Washington Financial News
01.04 / 02:57
UPS
Strategy
Align
Trade
President
Universities
country
Trump says he settled on ‘Liberation Day’ tariff plan, but doesn’t reveal it
Subscribe to enjoy similar stories. WASHINGTON—President Trump said that he had settled on a plan for his latest batch of tariffs expected this week but didn’t reveal what he had decided, after his economic team struggled to coalesce around a remade U.S. trade strategy.
01.04 / 01:37
MET
FIVE
Cooper
Trade
President
country
China, Japan, South Korea will jointly respond to US tariffs, Chinese state media says
The comments came after the three countries held their first economic dialogue in five years on Sunday, seeking to facilitate regional trade as the Asian export powers brace against U.S. President Donald Trump's tariffs. Japan and South Korea are seeking to import semiconductor raw materials from China, and China is also interested in purchasing chip products from Japan and South Korea, the account, Yuyuan Tantian, said in a post on Weibo. All three sides agreed to strengthen supply chain cooperation and engage in more dialogue on export controls, the post said. During Sunday's meeting, the countries' trade ministers agreed to «closely cooperate for comprehensive and high-level» talks on a South Korea-Japan-China free trade agreement deal to promote «regional and global trade», according to a statement released after the meeting.
31.03 / 22:55
31.03 / 12:15
security
Research
President
Universities
country
Department
Relationships
A Peter Thiel protégé is leading Trump’s AI strategy against China
Subscribe to enjoy similar stories. WASHINGTON : Many Trump administration officials work on national security or artificial intelligence. Michael Kratsios is thinking about how they collide.
31.03 / 07:31
CEO
Racing
Tesla
Election
President
Courts
'Say Hi to George for me': Elon Musk laughs at protestors who disrupted him at Wisconsin rally
Elon Musk did not miss the opportunity to take aim at billionaire George Soros after being interrupted by a heckler at a Wisconsin rally on Sunday. While speaking at a town hall event in Green Bay, Wisconsin, on Sunday, Musk's speech was disrupted by an audience member. The Tesla CEO responded by linking the disruption to George Soros and said, “It was inevitable that at least a few Soros operatives would be in the audience… give my regards to George! Say Hi to George Soros for me.”
31.03 / 07:03
Election
President
Doge
Courts
Videos
Interviews
Headlines
Trump is ‘not joking’ about third term. President says "there are methods" for doing so
Donald Trump knows how to dominate the news headlines. On Sunday, the President reiterated that he could pursue a third term as US President, even though such a move could challenge the constitutional two-term limit established by the 22nd Amendment. President Trump, in an interview to NBC News, said that there were methods for doing so and clarifying that he was “not joking.”
31.03 / 07:01
UPS
security
President
War
shock
Harsh Pant: Trump’s dice roll will throw up a new world order
Subscribe to enjoy similar stories. In his two months in office, US President Donald Trump has given a new meaning to the term ‘disruption.’ Before he took his second presidential avatar, the term was discussed mostly in hypothetical terms in seminar rooms and conference circuits. But eight weeks plus of Trump 2.0 have made disruption the operational reality for the global order.
31.03 / 06:21
Election
BAY
President
show
stage
Courts
Videos
Video: Elon Musk's 'cheesy' stunt as he hands out $1 million checks to voters in Wisconsin
Elon Musk gave out $1 million checks on Sunday to two Wisconsin voters, declaring them spokespeople for his political group. Musk's move came ahead of a Wisconsin Supreme Court election that the tech billionaire cast as critical to President Donald Trump's agenda and “the future of civilization.” Musk was the star of a 2,000-person rally Sunday night in Wisconsin and he stunned attendees at the town hall wearing a cheese hat — an ode to the state's cheese industry and also its Green Bay Packers football team. «BREAKING: Elon Musk takes the stage in Wisconsin and throws a signed Cheesehead hat into the crowd,» the tech mogul's America PAC wrote on his platform, X, on Sunday evening, adding a cheese emoji and an American flag emoji. ALSO READ: 'I am almost done...': Elon Musk to quit DOGE and leave Washington DC after $1 trillion in US govt cuts
30.03 / 20:17
UPS
BLOCK
Ball
Parke
Department
IPL 2025: Du Plessis, Mitchell Starc guide DC to seven-wicket win over SRH
Once DC openers made a quick start off the block, the result was never in doubt, but their approach was vastly different. Du Plessis wound the clock back with some stunning shots, such as a straight six off Pat Cummins. But at other end, McGurk was struggling for his timing, partly because of his exaggerated back-lift and partly because of his desire to hit all the ball out of the park. However, his senior partner was willing to do the heavy-lifting and brought up his fifty in 26 balls.
30.03 / 19:15
markets
Assurant
Apple
Research
Trade
President
Relationships
'No need for Trump tariffs, trade pact talks on'
reciprocal tariffs, India has communicated to Washington that the focus of the trade relationship should be a bilateral trade agreement (BTA) to address any concerns over import duties, said people with knowledge of the matter. US officials who were in Delhi last week to negotiate the BTA told their Indian counterparts that the message would be conveyed to the White House as the final decision would be made there, the people told ET on condition of anonymity. Assistant US trade representative for South and Central Asia Brendan Lynch was in India from March 26-29 to discuss the BTA. The joint statement issued on Saturday after the talks did not mention reciprocal tariffs.
30.03 / 15:31
WhatsApp
President
War
show
reports
peace
Trump says 'very angry, pissed off' with Putin
Trump said Sunday he was «very angry, pissed off» with Russian leader Vladimir Putin, NBC reported, marking a sharp change of tone as Washington seeks to end the war in Ukraine. NBC's Kristen Welker said Trump had called her to express his anger over Putin questioning Ukrainian President Volodymyr Zelensky's future as a leader — something that Trump himself has done. Welker, on her NBC show «Meet The Press» on Sunday, quoted directly from an early-morning telephone conversation with the president. Trump said that «if Russia and I are unable to make a deal on stopping the bloodshed in Ukraine, and if I think it was Russia's fault» then he would impose «secondary tariffs on all oil coming out of Russia.» Welker said Trump told her «I was very angry, pissed off» when Putin started making comments about Zelensky's credibility and talking about new leadership in Ukraine.
30.03 / 12:57
security
WSJ
Doge
information
reports
Department
rowing
Double trouble for Pete Hegseth? US Defense Secretary under fire for another controversy amid chat leak row
Signal chat leak row mounted troubles for US Defense Secretary Pete Hegseth, he is under fire again- this time for allegedly bring his wife to high-sensitive military meetings, reports the Wall Street Journal. Pete Hegseth's wife attended two meetings with foreign defense officials during which sensitive information was discussed, the report stated. The WSJ's report on Pete Hegseth comes at a time when he is already facing scrutiny for detailing plans of a military strike in a group chat on Signal, made public by a journalist at the Atlantic who had been added to the chat. Multiple Democrats have called for his resignation while a bipartisan group of senators sent a letter to the defense department calling for an inquiry into the group chat. ALSO READ: 'I am almost done...': Elon Musk to quit DOGE and leave Washington DC after $1 trillion in US govt cuts
30.03 / 11:57
UPS
Action
Assurant
President
War
Doge
country
Pete Hegseth's big praise for Japan in face of Chinese aggression and amid Trump tariff threat
Pete Hegseth called Japan on Sunday an «indispensable partner» in deterring growing Chinese assertiveness in the region and announced upgrading the US military command in Japan to a new «war-fighting headquarters.» Hegseth, who is on his first Asia trip with Japan as his second stop, also stressed the need for both countries to do more to accelerate the strengthening of their military capability as the region faces China's assertive military actions and a possible Taiwan emergency. «Japan is our indispensable partner in deterring Communist Chinese military aggression,» Hegseth said at the beginning of his talks with Japan's Defence Minister Gen Nakatani in Tokyo. «The US is moving fast, as you know, to reestablish deterrence in this region and around the world.» His comments come as an assurance at a time when Japan has been worried about how US engagement in the region may change under President Donald Trump's «America First» policy, Japanese defence officials said, speaking on condition of anonymity, citing protocol. ALSO READ:'I am almost done...': Elon Musk to step down from DOGE and quit Washington DC after $1 trillion in US govt cuts
30.03 / 09:33
UPS
Booking
security
SPY
country
The ambitious and ambiguous rise of Huawei as a telecom giant
Subscribe to enjoy similar stories. Washington Post technology reporter Eva Dou’s House of Huawei promises to unravel the enigma of the Chinese telecom titan Ren Zhengfei, and how he built the world’s largest telecommunications equipment company by revenue. That it ends up more like a diligent history lesson than a sharp expose isn’t entirely Dou’s fault.
30.03 / 02:47
MET
Cooper
Progressive
WhatsApp
Trade
country
South Korea, China, Japan agree to promote regional trade as Trump tariffs loom
The countries' three trade ministers agreed to «closely cooperate for a comprehensive and high-level» talks on a South Korea-Japan-China free trade agreement deal to promote «regional and global trade», according to a statement released after the meeting. «It is necessary to strengthen the implementation of RCEP, in which all three countries have participated, and to create a framework for expanding trade cooperation among the three countries through Korea-China-Japan FTA negotiations,» said South Korean Trade Minister Ahn Duk-geun, referring to the Regional Comprehensive Economic Partnership. The ministers met ahead of Trump's announcement on Wednesday of more tariffs in what he calls «liberation day», as he upends Washington's trading partnerships. Seoul, Beijing and Tokyo are major U.S. major trading partners, although they have been at loggerheads among themselves over issues including territorial disputes and Japan's release of wastewater from the wrecked Fukushima nuclear power plant.
30.03 / 02:47
Fighting
security
President
War
travelers
peace
Pentagon chief Hegseth says 'warrior' Japan indispensable to deter China
U.S. Defense Secretary Pete Hegseth said on Sunday that Japan was indispensable in tackling Chinese aggression by helping Washington establish a «credible» deterrence in the region, including across the Taiwan Strait. «We share a warrior ethos that defines our forces,» Hegseth told Japanese Defence Minister Gen Nakatani at a meeting in Tokyo. Calling Japan a «cornerstone of peace and security in the Indo-Pacific», the Pentagon indicated that suggested President Donald Trump's government would, like past administrations, continue to work closely with its key Asian ally. Japan hosts around 50,000 U.S. military personnel, squadrons of fighter squadrons and Washington's only forward deployed aircraft carrier strike group along a 3,000-km (1,900-mile) archipelago that helps hem in Chinese military power. Hegseth's praise of Japan contrasts with the criticism he levelled at European allies in February, telling them they should not assume the U.S. presence there would last forever.
30.03 / 02:47
MET
security
President
Inside
Relationships
'Should I fire him?' Inside Trump's deliberations over the fate of Michael Waltz
Donald Trump was consumed by a single question. What should he do about his national security adviser, Michael Waltz? «Should I fire him?» he asked aides and allies as the fallout continued over the stunning leak of a Signal group chat set up by Waltz, who had inadvertently added a journalist to the thread about an upcoming military strike in Yemen. In public, Trump's default position has been to defend Waltz and attack the media. On Tuesday, the day after Jeffrey Goldberg of The Atlantic broke the story about being included in the chat, the president said Waltz was a «good man» who had nothing to apologize for. But behind the scenes, Trump has been asking people inside and outside the administration what they thought he should do. He told allies that he was unhappy with the press coverage but that he did not want to be seen as caving to a media swarm, according to several people briefed on his comments. And he said he was reluctant to fire people in the senior ranks so early in his second term.
29.03 / 19:13
markets
UPS
security
Trade
country
Department
India, US hold trade talks; to work towards negotiating first tranche of FTA
trade talks in New Delhi as part of efforts to negotiate the first tranche of a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) by fall of 2025. Representatives of India's Department of Commerce and the Office of the U.S. Trade Representative held meeting in the national capital for four days beginning March 26 as a follow up to the two countries agreeing to expand bilateral trade to reach USD 500 billion by 2030, including through the conclusion of a Bilateral Trade Agreement (BTA). A Commerce and Industry Ministry release said that in order to realize the shared objective of promoting growth that ensures fairness, national security and job creation, both sides have through four-days of discussions in New Delhi broadly come to an understanding on the next steps towards a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA), with the goal to finalize its first tranche by fall 2025. Sectoral expert level engagements under the BTA will start virtually in the coming weeks and pave the path for an early negotiating round in person. «During these discussions the two sides also had a productive exchange of views on deepening bilateral cooperation in priority areas including increasing market access, reducing tariff and non-tariff barriers and deepening supply chain integration in a mutually beneficial manner,» the release said.
29.03 / 11:31
UPS
Provident
security
economy
wellness
President
Trump’s new Ukraine proposal looks like an offer it must refuse
Subscribe to enjoy similar stories. KYIV : The Trump administration expects Ukraine to quickly sign a new agreement that gives Washington broad power over its ally’s economy. The problem is that Ukraine almost certainly can’t accept the terms.
28.03 / 19:13
Digital
security
Apple
wellness
Trade
country
Equality
Tit-for-tat tariffs looming, EU mulls concessions for US
Donald Trump's administration to secure the partial removal of the US tariffs that have already started hitting the bloc's exports and that are set to increase after April 2. European Union officials were told at meetings this week in Washington that there was no way to avoid new auto and so-called reciprocal tariffs that Trump is launching next week, according to people familiar with the talks. Discussions also began on what the contours of a potential deal to reduce them should eventually look like. That has prompted the European Commission, which handles trade matters for the EU, to start working on a «term sheet» for a potential agreement, which would set out areas for negotiations on the punitive trade measures, including lowering its own duties, mutual investments with the US as well as easing certain regulations and standards, said the people. VAT considered fair The reciprocal tariffs are meant to strike out against what Trump considers to be unfair levies on US goods as well as non-tariff barriers, like domestic regulations and how countries collect taxes, including the bloc's value-added tax, digital taxes and regulations. The EU says its VAT is a fair, non-discriminatory tax that applies equally to domestic and imported goods. A spokesperson from the commission declined to comment.
28.03 / 14:53
markets
UPS
Waters
Action
Election
Trade
President
Trump ushers in ‘new high water mark’ for deregulation
Subscribe to enjoy similar stories. WASHINGTON : President Trump is following through on his pledge to usher in one of the most sweeping deregulatory drives in modern U.S. history, moving swiftly to slash environmental rules and bank oversight, remove barriers to cryptocurrencies, and reverse the Biden administration’s restrictions on energy production.
what's happening in Washington
What is the current situation in Washington?
In Washington, the spotlight is on major events that spark public discussion.
Where can I find reliable news about Washington?
We publish verified updates about the situation in Washington, based on information from regional journalists.
What shapes the media agenda in Washington?
The news landscape of Washington is shaped by key decisions by local authorities, reflecting its specific characteristics.