This is Beirut - Donald Trump

EU Pauses Tariffs as Trump Eases Trade Pressure, China Left in the Crosshairs

This is Beirut, 10/04 18:00 - Reading : 4 minute(s)

Donald Trump European Union China Tariffs

The EU paused plans for retaliatory tariffs on US goods Thursday after President Donald Trump abruptly suspended higher US duties on the bloc and other countries, leaving China in the crosshairs of his trade war. Trump's about-face on Wednesday triggered a massive market rebound, but Wall Street's rally fizzled on Thursday, and the dollar slumped ...

Trump's 10% Baseline Tariffs Likely to Stay, Says Top Advisor

This is Beirut, 10/04 17:30 - Reading : 1 minute(s)

Donald Trump Tariffs China

US President Donald Trump's 10 percent tariff for almost all countries except China will likely remain in place going forward, his top economic advisor Kevin Hassett said onThursday. A day earlier, Trump announced a 90-day pause on higher tariffs against all countries except China, reversing a policy that had roiled global stock markets and ...

Russia, US Swap Prisoners in Push for Closer Ties

This is Beirut, 10/04 15:05 - Reading : 4 minute(s)

USA Donald Trump US Secretary of State Ukraine

A Los Angeles-based ballet dancer released by Russia as part of a prisoner swap landed safely in the United States Thursday night, the second swap under President Donald Trump as Moscow and Washington push to rebuild ties. Ksenia Karelina, a US-Russian dual national convicted in Russia of "treason" over a one-time donation worth around ...

US Dollar Slumps on Stop-Start Tariffs

This is Beirut, 10/04 13:55 - Reading : less than a minute

Donald Trump USA

The US dollar plunged against the euro and other main rivals again on Thursday after President Donald Trump abruptly paused higher tariffs on all countries except China, adding to investor uncertainty. The greenback lost over one percent against the European single currency, as markets also expected data later in the day to show US inflation ...

EU Suspends Counter-Tariffs for 90 Days After US U-Turn

This is Beirut, 10/04 13:50 - Reading : less than a minute

Donald Trump European Union USA

EU chief Ursula von der Leyen said Thursday the bloc will suspend a planned package of tariffs on US goods "to give negotiations a chance" after President Donald Trump's U-turn on massive duties. "While finalising the adoption of the EU countermeasures that saw strong support from our Member States, we will put them on hold for ...

US, Russia Meet in Istanbul for Talks on Embassies

This is Beirut, 10/04 11:15 - Reading : 2 minute(s)

USA Donald Trump Ukraine United States Washington

US and Russian delegations met in Istanbul on Thursday for talks on restoring the functioning of their embassies, which drastically scaled back staffing following Moscow's invasion of Ukraine. The talks, the second of their kind, come after President Donald Trump reached out to Russia following the start of his second term and offered better ties ...

Customs Duties: When China Gets Hit with a Tax — and We Get a Shock at the Checkout!

Christiane Tager, 10/04 11:00 - Reading : 5 minute(s)

Lebanon China Donald Trump Tarifs

American president Donald Trump announced on Wednesday that he would suspend his “reciprocal” customs surtaxes for 90 days. However, this decision does not apply to China. With the new American customs duties taking effect — reaching an impressive 104% for certain Chinese products — many American companies that have long relied on China to ...

Pentagon Chief Says US Could 'Revive' Panama Bases

This is Beirut, 10/04 10:25 - Reading : 4 minute(s)

USA Donald Trump Hegseth Mulino Panama Canal

US Defense Secretary Pete Hegseth floated the idea on Wednesday of US troops returning to Panama to "secure" its strategically vital canal, a suggestion quickly shot down by the Central American country's government. Hegseth suggested during a visit to Panama that "by invitation" the United States could "revive" military bases or naval air ...

US Backtracks on Some Food Aid Cuts: UN

This is Beirut, 10/04 10:05 - Reading : 1 minute(s)

USA Donald Trump United Nations United States Washington

The United States has backtracked on emergency food aid cuts it announced for 14 countries, restoring assistance to six of them, the UN's World Food Program said Wednesday. The UN agency, already struggling with financing woes, said Monday that the United States advised it Washington was eliminating emergency food aid to those 14 poor and ...

Author of Explosive Meta Memoir Stars at US Senate Hearing

This is Beirut, 10/04 10:00 - Reading : 3 minute(s)

USA Donald Trump New York US Congress

The former Facebook employee behind a scathing book about parent company Meta on Wednesday alleged that the social networking giant collaborated with the Chinese government on artificial intelligence, censorship and more, then lied to Congress about what it was doing. Former global policy director Sarah Wynn-Williams, who worked at the company ...

Trump’s Tariff Disruption: Chaos or Strategy?

Salam El Zaatari, 10/04 09:30 - Reading : 5 minute(s)

USA China Donald Trump World

In the age of globalization, few leaders have dared to question the structure that underpins the modern world economy. Donald Trump didn’t just question it, he took a wrecking ball to it. His tariff-first economic approach, widely criticized as reckless, may actually represent the beginning of a hard but necessary conversation: Should America ...

Where Things Stand in the US-China Trade War

This is Beirut, 10/04 09:05 - Reading : 4 minute(s)

Donald Trump United States USA

US President Donald Trump has ramped up his trade war against China, further raising import tariffs on Beijing to 125 percent despite pausing them for other countries. The move came hours after China announced reciprocal action against the United States in response to a previous levy hike. AFP looks at how the escalating trade war between the ...

Donald Trump