Economy
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US suspends aid to South Africa after Trump order

The state department has ordered an immediate pause on most US foreign assistance to South Africa, according to a cable seen by the Guardian, officially implementing a contentious executive order by Donald Trump. The directive, issued on Thursday, implements Executive Order 14204 targeting what the administration called “egregious actions” by South Africa. It orders all…

Economy
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Cheap goods ‘not essence of American dream’, Trump official says amid tariff price fears

Buying cheap products is “not the essence of the American dream”, Donald Trump’s top economic official has declared, amid warnings that the US president’s trade wars risk increasing prices. The US treasury secretary, Scott Bessent, defended the new administration’s aggressive trade strategy on Thursday, two days after it imposed sweeping tariffs on Canada and Mexico…