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America first, Europe last

America first, Europe last

AllAfrica2 days ago
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Trump trade deal marks Europe's capitulation
Diego Faßnacht argues that the new EU-US trade agreement, hailed by Brussels as a path to stability, actually codifies Europe's economic subordination to Washington, outsourcing its defense, energy, and industrial policy at a time of escalating global tensions.
Putin under pressure as Trump eyes secondary sanctions
James Davis reports that the Ukraine crisis is entering a more volatile phase with Trump's public disavowal of Putin ending a nascent US-Russia rapprochement. Kremlin insiders reportedly fear Trump will impose sweeping secondary sanctions on buyers of Russian energy.
In Japan, unwritten deals and unsettled leadership
Scott Foster assesses that Japanese Prime Minister Shigeru Ishiba is likely to survive mounting internal pressure to resign. Meanwhile, trade tensions with the US are drawing concern, as Japan has avoided formalizing a recent deal with Washington.
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Ukraine war: Trump moves nuclear submarines after Russia's Medvedev makes threats
Ukraine war: Trump moves nuclear submarines after Russia's Medvedev makes threats

South China Morning Post

time2 hours ago

  • South China Morning Post

Ukraine war: Trump moves nuclear submarines after Russia's Medvedev makes threats

US President Donald Trump on Friday said he had ordered two nuclear submarines to be positioned in 'appropriate regions' in response to threats from former Russian president Dmitry Medvedev. 'I have ordered two Nuclear Submarines to be positioned in the appropriate regions, just in case these foolish and inflammatory statements are more than just that,' Trump said in a social media post that called Medvedev's statements highly provocative. He added: 'Words are very important, and can often lead to unintended consequences, I hope this will not be one of those instances.' Trump did not say whether he meant nuclear-powered or nuclear-armed submarines. He also did not elaborate on the locations, which are kept secret by the US military. Trump and Medvedev, who is deputy chairman of Russia's Security Council, traded taunts in recent days after Trump on Tuesday said Russia had '10 days from today' to agree to a ceasefire in Ukraine or be hit, along with its oil buyers, with tariffs. 02:08 Trump threatens Russia with 100% 'secondary' tariffs if no deal on Ukraine ceasefire Trump threatens Russia with 100% 'secondary' tariffs if no deal on Ukraine ceasefire Moscow, which has set out its own terms for peace in Ukraine, has shown no sign that it will comply with Trump's deadline.

Wall Street falls the most since May on Trump tariff news and weak US job data
Wall Street falls the most since May on Trump tariff news and weak US job data

South China Morning Post

time3 hours ago

  • South China Morning Post

Wall Street falls the most since May on Trump tariff news and weak US job data

The US stock market had its worst day since May on Friday after the government reported a sharp slowdown in hiring and President Donald Trump imposed sweeping tariffs on imports from a number of US trading partners. The S&P 500 fell 1.6 per cent, its biggest decline since May 21 and its fourth straight loss. The index also posted a 2.4 per cent loss for the week, marking a sharp shift from last week's record-setting streak of gains. The Dow Jones Industrial Average fell 1.2 per cent, while the Nasdaq composite fell 2.2 per cent. Worries on Wall Street about a weakening economy were heavily reinforced by the latest report on job growth in the US. Employers added just 73,000 jobs in July. That is sharply lower than economists expected. The Labour Department also reported that revisions shaved a stunning 258,000 jobs off May and June payrolls. Markets also reacted to the latest tariff news. Trump announced tariff rates on dozens of countries and pushed back the scheduled effective date to August 7, adding more uncertainty to the global trade picture. 'The market has been felled by a one-two punch of additional tariffs, as well as the weaker-than-expected employment data – not only for this month, but for the downward revisions to the prior months,' said Sam Stovall, chief investment strategist at CFRA.

Trump moves nuclear subs after Medvedev comments
Trump moves nuclear subs after Medvedev comments

RTHK

time4 hours ago

  • RTHK

Trump moves nuclear subs after Medvedev comments

Trump moves nuclear subs after Medvedev comments US President Donald Trump has been sparring with the former Russian president on social media. Photo: Reuters US President Donald Trump ordered the deployment of two nuclear submarines on Friday in an extraordinary escalation of what had been an online war of words with a Russian official over Ukraine and tariffs. Trump and Dmitry Medvedev, the deputy chairman of Russia's security council, have been sparring on social media for days. Trump's post on his Truth Social platform abruptly took that spat into the very real -- and rarely publicised -- sphere of nuclear forces. "Based on the highly provocative statements," Trump said he had "ordered two Nuclear Submarines to be positioned in the appropriate regions, just in case these foolish and inflammatory statements are more than just that." "Words are very important, and can often lead to unintended consequences, I hope this will not be one of those instances," the 79-year-old Republican posted. The nuclear sabre rattling came against the backdrop of a deadline set by Trump for the end of next week for Russia to take steps to ending the conflict in Ukraine or face unspecified new sanctions. Despite the pressure from Washington, Russia's onslaught against its pro-Western neighbour continues to unfold at full-bore. An AFP analysis on Friday showed that Russian forces had fired a record number of drones at Ukraine in July. Russian attacks have killed hundreds of Ukrainian civilians since June. A combined missile and drone attack on the Ukrainian capital Kyiv early Thursday killed 31 people, including five children, said rescuers. Russian President Vladimir Putin, who has consistently rejected calls for a ceasefire, said Friday that he wants peace but that his demands for ending his nearly three-and-a-half year invasion were "unchanged". Those demands include that Ukraine abandon territory and end ambitions to join Nato. (AFP)

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