*By Carlo Versano*
One year after his "fire and fury" speech that threatened North Korea and its "little rocket man" leader with annihilation, President Trump addressed the annual United Nations General Assembly on Tuesday, expanding on his "America First" motto and replacing North Korea with Iran as the main antagonist.
Trump said that the sanctions the U.S. imposed on Iran after pulling out of the nuclear deal have hurt the "corrupt dictatorship," while the president substantially softened his tone on North Korea ー which, according to Trump, has taken a "number of encouraging measures" since he last appeared in front of the body.
While North Korean leader Kim Jong Un has not launched a missile test since his June meeting with Trump in Singapore, there is little evidence that the regime has made meaningful steps toward denuclearization.
Trump also referenced OPEC, saying the cartel is "ripping off the rest of the world" by keeping oil prices high. The group has been reluctant to increase supply, and along with impending U.S. sanctions against Iranian crude exports, oil has risen to a four-year high.
But perhaps the most notable thread of Trump's UN address was an apparent change to the country's foreign aid policy.
"Moving forward, we're only going to give foreign aid to those who respect us and, frankly, are our friends," Trump said. That would be a major difference in how America has thought of aid in the post-war era, when it has been seen as a measure of altruism and an extension of diplomacy ー not something transactional.
For an administration that often views foreign policy in stark terms, Trump's speech stayed largely on message.
He rejected globalism and praised sovereignty, viewing the ideologies as mutually exclusive. At one point, he praised his White House for accomplishing "more than almost any administration in the history of our country," a statement that drew chuckles from the assembled world leaders.
"I didn't expect that reaction," Trump said, veering momentarily off script.
A new poll finds most U.S. adults are worried about health care becoming more expensive.
The White House budget office says mass firings of federal workers have started in an attempt to exert more pressure on Democratic lawmakers as the government shutdown continues.
President Donald Trump says “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea after China restricted exports of rare earths needed for American industry. The Republican president suggested Friday he was looking at a “massive increase” of import taxes on Chinese products in response to Xi’s moves. Trump says one of the policies the U.S. is calculating is "a massive increase of Tariffs on Chinese products coming into the United States." A monthslong calm on Wall Street was shattered, with U.S. stocks falling on the news. The Chinese Embassy in Washington hasn't responded to an Associated Press request for comment.
Most members of the Federal Reserve’s interest-rate setting committee supported further reductions to its key interest rate this year, minutes from last month’s meeting showed.
From Wall Street trading floors to the Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern, as everyone awaits the Labor Department’s monthly jobs report.
The Supreme Court is allowing Lisa Cook to remain as a Federal Reserve governor for now.
Rep. John Moolenaar has requested an urgent briefing from the White House after Trump supported a deal giving Americans a majority stake in TikTok.
A new report finds the Department of Government Efficiency’s remaking of the federal workforce has battered the Washington job market and put more households in the metropolitan area in financial distress.
A new poll finds U.S. adults are more likely than they were a year ago to think immigrants in the country legally benefit the economy. That comes as President Donald Trump's administration imposes new restrictions targeting legal pathways into the country. The Associated Press-NORC Center for Public Affairs Research survey finds Americans are more likely than they were in March 2024 to say it’s a “major benefit” that people who come to the U.S. legally contribute to the economy and help American companies get the expertise of skilled workers. At the same time, perceptions of illegal immigration haven’t shifted meaningfully. Americans still see fewer benefits from people who come to the U.S. illegally.
Shares of Tylenol maker Kenvue are bouncing back sharply before the opening bell a day after President Donald Trump promoted unproven and in some cases discredited ties between Tylenol, vaccines and autism. Trump told pregnant women not to use the painkiller around a dozen times during the White House news conference Monday. The drugmaker tumbled 7.5%. Shares have regained most of those losses early Tuesday in premarket trading.
