Page 94 - Donald Trump Administration

Trump pledges to block purchase of US steel by Japanese steel making firm

President-elect Donald Trump is underscoring his intention to block the purchase of US Steel by Japanese steelmaker Nippon Steel Corp, and he's pledging to use tax incentives and tariffs to strengthen the iconic American steelmaker. Trump had vowed early in the presidential campaign that he would instantaneously block the deal, and he reiterated that sentiment in a post on his Truth Social platform on Monday night. I am totally against the once great and powerful US Steel being bought by a foreign company and will use tax incentives and tariffs to make US Steel Strong and Great Again, and it will happen FAST! he wrote. As President," he continued, "I will block this deal from happening. Buyer Beware!!! President Joe Biden, like Trump, also opposes Nippon Steel's purchase of Pittsburgh-based US Steel. Biden's White House in September said that it had yet to see a report from the secretive Committee on Foreign Investment in the United States, which was reviewing the transaction for .

Trump's win forces party to reassess how it reaches voters: DNC's chairman

As he concludes his time as chairman of the Democratic National Committee, Jaime Harrison is downplaying his party's November loss to President-elect Donald Trump and arguing Democrats avoided even greater losses that parties in power have faced around the world. But he acknowledged that Democrats must do a better job of selling the party's priorities and accomplishments for the working class. He also called for continued nationwide investments in party infrastructure and better use of non-legacy media. I can't tell you how disappointed I am that Kamala Harris is not going to be the next president of the United States, Harrison said in an interview Monday. But the political pendulum in this country has been swinging swiftly, back and forth, he added, and we got to buckle up and get ready for it to continue. Harrison made similar arguments in a memo being distributed Tuesday to Democratic Party leaders and donors around the country. Although Democrats did not achieve what we set out

Donald Trump reiterates opposition to Nippon Steel's takeover of US Steel

Japanese PM Shigeru Ishiba wrote to Biden, who has referred the deal to a government panel that reviews foreign investments for national security risks, asking him to approve the transaction

California lawmakers begin special session to protect state laws from Trump

California Governor Gavin Newsom and state lawmakers returned to the state Capitol on Monday to begin a special session to protect the state's progressive policies ahead of another Trump presidency. The Democratic governor, a fierce critic of President-elect Donald Trump, is positioning California to once again be the center of a resistance effort against the conservative agenda. He is asking his Democratic allies in the Legislature, who hold supermajorities in both chambers, to approve additional funding to the attorney general's office to prepare for a robust legal fight against anticipated federal challenges. Democratic Assemblymember Jesse Gabriel on Monday introduced legislation to set aside USD25 million for legal fees to respond to potential attacks by the Trump administration on state policies regarding civil rights, climate change, immigration and abortion access. While we always hope to collaborate with our federal partners, California will be ready to vigorously defend ou

Trump names investment banker Warren Stephens as his envoy to Britain

President-elect Donald Trump has named billionaire investment banker Warren Stephens as his envoy to Britain, a prestigious posting for the Republican donor whose contributions this year included $2 million to a Trump-backing super PAC. Trump, in a post on his Truth Social site Monday evening, announced he was selecting Stephens to be the U.S. ambassador to the Court of Saint James. The Senate is required to confirm the choice. Warren has always dreamed of serving the United States full time. I am thrilled that he will now have that opportunity as the top Diplomat, representing the U.S.A. to one of America's most cherished and beloved Allies, Trump said in in his post. Stephens is the chairman, president and CEO of Little Rock, Arkansas-based financial services firm Stephens Inc., having taken over the firm from his father. Trump has already named many of his nominees for his Cabinet and high-profile diplomatic posts, assembling a roster of staunch loyalists. Over the weekend, Trum

Unclear if US law permits Trump's 100% tariff threat on Brics: Ex-RBI Guv

President-elect Donald Trump's warning that BRICS countries will face 100 per cent tariffs if they choose to move away from the US dollar is unclear to what extent he will carry out his threat, as it remains to be seen if the US law permits such an action, former RBI Governor Duvvuri Subbarao said on Monday. He also said even for BRICS, there are internal differences about bringing out an alternative to the US Dollar. The nine-member group that includes India, Russia, China, and Brazil, moving out of the US currency and having a common one remains a non-starter because of both politics and economics. "Donald Trump has threatened to slap 100 per cent tariffs on imports from countries that try to move out of the dollar. His ire was particularly directed at the BRICS bloc which has been actively talking about developing an alternative to the dollar. Trump is known to bark more than he bites," Subbarao told PTI. BRICS, formed in 2009, is the only major international group of which the

New measures imminent after Trudeau-Trump meeting: Canada's border minister

LeBlanc was one of a handful of Canadian officials who attended the dinner with Trump and Trudeau, where the two leaders discussed a wide range of issues

Kash Patel must prove he'll restore public faith in FBI: GOP senator

Donald Trump's drive to upend the FBI was welcomed by Republican senators although it was not clear on Sunday how strongly members of the incoming majority party would embrace his move to install ally Kash Patel as the next director of the Justice Department's top investigative arm. Patel, a onetime national security prosecutor who is aligned with the president-elect's rhetoric about a deep state, "must prove to Congress he will reform & restore public trust in FBI, said Sen. Chuck Grassley of Iowa, in line to be the Senate Judiciary Committee chairman when Republicans take control in January, in a post on X. Patel lacks the high-level legal and management experience that FBI directors, including Robert Mueller, James Comey and Christopher Wray, who now holds that job, had before their nominations. It's a 10-year term, and Trump named Wray in 2017 after firing Comey. So Trump's announcement late Saturday means Wray must either resign or be fired after Trump takes office on Jan 20,

Trump names daughter's father-in-law Massad Boulos as adviser on Mideast

President-elect Donald Trump on Sunday named Massad Boulos, a Lebanese American businessman who is the father-in-law of Trump's daughter Tiffany, as a senior adviser on Arab and Middle Eastern affairs. Boulos arranged Trump campaign efforts to engage the Arab American community in Michigan, organising dozens of meetings in areas with large Arab American populations angered by Democratic President Joe Biden's backing of Israel's offensives in Gaza and Lebanon. Trump won the majority Arab American city of Dearborn Heights on his way to sweeping Michigan and other swing states. He has been a longtime proponent of Republican and Conservative values, an asset to my Campaign, and was instrumental in building tremendous new coalitions with the Arab American Community, Trump said in a post on Truth Social. Trump and Boulos said the Republican president-elect would bring peace to the Middle East, but neither has publicly offered concrete details on Trump's plans for the region. Boulos has .

Who is Kash Patel, Trump's pick to lead FBI: All you need to know

Kash Patel has called for radical changes at the FBI and was a fierce and vocal critic of the bureau's work as it investigated ties between Russia and Donald Trump's 2016 presidential campaign. Now the steadfast Trump ally has been tapped to lead the federal law enforcement agency he's pushed to overhaul. A look Patel, Trump's pick to replace Christopher Wray atop the FBI. Side-by-side with Trump Patel has for years been a loyal ally to Trump, finding common cause over their shared skepticism of government surveillance and the deep state a pejorative catchall used by Trump to refer to government bureaucracy. He was part of a small group of supporters during Trump's recent criminal trial in New York who accompanied him to the courthouse, where he told reporters that Trump was the victim of an unconstitutional circus. That close bond would break from the modern-day precedent of FBI directors looking to keep presidents at arm's length. Former FBI Director James Comey, who was fire

Trump threatens 100% tariff on Brics nations if they act to weaken dollar

President-elect Donald Trump on Saturday threatened 100 per cent tariffs against a bloc of nine nations if they act to undermine the US dollar. His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates. Turkey, Azerbaijan and Malaysia have applied to become members and several other countries have expressed interest in joining. While the US dollar is by far the most-used currency in global business and has survived past challenges to its preeminence, members of the alliance and other developing nations say they are fed up with America's dominance of the global financial system. The dollar represents roughly 58 per cent of the world's foreign exchange reserves, according to the IMF and major commodities like oil are still primarily bought and sold using dollars. The dollar's dominance is threatened, however, with BRICS' growing share of GDP and the alliance's

Trump picks real estate developer Charles Kushner as his envoy to France

US President-elect Donald Trump on Saturday nominated New York real estate developer Charles Kushner as his envoy to France. Kushner is the father of Trump's son-in-law Jared Kushner. Jared played a key role in the first term of the Trump Administration including the Israel-Palestine peace plan. He is married to Ivanka Trump, daughter of President-elect Donald Trump. I am pleased to nominate Charles Kushner, of New Jersey, to serve as the US Ambassador to France. He is a tremendous business leader, philanthropist, & dealmaker, who will be a strong advocate representing our Country & its interests, Trump announced. Charlie is the Founder & Chairman of Kushner Companies, one of the largest & most successful privately held Real Estate firms in the Nation. He was recognized as New Jersey Entrepreneur of the Year by Ernst & Young, appointed to the U.S. Holocaust Memorial Council, & served as a Commissioner, & Chairman, of the Port Authority of New York & New

Trump's tariffs could cost carmakers up to 17% of core profits, says S&P

Analysts and experts fear the tariffs could be more damaging for European car makers like Volkswagen and Stellantis and their suppliers than any direct tariffs on EU goods

Trump's 'energy dominance' plan faces real-world challenges: Experts

President-elect Donald Trump is set to create a National Energy Council that he says will establish American energy dominance around the world as he seeks to boost US oil and gas drilling and move away from President Joe Biden's focus on climate change. The energy council to be led by North Dakota Gov. Doug Burgum, Trump's choice to head the Interior Department will be key in Trump's pledge to drill, drill, drill" and sell more oil and other energy sources to allies in Europe and around the globe. The new council will be granted sweeping authority over federal agencies involved in energy permitting, production, generation, distribution, regulation and transportation, with a mandate to cut bureaucratic red tape, enhance private sector investments and focus on innovation instead of totally unnecessary regulation, Trump said. But the president-elect's energy wishes are likely to run into real-world limits. For one, US oil production under Biden is already at record levels. The federa

Ottawa must ensure Trump understands importance of Canadian oil to US: Min

Trump, who takes office on Jan 20, said on Monday he would impose a 25 per cent tariff on imports from Canada and Mexico until they clamped down on drugs and migrants crossing the border

Trump's tariffs had little impact in 1st term, this time may be different

Donald Trump loved to use tariffs on foreign goods during his first presidency. But their impact was barely noticeable in the overall economy, even if their aftershocks were clear in specific industries. The data show they never fully delivered on his promised factory jobs. Nor did they provoke the avalanche of inflation that critics feared. This time, though, his tariff threats might be different. The president-elect is talking about going much bigger on a potential scale that creates more uncertainty about whether he'll do what he says and what the consequences could be. There's going to be a lot more tariffs, I mean, he's pretty clear, said Michael Stumo, the CEO of Coalition for a Prosperous America, a group that has supported import taxes to help domestic manufacturing. The president-elect posted on social media Monday that on his first day in office he would impose 25 per cent tariffs on all goods imported from Mexico and Canada until those countries satisfactorily stop ill

Mexican President Sheinbaum confident of averting tariff war with US

Mexican President Claudia Sheinbaum said Thursday she is confident that a tariff war with the United States can be averted. But her statement the day after she held a phone call with US President-elect Donald Trump did not make clear who had offered what. There will be no potential tariff war, Sheinbaum said flatly when asked about the issue at her daily morning news briefing. On Wednesday, Trump wrote that Sheinbaum had agreed to stop unauthorised migration across the border into the United States. She wrote on her social media accounts the same day that migrants and caravans are taken care of before they reach the border. But whether that constituted a promise, a pledge or a simple statement of reality remains unclear. In recent years, migrants who have been unable to obtain permission to cross Mexico have joined together in caravans to walk or hitchhike north toward the US border, seeking safety in numbers. In fact, apart from the first caravans in 2018 and 2019 which were .

Mexico must stop flow of illegal immigrants into US, says Donald Trump

US President-elect Donald Trump on Thursday said Mexico has agreed to immediately stop illegal immigrants from going to its border with the United States. This comes days after Trump threatened to impose a 25 per cent tariff on all imports from Mexico and Canada for their inability to stop the flow of illegal immigrants into the United States. In a post on his Truth Social platform, Trump said he spoke to Mexican President Claudia Sheinbaum Pardo on the phone and the two had a productive conversation. "Mexico will stop people from going to our Southern Border, effective immediately. THIS WILL GO A LONG WAY TOWARD STOPPING THE ILLEGAL INVASION OF THE USA. Thank you," Trump said in his post. "Just had a wonderful conversation with the new President of Mexico, Claudia Sheinbaum Pardo. She has agreed to stop Migration through Mexico, and into the United States, effectively closing our Southern Border," he said. Trump said the two also talked about what could be done to stop the drug .

Donald Trump dines with Meta CEO Zuckerberg in Florida's Mar-a-Lago club

Donald Trump dined on Wednesday with Meta CEO Mark Zuckerberg at the president-elect's Mar-a-Lago club in Florida, bringing together the Facebook founder and the former president who was once banned from that social network. Stephen Miller, who has been appointed deputy chief of staff for Trump's second term, said Zuckerberg, like other business leaders, wants to support Trump's economic plans. The tech CEO has been seeking to change his company's perception on the right following a rocky relationship with Trump. Mark, obviously, he has his own interest, and he has his own company and he has his own agenda, Miller said in an interview on Fox News about the meeting. But he's made clear that he wants to support the national renewal of America under Trump's leadership. A spokesperson for Meta confirmed that Zuckerberg and Trump met on Wednesday, saying he was invited for dinner with the president-elect and other members of his team to talk about the incoming administration. Trump was

China's state media praises some US firms amid fears of new trade war

The China Daily also noted that Morgan Stanley received regulatory approval in March to expand its China operations, citing this as evidence of foreign financial firms' enthusiasm for investing