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Tag: Donald Trump

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 signals tariff reduction to secure TikTok sale
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 […]

Trump to slash US tariffs on China 'substantially'
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 […]

News

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 […]

Trump to slash US tariffs on China 'substantially'
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. […]

News

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. […]

Trump’s crypto coin surges to $9bn market cap ahead of inauguration
News

Trump withdraws US from global corporate tax agreement

President Donald Trump on Monday issued a memorandum declaring that the global corporate minimum tax agreement, negotiated by the Biden administration with nearly 140 countries in 2021, would have “no force or effect” in the United States. In doing so, Trump effectively withdrew the U.S. from the landmark deal. The memorandum also directed the U.S. […]

Trump’s crypto coin surges to $9bn market cap ahead of inauguration
News

Bezos, Zuckerberg, Pichai join Trump at Inauguration

A group of tech billionaires and influential figures in Donald Trump’s orbit gathered for his inaugural celebrations, which kicked off with a church service on Monday morning. Among those seen taking prominent seats at St. John’s Church were Amazon founder Jeff Bezos, Meta CEO Mark Zuckerberg, Apple CEO Tim Cook, and Google CEO Sundar Pichai. […]

Trump’s crypto coin surges to $9bn market cap ahead of inauguration
News

Trump’s crypto coin surges to $9bn market cap ahead of inauguration

Donald Trump’s newly launched cryptocurrency, $TRUMP, soared to unprecedented heights on Monday, reaching a market capitalization of $9.2 billion just hours before the U.S. President-elect’s return to the White House. The meme coin surged 73% during Asian trading hours, hitting $46.06, with a staggering 24-hour trading volume of $42.2 billion, according to CoinMarketCap. The digital […]

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

Trump lunches cryptocurrency before White House return

United States President-elect, Donald Trump has launched his own cryptocurrency, $Trump, which quickly surged in market capitalization to several billion dollars. The release of the meme coin comes just as he prepares to take office on Monday as the 47th president of the US. The venture was coordinated by CIC Digital LLC, an affiliate of […]

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

Trump announces $20bn foreign investment to build US data centers

President-elect Donald Trump announced a $20 billion foreign investment to build new data centers across the U.S. on Tuesday. Emirati billionaire Hussain Sajwani, a Trump associate and founder of DAMAC Properties, pledged “at least” that amount during the announcement at Mar-a-Lago. “They may go double, or even somewhat more than double, that amount of money,” […]

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