Latest news with #MorrisTown
Arab News
06-07-2025
- Politics
- Arab News
Trump says there's a good chance for Gaza hostage and ceasefire deal this week
MORRISTOWN, New Jersey: US President Donald Trump on Sunday said there was a good chance a Gaza hostage release and ceasefire deal could be reached with the Palestinian militant group Hamas this week. Trump told reporters before departing for Washington that such a deal meant 'quite a few hostages' could be released. Trump is due to meet with Israeli Prime Minister Benjamin Netanyahu on Monday at the White House.
Arab News
20-06-2025
- Politics
- Arab News
Trump says two weeks is ‘maximum' for Iran decision
MORRISTOWN, United States: President Donald Trump said Friday that Iran had a 'maximum' of two weeks to avoid possible US air strikes, indicating he could take a decision before the fortnight deadline he set a day earlier. Trump added that Iran 'doesn't want to talk to Europe,' dismissing the chance of success in talks between European powers and Iran in Geneva on resolving the conflict between Israel and Iran. Trump also played down the possibility of asking Israel to halt its attacks, after Iranian Foreign Minister Abbas Araghchi said Tehran would not resume talks with the United States until Israel relented. 'I'm giving them a period of time, and I would say two weeks would be the maximum,' Trump told reporters when asked if he could decide to strike Iran before that. He added that the aim was to 'see whether or not people come to their senses.' Trump had said in a statement on Thursday that he would 'make my decision whether or not to go within the next two weeks' because there was a 'substantial chance of negotiations' with Iran. Those comments had been widely seen as opening a two-week window for negotiations to end the war between Israel and Iran, with the European powers rushing to talks with Tehran. But his latest remarks indicated that Trump could still make his decision before that if he feels that there has been no progress toward dismantling Iran's nuclear program. Trump dismissed the chances of Europe making a difference, saying the talks between Britain, France, Germany and EU diplomats and Tehran's foreign minister 'didn't help.' 'Iran doesn't want to speak to Europe. They want to speak to us. Europe is not going to be able to help in this,' Trump told reporters as he arrived in Morristown, New Jersey. Asked if he would ask Israel to stop its attacks as Iran had asked, Trump said it was 'very hard to make that request right now.' 'If somebody's winning, it's a little bit harder to do than if somebody's losing, but we're ready, willing and able, and we've been speaking to Iran, and we'll see what happens.'
Malay Mail
26-05-2025
- Business
- Malay Mail
Trump says US wants tanks and ships over t-shirts and socks amid tariff talks
MORRISTOWN (United States), May 26 — US President Donald Trump said on Sunday his tariff policy was aimed at promoting the domestic manufacturing of tanks and technology products, not sneakers and T-shirts. Speaking to reporters before boarding Air Force One in New Jersey, Trump said he agreed with comments from Treasury Secretary Scott Bessent on April 29 that the US does not necessarily need a 'booming textile industry' – comments that drew criticism from the National Council of Textile Organizations. 'We're not looking to make sneakers and T-shirts. We want to make military equipment. We want to make big things. We want to make, do the AI thing,' Trump said. 'I'm not looking to make T-shirts, to be honest. I'm not looking to make socks. We can do that very well in other locations. We are looking to do chips and computers and lots of other things, and tanks and ships,' Trump said. The American Apparel & Footwear Association said in response to Trump's remarks that tariffs were not good for the industry. 'With 97 per cent of the clothes and shoes we wear being imported, and with clothes and shoes already the most highly tariffed industry in the U.S., we need to focus on common sense solutions that can move the needle,' AAPA President Steve Lamar said in a statement. 'More tariffs will only mean higher input costs for US manufacturers and higher prices that will hurt lower income consumers.' Trump, who has upended world markets with the broad imposition of tariffs, revived his harsh trade rhetoric on Friday when he pushed for a 50 per cent tariff on European Union goods starting June 1 and warned Apple he may impose a 25 per cent levy on all imported iPhones bought by US consumers. But he dialed back on the EU threat on Sunday, extending a deadline for those tariffs until July 9 to allow for talks between Washington and the 27-nation bloc. Trump won the 2016 and 2024 US presidential elections in part by appealing to working class voters hurt by the loss of US manufacturing jobs over many years. He has sought to make good on his promises to boost manufacturing with import tariffs and heralding investments by companies and foreign nations into the United States, even as the US economy remains dependent on supply chains with other countries where many goods, including textiles, are produced less expensively. — Reuters
Malay Mail
26-05-2025
- Business
- Malay Mail
‘Controlled by the USA': Trump defends US$14b Nippon-US Steel deal amid political scrutiny
MORRISTOWN (United States), May 26 — President Donald Trump said on Sunday that the United States will have control over US Steel as part of the company's partnership with Japanese firm Nippon Steel. As part of the deal announced on Friday, Nippon Steel plans to invest US$14 billion into US Steel's operations, including up to US$4 billion in a new steel mill. Trump said on Friday the merger would create 70,000 jobs. Pressed for more details of the agreement, Trump said on Sunday: 'It will be controlled by the United States, otherwise I wouldn't make the deal.' Speaking to reporters as he left for Washington after a weekend at his New Jersey golf club, Trump said relevant lawmakers had pressed him to make the deal. 'It's an investment and it's a partial ownership, but it will be controlled by the USA,' he said. The merger would create the world's third-largest steel producer by volume, following China's Baowu Steel Group and Luxembourg-based ArcelorMittal, according to World Steel Association data. While no details were released, investors have expressed confidence that terms will be similar to those agreed in 2023. Investors have said that eventually US Steel will no longer be publicly traded and they will receive a cash payout for their shares. The deal has been one of the most highly anticipated on Wall Street after it morphed into the political arena with fears that foreign ownership would mean job losses in Pennsylvania, where US Steel is headquartered. — Reuters
Reuters
26-05-2025
- Business
- Reuters
Trump says US will control US Steel as part of Nippon deal
MORRISTOWN, New Jersey, May 25 (Reuters) - President Donald Trump said on Sunday that the United States will have control over U.S. Steel (X.N), opens new tab as part of the company's partnership with Japanese firm Nippon Steel (5401.T), opens new tab. As part of the deal announced, opens new tab on Friday, Nippon Steel plans to invest $14 billion into U.S. Steel's operations, including up to $4 billion in a new steel mill. Trump said on Friday the merger would create 70,000 jobs. Pressed for more details of the agreement, Trump said on Sunday: "It will be controlled by the United States, otherwise I wouldn't make the deal." Speaking to reporters as he left for Washington after a weekend at his New Jersey golf club, Trump said relevant lawmakers had pressed him to make the deal. "It's an investment and it's a partial ownership, but it will be controlled by the USA," he said. The merger would create the world's third-largest steel producer by volume, following China's Baowu Steel Group and Luxembourg-based ArcelorMittal ( opens new tab, according to World Steel Association data. While no details were released, investors have expressed confidence that terms will be similar to those agreed in 2023. Investors have said that eventually U.S. Steel will no longer be publicly traded and they will receive a cash payout for their shares. The deal has been one of the most highly anticipated on Wall Street after it morphed into the political arena with fears that foreign ownership would mean job losses in Pennsylvania, where U.S. Steel is headquartered.
