Tag: Donald Trump

Nigeria-China trade hits $23bn - Envoy
Economy

US tariff: UK PM leads race in trade ties with China

Britain’s Keir Starmer is the latest Western leader to heat up trade ties with China in a shift analysts say is driven by US tariff pressure and unease over Donald Trump’s volatile policy playbook. The prime minister’s Beijing visit this week to promote “pragmatic” co-operation comes on the heels of advances from the leaders of […]

featured Finance

Dollar sinks further amid Trump’s tariff threats, policy uncertainty

The United States’ dollar struggled to bounce back on Wednesday following another selloff fuelled by President Donald Trump’s suggestion he was happy with the currency’s recent decline, while tech firms helped most equity markets extend their rally. According to AFP, traders are also keeping an eye on the Federal Reserve’s latest meeting, hoping for some […]

EU rules out fee for tech giants under digital markets act
Economy

EU urges greater defence role in NATO as Trump shifts focus

Europe must step up efforts on defence and play a bigger role in NATO as United States President Donald Trump has “shaken the transatlantic relationship to its foundation”, EU top diplomat Kaja Kallas said on Wednesday. “Let me be clear: we want strong transatlantic ties. The US will remain Europe’s partner and ally. But Europe […]

India seeks to keep US trade talks on track despite tariff hike
featured Finance

Trump announces tariff hike on South Korean imports

President Donald Trump said on Monday that the United States will raise tariffs on imports from South Korea, citing the failure of the country’s National Assembly to ratify a trade framework unveiled last year. In a social media post, Trump said duties would increase on South Korean automobiles, lumber and pharmaceutical products, while tariffs on […]

World

Trump’s WHO exit takes effect after one-year notice period

The United States’ withdrawal from the World Health Organisation officially took effect on Thursday, exactly one year after President Donald Trump ordered the country to pull out of the global health body. Under the terms governing WHO membership, a withdrawal becomes effective after a mandatory one-year notice period, which expired today following the executive order […]

Opinion

Trump blasts UK Chagos handover as ‘great stupidity’

United States President Donald Trump accused the United Kingdom on Tuesday of “great stupidity” for agreeing to hand the Chagos Islands in the Indian Ocean to Mauritius. “The UK giving away extremely important land is an act of GREAT STUPIDITY, and is another in a very long line of National Security reasons why Greenland has […]

Investment

China confirms invitation to join Trump’s ‘Board of Peace’

Beijing has confirmed that China has received an invitation to join United States President Donald Trump’s “Board of Peace”. “China has received the United States’ invitation,” foreign ministry spokesman Guo Jiakun said at a regular news briefing, without indicating whether Beijing would accept. The board was initially proposed to oversee the reconstruction of war-torn Gaza, […]

Nigeria excluded as Trump hosts African leaders in Washington
Business

Trump threatens 200% tariffs on French wine

United States President Donald Trump on Tuesday threatened to levy 200 per cent tariffs on French wines and champagne, following reports that French President Emmanuel Macron was reluctant to join his “Board of Peace” on Gaza. Asked for a reaction to Macron’s position by a reporter in Miami, Trump downplayed the French leader’s influence and […]

Nigeria excluded as Trump hosts African leaders in Washington
Business

EU’s auto industry faces market shock over Trump’s Greenland tariffs

Shares of major European carmakers dropped sharply on Monday morning after United States President Donald Trump announced plans to impose tariffs on several European countries over Greenland. Europe’s Stoxx Automobiles and Parts index was down about two per cent at 8:41 a.m. London time (3:41 a.m. ET). Germany’s Volkswagen, BMW, and Mercedes-Benz Group saw early […]

Trump Media to raise $2.5bn for bitcoin investment
Economy featured

European leaders unite against Trump’s Greenland tariff threat

European leaders on Sunday strongly criticised United States President Donald Trump’s threat to impose tariffs on several countries because of their opposition to his desire to acquire Greenland. Several European nations, including Denmark which holds sovereignty over Greenland as an autonomous territory, declared that they “stand united” against Trump’s demand. “Tariff threats undermine transatlantic relations […]