HomeWorldTrump downplays tariff concerns as US stock sell-off worsens

Trump downplays tariff concerns as US stock sell-off worsens

Secretary of State Marco Rubio said Monday the Trump administration had finished its six-week purge of programs of the six-decade-old US Agency for International Development, and said he would move the 18% of aid and development programmes that survived under the State Department.

March 10, 2025 / 22:58 IST
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US President Donald Trump (Courtesy: Reuters photo)
US President Donald Trump (Courtesy: Reuters photo)

US President Donald Trump is dismissing business concerns over the uncertainty caused by his planned tariffs on a range of American trading partners and the prospect of higher prices and isn't ruling out the possibility of a recession this year.

Also, Secretary of State Marco Rubio said Monday the Trump administration had finished its six-week purge of programs of the six-decade-old US Agency for International Development, and said he would move the 18% of aid and development programmes that survived under the State Department.

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Here's the latest: Homeland Security app once used for asylum applications is now for leaving US The Trump administration has overhauled the cellphone app once used to let migrants apply for asylum, turning it into a system that allows people living illegally in the US to announce they want to voluntarily leave.

The renamed app, now called CBP Home, is part of the administration's campaign to encourage “self-deportations", touted as an easy and cost-effective way to nudge along Trump's push to deport millions of immigrants.