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July 9, 2025

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Just when we thought tariff talk had gone quiet, it’s back on center stage. With the reciprocal tariff deadline landing this Wednesday, President Trump has mailed out notices that new duties will kick in on August 1. Countries such as Japan, South Korea, Malaysia, and Kazakhstan face a 25% levy, while a few others may see steeper rates.  

Wall Street didn’t take the news well. On Monday, the S&P 500 ($SPX) closed lower by 0.79%.  

Before the July 4 long weekend, the S&P 500 and Nasdaq Composite ($COMPQ) notched fresh record highs, buoyed by solid jobs data. But like migratory birds, tariffs circled back on Monday and pushed stocks lower almost across the board.  

Monday’s performance can be encapsulated by the StockCharts MarketCarpets screenshot below. It was pretty much red except for a few lonely green squares. 

FIGURE 1. STOCK MARKET’S PERFORMANCE ON MONDAY, JULY 7. Besides a few lonely green squares, the screen lit up red. Image source: StockCharts.com. For educational purposes.

Why Pullbacks Can Be Your Friend

Stock market pullbacks aren’t all bad. They give investors and traders a chance to go bargain hunting. A handy tool is the Market Movers panel in your StockCharts Dashboard. Check the “S&P 500 % Down” category to spot the 10 stocks in the index that had the largest % loss for the trading day. Then view the charts and see if any deserve a place in your ChartLists.

Two names that caught my eye: 

  1. Tesla, Inc. (TSLA)
  2. ON Semiconductor Corp. (ON) 

FIGURE 2. MARKET MOVERS PANEL FROM MONDAY, JULY 7. From this list, two stocks worth considering as “buy the dip” opportunities are TSLA and ON. Image source: StockCharts.com. For educational purposes.

Tesla, Inc. (TSLA): Sitting on the Fence

While it’s clear that politics helped knock TSLA down, the chart tells a fuller story. 

From the daily chart of TSLA below, it’s clear that the stock has seen some erratic movement recently. 

FIGURE 3. DAILY CHART OF TSLA’S STOCK PRICE. TSLA’s stock price has danced above and below its 200-day simple moving average, and momentum is relatively weak. Chart source: StockCharts.com. For educational purposes.

Since April, TSLA’s stock price looked like it was recovering after it broke out above its 200-day simple moving average (SMA). However, in early June it dipped below it and then went above it, and is now back below it. The June 23 high was below the end of May high. The relative strength index (RSI) and percentage price oscillator (PPO) indicate weakening momentum. The big question is where is TSLA going to find support? 

Watch three support levels on your chart. TSLA’s stock price has moved above the first support level. Look for momentum to pick up to confirm the upside move. If TSLA’s stock price doesn’t hold at this level and falls further towards the $270 or $220 levels, similar conditions would apply. However, a significant fall in price would weaken momentum significantly and would need stronger evidence to consider going long. 

ON Semiconductor (ON): Stalling at Resistance

ON has lagged its chip-making peers. Over the past year, ON Semiconductor has underperformed the VanEck Semiconductor ETF (SMH). ON supplies chips to automakers and manufacturers, so its fortunes rise and fall with car demand. 

The daily chart of ON below shows that since early April the stock price has recovered with a series of higher highs and higher lows. It is now facing resistance of its 200-day SMA, a resistance area that coincides with the February high and the early January gap down. Momentum looks like it’s rising as indicated by the slight rise in RSI and a potential bullish crossover in the PPO. 

FIGURE 4. DAILY CHART OF ON SEMICONDUCTOR. Since early April, ON has printed higher highs and higher lows. The stock price is now hovering around its 200-day SMA, and momentum seems to be gaining a little strength. Chart source: StockCharts.com. For educational purposes.

I would look for ON to clear $58 on strong volume and improving momentum before opening a long position.  

Closing Position

  • Add price alerts in StockCharts at each support level (for TSLA) or resistance level (for ON).
  • When an alert triggers, re-evaluate the chart to confirm if momentum is strong enough for a price reversal and upside follow-through. 

A short-term investment could be a better choice for TSLA since its price performance is correlated to Elon Musk’s involvement with the company. 

ON could be a steadier, longer-term investment if the stock price breaks above resistance. 

No matter what, decide in advance where you’ll place your stops. Then stick to your plan because discipline always wins.


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

 

(TheNewswire)

 

        

   
                         

 

Vancouver, British Columbia July 8, 2025 TheNewswire – Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the ‘Company’ or ‘Juggernaut’), further to its June 4, June 12, and June 16, 2025, news releases, the Company is pleased to announce that it has closed its private placement financing (the ‘Financing’) for aggregate gross proceeds of $1,100,000.

 

  The Company issued 1,718,731 $0.64 units (‘Units’), each Unit consisting of one (1) common share of the Company and one (1) common share purchase warrant, each warrant being exercisable at $0.84 for 5 years, subject to the right of the Company to accelerate the exercise period to 30 days if, after the 4-month hold has expired, shares of the Company close at or above $1.84 for 10 consecutive trading days.  

 

  The proceeds will be used to explore Juggernaut’s properties located in Northwestern B.C. and for general working capital.  

 

  Cash finders’ fees of $65,999 were paid and 103,124 non-transferable broker warrants issued in accordance with TSXV Polices.  

 

  All securities issued pursuant to this Financing are subject to a 4-month-plus-one-day hold from date of issuance.  

 

  About Juggernaut Exploration Ltd.  

 

  Juggernaut Exploration Ltd. is an explorer and generator of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. Its projects are in world-class geological settings and geopolitical safe jurisdictions amenable to Tier 1 mining in Canada. Juggernaut is a member and active supporter of CASERM, an organization representing a collaborative venture between the Colorado School of Mines and Virginia Tech. Juggernaut’s key strategic cornerstone shareholder is Crescat Capital.  

 

  For more information, please contact  

 

  Juggernaut Exploration Ltd.  

 

  Dan Stuart  

 

  President, Director, and Chief Executive Officer  

 

  604-559-8028  

 

    info@juggernautexploration.com    

 

    www.juggernautexploration.com    

 

  NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.  

 

  FORWARD LOOKING STATEMENT  

 

  Certain disclosures in this release may constitute forward-looking statements that are subject to numerous risks and uncertainties relating to Juggernaut’s operations that may cause future results to differ materially from those expressed or implied by those forward-looking statements. Readers are cautioned not to place undue reliance on these statements. NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN IT.  

 

Copyright (c) 2025 TheNewswire – All rights reserved.

 

 

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

 

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; ‘ BRW ‘ or the ‘ Company ‘) is pleased to report the final set of results obtained as part of the 2025 Winter drill campaign conducted on its Mirage Project. The Mirage Project is located in the Eeyou Istchee–James Bay region of Quebec, approximately 40 kilometers south of the Trans-Taiga Road. This press release primarily focuses on the drilling work carried out in the eastern extension of the MR-6 dyke and the ‘Stacked Dyke’ zone.

 

  Highlights include:  

 

  • The discovery of a further three new major dykes located between 200 and 500 meters northeast of MR-6, which returned 33.2 meters at 1.1% Li    O in drill hole MR-25-110, 20 meters at 1.3% Li    O and 11 meters at 1.2% Li    O in drill hole MR-25-112.
  •  

  • The ‘Stacked Dyke’ zone was extended 150 meters to the north, with hole MR-25-106 intersecting 17.4 meters at 1.01% Li    O .
  •  

  • Over the course of the Winter 2025 program, BRW has discovered a total of 4 new major dykes measuring between 10 meters and 35 meters, all located near surface and in the core of the project all of which remain open in all directions.
  •  

  • Elevated tantalum concentrations continue to be strongly associated with lithium mineralization with values consistently ranging from 150 to 350ppm. Further metallurgical work will be completed to determine the viability of producing a tantalum byproduct.
  •  

Mr. Killian Charles, President and CEO of BRW, commented: ‘Brunswick Exploration remains one of the most compelling stories in the mining sector as we leverage the atypical combination of advanced exploration work at Mirage alongside an aggressive global lithium grassroot program which has no comparable peers. As the lithium market regains strength over the coming quarters and years, we are uniquely positioned to benefit from new discoveries and the continued development of Mirage.

 

‘Today’s results serve once more to highlight the exploration potential of Mirage. Even after more than 20,000 meters of drilling over the last 18 months, we have repeatedly and continue to intercept new dykes of appreciable width and grade. As we move toward a maiden resource estimate in late 2025, I am extremely proud of the work the BRW exploration team has achieved across its still growing pipeline of projects.’

 

  Mirage Project Drilling Overview  

 

The Mirage Project comprises 427 claims located roughly 40 kilometers south of the Trans-Taiga Highway in Quebec’s James Bay region and 34 kilometers northeast of Winsome Resources’ Adina Project.

 

The drilling campaign was primarily aimed at extending the mineralized ‘Stacked Dyke’ zone to the northeast. The highlights presented in this press release are shown in Table 1 and Figures 1 and 2. Collar locations are provided in Table 2.

 

  Figure 1 : Zone Location at Mirage Project

 

 

 

  Figure 2 : Central Zone of the Mirage Project

 

 

 

Drill hole MR-25-110 led to the discovery of a new spodumene-bearing pegmatite dyke, grading 1.1% Li₂O over 33.2 meters from 217 to 251 meters (vertical depth of 180 meters), while drill hole MR-25-112 returned 1.3% Li₂O over 20 meters from 367.9 to 387 meters (vertical depth of 290 meters). These two new dykes are interpreted to be sub-parallel, oriented approximately N130/30. Drill hole MR-25-112 also intersected another dyke grading 1.2% Li₂O over 11 meters from 328 to 339 meters (vertical depth of 250 meters), which is believed to be also parallel to the others. These new intersections highlight the stacking of sub-horizontal mineralized dykes in this area. The dykes remain open in all directions.

 

  Figure 3 : Section A-A’

 

 

 

Drill hole MR-25-117 also intersected a 27-meter-wide pegmatite from 329 to 356 meters. This pegmatite is interpreted to be the same one intersected in drill hole MR-25-112 (which returned 1.3% Li₂O over 20 meters from 367.9 to 387 meters). However, due to the proximity of the Lac Orion fault, in MR-25-117, the pegmatite shows significant alteration and the spodumene has been largely replaced by cookeite. As a result, lower values of lithium were reported and only a smaller subinterval returned significant lithium with 1.8% Li₂O over 3.2 meters. Nonetheless, the presence of the dyke over sizeable widths is extremely encouraging and remains an excellent follow-up target for further drilling campaign.

 

Drill hole MR-25-109 extended the ‘Stacked Dyke’ zone by more than 100 meters to the North, with several spodumene-bearing pegmatite intersections. The widest interval returned 1.3% Li₂O over 13.3 meters, from 21.4 to 34.7 meters. The dykes in this hole are sub-horizontal and demonstrate a change in orientation compared to the central zone, where dykes typically dip 60 to 70 degrees to the southeast.

 

Drill hole MR-25-116 intersected over forty moderately mineralized pegmatite dykes, generally of limited thickness. While the lithium grades were modest, this hole highlights the strong potential for the mineralized system to continue toward the Northeast. The intersected dykes remain open in all directions.

 

Drill hole MR-25-113, located approximately 4.5 km northeast of the central zone, was completed as a reconnaissance exploration hole. Unfortunately, no spodumene-bearing pegmatite was intersected in this hole.

 

  Table 1: 2025 Winter Drilling Program Discussed in this Release

 

                                                                                                      

  Hole ID     From (m)     To (m)     Length (m)     Li2O (%)     Ta2O5 (ppm)  
  MR-25-109     21.4     34.7     13.3     1.3     351  
MR-25-109 64.5 69.2 4.7 1.2 266
MR-25-109 106.6 111.8 5.2 1.3 222
MR-25-110 42.6 47.6 5.0 1.0 245
  MR-25-110     217.8     251.0     33.2     1.1     128  
MR-25-112 113.9 116.3 2.3 1.4 183
MR-25-112 251.5 253.7 2.2 0.8 172
MR-25-112 316.0 321.4 5.4 1.2 193
  MR-25-112     328.0     339.0     11.0     1.2     160  
  MR-25-112     367.9     387.8     20.0     1.3     231  
MR-25-116 52.6 55.8 3.2 0.9 172
MR-25-116 74.5 76.8 2.3 0.5 140
MR-25-116 152.0 164.9 13.0 0.3 123
MR-25-116 200.7 203.6 2.9 1.1 141
MR-25-117 210.9 212.9 2.0 1.2 281
MR-25-117 341.5 344.6 3.2 1.8 309

 

  True thickness is estimated to vary between 80% and 90% across all reported holes in the 2025 Winter campaign.  

 

  Table 2 : Drill Hole Collars

 

                                          

  Hole ID     Azimut     Dip     Length (m)     UTM NAD83 z18 – East     UTM NAD83 z18 – North  
MR-25-109 300 -55 279 683432 5941447
MR-25-110 300 -55 267 683227 5941533
MR-25-112 300 -55 399 683324 5941492
MR-25-113 300 -55 169.7 686828 5943668
MR-25-116 340 -45 300 683577 5941438
MR-25-117 300 -50 363 683463 5941701

 

  3D model update  

 

Following the completion of the 2025 Winter drill campaign, Brunswick Exploration, in collaboration with PLR Resources (https://www.plr-resources.com/), updated its 3D model in preparation for a first resource estimate planned for late 2025. Figure 3 shows the location of the sections presented in Figures 5 and 6.

 

  Figure 4: Location of Section B-B’ and C-C’

 

 

 

  Figure 5 : Section B-B”

 

 

 

  Figure 6 : Section C-C’

 

 

 

Observations from field work and drilling indicate that the geometry of the pegmatite dykes in the core of the project (covering North, Central and South Zone) is closely linked to a regional antiformal folding pattern. Although the dykes locally appear to be folded, evidence strongly supports that their emplacement was primarily controlled by the hinges of these antiformal folds, rather than the dykes being simply passively deformed post-emplacement.

 

The emplacement of the pegmatites is interpreted as syn- to post-tectonic, likely occurring towards the final stages of the second deformation event in the region. This timing corresponds with a decrease in regional stress conditions, allowing pegmatitic melts to be focused and emplaced in structurally favorable zones such as fold hinges and lithological contacts.

 

Hydrothermal alteration observed in specific segments of certain pegmatite dykes, notably at MR-3 and MR-6, indicates post-emplacement metasomatic fluid activity. These fluids are believed to be associated with reactivation along nearby structures, particularly the Orion Lake Fault, which likely acted as a fluid conduit during late-stage tectonism.

 

Of note, the role of gabbroic units in the area remains to be fully determined; however, their consistent spatial association with pegmatite dykes suggests they may also have influenced pegmatite emplacement. Some pegmatite dykes could be guided by contacts between metagabbro and metavolcanic rocks, potentially acting as rheological boundaries favorable to dyke propagation.

 

  QAQC  

 

All drill core samples were collected under the supervision of BRW employees and contractors. The drill core was transported by helicopter and by truck from the drill platform to the core logging facility in Val-d’Or. Each core was then logged, photographed, tagged, and split by diamond saw before being sampled. All pegmatite intervals were sampled at approximately 1-meter intervals to ensure representativity. Samples were bagged; duplicated on reject, blanks and certified reference materials for lithium were inserted every 20 samples. Samples were bagged and groups of samples were placed in larger bags, sealed with numbered tags, in order to maintain a chain of custody. The sample bags were transported from the BRW contractor facility to the AGAT laboratory in Val-d’Or. All sample preparation and analytical work was performed by AGAT by sodium peroxide fusion with ICP-OES and ICP-MS finish. All results passed the QA/QC screening at the lab and all inserted standard and blanks returned results that were within acceptable limits. All reported drill intersections are calculated based on a lower cutoff grade of 0.3% Li2O, with maximum internal dilution of 5 meters. Host basalts adjacent to the dykes may grade up to 0.3% Li2O but were excluded from the reported intersections.

 

  Qualified Person  

 

The scientific and technical information contained in this press release has been reviewed and approved by Mr. Simon T. Hébert, VP Development. He is a Professional Geologist registered in Quebec and is a Qualified Person as defined by National Instrument 43-101.

 

  About Brunswick Exploration  

 

 Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under symbol BRW. The Company is focused on grassroots exploration for lithium in Canada, a critical metal necessary to global decarbonization and energy transition. The company is rapidly advancing the most extensive grassroots lithium property portfolio in Canada and Greenland.

 

  Investor Relations/information  

 

Mr. Killian Charles, President and CEO ( info@brwexplo.ca )

 

  Cautionary Statement on Forward-Looking Information  

 

  This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.  

 

Photos accompanying this announcement are available at

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/d95734af-c249-4da4-a9c2-bb5fbe0aab0f  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/41eac253-f61c-43b4-9753-2cd3d0d6d55d  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/550313e2-f6ad-4966-987c-6d023678ec1f  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/e588a1b4-6128-41e3-944c-5b1097b8ab98  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/58151d57-78ac-4465-adbf-aaf2e0b9ff43  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/2f47949b-b03c-4a78-b3f1-a3c289f8b234  

 

   

 

 

News Provided by GlobeNewswire via QuoteMedia

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Former President Joe Biden’s persistent use of a teleprompter during public events, including during a fundraiser with just a couple dozen supporters, left donors complaining for months and dashed their expectations of hearing from the 46th president, a new book claims. 

‘For most of the campaign, Biden only ever spoke with the assistance of a teleprompter, even for small private audiences,’ a new book, ‘2024: How Trump Retook the White House and the Democrats Lost America,’ reported. ‘The presence of the machine made for extremely awkward interactions in intimate settings, and irked donors who had paid thousands of dollars for a personal view of the president, not expecting a canned speech they could see on TV.’ 

‘He once read from a teleprompter in front of thirty people in the open kitchen of a Palo Alto mansion,’ the book continued. ‘Donors complained for months about the president’s reliance on the machine. Aides defended the teleprompter as a tool to keep the famously garrulous president on schedule.’ 

‘2024: How Trump Retook the White House and the Democrats Lost America’ was released Tuesday and authored by Josh Dawsey of the Wall Street Journal, Tyler Pager of the New York Times and Isaac Arnsdorf of the Washington Post. It details the 2024 presidential campaign cycle, including Biden’s cratering health issues. 

The book detailed that just days after Biden’s disastrous June 2024 debate against President Donald Trump that opened the floodgates to typical Democrat supporters turning their backs on Biden ahead of the election, the president attended a campaign event at Virginia Democrat Rep. Dan Beyers’ house without a teleprompter. The book claims Biden only spoke for about six minutes.

‘At Beyer’s house, the campaign was eager to prove Biden could speak off the cuff. There was no teleprompter to be found. The president blamed his poor debate performance on a heavy travel schedule and said he ‘almost fell asleep onstage.’ He spoke for about six minutes,’ the book detailed. 

The word ‘teleprompter’ appears in the new book a dozen times, mostly referencing the president’s reliance on the machine, as well as concern among some staffers that using a teleprompter was crucial to the president avoiding the unexpected as his health deteriorated. 

‘The officials who planned events at the White House tried to avoid any surprises or unpredictable situations. If the president was going to speak, he would go to the podium, deliver remarks from a teleprompter, and leave. There was no room for creativity or spontaneity,’ the book states in a section on how Biden had fallen during a commencement in 2023 and staff devised plans to prevent another public fall in the future. 

‘Everyone could see the president was aging. He sometimes failed to recognize former staff at functions. Still, current aides insisted his decline was strictly physical, and even then they acknowledged it only by trying to Bubble Wrap the president and avoid any more catastrophes. Staff limited direct access to the president, keeping meetings with him small,’ the book continued.

Biden entered his 2024 reelection cycle already racked by claims and concerns that his mental acuity had slipped and he was not mentally fit to continue serving as president, which was underscored by special counsel Robert Hur’s report in February 2024 that rejected criminal charges against Biden for possessing classified materials, citing he was ‘a sympathetic, well-meaning, elderly man with a poor memory.’ Fox News has been reporting on Biden’s apparent health decline since at least 2020. 

Biden brushed off the claims throughout 2024, until his debate against Trump in June of that year, when he was seen tripping over his words, speaking in a far more subdued tenor than during his vice presidency, and losing his train of thought at times. The debate opened the floodgates to criticism among Democrats that Biden should step aside and pass the mantle to a younger generation of Democrats. 

After weeks of the White House and campaign staffers vowing Biden would stay in the race and to ‘keep the faith,’ Biden announced in a social media post on a Sunday afternoon in July 2024 that he dropped out of the race. He endorsed then-Vice President Kamala Harris to run for the Oval Office, giving her just over 100 days to launch her own campaign that failed to rally enough support when up against Trump. 

Fox News Digital reached out to Biden’s office regarding the claims in the new book, but did not immediately receive a reply.

This post appeared first on FOX NEWS

The Cato Institute is warning that the federal government is testing the outer limits of executive power with President Donald Trump’s use of emergency tariffs, and it wants the courts to put a stop to it.

In a new amicus brief filed in V.O.S. Selections, Inc. v. Trump, Cato argues that the president overstepped his legal authority under the International Emergency Economic Powers Act (IEEPA) by imposing steep tariffs on imports from countries including China, Mexico and Canada.

The libertarian thinktank argues the move undermines the Constitution’s separation of powers and expands executive authority over trade in ways Congress never intended.

‘This is an important case about whether the president can impose tariffs essentially whenever he wants,’ Cato Institute legal fellow Brent Skorup said in an exclusive interview with Fox News Digital. ‘There has to be a limit — and this administration hasn’t offered one.’

‘Tariff rates went up to 145% on some products from China,’ he said. ‘And the president’s lawyers couldn’t offer a limiting principle. That tells you the administration believes there’s no real cap, and that’s a problem.’

Cato’s brief urges the appeals court to uphold a lower court ruling that found the tariffs exceeded the president’s statutory authority. The U.S. Court of International Trade ruled earlier this year that the president’s use of IEEPA in this case was not legally authorized. The court said the law does not permit the use of tariffs as a general tool to fight drug trafficking or trade imbalances.

Skorup said in court the administration was unable to define a clear limit on its authority under IEEPA. 

‘They couldn’t articulate a cap,’ he said. ‘There’s nothing in the law that mentions duties or tariffs. That’s a job for Congress.’

The administration has defended its actions, arguing that IEEPA provides the necessary tools for the president to act swiftly in times of national emergency. Trump officials maintain that both the fentanyl crisis and America’s trade vulnerabilities qualify.

‘There are real emergencies, no one disputes that,’ Skorup said. ‘But declaring an emergency to justify global tariffs or solve domestic trade issues goes far beyond what most Americans would recognize as a legitimate use of emergency powers.’

Skorup acknowledged that the real issue may be how much discretion Congress gave the president in the first place. 

‘It’s a bipartisan problem. Presidents from both parties have taken vague laws and stretched them. Congress bears some of the blame for writing them that way,’ he said, adding that’s why courts should ‘step in and draw the line.’

For small businesses like V.O.S. Selections, the costs go beyond legal fees. Skorup said businesses who rely on imports, like V.O.S., have struggled to plan ahead as tariffs have been paused and reinstated repeatedly.

Skorup said there are several small businesses that rely on global imports and it becomes a ‘matter of survival’ when tariff rates change unexpectedly.

‘V.O.S. Selections imports wine and spirits and when the tariff rates go up unexpectedly, they can’t get products to their distributors as planned,’ he said. ‘And that’s true for others too, like pipe importers and specialized manufacturers. These companies don’t have the flexibility to absorb those costs or adjust overnight.’

If the appeals court sides with the administration, it could mark a major expansion of presidential power over trade policy. Skorup warned that such a ruling would allow future presidents to take similar actions with little oversight.

‘It would bless Congress’ ability to hand over immense economic power to the president,’ he said. ‘That would blur the separation of powers that the Constitution is supposed to protect.’

A decision from the appeals court is expected later this year.

The White House did not immediately respond to Fox News Digital’s request for comment.

This post appeared first on FOX NEWS

In a blockbuster report, the CIA has belatedly exposed the rank corruption among top intelligence officials who connived to frame President Donald Trump and drive him from office during his first term.  

Their pernicious lie was that Trump colluded with Russia to rig the 2016 presidential election in his favor. The principal piece of so-called evidence was a document known infamously as the dossier.  

It was secretly financed by Hillary Clinton’s presidential campaign and Democrats, conceived by a foreign agent with a checkered past in espionage, and then brokered to solicitous collaborators at the FBI, CIA, the Department of Justice and the Trump-hating media.  

The dossier was garbage, of course. The FBI largely debunked it before Trump was even sworn in and fired its author, Christopher Steele, for lying as a confidential human source. But the bureau concealed those inconvenient facts under then-Director James Comey and deftly exploited the document as a cudgel to bludgeon the newly elected president.  

Comey was aided and abetted by others in the intelligence community, including CIA Director John Brennan and Director of National Intelligence James Clapper. This malignant force of unelected officials plotted to smear Trump with what is surely the dirtiest trick in political history.  

Recently, current CIA Director John Ratcliffe declassified and released an internal agency review of the machinations that helped fuel the Russia hoax. In a statement posted on social media, Ratcliffe stated, ‘All the world can now see the truth: Brennan, Clapper and Comey manipulated intelligence and silenced career professionals — all to get Trump.’ 

Citing previously hidden records, the review concluded that Brennan, in particular, pushed for the phony dossier to be included in the Intelligence Community Assessment (ICA) to catalyze a false narrative against Trump. Senior CIA experts on Russia objected but were sidelined and silenced.  

The CIA’s deputy director for analysis warned Brennan in writing that including the discredited dossier in any capacity jeopardized ‘the credibility of the entire paper.’ Brennan didn’t care. The fiction penned by the ex-British spy conformed to the director’s preconceived fable that Trump colluded with Russia.  

The ICA, which was ordered by President Barack Obama, was rushed to completion just days before Trump’s inauguration. Brennan directed its composition and handpicked the analysts who compiled the ersatz information. To stifle dissent, 13 other key intelligence agencies were deliberately excluded. To put it bluntly, Trump was set up.  

According to the new CIA review, Comey and Clapper were all in on the scheme. In an interview with the New York Post, Ratcliffe said, ‘This was Obama, Comey, Clapper and Brennan deciding ‘We’re going to screw Trump.’’ 

They knew the dossier was junk, which motivated them to prop it up as a reliable indictment of Trump. By incorporating it in the ICA they could leak and propagate both documents as mutual corroboration. It was a clever ruse. An illusion.  

Those of us who have long covered the bogus collusion story knew it long ago. In my 2019 book, ‘Witch Hunt,’ I recounted how Brennan ‘insisted that the dossier be included in the classified intelligence report,’ but then told Congress under oath that the dossier was ‘not in any way used as the basis for the intelligence community’s assessment.’ Clapper’s testimony was nearly identical.  

Here is what I wrote in chapter 2: 

‘Brennan and Clapper were spinning a deception. A prominent colleague contradicted them and produced documents as proof that they were not telling the truth. In a classified letter to Congress, National Security Agency director Michael Rogers disclosed that the uncorroborated document (the dossier) ‘did factor into the ICA’ report. Having been caught in a falsehood, Clapper then repudiated his earlier statement. Brennan continued to deny all of it, the contrary evidence notwithstanding.’  

Neither Brennan nor Clapper was ever prosecuted for perjury.  

None of that bothered news organizations. MSNBC promptly hired Brennan, while Clapper went to work for CNN. I described what they did from their media perches:  

‘The two super spooks launched an all-out attack on Trump, exploiting their new television platforms to advance the toxic fiction that the president was a secret Russian asset who had ‘colluded’ with Putin. It didn’t matter to CNN that a House Intelligence Committee report determined that it had been Clapper who had leaked news of the phony dossier to the network before Trump had ever taken office.’  

The collusion narrative was a conspiracy itself. The collaborators knew it was a lie, but they manipulated the dossier and the ICA to peddle their fairy tale. With Hillary and her confederates, they engineered the hoax. Brennan even accused Trump of treason.  

Comey also knew the dossier was spurious, as I wrote in chapter 4:  

‘He knew exactly where the dossier came from and who paid for it. He used it as the primary basis for the warrants, used it as part of the nonpublic version of the intelligence community assessment, and used it to debrief President-elect Trump so that it could be leaked to the media in January 2017.’ 

They knew the dossier was junk, which motivated them to prop it up as a reliable indictment of Trump. By incorporating it in the ICA they could leak and propagate both documents as mutual corroboration. It was a clever ruse. An illusion.  

Comey’s decision to purloin and leak additional FBI documents triggered — just as he planned — the appointment of Special Counsel Robert Mueller and his dilating investigation of Trump that hobbled his presidency for two years.  

On the day that Mueller issued his report concluding that there was no evidence of a Trump-Russia collusion conspiracy, the sheepish Brennan conceded, ‘I don’t know if I received bad information, but I think I suspected there was more than there actually was.’  

That’s quite the Jekyll-Hyde metamorphosis for a guy who enthusiastically endorsed the dossier and who kept claiming that ‘it was in line’ with his own CIA sources, in which he ‘had great confidence.’ That, too, was a fabrication, according to the newly released CIA review.  

What did Comey have to say?  In public, the master prevaricator dissembled and pleaded ignorance.  But before Congress, he was forced to admit that some of his actions would have been different had he known then what he knows now.  Not likely.  He was wedded to the artifice of collusion because he despised Trump. 

Director of National Intelligence Tulsi Gabbard has vowed a reckoning. She told Fox News, ‘We are digging deep to find everything that has been related to this, and I guarantee you there are some U.S. attorneys who are eager to see what we are finding — in some cases are already working their own cases to bring about that necessary accountability.’  

Unless those who unscrupulously weaponized their immense power for political purposes are held to account, it will happen again. And again. The only remedy for lawlessness is justice.  

The reckoning awaits. 

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The State Department is investigating an impostor who reportedly pretended to be Secretary of State Marco Rubio with the help of AI. 

The mystery individual posing as one of President Donald Trump’s Cabinet members reached out to foreign ministers, a U.S. governor and a member of Congress with AI-assisted voice and text messages that mimicked Rubio’s voice and writing style, the Washington Post reported, citing a senior U.S. official and State Department cable. 

‘The State Department, of course, is aware of this incident and is currently monitoring and addressing the matter. The department takes seriously its responsibility to safeguard its information and continuously take steps to improve the department’s cybersecurity posture to prevent future incidents. For security reasons, we do not have any further details to provide at this time,’ State Department spokesperson Tammy Bruce said Tuesday. 

When asked by Fox News about Rubio’s reaction to being impersonated, she said, ‘We’re not at a point here where I will discuss or portray what actions are being taken or his reaction.’ 

‘The secretary… is very transparent, quite transparent, and he’s direct with everyone. I think that any description of his reaction, of course, belongs to him. And I would suspect that at some point we’ll have that for you,’ Bruce added. 

She also said that ‘We live in a technological age that we are well enmeshed in.’ 

It’s unclear who is using AI to impersonate Rubio, but it’s suspected they are doing so in an attempt to manipulate government officials ‘with the goal of gaining access to information or accounts,’ the State Department cable said, according to the Washington Post. 

The cable reportedly said the impersonation act started in mid-June when someone created a Signal account with the display name Marco.Rubio@state.gov — which isn’t Rubio’s actual email address. 

The July 3 cable reportedly added that the fake Rubio ‘contacted at least five non-Department individuals, including three foreign ministers, a U.S. governor, and a U.S. member of Congress.’ 

‘The actor left voicemails on Signal for at least two targeted individuals and in one instance, sent a text message inviting the individual to communicate on Signal,’ the Washington Post also cited the cable as saying. 

The impersonation attempt ultimately was unsuccessful and ‘not very sophisticated,’ a senior U.S. official told The Associated Press.

Fox News’ Nick Kalman contributed to this report.  

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