Author: Newyorki

NVIDIA CEO Jensen Huang has expressed confidence that U.S. technology companies will weather President Donald Trump’s proposed tariffs on semiconductors, as the chipmaker became the world’s first publicly traded company to reach a $4 trillion market valuation. In an interview with USA TODAY, Huang emphasized that the tech industry has long endured disruptions, regulations, and geopolitical tensions — and would continue to adapt. “Nobody likes disruptions and no one likes abrupt changes,” he said. “But President Trump will settle these deals, countries will reorganize, and we’ll work through it.” Trump Celebrates NVIDIA’s Milestone Huang, whose net worth is estimated by…

In a sweeping move aligned with the Trump administration’s broader federal workforce overhaul, the U.S. State Department has begun the process of laying off more than 1,300 employees, including 246 members of the foreign service and 1,107 civil service staff. The initiative follows a recent U.S. Supreme Court decision that cleared the way for mass job cuts across federal agencies. The reductions mark one of the largest reorganization efforts in the department’s recent history, and are part of Secretary of State Marco Rubio’s plan, announced in April, to cut approximately 15% of the department’s total workforce. The stated aim of…

The United States is urging its key Indo-Pacific allies, Japan and Australia, to clarify their potential roles in the event of a military conflict with China over Taiwan. The push, led by U.S. Under-Secretary of Defense for Policy Elbridge Colby, has reportedly caused unease among Japanese and Australian officials, who were not expecting such direct requests. According to five sources familiar with the matter, Colby has raised the issue repeatedly in recent meetings with defense counterparts, part of a broader effort to bolster regional deterrence against China. While Washington has maintained a long-standing policy of “strategic ambiguity” regarding Taiwan—neither confirming…

Former U.S. President Donald Trump has announced plans to impose 30% tariffs on all goods imported from the European Union and Mexico, starting August 1, 2025. The move, revealed via two official letters posted to Truth Social, marks a significant escalation in Trump’s campaign to reshape U.S. trade policy through protectionist measures. Trade Deficits and Border Security at the Center Trump justified the proposed tariffs by citing the U.S. trade deficit with both blocs, calling it a “major threat to our Economy and National Security.” In his letter to Mexican President Claudia Sheinbaum, Trump also accused Mexico of failing to…

President Donald Trump and First Lady Melania Trump arrived in Texas on Friday to assess the devastation caused by the deadly floods that swept through the Texas Hill Country on July 4. Their visit comes as recovery crews continue the search for more than 160 missing people, following what has become one of the deadliest natural disasters in Texas in the past 25 years. Over 120 Confirmed Dead, Dozens Still Missing More than 120 bodies have been recovered from floodwaters that surged through homes, camps, and public spaces after torrential rains caused the Guadalupe River to rise nearly 30 feet…

The U.S. State Department has initiated the termination process for more than 1,300 employees, marking one of the most sweeping reorganizations in the department’s recent history. The move, authorized following a recent Supreme Court ruling, has drawn sharp criticism from diplomats, unions, and foreign policy experts who warn it could undermine America’s global leadership during a period of mounting international crises. Over 1,300 Layoffs Begin According to internal communications and the American Foreign Service Association (AFSA) — the union representing State Department personnel — the job cuts will affect 246 Foreign Service officers and 1,107 Civil Service employees, most of…

Renowned mining magnate Robert Friedland has voiced strong support for President Donald Trump’s proposed 50% tariff on copper imports, calling the move “intelligent” and necessary for U.S. national security. While some industry leaders and analysts have raised concerns about the economic logic of such a high levy, Friedland argues that the decision is long overdue and aims to wake Americans up to the strategic importance of domestic mineral production. A Wake-Up Call on Critical Minerals Speaking to the Financial Times, Friedland described copper as one of many critical raw materials essential for energy transition, technological development, and defense manufacturing. “There’s…

Financial markets are caught in a state of confusion as former President Donald Trump’s policy shifts continue to create contradictory economic signals. While the White House pushes ahead with new tariffs and fiscal reforms, investors and economists alike are struggling to reconcile opposing trends in bond and equity markets. Tariffs, Flip-Flops, and Policy Contradictions Trump has repeatedly issued bold economic pronouncements — from “final” tariff threats to sweeping promises on debt and deregulation — only to backtrack shortly after. While his administration insists its policies are focused on industrial job creation and restoring dollar dominance, actions such as the weakening…

Former U.S. President Donald Trump has reignited trade tensions with Canada, announcing plans to impose a 35% tariff on Canadian imports starting August 1, unless new trade terms are reached. The move is part of Trump’s broader push to reshape global trade and exert pressure on countries he accuses of unfair practices and contributing to America’s drug crisis. Letter Sent to Canada as Part of Broader Tariff Campaign According to sources close to the administration, Trump sent a formal letter to Canadian Prime Minister Mark Carney late Thursday night. The letter outlines the U.S.’s intention to impose the steep tariff…

President Donald Trump arrived in Texas on Friday to survey the catastrophic damage caused by the devastating floods that swept through the Texas Hill Country on July 4. The floods, which rapidly overwhelmed the Guadalupe River, have resulted in at least 120 confirmed deaths, with 96 fatalities in Kerr County alone, including at least 36 children. More than 160 people remain missing, and rescue teams have not made a live rescue since the day of the flood. Presidential Visit to Kerr County President Trump, accompanied by First Lady Melania Trump, landed in Kerr County at approximately 12:20 p.m., where they…