President Trump

Stories 81 - 100 | << Prev   Next >>

Trump to Powell: Cut Rates. Powell: Nope, Not Yet

Fed chief warns that tariffs will likely lead to at least a temporary uptick in inflation

(Newser) - Fed chief Jerome Powell weighed in on the tariffs of President Trump on Friday, saying that the central bank is worried about their effect on inflation but isn't ready to make a move on interest rates.
  • "We are well positioned to wait for greater clarity before considering any
...

'Disruptive US Policies' Just Jacked Recession Risk: JPMorgan

Risk of US, global recession now at 60%, up from 40%, per the Wall Street giant's strategists

(Newser) - President Trump referred to Wednesday as "Liberation Day" as he enacted "reciprocal" tariffs against even more countries across the globe, but now JPMorgan is warning that the risk of recession just escalated steeply. In a Thursday note, the Wall Street giant's strategists, led by Bruce Kasman, say...

NSA, Cyber Command Chief Abruptly Fired

Laura Loomer says Gen. Timothy Haugh was 'disloyal' to Trump

(Newser) - Gen. Timothy Haugh, head of the National Security Agency and US Cyber Command, was abruptly ousted on Thursday, according to Democrats on intelligence committees—and far-right activist Laura Loomer. "NSA Director Tim Haugh and his deputy Wendy Noble have been disloyal to President Trump. That is why they have...

Volkswagen Announces Its Response to Trump's Tariffs

It's adding 'import fees'

(Newser) - In the wake of President Trump's "Liberation Day" tariffs, Volkswagen is adding a new fee to its vehicles. The German automaker told its dealers that later this month, an import fee will be added to the price of cars sold in the United States. The New York Times...

States' Suit Calls Trump's Order on Elections Unconstitutional

'The President has no power to do any of this,' filing says

(Newser) - Democratic officials in 19 states filed a lawsuit Thursday to stop President Trump's attempt to reshape elections across the US, calling it an unconstitutional invasion of states' clear authority to run their own elections. The lawsuit is the fourth contesting the executive order issued just a week ago. It...

White House Will Use Real Eggs for Easter Egg Roll

Trump claims he was asked to use plastic eggs

(Newser) - This year's White House Easter Egg Roll will involve around 30,000 eggs, and the American Egg Board says they're not going to be fakes. President Trump confirmed during his tariff remarks Wednesday that the tradition would, as usual, involve real eggs. "They were saying that for...

Trump&#39;s Tariff Formula Is Surprisingly Simple
Trump's Tariff Formula
Is Surprisingly Simple
the rundown
Apr 3, 2025 2:00 PM CDT

Trump's Tariff Formula Is Surprisingly Simple

A nation's trade deficit divided by its exports to the US, which is then divided by 2

(Newser) - So how did the US figure out the individual tariffs it levied on different nations? The White House posted an explainer with complicated-looking formula, but the BBC unpacks it to find a "simple" one beneath. As does CNN , which explains it succinctly:
  • "The country's trade deficit divided
...

Trump Fires 3 NSC Officials Over Loyalty: Report

Sources say Laura Loomer urged the firings during Oval Office meeting on Wednesday

(Newser) - President Trump has moved to fire several senior White House National Security Council officials soon after he was urged by far-right activist Laura Loomer to purge staffers she deemed insufficiently committed to his agenda, several people familiar with the matter said Thursday. Loomer presented her research to Trump in an...

Tariffs Hit One Puzzling Locale
Tariffs
Hit One
Puzzling
Locale
Apr 3, 2025 10:10 AM CDT

Tariffs Hit One Puzzling Locale

Antarctic islands have no humans, lots of penguins

(Newser) - The unveiling of President Trump's tariffs on Wednesday had White House journalists reaching for their atlases—or at least Google. On the list of penalized nations is one that's actually an Australian territory in the Antarctic called Heard Island and McDonald Islands. Its inclusion is a bit of...

Democrats Pile on Musk: Campaign Against Us Next

'I'll pay for his coach flight,' one jokes after billionaire suffers 'humiliating political defeat'

(Newser) - Adding to the impression that Elon Musk has become a political liability for President Trump, Axios reports Democrats are now pushing for the billionaire adviser to campaign, not for them, but for their opponents. "Yes please! Can you arrange that? Who do I speak to about that?" Rep. Hillary...

5 Takes On the Trump Tariffs
5 Takes On the Trump Tariffs
the rundown
Apr 3, 2025 7:52 AM CDT

5 Takes On the Trump Tariffs

Wall Street Journal editorial fears recession 'or worse,' but much depends on other nations' response

(Newser) - The tariffs unveiled by President Trump on Wednesday represent the "most ambitious economic realignment the American people have ever seen," a White House official tells Axios , and the outlet finds that "it's hard to disagree." But there is much disagreement on whether this realignment will...

There's a Notable Absence Among Nations Hit With Tariffs

Russia's not on the list, but the White House says that's because existing sanctions are so severe

(Newser) - The broad new tariffs unveiled by President Trump on Wednesday impose financial penalties on pretty much every country of note. However, Axios points out that one major nation is missing from the list—Russia. The White House says it isn't about favoritism: Press secretary Karoline Leavitt says existing sanctions...

Markets Sink After Tariffs Are Bigger Than Expected

Dow futures are down more than 1.1K points

(Newser) - The US stock market is poised to open with a steep plunge on Thursday in the wake of President Trump's tariff rollout, reports the Wall Street Journal . World markets sank as well.
  • Dow futures fell more than 1,100 points, or 2.6%, per CNBC . The benchmark S&P
...

Nobel Peace Prize Winner: US Revoked My Visa

Former Costa Rican president Oscar Arias says he wasn't given a reason, but has some ideas

(Newser) - Nobel laureate and former Costa Rican president Oscar Arias says the US has revoked his visa, and while he wasn't given a reason, he thinks he may know why. Arias, who won the Nobel Peace Prize in 1987 for the part he played in bringing about the end of...

Senate Votes Down Basis for Trump's Tariffs on Canada

Republicans join resolution against emergency declaration on fentanyl

(Newser) - The Senate passed a resolution Wednesday night that would thwart President Trump's ability to impose tariffs on Canada, delivering a rare rebuke just hours after the president unveiled sweeping plans to clamp down on international trade. The Senate resolution, passed on a 51-48 vote, would end Trump's emergency...

Musk's Time in Government Could Be Ending Soon

Sources tell Politico that Trump has already discussed Musk's exit with Cabinet members

(Newser) - Companies including Tesla, SpaceX, and Neuralink might soon be getting more attention from their CEO. Politico , citing "three Trump insiders," reported Wednesday that President Trump recently told his inner circle, including Cabinet members, that Musk would soon be stepping back from his role in the administration. In a...

Report: White House Tallying the Cost of Owning Greenland

The Washington Post speaks to 3 sources about the effort

(Newser) - President Trump isn't just talking about "getting" Greenland—his administration is exploring the financial impact of doing so, according to a report in the Washington Post . The paper spoke with three people close to the matter who say the White House is assembling an estimate of what it...

Doug Emhoff's Law Firm Cuts Deal With White House

Willkie Farr & Gallagher is 3rd law firm in 2 weeks to cut deal with Trump to avoid sanctions

(Newser) - Another major international law firm has reached a deal with President Trump to dedicate at least $100 million in free legal services to causes such as supporting veterans and combating antisemitism, the White House and the law firm announced Tuesday. The agreement makes Willkie Farr & Gallagher the third law...

What to Expect on Trump&#39;s &#39;Liberation Day&#39;
'Liberation Day' Has Arrived
the rundown
Apr 2, 2025 5:01 AM CDT

'Liberation Day' Has Arrived

Though not much is yet clear on what, exactly, to expect

(Newser) - President Trump has been teasing Wednesday as "Liberation Day," promising even more tariffs, but it's not clear exactly what is coming. As the BBC notes, Trump has already instituted so many tariffs "it can be hard to keep track," but he's promised what the...

Report: Waltz Used Gmail for Government Business

Sources say Trump's national security adviser is losing support, but not his job

(Newser) - Amid the ongoing fallout from Signalgate, three US officials have come forward to accuse President Trump's national security adviser, Mike Waltz, and his team of using his personal Gmail account to conduct government business. The Washington Post also reviewed documents, including emails, corroborating the officials' allegations. Gmail is not...

Stories 81 - 100 | << Prev   Next >>
Most Read on Newser