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The Latest Breaking News from Donald Trump

Markets Don't Want More Coal. Trump Is Propping Up the Industry Anyway.

The president’s preferential treatment of fossil fuels will cost consumers.

Reason

US-China Trade War Surges, Overshadowing Trump Climbdown

The US-China trade war intensified Thursday, sending the global economy into unknown territory and dampening relief after President Donald Trump's earlier climbdown from a wider tariff onslaught against the rest of the world.

International Business Times

Pedro Pascal and Bella Ramsey put a lot of internal work into 'The Last of Us'

The “Last of Us” picks up five years where the story left off

The Independent UK

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Trump brags to NASCAR drivers that friend Charles Schwab made $2bn from stock market chaos

Donald Trump bragged that his friend and investor Charles Schwab made two billion dollars from the current stock market chaos.

The Independent UK

Four Democrats join Republicans to pass SAVE Act bill that requires proof of citizenship to vote

Voting rights advocates warn GOP bill would disenfranchise millions of eligible voters

The Independent UK

Supply Concerns Lift Coffee Prices

May arabica coffee (KCK25 ) today is up +1.50 (+0.44%), and May ICE robusta coffee (RMK25 ) is up +153 (+3.14%). Coffee prices are climbing today after President Trump paused his reciprocal tariffs on Wednesday, easing concerns about the global economy and commodity demand. Continued supply fears are also supporting...

Barchart

'Bond King' Bill Gross warns Gen Z and millennials will be the biggest losers from tariff-fueled market swings that rely on whether Trump 'had a good night's sleep'

The president pressed pause on some tariffs, but after a relief-fueled rally, stocks retreated less than 24 hours later and fears of inflation and a potential recession still swirl.

Fortune

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Has your pension value dropped due to Trump’s tariffs? Here’s why you shouldn’t worry

Unless you’re approaching retirement age, market fluctuations shouldn’t unduly worry you as far as your pension is concerned

The Independent UK

Pete Hegseth Suggests U.S. Could 'Revive' Military Bases in Panama, Draws Quick Rejection

Defense Secretary Pete Hegseth suggested the possibility of reestablishing a U.S. military presence in the country to help secure the Panama Canal, a proposal that was swiftly rejected by Panamanian officials.

Latin Times

What the spiralling trade war means for relations between the US and China

Donald Trump has partially walked back on his so-called “liberation day” tariffs on nearly all US imports after fears mounted that the move would result in a global recession and much higher borrowing costs for the US government.

The Conversation

Trade War Fears Hammer Crude Prices Again

May WTI crude oil (CLK25) today is down -2.68 (-4.30%), and May RBOB gasoline (RBK25) is down -0.0765 (-3.75%). Crude oil and gasoline prices today are sharply lower on concern the escalation of the US-China trade war will lead to a slowdown in economic growth and energy demand. Also, today's...

Barchart

Trump plans to fix showerheads and dishwashers so everything gets more clean — including his ‘beautiful hair’

President Donald Trump is trying to make America’s showers ‘great again’

The Independent UK

Apple’s Steve Jobs dealt with the 2008 financial crisis by investing his way through the downturn, instead of slashing jobs and budgets—2 years later the iconic iPad was launched

Just two years after the 2008 financial crisis, Apple released the iPad.

Fortune

House passes Republican budget framework paving way for Trump’s agenda

Multitrillion-dollar resolution unlocks path to deliver Trump’s sweeping tax cut and immigration plan

The Guardian - US

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Barchart

Is Alibaba Stock a Buy or a Sell as Trump Singles Out China for Tariffs?

While Trump has paused his reciprocal tariffs by 90 days, he has increased the tariffs on China to 145%.

Barchart

Stocks Sink on Global Economic Angst

The S&P 500 Index ($SPX ) (SPY ) today is down -5.49%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -4.68%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -6.25%. June E-mini S&P futures (ESM25 ) are down -5.82%, and June E-mini Nasdaq futures...

The Independent UK

Fund managers quietly fear Trump doesn’t have a tariff plan and that he ‘might be insane’

Some fund managers concerned ‘that the White House is not acting rationally, but rather on ideology. And some even fear that this may not even be ideology’

The Independent UK

‘Biological attack’ could be behind Europe’s latest foot-and-mouth outbreak

Hungary reported its first case in over 50 years last month, triggering border closures and the mass slaughter of cattle

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news in one place.

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The Independent UK

White House is refusing to distribute press pool reports that contain ‘inconvenient’ info

‘Now, it appears the White House is withholding reports it doesn’t like—choosing not to distribute pool reports that contain information it finds inconvenient or unflattering,’ Oliver Darcy reported on the censorship

The Independent UK

Zelensky accuses Putin’s forces of systematically recruiting Chinese citizens to fight in Ukraine war

Two Chinese citizens were caught among Russia’s ranks in Ukraine’s war-torn eastern Donetsk region

Evening Standard

PM insists UK approach to tariffs is correct as other nations offered reprieve

Donald Trump’s snap decision to halt all reciprocal levies means that even trade partners who threatened retaliation face the same 10% rate as the UK.

Euronews

BMW’s China sales drop to lowest level in five years at start of 2025

The German carmaker announced a global sales decline of 1.4%, dragged down by weak China demand, while Trump’s auto tariffs loom over the year ahead.

The Guardian - UK

UK trade minister visits China at same time as head of British military

Douglas Alexander’s unpublicised trip to talk with counterparts coincides with that of Adm Sir Tony Radakin

Fortune

You have 81 days. Here's what you should stock up on before Trump's global tariffs kick in

This is a great time to buy, as President Trump has said.

The Guardian - UK

Trump’s ‘Liz Truss moment’: when economic bravado meets market reality

The president’s U-turn after his maverick plan threatened meltdown has echoes of the 2022 UK crisis

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