White House reveals new details of Trump's tariff plan
The US Labor Department's July jobs report has warning signs about how the Trump administration's trade policy is impacting the market.
The trump administration's new tariff plan will take effect August 7 and will mark a dramatic shift in modern era US trade policy.
The White House is ushering in a new trade era which impacts every country with which the US exchanges goods and services.
The Trump economic team argues the trade policy protects American jobs and has been generating investment in the US economy.
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ABC News
a few seconds ago
- ABC News
Rwanda becomes third African nation to take US deportees. What do we know about the secretive deals?
Rwanda has become the third African nation to enter into a deal with the Trump administration to accept migrants deported by the United States. The Rwandan government said on Tuesday it had agreed to accept up to 250 deportees from the US for resettlement but did not immediately give any more details, including when they would arrive or what Rwanda got, if anything, out of the deal. The US has already deported eight men it said were dangerous criminals who were in the US illegally to South Sudan and another five to Eswatini. The US State Department and the Department of Homeland Security have not responded to requests seeking more details on the deals in Africa. Here is what we know, and still do not know, about the largely secretive deals the US is striking. Rwanda's deal with the US comes after a contentious migrant agreement it reached with the UK in 2022 collapsed and was ruled unlawful by Britain's Supreme Court. That deal was meant to see people seeking asylum in the UK sent to Rwanda, where they would stay if their asylum applications were approved. The failed deal ultimately cost the UK around 700 million pounds ($1.4 billion) in public money, including more than 200 million pounds that it gave to Rwanda and did not get back. Rwanda said the deportees it would take from the US would be resettled there and given work training, health care and help with accommodation. The US sent eight men from South Sudan, Cuba, Laos, Mexico, Myanmar and Vietnam to South Sudan in East Africa in early July after their deportations were held up by a legal challenge. That led to them being kept for weeks in a converted shipping container at an American military base in nearby Djibouti. US officials said the men had been convicted of violent crimes in the US. When it took custody of them a month ago, the South Sudan government said it would ensure their "safety and wellbeing". It has since declined to give other details, including where the men are being held and what their fate might be. South Sudan has been wracked by conflict since it gained independence from Sudan in 2011 and is teetering on the edge of civil war again. Two weeks after the South Sudan deportations, the US announced that it had sent another five men — citizens of Vietnam, Jamaica, Cuba, Yemen and Laos — to the small kingdom of Eswatini in southern Africa. The US Department of Homeland Security said they were also violent criminals whose home countries had refused to take them back. Eswatini's government said the men would be held in solitary confinement until their repatriation, and later said that might take up to a year. A human rights lawyer in Eswatini has taken authorities to court, alleging the men are being denied legal representation while being held in a maximum-security prison, and questioning the legality of detaining them indefinitely when they have served their criminal sentences in the US. US authorities did not name the men or say if they had been deported straight from prison or detained in another way. Eswatini, which borders South Africa, is one of the world's last absolute monarchies. King Mswati III has ruled since he turned 18 in 1986. Authorities under him are accused of violently subduing pro-democracy movements in a country where political parties are effectively banned. Analysts say that African nations may be seeking a range of benefits from the Trump administration in return for taking deportees, including more favourable tariff rates, aid and other financial assistance, and even the easing of sanctions against some of their officials. AP
Sky News AU
30 minutes ago
- Sky News AU
Trans female foreign athletes face new hurdles to compete in US: ‘Men do not belong in women's sports'
Transgender female athletes from outside the US will face new hurdles in obtaining a visa to enter the country to compete in major sporting events. The US Citizenship and Immigration Services issued new guidance Monday saying foreign athletes who are born male and transition to female will have their gender status working against them when they apply for a visa for competitions in America. 'Men do not belong in women's sports,' USCIS spokesman Matthew Tragesser said in a statement. 'USCIS is closing the loophole for foreign male athletes whose only chance at winning elite sports is to change their gender identity and leverage their biological advantages against women. 'It's a matter of safety, fairness, respect, and truth that only female athletes receive a visa to come to the U.S. to participate in women's sports,' the rep said. 'The Trump Administration is standing up for the silent majority who've long been victims of leftist policies that defy common sense.' But the policy change is significant as it comes ahead of the 2026 FIFA World Cup, which the US is co-hosting alongside Canada and Mexico, as well as the 2028 Summer Olympic Games in Los Angeles. The move is in line with President Trump's February 'Keeping Men Out of Women's Sports' executive order, which declared US opposition to 'male competitive participation in women's sports.' 'In Los Angeles in 2028, my administration will not stand by and watch men beat and batter female athletes, and we're just not going to let it happen, and it's going to end, and it's ending right now, and nobody's going to be able to do a damn thing about it,' Trump said at the time. Polls indicate that an overwhelming majority of Americans believe it is unfair to allow transgender athletes to compete against biological women. The updated immigration guidance, first reported by the Daily Wire, notes that USCIS doesn't use the term transgender and simply refers to the trans female athletes as being born male. Foreign athletes have frequently been able to obtain US visas in the past because of the 'extraordinary abilities' they bring to the country, according to the law. But 'USCIS does not consider a male athlete who has gained acclaim in men's sports and seeks to compete in women's sports in the United States to be seeking to continue work in his area of extraordinary ability,' a press release from the agency said. 'It is not in the national interest to the United States to waive the job offer and, thus, the labor certification requirement for male athletes whose proposed endeavor is to compete in women's sports.' The Trump administration has broadly worked to clamp down on visas and illegal crossings in general. On Monday, the State Department filed a notice of plans to set up a visa bond pilot program in which migrants would have to put money down to enter the US. They would have to leave the US on time when their visas expire in order to get those funds returned. Originally published as Trans female foreign athletes face new hurdles to compete in US: 'Men do not belong in women's sports'
Sky News AU
30 minutes ago
- Sky News AU
ASX 200 soars again on Wednesday as major 2025 financial year results come out
The ASX has surged again on Wednesday, adding to gains from earlier in the week as investors focus on a slew of annual financial reports coming out this month. The index has jumped 0.6 per cent in the first 55 minutes of trading after a stellar 1.2 per cent rise on Tuesday. Western Australian-based miner Lindian Resources has surged more than 38 per cent after it entered a deal with Iluka, which has added 1.1 per cent, for rare earth minerals. Online real-estate company REA Group is up more than eight per cent after revealing a $1.38 per share dividend while its core operations experienced 15 per cent revenue growth over the 12 months to June 30. News Corp, the owner of Sky News Australia, rose 6.7 per cent after posting a two per cent jump in revenue and a 14 per cent earnings before interest, taxation, depreciation and amortization rise. Investors will watch out for superannuation giant AMP to release its results on Thursday, while results for buy-now-pay-later company Block are due Friday. Wall Street slumped after a strong performance earlier in the week with the Nasdaq diving 0.7 per cent, the S&P 500 sinking 0.5 per cent and the Dow Jones falling 0.1 per cent. It followed a lacklustre services report which came in below forecasts from economists polled by Reuters. This marked another blow to Donald Trump's trade agenda after poor jobs data led to a wipeout on Wall Street. London's FTSE 250 and the STOXX Europe 600 both rose 0.2 per cent on Tuesday while Germany's DAX added 0.4 per cent. New Zealand's NZX 50 index is up 0.1 per cent while Japan's Nikkei 225 has zig-zagged since trading began on Wednesday.
