Former President Donald Trump has escalated his pressure on global smartphone manufacturers by proposing a 25 percent tariff not just on Apple, but on all companies producing smartphones outside the United States. Following his post on Truth Social targeting Apple, Trump clarified in a White House press conference that the tariffs would also apply to…
Tag: Donald Trump
Warren Slams Crypto Bill as Dangerous While Trump Policies Spark Bipartisan Tech and Ethics Backlash
Senator Elizabeth Warren issued a stark warning about the GENIUS Act, a bipartisan cryptocurrency bill currently advancing in the Senate. The legislation proposes to formally integrate stablecoins—digital tokens tied to fiat currencies like the U.S. dollar—into the traditional financial system. Warren cautioned that the bill lacks sufficient regulatory safeguards and could expose the U.S. economy…
Trump’s Partial Tariff Pause Offers Short-Lived Relief as Trade Tensions with China Loom Again
The recent pause on some of Donald Trump’s massive tariffs on Chinese imports has triggered a collective sigh of relief across various sectors. Wall Street reacted positively, big retailers celebrated, and many businesses felt a momentary reprieve. However, the celebration might be premature. While some tariffs have been paused, others remain firmly in place—namely, a…
Trump’s AI Deals in Gulf Ignite Innovation Push and National Security Showdown Over Chip Exports
Former President Donald Trump’s recent trip to the Gulf has been marked by a series of groundbreaking deals that could reshape the global artificial intelligence (AI) landscape. Central to this transformation is the commitment from Gulf nations—particularly Saudi Arabia and the UAE—to build massive AI data centers powered by cutting-edge American technology. These partnerships, backed…
Trump visits Gulf Arab nations amid ongoing crises in Gaza and Iran
During his current visit to the Middle East, U.S. President Donald Trump is stopping in Saudi Arabia, Qatar, and the United Arab Emirates. However, the more serious regional issues involve two different countries: Israel and Iran. Two months after a ceasefire ended, Israel has increased its military operations in the Gaza Strip. The blockade there…
Trump Pushes AI Diplomacy with Saudi Arabia and UAE as Tech Giants Pour Billions into Gulf Expansion
The Trump administration is facilitating expanded artificial intelligence (AI) collaboration between the United States and key Persian Gulf allies — Saudi Arabia and the United Arab Emirates (UAE). As part of a new policy shift, both nations are poised to gain access to advanced AI chips from Nvidia and AMD, chips considered critical for developing…
Employers added an unexpected 177,000 jobs, showing the job market remains strong. Jobless rate holds at 4.2%
American employers added 177,000 jobs in April, which was more than expected, showing the job market is still strong despite President Donald Trump’s trade policies. Although hiring dipped from a revised 185,000 in March, it was still higher than the 135,000 economists predicted. The unemployment rate stayed at a low 4.2%, according to the Labor…
Judge says Trump administration broke 2019 settlement by deporting man to El Salvador
A federal judge picked by President Donald Trump has ordered his administration to help bring back a man who was deported to El Salvador last month, even though he still had an active asylum application. U.S. District Judge Stephanie Gallagher in Maryland ruled on Wednesday that the government broke a 2019 settlement agreement when it…
Marketers Brace for Uncertainty as Trump’s Tariff Threats Disrupt Budgets and Consumer Confidence
The escalating tariff dispute between the United States and several major global partners—Mexico, Canada, China, and the European Union—is creating widespread anxiety in the marketing world. Initially announced in February, President Trump’s proposed 25% tariffs have been repeatedly delayed and revised, leaving businesses struggling to keep up. With retaliatory measures already lined up by the…