Author: potus
United States President Donald Trump, on Thursday, paused tariffs on several imports from Mexico and Canada for a month. Earlier, he had imposed 25 percent tariffs on almost all imports from both countries. He first announced a halt on the tariffs for Mexico after a phone call with that country’s president, Claudia Sheinbaum. Later, he extended that reprieve to Canada. Here is what happened, which products the pause applies to and what comes next: What happened? On Thursday, Trump signed orders temporarily exempting goods from Mexico and Canada that are covered by the US-Mexico-Canada trade agreement (USMCA) from the 25…
Brian Armstrong, CEO of Coinbase, slammed the U.S. Securities and Exchange Commission. He also said the cryptocurrency exchange is looking to invest more outside of the U.S.Carlos Jasso | Bloomberg | Getty ImagesNow that President Trump has announced plans for a Strategic Bitcoin Reserve, crypto industry leaders can focus on what else they want to hear from the new administration on Friday.Just over six weeks into his second White House term, Trump is hosting his first Crypto Summit, a nod to an industry that played a major role in his election victory in November. No executive was more central to…
China’s top diplomat, Wang Yi, cast his country as a bulwark for peace and stability in a world thrown into chaos by the Trump administration. He warned of a return to the law of the jungle if more countries act like the United States in pursuing its own interests above all else.As the Trump administration upends global trade relations and threatens to abandon alliances, China is trying to burnish its image at home and abroad and take swipes at Western dominance. “We will provide certainty to this uncertain world,” Mr. Wang told reporters in Beijing on Friday.Yet Mr. Wang’s depiction…
US President Trump says Kyiv and Moscow have no choice but to secure a peace deal to end the war.United States and Ukrainian officials have indicated they will meet in Saudi Arabia next week to discuss a peace framework for ending the Russia-Ukraine war. This follows Washington suspending military aid and intelligence sharing with Kyiv this week, days after US President Donald Trump and his Ukrainian counterpart Volodymyr Zelenskyy clashed at the White House. Trump’s special envoy Steve Witkoff confirmed he will meet Ukrainian officials in Saudi Arabia next week to carve out a framework for a peace agreement. “We…
The destruction of U.S.A.I.D. Threats to make Canada the 51st state. The humiliation of Ukraine. What is going on with U.S. foreign policy? Some see it as driven by President Trump’s personal greed or fondness for dictators. Both might ring true, but neither tells the whole story. What matters most to Mr. Trump is not the wealth or ideology of a country but how powerful it is. He believes in dominating the weak and giving deference to the strong. It’s a strategy as old as time. It’s called realism.Don’t get me wrong. So much of what Mr. Trump does abroad,…
Cryptocurrency falls as much as 6 percent as lack of plans for government purchases disappoints investors.United States President Donald Trump’s executive order to establish a Bitcoin strategic reserve and a stockpile of other digital assets has failed to impress crypto markets, with Bitcoin’s value plummeting following the announcement. Bitcoin fell as much as 6 percent following Trump’s order on Thursday, which did not include plans for the government to actively buy Bitcoin. After dropping as low as $84,900, the cryptocurrency was trading at about $87,700 as of 05:00 GMT. In a statement announcing the order, Trump’s crypto tsar David Sacks…
President Donald Trump said he told his Cabinet secretaries during a meeting Thursday that staffing decisions will be left up to them, not Elon Musk and his Department of Government Efficiency.Trump said he instructed Cabinet members to work alongside DOGE on spending and workforce reductions while clarifying that final job cuts will be at the discretion of the department leaders.”We just had a meeting with most of the Secretaries, Elon, and others, and it was a very positive one,” Trump said on Truth Social. “It’s very important that we cut levels down to where they should be, but it’s also…
When the White House finally released the text of Mr. Trump’s orders on Thursday evening, it appeared that some of the tariffs — those covered in the U.S.-Mexico-Canada trade agreement that Mr. Trump negotiated and celebrated in his first term — were indeed permanently suspended. Other tariffs were merely paused.Most everyone involved was confused, which may well have been the point.As Mr. Trump hands down tariff determinations and then pulls them back for a month or so, world leaders call to plead their case, a bit like vassal states appealing to a larger power. Chief executives put in calls as…
Jakub Porzycki | Nurphoto | Getty ImagesCryptocurrencies fell Thursday night after President Donald Trump signed an executive order creating a strategic bitcoin reserve for the United States and, separately, a “digital asset stockpile.”The price of bitcoin was last lower by 3% at $87,586.86, according to Coin Metrics. Shortly after the news broke, it fell to as low as $84,688.13.Earlier losses in other coins – specifically those that rallied at the beginning of the week after Trump said they would be included in the strategy – also eased. Ether was down 2%, trading at $2,184.08. XRP and Solana’s SOL token retreated…
United States President Donald Trump has signalled he intends to move forward with plans to dismantle the Department of Education, despite mixed signals from his administration. “Well, I want to just do it. I mean, we’re starting the process,” Trump said at a signing ceremony in the Oval Office on Thursday. A directive to wind down the Department of Education was expected to be among the orders Trump signed on Thursday. But in the hours leading up to the Trump’s public appearance in the Oval Office, White House Press Secretary Karoline Leavitt denounced reports of an announcement as “more fake…