Trump tariffs live updates: President sends shock waves worldwide as Elon Musk seizes even greater power

The American president fed the fear of a global trade war because he confirmed that he is imposing taxes on the 'horrible' EU.

Shares around the world dive into the intensifying action, with the FTSE 100 of more than 100 points in early trade. Shares in Germany, France and Asia have hit even harder.

By Katelyn Caralle, senior American political reporter in Washington, DC

Elon Musk and President Donald Trump closed the controversial government agency that was responsible for humanitarian aid abroad after they agreed that the organization was 'irreparable'.

The billionaire 'First Buddy' led a civil evaluation of the federal government with Trump's Go-Ahead and decided this week to close the American Bureau for International Development (USAID) and the Washington, DC offices.

The staff was shocked when they woke up on Monday morning to instruct Emails to stay out of the desk of the desk of the desk.

“It became clear that it is not an apple with a worm that is in it,” said Musk in an only audio appearance on X. “What we have is just a ball of worms. You actually have to get rid of the whole thing. It is irreparable. '

The Tesla and SpaceX boss noticed in the announcement on his social media site that he spoke with Trump about the desk and they agreed that we had to close it. '

From 2016, USAID reported that it had 10,235 employees on the payroll.

It succeeded in more than $ 40 billion in credits in the tax year 2023, which is less than 1 percent of the federal budget. USAID offers development and help in around 130 countries with these funds.

USAID employees said they followed 600 employees who reported that they were locked up at night from the computer systems of the desk.

Those who are still in the system received messages to their work emails with the text 'On instructions of desk leadership' The head office building 'will be closed for desk staff on Monday 3 February. “

Elon Musk attacked the controversial government agency on Sunday that had humanitarian aid abroad on Sunday, and called it a 'criminal organization' after Donald Trump claimed that it was 'run by radical madmen'.

The attack on the American Agency for International Development (USAID) marks an important new Front Musk's unprecedented Power Grab to increase and eliminate federal departments what it regards as wasteful editions.

'Usaid is a criminal organization', Musk, the billionaire -owner of Tesla and SpaceX who has become the most powerful backer of the president, wrote on his X platform without providing any evidence 'time for it to die'.

President Donald Trump threatened to reduce all future financing to South Africa in an attempt to punish the government for allowing what he called 'human rights violations'.

In the first month of his second presidential term of office, Trump was imposed at work at the rates for foreign nations, which yields retaliation measures in exchange for both Mexico and Canada.

On Sunday, Trump shared the truth of the truth on Sunday that he has now set his sights on South Africa – in a clear response to a new law on expropriation of the country.