Trump extends deadline to keep TikTok running in US
US President Donald Trump has extended the deadline to comply with a law that requires TikTok's parent company "ByteDance" to sell the popular video app to an American buyer.The 75-day extension comes as the administration finalises a plan to keep the popular app running in the US.The social media platform, which is used by 170 million in the US, initially went dark for several hours before Trump took office as the app prepared to shutter in the US due to a law passed by Congress."The Deal requires more work to ensure all necessary approvals are signed," Trump posted on social media platform Truth Social on Friday.
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BBC News
33 minutes ago
- BBC News
Donald Trump doubles US steel and aluminium tariffs to 50%
US President Donald Trump has signed an order doubling tariffs on steel and aluminium imports from 25% to 50%.The move hikes import taxes on the metals - key inputs in everything from cars to canned food - for the second time in three has said the measures, which come into effect on Thursday, are intended to secure the future of the American steel industry. However, critics say the protections could wreak havoc on steel producers outside the US, spark retaliation from trade partners, and come at a punishing cost for American users of the metals. Hours before he hiked the duties, many firms directly affected could scarcely believe the plan was moving forward, hoping it would turn out to be temporary or some kind of negotiating as Trump moved forward with the deal, the UK was granted a carve-out from the measures, leaving duties on its steel and aluminium at 25%, a move Trump said reflected its ongoing trade discussions with the US. "Always the question with Mr Trump is, is this a tactic or is this a long-term plan?" said Rick Heuther, chief executive of Independent Can Co, a Maryland-based business, which brings in steel from Europe and turns it into decorative cookie tins, popcorn boxes, and other said he had put investments on hold and feared the abrupt changes, and price increases would lead his customers to turn to alternatives such as plastic or paper boxes. "There's a lot of chaos," he said. The US is the biggest importer of steel in the world, after the European Union, getting most of the metal from Canada, Brazil, Mexico and South Korea, according to the US his first term, Trump imposed tariffs of 25% on steel and 10% on aluminium, citing a law that gives him authority to protect industries considered vital to national security. But many imports ultimately escaped the duties after the US struck trade deals with allies and granted exemptions to certain imports at the request of ended those carve-outs in March, saying he was unhappy with the way the protections had been weakened. At Friday's rally at the US Steel factory, he said wanted to make tariffs so high that US businesses would have no alternative but to buy from American suppliers."Nobody's going to get around that," he said of the 50% rate. "That means that nobody's going to be able to steal your industry. It's at 25% - they can get over that fence. At 50%, they can no longer get over the fence." Reaction in the UK and Europe As of May, imports and the rate of raw steel production in the US had changed little since last year before Trump raised tariffs, according to the American Iron and Steel Institute. But steel imports fell 17% in April, compared to March. And businesses selling the metals into the US said they expected Trump's latest announcement to lead to an even more dramatic drop. Trump's moves in March had already prompted Canada and the European Union to prepare to hit back with tariffs of their own American products. On Tuesday, Olof Gill, spokesperson for economic security and trade for the European Commission told the BBC the two sides were engaged in intense talks to try to make progress toward an agreement. "We're negotiating hard to try and make good deals," he said."We really hope that the Americans will roll back on this latest tariff threat, as they have done on others, but that remains to be seen." In the UK, Trump's announcement put new pressure on the government to pin down the trade deal in the works with the US, which had been expected to provide some protection from the March metals tariffs. Trade Secretary Jonathan Reynolds met with US Trade Representative Jamieson Greer in Paris on Wednesday. His office said it was "pleased" that the trade talks had protected UK steel from the latest duties. "We will continue to work with the US to implement our agreement, which will see the 25% US tariffs on steel removed," he said. Gareth Stace, director general of UK Steel, which represents steelmakers, told the BBC that his members had already seen orders cancelled and delayed as a result of the 25% tariffs put in place in March. He warned that a 50% tariff would be "catastrophic" for UK exports to the US, about 7% of overall exports."The introduction of 50% tariffs immediately puts the shutters up," he said. "Most of our orders, if not all of them, will now be cancelled." Economists said the US economy is also facing damage, as prices rise as a result of the new measures. A 2020 analysis estimated that Trump's first term tariffs created roughly 1,000 jobs in the steel industry, but cost the economy 75,000 jobs in other sectors, such as manufacturing and York, vice president of federal tax policy at the Tax Foundation, said that she expected to see even more extreme job losses this time. "Some of the strongest evidence is against tariffs on intermediate inputs like steel and aluminium, finding they are much more harmful because they increase the cost of production in the United States," she said. "It's just very foolish to double down on this type of tariff in particular." Chad Bartusek is director of supply chain management at Drill Rod & Tool Steels, a small, family-owned manufacturing business in Illinois, which brings in about 800,000 pounds of Austrian-made steel each year, at specifications he says are not produced in the US. Mr Bartusek said he was currently waiting on three containers worth of steel rod, which would have entered the US without duties at the start of the of last week, he had expected to pay tariff costs about $72,000. Instead, he is looking at a tariff bill of almost $145,000. "I woke up Saturday morning, looked at the news and my jaw dropped," he said of Trump's announcement. Mr Bartusek said business had been steady until a few weeks ago. But his firm raised prices earlier this year by 8% to 14% to help cover the new cost of the tariffs. Now customers have been ordering more cautiously and he has had to cut back hours for workers. "It's one punch after the other," he said. "Hopefully, this settles down quickly."
Daily Mail
35 minutes ago
- Daily Mail
Neil Young invites Trump to a concert on his summer tour after previously calling the president a 'disgrace'
Canada-born rocker Neil Young has invited President Donald Trump to come attend his summer concert tour – after ripping the president online for threatening 'our way of life.' Young posted about the president on his blog while extending the possibly mock invitation to the self-described fan who he has also labeled 'out of control.' 'When I tour the USA this summer, if there is not martial law by then which would make it impossible, let's all come together and stand for American values,' the Canadian-American rocker wrote on his 'Neil Young Archives.' 'We will not be doing a political show,' Young explained. 'We will be playing the music we love for all of us to enjoy together. President Trump, you are invited. Come and hear our music just as you did for decades.' Young, whose hits have included 'Helpless,' 'Cinnamon Girl,' and 'Southern Man,' along with ' Ohio,' tore into Trump in an earlier posting on his site. That came after Trump's taunts at rocker Bruce Springsteen, one of numerous celebs and notable politicians and other figures Trump has said he would go after, after speaking of 'retribution' during the presidential campaign. 'I am not scared of [Trump]. Neither are the rest of us,' Young wrote. 'What are you worryin' about man?" Young wrote. 'Bruce and thousands of musicians think you are ruining America. You worry about that instead of the dyin' kids in Gaza. That's your problem.' He also referenced the Boss in his post dated June 2. 'Bruce Springsteen and many others will be in our country this summer, there for you, playing your favorite music, songs like 'Born in the USA'. We are proud to be who wer are, and must never let our government forget it,' he wrote. 'Thanks, Neil,' he signed off. The Canadian-American was born north of the border, didn't mention Trump's repeated statements about making Canada the 51st U.S. state in his latest post. Trump, who carefully curates the playlists for his rallies with songs ranging from 'Y.M.C.A. to Puccini's 'Nussun dorma', has called himself a fan of the down-to-earth singer. But Young sued in 2020 for playing his 'Rockin' in the Free World' at rallies he called 'divisive.' He was one of a long list of musicians who objected to their music being used. The suit was later dismissed without prejudice. '[Young's] got something very special. I've listened to his music for years…' Trump once told Rolling Stone, even calling Young's voice 'haunting.' Young's earlier May 20 post contained an image of the White House, and said Trump 'shut down FEMA' – although in fact Trump has only vowed to scrap the agency. He also advised the president to 'stop thinking about what rockers are saying.' That could be unlikely. Trump this week vowed to visit Kid Rock's new restaurant in Nashville. He also plans to attend an upcoming showing of Les Miserables at the Kennedy Center, after installing loyalist Ric Grinell and forcing out board members of the D.C. cultural institution. Trump has found time to attend multiple sporting events as president. Should he decide to take Young up on his offer, his U.S. tour takes him to Jones Beach in Trump's former New York stomping ground, along with Virginia, Rhode Island and New Hampshire – plus Toronto.
Leader Live
36 minutes ago
- Leader Live
UK appears to have been spared immediate hit of Trump's 50% steel tariffs
The US President has decided to 'provide different treatment' to the UK after a deal that was struck between Washington and London last month. Levies will remain at 25% for imports from the UK, however Britain could still be subject to the higher 50% rate from July, according to a version of the order confirming the tariff increase posted by a White House X account on Tuesday. According to the text of the order, Mr Trump has 'further determined that it is necessary and appropriate to allow for the implementation of the U.S.-UK Economic Prosperity Deal of May 8, 2025 (EPD), and to accordingly provide different treatment, as described below, for imports of steel and aluminum articles, and their derivatives, from the United Kingdom'. 🚨 @POTUS just signed the order raising tariffs on steel and aluminum imports to 50%. Here is the text of the order: 1. On January 11, 2018, the Secretary of Commerce (Secretary) transmitted to me a report on the Secretary's investigation into the effect of imports of steel… — Rapid Response 47 (@RapidResponse47) June 3, 2025 The order later says that rates will for now stay at 25% and adds: 'On or after July 9, 2025, the Secretary may adjust the applicable rates of duty and construct import quotas for steel and aluminum consistent with the terms of the EPD, or he may increase the applicable rates of duty to 50 percent if he determines that the United Kingdom has not complied with relevant aspects of the EPD'. The 50% tariff rate more widely is due to come into force from 12.01am Washington DC time on Wednesday, which is shortly after 5am in the UK. A Government spokesperson said: 'The UK was the first country to secure a trade deal with the US earlier this month and we remain committed to protecting British business and jobs across key sectors, including steel as part of our plan for change. 'We're pleased that as a result of our agreement with the US, UK steel will not be subject to these additional tariffs. 'We will continue to work with the US to implement our agreement, which will see the 25% US tariffs on steel removed.' Prime Minister Sir Keir Starmer's trade deal with the US, struck last month, included relief on the steel and aluminium tariffs, but the implementation has not yet been finalised. Business Secretary Jonathan Reynolds met White House trade representative Jamieson Greer in Paris on Tuesday. According to the Department for Business and Trade, Mr Reynolds and Mr Greer discussed a desire to implement the deal struck between London and Washington as soon as possible, and committed to working closely to make it happen. The general terms for the agreement between the UK and US were published in May when the deal was announced, and outline the intended plans. White House press secretary Karoline Leavitt was asked if there was a text of the full deal ready to be released, and told reporters on Tuesday: 'There 's most definitely text with this deal, there is language that this side has seen. 'You'll have to ask the UK Parliament why they haven't seen it from their own Government, I obviously can't answer that question.'
