logo
Trump's week that was: Deals, claims and downgrade

Trump's week that was: Deals, claims and downgrade

Donald J Trump has a mastery over occupying attention, verbalising to dominate discourse. Trump explained his approach in The Art of the Deal: 'I play to people's fantasies. People want to believe that something is the biggest and the greatest and the most spectacular.'
As the world grappled with uncertainty and his word salads, Trump embodied the political version of the film Everything Everywhere All At Once, an exploration of alternative visions and realities. Trump started the week claiming to be a peace-maker. 'My administration helped broker an immediate ceasefire, I think a permanent one between India and Pakistan.' By Thursday, active intervention was toned down to passive persuasion, that he helped settle the tensions between India and Pakistan.
Trump's week didn't end well, stained by a no-show by Vladimir Putin, Republicans in rebellion and a downgrade of US by Moody's. That said, the wizardry was in full display Monday through Friday, as Trump courted the royalty of Saudi Arabia, Qatar and the UAE to charm and be charmed. The imagery of flattery, tariff threats, and claims of glory were inescapable across touch screens and living rooms. To assess the success, it is necessary to sift the daylight between hyperbole and reality.
Trump presented Saudi Arabia with a glimpse of the artful dodge, deal-making with a cocktail of geopolitics and geo-economics. The lifting of sanctions over Syria and a photo-op meeting with Syria's Ahmed al-Sharaa, at the behest of Saudi Crown Prince Mohammad bin Salman, provided mood music for the parade of deals. Trump claimed the Saudis would invest over $600 billion in the US. Typically, he summed up saying, 'We are rocking.'

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Tesla stock slides over 5% after Elon Musk criticizes Donald Trump, President says he's disappointed
Tesla stock slides over 5% after Elon Musk criticizes Donald Trump, President says he's disappointed

Time of India

time20 minutes ago

  • Time of India

Tesla stock slides over 5% after Elon Musk criticizes Donald Trump, President says he's disappointed

Tesla Shares Drop Over 5% Amid Musk-Trump Fallout Donald Trump Is Very Disappointed With Elon Musk Live Events False, this bill was never shown to me even once and was passed in the dead of night so fast that almost no one in Congress could even read it! — Elon Musk (@elonmusk) June 5, 2025 Musk Denies Being Consulted on the Bill Analysts Weigh In on Risks for Tesla FAQs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Tesla shares dropped over 5% on Thursday after investors noticed the growing tensions between Tesla CEO Elon Musk and US president Donald Trump, as per a report. The slide comes as Musk openly criticized Trump's massive tax legislation, stirring speculation that the once-friendly relationship between them may be coming to an end, according to a Reuters who called himself Trump's 'First Buddy' and led the administration's Department of Government Efficiency (DOGE) initiative, took to his social media platform X to call the legislation a 'disgusting abomination,' as per the report. The Tesla CEO said, "It more than defeats all the cost savings achieved by the DOGE team at great personal cost and risk," as quoted by responded by pointing out that Musk was upset because the bill would remove the electric vehicle mandates and said, "Don't know if we'll have a great relationship anymore," as quoted in the READ: Cargo ship carrying electric vehicles catches fire off Alaska – key points you need to know The US president also told reporters in the Oval Office on Thursday that, "I'm very disappointed with Elon. I've helped him a lot. He knew the inner workings of the bill better than anybody sitting here. He had no problem with it. All of a sudden he had a problem & he only developed the problem when he found out we're going to cut EV mandate," as per a post shared by Musk on his X went on to respond to Trump's accusations on X, by saying, "False, this bill was never shown to me even once and was passed in the dead of night so fast that almost no one in Congress could even read it!" as per Musk's X a portfolio manager at Argent Capital Management, Jed Ellerbroe told Reuters, "The budget bill contains bad stuff for Tesla with the end of the EV credits, and just generally his falling out with Trump has risks for Tesla and Elon's other companies," as quoted in the are worried because Elon Musk publicly criticized President Trump's tax bill as the tension might hurt Tesla's called it a 'disgusting abomination' and said it cancels out cost savings his government efficiency team worked hard to achieve.

Donald Trump says it might be good to let Ukraine and Russia ‘fight for a while'
Donald Trump says it might be good to let Ukraine and Russia ‘fight for a while'

Mint

time27 minutes ago

  • Mint

Donald Trump says it might be good to let Ukraine and Russia ‘fight for a while'

During a meeting in the Oval Office with German Chancellor Friedrich Merz on Thursday, President Donald Trump remarked that it might be better to allow Ukraine and Russia to 'fight for a while' before stepping in to separate them and pursue peace. Comparing the conflict to a quarrel between two young children who despise each other, Trump said he had conveyed this analogy to Russian President Vladimir Putin during their phone conversation the previous day. Chancellor Merz, seated alongside Trump, emphasised their shared condemnation of the ongoing war, describing it as 'terrible' and highlighting Trump's role as a key figure capable of ending the bloodshed. However, Merz was clear that Germany firmly supports Ukraine, noting that Kyiv targets only military objectives and not Russian civilians. 'We are trying to get them stronger,' he added. This marked the first in-person meeting between the two leaders, who exchanged pleasantries including a gift from Merz to Trump—a gold-framed birth certificate of Trump's grandfather, Friedrich Trump, who emigrated from Germany. Their discussions were expected to cover a range of issues including the war in Ukraine, trade relations, and NATO defence spending. Since assuming office on 6 May, Merz and Trump have spoken several times by phone, with German officials describing the relationship as 'decent' and Merz seeking to avoid the antagonism that characterised Trump's dealings with his predecessor, Angela Merkel. Merz, a conservative with a strong business background and former rival to Merkel, has been active in diplomatic efforts surrounding Ukraine, travelling to Kyiv shortly after taking office and hosting President Volodymyr Zelenskyy in Berlin last week. A White House official indicated that Trump planned to raise topics such as Germany's defence spending, trade, Ukraine, and concerns over 'democratic backsliding,' suggesting that shared values like freedom of speech have deteriorated in Germany and should be restored. Merz responded by saying he was open to discussing German domestic politics but stressed that Germany generally refrains from commenting on American internal affairs. Under Merz's predecessor, Olaf Scholz, Germany became the second-largest supplier of military aid to Ukraine after the United States. Merz has pledged to maintain this support and recently committed to assisting Ukraine in developing long-range missile systems free from range restrictions. Despite his comments on letting the conflict play out, Trump did not rule out sanctions, warning that 'when I see the moment where it's not going to stop … we'll be very, very tough,' signalling that sanctions could be imposed on both Ukraine and Russia. Domestically, Merz's government is intensifying efforts to strengthen the German military, a campaign initiated by Scholz following Russia's full-scale invasion of Ukraine. Trump, who criticised Germany during his first term for failing to meet NATO's 2% GDP defence spending target, is now demanding that allies increase their contributions to at least 5%. The upcoming NATO summit in the Netherlands later this month is seen as a crucial opportunity for Germany to commit to this higher spending level.

After Procter & Gamble cuts 7,000 jobs, Walmart now set to lay off over 100 tech workers in California
After Procter & Gamble cuts 7,000 jobs, Walmart now set to lay off over 100 tech workers in California

Time of India

time31 minutes ago

  • Time of India

After Procter & Gamble cuts 7,000 jobs, Walmart now set to lay off over 100 tech workers in California

Walmart is planning to cut over 100 tech jobs in California as part of a bigger corporate layoff plan. The company says it's reshaping its teams to work faster and serve customers better. This comes soon after Procter & Gamble also announced major job cuts. Tired of too many ads? Remove Ads Here's why Walmart is cutting tech jobs Tired of too many ads? Remove Ads FAQs Walmart is cutting 106 tech jobs at its Global Tech office in San Bruno, California. These jobs will be permanently gone by August 22. These layoffs are part of a bigger plan by Walmart to cut around 1,500 corporate jobs across the U.S., as per job cuts will affect people working in global technology, U.S. e-commerce fulfillment, and advertising teams. Walmart says this is part of a 'restructuring' to help make decisions faster and to improve operations in a fast-changing business company wants to 'accelerate how we deliver and adapt' to customer needs. In their words, the goal is to 'sharpen focus' and deliver the kind of retail experience they think people will want in the is America's largest private employer with around 1.6 million workers in the U.S. Even though some jobs are being cut, Walmart says it is also creating new roles at the same time. But Walmart has refused to make any public comments about these specific layoffs, as per the report by San Francisco layoffs are happening just as Procter & Gamble also cut 7,000 jobs, showing a trend in big U.S. companies trimming workforce. Recently, during a company earnings call, Walmart warned that tariffs from the Trump administration might make things more expensive for customers, as per the layoff news, former President Trump posted on Truth Social that Walmart shouldn't raise prices and instead 'eat the tariffs' because it made billions in profits last leaders told Wall Street Journal that the layoffs are not because of trade or political issues, but instead are part of a long-term business plan, as per Wall Street says it's to make teams faster and more focused for future Walmart says the layoffs are part of a long-term business plan, not trade issues.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store