Tag: Donald Trump

• Wednesday, March 7th 2018 - 09:14 UTC

  Trump's top economic advisor stepping down after losing trade policy battle

  

  Top economic adviser Gary Cohn is leaving the White House after breaking with President Donald Trump on trade policy, the latest in a string of high-level departures from the West Wing.

• Tuesday, March 6th 2018 - 10:00 UTC

  Trump speaks openly of a “trade war”; links tariffs on steel and aluminum to a redrafted Nafta

  

  U.S. President Donald Trump said on Monday the U.S. is not backing down on its decision to impose 25% tariffs on steel imports and 10% tariffs on imported aluminum products. Before a White House meeting with Israeli Prime Minister Benjamin Netanyahu, Trump suggested Mexico and Canada could be exempted from the planned tariffs if a new and “fair” North American Free Trade Agreement (NAFTA) is reached.

• Thursday, March 1st 2018 - 09:46 UTC

  Two major US retailers announce restrictions on gun sales; Trump tells lawmakers they are petrified of NRA

  

  Two major US retailers have announced new restrictions on gun sales following the shooting at a Florida school where 17 people died. Dick's Sporting Goods, which has more than 600 shops, said it would no longer sell assault-style rifles, and backed “common sense gun reform”. Walmart later said it was raising the minimum age for anyone buying guns or ammunition to 21 years.

• Monday, February 26th 2018 - 09:40 UTC

  Warren Buffet receives a profit boost of US$ 29bn from Trump's tax reforms

  

  US billionaire Warren Buffet says his conglomerate has received a profit boost of US$ 29 billion as a result of President Donald Trump's tax reforms, he says. Berkshire Hathaway reported a record quarterly and annual profit on Saturday.

• Friday, February 23rd 2018 - 09:05 UTC

  US adds more import duties on biodiesel from Argentina

  

  The U.S. Commerce Department piled on more import duties on biodiesel from Argentina and Indonesia, adding anti-dumping duties of 60.44% to 276.65% to already steep anti-subsidy duties on the fuels.

• Friday, February 23rd 2018 - 08:45 UTC

  Trump promises background checks on gun owners and floats idea of armed teachers

  

  President Donald Trump floated the idea of arming teachers and promised more stringent background checks on gun owners as he hosted an emotional meeting on Wednesday with students who survived last week’s mass shooting at a Florida school.

• Thursday, February 22nd 2018 - 09:07 UTC

  Fed more positive on economic outlook ...and more rate hikes expected in 2018

  

  United States Federal Reserve officials grew more positive on the economic outlook, citing “substantial underlying economic momentum,” and were increasingly optimistic about achieving their inflation target, according to minutes of last month’s policy meeting.

• Monday, February 19th 2018 - 09:21 UTC

  Mass shooting survivors planning to march “for our lives” in Washington on 24 March

  

  Students who survived a mass shooting at their Florida school on Sunday (Feb 18) announced plans to march on Washington in a bid to “shame” politicians into reforming laws that make firearms readily available. The “March for our Lives” will take place on Mar 24, with sister rallies planned across the country, a group of students revealed.

• Friday, February 16th 2018 - 10:26 UTC

  US rejects merger between Chicago Stock Exchange and Chinese investor group

  

  The US has rejected a proposed merger between the Chicago Stock Exchange and a Chinese-linked investor group. The decision comes after more than two years of reviews by officials. The tie-up was initially approved by the Committee on Foreign Investment in the United States, pending further approval by the Securities and Exchange Commission (SEC).

• Wednesday, February 7th 2018 - 15:23 UTC

  Powell becomes chairman of the Fed in a turbulent trading day

  

  Jerome Powell was sworn as the 16th chairman of the Federal Reserve on what turned out to be a turbulent day for Wall Street, with the Dow Jones industrial average plunging by more than 1,100 points. Powell, 65, was given the oath of office by Randal Quarles, the Fed's vice chairman for supervision, in a ceremony that took place before stock trading opened on Wall Street.