United States President Donald Trump on Monday ordered a delay in the re-imposition of higher tariffs on Chinese goods, hours before a trade truce between Washington and Beijing was due to expire. The White House’s halt on steeper tariffs will be in place until November 10. “I have just signed an executive order that will extend the tariff suspension on China for another 90 days,” Trump wrote on his Truth Social platform. The truce on steeper levies had been due to expire on Tuesday. While the US and China slapped escalating tariffs on each other’s products this year, bringing them to prohibitive triple-digit levels and snarling trade, both countries in May agreed to temporarily lower them. As part of their May truce, fresh US tariffs targeting China were reduced to 30 percent and the corresponding level from China was cut to 10pc. Those rates will now hold until November — or whenever a deal is cut before then. Around the same time that Trump confirmed the new extension, Chinese state media Xinhua news agenc...
United States President Donald Trump on Monday deployed military and federal law enforcement to curb violent crime in Washington, as he seeks to make good on his campaign pledge to be a “law and order” president. The Republican leader said he would place the city’s Metropolitan Police under federal government control while also sending the National Guard onto the streets of the US capital. The overwhelmingly Democratic city faces allegations from Republican politicians that it is overrun by crime, plagued by homelessness and financially mismanaged — although violent offences are down. “This is Liberation Day in DC, and we’re going to take our capital back,” Trump said. Trump — a convicted felon who granted blanket clemency to nearly 1,600 people involved in the 2021 US Capitol riot in Washington — has complained that local police and prosecutors aren’t tough enough. He said 800 DC National Guardsmen — “and much more if necessary” — would be deployed to the city of 700,000. As Trump was speaking at the White H...
Trump’s executive order opening 401(k)s to crypto has drawn a mix of praise, caution and criticism from industry leaders and skeptics alike. United States President Donald Trump signed an executive order on Thursday opening the door for Americans to include crypto and other alternative assets in their 401(k) retirement accounts and other defined-contribution plans, a policy shift that has sparked optimism and caution from the crypto industry. Trump’s executive order directs the US Labor Department to reevaluate restrictions on alternative assets like crypto, private equity and real estate in 401(k)s and other defined-contribution plans. As of the first quarter of 2025, US retirement assets totaled $43.4 trillion, according to the Investment Company Institute and the Federal Reserve Board. Defined-contribution plans, including $8.7 trillion in 401(k)s, accounted for more than $12 trillion. Read more