Wednesday, February 5

Month: February 2025

3Feb By AdminsNo Comments

What do Trump’s executive orders say on tariffs and how would they work?

With a trio of executive orders, US President Donald Trump has almost instantly thrown the world economy and his own goal of cutting inflation into turmoil. His tariffs against Canada and Mexico in order to stop illegal immigration and the illicit fentanyl trade led to retaliatory taxes by both countries on US imports. He placed an additional 10 per cent tariff on imports from China with the stated goal of stopping the production of fentanyl. A trade war is looming between the US, Canada, and Mexico. (AP) But on a deeper level, Trump suddenly hit the US economy with tax increases that, if sustained, could total more than US$1 trillion ($1.61 trillion) in 10 years. He did so without congressional approval and by his own acknowledgement at the perilous chance of ...
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3Feb By AdminsNo Comments

Trump’s tariffs are a $2.25 trillion gamble with the economy and prices

US President Donald Trump is on the verge of hitting America's three biggest trading partners with sweeping tariffs, a far more aggressive use of his favourite economic weapon than anything he did during his first term. The looming import taxes on Mexico, Canada and China will be a major test of Trump's unorthodox use of tariffs, which he's described as "the greatest thing ever invented". It's an enormous gamble, arguably a bigger one than any economic policy Trump enacted during his four-plus years in the White House. And this strategy has the potential to upend the thing many voters care about the most: the economy and the cost of living. President Donald Trump arrives at Palm Beach International Airport in West Palm Beach, Florida, on Friday. (AP Photo/Ben Curtis) ...
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3Feb By AdminsNo Comments

Marco Rubio says Panama must reduce Chinese influence around the canal or face possible US action

US Secretary of State Marco Rubio told Panamanian President José Raúl Mulino on Sunday that the Central American ally must immediately reduce Chinese influence over the Panama Canal area or face potential retaliation from the Trump administration. Rubio, on his first foreign trip as America's top diplomat, held face-to-face talks with Mulino, who has resisted pressure from the new US government over Panama's management of a waterway that is vital to global trade. Mulino told reporters after the meeting that Rubio made "no real threat of retaking the canal or the use of force." Panama's President Jose Mulino, left, and US Secretary of State Marco Rubio. (AP) Speaking on behalf of President Donald Trump, who has demanded that the canal be returned to US control,...
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3Feb By AdminsNo Comments

Beyoncé wins elusive album of the year Grammy as Kendrick Lamar cleans up with diss track

Beyoncé has won album of the year for Cowboy Carter at the 2025 Grammys, delivering her — at last — the show's elusive top award. The superstar, who is both the most awarded and nominated artist in Grammys history, has been nominated in the category four times before and many feel she has been snubbed by its top honors. Members of the Los Angeles Fire Department presented Beyoncé with the trophy. "It's been many, many years," Beyoncé said in her speech. "I want to dedicate this to Ms Martell," she said, referencing Linda Martell, the performer who became the first Black woman to play the Grand Ole Opry. "We finally saw it happen, everyone," host Trevor Noah said, nodding to the long overdue achievement for one of music's transcendent artists. Beyoncé acc...
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