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American Military News
3 days ago
- Business
- American Military News
Trump says US won't agree to any uranium enrichment by Iran
The U.S. will not allow any uranium enrichment as part of any deal with Iran under any deal the countries reach, President Donald Trump said. Trump made the comment in a social media post Monday evening, without elaborating. The U.S. president has regularly signaled that he thinks a deal may be near, and said Iran could face military strikes otherwise. Trump has long pledged that Iran will not have a nuclear weapon. He also said last week that he told Israeli Prime Minister Benjamin Netanyahu that a military strike on Iran would be 'inappropriate' right now as 'we're very close to a solution.' Iran, meanwhile, has said it wants clear assurances of the end of sanctions in any deal. The U.S. has not yet been willing to specify how sanctions would be lifted, Iran's Foreign Ministry Spokesman, Esmail Baghaei, said during a press conference in Tehran on Monday. ___ © 2025 Bloomberg L.P. Distributed by Tribune Content Agency, LLC.
The Star
4 days ago
- Business
- The Star
Indonesia trade surplus shrinks as global tariff fears boost imports from China
JAKARTA (Bloomberg): Indonesia posted its smallest trade surplus in more than five years on signs importers are stocking up on goods from China and other key trading partners to mitigate the risks of rising global tariffs. The surplus narrowed to US$159 million in April, its smallest since October 2019 and far below a median estimate of US$2.8 billion in a Bloomberg survey of analysts. Imports into Southeast Asia's largest economy jumped by 22% year-on-year to $20.59 billion in the month, helped by increases in capital goods, raw materials and consumer goods, according to Indonesia's statistics agency on Monday. Exports rose just 5.8% to $20.76 billion, with higher shipments of coffee and basic metals helping to offset a 21% drop in mining exports that was partly caused by weaker coal shipments. The sharp rebound in imports suggests pre-emptive restocking at a time of rising trade risks due to higher US tariffs, according to Hosianna Evalita Situmorang, an economist at PT Bank Danamon Indonesia. Imports from China, Indonesia's largest trading partner, rose by 54% year-on-year. Goods from Japan and Singapore were also significantly higher. The statistics agency in a briefing didn't provide a detailed breakdown by category of monthly imports from individual countries. Indonesia's imports from China through April this year comprised mainly mechanical and electrical machinery and equipment, along with vehicles and parts. The pattern of higher imports due to pre-emptive restocking could continue in the coming months given ongoing trade headwinds, including from US President Donald Trump's higher steel import tariffs that are due to take effect in June, as well as an end to the tariff reprieve in July, Situmorang said. Mining exports will also likely remain under pressure from tariff risks and weak demand in China, she said. The smaller surplus could also weigh on Indonesia's current account, although pressures should be "manageable thanks to low oil prices and steady services,' Situmorang added. Indonesia in recent years has posted monthly trade surpluses typically well over $1 billion. The country last posted a trade deficit in April 2020. -- ©2025 Bloomberg L.P.
Yahoo
09-05-2025
- Business
- Yahoo
Gold Advances as Market Weighs Upcoming US-China Trade Talks
(Bloomberg) -- Gold rose at the end of a volatile week as investors focused on the outcome of upcoming trade talks between the world's two largest economies. Is Trump's Plan to Reopen the Notorious Alcatraz Prison Realistic? As Trump Reshapes Housing Policy, Renters Face Rollback of Rights Vail to Borrow Muni Debt to Ease Ski Resort Town Housing Crunch NYC Warns of 17% Drop in Foreign Tourists Due to Trump Policies What's Behind the Rise in Serious Injuries on New York City's Streets? Bullion is heading for a weekly gain of about 3%. US President Donald Trump floated an 80% tariff on China ahead of negotiations due to begin Saturday as he urged Beijing to do more to open their markets to US goods. People familiar with preparations for the talks, which are due to begin in Geneva led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, say the US side has set a target of reducing tariffs below 60% as a first step that they feel China may be prepared to match. Progress in two days of scheduled discussions could see those cuts being implemented as soon as next week, they said. The trade war unleashed by the new US administration has powered gold's 27% rally this year, sending bullion to a record $3,500 an ounce last month. While a softer stance on trade from the US would weaken haven demand, gold has also seen support from strong central bank buying and speculative Chinese retail activity. Spot gold rose 0.9% to $3,336.18 an ounce as of 10:56 a.m. in New York. The Bloomberg Dollar Spot Index dipped 0.3%. Silver, platinum and palladium all advanced. --With assistance from Yihui Xie and Sybilla Gross. US Border Towns Are Being Ravaged by Canada's Furious Boycott Maybe AI Slop Is Killing the Internet, After All Pre-Tariff Car Buying Frenzy Leaves Americans With a Big Debt Problem What the US Would Lose If Trump Pushes Out Legal Immigrants Inside the Dizzying Chaos of Running a Freight Business Under Trump ©2025 Bloomberg L.P.
The Star
09-05-2025
- Business
- The Star
Vietnam calls Trump tariff ‘unreasonable' as trade talks start
HANOI/WASHINGTON (Bloomberg): Vietnam's trade ministry called the Trump administration's so-called reciprocal tariff "unreasonable' as trade talks between Washington and Hanoi begin. The ministry, during a Thursday conference, asked domestic companies and associations to send letters to US officials complaining about the Trump duties, according to a post on the ministry's website. It also directed groups and firms to collaborate with US partners to rally Americans and politicians in support of maintaining a "normal' flow of Vietnamese goods to the US, it said. Vietnam is among a group of countries opening trade talks with the US that are facing some of the steepest tariffs imposed by President Donald Trump, who believes he can revive manufacturing that moved overseas in recent decades. Trump imposed a 46% tariff on Vietnam on April 2, which was later wound back to 10% for 90 days to allow time for talks. On Wednesday, Vietnam's government said it directed local companies to buy more high-value US imports in large volumes as it sought to avoid punishingly high tariffs on Vietnamese products in the nation's most important export market. During the Thursday conference, the trade ministry requested companies and associations to provide data to prove Vietnamese products comply with US requirements that they were manufactured in Vietnam, the post said. The ministry also asked local companies to look for alternative export markets, according to the post, which noted Vietnam has multiple trade agreements with major economies. -- ©2025 Bloomberg L.P.
Yahoo
08-05-2025
- Business
- Yahoo
Gold Slides as Dollar Climbs on Trump's Trade Framework With UK
(Bloomberg) -- Gold slipped as the dollar extended gains after President Donald Trump announced a trade framework with the UK, sapping haven demand stemming from concerns over a global trade war. Is Trump's Plan to Reopen the Notorious Alcatraz Prison Realistic? Vail to Borrow Muni Debt to Ease Ski Resort Town Housing Crunch Iceland Plans for a More Volcanic Future As Trump Reshapes Housing Policy, Renters Face Rollback of Rights Trump said full details of the pact would still be negotiated over the coming weeks. But under the agreement, the UK would fast-track American goods through their customs process and reduce barriers on agricultural, chemical, energy and industrial exports. Gold is set for two straight days of declines amid easing trade tensions. Trump said he believed trade negotiations launching this weekend with China would result in tangible progress. He added that he could consider lowering the 145% tariff he has imposed on many Chinese goods if talks went well. The deal with Britain is the first Trump made since imposing high tariffs on dozens of US trading partners. US equities jumped to session highs after Trump urged investors to 'go out and buy stock now,' while bullion slipped by as much as 1.8% as demand for the haven asset faded. Spot gold fell 1.6% to $3,310.55 an ounce as of 12:41 p.m. in New York. The Bloomberg Dollar Spot Index was up 0.6%. Silver was little changed, while platinum and palladium advanced. US Border Towns Are Being Ravaged by Canada's Furious Boycott Pre-Tariff Car Buying Frenzy Leaves Americans With a Big Debt Problem Made-in-USA Wheelbarrows Promoted by Trump Are Now Made in China Maybe AI Slop Is Killing the Internet, After All Inside the Dizzying Chaos of Running a Freight Business Under Trump ©2025 Bloomberg L.P. Sign in to access your portfolio
