President Donald Trump

The uncertainty felt by stakeholders within the European bloodstock industry appears likely to persist into the summer after US President Donald Trump announced a 15% "global tariff" which will be in place for around five months. Trump's "reciprocal tariffs", imposed on most of the rest of the world last April under an emergency powers law, were overturned by the US Supreme Court on Friday in a major blow to the President's economic agenda. Speaking at the White House on Friday, Trump initially said that the Supreme Court decision affirmed his...

After watching a bill she filed last July to restore a gambler's right to deduct 100% of losses from gambling winnings languish without consideration in the House Ways and Means Committee, U.S. Rep. Dina Titus of Nevada on Thursday initiated a discharge petition in an attempt to bypass committee action and force it to a vote before the full Congress. "My FAIR BET Act has been sitting in @WaysMeansCmte for eight months, despite commitments from @HouseGOP to restore the full gambling loss deduction," Titus wrote Feb. 12 in a posting...

An immigration raid at Delta Downs racetrack Tuesday morning resulted in the apprehension of 84 undocumented individuals, according to U.S. Immigration and Customs Enforcement (ICE). The surprise morning raid at Delta Downs—currently in the middle of a Quarter Horse meet—involved multiple law enforcement agencies including ICE, the U.S. Border Patrol, the Louisiana State Police, the Bureau of Alcohol, Tobacco, Firearms and Explosives, and the FBI. Those undocumented individuals taken into custody, said ICE, were processed for administrative immigration violations before being taken to the Lake Charles Border Patrol Station in...

Churchill Downs Incorporated (CDI) has decided to pause the multi-year projects to develop The Skye, Conservatory and Infield areas "due to the increasing uncertainty surrounding construction costs related to the Trump tariffs and trade disputes as well as current macro-economic conditions," the company said in a press release on Wednesday afternoon. During their first quarter earnings call after the market closed, CDI said in the coming months it will assess the evolving economic landscape and evaluate any changes to the timing and sequencing of these multi-year projects. Chief Executive Officer...

by Bill Finley and Dan Ross Throughout his campaign, President Donald Trump vowed to crack down on illegal immigrants, a promise he has kept during the first few weeks of his new administration. That has created much uncertainly on the backstretches of the nation's racetracks and at the horse farms spread across the country, both of which rely heavily on foreign labor. Should the U.S. Immigration and Customs Enforcement (ICE) set its sights on racing and start deporting backstretch employees that would mean a major crisis for a sport. A former...