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Trump administration tells Pentagon to slash budget
Trump administration tells Pentagon to slash budget
by  AFP

The Trump administration has ordered senior US military leaders to plan for expansive cuts that could slash the defense budget by eight percent annually, or some $290 billion within the next five years, US media reported Wednesday. The planned reductions also run counter to calls by Trump and Hegseth for NATO members to increase their military spending to five percent of GDP a year.

US Fed officials worried Trump policies could hinder inflation fight: minutes
US Fed officials worried Trump policies could hinder inflation fight: minutes
by  AFP

US Federal Reserve policymakers expressed concern last month about the potentially inflationary effects of President Donald Trump's trade and immigration proposals, according to minutes of the meeting published Wednesday. Policymakers raised concerns that "the effects of potential changes in trade and immigration policy" could complicate the disinflation process.

EU trade chief says bloc will respond swiftly to US tariffs
EU trade chief says bloc will respond swiftly to US tariffs
by  AFP

The European Union will respond "firmly and swiftly" to protect its interests if Washington imposes tariffs on the bloc's goods, its trade chief said Wednesday, rejecting President Donald Trump's claim that US-EU trade ties are unfair. "To protect European interests, we will have no choice but to respond firmly and swiftly," he added ahead of talks with his US counterparts.

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