Trump announces 25% tariff on cars, trucks from EU

(WASHINGTON) — In a wide-ranging telephone conversation with ABC News, President Donald Trump on Tuesday claimed “we have complete regime change now” in Iran and said his administration is carrying out negotiations now with Iranian leaders who are “more moderate” and “much more reasonable.”

While the administration has been relatively silent on the people involved on the Iranian side of the negotiations, Trump said his administration is speaking to the country’s Parliament Speaker Mohammad Bagher Ghalibaf.

Ghalibaf has been taunting the president on social media, but Trump said the new leadership is better than what Iran had before.

“Now we have a different group of people, and they are in control, but they’re much more moderate and, I think, much more reasonable,” he said.

Ghalibaf is known as a hardliner closely tied to the Iranian Islamic Revolutionary Guard Corps.

On Sunday, he posted a statement on X chiding Trump over his messaging during the conflict, insinuating that the president was trying to manipulate the market.

“Heads-up: Pre-market so-called ‘news’ or ‘Truth’ is often just a setup for profit-taking. Basically, it’s a reverse indicator,” he said. “Do the opposite: If they pump it, short it. If they dump it, go long. See something tomorrow? You know the drill.”

Trump brushed off Ghalibaf’s comments.

“I think if you notice, he’s toned it down a lot. He’s much better,” he said.

Trump, however, also offered what appeared to be a threat pointed directly at Ghalibaf.

“We know where he lives. Let’s put it that way,” he said.

Trump suggested that the soaring stock market before the war made it “a good time to do it.”

“The oil prices are going to go down. The stock market is going to go up. We had 50,000 [Dow Jones Industrial average] and we had 7,000 on the S&P. And I said, well, ‘I guess this is a good time to do it.'”

The Dow Jones Industrial Average has dropped by over 3,000 points and the S&P has dropped by nearly 500 points since the war began.

Global oil prices hovered around $117 a barrel on Tuesday, which amounted to a more than 50% price leap from pre-war levels.

Trump said that he’s negotiating on seizing Iran’s oil but didn’t provide further details.

The president was also coy about any military planning for Cuba, which he has also threatened over the last couple of weeks.

“I assume, in an orderly fashion, you’ve got to kind of finish up whatever you do in Iran first,” he said.

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(WASHINGTON) — Mayors from Minnesota to Louisiana traveled to Washington earlier this month with a bipartisan message that protecting the Mississippi River is not just an environmental issue, it is a matter of national security.

The mayors met with lawmakers and federal officials, including the Environmental Protection Agency and the Department of Homeland Security, as part of their annual Mississippi River Cities & Towns Initiative fly-in, and later spoke with ABC News about growing pressures facing the river corridor.

Stretching more than 2,300 miles through 10 states, the Mississippi River forms the backbone of one of the most important economic corridors in America. According to data shared by the mayors’ coalition, the river system generates nearly $500 billion in annual revenue and directly supports about 1.5 million jobs.

Its waters also carry a massive share of the nation’s agricultural exports, making the river central to U.S. and global food supply chains. According to the National Park Service, the Mississippi River Basin accounts for 92% of America’s agricultural exports, including 78% of the world’s exports of grains and soybeans.

Founded in 2012, the Mississippi River Cities & Towns Initiative (MRCTI) brings together local governments along the river corridor to coordinate priorities including clean water, economic stability, disaster resilience and food security.

However, this year’s trip to Washington came with new urgency.

Several mayors said the rise of artificial intelligence, declining infrastructure, growing demand for water and energy, geopolitical tensions in the Middle East affecting fuel prices and increasingly severe weather events are placing unprecedented pressures on the region.

One concern raised during the discussions was growing interest from water-scarce regions in the western U.S.

“The Colorado River Basin is looking at the Mississippi River Basin to move water into areas of Phoenix, Vegas — the places that are most water insecure on the continent,” Colin Wellenkamp, executive director of MRCTI and a Missouri state representative, told ABC News.

He added they “are looking into the Mississippi River basin for their water supply for the future.”

Coalition co-chair Mayor Melisa Logan of Blytheville, Arkansas, said the river system has become a national security concern as water demands grow.

“This water is absolutely essential for the security of the country, and you move it to another basin irresponsibly, right? That puts the nation at risk,” Logan told ABC News.

Several major U.S. water systems are already governed by interstate compacts, including the Great Lakes Water Compact and the Delaware River Basin Compact. These legally binding agreements, often approved by Congress, help to establish rules for managing and protecting shared water resources.

Supporters of a Mississippi River Compact say a similar framework could help coordinate policy across the 10 states that rely on a basin that supports national and international trade and food supply chains.

“That’s why these mayors are pursuing a Mississippi River Compact to protect the Mississippi,” Wellenkamp said.

He noted that his state passed a law for such an agreement.

“The other nine states aren’t far behind, because this is a real risk in the future,” Wellenkamp added.

Beyond water access, many mayors said the rising cost of disasters has become another urgent concern for communities along the river.

Logan, Blytheville’s mayor, said protecting the river requires key coordination across state lines, as communities along the river often struggle to secure federal funding for projects that cross state boundaries.

“Typically, they do it state by state by state,” Logan said, referring to federal funding programs. “But these impacts are multi-state by watershed.”

According to MRCTI materials, natural disasters along the Mississippi River corridor have caused more than $250 billion in losses since 2005.

Mayor Buz Craft of Vidalia, Louisiana, said local leaders often face delays when seeking federal disaster assistance.

“We need Congress to quit changing the goal post, for example, when we have an issue, whether it’s a tornado or hurricane,” he said.

Changing White House administrations can also put them back to square one, Craft noted.

“Just when you are about to get that funding for that past disaster they say ‘Oh, now you got to go through this,’ start all over and apply to this program, and it’s really a rat race,” he said.

Global instability is also beginning to show up in everyday costs for residents along the river. Several of the mayors said fuel prices along the Mississippi River recently jumped about 20 cents overnight. Those increases can quickly ripple through food prices, the mayors said, because much of the nation’s food supply moves by truck, rail or barge along the Mississippi River system.

Meanwhile, some communities are also preparing for a different kind of pressure, the rapid expansion of artificial intelligence infrastructure. The data centers that power AI systems require massive amounts of electricity and water for cooling, placing new increased demands on local power grids and water systems.

Mayor David Goins of Alton, Illinois, said companies have already begun exploring potential sites in his city.

“I think it’s important to get in front of it and get ahead of it,” he said. “This meeting right here is timely to get the resources that we can, that we can have at our disposal through different companies, organizations, to start preparing ordinances and start getting some type of framework or groundwork, because it’s coming.”

For the mayors gathered in Washington, the message they hoped policymakers would hear was simple: the Mississippi River’s importance stretches far beyond the cities along its banks.

“If you don’t live on the Mississippi River, you don’t necessarily understand the importance of the Mississippi River Basin to our entire continent,” Quincy, Illinois, Mayor Linda Moore said. “One in 12 people in the world is fed by food that flows up and down the Mississippi on a barge or from the river itself.”

For the mayors who traveled to Washington this week, the Mississippi River is more than a waterway — it is an economic lifeline whose currents shape American agriculture, trade and communities across the country.

Mayor Hollies Winston of Brooklyn Park, Minnesota, said the river’s influence reaches far beyond the 10 states it touches, and may stretch long into the future.

“If that water is not protected, we don’t know the impact that that has on the economy 15, 20, 30 years from now,” Winston said.

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(WASHINGTON) — Former FBI Director James Comey made an initial court appearance Wednesday after self-surrendering to law enforcement at the courthouse in the Eastern District of Virginia, following his indictment Tuesday on charges of threatening the president.

A federal grand jury in North Carolina on Tuesday indicted Comey over a controversial Instagram post from last year that President Donald Trump and members of his administration claimed was a threat against Trump.

Comey did not enter a plea during his court appearance.

He answered “Yes, your honor,” presumably as an acknowledgement of the charges in the indictment. He was flanked by his two attorneys, Jessica Carmichael and Patrick Fitzgerald.

Comey was allowed to the leave court without conditions for his release. His attorney said, “I don’t see why they’d be necessary this time.”

The indictment centers on a controversy that erupted nearly a year ago when Comey, in a since-deleted Instagram post, shared a picture showing the numbers “86 47” written in seashells on the beach with the caption “Cool shell formation on my beach walk.” Citing the slang meaning of “86” as to “nix” or “get rid” of something, allies of the president allege that the post was a veiled threat against Trump, who is the 47th president.

As outlined in the short, three-page indictment, Comey faces one charge of threats against the president and successors, and one charge of transmitting a threat in interstate commerce.

Prosecutors in the indictment say the post constitutes a threat that any “reasonable recipient who is familiar with the circumstances would interpret as a serious expression of an intent to do harm to the President of the United States.”

Comey’s attorneys indicated Wednesday that they plan to file a motion accusing the Justice Department of selectively and vindictively prosecuting Comey, and said in court they wanted to make sure the government preserved any materials and public statements that could be related to such a motion.

Prosecutors will likely face a high legal bar to prove that the Instagram post constituted a “true threat,” which the Supreme Court in 2023 found required showing an individual understood their message would be perceived as threatening. With the phrase “86 47” increasingly adopted by protesters of the Trump administration, the case could carry sweeping implications for the First Amendment.

Comey was indicted last year on unrelated charges for allegedly lying to Congress and obstruction related to his testimony before the U.S. Senate Judiciary Committee in 2020. Comey’s lawyers moved to dismiss the indictment, arguing the case was politically motivated and that the grand jury never saw the charges in their entirety, and the case was ultimately dismissed over issues with the legitimacy of the prosecutor who brought the case.  

“I know that Donald Trump will probably come after me again, and my attitude is going to be the same,” Comey said in a video posted to social media after the previous indictment was thrown out in November. “I’m innocent. I am not afraid, and I believe in an independent federal judiciary — the gift from our founders that protects us from a would-be tyrant.”

The new indictment comes as the Department of Justice in recent weeks has ramped up investigations of some of Trump’s perceived political foes under Acting Attorney General Todd Blanche, who is heading up the Justice Department following Trump’s ouster of Pam Bondi.

“Nothing has changed with me,” Comey posted online Tuesday in response to the indictment, echoing what he said after the previous indictment was thrown out last year. “I’m still innocent, I’m still not afraid and I still believe in the independent federal judiciary so let’s go.”

“But it’s really important that all of us remember this is not who we are as a country, this is not how the Department of Justice is supposed to be and the good news is we get closer every day to restoring those values,” he added. “Keep the faith.”

This is a developing news story. Please check back for updates.

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