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USA

Today

Max Mito’s business trip to luxury villas in Morocco was a red flag to finance staff. EVP’s Misha Saul called in the cops after investing.

From a Moroccan villa to the courtroom: how StrongRoom AI’s good times went bad

Court filings that allege fraud at the tech start-up paint a picture of company funds being used to fund a lavish lifestyle of foreign trips and fine dining.

The US employment market looks strong

US added 228,000 jobs in March as economy showed strength

The surprising jobs numbers were double what economists had predicted and showed the resilience in the US job market prior to Donald Trump’s trade war.

Yesterday

Trade war could bring cheaper cars, appliances, clothes to Australia

Economists expect the US tariffs to be modestly deflationary for Australia, as global manufacturers redirect exports that would have otherwise gone to the US.

In his relentless Make America Great Again drive, Donald Trump has little care for the economic pain inflicted on others and even relishes it when the targets are American allies.

Trump’s colossal misjudgment will cost the US – and the world – dearly

Donald Trump is pretending the sharemarket carnage is all part of his grand plan to use tariffs to reboot the US economy. What happens when Main Street revolts?

Donald Trump holds up a chart of “reciprocal tariffs” while speaking during a Make America Wealthy Again trade announcement event in Washington.

Economists say the way Trump calculated tariffs makes no sense

The calculation finds the ratio between the US trade deficit with a country and that nation’s total exports to the US. It then divides the ratio in half.

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The large hamburger /ground beef trade across the USA is highly dependent on the importation of lean beef to be co-processed with local beef to meet the fat to lean ratio of the burger manufacturer specifications.

Trump taxes Aussie beef that makes US hamburgers cheaper and healthier

Let’s hold the line and let the US government explain to its citizens and burger consumers why their burgers are more costly from tonight.

Australia is more alone than ever. Our politicians are missing in action

Both major parties tell us that Australia today faces its most dangerous international environment since World War II. Both want to do nothing about it.

This Month

Former US treasury secretary Janet Yellen.

Yellen and Hockey ride out Trump tariffs at Cafe Sydney

The former US treasury secretary was spotted lunching in Sydney as tariff news roiled global markets.

Global leaders had to wait until Donald Trump’s Rose Garden press conference to learn their fate.

How Trump has soured my American dream

There was a chilling edge to the president’s declaration this would be “an entirely different country within a short period of time”.

Donald Trump and “liberation day”.

Trump trade risks go back to the 1890s

The president’s American tariff hero William McKinley shows how this new trade war will go wrong.

Val Kilmer in Batman Forever.

Why Val Kilmer as Batman was peak 1990s, nipple suit and all

The late star’s lone turn as the Caped Crusader was not the decade’s best movie, but it defined it like no other.

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ASX wipes $38b; Australia’s ‘bizarre’ 29pc tariff; Scyne slashes staff

Read everything that’s happened in the news so far today.

Donald Trump declared a national economic emergency to launch the tariffs, expected to produce hundreds of billions in annual revenues.

Trump unveils 10pc tariffs on all imports, higher for 60 countries

The president used aggressive rhetoric to describe a global trade system that the US helped to build, saying “our country has been looted, pillaged, raped, plundered”.

Elon Musk and Donald Trump this week suffered a setback in a Wisconsin ballot.

White House hoses down reports of early Musk departure

The denials came as Politico and ABC reported that Donald Trump had told members of his Cabinet that the Tesla CEO would soon depart and return to the private sector.

Elon Musk has become one of the most powerful figures in the new administration.

Elon Musk applies physics to politics. What could go wrong?

What is Elon Musk’s endgame at DOGE, and where does his political philosophy ultimately lead? It’s not clear anyone knows — including Musk himself.

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Canva co-founders Cameron Adams, Cliff Obrecht and Melanie Perkins at a company event in 2022.

Canva shocks employees with AI-related job cuts

The design software giant has laid off 10 technical writers nine months after telling them to embrace generative artificial intelligence tools.

Wisconsin Supreme Court winner Susan Crawford celebrates on election night.

Musk rebuked in judicial election despite record $39m spend

A Democratic-backed candidate clinched a pivotal Supreme Court election in Wisconsin and touted her victory as a win against “the richest man in the world”.

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Meme stock moment: Newsmax worth more than Fox after 2230pc surge

The spike has made the company’s largest holders exceptionally rich — on paper. Founder Christopher Ruddy owns nearly one-third of the company’s shares.

Senator Cory Booker speaks on the Senate floor.

US senator breaks record with 24-hour anti-Trump speech

Cory Booker’s marathon address was an attempt to show frustrated supporters that the Democrats are doing everything possible to contest Donald Trump’s agenda.

Donald Trump could return to the Oval Office in 2029 through the vice presidency.

He’s not kidding. Here’s how Trump could serve a third term

Despite a constitutional amendment limiting the election of presidents to two terms, he raised the idea during an interview this week.

Original URL: https://www.afr.com/topic/united-states-of-america-gd5