Washington, April 30 (IANS) The Trump Administration is seeking to overhaul its defence industrial base and reduce reliance on adversaries, as lawmakers reviewed a sweeping budget proposal aimed at boosting domestic manufacturing and supply chains. At a congressional hearing on Wednesday (local time), Defence Secretary Pete Hegseth said the $1.5 trillion budget would “supercharge” production capacity and restore the country’s ability to build weapons systems at scale.He said the plan inclu…
Washington, April 30 (IANS) President Donald Trump has said that the United States is weighing a possible reduction of American troops in Germany, with a decision to be made over “the next short period of time,” after he decried European allies over a lack of support for the US-Israeli war against Iran. Trump made the remarks in a social media post on Wednesday (Local time) following a recent report by The Wall Street Journal that his administration is considering punishing some members of the N…
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View MoreWashington, April 30 (IANS) Disruptions from the US war with Iran are pushing up fuel prices and straining global energy supplies, lawmakers warned, citing mounting pressure on economies worldwide.At a congressional hearing on Wednesday (local time), lawmakers pointed to instability around the Strait of Hormuz, a key shipping route for global oil flows, as a major source of concern.Ranking member Adam Smith said the economic fallout is already visible. “The impact on the economy certainly here…
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