Page 24 - Donald Trump

Trump plans $700 mn in new coal support using Cold War-era defence powers

Trump admin has framed energy issues in existential terms as it eyes domestic need to sustain power-hungry AI data centers and aims to marginalise foreign adversaries that hold fossil fuel reserves

US House approves resolution to halt military action against Iran

The House approved a war powers resolution that would halt the US military action against Iran, defying President Donald Trump as a handful of Republicans joined with Democrats to end the three-month-long war that has reordered politics at home and abroad. House Speaker Mike Johnson had tried to prevent an outcome that would show the mounting opposition to the war, abruptly shutting down floor action two weeks ago when the war powers resolution was on the verge of approval. But displeasure has only grown as the conflict drags on and as Trump struggles to negotiate a quick resolution. The roll call on Wednesday was 215-208, and cheers erupted in the House chamber. "This reckless and costly war of choice needs to end today," House Democratic Leader Hakeem Jeffries of New York said earlier in the week. "All we need are a handful of Republicans to join us and we can end this reckless and costly war of choice -- a war that has cost the American taxpayer over USD 100 billion -- that's ..

Strait of Hormuz to reopen 'immediately' once Iran deal is signed: Trump

US President also indicated his preference to keep the issue of reopening the strait separate from the continuing conflict in Lebanon, which has seen intensive Israeli strikes in the southern parts

US-India trade deal 99% complete, final talks under way: US envoy Gor

US Ambassador Sergio Gor said negotiators are working through the final technical and legal issues as both sides push to conclude the long-pending trade agreement

Trump says Iran has agreed to forgo nuclear weapons, may meet Mojtaba

Asked about Khamenei's involvement in talks with the US on ending hostilities, Trump said, "He's involved, absolutely. ...I think they have a lot of respect for him"

War games and warnings on Strait of Hormuz went unheeded by Trump

Over the past two decades, Iran repeatedly threatened to close down the waterway. President Trump underestimated Iran's ability to do so

US-India trade deal 99% done, last-mile talks this week: US Ambassador Gor

US Ambassador Sergio Gor says 99 per cent of the bilateral trade pact is in place, with negotiators working to resolve final technical and legal issues during talks in New Delhi

Trump's Netanyahu problem is latest key hurdle to Iran peace deal

The latest diplomatic rupture followed days of Israeli military escalation against Hezbollah in Lebanon, prompting a phone call between Trump and Israeli Prime Minister Benjamin Netanyahu

Trump signs order seeking oversight of AI models for security risks

President Donald Trump signed an executive order on oversight of artificial intelligence Tuesday, less than two weeks after postponing a White House ceremony over his concerns that a similar policy could dull America's technological edge. The order establishes a framework for the federal government to vet the national security risks of the most advanced AI systems for up to a month before their public release. Participation by AI developers would be voluntary, the order says. "Advanced AI capabilities make our Nation stronger, but also introduce new national security considerations that require coordinated action across executive departments and agencies," the order says. It was not immediately clear to what extent the order differed from the one Trump declined to sign on May 21. The order says the government would have only 30 days to review an AI system, a shorter time frame than some in the industry were expecting. A longer time period might have been seen as too burdensome for

Trump admin proposes 25% tariffs on Brazil despite US trade surplus

The Trump administration proposed 25 per cent tariffs on imports from Brazil, charging that the world's 10th-biggest economy engages in trade practices that are "unreasonable'' and that "burden or restrict US commerce.'' Brazil's President Luiz Inacio Lula da Silva said he received the decision "with indignation." He also blamed the decision by the US administration on his rival in October's elections, Sen. Flavio Bolsonaro, who visited Washington last week. The senator is the son of former President Jair Bolsonaro, once nicknamed "the Trump of the Tropics" by his allies. The announcement late Monday came after an investigation by the Office of the US Trade Representative, charging Brazil with lax anti-corruption enforcement and unfair tariffs of its own, among other things. The US has had a goods trade surplus with Brazil for years. US Trade Representative Jamieson Greer said that he and President Donald Trump had "constructive'' meetings with Lula and other Brazilian officials. B

'Time to make a deal': Trump rejects reports of breakdown in US-Iran talks

Trump refuted claims that communications between the two nations had broken down, asserting that discussions have been actively maintained over the last several days

Trump orders US agencies to partner with AI firms on cyber defence

Tuesday's order emphasises voluntary participation by developers despite earlier deliberations about mandating government approval of new AI systems

Trump taps Bill Pulte as acting intelligence chief after Gabbard resigned

President Donald Trump has tapped federal housing finance Director Bill Pulte to be acting director of national intelligence to replace Tulsi Gabbard. Trump made the surprise announcement Tuesday on Truth Social regarding Pulte, the director of the Federal Housing Finance Agency and chair of mortgage giants Fannie Mae and Freddie Mac. Trump says Pulte "has deep experience managing the most sensitive matters in America, the safety and soundness of the Markets, and over 10 Trillion Dollars at Fannie Mae/Freddie Mac, a substantial increase from where it was just 12 months ago." Trump says Pulte will keep his other positions even as he fills in for Gabbard, who resigned last month after revealing her husband's cancer diagnosis.

Iran says reviewing US ceasefire proposal as Trump says talks continuing

Trump said on Monday that negotiations with Iran were continuing and there would be a deal over the next week to extend a ceasefire agreed in early April and reopen the Strait of Hormuz

Trump signs order amending tariffs on steel, aluminum and copper imports

The order also allows foreign companies to qualify for a 10% tariff if 'their capital equipment includes at least 85% aluminum by weight'

'Everybody hates Israel now': Trump tells Netanyahu in call over Lebanon

According to a US official cited by Axios, Trump expressed immense frustration over what he perceived as a disproportionate military response to Hezbollah's strikes on Israel

Lebanon announces partial Israel-Hezbollah ceasefire as fighting continues

Early on Tuesday, the Israeli military said that it intercepted two projectiles that crossed from Lebanon into northern Israel, and that no injuries were reported

Will strike Beirut if Hezbollah attacks persist: Netanyahu tells Trump

The precise parameters of the tentative truce publicised by Trump continue to be shrouded in ambiguity, driven by contrasting signals emerging from Washington, Jerusalem, Hezbollah, and Beirut

Iran talks continuing at rapid pace, says Trump as strikes test ceasefire

US President Donald Trump on Monday said talks were continuing with Iran at a rapid pace, as fresh strikes by Tehran appeared to hit the fragile ceasefire. "Talks are continuing, at a rapid pace, with the Islamic Republic of Iran," Trump said in a post on Truth Social. The nominal ceasefire between Iran and the US has been repeatedly tested with such back-and-forth attacks, even as officials from both countries try to negotiate an end to the war. It's not clear how close they are to a deal and there is always the risk that an attack could derail those talks.

New inflation warning from bond market adds to Trump's midterm challenges

The world is getting more uptight about lending money to President Donald Trump's government - causing interest rates to climb in ways that are worsening affordability pressures, hampering economic growth and creating a new risk for Republicans in November's mid-term elections. The energy price spike triggered by the Iran war has seeped into the price of bonds that help fund the US government. Interest rates on a 10-year US Treasury note are topping 4.44%, up from 3.95% before the war started at the end of February. Average mortgage rates have climbed to their highest levels in nine months, while auto sales are slumping. The challenge is global in scale, as interest rates have risen for multiple countries as the world has been adjusting to the prospect of higher inflation, mounting questions about the sustainability of government debt and a dramatic surge in investment in artificial intelligence. Trump has tried to assure Americans that he has a plan to trim the roughly USD 1.8 ...