Reuters World News Trump’s tax bill, Israel criticism, Golden Dome and South Africa
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May 21, 2025 Trump's tax cut and spending bill faces scrutiny in a late-night hearing. The UK pauses free trade talks with Israel amid escalating military tensions in Gaza. South Africa's president visits the White House, highlighting strained U.S. relations. The significance of the $175-billion Golden Dome missile defense system is discussed, along with its impact on global defense strategies. Additionally, challenges related to space-based missile defense systems are examined, and their geopolitical implications for nations like Russia and China are explored.
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UK Pauses Trade Talks with Israel
- Britain paused free trade talks with Israel, condemning its military escalation in Gaza as monstrous.
- This marks unusually harsh criticism from a usually balanced UK, signaling rising international isolation for Israel.
Oil Prices Jump on Iran Strike Fears
- Oil prices surged over 1% due to fears Israel may strike Iran's nuclear facilities.
- The potential conflict raises concerns about Middle East oil supply disruptions and global market impacts.
Ramaphosa Seeks US Relations Reset
- South African President Cyril Ramaphosa aims to reset US relations amid deteriorated ties and recent funding cuts.
- Discussions include business opportunities for Elon Musk's companies and a trade proposal involving Tesla and Starlink licensing.