Page 5 - Donald Trump

Trump's treasured negotiating edge dulled by Supreme Court's tariff ruling

The blow comes amid a perilous stretch for White House, with Trump facing criticism over his threats to acquire Greenland, violent actions by immigration officers and the fallout from Epstein files

Trump tells Netflix to fire board member Susan Rice or 'pay consequences'

Rice in a podcast said that corporations, news organizations and law firms that went along with Trump's demands for loyalty now see their actions were unpopular

JPMorgan acknowledges it closed Trump's accounts after Jan 6 attack

JPMorgan Chase acknowledged for the first time that it closed the bank accounts of President Donald Trump and several of his businesses in the political and legal aftermath of the January 6, 2021 attacks on the US Capitol, the latest development in a legal saga over the controversial practice of "debanking." The acknowledgment came in a court filing submitted this week in Trump's lawsuit against the bank and its leader, Jamie Dimon. The president sued for USD 5 billion, alleging that his accounts were closed for political reasons, disrupting his business operations. "In February 2021, JPMorgan informed Plaintiffs that certain accounts maintained with JPMorgan's CB and PB would be closed," JPMorgan's former chief administrative officer Dan Wilkening wrote in the court filing. The "PB" and "CB" stands for JPMorgan's private bank and commercial bank. Until now, JPMorgan has never admitted it closed the president's accounts, and would only speak hypothetically about when the bank closes

Trump tariffs derailed: Impact on stock market, trade, dollar, gold, silver

The US Supreme Court's decision takes away a big cloud that's been hanging over global trade for a year now, analysts said.

Weaponisation of tariffs must be condemned: Chidambaram slams Trump

Congress leader P Chidambaram on Saturday accused US President Donald Trump of indulging in the "weaponisation of tariffs" and said the move must be condemned. In a post on X, the former finance minister said he was not surprised that Trump was "desperately searching" for ways to re-impose tariffs after the US Supreme Court struck down the so-called reciprocal tariffs that he had announced on April 2, 2025. "What is surprising is that some commentators and BJP-leaning trolls are obliquely justifying the actions of Mr Trump to retain the tariffs in one way or other. "Do they realise that the tariffs severely disrupted trade and were contrary to the rule-based trading order that all countries desire? Do they realize that the tariffs hurt India's exports to the US?" he asked. Chidambaram said Trump's actions were condemned by all countries as "weaponisation of tariffs". "Post-judgement, what President Trump is attempting to do (under various other provisions of law) is also weaponisa

Trump raises global tariff to 15% from 10% day after US court's big ruling

He said the administration would determine and announce revised tariff levels for different countries in the coming months within the limits permitted under law

Put India-US trade deal on hold, renegotiate terms: Congress

The Congress on Saturday demanded that the government put the interim trade agreement on hold and renegotiate the terms of the deal after the US Supreme Court invalidated the reciprocal tariffs imposed by President Donald Trump. Congress general secretary Jairam Ramesh said the government must also ensure that the interests of Indian farmers are fully protected during the renegotiations and asked the government to categorically state that it will not allow any import liberalisation to the American side. Speaking with reporters here, Ramesh questioned the silence of Prime Minister Narendra Modi on the entire deal and said he should clarify on whether he agrees with Trump's statement that nothing changes in the trade deal with India. "Does Modi agree with Trump that the trade agreement with India still holds," the Congress leader asked, while pointing out there was no response from the government so far. Claiming that the India-US interim agreement will adversely affect the Indian ..

US military airlifts microreactor as Trump pushes nuclear expansion

The Pentagon and the Energy Department for the first time airlifted a small nuclear reactor from California to Utah, demonstrating what they say is US potential to quickly deploy nuclear power for military and civilian use. The nearly 700-mile flight last weekend - which transported a 5-megawatt microreactor without nuclear fuel - highlights the Trump administration's drive to promote nuclear energy to help meet skyrocketing demand for power from artificial intelligence and data centres, as well for use by the military. Energy Secretary Chris Wright and Undersecretary of Defence Michael Duffey, who travelled with the privately built reactor, hailed the February 15 trip on a C-17 military aircraft as a breakthrough for US efforts to fast-track commercial licensing for the microreactors, part of a broader effort by the Trump administration to reshape the country's energy landscape. A new emphasis on nuclear energy ======================= President Donald Trump supports nuclear power

With tariffs ruling, US Supreme Court reasserts its power to check Trump

Shane noted that the tariffs case did not require the court to wade into the wisdom of Trump's policy or the soundness of his discretion - and may not undermine Trump's power going forward

Govt studying implications of US Court tariff ruling; Trump remarks

The US Supreme Court ruled that Trump exceeded his authority by imposing tariffs under the International Emergency Economic Powers Act (IEEPA), a 1977 law intended for national emergencies

Explained: What Trump's 10% global import tariff reset means for India

From 50% duties to a temporary 10% levy, US tariff rules on Indian goods have shifted, lowering costs for now while leaving sectoral duties and trade deal negotiations largely unchanged

Asian economies assess impact of fresh Trump tariff moves, confusion

The court struck down several Trump-era tariffs on Asian export giants, China, South Korea, Japan, and Taiwan, key players in tech supply chains and the global chip market

Murky outlook for business amid Trump's new moves against SC tariff verdict

Businesses face a new wave of uncertainty after the Supreme Court struck down tariffs imposed by President Donald Trump under an emergency powers law and Trump vowed to work around the ruling to keep his tariffs in place. The Trump administration says its tariffs help boost American manufacturers and reduce the trade gap. But many US businesses have had to raise prices and adjust in other ways to offset higher costs spurred by the tariffs. It remains to be seen how much relief businesses and consumers will actually get from Friday's ruling. Within hours of the court's decision, Trump pledged to use a different law to impose a 10 per cent tariff on all imports that would last 150 days, and to explore other ways to impose additional tariffs on countries he says engage in unfair trade practices. "Any boost to the economy from lowering tariffs in the near-term is likely to be partly offset by a prolonged period of uncertainty," said Michael Pearce, an economist at Oxford Economics. "Wit

Iran prepares nuclear counterproposal as Trump weighs military strikes

Iranian FM did not give specific timing for when Iran would deliver its counterproposal to Witkoff and Kushner but said a diplomatic deal could be achieved 'in a very short period of time'

For Europe Inc, US tariff relief brings unexpected trade uncertainty

Many firms cautioned that Trump could pursue other avenues to impose similar tariffs, reducing the benefit of lower levies, while tariff refunds are likely to be difficult to obtain

India faces reduced 10% US tariff after Trump announces new global levy

India now faces a lower tariff rate of 10 per cent, down from 18 per cent, after US President Donald Trump announced a new global levy on items imported into America in the wake of the Supreme Court verdict against his sweeping tariffs. In a proclamation titled 'Imposing a Temporary Import Surcharge to Address Fundamental International Payments Problems', Trump said he is imposing, for a period of 150 days, a "temporary import surcharge of 10 per cent ad valorem" on articles imported into the United States, effective February 24. Given this new tariff rate of 10 per cent, which will be applicable on countries around the world, Indian goods being imported into the US would no longer be subject to the 18 per cent tariff rate that had been decided on following the announcement of a framework for an Interim Agreement on trade between India and the US. In a major setback to Trump's pivotal economic agenda in his second term, the US Supreme Court, in a 6-3 verdict written by Chief Justice

Who is Neal Katyal, the Indian-origin lawyer behind Trump tariffs verdict

The US Supreme Court's 6-3 decision striking down Donald Trump's reciprocal tariffs has put Indian-origin lawyer Neal Katyal in focus, after he successfully argued that only Congress can impose tariff

USTR plans new Section 301 probes covering major trading partners

Trump administration has cautioned foreign trading partners and the business community for months that it would use alternative tools to address its trade concerns if IEEPA tariffs were struck down

Mexico, Canada secure exemption from 10% US levy, but USMCA risks remain

Mexican and Canadian officials know that even if using IEEPA is out, the Trump administration is ready to employ other tactics to gain an edge over them

Cuba-bound tanker carrying Russian fuels set to test Trump blockade

Pressure on Havana has been mounting since late last year, when US forces seized a ship carrying Venezuelan crude to Cuba