The assumptions of Trump’s first budget will need further scrutiny in the wake of economists terming it as being based on “rosy assumptions”. In efforts aimed at cutting the funding of healthcare and food assistance programs, U.S. President Donald Trump… Read More ›
fallout
The Trump Administration has started ‘extreme vetting’ vetting at Australia’s detention centers
Trump had labeled the deal as “dumb”. As per two sources located at Australia’s offshore detention centers, officials from the U.S. Homeland Security have begun “extreme vetting” interviews in Australia. Trump had termed Washington’s refugee swap deal with Australia as… Read More ›
Britain suspends election campaigning in the wake of terror attacks
Ariana Grande’s concert venue was the target of a terror attack in Manchester. Political parties in Britain have agreed to suspend election campaigning, until further notice, in the wake of a terrorist attack in Manchester, at a concert by U.S… Read More ›
Investors getting increasingly trepid on ‘Trump Trade’
The firing of the former FBI Director, James Comey, by U.S. President Donald Trump, has unleashed a wave that is threatening to drown the Trump’s presidency. The resulting economic uncertainties is what the market is worried about. With U.S. President… Read More ›
Investors and lobbyists are increasingly worried on the Trump’s Administration’s ability to push legislative agendas
This essentially sums up the mood “less drama from the White House”. With U.S. President Donald Trump increasingly getting tangled in scandals and controversies, Republican lawmakers and lobbyists are of the view that the prospects for passing sweeping tax cuts,… Read More ›
Trump extends sanctions relief to Iran under U.S.-Iran nuclear deal
Trump has however sanctioned a Chinese man and three Chinese companies along with two senior Iranian defense officials for supporting Iran’s ballistic missile program. In a move that has caught many by surprise, U.S. President Donald Trump has extended wide… Read More ›
Capitol Hill witnesses a flurry of activities as the Trump Administration prepares to trigger NAFTA renegotiations
Although Commerce Secretary Wilbur Ross prefers bilateral deals with Mexico and Canada, senate participants have disclosed that things are leaning towards trilateral negotiations. Several members of the Senate Finance Committee have disclosed that the Trump administration aims at keeping the… Read More ›
Intelligence sharing pact with U.S. ally at risk
The Washington Post has reported that U.S. President Donald Trump shared intelligence with Russians without first consulting the source who supplied that piece of intelligence thus endangering intelligence sharing ties amongst U.S. allies. Reuters has reported that U.S President Donald… Read More ›
The gasoline industry is all set to be transformed
Asian economies and electric carmakers are going to be key players in this unfolding scenario. Oil and auto executives have disclosed, with India and China shifting their focus from gas-guzzling gasoline engine powered cars to electric vehicles, demand for gasoline… Read More ›
U.S. China rack up deals to boost trade ties
It isn’t clear how these deals will have an economic impact given the fact that despite a 2012 WTO ruling, China has yet to issue operating licenses to Visa & MasterCard to operate in China. On Thursday, U.S Commerce Secretary… Read More ›