The Latest Breaking News from Donald Trump

Aussie shares wobble ahead of budget, oil surges again

Deteriorating US-Iran relations and concerns over flagged tax reforms weighed on the local share market, which has fallen in 15 of the past 19 sessions.

AAP · May 12

Trump hails Vance and Rubio White House a ‘dream team’ but denies endorsement

The US President did not make clear which of the two men he would prefer as a possible successor in the top job

Evening Standard · May 12

Stung by Iran war, Trump heads to China in need of wins

President Trump visits China with reduced trade goals. His earlier tariff strategy has not yielded expected results. The meetings will focus on limited trade agreements and managing future trade relations. China seeks assurances on Taiwan and trade policies. The outcome is expected to be a temporary truce favoring China.

The Economic Times · May 12

Virginia Democrats ask conservative-majority US supreme court to restore congressional map approved by voters – as it happened

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The Guardian - US · May 12

House lawmakers introducing bill to toughen US ban on Chinese vehicles

U.S. lawmakers are introducing legislation to strengthen the ban on Chinese automakers entering the American market, building on a Biden administration regulation. This move, citing national security and data privacy concerns, aims to prevent Chinese vehicles with advanced connectivity and software from being sold in the U.S.

The Economic Times · May 12

Dollar steady as Middle East peace hopes recede

Middle East conflict fears are keeping the U.S. dollar steady as oil prices climb. Investors worry about renewed hostilities and their impact on inflation, potentially delaying interest rate cuts. While diplomatic efforts show little progress, markets remain cautious, awaiting key U.S. inflation data and President Trump's China visit.

The Economic Times · May 12

Trump's China visit: US President eyes 'great things' for both countries — what's on agenda

US President Trump expressed optimism for his upcoming visit to China and meeting with President Xi Jinping, anticipating positive outcomes for both nations. Accompanied by prominent business leaders, Trump aims to discuss trade, Iran, tariffs, and AI, seeking to strengthen US economic and national security interests.

The Times of India · May 12

Gold rises with US–China talks, MidEast conflict in focus

Gold prices climbed as investors awaited crucial meetings between U.S. President Trump and Chinese President Xi Jinping, while also monitoring the fragile ceasefire negotiations with Iran. Market participants are also anticipating U.S. CPI data to gauge the Federal Reserve's future interest rate decisions.

The Economic Times · May 12

Israel's military said a Palestinian family could bury their father. Then the settlers arrived

A Palestinian family in the West Bank says Israeli settlers forced them to dig up their newly buried 80-year-old relative

The Independent UK · May 12

Frustrated Trump learns he doesn't have the cards on Iran

President Trump faces challenges with Iran. His approach has not yielded desired results. The conflict has impacted global oil prices. Americans are concerned about rising costs. Trump's upcoming trip to China occurs during this difficult period. Experts suggest his leverage is diminished. The situation highlights the complexities of international relations…

The Economic Times · May 12