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Business News›Magazines›Panache›Panache People 101›Donald Trump
    Donald Trump

    Donald Trump

    45th President, United States
    Birth DetailsJune 14, 1946 | New York City, United States
    NationalityAmerican
    LeaguePolitician
    EducationWharton School of Finance, University of Pennsylvania
    Net Worth$2.97 billion (as of February 18, 2020)
    Donald Trump's Journey so far ...
    • Beginning as a summer-time engagement while attending college, Donald J. Trump started working full-time with father Fred Trump in his real estate company, Elizabeth Trump & Son, after graduating
    • In 1971, Trump took control of the organisation, then majorly into residential projects development and rental in New York City’s outer boroughs, and eventually renamed it the Trump Organization
    • He became the president of the organization in 1974 and his focus was on entering the luxury real estate market
    • In 1976, his company purchased the run-down Commodore Hotel which was renovated and reopened in 1980 as the 1,400- bed Grand Hyatt Hotel. This project made his name as a high-end Manhattan developer
    • Success followed with the 1983 opening of the Trump Tower, the Fifth Avenue high- rise which later became his residence as well as the Trump Organization headquarters
    • During the ‘80s, he developed several other upscale buildings in New York City including Trump Plaza, Trump Parc, etc. and acquired the iconic Plaza Hotel and later diversified into casinos and resorts
    • As per Forbes, Donald Trump was worth $1.5 billion in 1989
    • The following decade began with a downturn owing to a recession in the real estate market. Many of his casinos and real estate projects including the Trump Taj Mahal, Trump Castle and the Plaza Hotel filed for bankruptcy between 1991 and 1992. Trouble continued with the businesses well until the end of the next decade
    • In 1996, Trump, in partnership with the television network NBC, became the producer of the Miss Universe, Miss USA and Miss Teen USA beauty pageants
    • His real estate business revived towards the end of the ‘90s with the help of Deutsche Bank, and he developed projects such as the Trump World Tower and the Trump International Hotel and Tower
    • In 2004, he produced and premiered in the reality tv series The Apprentice which was later revamped as The Celebrity Apprentice in 2008
    • He started many businesses in various verticals and invested intensively in real estate in the years to come. Today, his company has real estate holdings across the globe and their buildings are synonymous with luxury and extravagance
    • On June 16, 2015, he announced that he would be running for president while addressing a congregation in the Trump Tower of New York
    • In May 2016, he became the Republican party nominee for the upcoming presidential election
    • He was elected as the US president on November 8, 2016, beating Hillary Clinton representing the Democratic party
    • On January 20, 2017, Donald Trump took oath as the 45th president of the United States
    • He lost the US Presidential elections to the Democratic candidate Joe Biden in 2020

    Before you go ...
    • Donald Trump is the first billionaire to be elected to the White House
    • In 2007, he was given a star in the Hollywood Walk of Fame
    • Trump has authored several books including the 1987 bestseller The Art of the Deal, Why We Want You to Be Rich and The Way to Success


    Last Updated: 15/02/2021

    Donald Trump News

    • Following tariff-induced cancellations, China-based shipping agents are resuming container space purchases for U.S.-bound goods as trade talks loom. U.S. retailers, facing potential empty shelves due to inventory depletion, are restarting shipments despite existing tariffs. While optimism for tariff reduction grows, some experts caution that a swift resolution to the trade war remains unlikely.
    • Donald Trump also used tariff threats to renegotiate the North American Free Trade Agreement, resulting in the USMCA in 2020.
    • Kugelman pointed out the change in the Trump administration's foreign policy and recalled how the administration during the 2019 crisis engaged between India and Pakistan.
    • The US Consumer Financial Protection Bureau (CFPB) has dropped its bid to supervise Google Payment Corp, prompting Google to withdraw its related lawsuit. The CFPB's Trump-appointed director called the oversight unnecessary. Google argued the regulator targeted a discontinued product that posed no risk, welcoming the decision as “common-sense.”
    • By midday, bitcoin was trading at $101,402.19, a 4.8% gain on the day. The world's biggest cryptocurrency has clawed its way back into positive territory for the year, although it remains off the all-time high above $109,000 reached in January.
    • Cardinal Robert Prevost of Chicago becomes Pope Leo XIV. He is the first American to lead the Catholic Church. The selection marks a significant moment. Political figures like Donald Trump and Joe Biden react. Trump expresses excitement to meet Pope Leo XIV. Despite past criticisms, leaders offer congratulations. The event sparks discussions on unity and hope.
    • Donald Trump is again targeting CBS, this time over an Emmy nomination for 60 Minutes' interview with Kamala Harris. Trump, already suing CBS for $20 billion, alleges the network manipulated the interview to make Harris appear more coherent, calling it election interference. CBS denies the allegations, having released the full transcript of the interview.
    • President Donald Trump on Thursday reduced taxes on handmade UK luxury cars like Rolls-Royce, saying they are rare and don’t compete with U.S. cars. The UK will also lower some U.S. taxes.
    • Britain will retain its 2% digital services tax on tech giants like Amazon and Google, despite a new UK-US trade deal. While the tax remains unchanged, both nations aim to ease digital trade barriers, boosting UK firms’ access to the vast US market.
    • Indian stock indices closed lower Thursday amid India-Pakistan tensions and weak global cues. Sensex fell 412 pts; Nifty dropped 141 pts on profit booking and geopolitical concerns.
    • The European Commission proposed countermeasures on up to 95 billion euros of U.S. imports if negotiations fail to remove U.S. tariffs. These measures target U.S. goods like wine, aircraft, and chemicals. The EU prefers a negotiated solution but prepares retaliatory responses for July, potentially escalating trade tensions.
    • The European Commission published a provisional list of US goods that could "become subject to EU countermeasures", it said, if talks between Brussels and Washington do not result in "a mutually beneficial outcome and the removal of the US tariffs".
    • The EU said Thursday it will file a complaint with the World Trade Organization over US President Donald Trump's imposition of swingeing tariffs on European goods. "The EU will also launch a WTO dispute against the US on its universal so-called 'reciprocal' tariffs and tariffs on cars and car parts, by formally lodging a request for consultations," the European Commission said in a statement.
    • While a fourth federal stimulus check in 2025 is unlikely, with the deadline to claim the Recovery Rebate Credit already passed, some states are initiating their own relief programs. President Trump has proposed a "DOGE Dividend," but its feasibility is uncertain. Taxpayers should focus on filing accurately and exploring potential state-level assistance for financial relief.
    • US, China trade talks: Donald Trump plans to discuss Jimmy Lai's case during trade negotiations with China. This move could potentially strain relations between the two countries. Jimmy Lai, a Hong Kong media tycoon and pro-democracy advocate, faces national security charges. He is accused of colluding with foreign forces. A verdict in his case is expected soon.
    • European shares climbed on Thursday after U.S. President Donald Trump signalled progress toward a first trade deal in his global tariff dispute, boosting market sentiment.
    • Bitcoin is nearing the $100,000 milestone, buoyed by the Federal Reserve's decision to hold steady interest rates, signaling economic confidence. This move, coupled with potential trade deal announcements, has fueled market optimism. Bitcoin ETFs are seeing record inflows, solidifying its status as a mainstream investment, while other cryptocurrencies also experience gains.
    • Russian President Vladimir Putin's order for a three-day truce with Ukraine took effect Thursday. This move, the Kremlin, said would test Kyiv's readiness for peace but that Ukraine has slammed as a farce. The Kremlin has said Russian forces will honour Putin's order for the duration of the holiday period, but will respond "immediately" if attacked.
    • The Trump administration plans to revise a Biden-era regulation on AI chip exports, deeming it overly complex and a hindrance to American innovation. The proposed changes aim to simplify the rules, potentially replacing the tiered system with a global licensing regime. This move could impact companies like Nvidia and reshape the landscape of AI technology access worldwide.
    • WestJet Airlines is suspending nine US routes due to a significant decline in demand, attributed to political tensions and reluctance among Canadians to travel to the United States. Air Canada has also reported a slowdown in US flight bookings, redirecting its focus toward expanding services to Latin America, Mexico, and the Caribbean.
    • Following Indian military strikes on terror targets in PoK and Pakistan's Punjab province, a top US military commander stated that the US is closely monitoring the situation. This response follows India's Operation Sindoor, a retaliation for the April 22 terror attack.
    • Donald Trump is expected to announce a trade deal with the United Kingdom on Thursday, according to US media reports. Trump teased a "major" upcoming agreement on social media, stating it would be the "first of many." This announcement follows recent US tariff impositions and Britain's efforts to bolster trade ties post-Brexit, including a recent deal with India.
    • Alberta's Premier, Danielle Smith, has chosen Nathan Cooper for a key US role. Cooper, the current legislative speaker, will represent Alberta in Washington. This is important due to trade tensions and separatist feelings. Cooper aims to strengthen ties with the US. He will address trade issues and promote Alberta's energy sector. His appointment has bipartisan support.
    • President Trump announced that the 145% tariffs on Chinese imports will remain in place as US and Chinese officials prepare for trade talks in Switzerland. He refuted claims that the US initiated the talks and stated the US is no longer facing massive trade losses. Federal Reserve Chair Jerome Powell noted the trade talks' potential impact on the US economy.
    • President Trump announced an Oval Office news conference on Thursday at 10 a.m. EDT to unveil a significant trade deal with a "big, and highly respected, country." This announcement follows a period of intense trade negotiations and tariff implementations, including levies on various countries and commodities.
    • In a notice sent to dealers, Ford has informed that the prices for some of its models are being increased by up to $2,000. A spokesperson said the latest increase in prices was due to "usual" mid-year pricing actions along with the tariffs that the company faces.
    • Houthis clarified that the ceasefire with the US will not extend to Israel. Mohammed Abdulsalam stated their position is self-defense. Israeli strikes in Gaza resulted in numerous fatalities. At least 92 people died, including women, children, and a journalist. Israel approved a plan to intensify operations in Gaza. The recent violence follows this decision.
    • OpenAI on Wednesday announced an initiative to help countries build their own artificial intelligence (AI) infrastructures, with the US government a partner in projects. The OpenAI for Countries initiative was launched under the auspices of a Stargate drive announced by US President Donald Trump to invest up to $500 billion in AI infrastructure in the United States.
    • Donald Trump's second term began with historically low approval ratings. A recent poll indicated only 39% of Americans approved of his performance. Most Americans foresaw a recession due to Trump's economic policies. Tariffs and rising prices raised alarm among the public. Skepticism extended beyond the economy, with concerns about overstepping presidential power. Strong support for Trump was fading away.
    • JD Vance, the US Vice President, softened his stance on Europe. He highlighted the importance of the European alliance. Vance acknowledged the strong friendship between the US and Europe. He emphasized the linked nature of European and American civilizations. Vance dismissed the idea of dividing the United States and Europe.
    • Canada's trade dynamics shifted dramatically in March 2025, with exports to the US declining amid rising tensions and new tariffs. Simultaneously, exports to other countries surged, driven by increased shipments of crude oil and gold. Political tensions escalated as Prime Minister Carney refuted President Trump's suggestion of Canada becoming a US state, highlighting the need for economic diversification.
    • Canadian Prime Minister Mark Carney met US President Donald Trump in the White House. The Canadian premier said he had asked Trump to stop referring to Canada as a part of the United States. Several expressions of Mark Carney's expressions from the meeting has gone viral on social media, creating a buzz.
    • US Federal Reserve, Trump tariff, donald trump, markets news, stock market news, US Fed.
    • A pivotal U.S.-China trade meeting in Switzerland is being viewed as a potential breakthrough in efforts to de-escalate economic tensions between the two nations.
    • An appeals court grappled with the Trump administration's stance on First Amendment protections for international students facing deportation due to campus unrest related to the Gaza Strip. The government lawyer declined to comment on whether the students' speech is constitutionally protected, focusing instead on procedural issues.
    • After 19 months of conflict, the Israel-Hamas war persists due to irreconcilable demands. Israel aims to dismantle Hamas, while Hamas seeks a full Israeli withdrawal and end to the war. Political factors, including Netanyahu's coalition and Trump's support, further complicate prospects for resolution, prolonging the bloodshed and humanitarian crisis in Gaza.
    • Donald Trump's meetings with Volodymyr Zelenskyy and Mark Carney showed contrasting approaches. Trump confronted Zelenskyy openly, reflecting Ukraine's dependence on US aid. The meeting with Carney displayed restraint, though Trump dominated the conversation. Carney stood his ground when Trump joked about Canada becoming a US state. The interactions highlighted Trump's perception of vulnerability versus resistance in international relations.
    • Canadians are increasingly concerned about rising food prices, impacting their shopping habits. A recent survey reveals that many are buying less food and expect further price increases. To cope, consumers are shifting towards store brands, bulk purchases, and, notably, local food options, with a growing preference for independent grocery stores to manage their budgets effectively.
    • Following a deadly attack in Kashmir, India launched strikes against Pakistan, prompting retaliatory actions. Global leaders, including U.S. President Trump and U.N. Secretary-General Guterres, have expressed concern and urged restraint. Japan has also condemned the initial terrorist act and called for dialogue to de-escalate the situation and ensure regional stability.
    • Social media is buzzing ahead of the Vatican conclave to elect a new pope after Pope Francis's death. Young people are especially engaged, drawn to the ceremony's secrecy and spectacle. Online games, viral videos, and digital-savvy cardinals have turned the event into a global cultural and digital phenomenon.
    • President Trump is reportedly planning to announce during his upcoming trip to Saudi Arabia that the U.S. will officially refer to the Persian Gulf as the Arabian Gulf or the Gulf of Arabia. This decision follows pressure from Arab nations and contrasts with Iran's historical claim to the name.
    • Mark Carney met Donald Trump in Washington. Carney stood firm that Canada's sovereignty is non-negotiable. Trump wants a closer US-Canada relationship. He reiterated his stance on tariffs. Carney asked Trump to stop calling Canada "the 51st state". Discussions included trade, military cooperation, and the USMCA. Carney will continue to push for tariff removal.
    • President Trump announced that India has agreed to eliminate its high tariffs, a move he attributes to his negotiation skills. He emphasized that India would not have made such an agreement with anyone else. Trump also outlined his vision for trade relations, suggesting countries will pay for the privilege of accessing the US market.
    • The U.S. Supreme Court allowed the Trump administration to implement its ban on transgender personnel in the military, potentially discharging thousands. This decision lifts a federal judge's order blocking the ban while a legal challenge proceeds. Trump's policy casts transgender identity negatively, reversing a prior policy allowing open service, and faces ongoing legal battles and cultural debates over transgender rights.
    • Donald Trump announced that Yemen's Huthis have agreed to cease attacks on shipping, a move the former president claims will be honored by halting US bombings. According to Trump, the Huthis have capitulated and pledged to stop targeting ships, a key objective of US actions.
    • Canada is the top export destination for 36 US states. Canada is one of the most trade-dependent countries in the world, and 77 per cent of Canada's exports go to the US
    • In a tense meeting, Canadian Prime Minister Mark Carney confronted U.S. President Donald Trump over tariffs and annexation threats. Trump suggested Canada become the 51st state, a proposal Carney firmly rejected, asserting Canada is not for sale. Trump's pre-meeting social media posts criticized Canada, claiming the U.S. subsidizes its northern neighbor, despite economic data showing U.S. reliance on Canadian goods.
    • President Trump announced that China is eager to negotiate a trade deal to resolve tariff disputes, and he suggested potential renegotiations of the United States-Mexico-Canada Agreement at an appropriate time.
    • Indian indices closed lower on Tuesday, with Sensex down 156 points and Nifty slipping 82 points, as losses in financial and pharma stocks offset select heavyweight gains.
    • Alberta Premier Danielle Smith's January visit to Mar-a-Lago to meet then-president-elect Donald Trump has sparked controversy, costing over $10,000. The trip, which included three other officials, involved a detour from a vacation in Punta Cana. Smith defended the meeting as constructive, focusing on the US-Canada energy relationship amid brewing tensions between the two countries.
    • Wall Street indexes declined at the opening. This is due to President Trump's tariff plans and weak corporate earnings. The Federal Reserve is meeting amid inflation and employment worries. Ford expects a $1.5 billion tariff hit. Clorox also lowered its forecast. DoorDash is acquiring Deliveroo. China's markets rose after holidays, despite trade war concerns.
    • The overall trade gap of the world's largest economy jumped 14.0 percent to $140.5 billion, the Commerce Department said in a statement. This was the widest deficit for a month on record, dating back to 1992.
    • Trump said in remarks airing Sunday that he does not know whether he must uphold the US Constitution, the nation's founding legal document. In a wide-ranging NBC News interview, the 78-year-old Republican also said he was not seriously considering running for a constitutionally-barred third White House term, and blamed his presidential predecessor Joe Biden for the "bad parts" of the current economy.
    • An Israeli plan to seize Gaza has sparked alarm, exacerbating the suffering of Palestinians already devastated by months of conflict. Families of Israeli hostages fear a ceasefire is slipping away as the military prepares to expand operations. With dwindling resources and aid, hunger looms large, raising concerns about starvation, especially among children, as the conflict intensifies.
    • President Donald Trump has halted biological research funding to adversaries such as China and Iran because of concerns COVID-19 originated in a Chinese lab. His executive order dealing with a type of biomedical research comes at a time of heightened tensions with China over tariffs. Trump's order names China as a 'country of concern'.
    • Canadian Prime Minister Mark Carney arrived in Washington for high-stakes talks with President Trump, amidst escalating trade tensions and Trump's aggressive rhetoric. Carney aims to defend Canada's sovereignty and economic independence, challenging Trump's stance. The meeting follows retaliatory tariffs and threats, with potential implications for Canada's film industry and the overall Canada-US relationship.
    • US House Speaker Mike Johnson affirmed strong US support for India in combating terrorism, recognizing India as a vital partner. He expressed optimism about ongoing trade negotiations. Following the Pahalgam attack, the US reiterated its commitment, with Secretary of State Rubio encouraging de-escalation with Pakistan.
    • Amidst US tariff pressures, Japan navigates a complex relationship with China, balancing economic opportunities with historical tensions and security alliances. While seeking tariff resolutions with Washington, Japan engages with Beijing, signaling a pragmatic approach to regional stability. Simultaneously, Japan strengthens ties with Southeast Asian nations, competing with China for influence in the face of evolving trade dynamics and US policies.
    • New York City and the MTA are fighting the Trump administration's efforts to block Manhattan's congestion pricing program, citing significant reductions in traffic and improved travel times since its implementation. The city and state seek court orders to prevent the USDOT from withholding approvals and funding, arguing the program is crucial for mass transit improvements.
    • The US Congress is working on Donald Trump's bill. It includes tax cuts and spending changes. Funding will increase for border security and defense. Republicans aim to pass it by Memorial Day. The bill faces hurdles in committees. It will then go to the Senate. Democrats oppose the 'extreme Republican agenda'. The bill covers immigration, defense, student loans, and energy.
    • Donald Trump plans to impose tariffs on foreign films. This decision impacts film industries globally. Canada's film sector, especially in Toronto and Vancouver, faces uncertainty. The proposed tariffs aim to boost Hollywood. Canadian film professionals express concern. The move could disrupt media production on both sides of the Canada-US border. The coming weeks are critical for Canada's film industry.
    • US Defense Secretary Pete Hegseth directs a significant cut in the military's top ranks. He orders a 20% reduction in four-star officers. National Guard general officer positions will also decrease. Hegseth aims to enhance strategic readiness. Senator Jack Reed expresses skepticism. He cites Hegseth's history of dismissals. The Pentagon is reviewing its global footprint. Potential command mergers are under consideration.
    • The White House on Monday said a conclusive decision on President Donald Trump's proposed tariffs targeting films made outside the US was yet to be taken. Here’s a look at some of the most recent and successful American-made films that were filmed outside the US.
    • U.S. President Donald Trump is making a bold foray into the crypto space this May with two high-profile, crypto-focused fundraising events. The 'Crypto & AI Innovators Dinner' on May 5 and the $TRUMP token gala dinner on May 22 are two key events that Donald Trump is focusing on this month.
    • The Trump administration has not taken a final call on imposing foreign film tariffs but is considering all possibilities to meet the president’s directive on Hollywood. A White House spokesperson confirmed the ongoing review on Monday, indicating that tariff plans are still under discussion and no conclusive decision has been made.
    • The United States services sector saw growth in April. Orders increased, pushing up prices for materials. This signals rising inflation due to tariffs. The Institute for Supply Management reported an increase in its nonmanufacturing purchasing managers index. The survey suggests the economy is not near recession. Businesses tried to avoid higher prices from tariffs.
    • Wall Street's main indexes opened lower on Monday after President Donald Trump rekindled worries about the ramifications of a global trade war by introducing new tariffs, while focus remained on the Fed's monetary policy decision later this week.
    • Stephen Miller could soon become Trump’s new National Security Adviser after the firing of Mike Waltz in the wake of the “Signalgate” scandal. Known for his hardline immigration stance, Miller is now being considered for one of the top security roles in the U.S. government. His controversial past, including pushing the Muslim ban and family separation policy, is raising concerns across civil rights groups. With Trump backing him and ongoing plans for mass deportation, this possible appointment could reshape national security and immigration policies in major ways. Read the full story to see what’s at stake next.
    • US President Donald Trump went off on a Wall Street Journal reporter aboard Air Force One this weekend, claiming that the legacy news outlet was "rotten" and "China-oriented." Trump lost his temper when the reporter asked about his US efforts to broker a deal between Russia and Ukraine. A video of the confrontation has gone viral online.
    • Canada faces internal division. A poll shows Albertans divided on remaining in Canada. Some want independence or joining the United States. Alberta's premier introduced a bill to challenge federal laws. This stems from grievances over policies affecting Alberta's oil sector. Quebec's separatist history adds complexity. The US President's remarks about annexing Canada have sparked debate.
    • The White House's Star Wars Day post featuring Trump with a red lightsaber backfired, drawing criticism for associating him with the villainous Sith Lords. This followed an AI-generated image of Trump as the Pope that also faced backlash. Adding to the controversy, Trump announced a proposed 100% tariff on all foreign-made films, citing national security concerns.
    • Donald Trump attributed the US economy's positive aspects to his policies, while blaming Joe Biden for the negative ones. He acknowledged responsibility but highlighted his short tenure. Despite economic concerns, Trump anticipates a significant boom, particularly regarding trade with China, where he foresees eventual tariff reductions. He also suggested the Federal Reserve should lower interest rates.
    • Australia and New Zealand have pledged to strongly defend their film industries following U.S. President Donald Trump's announcement of a proposed 100% tariff on movies produced outside the United States. Both countries are awaiting further details, with Australia's home affairs minister confirming unequivocal support for the Australian screen industry.
    • President Trump stated the U.S. is actively engaging with numerous countries, including China, to negotiate trade agreements, with securing a fair deal with China as the top priority. While no talks with President Xi are planned this week, U.S. officials are in communication with their Chinese counterparts.
    • President Trump stated that annexing Canada is "highly unlikely," yet he persists in advocating for Canada to become the 51st state, alleging unsubstantiated subsidies. This declaration precedes a meeting with Canadian Prime Minister Mark Carney amidst an ongoing trade dispute marked by tariffs and retaliatory measures. Carney firmly opposes annexation and demands fair trade practices from the U.S.
    • An unofficial version of Signal, TeleMessage, used by Mike Waltz, Donald Trump's former National Security Adviser, has reportedly been hacked. The breach raises concerns about the security of communications at high levels of the U.S. government. A hacker claimed to have accessed TeleMessage's backend, potentially intercepting user messages, though Waltz's messages were not confirmed to be among them.
    • Donald Trump proposed sending American troops to Mexico to fight drug cartels. Claudia Sheinbaum declined the offer, emphasizing Mexico's sovereignty. Sheinbaum stated that Mexico would never accept U.S. military presence. Trump expressed disappointment, suggesting Sheinbaum feared the cartels. Discussions between the leaders have included security, trade, and immigration. The U.S. has urged Mexico to intensify efforts against drug trafficking.
    • The official White House X and Instagram accounts shared an AI-generated image of Donald Trump as a Jedi on Star Wars Day. The post labeled Trump’s political rivals as “Sith Lords.” It drew attention due to the use of a red lightsaber, typically associated with the dark side in Star Wars.
    • The future output index fell to the lowest level since October 2022 and has slid 4.5 points since President Donald Trump was elected in November. A gauge of factory output prices edged up to the highest since March 2023, according to the report. Input prices held steady in April but at a level considerably higher on average than in the prior two years.
    • Donald Trump's first 100 days were met with a US GDP contraction, defying growth expectations. This downturn, partly due to increased imports anticipating tariffs, raises concerns about a potential recession. Experts disagree on the long-term impact, but Trump's trade policies and global economic shifts pose challenges for India's growth prospects, requiring careful policy adjustments.
    • Trump said he had a "sweet spot" for the app after it helped him win over young voters in the 2024 presidential election, adding, "TikTok is - it's very interesting, but it will be protected." One source close to ByteDance's US investors said last month that work on the prospective deal continues ahead of the June 19 deadline, but the White House and Beijing would need to resolve the tariff dispute first.
    • Ahead of the visit, the United States on Friday approved a $3.5 billion sale of missiles to Saudi Arabia. Trump has boasted of securing major commercial deals from oil-rich Saudi Arabia, which has also been a key go-between for US diplomacy on Russia and Ukraine.
    • Former Vice President Kamala Harris made her first major public appearance since losing the 2024 presidential election at Emerge America's 20th anniversary event in San Francisco. She sharply criticized Donald Trump’s early policies, warning of rising economic and social risks. While her speech drew political attention, a backstage video of Harris dancing with TikTok creator Kenneth Walden to the viral song “Boots on the Ground” went viral online. The clip sparked mixed reactions, ranging from praise to criticism.
    • The US Federal Reserve is anticipated to maintain its pause on interest rate cuts, closely monitoring the economic impact of President Trump's tariff policies. Economists are wary of potential inflationary pressures and slower growth due to these tariffs, which could prolong the Fed's cautious approach.
    • President Trump's second administration is employing the term "communist" to label opponents, a strategy he used successfully against Kamala Harris. Despite communism's limited presence in the U.S., the term carries emotional weight, particularly among older voters. Trump's rhetoric coincides with unfavourable economic news, while aides like Stephen Miller use the term to denounce policies on transgender issues, diversity, and immigration.
    • Marjorie Taylor Greene, a prominent Trump supporter, has publicly criticized the Trump administration, expressing frustration that it's losing touch with its base. Greene cited the administration's handling of foreign wars, particularly regarding Iran and Ukraine, and its stance on the COVID-19 vaccine as key issues. She warned that her discontent reflects a broader dissatisfaction within the MAGA movement.
    • Donald Trump has again pressured Federal Reserve Chairman Jerome Powell. This followed the release of positive US jobs growth data. Trump believes the Fed should lower interest rates. Strong jobs numbers have fueled speculation about potential Fed rate cuts. However, the Fed paused cuts in 2025 due to inflation risks. Consumer confidence has dropped significantly this year.
    • Peter Dutton of the Liberal Party had planned to unseat the Labor from power in Australian federal election 2025. But the incumbent Prime Minister Anthony Albanese was up to the challenge. With a strong campaign centred around reducing the cost of living, taming inflation, a better health care system and a tough stand against Trump's tariff war, Albanese swung the election in his favour.
    • Owning a car in Canada is becoming expensive. The average cost is now over $5,497 annually. Ontario residents pay the most. Factors like fuel, maintenance, and depreciation contribute to the high cost. US tariffs on steel and aluminum have further increased car prices. The Canadian government has a plan to help the auto sector.
    • Harvard students weave through tree-lined streets and redbrick campus buildings, the most prestigious university in the United States is bracing for an "assault" by President Donald Trump. Since returning to the White House, Trump has targeted prestigious universities, alleging anti-Semitism and liberal bias -- with Harvard a primary quarry.
    • Nomura's report suggests that increased US tariffs on Chinese imports could benefit Indian auto part manufacturers as global automakers seek alternative suppliers. While the US-China trade tensions may negatively impact US demand and Indian discretionary consumption, India's ongoing negotiations for a bilateral trade agreement with the US could improve its competitive position by 2025.
    • The Trump administration issued termination notices to National Institute for Occupational Safety and Health (NIOSH) employees, impacting worker health and safety programs for coal miners and firefighters. Despite appeals from Senator Capito, the move aims to reshape the Department of Health and Human Services workforce.
    • President Trump acknowledged the U.S. economy is in a "transition period," expressing optimism for future performance despite concerns about a potential short-term recession. He cited strong employment figures and reiterated his call for the Federal Reserve to lower interest rates.
    • Arvind Panagariya, Chairman of the 16th Finance Commission, believes India will emerge stronger from current tariff uncertainties. A bilateral trade deal with the US would significantly benefit India's global trade position, especially with the US seeking to reduce reliance on China.
    • Manufacturing activity in Asia contracted in April, impacted by weaker demand and Trump's tariffs, particularly affecting South Korea and Taiwan. While Southeast Asia also experienced a slowdown, India and the Philippines showed expansion.
    • Australia's upcoming elections see a shift in voter focus. Previously favored Liberals now face challenges. Public concern grows over leaders' ties with Donald Trump. Peter Dutton's alignment with the former US President raises questions. Trust in the US hits a record low among Australians. The Labor Party, led by Anthony Albanese, gains ground amid these concerns.
    • Laura Loomer, a far-right activist, claims responsibility for the removal of Mike Waltz and Alex Wong from the National Security Council, alleging they promoted Chinese interests. She met with President Trump shortly before additional NSC personnel were dismissed. Loomer's influence highlights growing concerns within MAGA circles regarding vetting and allegiance, sparking debate about the criteria for selecting Trump's advisors.
    • The Trump administration is reviewing 450,000 migrant children who entered the U.S. without parents during Biden's term, citing concerns about sponsor vetting and child safety. This initiative involves house checks by Homeland Security and FBI agents, raising fears of deportation for undocumented sponsors and children.
    • Donald Trump's administration plans significant federal budget changes. The proposal includes a $163 billion cut, impacting education and housing. Defence and border security spending will increase. Non-defence discretionary spending faces a 23% reduction. The budget aims to fulfil Trump's promises on border security. Tax cuts extension could add $5 trillion to the national debt. Democrats criticise the cuts as severe.
    • India's manufacturing sector experienced significant growth in April. The HSBC Purchasing Managers Index reached 58.8. Output and sales saw a boost. International orders hit a 14-year high. The US tariff announcement had a limited impact. Cost pressures intensified, leading to higher output prices. Manufacturers expanded their workforce to meet the rising demand.
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