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Trump floats 100% tariff on Barbies while his UK trade ‘deal’ shields super-luxury cars like Rolls-Royce

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New York
CNN
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Even as President Donald Trump pushes a message of self-sacrifice when it comes to how many dolls American children should own, his administration’s first trade “deal” includes a carveout for cars – luxury ones.

Trump on Thursday hailed the fact that the US-UK framework for trade talks calls for lowering tariffs on UK cars, saying it wasn’t his intention to persuade “super-luxury” brands including Rolls-Royce, Bentley and Jaguar to build cars in the United States.

According to a fact sheet shared by the White House, the Trump administration has already agreed to lower tariffs on the first 100,000 UK vehicles imported into the United States each year to 10%. Additional vehicles face a 25% tariff.

“We took it from 25 to 10 on Rolls-Royce because Rolls-Royce is not gonna be built here. I wouldn’t even ask them to do that. You know, it’s a very special car and it’s a very limited number too,” Trump said, announcing the agreement with Britain in the Oval Office.

During the same event, Trump floated slapping a 100% tariff on toys made by Mattel and attacked the company’s CEO after the Barbie and Hot Wheels maker said its toys couldn’t be manufactured in America and still be sold at affordable prices.

The United Kingdom exported only about 90,000 cars to the United States last year, according to S&P Global Mobility, making it the sixth-largest source of imported vehicles, responsible for only 1% of imported cars.

US Commerce Department data showed that the value of cars imported from the UK came to $12.3 billion, meaning that the average price of a British import was more than $135,000.

“It’s not… one of the monster car companies that makes millions of cars. They make a very small number of cars that are super-luxury and that includes Bentley and Jaguar… some very special cars,” Trump said. “That’s really… handmade stuff and they’ve been doing it for a long time in the same location,” he added, noting that he wanted to help the makers of such cars.

Other luxury British car brands that could benefit from the lowered tariffs include Land Rover, Aston Martin and Mini.

That means Trump has made it cheaper to import cars that relatively few Americans buy – or, for that matter, can afford – while keeping tariffs for now on more popular and affordable brands, mostly imported from countries other than the UK.

“Laser focused on reducing prices for everyday Americans from Day One,” University of Michigan economist Justin Wolfers posted on X, “the President has struck a deal that will lower the price of Rolls Royces, Bentleys, Jaguars, Aston Martin’s, Range Rovers and Minis.”

Wolfers noted that “no other consumer good received carveouts” from the US-UK trade framework.

Meanwhile, Mattel CEO Ynon Kreiz said it’s unlikely Trump’s tariffs will cause toy manufacturing to come to America.

“We don’t see that happening,” the Mattel CEO told CNBC after the company warned that tariffs will increase toy prices for American consumers.

Trump fired back, saying: “We’ll put a 100% tariff on his toys, and he won’t sell one toy in the United States, and that’s their biggest market.” Trump added: “I wouldn’t wanna have him as an executive too long.”

Of course, a 100% tariff on America’s leading toy company would likely cause an even bigger jump in toy prices charged to US consumers. It could also make it very difficult or virtually impossible for parents to buy new Barbies and other toys. Retailers typically start stocking up over the summer for the holiday shopping season.

Ken Griffin, the hedge fund billionaire who backed Trump in the 2024 election, told CNBC this week that tariffs are a “painfully regressive tax” that will “hit the pocketbook of hardworking Americans the hardest.”

In an interview with Politico, Griffin added that “tariffs open the door to crony capitalism,” with the government picking winners and losers. “I thought this would play out over the course of years. It’s terrifying to watch this play out over the course of weeks,” he said.

CNN’s Maria Sole Campinoti contributed to this report.



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The ‘golden summer of cheap flights’: Now’s the time for last-minute deals

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CNN
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Still haven’t pressed “purchase” on your summer vacation? There’s some good news for procrastinators this hectic travel season.

If you have yet to book peak summer airfare to popular destinations in Europe, among other places, you can expect to find lower prices and more award availability than the norm for this typically busy time of year, travel experts say.

The indications of a slowdown in global travel, paired with ongoing economic uncertainty, are resulting in some bargain international and domestic airfares.

And now might be the sweet spot for finding a last-minute summer travel deal.

Travel expert Katy Nastro, with airfare tracking site Going, says that while it’s hardly an exact science, there’s typically a “Goldilocks” window for booking flights during peak travel times, such as summer.

It’s usually recommended to lock in peak-season domestic airfare at least three to seven months out from the date you plan to travel. For international flights, the experts at Going suggest booking four to ten months out for peak dates.

But this summer has “sort of flipped itself on its head,” Nastro says, adding that even for close-in travel dates to destinations near and far, there are still summer airfare deals to be had for people booking just one to three months out.

For non-peak travel periods, the Goldilocks window is one to three months in advance for domestic fares and two to eight months out for international flights.

It’s not only domestic destinations with deals, says Nastro, calling this summer “the golden summer of cheap flights.”

“Typically, at this point, you’d be hard-pressed to find something over to Europe in the $400s, round-trip, from major cities in the US … We’re still seeing that, which is really incredible,” says Nastro.

She cited a deal spotted on May 28 showing mid-July round-trip airfare from New York to Dublin for $392 on Aer Lingus, and select July and August dates for round-trip airfare from Los Angeles to Paris for $579 on French Bee.

Travel experts are seeing deals on flights to Dublin, Ireland, home to Saint Patrick's Park.

On May 29, round-trip domestic airfare deals spotted by Going included Miami to Las Vegas in August for $175; Cincinnati to Charleston for $78 (June-August availability); and New York City to Nashville for $127 (July and August availability).

This summer is unique, Nastro says, because there’s still “abundance and availability” for flights to destinations in Europe, as well as Canada and Mexico, and Latin American destinations such as Brazil and Peru.

According to aviation analytics firm Cirium, data collected from third-party sources (primarily online travel agencies) indicates bookings from major US cities to major European cities made between the end of January and mid-May are down by about 10% for travel this June, July and August.

Bookings made in the opposite direction, from the Europe to the US, are down 12%.

The drop in international arrivals into the US appears to be having a bigger impact more broadly for airfares on European carriers than US carriers, Nastro says.

She suggests looking for deals on airlines such as Aer Lingus, SAS, Lufthansa, Norse Atlantic Airways and Icelandair.

“That doesn’t mean that you can’t find something on Delta, United, etcetera. (But) what we’ve noticed is more so the deals are coming from these European carriers,” she says.

There's “abundance and availability” of flights this season to Latin American destinations such as Brazil, where Rio de Janeiro dazzles visitors.

For the best deals to Europe this summer, staying flexible is the key to success, says Hayley Berg, lead economist at the travel platform Hopper.

Berg says airfare to Europe from major US hubs this summer is comparable to what it was during the summer of 2019, which was one of the cheapest summers in recent memory for travel to Europe thanks to low fuel prices, competition and the entry of new lower-cost airlines.

Hopper’s 2025 International Travel Guide reports airfare from the US to Europe is averaging $817 per ticket this summer — down 10% from last summer’s prices, despite the fact that, overall, more international flights are scheduled to depart from US airports to global international destinations this summer than in 2024.

Consumers who can stay flexible about where they fly and when they go to Europe can expect to get the best deals, Berg says. That means traveling on weekdays and taking the deal-seeking approach.

Tourists walk in front of Castel Sant'Angelo in Rome. The high volume of flights to Italy's capital means there are deals to be had for flexible travelers.

“Where I most frequently see low prices are Dublin, Stockholm, Copenhagen. And then … depending on when in the summer you go, the trifecta of London, Paris and Rome,” Berg says. “Just because there’s so much volume that flies into those (three) destinations, you are likely to find a deal if you kind of do your homework.”

When it comes to the best travel dates for cheaper fares to Europe, the last two weeks of August is the sweet spot for savings, she says.

“The average airfare is $300 cheaper if you travel in the last two weeks of August versus the peak in June and July,” she says.

As an added bonus, once you’re there, you can also expect fewer crowds, cheaper accommodations and shorter lines at major European attractions like the Vatican at that time of year, Berg says.

Domestic airfare within the US is down about 3% for bookings this summer over last summer, she adds, in particular to big US city hubs like New York City, Las Vegas, Atlanta, Dallas and Los Angeles.

But travelers who shop around and aren’t locked into specific dates can find significantly more savings.

“If you use some of our advice around being flexible, you can shave a couple hundred dollars off of a domestic trip for a family of four, or even a couple,” Berg says.

Jack Ezon, founder of EMBARK Beyond travel agency, says Europe’s summer of savings goes beyond airfare. He points to Greece, in particular, as being full of relative summer bargains right now.

“Mykonos, Santorini, there’s opportunity on the mainland, pretty much everywhere. We’re seeing guaranteed room upgrades and lots of great programs at hotels trying to promote it,” he says.

While this summer’s surprise season of cheaper airfares might make it tempting to roll the dice and wait before booking anything, dragging your feet too much longer into June isn’t likely to pay off if you’re looking to score a deal, says Nastro.

People who were hesitant to book anything because of uncertainties surrounding travel and the markets are likely to start making plans sooner rather than later, she says. As a result, airfares are expected to go up.

“I don’t want people to get in the thinking that, ‘Oh, I could just book something for July 4th at the end of June, and I should be safe,’” she says. “Our age-old wisdom, and just knowing what we know about airfare, that’s not going to be the case — even in this unique summer that we are in.”

Frequent travelers and credit card holders sitting on a pile of loyalty points and miles should tap them for unexpected summer deals, says Tiffany Funk, co-founder of award flight search tool, point.me.

“How award seats work is they are distressed inventory,” she says. “For the most part, these are seats that airlines have acknowledged they’re probably not going to sell. Those are the ones that they really let their loyalty programs leverage.”

And while there’s not exactly a “glut of award seats” available this summer, Funk says there are more options for redeeming awards now compared to last summer.

Passengers line up at Hartsfield-Jackson Atlanta International Airport. Uncertainties have made last-minute airfare deals more abundant this summer, experts say.

Being open — to award options that pop up last-minute and to flying in the back of the plane — is one way to score a deal.

“For people who, like myself, have not put together their summer travel plans yet and are able to be opportunistic, that’s always a good way to use your points,” says Funk, adding that the best awards pricing point.me has seen for travel this summer has been in economy class.

“Prior to 2021, pretty reliably, airlines did not really sell a lot of their premium cabin seats. Now they sell the majority of them,” she says, leading to more award inventory available in economy class.

Recent one-way economy class award airfares booked on point.me include New York to Paris in August on Virgin Atlantic for 9,600 miles plus $75 per person and Phoenix to London in August on American Airlines for 15,000 miles plus $6 per person.

Points also have the advantage of being much more flexible than cash when it comes to changes and cancellations, says Funk — something travelers might particularly appreciate in more uncertain times.

“So if you see something, book it. You can always change it later. For most of these programs, there’s not a fee to do that,” Funk says.

The time to strike is now.

“I think we’ve all been holding our breath, but really, what the population is showing us is they want to go on vacation and they’re willing to pay for it. And if there are great deals, they’re going to find them so that they can get more for that budget.”

Terry Ward is a Florida-based travel writer and freelance journalist in Tampa who is guilty of hoarding her Star Alliance miles.



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Two dead and 500 arrested in France during PSG win celebrations

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Reuters
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More than 500 people were arrested by police during the Champions League final celebrations in France, and two people were reported dead and 192 injured, the interior ministry said on Sunday.

Wild celebrations erupted across the French capital and beyond on Saturday night after Paris Saint-Germain crushed Italian opponents Inter Milan to win the Champions League for the first time, although skirmishes with police later threatened to spoil the party.

The interior ministry’s provisional assessment as of Sunday morning was that 559 people had been arrested, including 491 in Paris, which led to 320 people being placed in police custody, 254 of them in Paris.

On the Champs-Élysées, bus shelters were smashed and projectiles hurled at riot police, who fired tear gas and water cannon to push back surging crowds as thousands of supporters descended on the boutique-lined boulevard.

The interior ministry on Sunday reported hundreds of fires, including more than 200 vehicles burned. Some 22 members of the security forces and seven firefighters were harmed.



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Luis Enrique: How a banner honoring PSG manager’s daughter put Champions League final into perspective

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Allianz Arena, Munich
CNN
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Arguably the most memorable moment of Saturday’s Champions League final had nothing to do with soccer at all.

That’s not to say the action on the pitch didn’t live up to expectation, because it did. Paris Saint-Germain made history with a record-breaking 5-0 win over Inter Milan, claiming the club’s very first European Cup.

There were great moments and magical performances, notably from teenager Désiré Doué, who introduced himself to the world with two goals and one assist on the grandest stage of all.

But all of that paled into insignificance when the PSG fans unfurled a banner behind the goal, as the players and staff celebrated with the trophy in front of them.

The image on the banner was one that sent goosebumps around Munich’s Allianz Arena and undoubtedly made millions of viewers around the world pause for a moment.

The picture on the banner was of PSG manager Luis Enrique and his daughter Xana, who died when she was just nine years old in 2019.

The scene depicted was one from 2015, after Enrique had just won the Champions League as the manager of Barcelona.

Enrique celebrates with his daughter Xana after winning the Champions League with Barcelona in 2015.

Together the pair had celebrated by planting a Barcelona flag in the middle of the pitch, a moment and an image that has taken on extra significance since Xana’s death six years ago.

Earlier this year, with the final still a long way away, Enrique told reporters that he one day wanted to recreate that moment after winning the Champions League trophy in honor of his daughter.

In the end, he didn’t need to; his fans did it for him.

“It was very emotional,” a very composed Enrique told reporters after Saturday’s win.

“It was beautiful to think that the supporters had thought about me and my family.”

At the full-time whistle, all that emotion was clear to see on Enrique’s face.

He almost stumbled onto the pitch with a beaming smile, seemingly overcome with the emotion of winning the Champions League trophy for a second time.

During the celebrations, Enrique also put on a black T-shirt with the image of him and his daughter, a sobering moment that put everything into perspective.

His other daughter, Sira Martínez, also posted photos on her Instagram Story of fans wearing PSG shirts with Xana’s name on the back.

The family tragedy six years ago happened when Enrique was manager of Spain. In June 2019, he stepped away from the role to spend more time with his family. In August that year, he announced that Xana had died.

But speaking to reporters after the game, Enrique said he didn’t need a soccer match, or a trophy, to make him think of his daughter.

“My daughter is always with me. She’s here, she’s supporting our family and I feel her presence even when we lose,” he added.

“It’s just about grouping everything we went through together and really taking the positives out of a negative situation.

“That’s our mindset, that’s my mentality, it’s my family’s mentality and I was delighted, but I don’t need a trophy to think about my daughter. She’s always here with me.”

Regardless of his personal situation, what Enrique has done to this PSG side has been nothing short of astonishing.

When he took over last season, the club was still bloated, left dealing with the consequences from the club’s previous tactic of spending money on superstar players it probably didn’t need.

And then he was dealt another blow, when striker Kylian Mbappé finally left the club to join Real Madrid for the start of this season.

In many ways, though, those hardships turned out to be a blessing in disguise. Instead of managing personalities and transfer sagas, Enrique was allowed to focus purely on the pitch.

It allowed him to develop a young team, and establish a unity that was tested several times during this Champions League campaign.

PSG players celebrate with the trophy after winning the club's first Champions League title.

Time and time again, the players responded to whatever he asked, and the deep respect they have for their manager was clear to see after the club made history on Saturday.

“Luis Enrique is the man who changed all of PSG, he made it so this team looks at football another way,” PSG star Achraf Hakimi told Spanish TV after the game.

“He’s a loyal human, after everything that’s happened to him. One of the few left in this world. He deserves it more than anyone.”

It was a similar message from Saturday’s player of the match, Doué, who praised his manager for connecting on a more human level.

“He’s been here for two years and he has made history for the club,” the 19-year-old said, per Reuters.

“Tactically and mentally, he is a really good coach, unbelievable, and as a human being too. It is a pleasure to work with him. I don’t know how we’ll celebrate but it’s going to be crazy.”

So in a few years’ time, when we all look back of this year’s Champions League final, it will likely be the image of Enrique and his daughter that is remembered most.



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