Tag Archives: trump

South Korea Engages U.S. Over Tariff Concerns

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The South Korean government is actively engaging with the U.S. to address trade uncertainties stemming from new tariff measures, Trade Minister Cheong In-kyo said Thursday.

During a meeting with top industry think tanks—including Samsung, Hyundai, POSCO, and LG—Cheong emphasized the importance of coordinated efforts to navigate U.S. protectionist policies under President Trump.

The U.S. is reportedly considering tariffs on steel, aluminum, and automobiles, raising concerns among its trading partners.

“We are maintaining direct communication channels with the U.S. to mitigate risks and help domestic industries adjust to these evolving trade policies,” Cheong said, calling for stronger industry-government collaboration.

Deputy Trade Minister Park Jong-won is currently in Washington, holding discussions with U.S. officials on the potential impact of Trump’s trade agenda on South Korean industries.

Meanwhile, consumer sentiment in South Korea surged to its highest level in nearly four years, driven by expectations of political stability following recent turmoil. The Bank of Korea’s consumer sentiment index rose to 95.2 in February, marking the largest gain since June 2021.

US Semiconductor Tariffs: India Faces Limited Immediate Impact

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The U.S. decision to impose tariffs on semiconductors is unlikely to significantly impact India in the short term, as the country is not a major chip exporter to the U.S., industry experts said Thursday.

With India already imposing zero import duties on semiconductors, the country faces no immediate trade retaliation concerns, said Ashok Chandak, president of the India Electronics and Semiconductor Association (IESA).

Most of India’s upcoming semiconductor manufacturing and assembly facilities cater to global brands, and its growing domestic demand will be met primarily through local production.

In the long run, Indian chipmakers are expected to remain competitive, as the U.S. tariff applies uniformly to all exporting nations, Chandak noted.

The Trump administration’s decision to impose tariffs of 25% or more is expected to reshape the global semiconductor industry, affecting costs, supply chains, and innovation.

The new tariffs will significantly increase the cost of chips imported into the U.S., particularly from dominant manufacturing hubs like Taiwan, South Korea, and China. These additional costs will likely be passed on to consumers, driving up prices for smartphones, laptops, electric vehicles, and industrial electronics.

Tech giants such as Apple, NVIDIA, and Tesla could see rising production costs, potentially squeezing profit margins or forcing them to raise consumer prices, according to IESA.

To mitigate risks, companies may explore alternative supply chains or invest more in domestic chip production. However, semiconductor fabrication plants are among the most capital-intensive projects, requiring $10 billion to $25 billion per site.

“Companies must weigh multiple factors before making investment decisions, including workforce availability, tax policies, regulatory frameworks, and environmental considerations,” IESA stated.

Trump Admin Plans $50 Billion Pentagon Budget Shake-Up, Eyes Firings

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WASHINGTON, Feb. 20 — The Trump administration is moving to cut $50 billion from the Pentagon budget, reallocating funds to high-priority areas such as border security, according to media reports.

A list of generals and admirals slated for dismissal has been circulated among Republican lawmakers. Acting Deputy Secretary of Defense Robert Salesses has instructed officials to identify cuts and shift resources to initiatives aligned with Trump’s priorities, Military Times reported.

NBC News said the Indo-Pacific region’s budget remains untouched. While earlier reports suggested an 8% reduction in overall military spending, the latest figures indicate the $849.8 billion defense budget will remain intact, with funds being redistributed rather than slashed.

NBC also reported that the targeted firings include officers linked to former Defense Secretary Lloyd Austin, those involved in diversity and inclusion programs, and others deemed politically misaligned with Trump’s agenda. It remains unclear whether Joint Chiefs of Staff Chairman CQ Brown is on the list.

Trump has already removed Coast Guard chief Admiral Linda Fagan, the highest-ranking woman in U.S. military history.

As part of a broader effort to streamline government operations, numerous Defense Department employees have received termination notices.

Besides Indo-Pacific operations, budget priorities include missile defense, autonomous weapons, and border security. Salesses emphasized Trump’s focus on bolstering missile defense, strengthening border protections, and eliminating what he called “radical and wasteful” diversity initiatives.

 

 

 

Trump Warns Zelensky: Ukraine War Could End Without Him

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NEW YORK, Feb. 20 — The war of words between U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky escalated Wednesday as Trump suggested Ukraine could be sidelined in negotiations to end the war with Russia.

“Zelensky better move fast or he’s not going to have a country left,” Trump wrote on Truth Social, claiming that only his administration could successfully broker peace with Russia.

The warning came after Zelensky criticized the U.S. and Russia for holding negotiations in Riyadh without Ukrainian representation. He insisted that Ukraine would not accept a peace deal reached without its direct involvement.

Zelensky fired back, accusing Trump of “living in a web of disinformation.” Trump, in turn, labeled Zelensky a “dictator without elections.”

With Russia occupying roughly 20% of Ukraine’s territory and Ukraine making only minor territorial gains, a negotiated peace deal is unlikely to restore all of Ukraine’s pre-war borders.

U.S. Defense Secretary Pete Hegseth suggested that reverting to Ukraine’s pre-2014 borders—including Crimea—was unrealistic and ruled out NATO membership for Ukraine in any foreseeable peace agreement.

Trump previously suggested Ukraine provoked the war—despite Russia’s 2022 invasion. His “dictator” remark references Ukraine’s decision to postpone elections due to the war, extending Zelensky’s term beyond its scheduled end.

As the primary financier of Ukraine’s defense, Trump appears to believe he could unilaterally pressure Kyiv into accepting peace terms negotiated with Russian President Vladimir Putin.

On Tuesday, U.S. Secretary of State Marco Rubio and Russian Foreign Minister Sergey Lavrov met in Riyadh for more than four hours to discuss an end to the war. Both sides reported progress, with Lavrov calling the talks “useful” and Rubio indicating Russia was open to serious negotiations.

One key development was an agreement to restore U.S. and Russian embassies to full operational status after years of reduced diplomatic presence.

Trump also lashed out at European nations for not matching U.S. financial support for Ukraine. “Zelensky talked the United States into spending $350 billion on a war that couldn’t be won,” he wrote, arguing that European nations should contribute equally.

 

Reuters/Ipsos Poll: Kamala Harris Leads Trump 46% to 43%; Tight Race Ahead for US Presidential Elections

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As per the latest Reuters/Ipsos poll, Democratic Vice President Kamala Harris is leading Republican Donald Trump by a narrow margin of 46% to 43% in the 2024 U.S. presidential election, reflecting the sentiments of voters as the November 5, 2024 vote is nearing.

The poll reveals that voters consider the economy as the top issue facing the country. Within this context, the cost of living was identified as the most important economic concern, with 70% of respondents considering it a key issue while other economic issues like the job market, taxes, or improving personal finances received significantly less attention.

When it comes to addressing these economic issues, voters’ opinions diverge. Donald Trump was seen as the preferred candidate for addressing the cost of living, with 44% of respondents supporting his approach compared to 38% for Kamala Harris. However, when it comes to addressing the gap between wealthy and average Americans, Harris was favored by a margin of 42% to 35%.

The poll also touched on the contentious issue of immigration, which is currently at its highest level in America in over a century. Some 53% of voters in the poll agreed with the statement that immigrants who are in the country illegally are a danger to public safety, compared to 41% who disagreed. This shows that Trump’s claims about immigrants being prone to crime might have swayed some voters, despite these assertions being largely discredited by academics and think tanks.

State-by-State Results

In terms of trust, voters favoured Kamala Harris more than Donald Trump. The poll found that 55% of respondents agreed that Harris was mentally sharp and able to deal with challenges, compared to 46% who held the same view about Trump. This could be a significant factor in the election, as voters may prioritize a candidate’s mental sharpness when making their decision.

The poll, which had a margin of error of about 3 percentage points, also highlighted the importance of state-by-state results in determining the winner of the election. The Electoral College’s state-by-state results are crucial, with seven battleground states likely to be decisive. Polls have shown Harris and Trump are neck-and-neck in those battleground states, with many results within the margins of error.

Historically, close races like this one have been decided by a few key factors, including the candidates’ performance in debates, their ability to mobilize their base, and their success in swaying undecided voters.

In 2000, George W. Bush and Al Gore were locked in a tight race that was ultimately decided by a few hundred votes in Florida. Similarly, in 2016, Donald Trump’s victory was secured by narrow margins in key swing states. As the 2024 election approaches, both Harris and Trump will need to focus their efforts on these crucial areas if they hope to secure victory.

Trump Threatens ‘Dire Consequences’ If Loses Presidential Race, Biden Team Calls Him ‘Loser’

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Former President Donald Trump rallied supporters in Ohio over the weekend, declaring the upcoming November presidential election as pivotal in American history. Trump, who recently secured the presumptive Republican nomination, emphasized the significance of the date, November 5, while lambasting his opponent, President Joe Biden.

During his speech in Vandalia, Ohio, Trump criticized Chinese plans to manufacture cars in Mexico for the American market, asserting that such endeavors would falter under his leadership. He issued a stark warning, suggesting dire consequences for the nation should he not be re-elected, albeit without specifying details.

Following Trump’s remarks, Biden’s campaign swiftly responded, labeling the former president as a “loser” and condemning his rhetoric as a veiled incitement to political violence, alluding to the events of January 6, 2021, when the Capitol was stormed by Trump supporters.

Later, speaking at a dinner in Washington, Biden reiterated the gravity of the moment, highlighting threats to democracy posed by falsehoods surrounding the 2020 election and attempts to overturn its results.

Trump’s and Biden’s victories in securing their party nominations for the 2024 presidential race virtually guarantee a rematch, setting the stage for an extended campaign period. Among Trump’s focal points is a critique of Biden’s immigration policies, which he denounces as a “horror show,” particularly targeting their impact on minority communities.

Trump’s rally in Ohio, a state historically regarded as a battleground, underscores the enduring importance of its electoral influence despite shifting political landscapes. The event followed a notable announcement from Trump’s former vice president, Mike Pence, who declared his decision not to endorse Trump for a second term.

Nikki Haley gets Trump’s support for nailing down Kelly, Tillerson in memoir

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Former US Ambassador to UN Nikki Haley has finally cracked the code from within narrating in her book how former Secretary of State Rex Tillerson and former White House Chief of Staff John Kelly had tried to circumvent some policies in the name of national interest despite going against President Donald Trump’s own decisions.

Haley’s claims in her book With All Due Respect come at a time when US Presidnet Trump is facing the House impeachment inquiry over his policy on Ukraine. She said former secretary of state Rex Tillerson and former White House chief of staff John F. Kelly tried to persuade her to work around and dump Trump that she claimed to have refused. “Kelly and Tillerson confided in me that when they resisted the president, they weren’t being insubordinate, they were trying to save the country,” she wrote.

Interestingly, they argued the same way many witnesses of Democrats did when they testifed in private before the House Intelligence Committee. Haley told CBS Sunday Morning show that she did not believe the president had done anything wrong in the Ukrainian phone call.

She said that she was “shocked” at the request made during their closed-door meeting. “It was their decisions, not the president’s, that were in the best interests of America, they said. The president didn’t know what he was doing,” she wrote in her book. She recalled Tillerson reasoning her out that he resisted the president’s decisions because, “if he didn’t, people would die.”

It may be mentioned here that President Trump fired Tillerson in March, 2018, who later called the President “dumb as rock”, while John Kelly resigned in December, 2018. In fact, Haley received thumbs up from the President when he tweeted “Good luck Nikki!”

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