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Private jet demand drops as tariffs worry potential

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  • April 24, 2025
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Private jet demand drops as tariffs worry potential buyers

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Tag: Donald Trump

Trump freezes $2bn in Harvard funding over antisemitism measures
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Trump freezes $2bn in Harvard funding over antisemitism measures

President Donald Trump has ordered a freeze on more than $2 billion in federal funding allocated to Harvard University after the institution refused to comply with a set of demands from the White House aimed at combating antisemitism on campus. The White House outlined the measures as part of a broader effort to address rising […]

News

Trump suspends all reciprocal tariffs except those on China

President Donald Trump has announced a full suspension of all “reciprocal” tariffs that took effect at midnight, excluding those on China. He stated that tariffs on Chinese imports will be raised from 104% to 125%. In a Truth Social post on Wednesday, former President Donald Trump said he has “authorized a 90-day PAUSE, and a […]

AfDB President Adesina criticizes border opening for food imports
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Adesina hails Kaduna’s N74bn agriculture budget

The President of the African Development Bank, Dr. Akinwumi Adesina, has commended Kaduna State Governor, Senator Uba Sani for the impressive increase in the state’s agricultural budget from N1.4 billion to N74 billion. During a courtesy visit to the Governor at the Government House in Kaduna on Tuesday, Adesina commended Governor Sani for his dedication […]

Trump signs executive order establishing US Bitcoin reserve
News

US 104% tariff on China goes live

The 104% tariff on Chinese imports is now in effect, significantly escalating trade tensions between the United States and China. This sharp increase is likely to raise costs for American consumers and businesses dependent on Chinese goods, while potentially disrupting global supply chains. Despite widespread criticism from economists and CEOs, officials in the Trump administration […]

Trump signs executive order establishing US Bitcoin reserve
News

European stocks dive to 16-month low amid global recession fears

European shares hit a 16-month low as investors reacted to fears of a recession following the United States tariff announcements. Despite China’s retaliation, U.S. President, Donald Trump, remained firm on his tariff plans, leading investors to expect interest rate cuts from both the European Central Bank and the Federal Reserve. The pan-European STOXX 600 dropped […]

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Musk, Bezos, Zuckerberg lose over $81b in two days

President Donald Trump’s announcement of new tariffs sent shockwaves through Wall Street, resulting in significant losses for the world’s wealthiest individuals. Over the two-day plunge, the combined losses wiped out $30.9 billion from Elon Musk’s net worth, $23.49 billion from Jeff Bezos’, and $27.34 billion from Mark Zuckerberg’s, making them the three richest people in […]

Business

Southeast Asia scrambles to prevent tariff pain by enticing Trump

Southeast Asian countries are choosing diplomacy over confrontation in response to President Donald Trump’s “reciprocal tariffs.” Rather than retaliate, they’re signaling a willingness to negotiate, aiming to protect their export-driven economies and maintain access to the critical U.S. market. Vietnam, Cambodia, and Indonesia have expressed a willingness to engage in negotiations, while Singapore, a major […]

Trump unveils $5m ‘Gold Card’ for US residency
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Trump unveils $5m ‘Gold Card’ for US residency

United States President Donald Trump on Thursday unveiled a new, high-priced residency visa dubbed the “Trump Card,” which will grant legal U.S. residency to foreign buyers for $5 million each. The announcement was made aboard Air Force One, where Trump proudly displayed a gold prototype featuring his face and the label “The Trump Card.” “I’m […]

Trump signals tariff reduction to secure TikTok sale
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Trump signals tariff reduction to secure TikTok sale

United States President Donald Trump announced on Wednesday that he is open to reducing tariffs on China to facilitate a deal for ByteDance, the Chinese parent company of TikTok, to sell the popular short-video app used by 170 million Americans. ByteDance faces an April 5 deadline to divest TikTok to a non-Chinese buyer or risk […]

Trump signs executive order establishing US Bitcoin reserve
World

Trump announces 25% tariff on imported cars

United States President, Donald Trump, has announced a new 25% tariff on all imported cars. Signing an executive order, Trump stated that the tax would take effect on April 2, a date he referred to as “liberation day.” The tariffs are scheduled to take effect on April 2, though previous rollouts have faced delays. The […]

Trump escalates trade war with 200% tariff on European alcohol
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Trump escalates trade war with 200% tariff on European alcohol

President Donald Trump has vowed to impose a sweeping 200% tariff on European alcoholic beverages, responding to the European Union’s retaliatory tariffs on U.S. steel and aluminum. The escalating trade battle intensified after the EU announced a 50% tariff on American spirits, set to take effect on April 1. The move came swiftly after the […]