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Trump Vows To ‘Tariff And Tax’ Foreign Countries

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US President Donald Trump promised tariffs and taxes on other countries Monday, in a nationalistic inaugural address after being sworn in as the 47th president.

“I will immediately begin the overhaul of our trade system to protect American workers and families,” he said at the US Capitol.

“Instead of taxing our citizens to enrich other countries, we will tariff and tax foreign countries to enrich our citizens,” Trump added.

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Since his election victory in November, Trump has taken aim at allies and adversaries alike, raising the prospect of fresh levies to push other countries towards tougher action on US concerns.

READ ALSO: JUST IN: Trump Sworn In For 2nd Term As 47th US President

Before his White House return, Trump vowed to impose 25 percent tariffs on Canadian and Mexican imports, and an additional 10 percent on Chinese goods, if they did not do more about illegal immigration and the flow of fentanyl into the United States.

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On the campaign trail, Trump also floated the idea of much steeper tariff rates — 60 percent or more — on Chinese imports.

But he stopped short Monday of unveiling new tariffs, which are applied on imported goods when a US buyer purchases them from abroad.

– ‘America First Trade Policy’ –

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The White House said Monday that under the Trump administration, all agencies would adopt “emergency measures to reduce the cost of living.”

READ ALSO: JUST IN: Trump Sworn In For 2nd Term As 47th US President

It added that Trump would unveil his “America First Trade Policy,” stressing also that Washington would not be beholden to foreign organizations for its tax policy.

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In his speech Monday, Trump reiterated his plan to set up an “External Revenue Service” to collect tariffs, duties and revenues, promising “massive amounts of money” pouring in from foreign sources.

The name is a play on the Internal Revenue Service, a bureau under the Treasury Department that administers and enforces US tax laws.

The American dream will soon be back and thriving like never before,” he said.

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Some analysts have warned that tariff hikes would bring higher consumer prices and weigh on GDP growth over time.

READ ALSO: Bitcoin Hits All-time High Driven By Trumpmania

But Trump’s supporters have pointed to his other policy proposals like tax cuts and deregulation as a means to spur growth.

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Trump’s Treasury secretary nominee Scott Bessent told lawmakers last Thursday that he disagreed the cost of tariffs would be borne domestically.

On Monday, Trump also said his government would establish a new “Department of Government Efficiency.”

The office dubbed DOGE, to be led by Elon Musk and businessman Vivek Ramaswamy, is eyeing some $1 trillion in cuts to federal spending.

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While DOGE has an advisory role, Musk’s star power and strong influence in Trump’s inner circle bring political clout.

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Welcome Home, Israel Confirms Return Of 20 Hostages From Gaza

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Israel said that the last 20 living hostages released by Hamas on Monday had arrived in the country.

“Welcome home,” the foreign ministry wrote in a series of posts on X, hailing the return of Matan Angrest, Gali Berman, Ziv Berman, Elkana Bohbot, Rom Braslavski, Nimrod Cohen, David Cunio, Ariel Cunio, Evyatar David, Guy Gilboa Dalal, Maxim Herkin, Eitan Horn, Segev Kalfon, Bar Kuperstein, Omri Miran, Eitan Mor, Yosef Haim Ohana, Alon Ohel, Avinatan Or and Matan Zangauker.

READ ALSO:Trump Gives Update On Israel, Hamas Peace Deal

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20 Members Of Gang Blacklisted By US Escape Guatemala Prison

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Twenty members of a gang designated a “foreign terrorist organisation” by the United States have escaped from detention in Guatemala, a prison chief said Sunday.

The members of the Barrio 18 gang “evaded security controls” at the Fraijanes II facility, prison director Ludin Godinez said at a news conference.

He received “an intelligence report” on Friday warning about the “possible escape” from the prison, which is southeast of the capital, Guatemala City.

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Godinez said they were investigating possible acts of corruption.

READ ALSO:China’s Trade Surges Despite US Tariff Threats

Washington last month blacklisted Barrio 18, an El Salvador-based gang which has a reputation for violence and extortion, as part of its crackdown on drug trafficking.

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The US embassy in Guatemala condemned the prison escape as “utterly unacceptable.”

“The United States designated members of this heinous group as the terrorists they are and will hold accountable anyone who has provided, provides, or decides to provide material support to these fugitives or other gang members,” the embassy said on X.

It called on the Guatemalan government to “act immediately and vigorously to recapture these terrorists.”

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READ ALSO:US Threatens To Sanction Countries That Vote For Shipping Carbon Tax

According to Interior Minister Francisco Jimenez, there are about 12,000 gang members and collaborators in Guatemala, while another 3,000 are in prison.

The country’s homicide rate has increased from 16.1 per 100,000 inhabitants in 2024 to 17.65 this year, more than double the world average, according to the Centre for National Economic Research.

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According to the Salvadoran government, the gangs Barrio 18 and Mara Salvatrucha, better known as MS-13, are responsible for the deaths of about 200,000 people over three decades.

The two gangs once controlled an estimated 80 percent of El Salvador, which had one of the highest homicide rates in the world.

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South Africa Bus Crash Kills 40 Including Malawi, Zimbabwe Nationals

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At least 40 people, including nationals of Malawi and Zimbabwe, were killed when a passenger bus rolled down an embankment in South Africa, a provincial transport minister said Monday.

The bus travelling to Zimbabwe crashed around 90 kilometres (55 miles) from the border on Sunday after the driver apparently lost control, Limpopo province transport minister Violet Mathye said.

“They are still working on the scene, but 40 bodies have already been confirmed to date,” Mathye told the Newzroom Afrika channel. The dead included a 10-month-old girl, she said.

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READ ALSO:South African Court Finds Radical Politician Malema Guilty On Gun Charges

Thirty-eight people were in hospital and rescuers were searching for other victims, she told eNCA media.

The bus was travelling from the southern city of Gqeberha, around 1,500 kilometres away, and its passengers included Malawians and Zimbabweans who were working in South Africa. The crash may have been caused by driver fatigue or a mechanical fault, the minister said.

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South Africa has a sophisticated and busy road network with a high rate of road deaths, blamed mostly on speeding, reckless driving and unroadworthy vehicles.

AFP

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