Trump Vows Tariffs ‘Will Never Change’ as Global Backlash Grows, Markets Crash, and Allies Retaliate
Video Credit: Oneindia - Duration: 03:03s - Published
Trump Vows Tariffs ‘Will Never Change’ as Global Backlash Grows, Markets Crash, and Allies Retaliate
US President Donald Trump has pledged unwavering commitment to his aggressive tariff strategy, calling it a chance to “get rich.” Despite a massive stock market crash and mounting global backlash, Trump insisted tariffs are essential to protect American jobs.
China, Canada, and the EU have responded with retaliatory duties, sparking fears of a global trade war.
The WTO warns of economic contraction, while the US Fed sees inflation risks rising.
Still, Trump’s administration denies any harm to American businesses, claiming domestic growth will offset global tensions.
California Governor Gavin Newsom has taken a swipe at President Donald Trump ... using pop culture to make his message loud and clear. As demonstrations against.. TMZ.com
As Iran prepares to present a nuclear proposal to the U.S., Israeli military plans for a potential unilateral strike are nearly complete. Reports suggest Israel is moving munitions and reviewing final scenarios, while diplomatic efforts falter. A call between Trump and Netanyahu triggered emergency security meetings, highlighting deepening mistrust of Iran’s intentions. Israeli officials fear Tehran won’t abandon enrichment, while the U.S. seeks full denuclearization. With Iran weakened by sanctions and regional proxies losing ground, Israeli urgency grows—though U.S. officials warn that a strike could ignite a broader regional conflict.
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Former Speaker Nancy Pelosi is criticizing Donald Trump for deploying the National Guard to Los Angeles without Governor Gavin Newsom's consent, calling it a violation of Article 10 of the Constitution. Pelosi compared this to Trump’s refusal to deploy the Guard during the January 6 Capitol riot, despite bipartisan pleas. “And yet, in a contra-constitutional way, he has sent the National Guard into California,” she said. With legal and political tensions rising, Pelosi warns: "Something is very wrong with this picture."
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Asian markets surged after the U.S. and China held "substantial" trade talks in Geneva, offering hope for a resolution to the tariff war that has shaken global markets. With earlier tariffs reaching as high as 145% on Chinese goods and 125% in retaliation, fears of a recession had loomed large. But both sides called the discussions constructive, raising expectations for a deal. The WTO praised the talks as a "significant step forward," while U.S. futures, oil, and the dollar all climbed on optimism of easing tensions.
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First it was vaccines, then gas and now the EU will make joint purchases of defence equipment. This latest emergency is due to Russia’s war in Ukraine and the prospect of less investment by the US in Europe's protection. Is the new financial instrument Security Action for Europe up to the challenge?
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Credit: euronews (in English) Duration: 08:00Published
EU proposes fresh sanctions on Russia's oil, banks, Nord Stream and 'shadow fleet'
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Trump has launched a fiery attack on Federal Reserve Chair Jerome Powell, calling for his immediate termination after slamming the Fed’s latest economic report as a “complete mess.” Trump accused Powell of being “too late and wrong” on interest rate policy and compared him unfavorably to the European Central Bank, which just issued its seventh rate cut in a year. The outburst follows Powell’s stark warning that Trump’s sweeping tariffs could drive the U.S. into stagflation. With Powell’s term running through 2026 and legal protections in place, Trump’s demand has ignited a constitutional debate over presidential power and the independence of America’s central bank.
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