Page 140 - Donald Trump

Trump rebukes Goldman Sachs' economics research on tariff impact

Trump did not specify which Goldman report he was referring to, but Goldman has taken a bearish position on Trump's tariffs. The Wall Street investment bank declined to comment on the matter

Trump says he may allow lawsuit against Fed chief Powell over renovations

Trump in a social media post on Tuesday resumed his criticism of the Fed chair over the central bank's decision to hold interest rates steady and again hammered Powell over the renovation work

Trump selects economist EJ Antoni to head Bureau of Labor Statistics

President Donald Trump has said that he has nominated E.J. Antoni, chief economist at the conservative Heritage Foundation, to head the agency that compiles and publishes the nation's employment and inflation figures. Our Economy is booming, and E.J. will ensure that the Numbers released are HONEST and ACCURATE, Trump said on social media late Monday. Antoni, if approved by the Senate, would replace Erika McEntarfer, who was appointed commissioner of the Bureau of Labor Statistics by former President Joe Biden. Trump fired McEntarfer Aug. 1 after the July jobs report showed hiring slowed sharply this spring, with job gains in May and June revised much lower than initially estimated. Trump accused McEntarfer, without evidence, of rigging the jobs data for political reasons. The announcement comes one day before the BLS is scheduled to release the latest inflation data, for July. It is forecast to show that consumer prices rose for the third straight month as tariffs are pushing up t

Trump extends tariff truce with China for 90 days before deadline ends

Trump paused China tariffs for 90 days, hours before the deadline was set to expire. If the deadline had expired, the US could have increased taxes on Chinese imports back to where they stood in April

EU appeals to Trump to defend Europe's interests at war summit with Putin

European Union leaders appealed on Tuesday to US President Donald Trump to defend their security interests at a key summit with his Russian counterpart Vladimir Putin later this week over the war in Ukraine. The Europeans are desperate to exert some influence over a Friday meeting that they have been sidelined from. It remains unclear whether even Ukraine will take part. Trump has said that he wants to see whether Putin is serious about ending the war, now in its fourth year. But Trump has disappointed US allies in Europe by saying that Ukraine will have to give up some Russian-held territory. He also said that Russia must accept land swaps, although it remains unclear what Putin might be expected to surrender. The Europeans and Ukraine are wary that Putin, who has waged the biggest land war in Europe since 1945 and used Russia's energy might to try to cow the EU, might secure favourable concessions and set the outlines of a peace deal without them. In a statement early on Tuesday,

Trump's DC police takeover echoes historic racist urban crime narratives

President Donald Trump has taken control of the District of Columbia's law enforcement and ordered National Guard troops to deploy onto the streets of the nation's capital, arguing the extraordinary moves are in response to an urgent public safety crisis. Even as district officials questioned the claims underlying his emergency declaration, the president promised a "historic action to rescue our nation's capital from crime, bloodshed, bedlam and squalor and worse." His rhetoric echoed that used by conservative politicians going back decades who have denounced American cities, especially those with majority non-white populations or led by progressive politicians, as lawless or crime-ridden and in need of outside intervention. This is liberation day in D.C., and we're going to take our capital back, Trump promised Monday. Trump's action echoes uncomfortable historical chapters But for many residents, the prospect of federal troops surging into the district's neighbourhoods represent

Trump says he'll quickly know if Putin seeks Ukraine peace deal in talks

President Donald Trump said Monday that he expected to determine mere moments into his meeting with Russian leader Vladimir Putin this week whether it would be possible to work out a deal to halt the war in Ukraine. At the end of that meeting, probably the first two minutes, I'll know exactly whether or not a deal can be made, Trump said at a White House press conference that he called to announce plans for a federal takeover of Washington's police force to help combat crime. He said he thought Friday's sitdown with Putin in Alaska would be "really a feel-out meeting". Trump added that it'll be good, but it might be bad and predicted he may say, "lots of luck, keep fighting. Or I may say, we can make a deal. Putin wants to lock in Russia's gains since invading Ukraine in February 2022 as Trump presses for a ceasefire that has remained out of reach. Trump's eagerness to reach a deal has raised fears in Ukraine and Europe about such an agreement favouring Russia, without sufficient .

Trump meets Intel CEO Lip-Bu Tan days after calling for his resignation

US President Donald Trump meets Intel CEO Lip-Bu Tan days after calling for his resignation over alleged China links amid US chip industry scrutiny

Trump's tax law squeezes poor, boosts income for wealthy, says CBO

Earners in the middle of the distribution will see their annual resources grow by about $800 to $1,200 on average, according to the analysis

South Korean President Lee to meet Trump in Washington on August 25

South Korea's new President Lee Jae Myung will travel to Washington later this month to meet with US President Donald Trump, Lee's office said Tuesday, for talks on trade and defence cooperation in the face of nuclear-armed North Korea and other threats. Their August 25 summit will follow a July trade deal in which Washington agreed to cut its reciprocal tariff on South Korea to 15 per cent from the initially proposed 25 per cent and to apply the same reduced rate to South Korean cars, the country's top export to the United States. South Korea also agreed to purchase USD 100 billion in US energy and invest USD 350 billion in the country, and the leaders could use their meeting to discuss expanding cooperation in key industries such as semiconductors, batteries and shipbuilding, Lee's spokesperson Kang Yu-jung said. The meeting also comes amid concerns in Seoul that the Trump administration could shake up the decades-old alliance by demanding higher payments for the US troop presence

Trump takes control of DC Police, deploys National Guard in historic move

In a first since DC's 1973 Home Rule Act, Trump invokes emergency powers to federalise policing and send troops into the capital's streets

US tariffs on Indian oil imports from Russia a 'big blow' to Moscow: Trump

President Donald Trump on Monday said American tariffs imposed on India for purchasing Russian oil have dealt a "big blow" to Moscow's economy, which is not doing well, as he referred to New Delhi as Russia's "largest or second largest oil buyer". Addressing a press conference at the White House, Trump claimed that Russia's economy has been severely disrupted by the ongoing global pressures due to the imposition of US tariffs on several countries. "I think Russia has to get back into building their country. It's a massive country... They have tremendous potential in Russia to do well. They're not doing well. Their economy is not doing well right now because it's been very well disturbed by this," he said. "Doesn't help when the President of the United States tells their largest or second-largest oil buyer that we're putting a 50% tariff on you if you buy oil from Russia. That was a big blow," Trump said, in an apparent reference to India. Trump has imposed 25 per cent reciprocal ..

Trump urges China to quadruple soybean buys amid tariff truce talks

In a late night post on Truth Social, Trump said China was worried about a shortage of soybeans and he hoped it would quickly quadruple its soybean orders from the US

Trump says 'we'll see what happens' on August 12 deadline for China tariffs

US Treasury Secretary Scott Bessent has said that Washington has the makings of a deal with China and he was "optimistic" about the path forward

Trump seizes control of Washington DC police, deploys National Guard

President Donald Trump is promising new steps to tackle homelessness and crime in Washington, prompting the city's mayor to voice concerns about the potential use of the National Guard to patrol the streets in the nation's capital. Trump wrote in a social media post that he planned a White House news conference at 10 am Monday to discuss his plans to make the District of Columbia safer and more beautiful than it ever was before. The Homeless have to move out, IMMEDIATELY, Trump wrote Sunday. We will give you places to stay, but FAR from the Capital. The Criminals, you don't have to move out. We're going to put you in jail where you belong. Last week the Republican president directed federal law enforcement agencies to increase their presence in Washington for seven days, with the option to extend as needed. On Friday night, federal agencies including the Secret Service, the FBI and the US Marshals Service assigned more than 120 officers and agents to assist in Washington. Trump sa

Nvidia, AMD to pay 15% of China chip sale revenue to US, says report

The deal to pay the US government from sales in China is unusual for a president, and marks Trump's latest intervention in corporate decision-making

$3,200 and rice for Vietnam farmers displaced for $1.5 bn Trump golf club

The project is the first partnership for the family business of U.S. President Donald Trump in Vietnam, which fast-tracked approvals as it negotiated a crucial trade deal with Washington

Trump yet to decide on tariffs over China's Russian oil purchase: Vance

US President Donald Trump has not yet decided on imposing levies on China for purchasing oil from Russia, as Washington's ties with Beijing affect many things that have nothing to do with the Russian situation", Vice President J D Vance has said. Well, the President said he's thinking about it, but he hasn't made any firm decisions," Vance told Fox News Sunday. He was responding to a question about Trump imposing significant tariffs on countries like India for buying Russian oil and whether Washington will impose similar levies on China since Beijing also buys Russian oil. "Obviously the China issue is a little bit more complicated because our relationship with China, it affects a lot of other things that have nothing to do with the Russian situation," Vance said. He added that Trump is "reviewing his options, and of course, going to make that decision when he decides. The US had initially imposed 25 per cent reciprocal tariffs on India and Trump last week slapped another 25 per c

Nvidia, AMD to share 15% of China AI chip sales with US under Trump deal

Shortly after Nvidia CEO met Trump and agreed to a 15% cut, the US Commerce Department began issuing licences for AI chip sales to China

Trump tariff impact: No need to be alarmed, this difficult phase will pass

The exporters of steel will be affected, but they have the financial strength to manage the setback. Trump has so far exempted tariffs on pharmaceuticals, electronics, and petroleum products