U.S. budget deficit falls 9% in May as Trump tariffs boost customs revenue
The U.S. budget deficit narrowed to $316 billion in May, marking a 9% drop from last year, largely due to a surge in customs revenue driven by President Trump’s new tariffs.
The U.S. budget deficit narrowed to $316 billion in May, marking a 9% drop from last year, largely due to a surge in customs revenue driven by President Trump’s new tariffs.
The U.S. and China have a framework trade deal on rare earths. Trump calls the deal "done," but it awaits final approval from both leaders.
The next phase of Russia-U.S. consultations on resolving diplomatic tensions will take place in Moscow “in the near future,” Russia’s Ambassador to Washington, Alexander Darchiev, confirmed in his first interview since assuming the post in March.
U.S. President Donald Trump stated that Iran's stance in nuclear negotiations has become surprisingly more aggressive, though another meeting is scheduled. He reiterated that Iran will not be permitted to develop a nuclear weapon.
Five countries, the European Union, and global airlines have urged the Trump administration to avoid imposing new national security tariffs on imported commercial planes and parts, citing potential damage to trade and aviation industries, according to documents released on Tuesday.
The World Bank has lowered its global growth forecast for 2025 to 2.3%, down 0.4 percentage points from earlier estimates, warning that escalating trade tensions and tariff hikes are clouding the global economic outlook.
Protests against immigration enforcement intensified across Texas on Monday, as part of a broader national movement challenging ICE raids and government immigration policies.
While conventional analysis frames U.S. export controls on China's semiconductor industry as a strategic economic blow, emerging research and market dynamics reveal a more complex and potentially counterproductive reality.
U.S. President Donald Trump expressed confidence in ongoing trade talks with China on Monday, saying he was receiving positive updates from officials in London, while maintaining a firm stance on export controls and economic pressure.
The UK aims to become a global leader in artificial intelligence rather than just a user, Prime Minister Sir Keir Starmer announced at London Tech Week.
President Donald Trump announced on June 9 that a new round of negotiations between the United States and Iran over the nuclear agreement is scheduled for June 12.
U.S. President Donald Trump said his recent phone call with Israeli Prime Minister Benjamin Netanyahu went “very well” and included discussions on the ongoing nuclear negotiations with Iran.
U.S. President Donald Trump said on Monday that he received positive updates from trade talks between American and Chinese officials held in London.
U.S. President Donald Trump is set to speak with Israeli PM Netanyahu as Tehran prepares a counter-proposal to Washington’s nuclear offer via Oman, amid rising tensions over Gaza aid and Iran’s enrichment program.
U.S. President Donald Trump has issued a directive to "liberate Los Angeles from the Migrant Invasion," as protests against immigration enforcement continue in the city, reportedly involving clashes between demonstrators and law enforcement.
Chinese and Hong Kong stock markets opened the week on a positive note, buoyed by gains in rare-earth and technology sectors, as investor focus shifted to high-stakes US-China trade negotiations set to begin in London.
Donald Trump’s missile defence plan, called the Golden Dome, is set to become one of the most expensive military projects in U.S. history. Let’s take a look at how it has become a reason of rivalry, between Silicon Valley’s tech disruptors and America’s traditional defence giants.
A sweeping travel ban ordered by U.S. President Donald Trump will go into effect early Monday, barring entry to citizens from 12 countries and imposing partial restrictions on travelers from seven others. The move, set to begin at 12:01 a.m. ET, has drawn strong reactions both at home and abroad.
A coalition of democracy and human rights groups has filed a lawsuit against the US State Department over its agreement with El Salvador to house migrants in the country's prison system, calling it unconstitutional and illegal.
This edition of Newshour explores the roots and ripple effects of President Trump’s clash with Elon Musk. AnewZ correspondent Oubai Shahbandar joins the program to unpack the political and economic stakes, while residents of Oakland, California share how the dispute resonates on the ground.
Iran on Saturday strongly criticised U.S. President Donald Trump's recently announced travel ban, calling it a demonstration of "deep hostility" towards Iranians and Muslims and a violation of international law.
In this episode of Inside Politics, Anastasiya Lavrina sits down with UK MP Tobias Ellwood to unpack the growing storm of global threats. From ballooning military budgets to the shifting architecture of alliances, they explore what today’s tensions reveal about the future of global security.
A major Japanese battery maker has stopped construction on a $1.6 billion plant in South Carolina, citing “policy and market uncertainty” tied to electric vehicles and global trade.
South Korean President Lee Jae-myung and US President Donald Trump spoke by phone Friday, their first conversation since Lee’s election earlier this week.
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