United States President Donald Trump is set to impose 25 percent tariffs on two key US allies, Japan and South Korea, beginning on August 1 as the administration’s self-imposed deadline for trade agreements of July 9 nears without a deal in place. On Monday, the Trump administration said this in the first of 12 letters…
Brazilian President Lula responded to Trump’s tariff threats by saying the world does not ‘want an emperor’ who lashes out over the internet. United States President Donald Trump has threatened to hike tariffs against the BRICS economic bloc after the group offered indirect criticism of trade wars and the recent military attacks in Iran. On Monday,…
Leaders expected to decry US President Donald Trump’s trade tariffs while presenting the bloc as a defender of multilateralism. Leaders of the growing BRICS group are gathering in Brazil for a summit overshadowed by United States President Donald Trump’s new tariff policies while presenting the bloc as a defender of multilateralism. The leaders, mainly from…
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…