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United States President Donald Trump has doubled down on his tariffs plan, even as markets crash around the world. However, signs of divisions among Trump’s aides are emerging with key ally Elon Musk publicly clashing with trade adviser Peter Navarro on Saturday. Others have also presented diverging narratives. Here is more about what has happened:…
NewsFeed US President Donald Trump has defended the sweeping global tariffs that have caused stock markets around the world to plummet, describing his levies as ‘medicine’ to fix US trade deficits with other nations. Published On 7 Apr 20257 Apr 2025 Source link
The tariffs have been widely criticised around the world for threatening to push the global economy into a recession. More than 50 countries have directly contacted the White House to initiate trade talks following US President Donald Trump’s imposition of wide-ranging punitive tariffs, administration officials have said. The tariffs, which caused a nearly $6 trillion…
Two days after sending the economy reeling by announcing widespread tariffs, United States President Donald Trump headed to play golf at Mar-a-Lago, his private club in Palm Beach, Florida, even as the sell-off for financial markets worldwide is slamming into a higher, scarier gear. Before heading to his private golf course, Trump wrote on social…
In justifying his latest tariffs announcement, President Donald Trump complains of unfair trade deficits, saying the US has been “looted, pillaged, raped, plundered” by other countries for decades. He has accused China of “bleeding us dry” through unbalanced deals, called Canada’s tariffs on US dairy “a total disgrace”, and even pointed to Cambodia as a…
On March 4, the US-Mexico border was at a standstill. The trucks that Thor Salayandia was planning to send across a checkpoint to the United States sat in the lot. The only thing moving was the confusion in the air. Salayandia owns and operates a factory in Juarez, Mexico that makes auto parts and ships…
Officials, including California’s attorney general, question what will happen to the data collected by the firm. Genetic testing firm 23andMe has filed for Chapter 11 bankruptcy protection in the United States amid weak demand and losses from a 2023 data breach. Its co-founder and CEO has resigned. San Francisco-based 23andMe announced on Sunday that it…
Hours before Indian Prime Minister Narendra Modi’s visit to the White House, President Donald Trump announced that the United States would levy reciprocal tariffs on its trading partners. It could hardly have come at a tougher time for India, which is already pressed by a slowing economy and sluggish demand. At a joint news conference,…
Musk’s bid could ratchet up longstanding tensions with OpenAI CEO Sam Altman over the future of the startup. A consortium led by Elon Musk said it has offered $97.4bn to buy the nonprofit that controls OpenAI, months after the billionaire sued the artificial intelligence startup to block it from transitioning to a for-profit firm. Musk’s…
United States President Donald Trump has signed an executive order for the creation of a sovereign wealth fund within the next year, saying it could potentially buy the short video app TikTok. Trump offered on Monday little in the way of detail, and it was unclear how such a wealth fund would work. Typically such…
