United States President Donald Trump said on Thursday that the sweeping tariffs he has imposed on nations around the world were making the country “great and rich again”, as governments raced to strike deals with Washington less than 24 hours before an August 1 deadline. “Tariffs are making America great and rich again,” he wrote on his Truth Social platform. “One year ago, America was a dead country, now it is the ‘hottest’ country anywhere in the world,” he added. A day earlier, the US president imposed new tariffs to punish or favour several major trading partners — the latest round of sweeping measures that have roiled markets around the world. South Korea squeezed in at the last moment, securing agreement on a 15 per cent tariff for exports to the US — significantly below the 25pc that Trump had earlier threatened to introduce. But Trump also announced crippling 50pc tariffs on Brazil and a 25pc levy on Indian exports, while warning Canada it would face trade repercussions for planning to recognise a Pal...
US President Donald Trump said on Saturday that the leaders of Cambodia and Thailand had agreed to meet immediately to quickly work out a ceasefire, as he sought to broker peace after three days of fighting along their border left at least 33 people dead. In a series of social media posts during a visit to Scotland, Trump said he had spoken to Cambodian Prime Minister Hun Manet and Thailand’s acting prime minister, Phumtham Wechayachai, warning them that he would not make trade deals with either of their governments if the border conflict continued. Following calls for restraint on both sides from Trump’s senior aides, he became directly involved on Saturday, speaking to each leader and saying he relayed messages back and forth. “Just spoke to the prime minister of Cambodia relative to stopping the war with Thailand,” Trump said in a post on his Truth Social network. “I have just spoken to the acting prime minister of Thailand, and it was a very good conversation,” he said soon after in a new post. “Thailand,...
U.S. President Donald Trump accused former President Barack Obama of “treason” on Tuesday, accusing him, without providing evidence, of leading an effort to falsely tie him to Russia and undermine his 2016 presidential campaign. A spokesperson for Obama denounced Trump’s claims, saying “these bizarre allegations are ridiculous and a weak attempt at distraction.” While Trump has frequently […]
LONDON: The Bank of England has asked some lenders to test their resilience to potential U.S. dollar shocks, three sources said, the latest sign of how the Trump administration’s policies are eroding trust in the U.S. as a bedrock of financial stability. As the leading currency for global trade and capital flows, the U.S. dollar […]