US strikes destroy key Yemen port, ‘economic source of power’ of Iran-backed Houthis

[ad_1] The United States military announced on Thursday it conducted strikes to “destroy” Yemen‘s key Ras Isa Port. The objective of the action, it said, was to “degrade” the port, an “economic source of power” of the Houthis.The US military’s Central Command (CENTCOM) carried out the strikes.In a statement on its X handle, CENTCOM said, […]

Xi says China will stand with Southeast Asian countries in face of economic shocks | World News

[ad_1] BANGKOK: Chinese leader Xi Jinping told Malaysia‘s leader Wednesday that China will be a collaborative partner and stand with its Southeast Asian neighbors in the wake of global economic shocks. “In the face of shocks to global order and economic globalization, China and Malaysia will stand with countries in the region to combat the […]

Donald Trump’s approval rating after tariff: Majority blaming him more than Biden for economic chaos in this poll

[ad_1] Donald Trump’s approval rating reaches the lowest of his second term. A new CBS poll brings bad news for President Donald Trump as 75 per cent of 2,410 US adults said that Trump’s new tariffs would increase prices in the short term. Trump has paused the Liberation Day tariffs for all countries except China […]

Trump says Tehran may soften stance on nukes amid military and economic strain

[ad_1] US President Donald Trump said Friday that Iran’s vulnerabilities—after months of domestic unrest, international sanctions, and military setbacks—could make it more open to discussions. He says diplomacy is his preferred path, though he warned Iran would face “great danger” if talks fail. Speaking aboard Air Force One, Trump said he wants Iran to be […]

MAGA billionaires balk at Donald Trump’s tariff gambit, warn of ‘economic nuclear winter’

[ad_1] TOI correspondent from Washington: Prominent Trump acolytes and business leaders are jumping of the MAGA tariff train as the US President’s gambit — capricious to some and audacious to others — threatens to derail global trade and commerce that he wants to re-order.In the first signs of dissent in the higher MAGAsphere, Elon Musk […]

Billionaire Bill Ackman Warns Trump: Tariffs Could Lead to Economic Nuclear Winter! | World News

[ad_1] Billionaire hedge fund manager Bill Ackman is pleading with President Trump to hit the brakes on sweeping new tariffs, warning that the global economy is teetering on the edge of a “self-induced economic nuclear winter.”In a lengthy post on X Sunday night, Ackman—once a vocal Trump backer—urged the president to call a temporary timeout.“The […]

‘More than 50 countries reached out to Trump to begin negotiations’: Economic council director Kevin Hassett in defense of tariffs

[ad_1] Kevin Hassett defends Donald Trump White House National Economic Council Director Kevin Hassett came out defence of President Donald Trump‘s trade policies, dismissing concerns about increased costs for American consumers amid the massive backlash and recession fears.“So the fact is, the countries are angry and retaliating — and, by the way, coming to the […]

Trump imposes 10% tariff on nearly all countries, calls it ‘economic independence’

[ad_1] US President Donald Trump declared a national emergency to enforce his extensive new tariff policy, called “Liberation Day” tariffs, imposing a 10 per cent baseline duty on nearly all imports. The measures, which included steeper “reciprocal” levies on key allies such as the European Union, Japan, and Israel, were unveiled after the close of […]

Will impose large-scale tariffs if Canada and EU ally to do economic harm to US: Trump

[ad_1] President Trump said in a middle-of-the-night social media post early on Thursday that he would come after the European Union and Canada if they banded together against America, opening a new front in the unfolding trade war.“If the European Union works with Canada in order to do economic harm to the USA, large scale […]

Donald Trump threatens more tariffs on Canada, EU if they work ‘to do economic harm’ to US

[ad_1] US President Donald Trump warned on Thursday that the European Union and Canada could face additional tariffs if they act together to undermine the American economy.“If the European Union works with Canada in order to do economic harm to the USA, large scale Tariffs, far larger than currently planned, will be placed on them […]