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Tag: Donald Trump

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

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 […]

Trump signs executive order establishing US Bitcoin reserve
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Trump signs executive order establishing US Bitcoin reserve

President Donald Trump signed an executive order Thursday to establish a strategic bitcoin reserve, a move aimed at solidifying the federal government’s stake in digital assets. The order was signed a day before a high-profile White House meeting with cryptocurrency industry executives. The reserve will be initially funded using bitcoin obtained through criminal or civil […]

Trump signs executive order to establish US Sovereign Wealth Fund
News

New tariffs raise concerns over US car price hikes

The auto industry in the United States are preparing for higher costs and significant disruptions to its North American supply chains as President Trump’s 25 per cent tariffs on Canada and Mexico is set to become a reality. The tariffs could lead to increased production costs, higher vehicle prices, and delays in manufacturing, prompting companies […]

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Trump to host first-ever White House crypto summit

United States President, Donald Trump is set to host the White House’s inaugural cryptocurrency summit on March 7, 2025, underscoring his administration’s commitment to the digital asset industry. The White House announced Friday night that President Donald Trump will deliver remarks at the gathering, which will feature prominent crypto founders, CEOs, investors, and members of […]

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 […]

Trump to slash US tariffs on China 'substantially'
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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 brushes off Musk’s criticism of $500bn AI project
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 signs executive order to establish US Sovereign Wealth Fund
News

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 signs executive order to establish US Sovereign Wealth Fund
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 […]

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