Page 342 - Donald Trump

Trump threatens tariff war on Canada, Mexico, China: Should India be wary?

President-elect Trump's tariff threats against Canada, Mexico, and China have unsettled global markets, raising questions about how these moves might impact India's trade and economic interests

Trump tests Xi Jinping's appetite to play ball with early tariff threat

Trump's gambit risks setting in motion a standoff between the world's two biggest economies following an election campaign that already brought fears over a new wave of protectionism

Investors confident their portfolios are better prepared for Trump 2.0

Trump, who takes office on Jan. 20, said he would immediately impose 25 per cent tariffs on imports from Canada and Mexico until they clamped down on drugs and migrants

$368 bn question: Will Trump renegotiate the AUKUS treaty or walk away?

This illustrates the enduring Australian government support for AUKUS and its centrality to our defence planning, as well as the significant concern this enthusiasm is not shared by Trump or his team

Charges against Adani can be withdrawn after Trump takes over: Lawyer

There remains a possibility that the USD 265 million bribery case against Indian billionaire Gautam Adani can be withdrawn if the charges against him are deemed unworthy or defective after Donald Trump takes over as the US President, a prominent Indian-American attorney has said. Attorney Ravi Batra told PTI that while every new president has a new team, President-elect Trump as the 47th President of the US, who is forgoing FBI-checks for his Cabinet, will "neuter any prosecution that's not based in good faith, but is what he has powerfully termed: lawfare. Essentially, that means the law is being applied selectively to target one's opponents, which naturally denies the target of equal protection of the law guaranteed by our Federal constitution, Batra said. He added that that is an issue Gautam Adani can raise with his government, and request them to raise bilaterally with the incoming administration of Trump, who will be sworn in as the 47th US President on January 20, 2025. "If

Here's what Trump 2.0 could mean for trade, migrants, and climate change

Trump on Monday pledged to impose tariffs on the United States' top three trading partners including a 25 per cent tariff on all products from Mexico and Canada

Donald Trump's team denies any plan to ban transgender military personnel

Trump's incoming press secretary Karoline Leavitt dismissed the allegations, describing them as speculative and unfounded

No one will win a trade war, China says after Trump tariff threat

Trump said he would impose the tariffs until China stops the flow of illegal drugs, particularly fentanyl, into the United States

Donald Trump roils markets with tariff threat on China, Mexico, and Canada

Trump said he would impose additional 10 per cent tariffs on goods from China and 25 per cent tariffs on all products from Mexico and Canada in posts to his Truth Social network on Monday

Special counsel moves to dismiss classified documents case against Trump

Federal prosecutors moved on Monday to abandon the classified documents case against President-elect Donald Trump in light of longstanding Justice Department policy that says sitting presidents cannot face criminal prosecution. The announcement in an appeals court filing in Florida came shortly after a similar filing was made by prosecutors in Washington, DC, where they asked to dismiss the case accusing Trump of plotting to overturn the 2020 election. The move amounts to a predictable but nonetheless stunning conclusion to a criminal case that just one year ago had been seen as the most perilous legal threat that he faced. It reflects the practical consequences of Trump's victory, ensuring he enters office free from scrutiny over his hoarding of top secret documents and conduct that prosecutors said had jeopardised national scrutiny. The dismissal had been foreshadowed in recent weeks by the revelation that special counsel Jack Smith was evaluating how to wind down both that case

Democrats to choose new party leader shortly after Trump's inauguration

The chair of the Democratic National Committee informed party leaders on Monday that the DNC will choose his successor in February, an election that will speak volumes about how the party wants to present itself during four more years of Donald Trump in the White House. Jaime Harrison, in a letter to members of the party's powerful Rules and Bylaws Committee, outlined the process of how the party will elect its new chair. Harrison said in the letter that the committee will host four candidate forums some in person and some virtually in January, with the final election on February 1 during the party's winter meeting in National Harbour, Maryland. The race to become the next chair of the Democratic National Committee, while an insular party affair, will come days after Trump is inaugurated for a second term. Democrats' selection of a leader after Vice President Kamala Harris' 2024 loss will be a key starting point as the party starts to move forward, including addressing any ...

Abandoning Elon Musk's X, users favour Bluesky over Meta's Threads

Once backed by Twitter co-founder Jack Dorsey, Bluesky has overtaken Threads in daily active users. Meta's decision to de-emphasise political content has alienated users seeking political discussions

Trump 2.0 Cabinet combines diverse figures with conflicting views and roles

Donald Trump's personnel choices for his new Cabinet and White House reflect his signature positions on immigration and trade but also a range of viewpoints and backgrounds that raise questions about what ideological anchors might guide his Oval Office encore. With a rapid assembly of his second administration faster than his effort eight years ago the former and incoming president has combined television personalities, former Democrats, a wrestling executive and traditional elected Republicans into a mix that makes clear his intentions to impose tariffs on imported goods and crack down on illegal immigration but leaves open a range of possibilities on other policy pursuits. The president has his two big priorities and doesn't feel as strongly about anything else so it's going to be a real jump ball and zigzag, predicted Marc Short, chief of staff to Vice President Mike Pence during Trump's 2017-21 term. In the first administration, he surrounded himself with more conservative ...

Trump to 'sign order' removing transgender troops; spokeswoman denies plan

If US President-elect Donald Trump goes ahead with his plan, the decision will affect 15,000 transgender individuals actively serving in the US armed forces

Donald Trump's Treasury pick fuels global relief rally against dollar

US Treasuries climbed across the curve in early trading with the yield on benchmark 10-year notes falling five basis points to 4.35 per cent, the lowest in a week

Chinese exports will hit record this year before Donald Trump's second term

Export growth will accelerate to 7 per cent in the final three months from the same period last year, according to the median forecast of analysts surveyed by Bloomberg

Republicans slam claims that Trump's intelligence pick Gabbard compromised

Republican senators pushed back on Sunday against criticism from Democrats that Tulsi Gabbard, Donald Trump's pick to lead US intelligence services, is compromised by her comments supportive of Russia and secret meetings, as a congresswoman, with Syria's president, a close ally of the Kremlin and Iran. Sen. Tammy Duckworth, D-Illinois, a veteran of combat missions in Iraq, said she had concerns about Tulsi Gabbard, Trump's choice to be director of national intelligence. I think she's compromised," Duckworth said on CNN's State of the Union," citing Gabbard's 2017 trip to Syria, where she held talks with Syrian President Bashar Assad. Gabbard was a Democratic House member from Hawaii at the time. The US intelligence community has identified her as having troubling relationships with America's foes. And so my worry is that she couldn't pass a background check, Duckworth said. Gabbard, who said last month she is joining the Republican party, has served in the Army National Guard for m

How Scott Bessent became Trump's treasury secretary from Democrat donor

Bessent was not part of Trump's political orbit during his first campaign or term as president, but he has known the Trump family for decades and was close friends with Trump's late brother, Robert

Trump's promises on growth, inflation might derail due to $36 trn debt

Donald Trump has big plans for the economy and a big debt problem that will be a hurdle to delivering on them. Trump has bold ideas on tax cuts, tariffs and other programs, but high interest rates and the price of repaying the federal government's existing debt could limit what he's able to do. Not only is the federal debt at roughly USD 36 trillion, but the spike in inflation after the coronavirus pandemic has pushed up the government's borrowing costs such that debt service next year will easily exceed spending on national security. The higher cost of servicing the debt gives Trump less room to maneuver with the federal budget as he seeks income tax cuts. It's also a political challenge because higher interest rates have made it costlier for many Americans to buy a home or new automobile. And the issue of high costs helped Trump reclaim the presidency in November's election. It's clear the current amount of debt is putting upward pressure on interest rates, including mortgage ra

Iran braces for Trump takeover with economy buckling from sanctions

As Trump prepares for a second term as US president, all eyes are on whether he will revive his so-called maximum pressure policy against Iran that came to mark his first spell