The former Trump national security adviser plans to plead guilty to a count of illegal retention of classified information, which could result in a fine and possibly prison time of up to five years
New evidence from economists at Morgan Stanley sheds light on how US firms that are exposed to tariffs are changing their behaviour
The EU and US agreed to a free-trade deal in July that would see the bloc erase levies on US industrial goods in exchange for a 15 per cent tariff ceiling on its exports
President Donald Trump said Wednesday that he will nominate Todd Blanche to serve as attorney general, tapping his former personal lawyer who has aggressively pursued the Republican president's agenda while leading the Justice Department in an acting role. Trump said at a dinner at the White House that he plans to nominate Blanche formally on Thursday, according to a video of the event posted on social media by a White House aide. "We are going to make him permanent attorney general," Trump said at the Rose Garden event. Blanche sought quickly to position himself as the favourite for the permanent job after Pam Bondi's firing in April, accelerating investigations into Trump foes and announcing a nearly USD 1.8 billion fund meant to compensate the president's allies for alleged political persecution. The proposed fund created a bipartisan firestorm that forced the Justice Department to scrap the idea earlier this week in an extraordinary about-face. Blanche was brought into the Just
Trump's order targets customs loopholes by cracking down on shell companies, inadequate customs bonds, and shipment-routing schemes used to conceal the true origin of imported goods
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
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 ..
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 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
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"
Over the past two decades, Iran repeatedly threatened to close down the waterway. President Trump underestimated Iran's ability to do so
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
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
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
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
Trump refuted claims that communications between the two nations had broken down, asserting that discussions have been actively maintained over the last several days
Tuesday's order emphasises voluntary participation by developers despite earlier deliberations about mandating government approval of new AI systems
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.
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
The order also allows foreign companies to qualify for a 10% tariff if 'their capital equipment includes at least 85% aluminum by weight'