Donald Trump

April 3, 2025 11:10 AM

US tariffs to vary by goods and country of origin: GTRI

The United States’ new trade policy, announced by President Donald Trump on Wednesday, will determine tariffs based on the type of goods being exported and their country of origin, according to Ajay Srivastava, founder of the Global Trade Research Initiative (GTRI). Under the new policy, certain goods will be exempt from tariffs. Essential and strategic items such as pharmaceuticals, semiconductors, copper, and energy products—including oil, gas, coal, and liquefied natural gas (LNG)—will...

April 3, 2025 9:29 AM

Global stocks slump as US tariffs hit tech hardest

Stocks dived and investors scrambled to the safety of bonds, gold and the yen on Thursday as U.S. President Donald Trump unveiled a bigger-than-expected wall of tariffs around the world's largest economy, upending trade and supply chains. The high-flying tech sector was pummelled as manufacturing hubs in China and Taiwan faced new tariffs above 30%, bringing the total new levy to an eye-watering 54% on imports from China. "The U.S. effective tariff rate on all imports look to be the highest le...

April 3, 2025 9:00 AM

Trump’s sweeping import tariffs amp up global trade war

President Donald Trump's decision to slap a 10% tariff on most goods imported to the United States, as well as higher duties on dozens of countries from rivals to allies, has intensified a global trade war that threatens to stoke inflation and stall growth. The sweeping duties announced against the serene backdrop of the White House Rose Garden on Wednesday immediately unleashed turbulence across world markets and drew condemnation from other leaders now faced with the end of decades of tra...

April 2, 2025 9:29 AM

Democratic US Senator Booker takes on Trump in record-breaking speech

Democratic U.S. Senator Cory Booker accused President Donald Trump of "recklessly" challenging the nation's democratic institutions in a marathon speech that broke a nearly seven-decade record on Tuesday for length. The 55-year-old New Jersey lawmaker, in a speech that began at 7 p.m. ET on Monday and went on for 25 hours and five minutes, criticized the crusade by the Republican president and his billionaire top adviser Elon Musk to slash large swaths of the federal government. "Our instituti...

April 2, 2025 9:10 AM

White House says Trump will go ahead with tariffs as nervous world awaits trade war

The White House confirmed on Tuesday that President Donald Trump will impose new tariffs on Wednesday, though it provided no details about the size and scope of trade barriers that have businesses, consumers and investors fretting about an intensifying global trade war. Trump has for weeks trumpeted April 2 as a "Liberation Day" that will see dramatic new duties that could upend the global trade system, with a White House Rose Garden announcement scheduled for 4 p.m. Eastern Time (2000 GMT)....

April 1, 2025 9:01 AM

Global stocks stabilise, gold hits record as Trump prepares to unveil reciprocal tariffs

Asian equities rose on Tuesday following Wall Street's overnight gains, while gold hit an all-time peak and Treasury yields fell as markets awaited details of U.S. President Donald Trump's reciprocal tariffs. The Japanese yen strengthened as traditional haven assets drew demand. Meanwhile, the risk-sensitive Australian dollar was under pressure after a soft reading of local retail sales, ahead of a Reserve Bank of Australia policy decision later in the day. Regional stocks found some respite o...

March 27, 2025 9:59 AM

Trump announces 25% tariffs on imported cars

U.S. President Donald Trump on Wednesday unveiled a 25% tariff on imported cars and light trucks starting next week, widening the global trade war he kicked off upon regaining the White House this year in a move auto industry experts expect will drive up prices and stymie production. "What we're going to be doing is a 25% tariff for all cars that are not made in the United States," Trump said at an event in the Oval Office. Trump, who sees tariffs as a tool to raise revenue to offset his p...

March 25, 2025 9:17 AM

Trump’s 25% tariff threat on Venezuela oil imports could impact India

US President Donald Trump’s threat to impose a 25% tariff on exports from countries purchasing oil from Venezuela could have serious implications for India, which is already bracing for potential reciprocal US taxes next month. Trump announced on Truth Social on Monday that any country “that purchases Oil and/or Gas from Venezuela will be forced to pay a Tariff of 25 per cent to the United States on any Trade they do with our Country.” India, which imported 63,115 barrels per day (bpd) f...

March 21, 2025 10:43 AM

French scientist denied entry into the U.S., French government says

A French scientist has been denied entry into the United States, apparently because the scientist had expressed a personal opinion on the Trump administration's research policy, the French Education Ministry said on Thursday. "I learned with concern that a French researcher on assignment for the French National Center for Scientific Research (CNRS) who was traveling to a conference near Houston was denied entry to the United States before being expelled," Minister for Higher Education and Resea...

March 20, 2025 10:19 AM

Trump, Zelenskiy pledge in phone call to work for end to war in Ukraine

U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy agreed on Wednesday to work together to end Russia's war with Ukraine, in what the White House described as a "fantastic" one-hour phone call. In their first conversation since an Oval Office shouting match on February 28, Zelenskiy thanked Trump for U.S. support and the two leaders agreed that technical teams would meet in Saudi Arabia in the coming days. Zelenskiy asked Trump for more air defence support to protect his c...