 'militarisation' towards Russia, China September 2, 2025 at 6:2...
New Photo - Asian shares are mixed and gold sets a fresh record high of over $3,550 per ounce

Asian shares are mixed and gold sets a fresh record high of over $3,550 per ounce ELAINE KURTENBACH September 2, 2025 at 7:55 AM A currency trader passes by screens showing the Korea Composite Stock Price Index (KOSPI), center left, and the foreign exchange rate between U.S.

- - Asian shares are mixed and gold sets a fresh record high of over $3,550 per ounce

ELAINE KURTENBACH September 2, 2025 at 7:55 AM

A currency trader passes by screens showing the Korea Composite Stock Price Index (KOSPI), center left, and the foreign exchange rate between U.S. dollar and South Korean won, center, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Tuesday, Sept. 2, 2025. (AP Photo/Ahn Young-joon)

BANGKOK (AP) — The price of gold hit a new record and world shares were mixed on Tuesday after U.S. markets were closed for the Labor Day holiday.

The spot price of gold, traditionally a haven for investors in times of uncertainty, gained 1.4% to $3,571.50 per ounce early Tuesday. That surpassed an intraday record of $3,509.90 an ounce set in April.

President Donald Trump' s challenges to the U.S. Federal Reserve and other institutions has shaken faith in the U.S. dollar, prompting a shift into other investment options such as gold.

"That's not just a price tick; it's the market's confession that faith in fiat is wobbling," Stephen Innes of SPI Asset Management said in a commentary. He noted that the price of the precious metal has nearly doubled since early 2023.

Investors have been shifting away from U.S. Treasuries for years but that shift has accelerated this year due to worries over U.S. government debt, trade tensions and geopolitical risks, said Ipek Ozkardeskaya, a senior analyst at Swissquote Bank.

Since Wall Street was shuttered for the day, analysts said traders also were still focusing on the potential implications of a ruling by a U.S. court against Trump's higher tariffs on many countries around the world.

In Tokyo the Nikkei 225 edged 0.1% higher to 42,229.39 as investors snapped up bargains following recent losses. An auction of 10-year Japanese government bonds was expected to test the stability of that market.

Markets in China fell back from recent gains. Hong Kong's Hang Seng shed 0.6% to 25,460.16, while the Shanghai Composite index lost 0.8% to 3,844.84.

Chinese leaders were holding a summit of the Shanghai Cooperation Organization which brought in allies such as Russian President Vladimir Putin and North Korea's leader Kim Jung Un in a "defiant show" of solidarity with pledges of closer ties, Ong Ju Hong of Mizuho Bank said in a commentary.

The "pledges of closer cooperation at the Tianjin Summit in China set the stage for a collision course with Donald Trump," Ong wrote.

South Korea's Kospi advanced 0.9% to 3,170.18, while the S&P/ASX 200 in Australia gave up 0.3% to 8,902.70.

India's Sensex rose 0.4% and the SET in Bangkok gained 0.7%.

The U.S. Court of Appeals for the Federal Circuit ruled Friday, 7-4, that Trump went too far when he declared national emergencies to justify imposing sharply higher import taxes on almost every country on earth.

The ruling largely upheld a May decision by a specialized federal trade court in New York, but it rejected part of that ruling striking down the tariffs immediately, giving the Trump administration time to appeal to the U.S. Supreme Court.

European markets gained on Monday, with Germany's DAX up 0.6%. But the CAC 40 in Paris and Britain's FTSE 100 edged just 0.1% higher.

Updates on U.S. durable goods orders, manufacturing, jobless claims and other data that may provide insights into how the economy is holding up under the higher tariffs are due this week.

European manufacturing data and a preliminary consumer price index reading for the countries using the euro also are on the agenda this week.

In other dealings early Tuesday, U.S. benchmark crude oil gained 89 cents to $64.90 per barrel. Brent crude, the international standard, advanced 26 cents to $68.41 per barrel.

The U.S. dollar rose to 147.75 Japanese yen from 147.18 yen. The euro fell to $1.1693 from $1.1711.

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Asian shares are mixed and gold sets a fresh record high of over $3,550 per ounce

Asian shares are mixed and gold sets a fresh record high of over $3,550 per ounce ELAINE KURTENBACH September 2, 2...
New Photo - Taliban call for foreign help after deadly Afghanistan earthquake. Here's what we know

Taliban call for foreign help after deadly Afghanistan earthquake. Here's what we know Lex Harvey, Masoud Popalzai, Billy Stockwell, Helen Regan, Char Reck, and Sana Noor Haq, CNNSeptember 2, 2025 at 6:35 AM Afghan volunteers and Taliban security personnel work to move injured people near a military...

- - Taliban call for foreign help after deadly Afghanistan earthquake. Here's what we know

Lex Harvey, Masoud Popalzai, Billy Stockwell, Helen Regan, Char Reck, and Sana Noor Haq, CNNSeptember 2, 2025 at 6:35 AM

Afghan volunteers and Taliban security personnel work to move injured people near a military helicopter following earthquakes in the Mazar Dara village of Nurgal, a district of the Kunar Province, in Eastern Afghanistan, on September 1, 2025. - Wakil Kohsar/AFP/Getty Images

EDITOR'S NOTE: This story contains a disturbing image.

Afghanistan's Taliban rulers have called for international help after a huge earthquake killed hundreds of people and leveled entire villages, piling further misery on the war-ravaged country that was already grappling with food shortages and cuts to foreign aid.

At least 800 people were killed and more than 2,800 were injured after the 6.0-magnitude quake struck towns and villages close to the Pakistan border on Sunday, causing strong aftershocks in Kabul, according to the UN and the Taliban government.

Heavy rain, landslides and damaged roads have made it difficult for relief teams to access the remote mountainous areas hit hardest by the quake.

Meanwhile, recent US aid cuts have crunched relief efforts in the country, which has been contending with shrinking global aid since the Taliban seized control in 2021.

Here's what we know about the earthquake and the rescue operation.

Where did the quake hit?

The earthquake hit just before midnight 27 kilometers (16.77 miles) north-east of Jalalabad, a bustling city of about 200,000 people in Nangarhar Province near the border with Pakistan, in a mountainous area known for its seismic activity, according to the United States Geological Survey (USGS).

The quake was relatively shallow with a depth of about 8km (4.97 miles), according to the USGS. Shallow earthquakes tend to be more destructive.

The earthquake devastated neighboring Kunar province, razing three villages, Reuters reported, citing local authorities. Damage and injuries were also reported in Laghman, Nuristan and Panjshir provinces, according to the Taliban government and humanitarian workers.

The earthquake was also felt in several cities in neighboring Pakistan, the Pakistan Meteorological Department said in a statement.

The region was hit by at least five aftershocks, the strongest measuring 5.2-magnitude in the hours after the initial quake, according to USGS.

This is the third major quake since 2021 to hit Afghanistan, which faces a litany of man-made and natural disasters, including poverty, conflict, and drought.

An Afghan boy carries a baby's body in a shroud as he walks by a damaged house following earthquakes in the Mazar Dara village of Nurgal, a district of the Kunar Province, in Eastern Afghanistan, on September 1, 2025. - Wakil Kohsar/AFP/Getty ImagesHow many people were affected?

Nearly half a million people likely felt strong to very strong shaking, which can result in considerable damage to poorly built structures, according to the USGS.

At least 800 people have been reported killed and more than 2,800 others injured, according to Taliban government spokesman Zabihullah Mujahid.

Photos from the aftermath showed rows of brick houses swept under muddy debris, as residents clambered over huge piles of fallen concrete.

Eyewitnesses recalled fumbling for loved ones stuck under collapsed homes, as they waited hours for emergency workers to reach the worst-affected regions, according to the .

"I was half-buried and unable to get out," Sadiqullah, a resident of Nurgal, in Kunar province, told AP. His wife and two sons were killed, he added.

Ahmad Zameer, 41, a resident of Kabul, more than 100 miles from the epicenter, told CNN the earthquake jolted his neighborhood. He added that everyone from the nearby apartment buildings rushed into the street in fear of being trapped inside.

Videos obtained by CNN show men digging with shovels to search for survivors under the rubble in Kunar province. Others showed chaotic scenes as officials worked to stretcher the wounded onto helicopters to be airlifted to hospital.

Global funding cuts hamper rescue efforts

The war-ravaged nation is in the throes of a humanitarian crisis that has only worsened since the Taliban seized power in 2021 following a chaotic United States withdrawal, which saw many international aid groups pull out of the country.

Earlier this year, the White House halted more than $1.7 billion worth of American aid contracts supporting dozens of programs in Afghanistan. The United Kingdom, France and Germany swiftly followed suit.

Humanitarian aid to Afghanistan shrunk to $767 million in 2025, down from $3.8 billion in 2022, according to Reuters.

As a result of those funding cuts, the World Food Programme is no longer able to deliver aid by air to hard-to-reach villages, Kate Carey, deputy head of the UN Office for the Coordination of Humanitarian Affairs in Afghanistan, told Reuters.

Following the earthquake on Sunday, one senior rights official warned the humanitarian needs will far outweigh those of a powerful 6.3 magnitude 2023 quake, when more than 2,000 people were killed.

"We are profoundly fearful for the additional strain that this disaster will have on the overall humanitarian response in Afghanistan," Sherine Ibrahim, the International Rescue Committee (IRC) country director for Afghanistan, said in a statement.

An Afghan man walks past a damaged house following earthquakes in the Mazar Dara village of Nurgal, a district of the Kunar Province, in Eastern Afghanistan, on September 1, 2025. - Wakil Kohsar/AFP/Getty ImagesTaliban call for international assistance

The Taliban have appealed to the world for more aid to support relief efforts, but so far, few countries have stepped up.

"We need it because here lots of people lost their lives and houses," health ministry spokesperson Sharafat Zaman told Reuters.

The UK on Tuesday announced £1 million ($1.3 million) in new emergency funding to support families affected by the earthquake, to be split between the UN Population Fund and the International Red Cross.

"The UK remains grateful to the aid workers on the ground, who help us to provide support to Afghanistan's most vulnerable people," Foreign Secretary David Lammy said in a statement.

A spokesperson for China's foreign ministry said it was ready to provide disaster relief assistance "according to Afghanistan's needs and within its capacity," Reuters reported.

Meanwhile, India delivered 1,000 family tents to Kabul and 15 metric tons of food aid to Kunar, with more relief to come, Foreign Minister Subrahmanyam Jaishankar said according to Reuters.

The US State Department's Bureau of South and Central Asian Affairs extended "heartfelt condolences to the Afghan people" in a post to X, but there was no immediate word of aid from the US.

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Taliban call for foreign help after deadly Afghanistan earthquake. Here’s what we know

Taliban call for foreign help after deadly Afghanistan earthquake. Here's what we know Lex Harvey, Masoud Popa...
New Photo - Putin hails 'unprecedentedly high' relations with China during formal talks with Xi in Beijing

Putin hails 'unprecedentedly high' relations with China during formal talks with Xi in Beijing Simone McCarthy, Nectar Gan, Darya Tarasova, CNNSeptember 2, 2025 at 7:07 AM Russia's President Vladimir Putin speaks with Chinese leader Xi Jinping during the Shanghai Cooperation Organisation (SCO) Summi...

- - Putin hails 'unprecedentedly high' relations with China during formal talks with Xi in Beijing

Simone McCarthy, Nectar Gan, Darya Tarasova, CNNSeptember 2, 2025 at 7:07 AM

Russia's President Vladimir Putin speaks with Chinese leader Xi Jinping during the Shanghai Cooperation Organisation (SCO) Summit in Tianjin, China on September 1, 2025. - Alexander Kazakov/AFP/POOL/Getty Images

Russian President Vladimir Putin hailed a relationship with Beijing at an "unprecedentedly high level" on Tuesday, in his first formal talks with his host Xi Jinping since arriving in China on Sunday.

The meeting at the Great Hall of the People in Beijing is the latest show of solidarity between the two strongmen as Putin shrugs off Western pressure to end its war on Ukraine, and Xi casts his country as a new leader of world governance, at a time when US President Donald Trump's foreign policy is upending the globe.

Harking back to Soviet ties with China during the World War II, Putin hailed "the memory of the brotherhood in arms, trust, mutual support, and firmness in defending common interests" as the foundation of their countries' strategic alignment "in the new era."

"We were always together then, and we remain together now," Putin told Xi at the start of their bilateral sit-down.

China-Russia relations have "withstood the test of shifting international circumstances," Xi said, calling Putin an "old friend."

"China is willing to work together with Russia to support each other's development and revitalization, firmly uphold international fairness and justice, and build a just and reasonable global governance system," Xi said.

The close rapport between Xi and Putin was on show throughout a two-day security summit in the Chinese port city of Tianjin that concluded Monday. During a banquet dinner Sunday evening, Xi warmly greeted Putin and was seen gesturing expressively in conversation with the Russian leader.

Putin previously said that he discussed his recent negotiations in Alaska with Trump with Xi during summit activities Sunday. Putin met Trump last month in Alaska as the US pushes for Russia to end its war in Ukraine.

The Russian president's visit to China is also expected to bring him shoulder-to-shoulder with North Korea's leader Kim Jong Un. Both top a guest list of foreign dignitaries joining Xi at a massive military parade in the Chinese capital Wednesday.

The visit is the Russian leaders' longest to a single country since Russia's full-scale invasion of Ukraine in 2022, according to a Kremlin record of his overseas visits.

Xi and Putin's meeting followed a trilateral discussion with Mongolian President Ukhnaagiin Khurelsukh earlier Tuesday. During that meeting, Putin said the three countries were "good neighbors" with developing political and economic ties.

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Putin hails ‘unprecedentedly high’ relations with China during formal talks with Xi in Beijing

Putin hails 'unprecedentedly high' relations with China during formal talks with Xi in Beijing Simone McCa...
New Photo - Dormakaba beats profit estimates, expects growth despite tariff risks

Dormakaba beats profit estimates, expects growth despite tariff risks September 2, 2025 at 6:54 AM (Reuters) Dormakaba reported a higher than expected fullyear profit on Tuesday, as costcutting measures helped the Swiss security and access group cushion the impact of softer demand in the residential...

- - Dormakaba beats profit estimates, expects growth despite tariff risks

September 2, 2025 at 6:54 AM

(Reuters) -Dormakaba reported a higher than expected full-year profit on Tuesday, as cost-cutting measures helped the Swiss security and access group cushion the impact of softer demand in the residential and automotive markets and uncertainty over U.S. import tariffs.

The company, whose entrance systems can be found in venues such as offices, airports and sports stadiums, reported adjusted net profit of 188 million Swiss francs ($234 million) for the year that ended on June 30, beating analysts' average estimate of 176 million francs provided by the company.

Dormakaba forecast organic sales growth of between 3% and 5% for the 2025/26 financial year, compared with the 4.1% growth it saw in the past year. It expects its adjusted core profit (EBITDA) margin to exceed 16%, up from the 15.5% it reported for the prior year.

It also said that lower interest rates in Europe and higher investments in Germany and the U.S. presented growth opportunities for the current fiscal year.

The company's board proposes an annual dividend of 9.20 Swiss francs, up 15% from a year earlier, and intends to at least maintain the dividend per share each year, Dormakaba said in the press release.

($1 = 0.8019 Swiss francs)

(Reporting by Maria Rugamer and Bernadette Hogg in Gdansk, editing by Milla Nissi-Prussak)

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Dormakaba beats profit estimates, expects growth despite tariff risks

Dormakaba beats profit estimates, expects growth despite tariff risks September 2, 2025 at 6:54 AM (Reuters) Dorma...
New Photo - Key Starbucks supplier in Switzerland tastes bitter harvest of Trump tariffs

Key Starbucks supplier in Switzerland tastes bitter harvest of Trump tariffs Dave GrahamSeptember 2, 2025 at 7:03 AM By Dave Graham WEGGIS, Switzerland (Reuters) Swiss coffee machine maker Thermoplan was a small family firm until it rode the wave of late 1990s globalisation to become a key supplier ...

- - Key Starbucks supplier in Switzerland tastes bitter harvest of Trump tariffs

Dave GrahamSeptember 2, 2025 at 7:03 AM

By Dave Graham

WEGGIS, Switzerland (Reuters) -Swiss coffee machine maker Thermoplan was a small family firm until it rode the wave of late 1990s globalisation to become a key supplier for Starbucks and created more than 500 jobs in a lakeside village by the Alps.

The future of those jobs has been thrown into jeopardy since U.S. President Donald Trump on August 7 imposed 39% tariffs on Switzerland due to its trade surplus with the U.S.

Thermoplan CEO Adrian Steiner calculates the 39% levy and separate U.S. tariffs on industrial metals are costing the company in Weggis, on the picturesque shores of Lake Lucerne, around 200,000 Swiss francs ($250,000) every week.

"We're bleeding," he said. "It's obviously a losing business for us. We don't have the kind of margins to compensate for that."

Thermoplan is already taking steps to enable production in Germany so it can export under lower European Union tariffs, and is considering moving jobs to the U.S. to shore up business there.

Starbucks said it has had a long history of successfully navigating global changes, and is working closely with suppliers to help minimize any impacts on its business. After Trump first set out his global tariff plans on April 2, Thermoplan said it and Starbucks agreed to split the added costs.

The Swiss company, whose other clients include McDonald's and Nestle, is one of about 2,000 Swiss machinery makers that have carved out niches as specialist exporters despite high labour costs and the steady appreciation of the Swiss franc.

About one in every seven dollars made from exports by Swiss machine makers is U.S.-dependent, official data show.

But if Switzerland's tariffs stay at 39% and those on the EU at 15%, about four-fifths of U.S. exports from the Swiss mechanical and electrical engineering sector - worth some 10 billion francs last year - will disappear, said Jean-Philippe Kohl, deputy head of industry association Swissmem.

Tariff pressure could shift business to the EU, provided firms meet U.S. requirements to qualify as EU-based, Kohl said. A Swissmem survey showed nearly a third are considering it.

Jobs are already trickling away.

Around 3,000 in the sector went between the first and second quarters, Kohl said. At worst, that could become 30,000 by the end of 2026, he added.

'MADE IN SWITZERLAND'

In Weggis, there is disbelief that Thermoplan is now under threat from the United States.

"The USA is a really exciting country, be it for business or geographically," said Marcel Waldis, the municipal council's finance chief. "But right now, I'm deeply disappointed. How can it be that a big country is dependent on a single voice?"

With Switzerland attempting to negotiate lower duties, more tariffs possible, and U.S. legal challenges still pending, the outlook for Swiss firms is uncertain.

After Trump's April move, Steiner immediately instructed Thermoplan to look into producing in Germany.

Calling the tariffs "insanely unfair", Steiner said the idea of relocating jobs flew in the face of Thermoplan's "Made in Switzerland" seal of quality.

All Thermoplan's manufacturing is currently in Weggis, and 82% of components come from Switzerland. Fully 98% of its products are sold to export, and Starbucks accounts for 32% of its sales, about two-fifths of which are in the U.S.

Steiner wants Thermoplan to be able to begin manufacturing as soon as January in Germany.

But before it can, the firm has requested clarification from U.S. customs that the goods would qualify as EU-made. It hopes for word within a month, but Steiner worries the workaround will not satisfy U.S. officials.

"Because to be honest, I understand we're meant to go to America," he said. "Trump's goal is clear."

While conceding that such a move could ultimately benefit Thermoplan, Steiner said it may lack the muscle to uproot its supply chains to the U.S., and might not find enough skilled workers there.

A decision would need to be made within a year, and starting U.S. production could take over two years, he said.

And there is a deeper concern.

"If Trump gets what he wants with his power politics, there's a big danger other countries do the same," he said. "Then we'll have China First. India First. Russia First."

($1 = 0.8019 Swiss francs)

(Reporting by Dave Graham; Additional reporting by Savyata Mishra; Editing by Jan Harvey)

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Key Starbucks supplier in Switzerland tastes bitter harvest of Trump tariffs

Key Starbucks supplier in Switzerland tastes bitter harvest of Trump tariffs Dave GrahamSeptember 2, 2025 at 7:03...

 

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