• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Trump tears down East Wing for $300M ballroom ahead of high-stakes China meeting

by October 25, 2025
written by October 25, 2025

President Donald Trump kicked off the week meeting with Australian Prime Minister Anthony Albanese, and closed out the week jetsetting to Asia. And at home, the White House launched constructing its new ballroom — much to the ire of many Democrats. 

Trump said construction started Monday and that the project would be funded privately. The project is estimated to cost $300 million, up from the $200 million estimate first provided in July when the project was unveiled. 

‘For more than 150 years, every President has dreamt about having a Ballroom at the White House to accommodate people for grand parties, State Visits, etc. I am honored to be the first President to finally get this much-needed project underway — with zero cost to the American Taxpayer!’ Trump said in a social media post. ‘The White House Ballroom is being privately funded by many generous Patriots, Great American Companies, and, yours truly. This Ballroom will be happily used for Generations to come!’

Still, the project has faced criticism as the White House’s historic East Wing was completely demolished. The wing has served as the official entrance to the White House, and is designated as space for the first lady. 

On Monday, Trump signaled he wants to expedite outfitting Australia with nuclear submarines under the trilateral agreement between the U.S., Australia and the U.K. that seeks to enhance Australia’s submarine force to deter Chinese influence in the Indo-Pacific.

The agreement, known as AUKUS, stipulates the U.S. will sell up to five Virginia-class nuclear-powered submarines to Australia that are scheduled for delivery as soon as 2032. The deal also outlines that Australia and the U.K. will work to build additional attack submarines for Australia’s fleet.

However, Trump told reporters that he is looking at equipping Australia with the submarines soon, when asked if he was interested in speeding up the process.

‘Well we are doing that, yeah … we have them moving very, very quickly,’ Trump told reporters Monday.

However, Trump also said that he didn’t believe the deal was necessary to undermine China.

‘I don’t think we’re going to need it,’ Trump said about the trilateral agreement. ‘I think we’ll be just fine with China. China doesn’t want to do that. First of all, the United States is the strongest military power in the world by far. It’s not even close, not even close. We have the best equipment. We have the best of everything, and nobody’s going to mess with that. And I don’t see that at all with President Xi.’

Meanwhile, Trump departed for Asia Friday, as he is slated to meet with Xi during the Asia-Pacific Economic Cooperation (APEC) Summit.

The meeting comes amid ongoing trade negotiations between the two countries, which escalated when Beijing announced Oct. 9 it would impose export controls on rare-earth magnets. Rare earth magnets are used in products ranging from electric cars to F-35 fighter jets. 

As a result, Trump said the U.S. would impose a new 100% tariff on all Chinese goods, which is slated to take effect Nov. 1.

However, Trump has sought to neutralize tension, and has regularly spoken highly of his relationship with Xi in recent weeks. Additionally, he has said he believes a deal will be reached between the two countries.

‘I think we are going to come out very well and everyone’s going to be very happy,’ Trump said Thursday.

Trump and Xi have not met in person since Trump took office in January. Their last meeting took place in June 2019 in Japan.

Trump will also visit Malaysia, Japan and South Korea as part of the trip.

Trump also met with NATO Secretary-General Mark Rutte Wednesday, just after meeting with Ukrainian President Volodymyr Zelenskyy and after calling off a meeting with Russian President Vladimir Putin.

Trump said that he didn’t want a ‘wasted meeting’ with Putin in Hungary, and White House press secretary Karoline Leavitt said that Trump didn’t see enough progress toward peace from Russia.

‘We canceled the meeting with President Putin,’ Trump told reporters in the Oval Office with Rutte Wednesday. ‘It just it didn’t feel right to me. It didn’t feel like we were going to get to the place we have to get. So I canceled it. But we’ll do it in the future.’

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Expert warns Democrats risk backlash over failure to condemn violent rhetoric in their ranks
next post
Serbian foreign minister proposes hosting Ukraine-Russia peace negotiations amid ongoing conflict

related articles

Rubio reveals shared intelligence prevented possible Hamas attack,...

October 26, 2025

Trump gives Hamas 48 hours to return all...

October 26, 2025

Trump ally who donated $130 million to pay...

October 26, 2025

Trump says he won’t waste time meeting Putin...

October 25, 2025

Cuomo rips Mamdani’s victim narrative, says Dem socialist...

October 25, 2025

Serbian foreign minister proposes hosting Ukraine-Russia peace negotiations...

October 25, 2025

Here’s when 2025 Election Day early in-person voting...

October 25, 2025

Expert warns Democrats risk backlash over failure to...

October 25, 2025

MIKE DAVIS: Israel’s Deep State wages farcical lawfare...

October 25, 2025

America’s ‘BAT’ man unveils tech built to outsmart...

October 25, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Ripple and Tron: Tron under pressure is going to a new low

    July 23, 2024
  • Harris preps for debate with Google lawyer, creating ‘conflict of interest,’ Trump campaign says

    August 26, 2024
  • Surging AI demand could cause the world’s next chip shortage, research says

    September 26, 2024
  • Government limps deeper into shutdown crisis with no deal in sight

    October 7, 2025
  • Biden says he and Kamala Harris are ‘singing from the same song sheet’ — as she tries distancing herself

    October 5, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,537)
  • Investing (634)
  • Stock (945)

Latest Posts

  • 5 key takeaways from Kamala Harris’ ’60 Minutes’ interview

    October 8, 2024
  • SCOOP: House to hold hearings next week on ‘activist judges’ blocking Trump agenda

    March 24, 2025
  • President Trump takes on ‘Big Pharma’ by signing executive order to lower drug prices

    May 12, 2025

Recent Posts

  • Trump admin reunites with Elon Musk in pursuit of AI dominance: ‘Benefit of the country’

    September 25, 2025
  • Trump claims no ‘lifts’ or ‘stands’ will be allowed at debate with Kamala Harris

    September 7, 2024
  • Trump revokes Kamala Harris’ Secret Service protection, spokesperson says

    August 29, 2025

Editor’s Pick

  • Marjorie Taylor Greene launches probe into Planned Parenthood’s use of taxpayer funds

    June 13, 2025
  • Doug Emhoff doesn’t deny report he slapped ex-girlfriend outside overseas movie event

    October 11, 2024
  • Hispanics helped Trump win. Here’s how Republicans build on those gains

    November 8, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock