Page 4 - Us President

US adds 177,000 jobs in sign of resilience; unemployment steady at 4.2%

American employers added a better-than-expected 1,77,000 jobs in April as the job market showed resilience in the face of President Donald Trump's trade wars. Hiring was down slightly from a revised 1,85,000 in March and came in above economists' expectations for a modest 1,35,000. The unemployment rate remained at a low 4.2 per cent, the Labour Department reported Friday. President Donald Trump's aggressive and unpredictable policies including massive import taxes have clouded the outlook for the economy and the job market and raised fears that the American economy is headed toward recession. But Friday's report showed the damage isn't showing up in the labour market yet. The labour market refuses to buckle in the face of trade war uncertainty, Christopher Rupkey, chief economist at fwdbonds, a financial markets research firm. Politicians can count their lucky stars that companies are holding on to their workers despite the storm clouds forming that could slow the economy further

Trump admin sues Hawaii, Michigan to block planned climate change lawsuits

Neither state has sued yet. Hawaii Governor Josh Green told a local TV station that his state plans to sue fossil fuel companies as soon as Thursday

Trump's NSA Mike Waltz, deputy Alex Wong set to exit US administration

Donald Trump aide Mike Waltz set to exit US administration weeks after accidentally leaking military strike details in a Signal chat

Russia declares a ceasefire in Ukraine on May 8-10 for WWII Victory Day

It comes as US President Donald Trump's scaled up efforts to broker a peace deal in Ukraine

Trump says he's being 'inundated' with requests to seek third term

President Donald Trump has said that he is being "inundated" with requests to seek a third term. However, he insisted there are some loopholes to the constitutional bar preventing presidents from seeking a third term. During a recent interview with Time magazine, Trump was asked about saying he was not joking about seeking a third term previously. He responded, There are some loopholes. But, he added, I don't believe in using loopholes. The 22nd Amendment states, No person shall be elected to the office of the President more than twice. A possible way around that would be for Vice President JD Vance to be elected president in 2028, then step aside in favour of Trump. Trump said he didn't know anything about that possibility, but also noted, I am being inundated with requests.

Trump open to Iran talks, threatens military action over nuclear threat

The last known face-to-face negotiations between the two countries took place under former US President Barack Obama during diplomacy that led to the 2015 nuclear accord

Trump warns of economic slowdown unless US Fed cuts interest rates

U.S. stocks slid further after the president's social media post. The benchmark S&P 500 Index was down 2% on the day

Iran open to new nuclear pact, but demands guarantees Trump won't exit it

Former US President Joe Biden, whose administration unsuccessfully tried to reinstate the 2015 pact, was not able to meet Tehran's demand for guarantees

Trump floats US-Europe meeting as Vance visits Italy for tariff talks

A back-to-back round of US-Italy talks on tariffs shifted to Rome on Friday as US Vice President JD Vance met with Premier Giorgia Meloni and the White House suggested a broader US-Europe summit was under consideration. I've been missing you, Meloni jokingly told Vance as he entered the courtyard of Chigi Palace, the premier's office. They had seen each other just the previous day in the Oval Office, where US President Donald Trump lavished praise on the Italian leader for her crackdown on migration but didn't yield on tariff plans that have increased tension with the European Union and stoked fears of recession. The White House and Meloni's office on Friday issued a joint statement that said Trump would visit Italy in the very near future. "There is also consideration to hold, on such occasion, a meeting between US and Europe, the statement said. Meloni, a far-right leader who has positioned herself as a bridge between the Trump administration and Europe, said she hoped the secon

ECB cuts rates again to help economy weather erratic US trade policy

The ECB has been lowering borrowing costs as post-pandemic price pressures retreat, and recent trade-related turmoil on global markets is adding to the case for further policy easing

Wall Street drops as Nvidia slumps on fresh US chip export curbs to China

The export controls are the newest attempt from the Trump administration to keep advanced semiconductors from being sold to China

India much better placed to deal with Trump tariffs: ITC Chairman

India is much better placed to deal with disruptions emanating from Trump tariffs as there is a possibility of signing an FTA with the US for which discussions are happening at fast pace, ITC Chairman Sanjiv Puri said. US President Donald Trump imposed reciprocal tariffs on many countries, including India, which he later postponed by three months with the exception of China on whom a 125 per cent tariff has been slapped. However, a 10 per cent additional duty on exports to the US will continue. The reciprocal tariffs will now kick in from July 9. When asked about the impact of such tariffs on the domestic industry, Puri said it will be difficult to say how it will evolve, but India will be much better placed in this. "It's difficult to say how it will evolve, but my own sense is that at the end of it, I think India is going to be much better placed, because we do see the possibility of several FTAs being inked, which industry has been looking forward to for some time, hopefully ...

US Vice President Vance, NSA Waltz expected to visit India from Apr 21

US Vice President J D Vance and National Security Adviser Michael Waltz are expected to be in New Delhi on April 21, reflecting Washington's focus on its relationship with India amid concerns across the globe over President Donald Trump's policy on tariffs. Both the US vice president and national security advisor are likely to embark on separate visits to India from April 21, top sources told PTI on Friday night. Vance's visit is likely to be more of a private trip, even though it will have official components. Waltz's visit will be a purely business trip as he will hold wide-ranging talks with his Indian interlocutors on a range of key issues including the security situation in the Indo-Pacific, the sources said. Both Vance and Waltz are expected to meet Prime Minister Narendra Modi before he travels to Saudi Arabia for a two-day visit from April 22. The visits of Vance and Waltz are taking place against the backdrop of Trump's policy on tariffs that triggered massive trade ...

Trump tells Russia to end 'terrible and senseless' war in Ukraine

In a post on Truth Social, the former US president said Russia must 'get moving' from the war, as US envoy Steve Witkoff met Vladimir Putin for ceasefire talks

House GOP okays Trump's big bill framework after intense internal wrangling

Donald Trump, at a black-tie fundraising dinner this week, had admonished Republicans to 'stop grandstanding' on the budget

Wall Street opens lower after sharp rally on Trump tariff reversal

The Dow Jones Industrial Average fell 611.5 points, or 1.51 per cent, at the open to 39,996.93

Trump to sign executive orders to boost US coal industry: Report

US power demand is rising for the first time in two decades as energy-intensive data centers for artificial intelligence, electric cars, and crypto currencies increase consumption

They have no idea why they are even there: Musk slams 'Hands Off' protests

Thousands of people across all the states of the US have staged protests against Donald Trump and Elon Musk on Saturday (local time)

After Trump, EU seeks zero tariff from India on car imports: Report

The European Commission declined to comment on specifics but shared a readout of its last round of talks with India in March

US President Trump tariffs push markets down rabbit hole of uncertainty

They suggest that the announcement of tariffs by US President Donald Trump has trapped markets in a bottomless pit for now, forecasting further declines in the near future