Donald Trump

Trump admin weighs order requiring banks to collect citizenship data

While there are no rules against non-citizens opening bank accounts in US, a requirement to produce a passport or similar documentation could provide a new barrier for those in the country illegally

Trump admin sues New Jersey over restrictions on immigration arrests

The Trump administration is suing New Jersey over a state order that prohibits federal immigration agents from making arrests in nonpublic areas of state property, such as correctional facilities and courthouses. The Justice Department lawsuit, filed Monday in federal court in Trenton, challenges Gov Mikie Sherrill's February 11 executive order, which also bars the use of state property as a staging or processing area for immigration enforcement. Sherrill, a Democrat who took office January 20, "insists on harbouring criminal offenders from federal law enforcement," the lawsuit said, accusing her of attempting to obstruct federal law enforcement and thwart President Donald Trump's immigration crackdown. Sherrill's executive order "poses an intolerable obstacle" to immigration enforcement and "directly regulates and discriminates" against the federal government, said the lawsuit, which misspelled her name as "Sherill." Asked about the lawsuit Tuesday, Sherrill said: "What I think th

US imposes new 10% global tariff starting Tues after Supreme Court verdict

It remains unclear whether and how companies will be refunded for tariff payments made under the regime annulled by the Supreme Court

Trump eyes new trade probes to revive tariffs after court setback

The administration announced that a 10 per cent levy would be imposed beginning Tuesday morning, which Trump subsequently threatened to increase to 15 per cent

US small business is disma despite GDP growth under Trump administration

Rising bankruptcies and weak job growth signal mounting pressure on small firms

Most Americans see Trump as erratic with age, Reuters/Ipsos poll finds

The six-day poll concluded on Monday, the day before the 79-year-old president gives his annual State of the Union address to Congress following a month of angry reprimands of lawmakers and judges

Trump's judicial battles, global fallout: Tariff verdict sparks uncertainty

The US Supreme Court decision on tariffs could mark the start of a new era of uncertainty

Uniform 15% tariff would benefit some Asia-Pacific economies: Moody's

A uniform 15 per cent tariff, announced by US President Donald Trump, would benefit some Asia-Pacific economies that have faced much steeper country-specific levies, including China and much of Southeast Asia, Moody's Analytics said on Tuesday. But it will have a small impact on countries such as Japan, South Korea, and Taiwan (China), where the base rate is already 15 per cent, it said in a statement. "There is a lot of uncertainty, but we do know a few things. A uniform 15 per cent tariff would benefit some Asia-Pacific economies that have faced much steeper country-specific levies," it said. The US Supreme Court last week ruled against the Trump administration's country-specific tariffs after which Trump imposed 10 per cent tariffs on all countries for 150 days. He has also announced to increase it to 15 per cent. However, no order or proclamation has been issued so far in this regard. "The court ruling also raises questions about the recent trade deals made with India and ...

Trump's 10% global levy takes effect as US moves to rebuild tariff wall

Trump is applying the 10 per cent baseline levy under Section 122 of the 1974 Trade Act, which allows the president to impose the charge for 150 days without congressional approval

EU hits pause on US trade deal after Trump announces 15% global tariff

Frustrated European officials pushed Monday for clarification on how US President Donald Trump's declaration of a 15 per cent global tax on imports would affect the trade deal they struck with Trump this summer as EU legislators hit pause on the deal's ratification until they get clarity. The European Parliament's trade committee postponed a committee vote on ratification after Trump said he would impose the new tariff, after the US Supreme Court struck down his use of an emergency powers law to set new import taxes. Trump then turned to another section of trade law to justify his imposition of the 15 per cent global rate, which take effect Tuesday. The EU position is expressed in five words: "A deal is a deal," said commission spokesman Olof Gill. "So now we are simply saying to the US, it is up to you to clearly show to us what path you are taking to honor the agreement." The US-EU deal called for a 15 per cent cap on tariffs on most European goods imports, while tariffs on US ...

Wall Street stocks drop as Trump ramps up tariffs, AI fears mount

US stocks are falling Monday after President Donald Trump took little time to ramp up his newest tariffs, and as investors continue to punish companies that could be losers in the artificial-intelligence revolution. The S&P 500 sank 0.8 per cent after Trump said on Saturday that he would place temporary 15 per cent tariffs on other countries. That's up from the 10 per cent rate he had announced Friday in response to a Supreme Court ruling that struck down his sweeping "reciprocal" taxes on imports from around the world. The Dow Jones Industrial Average was down 659 points, or 1.3 per cent, as of 1:25 pm. Eastern time, and the Nasdaq composite was 0.9 per cent lower. Trump's quick shift toward more aggressive tariffs shows how much uncertainty still hangs over the global economy, even after the Supreme Court said the president lacked the legal authority to institute his sweeping "reciprocal" tariffs. Beyond a 15 per cent tariff that could last for up to 150 days, unless Congress ...

US sheds light on its allegation of Chinese nuclear test, fear of arms race

A US official focusing on arms control on Monday provided what he called new, declassified details of a Chinese underground nuclear test nearly six years ago and urged countries to press China and Russia to do more on nuclear disarmament. Christopher Yeaw, assistant secretary of state for the bureau of arms control and nonproliferation, spoke to a UN-backed body after the last nuclear arms pact between the United States and Russia expired this month. That has ended limits on the arsenals of the world's biggest nuclear powers and raised concerns about a possible new arms race. Yeaw called for greater transparency from China and pointed to some shortcomings of the New START treaty, such as that it didn't address Russia's large arsenal of nonstrategic nuclear weapons - which counts up to 2,000 warheads. "But perhaps its greatest flaw was that New START did not account for the unprecedented, deliberate, rapid and opaque nuclear weapons buildup by China," he told the UN-backed Conference

EU pauses work on US trade deal as Trump's tariffs stir uncertainty

Trump moved rapidly over the weekend to replace those levies. But he has now applied a 15 percent tariff on nations around the world

Countries 'playing games' on trade deals will face more tariffs: Trump

Trump, in a series of social media posts, said he also may impose license fees on trading partners as uncertainty over his next tariff moves gripped the global economy and sent stocks lower

Trump tariffs derailed: What it means for stocks, trade, gold and dollar

A major US Supreme Court ruling has struck down Donald Trump’s sweeping reciprocal tariffs, but a new 15% global tariff has already replaced them.

Donald Trump raises global tariffs to 15%: What Sections 122, 232, 301 mean

US President Donald Trump has raised the global baseline tariff to 15 per cent after a court setback, using older trade laws. Here's what Sections 122, 232 and 301 mean and how they allow tariffs

EU diplomats to meet 'Board of Peace' director over Gaza's future

The European Union's top diplomats are set to meet Monday with the director of the Board of Peace in Brussels after a shaky and controversial embrace of U.S. President Donald Trump's efforts to secure and rebuild the war-ravaged Gaza Strip. Nikolay Mladenov, a former Bulgarian politician and U.N. diplomat chosen by Trump to manage the Board of Peace, will meet the EU's foreign policy chief Kaja Kallas and foreign ministers from across the 27-nation bloc. The EU diplomats are also expected to discuss the war in Ukraine and fresh sanctions on Russia. Just across the Mediterranean Sea from the Middle East, the EU has deep links to Israel and the Palestinians. It now plays a crucial oversight role at the Rafah border crossing, and is the top donor to the Palestinian Authority. The question of whether to work with the Trump-led board has split national capitals from Nicosia to Copenhagen. The EU is supportive of the United Nations' mandate in Gaza. EU members Hungary and Bulgaria are fu

Trump considers targeted strike against Iran, followed by larger attack

The top negotiators plan to meet in Geneva on Thursday for last-ditch talks, debating a new proposal that could create an off-ramp as two carrier groups massed within striking distance of Iran

A 6-3 reminder to Donald Trump that trade power flows from the Congress

The US Supreme Court curbs Donald Trump's tariff powers, reaffirming congressional authority and showing how institutional checks can still restrain populist executives

India, China among winners after US Supreme Court blocks Trump tariffs

China, India and Brazil are among those now seeing lower tariff rates after SC ruled that Trump's use of the International Emergency Economic Powers Act to impose duties was illegal