JD Vance says Trump seeks to ‘rebalance global trade’ while announcing progress on US-India trade talks
JD Vance, the US vice-president, has said in India that the Donald Trump administration is seeking “to rebalance global trade”, and announced that in talks with India’s prime minister Narendra Modi the pair had “officially finalised the terms of reference for the trade negotiation.”
Vance said “we want to partner with people and countries who recognize the historic nature of the moment we’re in, of the need to come together and build something truly new, a system of global trade that is balanced, one that is open, and one that is stable and fair”.
He continued: “America’s partners need not look exactly like America, nor must our governments do everything exactly the same way, but we should have some common goals.”
He said: “Critics have attacked my president, president Trump, for starting a trade war in an effort to bring back the jobs in the past, but nothing could be further from the truth. He seeks to rebalance global trade so that America, with friends like India, can build a future worth having for all of our people together.”
Key events
Catherine Shoard
George Clooney has said he is unconcerned about the persistent verbal abuse levelled at him by Donald Trump, after the president labelled him a “fake movie actor” on Truth Social.
Speaking to Gayle King on CBS Mornings, Clooney said: “I don’t care. I’ve known Donald Trump for a long time. My job is not to please the president of the United States. My job is to try and tell the truth when I can and when I have the opportunity. I am well aware of the idea that people will not like that.”
He continued: “People will criticise that. Elon Musk has weighed in [about me]. That is their right. It’s my right to say the other side.”
Trump’s attacks on Clooney renewed last summer, after the latter’s op-ed piece in the New York Times urging Joe Biden to step down for re-election. The actor wrote that Biden could continue with his work furthering democracy by allowing an alternative, younger Democratic candidate to run, who might stand a greater chance of beating Donald Trump.
“So now fake movie actor George Clooney, who never came close to making a great movie, is getting into the act,” posted Trump. “He’s turned on Crooked Joe like the rats they both are.”
Johana Bhuiyan
Harvard University has filed a lawsuit against the Trump administration, alleging it is trying to “gain control of academic decision-making at Harvard”.
The university is fighting back against the administration’s threat to review about $9bn in federal funding after Harvard officials refused to comply with a list of demands that included appointing an outside overseer to ensure that the viewpoints being taught at the university were “diverse”. Harvard is specifically looking to halt a freeze on $2.2bn in grants.
The lawsuit comes as the Trump administration has sought to force changes at multiple Ivy League institutions after months of student activism centered around the war in Gaza. The administration has painted the campus protests as anti-American, and the institutions as liberal and antisemitic, which Harvard’s president, Alan Garber, refuted.
White House spokesperson Harrison Fields said in a statement that the “gravy train of federal assistance” to institutions like Harvard was coming to an end.
“Taxpayer funds are a privilege, and Harvard fails to meet the basic conditions required to access that privilege,” Fields said.
Political website the Hill is this morning reporting some misgivings among senior Republicans after Donald Trump increased his attacks on Federal Reserve chair Jerome Powell amid market turmoil sparked by Trump’s tariff decisions.
It quotes a Republican source saying “Republicans on the Banking Committee and even the Financial Services Committee have a lot of faith in Powell and think it would be ill-advised to undermine his economic agenda by dismissing Powell or prematurely cutting rates.”
A Republican strategist told the Hill’s Alexander Bolton that high profile criticism of the Fed “usually backfires”, and that among older-school Republicans “people are thinking, ‘This isn’t going to work’”
Of talk of replacing Powell, the strategist said “The market is all based on emotions and vibes, so getting rid of that stability amidst everything else would be very bad.”
It isn’t clear that Trump has the legal power to dismiss and replace Powell in any case.
JD Vance warns 21st century could be ‘a very dark time for all of humanity’
Speaking in India, JD Vance has warned that the 21st century could be “a very dark time for all of humanity” depending on the decisions made over global trade and global partnerships at this juncture.
The US vice-president said “We are now officially one quarter into the 21st century, 25 years in, 75 years to go. And I really believe that the future of the 21st century is going to be determined by the strength of the US-India partnership.
“I believe that if India and the United States work together successfully, we are going to see a 21st century that is prosperous and peaceful. But I also believe that if we fail to work together successfully, the 21st century could be a very dark time for all of humanity.
“So I want to say it’s clear to me, as it is to most observers, that president Trump, of course, intends to rebalance America’s economic relationship with the rest of the world.
“That’s going to cause, fundamentally, will cause profound changes within our borders, in the United States, but of course, within other countries as well.
“But I believe that this rebalancing is going to produce great benefits for American workers. It’s going to produce great benefits for the people of India.
“And because our partnership is so important to the future of the world, I believe president Trump’s efforts, joined, of course, by the whole country of India, and prime minister Modi, will make the 21st century the best century in human history. Let’s do it together.”
JD Vance has told an audience in India that the US is seeking to export more energy into the Indian market, criticising previous US administration polices, claiming they had been “motivated by a fear of the future”.
Vance drew applause by praising Indian prime minister Narendra Modi for being “a tough negotiator”, and said “He drives a hard bargain. It’s one of the reasons why we respect him.”
He continued by saying “We don’t blame prime minister Modi for fighting for India’s industry, but we do blame American leaders of the past for failing to do the same for our workers, and we believe that we can fix that to the mutual benefit of both the United States and India.”
During the speech, the vice-president said “As president Trump is fond of saying, America has once again begun to drill, baby, drill. And we think that will be to the benefit of Americans, but will also benefit India as well. Past administrations in the United States of America, I think, motivated by a fear of the future, have tied our hands and restricted American investments in oil and natural gas production.”
He then called for India to change its policies on non-tariff barriers to specific US product sectors, including ethanol and small modular nuclear reactors.
Vance is speaking at the Rajasthan International Center in Jaipur.
JD Vance says Trump seeks to ‘rebalance global trade’ while announcing progress on US-India trade talks
JD Vance, the US vice-president, has said in India that the Donald Trump administration is seeking “to rebalance global trade”, and announced that in talks with India’s prime minister Narendra Modi the pair had “officially finalised the terms of reference for the trade negotiation.”
Vance said “we want to partner with people and countries who recognize the historic nature of the moment we’re in, of the need to come together and build something truly new, a system of global trade that is balanced, one that is open, and one that is stable and fair”.
He continued: “America’s partners need not look exactly like America, nor must our governments do everything exactly the same way, but we should have some common goals.”
He said: “Critics have attacked my president, president Trump, for starting a trade war in an effort to bring back the jobs in the past, but nothing could be further from the truth. He seeks to rebalance global trade so that America, with friends like India, can build a future worth having for all of our people together.”
JD Vance is currently speaking in India. You can watch it here:
Democratic party Rep Haley Stevens has launched her US senate campaign in Michigan, claiming that Donald Trump’s economic policies are “putting tens of thousands of Michigan jobs at risk.”
Stevens is aiming to make the case that she will protect the state’s crucial auto industry, and said in a campaign video criticising what she described as the “chaos and reckless tariffs” coming out of the administration.
“We absolutely need to put an end to the chaos agenda,” she said in an interview with the Associated Press.
Stevens will face State Sen Mallory McMorrow and former gubernatorial candidate and public health official Abdul El-Sayed in the Democratic primary, while Republican Mike Rogers will also stand, having lost to Sen Elissa Slotkin by just 19,000 votes last time out.
The winner of the contest will replace Democratic senator Gary Peters, who is retiring at the end of his term.
A judge in New York has placed a temporary halt on a plan to allow federal immigration agents to operate within the Rikers Island jail complex.
New York mayor Eric Adams has insisted that the presence of ICE will assist investigations into gang-related activities, but a lawsuit against the plan has accused him of entering into a “quid pro quo” deal with the Trump administration over the plan.
Agents previously had access to the jail, but this was ended in 2014 under New York City’s sanctuary laws.
Political analyst at CNN, Stephen Collinson, has said that defense secretary Pete Hegseth looks “safe – for now.”
Writing for the news network, Collinson said:
President Donald Trump spent huge political capital getting Hegseth confirmed because the Pentagon chief mirrors Trump’s own riotous political identity and instincts. The point of his selection was to show the conventions and traits that normally define top national security officials don’t apply in the president’s tear-it-down second term.
This is why Hegseth seems safe for now. It’s not entirely surprising that the former Fox News anchor isn’t acting like the kind of national security official who guards sensitive information with their life.
But firing Hegseth three months into a tenure that started with national security experts warning he was dangerously unprepared to lead the Pentagon would force an embarrassed Trump to admit he’d made a mistake.
And, critically, Hegseth has not yet committed the unpardonable transgression that led to the departure of two Trump first-term defense secretaries – trying to thwart the president.
Dow Jones index on course for worst April since 1932 amid tariff trade war
The Dow Jones index closed down 971 points last night, dropping 2.4% while the Nasdaq declined 2.5% as investors continue to be spooked by the Trump administration’s tariff-driven trade policies.
On Monday, Donald Trump decried Federal Reserve chair Jerome Powell as “Mr Too Late” for not dropping interest rates. Powell has angered Trump by saying that his administration’s tariff policy would most likely lead to higher inflation and slower growth.
The Wall Street Journal reports that the Dow Jones index is on course for “its worst April performance since 1932”, and that the downward trend is because “few [investors] think the administration’s negotiations with trade partners will yield results soon enough to ease the strain.”
It quoted Scott Ladner, chief investment officer at Horizon Investments, saying “It’s impossible to commit capital to an economy that is unstable and unknowable because of policy structure.”
Writing for the Journal, Hannah Erin Lang said “The mood on Wall Street is darkening … Bearishness levels – or expectations that stock prices will fall – among ordinary investors have hovered above 50% for eight consecutive weeks”. That, she reported, is the longest bear majority since records began in 1987.
Trump backs Hegseth as administration denies it is suffering ‘dysfunction’
US president Donald Trump has said he backs beleaguered defense secretary Pete Hegseth as the row over his use of the Signal messaging deepended, amid a series of chaotic missteps from the administration with grave consequences.
A legal battle with Harvard University appears to have been triggered by a letter sent to the university from the administration prematurely, people have been wrongfully deported, and the IRS has run through a succession of leaders in record time.
Trump said criticism of Hegseth was “fake news” and that pursuing the issue was a “waste of time”. Hegseth has been accused of sharing military details in two different Signal chat groups.
Harrison Fields, a spokesperson for the White House, denied the administration was dysfunctional, saying “You can’t have this many results with high levels of dysfunction”. He did not specify which results the administration was proud of.
A government professor at Georgetown University told the New York Times that it had been reasonable to expect that a Trump administration “more disciplined this time around”. A lack of senior officials and advisers in position around Trump, many of whom have been replaced by campaigning loyalists, compared to his first term, is being blamed in some quarters for the chaotic performance.
Welcome and opening summary …
Welcome to the Guardian’s rolling coverage of US politics and the second Trump administration. Here are the headlines …
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President Donald Trump has backed defense secretary Pete Hegseth over his discussions of military information on the Signal platform, saying concerns are a “waste of time”. The White House has denied media reports that it was already in the process of seeking a replacement for Hegseth
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More than 100 presidents of US colleges and universities have signed a statement denouncing the Trump administration’s “unprecedented government overreach and political interference” with higher education
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The Office of Special Counsel has told federal employees it will be droppings its inquiry into the firing of thousands of government staff by the Trump administration
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The Wall Street Journal reports that investors believe the Dow Jones index is heading for its worse April since 1932, over doubts with the Trump administration’s tariff-driven trade policy
