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Tag: Trump

It's now up to President Trump to rescue the stock market from ending 2018 in the red

It's now up to President Trump to rescue the stock market from ending 2018 in the red

Finance
If the stock market is going to end the year with gains, it could all come down to this weekend and the meeting between President Donald Trump and China President Xi Jinping. Stocks have been whipped by headlines on trade, and on Thursday alone the market was encouraged by comments from Trump that he wanted a deal but then disappointed when he said he wasn't sure he would agree to one. Stocks also fell because of reports that Trump trade advisor Peter Navarro, a China hawk would be in attendance at the dinner meeting Saturday night. But then the market bounced on a Wall Street Journal report that said the U.S. and China were exploring a deal where the U.S. would hold off of further tariffs until spring,...
Trump threatens to cut General Motors subsidies

Trump threatens to cut General Motors subsidies

Business
Donald Trump has threatened to cut subsidies for General Motors after the largest US carmaker said it would close plants in America and layoff thousands of workers. The US president tweeted: "Very disappointed with General Motors and their CEO, Mary Barra, for closing plants in Ohio, Michigan and Maryland."Nothing being closed in Mexico and China."The US saved General Motors, and this is the THANKS we get! We are now looking at cutting all @GM subsidies, including..." Very disappointed with General Motors and their CEO, Mary Barra, for closing plants in Ohio, Michigan and Maryland. Nothing being closed in Mexico & China. The U.S. saved General Motors, and this is the THANKS we get! We are now looking at cutting all @GM subsidies, in...
Trump stands with Saudi Arabia despite Khashoggi killing

Trump stands with Saudi Arabia despite Khashoggi killing

World
Donald Trump has admitted Saudi Arabia's crown prince may have known about Jamal Khashoggi's killing - but will not punish the country financially. The US president said America plans to remain a "steadfast partner" of the kingdom.Mr Khashoggi, a journalist and staunch critic of the Saudi rulers, was murdered inside the Saudi consulate in Istanbul on 2 October after entering to obtain documents so he could marry his Turkish fiancee.Mr Trump said: "Our intelligence agencies continue to assess all information, but it could very well be that the crown prince had knowledge of this tragic event - maybe he did and maybe he didn't!"We may never know all of the facts surrounding the murder of Mr Jamal Khashoggi. In any case, our relationship is with the Kingdom of Saudi Arabia."Th...
Khan rebukes Trump over 'false' bin Laden claims

Khan rebukes Trump over 'false' bin Laden claims

World
Imran Khan has fired back at Donald Trump, accusing him of "adding insult to injury" after the American president suggested Pakistan harboured Osama bin Laden despite receiving billions in US aid. The former cricketer and Pakistani prime minister said his country had suffered 75,000 casualties and lost $ 123bn (£95.7bn) during America's so-called War on Terror despite no one from his country being involved in the 9/11 terror attacks.Hitting back on Twitter, Mr Khan said the US merely provided a "miniscule" $ 20bn (£15.6bn) in aid."Trump's false assertions add insult to the injury Pak has suffered in US WoT [War on Terror] in terms of lives lost & destabilised & economic costs," he wrote. "He needs to be informed abt historical facts. Pak has suffered enough fighti...
California wildfires: Trump visits state's deadliest blaze

California wildfires: Trump visits state's deadliest blaze

World
Media playback is unsupported on your device US President Donald Trump has visited California to survey the deadliest and most destructive wildfire in the state's history.The Camp Fire, in northern California, has killed at least 76 people.More than 1,200 people have been reported missing, although officials say that figure could fluctuate.In the destroyed town of Paradise, Mr Trump described the scene as "sad" and reiterated his disputed claim that poor forest management was to blame."We do have to do management maintenance and we'll be working also with environmental groups. I think everyone's seen the light," he said."I don't think we'll have this again to this extent," he added.Experts have pointed to the weather, climate change and popula...