Incoming trade advisor Peter Navarro has reassured Americans that the tariffs planned for President-Elect Donald Trump's next term will not lead to inflationary pressures. Speaking with CNBC, Navarro pointed to the significant tariffs imposed on Chinese imports during Trump’s previous term, such as steel, aluminum, dishwashers, and solar panels. Despite fears that these tariffs would drive up prices, Navarro emphasized that they had no discernible impact on inflation. He also dismissed past warnings about inflation, recalling how critics had predicted economic chaos during Trump’s first term, only to see those fears prove unfounded.
Argentinian President Javier Milei, a staunch supporter of President-elect Donald Trump, is expected to attend Trump’s inauguration next month, marking a historic first for a foreign leader.
Japanese auto giants Honda Motor and Nissan Motor are reportedly set to begin negotiations toward a merger, aiming to combine resources and strengthen their position against global electric vehicle (EV) competitors.
Meghan Markle and Prince Harry have unveiled their 2024 holiday card, shortly after reports emerged that the couple did not receive an invitation to join the royal family’s annual Christmas celebration at Sandringham in Norfolk
President-elect Donald Trump is set to meet with TikTok CEO Shou Zi Chew on Monday at Mar-a-Lago, his resort in Florida, as the popular social media app faces a looming U.S. ban.
"When he takes office, President Trump will support the auto industry, allowing space for both gas-powered cars and electric vehicles," Leavitt said in a statement.
Two members of the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party sent letters to the CEO's of TikTok, Apple, and Google, reminding them of their need to comply with the recent court ruling that upheld the ban against TikTok.
Chinese President Xi Jinping has reportedly turned down President-elect Donald Trump’s invitation to attend his inauguration on January 20, 2025. Trump’s outreach to Xi was part of an effort to establish dialogue with not only allied nations but also with competitors and adversaries.
A recent Reuters/Ipsos poll reveals that most Americans oppose higher tariffs on imported goods if they lead to increased consumer prices. The findings highlight the political risks surrounding President-elect Donald Trump's plan to impose steep import tariffs aimed at boosting American industry and curbing illegal activities such as fentanyl trafficking.
