Tag: Donald Trump

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

Move production to US or face tariffs, Trump warns drugmakers

Former President Donald Trump warned drugmakers in a private meeting that tariffs are coming and urged them to relocate overseas manufacturing to the U.S., according to sources familiar with the discussion. He also declined to commit to weakening a drug pricing program enacted under President Joe Biden, despite industry efforts to seek relief. Trump’s stance […]

US considers equity stakes in chipmakers under CHIPS act
News

US to impose 25% steel, aluminum tariff – Trump

United States President, Donald Trump has announced plans to impose a 25% import tax on all steel and aluminum entering the country, a move expected to have the greatest impact on Canada. He also stated that a further announcement would be made later in the week regarding reciprocal tariffs on nations that impose taxes on […]

Trump Media to raise $2.5bn for bitcoin investment
Tech

Trump drops lawsuit challenging Twitter ban

United States President, Donald Trump has ended his legal battle over his Twitter ban following the January 6, 2021, Capitol riot, according to a recent court filing. The details of the resolution remain undisclosed, and it is unclear whether Elon Musk’s ownership of Twitter played a role. Trump’s lawyer, John Coale, declined to comment. A […]

Trump to spend $1bn on offensive cyber operations
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Trump demands rare earth metals from Kyiv for aid

President Donald Trump has proposed negotiating a deal with Ukraine where Kyiv would guarantee the supply of rare earth metals, crucial elements used in electronics, in exchange for aid. This idea was first suggested by Ukrainian President Volodymyr Zelenskyy last October as part of his “victory plan” to end the war with Russia. The proposal […]

Trump to spend $1bn on offensive cyber operations
News

Trump signs executive order to establish US Sovereign Wealth Fund

United States President Donald Trump signed an executive order directing the creation of a sovereign wealth fund within the next year, suggesting it could potentially be used to acquire the short-video app TikTok. The move would align the U.S. with other nations, particularly in the Middle East and Asia, that have established similar funds to […]

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

S’African assets drop after Trump announces funding cut

South Africa’s rand, stocks, and government bonds fell Monday after U.S. President Donald Trump announced plans to cut funding for the country. The rand traded at 18.8975 against the U.S. dollar on early Monday, roughly 1% weaker than its closing value on Friday. On Sunday, Trump alleged, without offering evidence, that “certain classes of people” […]

Trump to unveil AI expansion plan amid US-China tech race
News

Trump repeats tariff threat to block BRICS from replacing dollar

The United States President, Donald Trump reiterated his plan to impose 100% import tariffs on BRICS countries (Brazil, Russia, India, China, and South Africa) if they attempted to reduce the use of the dollar in global trade. In a post on the social media platform Truth Social on Friday, Trump declared that the United States […]

US considers equity stakes in chipmakers under CHIPS act
News

US freezes foreign aid following Trump’s review order

The United States Department issued a “stop-work” order on all current foreign assistance and paused new aid on Friday, following President Donald Trump’s directive to review whether aid distribution aligns with his foreign policy, according to cable obtained by Reuters. The cable, prepared by the Department’s foreign assistance office and approved by Secretary of State […]

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

Trump signs executive order overhauling US cryptocurrency policy

President Donald Trump issued an executive order on Thursday, establishing a cryptocurrency working group tasked with drafting new digital asset regulations and exploring the creation of a national cryptocurrency stockpile. The move fulfills Trump’s campaign promise to make the United States a global leader in digital asset innovation. The order includes protections for banking services […]

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Trump brushes off Musk’s criticism of $500bn AI project

President Donald Trump on Thursday dismissed criticism from Tesla CEO Elon Musk over a $500 billion artificial intelligence project announced earlier this week. The initiative, a joint venture called Stargate, involves OpenAI, SoftBank, and Oracle, and is projected to build data centers and create over 100,000 jobs across the United States. Trump unveiled the ambitious […]

US considers equity stakes in chipmakers under CHIPS act
News

Trump open to Elon Musk purchase of TikTok

United States President Donald Trump expressed openness on Tuesday to the possibility of billionaire Elon Musk acquiring the social media app TikTok, should the Tesla CEO wish to do so. This follows heightened concerns over national security, with U.S. lawmakers pressuring TikTok’s Chinese parent company, ByteDance, to sell the app or face a potential ban. […]

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Trump overturns Biden’s 50% EV target, freezes funds

United States President, Donald Trump, on Monday reversed a 2021 executive order issued by his predecessor, Joe Biden, which set a goal for electric vehicles to make up 50% of all new vehicle sales in the United States by 2030. While the target was non-binding, it had received backing from both U.S. and international automakers. […]