Tag Archives: Trump&#039s

Trump's Cuba decision gives pause to U.S. companies doing business there

What Trump actually changed with Cuba President Trump said he’s “canceling” Obama’s deal with Cuba. But that agreement was good for a lot of American businesses. Many U.S. firms have welcomed the opening of a new market roughly 100 miles from the U.S. coast. Now, Trump wants strict enforcement of the tourism ban and will prohibit commerce with Cuban businesses that are owned by military and intelligence services. That could hit travel and construction companies, which have started to build a presence in Cuba. And many are speaking out. On ...

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Trump's Justice Department fires back on claim he violated the Constitution

‘Pay bribes here’ projected onto Trump’s hotel The Trump administration has fired back at an ethics group that sued the president over his business interests. The response? You’ve got nothing. Citizens for Responsibility and Ethics in Washington, a government watchdog group, filed a suit in January claiming that President Trump violated the Constitution through his hotels, clubs and restaurants. The plaintiffs claim the Emoluments clause bars Trump from accepting anything of value from a foreign government. The plaintiffs include a nonprofit restaurant group, a New York hotel and restaurant owner, ...

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Boris Johnson rejects calls to axe President Trump's state visit

Boris Johnson has rejected calls to cancel Donald Trump’s state visit to the UK after the US president’s Twitter attack on London’s mayor. Mr Trump criticised Sadiq Khan in the wake of the London Bridge attack, after he told Londoners not to be alarmed about an increased police presence. Foreign Secretary Mr Johnson said Mr Khan had been “entirely right”. But he said there was no reason to axe the visit, despite calls by Mr Khan, Lib Dem leader Tim Farron and others. Mr Farron has labelled Mr Trump “an ...

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Female coal miners react to Trump's decision on climate deal

Coal country reacts to climate deal exit They are four female coal miners and they each voted for President Trump based on one issue: bringing coal jobs back to the U.S. Gathering at a park in Gillette, Wyoming, the women said they still support the president but they are divided over his decision to pull out of the Paris Climate accord. Trump announced Thursday that he was withdrawing from the pact, which was inked under President Obama. While he said he was open to renegotiating aspects of the agreement, he ...

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The real story behind Trump's claim that Paris would kill 2.7 million jobs

MSFT, Tesla, GE react to climate deal withdrawal Massive job losses. Lower wages. Shuttered factories. Brownouts and blackouts . That’s the grim future that President Trump said he was trying to avoid when he announced that the United States will withdraw from the Paris climate change deal. “Compliance with the terms of the Paris Accord and the onerous energy restrictions it has placed on the United States could cost America as much as 2.7 million lost jobs by 2025,” he said, citing a study from NERA Economic Consultants. NERA is ...

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China's currency hits highest level since Trump's election

China lowers expectations China’s currency has spiked to its strongest level against the dollar since the aftermath of President Trump’s election in November. The yuan jumped as much as 0.5% against the greenback on Thursday, bringing its gains in the past four trading sessions to 1.2%. A stronger yuan is likely to please Trump, who frequently accused China during his campaign of devaluing its currency to get an unfair advantage in trade. But currency traders say the yuan’s recent surge is most likely about Beijing proving a point to some ...

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Trump's first overseas trip: Zero press conferences

Is the Trump administration boxing-out the press? Nine days. Zero news conferences. There’s one thing clear about President Trump’s first trip abroad: He kept the press at arm’s length. “It is unheard of to go overseas for nine days with the President of the United States and have the press corps there … and not take formal questions,” said April Ryan, a CNN political analyst and the White House correspondent for American Urban Radio Networks, on CNN’s “Reliable Sources” on Sunday. Related: Trump, feted and chided abroad, returns to uncertainty ...

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Trump's proposals will balance the budget. Except they won't

Trump’s budget: Spends on defense, slashes safety nets President Trump claims his proposals would balance the budgetin 10 years.Under his blueprint for next year,the federal government would take in more than it spends by 2027, according to White House estimates. You’d think independent fiscal hawks would be ecstatic. They’re not. That’s because Trump’s balanced budget is built on unrealistic assumptions — not to mention proposed spending cuts that would largely come at the expense of the poor, the disabled and children. Too-good-to-be-true growth The White House Budget Office assumes sustained ...

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Investors keep calm; Trump's budget; Take-Two tumbles

Click chart for in-depth premarket data. 1. Mourning for Manchester: A deadly attack outside an Ariana Grande concert at Manchester Arena in the U.K. killed at least 22 people, including children. Manchester Police say the bombing was carried out by a lone suspect who died at the scene, but they are still investigating whether the bomber may have been part of a wider network. It was the worst terror attack in the U.K. since the London bombings in 2005 and came less than three weeks before a general election on ...

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Trump's first budget: Trillions in cuts

Sessions: The border wall will be funded President Trump’s first full budget proposal lands on lawmakers’ desks Tuesday morning. It calls on Congress to spend $ 4.1 trillion next year, a little more than what is being spent this year. But it would greatly reallocate where many federal funds go — beefing up spending in some areas, while slashing itin others over the next ten years. Trump is proposing to spend more on defense, border security and infrastructure. And he wants to create a first-ever federal paid family leave program. ...

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