Brent futures fell 49 cents, or 0.7%, to $71.13 a barrel at 0455 GMT, as U.S. West Texas Intermediate (WTI) crude eased 26 cents, or 0.4%, to $68.11. “The current downward trend in oil prices is primarily driven by OPEC+’s decision to increase output and the introduction of U.S. tariffs,” said Darren Lim, commodities strategist […]
The tariff actions, which could upend nearly $2.2 trillion in two-way annual U.S. trade went live at 12:01 a.m. EST (0501 GMT), hours after Trump declared that all three countries had failed to do enough to stem the flow of the deadly fentanyl opioid and its precursor chemicals into the U.S. China responded immediately after […]
The move comes after Trump upended U.S. policy on Ukraine and Russia upon taking office in January, adopting a more conciliatory stance towards Moscow – and after an explosive confrontation with Zelenskiy at the White House on Friday in which Trump criticized him for being insufficiently grateful for Washington’s backing in the war with Russia. […]
At a summit in London just two days after Volodymyr Zelenskiy clashed with U.S. President Donald Trump and cut short a visit to Washington, European leaders offered a strong show of support to the Ukrainian president and promised to do more to help his nation. European leaders agreed they must spend more on defence to […]
“You’re either going to make a deal or we’re out,” a furious Trump told Zelensky, as a meeting that was meant to ease tensions over the sudden US outreach to Russia ended up inflaming them. “You’re gambling with the lives of millions of people. You’re gambling with World War Three, and what you’re doing is […]
Trump said on Thursday his proposed 25% tariffs on Mexican and Canadian goods will take effect on Tuesday, along with an extra 10% duty on Chinese imports. The fresh China tariffs, in addition to the 10% tariff levied on Feb 4, coincide with the start of China’s annual parliamentary meetings on Wednesday, a set-piece political […]
Trump ordered a 90-day pause on all foreign aid in January to conduct a sweeping review to ensure that all the projects funded with U.S. taxpayer money were aligned with his “America First” policy. The order, and ensuing stop work orders, threw USAID into turmoil, halting the agency’s operations around the world, jeopardizing the delivery […]
Roberts issued an interim order placing on hold Washington-based U.S. District Judge Amir Ali’s action that had imposed a deadline of 11:59 p.m. on Wednesday. Roberts provided no rationale for the order, known as an administrative stay, which will give the court additional time to consider the administration’s more formal request to block Ali’s ruling. […]
Billionaire supporter and advisor Elon Musk, tasked with overseeing the Department of Government Efficiency (DOGE), which has sought to fire thousands of federal workers, will be among those in attendance at the meeting. Despite Musk’s lack of ministerial portfolio or formal decision-making authority, he is classified as a “special government employee” and “senior adviser to […]
Trump said the immigration program, which he said was legal, could start in about two weeks. He added it is possible Russian oligarchs could qualify for the gold cards.3 On the other side, President Donald Trump opened yet another front in his assault on global trade norms, ordering a probe into potential new tariffs on […]
