Page 92 - Donald Trump

Trump’s 100% tariff shock on pharma: What it means for India, pharma stocks?

US President Donald Trump has once again rattled markets with his tariff announcement, this time targeting the pharmaceutical sector.

Trump plans to mandate 1:1 ratio of locally produced to imported chips

The Trump administration aims to have chip companies in the US manufacture the same number of semiconductors as their customers import from overseas

Hungary's Orban tells Trump cutting Russian energy would cripple economy

Hungarian Prime Minister Viktor Orbn said Friday that Hungary will continue to source fossil fuels from Russia despite demands from his ally US President Donald Trump, and that he'd informed the president that dropping Russian energy would be a disaster for Hungary's economy. Hungary remains one of the only countries in Europe to continue purchasing Russian oil and natural gas following Russia's full-scale invasion of Ukraine in February 2022. But Trump, an admirer of the long-serving Hungarian leader, earlier this month called on all NATO countries including Hungary to cease purchasing Russian oil, since he believes the Russia-Ukraine war would end if they did so. In comments to state radio on Friday, Orbn said he recently told Trump that that dropping Russian energy imports would be an economic disaster for Hungary. I told the US president ... that if Hungary is cut off from Russian oil and natural gas, immediately, within a minute, Hungarian economic performance will drop by 4 p

Trump's tariff threat spotlights US factory plans of pharma firms

Merck & Co., Novo Nordisk A/S and Eli Lilly & Co. are among firms that have started US builds since 2023, with construction sites in Delaware, North Carolina and Texas

Turkish Airlines to add 225 new Boeing aircraft after Erdogan's US visit

Turkish Airlines, Turkiye's national carrier, has announced plans to add 225 Boeing aircraft to its fleet. In a declaration to the Istanbul Stock Exchange on Friday, the airline said it has decided to purchase 75 Boeing B787-9 and B787-10 aircraft and has completed negotiations with Boeing to acquire 150 737-8/10MAX models. The announcement was made a day after Turkish President Recep Tayyip Erdogan met with US President Donald Trump in Washington. Turkish Airlines will place 50 confirmed and 25 optional orders for the B787-9 and B787-10 aircraft, scheduled for delivery between 2029 and 2034. The B787-9 and B787-10 are advanced, fuel-efficient long-haul aircraft designed for international travel, the airline said in a statement. The company is in negotiations with Rolls-Royce and GE Aerospace for the procurement of engines, spare parts and maintenance services for the aircraft, the statement said. Separately, Turkish Airlines said it has finalised negotiations with Boeing for 150

Trump signs order for TikTok US sale, cuts ByteDance stake below 20%

In an order signed at the White House, Trump said the deal meets the 2024 law requiring ByteDance to divest control or face a nationwide ban in the US

Trump announces 100% tariff on pharma imports; duties on trucks, furniture

Trump said the new tariffs would not apply to companies that are actively building pharmaceutical manufacturing facilities in the US

Trump hosts Pak PM Shehbaz Sharif, Asim Munir amid strained India ties

Donald Trump hosted Pakistan PM Shehbaz Sharif at the White House, marking a thaw in US-Pakistan ties as India-US relations remain tense over tariffs and Russian oil imports

US pushes overhaul of global asylum rules, citing widespread abuse

Trump had earlier said to the global leaders at UN that uncontrolled migration is harming nations, false asylum claims must end, and open borders "experiment" should stop

Fed's Lisa Cook warns US Supreme Court of market 'chaos' if she's fired

The Justice Department has asked the Supreme Court to let Trump remove Cook while it fights a lower court ruling that the economist is likely to succeed in her lawsuit

Trump's H-1B visa overhaul threatens America's college-to-job pipeline

Indian techies and doctors, who hold more than 70 per cent of the existing visas under this category, read the move as an eviction notice from their careers and lives in the US

Ex-FBI Director Comey indicted on charges of lying to Congress, obstruction

James Comey has been charged with lying to Congress in a criminal case filed days after President Donald Trump appeared to urge his attorney general to prosecute the former FBI director and other perceived political enemies. Thursday's indictment makes Comey the first former senior government official involved in one of Trump's chief grievances, the long-concluded investigation into Russian interference in the 2016 election, to face prosecution. Trump has for years derided that investigation as a "hoax" and a "witch hunt" despite multiple government reviews showing Moscow interfered on behalf of the Republican's campaign, and has made clear his desire for retribution. Minutes after the former FBI director was indicted, his son-in-law Troy Edwards resigned as a federal prosecutor. Edwards quit his job "to uphold my oath to the Constitution and the country", he wrote in a one-sentence resignation letter addressed to Lindsey Halligan, the newly appointed acting US Attorney in Virginia'

Trump meets Turkiye's Erdogan as US weighs lifting ban on F-35 jet sales

President Donald Trump held talks with Turkish President Recep Tayyip Erdogan at the White House on Thursday and signalled that the United States might soon lift its hold on sales of advanced fighter jets to Ankara. During Trump's first term, the US removed Turkiye, a NATO ally, from its flagship F-35 fighter jet programme after Turkiye purchased an air defence system from Russia. US officials worried that Turkiye's use of Russia's S-400 surface-to-air missile system could be used to gather data on the capabilities of the F-35 and that the information could end up in Russian hands. Trump started his two-hour meeting with Erdogan by offering hope that a resolution to the matter could be found during the leaders' talks. He needs certain things, and we need certain things, and we're going to come to a conclusion. You'll know by the end of the day," Trump said. The president added to Erdogan, And I think you'll be successful with buying the things" you would "like to buy. The presiden

Trump orders crackdown on 'left wing terrorism', targets Democratic donors

President Donald Trump has directed his administration to crack down on backers of what he dubbed "left-wing terrorism", naming two top Democratic donors as he alleged without evidence a vast conspiracy to finance violent protests against the government. Trump's directive put the FBI's Joint Terrorism Taskforce in the lead and said the effort would span agencies across the administration, including the Treasury Department, "to identify and disrupt financial networks that fund domestic terrorism and political violence". The pursuit of what the president said were the funders of "agitators and anarchists" is the latest instance of Trump using the power of his office to pursue his political rivals. When pressed by a reporter to name any possible targets, he suggested two of the Democratic Party's top donors billionaires George Soros and Reid Hoffman. "If they are funding these things, they're going to have some problems," Trump said on Thursday. Trump had threatened such an order aft

US economy shows surprising 3.8% growth rate after major revision of Q2 GDP

The US economy expanded at a surprising 3.8 per cent from April through June, the government reported in a dramatic upgrade of its previous estimate of second-quarter growth. US gross domestic product the nation's output of goods and services rebounded in the spring from a 0.6 per cent first-quarter drop caused by fallout from President Donald Trump's trade wars, the Commerce Department said Thursday. The department had previously estimated second-quarter growth at 3.3 per cent. The first-quarter GDP drop, the first retreat of the US economy in three years, was mainly caused by a surge in imports which are subtracted from GDP as businesses hurried to bring in foreign goods before Trump could impose sweeping taxes on them. That trend reversed as expected in the second quarter: Imports fell at a 29.3 per cent pace, boosting April-June growth by more than 5 percentage points. Consumer spending rose at a 2.5 per cent pace, up from 0.6 per cent in the first quarter and well above the

Trump's H-1B visa fee hike will backfire, says Silicon Valley investor

Michael Moritz said Trump's $100,000 H-1B visa fee shows a fundamental misunderstanding of what drives America's tech success and risks pushing innovation abroad

Robotics, medical gear, industrial machinery under Trump's new tariff push

The Trump administration has launched trade probes on robotics, industrial machines, and medical devices, paving the way for possible tariffs to boost US manufacturing

US-Pak ties in focus as Sharif set to meet Donald Trump during UNGA visit

Pakistan Prime Minister Shehbaz Sharif will travel from New York to Washington on Thursday to discuss bilateral ties with US President Donald Trump

'Americans first': US official justifies Trump's new $100,000 H-1B fee

Margaret MacLeod's remarks follow Trump's executive order imposing a $100,000 fee on fresh H-1B visa applications and reflect growing tensions over India's oil trade with Russia

US acknowledges 'turbulence' with India but maintains positive trajectory

The current tensions centre primarily on trade disputes, with the Trump administration imposing additional tariffs on India over various commercial issues