Washington, DC – United States President Donald Trump has signed his signature tax and spending bill, capping a months-long push to codify his top policy priorities into law. The sweeping bill has prompted controversy among both Democrats and members of Trump’s own Republican Party for its deep cuts to social safety programmes and the hefty sum…
Billionaire entrepreneur Elon Musk has weighed in publicly for the first time since the passage of President Donald Trump’s signature piece of budget legislation, commonly known as the “One Big Beautiful Bill“. On Friday, Musk took to his social media platform X to once again float the possibility of a third party to rival the…
The US president has repeatedly called on the top central banker to step down amid disagreement over interest rates. United States President Donald Trump has repeated his call for Federal Reserve Chair Jerome Powell to step down, the latest in a series of attacks that have raised concern about the independence of the US central…
The United States will place a lower-than-promised 20 percent tariff on many Vietnamese exports, President Donald Trump has said, cooling tensions with its 10th-biggest trading partner days before he could raise levies on most imports. Vietnamese goods will now face a 20 percent tariff, and any transshipments from third countries through Vietnam will face a…
Talks lay groundwork for a summit between EU and Chinese leaders in Beijing on July 24 and 25. The European Union’s foreign policy chief has urged China to end restrictions on the export of rare earth elements and warned that Chinese firms’ support for Russia’s war in Ukraine posed a serious threat to European security….
Other carmakers including Volvo and Rivian reported a drop in sales on Wednesday. Tesla has reported another hefty drop in auto sales extending a difficult period amid intensifying electric vehicle competition and backlash over CEO Elon Musk’s political activities. On Wednesday, the electric vehicle (EV) maker reported 384,122 deliveries in the second quarter, representing a…
The world’s richest man and the US president have traded insults over Donald Trump’s tax cuts and spending bill. Tech billionaire Elon Musk has stepped up his criticism of United States President Donald Trump’s tax cuts and spending bill and renewed his call for a new political party. Musk’s criticism of Trump’s 940-page “Big, Beautiful…
As Canada pushes ahead with a new digital services tax on foreign and domestic technology companies, United States President Donald Trump has retaliated by ending all trade talks and threatened to impose additional tariffs on exports from Ottawa. In a post on his Truth Social platform on Friday, Trump called the new Canadian tax structure…
Nike has said it will cut its reliance on production in China for the United States market to mitigate the impact from US tariffs on imports, and forecast a smaller-than-expected drop in first-quarter revenue. The sportswear giant’s shares zoomed 15 percent at the opening bell on Friday morning after it announced the change in conjunction…
The United States has reached an agreement with China on accelerating shipments of rare earth minerals to the US, amid efforts to end a trade war between the world’s two biggest economies. US President Donald Trump said on Thursday that the US had signed a deal with China the previous day, without providing more details,…