EXCLUSIVE A top MAGA defector has told me the REAL revenge Elon's plotting... it could destroy Trump's legacy: KENNEDY
The long-predicted separation of President Donald Trump and Elon Musk is here. Love-blind optimists always prayed that the world's most powerful man and the world's richest man could keep their curious bromance alive, and the teary-eyed, televised Oval Office farewell that Elon received on Friday seemed to suggest that there was hope for these political darlings.
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Reuters
16 minutes ago
- Reuters
Oil prices climb on US-EU trade optimism, Russian gasoline cuts
SINGAPORE, July 25 (Reuters) - Oil prices rose on Friday, buoyed by optimism over a potential trade deal between the U.S. and the European Union and reports of Russian plans to restrict gasoline exports to most countries. Brent crude futures gained 17 cents, or 0.3%, to $69.35 a barrel by 0027 GMT. U.S. West Texas Intermediate crude futures climbed 15 cents, or 0.2%, to $66.18 per barrel. Oil settled 1% higher on Thursday, driven by media reports of expected cuts to Russian gasoline exports. This overshadowed news of Chevron Corp (CVX.N), opens new tab potentially securing U.S. approval to resume production in Venezuela. President Donald Trump's administration is preparing to allow limited oil operations in the sanctioned OPEC nation, the Wall Street Journal reported. U.S. crude inventory draws and hopes for a trade deal between the U.S. and the EU for lower tariffs were lifting futures, which fell earlier in the week over fears of a worsening global trade war. "I am encouraged by the way crude oil held and bounced away from the $65/64 support band this week, which keeps hopes intact of a rebound back towards $70," said Tony Sycamore, an analyst at IG. U.S. Energy Information Administration data on Wednesday showed crude inventories fell last week by 3.2 million barrels to 419 million barrels, far exceeding analysts' expectations in a Reuters poll for a 1.6 million-barrel draw. Two European diplomats said on Wednesday that the EU and the U.S. were moving toward a trade deal that could include a 15% U.S. baseline tariff on EU imports and possible exemptions. That could pave the way for another major trade agreement following a deal with Japan. Investors will also be turning their focus to upcoming economic data next week from the world's top two economies and largest oil consumer - factory activity data from China and key U.S. indicators such as inflation, jobs and inventory data. "It is a big week next week data-wise," IG's Sycamore said.
Reuters
16 minutes ago
- Reuters
Trump says Australia has agreed to accept American beef
WASHINGTON, July 24 (Reuters) - Australia has agreed to open its market to U.S. beef, President Donald Trump said on Thursday, after the U.S. ally eased restrictions on imports that had angered the American leader. The Trump administration hailed the deal, announced by Australia earlier on Thursday, as a win even as analysts said the step was unlikely to significantly boost U.S. shipments because beef prices are much lower in Australia. "The other Countries that refuse our magnificent Beef are ON NOTICE," Trump said in a post on Truth Social on Thursday. Since returning to the White House in January, Trump has attempted to renegotiate trade deals with multiple countries who he asserts have taken advantage of the United States over the years. Many economists have disputed Trump's characterization. Australia Agriculture Minister Julie Collins said earlier on Thursday that a "rigorous science and risk-based assessment" had concluded that U.S. measures to monitor and control the movement of cattle meant biosecurity risks that Australia was previously concerned about were being effectively managed. Meat from animals born, raised and slaughtered in the U.S. has been allowed into Australia since 2019. But few suppliers were able to prove their animals had been only in the U.S., because cattle frequently moved between the U.S., Canada and Mexico without being adequately tracked. U.S. Trade Representative Jamieson Greer said in a statement welcoming the move that Australia had imposed "unjustified barriers" on U.S. beef that were now being lifted. "American farmers and ranchers produce the safest, healthiest beef in the world. It's absurd that non-scientific trade barriers prevented our beef from being sold to consumers in Australia for the last 20 years," Agriculture Secretary Brooke Rollins said in the same statement. The U.S. has been improving its ability to monitor animals' movements to limit the spread of avian influenza and the New World screwworm, a parasite that eats cattle alive. Recognizing those improvements, Australia will now also accept beef sourced from cattle born in Canada or Mexico and legally imported and slaughtered in the U.S., the Australian agriculture ministry said. Australian firms will be able to apply for import permits from July 28, it added.
Sky News
16 minutes ago
- Sky News
Snipers, Secret Service sweeps and a personal chef on standby: Scotland awaits Trump's arrival
Donald Trump likes a wall. And now he has his very own 15ft-high metal barrier creating a fortress as he tees off for a weekend of politics, play and precision in Scotland. An almost surreal contrast now exists in the tiny Ayrshire village of Turnberry. On one side, the stunning coastline and luxury hotel that bears the president's name. And on the other, an armed buffer zone with sniper teams and road checkpoints. This visit is unlike those that have gone before. The threat level and associated security on display is unprecedented following the attempted assassination of Trump at a campaign rally in the US. "It would be inappropriate for me to plan an operation and not bear in mind what has happened," the senior officer in charge of this weekend's policing efforts told me. Turnberry, and its population of about 200 people, have this week witnessed a never-ending stream of Army trucks, terrorist sweeps, road checkpoints, airspace restrictions, sniper positions being erected and Secret Service agents roaming around. It is the most extensive security deployment in Scotland since the death of the late Queen in 2022. It is estimated around 5,000 officers will be on the streets, with teams coming from across the UK to assist. The spectacle primarily centres on Donald Trump coming to play golf before the arrival of Prime Minister Sir Keir Starmer for talks, likely on Monday. The president, whose mother was born on the Scottish island of Lewis, is then scheduled to travel to his Aberdeenshire resort where a new golf course is set to open. 'Trump is a decent boss' Stephanie Campbell and Leanne Maxwell live in Turnberry and used to work at the Trump-owned resort, like many other locals. The pair told Sky News the very first lesson staff at the resort are given is not in fine service or guest etiquette, but in how to respond to a bomb threat. It is claimed there are posters above the landline phones in the hotel with instructions on the worst-case scenario. Stephanie told Sky News: "I had no issues working for him, he is a really decent boss. "The last time he came there was an element of excitement, I think this time there comes with an added element of concern. "It brings a lot higher threats and security and it's much more difficult for everybody in the area." Echoing her concerns, Leanne told Sky News: "Security is obviously being bumped up. It's quite worrying. He's quite a man, ain't he?" Sweeps of the rooms are carried out by US Secret Service agents after housekeeping staff complete their duties and Trump's meals, they say, are prepared by a personal chef to avoid the risk of poisoning. To the outside world, these measures seem standard for a US president. But to those who live in Turnberry, it's far from normal when they have a date with the commander-in-chief. Awkward encounters Prestwick Airport has become something of an American airbase in recent days. The infamous armoured limousine, known as "The Beast", has been spotted being wheeled out of a US military plane as the presidential motorcade prepares for his arrival tonight. Greeting the president at the doors of Air Force One will be the secretary of state for Scotland, Ian Murray, who previously supported a motion alleging Trump was guilty of "misogynism, racism and xenophobia". Another awkward encounter could come in the form of Scottish First Minister John Swinney's showdown with Mr Trump next week. The SNP leader, who publicly backed Kamala Harris in the presidential race, called for September's state visit to be scrapped after the Ukrainian president's visit to the White House descended into a shouting match live on TV earlier this year. Demonstrations are planned throughout the weekend, with marches and protests announced in Glasgow, Edinburgh and Aberdeen. Kirsty Haigh, from Scotland Against Trump, claims the president uses Scotland to "cleanse his image" and he should not be able to use the country as an "escape" from his views. She told Sky News: "He should not be welcomed by us, by our leaders. "We want to see a Scotland that is very different than [the] America that's being created."
