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Trump's $4.9B Aid Cuts Spark Global Job Loss Fears

9/3/2025

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Story summary
  • President Trump proposed a $4.9 billion cut in foreign aid, including a $107 million reduction to the International Labour Organisation (ILO), raising job loss concerns.
  • The ILO, dependent on U.S. funding, fears operational jeopardy from these cuts, which the administration plans to implement without Congressional approval.
  • In India, traders protested Trump's 50% tariff hike, citing potential job losses and factory closures, urging government intervention.