Tag: Donald Trump

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

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 to spend $1bn on offensive cyber operations
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 […]

News

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 […]