Trump's bigger Maga war
The President of the United States is facing the wrath of his core supporters over his administration's scandalous about-turn on the 'Jeffrey Epstein Files'.
Cancel anytime. Ad-free. Full access to Web and App.
RM 13.90/month
RM 9.73 /month
Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.
RM 12.39/month
RM 8.63 /month
Billed as RM 103.60 for the 1st year, RM 148 thereafter.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
30 minutes ago
- New Straits Times
Oil rises on Japan trade deal and stronger demand indicated by US inventories
BEIJING: Oil prices steadied in early trading on Wednesday after falling for three consecutive sessions as a US trade deal with Japan signaled progress on tariffs and a poll showed US crude stockpiles fell last week, indicating stronger demand. Brent crude futures rose 33 cents, or 0.48 per cent, to US$68.92 a barrel by 0023 GMT. US West Texas Intermediate crude futures rose 33 cents, or 0.51 per cent, to US$65.64 per barrel. President Donald Trump said on Tuesday that the US and Japan had struck a trade deal that includes a 15 per cent tariff on US imports from Japan. He also said Japan had agreed on US$550 billion in investments in the US Oil had fallen in the previous session after the EU said it was considering countermeasures against US tariffs, as hope faded for a deal ahead of the August 1 deadline. And US crude oil stockpiles were expected to have fallen last week, along with distillate and gasoline inventories, an extended Reuters poll showed on Tuesday. Nine analysts polled by Reuters ahead of weekly inventory data estimated on average that crude inventories fell by about 1.6 million barrels in the week to July 18. US crude and gasoline stocks fell last week while distillate inventories rose, market sources said, citing American Petroleum Institute figures on Tuesday. In another bullish sign for the market, the US energy secretary said on Tuesday that the US would consider sanctioning Russian oil to end the war in Ukraine. The EU on Friday agreed its 18th sanctions package against Russia, lowering the price cap for Russian crude. But analysts said a lack of US participation would hinder the effectiveness of the package.
New Straits Times
an hour ago
- New Straits Times
Japan stocks surge, bonds slide after Trump says trade deal reached
Previous Next TOKYO: Japanese automaker's shares led a surge in the Nikkei share average on Wednesday, while bonds slid after US President Donald Trump said he had reached a trade deal with Tokyo. The Nikkei rallied 2.4 per cent to 40,731.86, as of 0121 GMT, with the Tokyo Stock Exchange's transport equipment index surging 8.4 per cent. Toyota Motor soared 10.9 per cent. Benchmark 10-year Japanese government bond futures tumbled as much as 1.01 yen to 137.59 yen, their lowest since March 28. The cash 10-year JGB slumped, sending the yield up 8.5 bps at 1.585 per cent. Trump on Tuesday said in a post on his Truth Social platform that the US and Japan had struck a trade deal that includes a 15 per cent tariff that will be levied on US imports from the Asian country, down from a threatened levy of 25 per cent. Japanese national broadcaster NHK reported that specific duties on Japanese auto imports would be 15 per cent instead of 25 per cent, citing government sources. "Though details are not yet available, it is commendable that the 25 per cent baseline tariff was avoided," said Norihiro Yamaguchi, senior Japan economist at Oxford Economics in Tokyo. "Lowered uncertainty will be welcomed in the equity market." Bank shares also gained, sending the TSE's banking index up 3.7 per cent. The reduced economic uncertainty helped to clear the path for the Bank of Japan to resume interest rate hikes, with its next policy meeting set for Wednesday and Thursday of next week. "I don't think this alone will lead to a Bank of Japan rate hike next week, but the possibility of a rate hike between September and October has increased," said SMBC chief currency strategist Hirofumi Suzuki. "This will create pressure to buy yen." The yen flipped between gains and losses immediately after Trump's social media post. It was last up about 0.1 per cent to 146.48 per dollar.
Malaysiakini
an hour ago
- Malaysiakini
Trump unveils new trade deals with Indonesia, Philippines
United States President Donald Trump announced yesterday the finalisation of a 'framework' trade agreement with Indonesia that he said will eliminate 99 percent of tariffs imposed on US exports to the island nation. 'It is agreed that Indonesia will be Open Market to American Industrial and Tech Products, and Agricultural Goods, by eliminating 99 percent of their Tariff Barriers. 'The United States of America will now...
