Donald Trump News

Elon Musk has expressed his fear that the US national debt is spiralling out of control and has warned that America is currently headed for bankruptcy super fast. Musk, who has been tasked by President-elect Donald Trump to curb in the excessive US spending, has issued a warning that America could be nearing the verge of bankruptcy. The world's richest man and a close adviser of Trump, Elon Musk has been tasked to spearhead the newly created Department of Government Efficiency (DOGE) under the upcoming Republican administration, to find ways of saving taxpayer dollars. «America is currently headed for bankruptcy super fast,» Elon Musk wrote on X, formerly Twitter, recently. He was responding to a post on the Department of Government Efficiency's X handle that noted «the US Government spent USD 6.16. trillion while only bringing in USD 4.47 trillion» in 2023.

Subscribe to enjoy similar stories. Every month, Mint’s Plain Facts section brings out an update on key global data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India.

Subscribe to enjoy similar stories. Elections in India have become a trial by fire for pollsters. The ones who get it right are celebrated for their prescience.

Mahesh Jethmalani said on Wednesday that while US and India have had excellent relations, he believes that the Joe Biden-led Democratic administration has done 'irreparable harm' to the bilateral ties between the two countries. Jethamalani made the comments while speaking in reference to the allegations pinned against the Adani group by the US Department of Justice and the US Securities and Exchange Commission. He linked the case's timing with the exit of the Democrats from power in American as Donald Trump is set to take the Oval Office in January 2025.

Walmart’s sweeping rollback of its diversity policies is the strongest indication yet of a profound shift taking hold at U.S. companies that are re-evaluating the legal and political risks associated with bold programs to bolster historically underrepr...

President-elect Donald Trump is threatening tariffs on Mexico and Canada as he seeks to portray them as responsible for illegal immigration and drug smuggling

Subscribe to enjoy similar stories. Executives at Zeiss SMT, which makes indispensable components to build the world’s most powerful semiconductors, got some troubling news last fall. Headhunters from Huawei Technologies, the Chinese tech firm, were trying to poach its employees.

Mexican President Claudia Sheinbaum has suggested Mexico could retaliate with tariffs of its own, after U.S. President-elect Donald Trump threatened to impose 25% tariffs on Mexican goods if the country doesn’t stop the flow of drugs and migrants acros...

President-elect Donald Trump is turning to two officials with experience navigating not only Washington but the key issues of income taxes and tariffs as he fills out his economic team

President-elect Donald Trump will return to power next year with a raft of technological tools at his disposal that would help deliver his campaign promise of cracking down on immigration — among them, surveillance and artificial intelligence technolog...

U.S. stocks closed at more records after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street

With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves

Subscribe to enjoy similar stories. Donald Trump has fired the first shot. Goods arriving in America from Canada and Mexico will meet tariffs of 25% as soon as he returns to the White House, the president-elect announced on November 25th.

Subscribe to enjoy similar stories. The stiff duties that President-elect Donald Trump threatened against the U.S.’s neighbors and big trading partners, along with the additional tariffs he promised against China, could raise prices for Americans on everything from fresh fruit from Mexico to lumber from Canada and Chinese electronics. Import-reliant businesses—especially automobile manufacturers—could face significantly higher costs that they would then pass on to consumers.

Subscribe to enjoy similar stories. WASHINGTON—President-elect Donald Trump’s brandishing of tariffs on goods from Canada, Mexico and China marks the passage from one era to another: Partnerships are out, and coercion is in. Trump is showing his second term will be much like his first, defined by the economic and diplomatic fights he picked with friends as well as foes.

President-elect Donald Trump picked Kevin Hassett to lead the National Economic Council, a role that puts him at the center of the administration's policy-making discussions from trade to taxes and deregulation.

Bitcoin (BTC) traded flat on Monday around the $98,200 mark. On Friday, the cryptocurrency reached a record high of $99,830, fuelled by expectations of a more crypto-friendly regulatory environment under former President Donald Trump. At 11:01 AM IST, Bitcoin was up 0.05% at $98,270, with analysts speculating that the $100,000 milestone could soon be reached.

Emerging markets are in for a tough and uncertain year due to policy shifts in the United States and uncertain growth in China, JPMorgan said in its annual outlook, predicting emerging markets bond funds were in line for sizeable outflows. «EM growth faces significant uncertainty in 2025, caught between two giants — China and the U.S. — with policy changes in the latter potentially delivering a large negative supply shock that will have spillovers across EM,» JPMorgan said on Tuesday.

Bitcoin hit a record high of $99,830 on Nov. 22, but it has since fallen more than 8% to a one-week low of 91,377.32 on Tuesday.

Stocks in Asia saw a muted open after Donald Trump’s tariff plan roiled emerging markets in the previous session. Equities opened higher in Sydney, while dipping in Tokyo and Seoul. US equity futures were little changed after the S&P 500 rose for a seventh day to notch its 52nd record this year. A Bloomberg gauge of the dollar slipped 0.1%, paring some of its strength seen on Tuesday that pressured the Mexican peso and Chinese yuan, among others.

Several in Trump's team now see a direct approach from Trump, to build on a relationship that already exists, as most likely to break the ice with Kim, years after the two traded insults and what Trump called «beautiful» letters in an unprecedented diplomatic effort during his first term in office, the people said. The policy discussions are fluid and no final decisions have been made by the president-elect, the sources said.