Wednesday, July 2

Tag: Donald Trump

21Apr By AdminsNo Comments

This Midwestern city has long been a federal hub. The pain from DOGE’s cuts is everywhere

In her 28 years working for the federal government, Shea Giagnorio provided daycare for the children of US soldiers, training for employees and oversight for safety net programs. Public service took her from Germany to Alaska to Kansas City, Missouri, where she moved last year for a long-sought promotion. But when she reported to a downtown federal building for work one day last month, her access card did not work. After a co-worker let her into the building, she checked her email: her entire office had been let go in the latest mass firing ordered by President Donald Trump’s administration. Shea Giagnorio packs belongings in her apartment days after getting fired from her job with the Administration for Children and Families. (AP) The 46-year-old single mum has can...
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13Apr By AdminsNo Comments

Trump is undergoing his annual physical after years of reluctance to share medical information

Donald Trump is undergoing his annual physical on Friday, potentially giving the public its first details in years about the health of a man who in January became the oldest in US history to be sworn in as president. "I have never felt better, but nevertheless, these things must be done!" Trump, 78, posted on his social media site of the examination which was being conducted at Walter Reed National Military Medical Center, in Bethesda, Maryland, outside Washington. Despite long questioning predecessor Joe Biden's physical and mental capacity, Trump has routinely kept basic facts about his own health shrouded in secrecy — shying away from traditional presidential transparency on medical issues. President Donald Trump speaks during an event on energy production in ...
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13Apr By AdminsNo Comments

Trump has 90 days to do 150 trade deals. Financial markets aren’t buying it

President Donald Trump and his advisers said this was the plan all along: Scare the bejesus out of the world by announcing astronomically high tariffs, get countries to come to the negotiating table, and — with the exception of China — back away from the most punishing trade barriers as America works out new trade agreements around the globe. But Trump's 90-day pause on his "reciprocal" tariffs that were never actually reciprocal gives his administration just three months to strike enormously complex trade deals with dozens of countries that it says are lining up to negotiate. Financial markets aren't buying it. Stocks have whipsawed as volatility has spiked. President Donald Trump and his advisers said this was the plan all along: Scare the bejesus out of the world by...
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7Apr By AdminsNo Comments

Tariffs will make sneakers, jeans and almost everything Americans wear cost more, trade groups warn

Sending children back to school in new sneakers, jeans and T-shirts is likely to cost US families significantly more this fall if the bespoke tariffs President Donald Trump put on leading exporters take effect as planned, American industry groups warn. About 97 per cent of the clothes and shoes purchased in the US are imported, predominantly from Asia, the American Apparel & Footwear Association said, citing its most recent data. Walmart, Gap Inc., Lululemon and Nike are a few of the companies that have a majority of their clothing made in Asian countries. A worker sews a garment at Pro Sports factory in Nam Dinh province, Vietnam (AP) Those same garment-making hubs took a big hit under the president's plan to punish individual countries for trade imbalances. ...
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7Apr By AdminsNo Comments

‘Reset global trade’: Trump officials double down on tariffs as global markets plummet

Top Trump administration officials are offering mixed messaging on the possibility of negotiations on the president's newly announced tariffs, framing the move as a necessary economic reset and downplaying severe market volatility and uncertainty. President Donald Trump has long cast himself as a dealmaker — and has left the door open to cutting tariff deals with countries. But messaging from his top economic lieutenants Sunday painted a murkier picture about the possibility of relief. Trump last week announced tariffs of at least 10 per cent across all countries, with rates going even higher for 60 countries deemed the "worst offenders." The universal 10 per cent rate went into effect Saturday, while the customized rates will take effect Wednesday. President Don...
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7Apr By AdminsNo Comments

ASX recovers but $100 billion still wiped out

The Australian Stock Exchange recovered slightly after a massive opening loss of $160 billion today, but has still lost $100 billion for the day as of about midday AEST. The ASX 200 fell 6.4 per cent to a 16-month low of 7177.3 after the exchange opened at 10am. At about noon, it was down 3.7 per cent at 7383.1, rebounding from that low. There are fears the ASX could face another wipeout today. (Getty) Mining companies and the big four banks were among the biggest drops, which came even after the ASX-200 opened at a 100-day low of 7453.90. Asian markets also plunged today, deepening a global stocks rout triggered by US President Donald Trump's trade war. Japan's benchmark Nikkei fell by more than eight per cent shortly after opening. The share average, ...
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