Trump News

This budget, Labor grapples with the politics of pain in a world gone populist

The Albanese government is trying to fend off Trump, Netanyahu and its new threat: Pauline Hanson. The post This budget, Labor grapples with the politics of pain in a world gone populist appeared first on Crikey .

Bernard Keane / Crikey | Tue, 12 May 2026 09:50:47

Trump's war a $15 billion budget hit - and it could get much worse

The federal government has been forced to spend billions to deal with the fallout from the war in the Middle East.

Matthew Knott, Mike Foley / Sydney Morning Herald | Tue, 12 May 2026 09:40:38

100 million barrels lost every week Strait of Hormuz is shut, Saudi Aramco CEO says

Oil prices continued to climb on Tuesday, as US President Donald Trump said the ceasefire with Iran was "on massive life support". Meanwhile, the CEO of Saudi Aramco, the world's largest oil company, told analysts the closure of the Strait of Hormuz has generated a loss of 100 million barrels ...

Charles PELLEGRIN / France 24 | Tue, 12 May 2026 09:38:00

Donald Trump hails 'dream team' of JD Vance and Marco Rubio but refuses to endorse direct successor

Donald Trump has described JD Vance and Marco Rubio as a "dream team" for the White House, but refused to endorse a direct successor. The comments come as the US President invited guests at a White House Rose Garden dinner to clap for either man in an ad hoc popularity ...

Ed Griffiths / GB News | Tue, 12 May 2026 09:35:23

Oil Prices Rise on U.S.-Iran Standoff

President Trump has declared the American cease-fire with Iran is on "life support," and investors are taking a cautious approach as the lack of progress in peace talks weighs on the markets.

The New York Times / NY Times | Tue, 12 May 2026 09:03:09

Trump rejects 'garbage' Iran peace plan before heading to China

US President Donald Trump said a month-long ceasefire with Iran was on "massive life support" as he rejected Tehran's response to a peace proposal. The Iranian reply was a "piece of garbage", Trump told reporters in the White House on Monday. "I didn't even finish reading it." The comments helped ...

Neil Denslow,Raymond Ma / South China Morning Post | Tue, 12 May 2026 09:00:12

'Taco' out, 'Nacho' in? Wall Street coins new Trump term before China visit

Wall Street's market sentiment has shifted from 'TACO' (Trump Always Chickens Out) to 'NACHO' (Not A Chance Hormuz Opens), reflecting growing pessimism about the Strait of Hormuz crisis. Investors now anticipate a prolonged period of elevated oil prices and shipping risks, moving away from assumptions of a quick resolution.

TOI Business Desk / Times of India | Tue, 12 May 2026 08:27:37

Trump and Xi: The history of encounters between two superpower leaders

US President Donald Trump and Chinese President Xi Jinping have met six times since 2017.

Al Jazeera | Tue, 12 May 2026 08:08:56

Elon Musk and Tim Cook among CEOs expected to accompany Trump on China trip

A total of 17 US executives are set to join the president on his visit, where he will meet his Chinese counterpart Xi Jinping.

BBC | Tue, 12 May 2026 07:38:59

Iran war: What's happening on day 74 as Tehran says ready for 'aggression'

US-Iran tensions remain high as Tehran warns against 'aggression' and Trump says the ceasefire is on 'life support'.

Al Jazeera | Tue, 12 May 2026 06:56:31

Man accused of attempted assassination of Trump pleads not guilty

The man accused of attempting to assassinate Donald Trump has pleaded not guilty to all charges during his first court appearance.

Sydney Morning Herald | Tue, 12 May 2026 06:36:45

Why is stock market crashing today? Sensex drops over 800 points - Rs 5 lakh crore investors wealth wiped out - top reasons for all

One of the key triggers behind the market decline was renewed uncertainty surrounding the US-Iran conflict. US President Donald Trump said the ceasefire with Iran was "on life support" after Tehran rejected Washington's latest proposal aimed at ending the conflict. Trump described Iran's demands as

TOI Business Desk / Times of India | Tue, 12 May 2026 06:31:10

Trump-Xi summit will be no 'Nixon in China' moment

Meetings between Chinese and American leaders are not exactly routine, but few are historically groundbreaking. The exceptions include the very first visit by a sitting US president to China, when Richard Nixon met with Chairman Mao Zedong in Beijing in February 1972 - at a time when America did not ...

Rana Mitter / Asia Times | Tue, 12 May 2026 06:29:58

Rod Stewart Congratulates King Charles For Putting 'Ratbag' Donald Trump In His Place

Kevin Schofield / Huffington Post | Tue, 12 May 2026 05:48:03

Oil Prices Rise as U.S.-Iran Peace Hopes Fade

Crude oil prices ticked higher today as hopes for a peace deal between the United States and Iran faded further, after President Trump called Iran's response to a U.S. peace deal proposal Iran's response included a list of demands that the U.S. side has previously found unacceptable. At the time ...

Irina Slav / Oil Price | Tue, 12 May 2026 05:34:35

The Trump Trade 2.0

Plus, the 'buy Europe' trade

FT | Tue, 12 May 2026 05:30:08

Many Americans think Trump assassination attempts were fake, survey finds

Growing numbers of people are signing up to conspiracy theories over attempts on the president's life, with the results of a major poll labelled "definitely bleak" by one analyst.

Liam Scott / Sydney Morning Herald | Tue, 12 May 2026 05:30:00

'Kevin, what the hell was that?' Why Rudd thinks Trump will stand by Taiwan

In some of his first public remarks since leaving his post as ambassador to the US, former PM Kevin Rudd recounted a telling interaction with his Chinese counterpart in 2024.

Michael Koziol / Sydney Morning Herald | Tue, 12 May 2026 04:56:19

Trump says Iran ceasefire is on 'life support'

US president rejects Tehran's proposal for temporary peace deal ahead of trip to China

FT | Tue, 12 May 2026 04:43:59

Trump-Xi summit to show that everything now is leverage

Trump's world is not rules-based globalization or full Cold War fragmentation - it's perpetual leverage economics. This week's summit in Beijing between Donald Trump and Xi Jinping will showcase that reality more clearly than any major diplomatic encounter since Trump returned to the White House. Forget the ceremonial choreography and ...

Nigel Green / Asia Times | Tue, 12 May 2026 04:25:41

Australian musician's US ban prompts apology from girlfriend over Trump post

Keli Holiday, one half of electronic duo Peking Duk, was detained at the US-Canada border on Friday.

BBC | Tue, 12 May 2026 04:22:05

Trump is un-questionable

by Peter Funt The great contradiction in Donald Trump's two terms - at least as far as covering and understanding the man are concerned - is that he is, on the one hand, the most media-accessible president in history, yet he has proved to be the most difficult for journalists ...

Guest Voice / Moderate Voice | Tue, 12 May 2026 04:21:38

Trump says White House is 's--- house'

Donald Trump has described the White House as a 's--- house' in a speech at the Rose Garden.

Sydney Morning Herald | Tue, 12 May 2026 04:15:27

Germany's far-right AfD sees support surge after it criticises Trump's Iran war

Party tops opinion polls after tapping into voter anger at soaring fuel prices

FT | Tue, 12 May 2026 04:00:33

Why is Beijing on a stronger footing to discuss Taiwan with Trump this time?

Beijing is on stronger footing over Taiwan compared with Donald Trump's first presidential term, according to a leading mainland analyst. Wu Yongping, dean of the Institute for Taiwan Studies at Tsinghua University, said the issue would be discussed when Trump meets his Chinese counterpart Xi Jinping later this week. He ...

Amber Wang / South China Morning Post | Tue, 12 May 2026 04:00:19

Kevin Warsh to face resurgent inflation and an impatient Trump as Fed chair

US Senate widely expected to confirm the 56-year-old financier to replace Jay Powell this week

FT | Tue, 12 May 2026 04:00:18

Trump loses his trade superpower

'Tariff man' wants to recover from a wounding Supreme Court ruling. But Congress is restive and voters are unhappy

FT | Tue, 12 May 2026 04:00:09

China Increasingly Views Trump's America as an Empire in Decline

For decades, many Chinese viewed the United States with a mix of admiration, envy and resentment. President Trump's volatile second term shattered that image.

Li Yuan / NY Times | Tue, 12 May 2026 04:00:06

Trump-Xi meet as petroyuan rises on Iran war's tide

The US-Israel war on Iran has acted not as a mere diversion but as a brutal accelerator of history, fundamentally rupturing the Middle East's security architecture and accelerating the very realignment it sought to prevent. In the war's destructive wake - marked by the paralysis of the Strait of Hormuz, ...

Bob Savic / Asia Times | Tue, 12 May 2026 03:41:35

From 'Taco' to 'Nacho': the new buzzword on Wall Street as Trump preps for China trip

With a fragile US-Iran ceasefire barely holding, the Strait of Hormuz still blockaded, and all eyes on the upcoming Trump-Xi meeting, investors are embracing a new market narrative: "Nacho". The acronym - short for "Not a chance Hormuz opens" - reflects a growing bet on prolonged gridlock and high oil ...

Alice Li / South China Morning Post | Tue, 12 May 2026 03:09:49

Five things to watch in Asia as Trump prepares to meet China's Xi this week

The U.S. and Chinese presidents are scheduled to gather in Beijing on Thursday and Friday amid a packed week of diplomatic meetings.

CNBC | Tue, 12 May 2026 02:47:29

Tuesday Watch

Around X: @Business The US sanctioned a dozen entities for helping sell Iranian oil to China, stepping up its economic pressure as President Donald Trump cast doubt on a continued ceasefire with Tehran. China investors are counting on the summit between Xi Jinping and Donald Trump to deliver just enough ...

Unknown / Between the Hedges | Tue, 12 May 2026 02:46:00

Kari Lake Picked as Ambassador to Jamaica

"Kari Lake, the embattled Trump administration official tasked with dismantling the government's global media outlets, has been nominated as the next U.S. ambassador to Jamaica," the Washington Post reports.

Taegan Goddard / Taegan Goddard | Tue, 12 May 2026 02:37:51

Trump seriously considering resuming war with Iran - TV channel

According to sources cited by CNN, the US president is unlikely to make a final decision before leaving for China this week

Tass | Tue, 12 May 2026 02:31:18

Trump's 'Hail Mary' attempt to save his war on the world

US courts have now deemed Trump's first two attempts to impose a global tariff regime unlawful. His third, and probably final, attempt may also be challenged.

Stephen Bartholomeusz / Sydney Morning Herald | Tue, 12 May 2026 01:59:27

Trump puts Taiwan arms sales, Hong Kong jailed activist Lai on agenda ahead of meeting with Xi

Trump said Monday that U.S. arms sales to Taiwan and the imprisonment of Hong Kong media tycoon Jimmy Lai would be among the issues at the summit in Beijing.

CNBC | Tue, 12 May 2026 01:37:46

Trump Complains About Iran War Leaks

Wall Street Journal: "President Trump privately complained to acting Attorney General Todd Blanche about media leaks in the wake of the Iran war last month, according to administration officials familiar with the matter, prompting an aggressive push at the Justice Department to pursue those "Blanche vowed to secure subpoenas specifically ...

Taegan Goddard / Taegan Goddard | Tue, 12 May 2026 01:17:35

Trump says Iran ceasefire is on 'massive life support'

The US president criticises an Iranian counteroffer to end the war, and says the month-long ceasefire is "unbelievably weak".

BBC | Tue, 12 May 2026 00:59:12

Australia news LIVE: Chalmers to hand down federal budget tonight; Australians leave hantavirus ship; Soldier dies during Army parachute training

Follow along as we bring you the latest live news updates from Australia and beyond as the government prepares to hand down its federal budget tonight.

Emily Kaine / Sydney Morning Herald | Tue, 12 May 2026 00:57:49

US blows lid on UN 'replacement' plot to stop illegal migrants being deported from Britain

The Trump administration has accused the UN of a "replacement migration" plot to stop illegal migrants being deported from Britain. The State Department - led by Marco Rubio - has confirmed that Washington refused to back the UN's review of the Global Compact on Migration (GCM). The GCM serves as ...

Dan McDonald / GB News | Tue, 12 May 2026 00:52:29

Last Updated: 10:08 GMT Tuesday, 12 May. 2026 | enquire