Trump to Put Tariffs of Over 10% on Smaller Nations, Including Those in Africa and the Caribbean
The president had this month been posting letters to roughly two dozen countries and the European Union that simply levied a tariff rate to be charged starting August 1. Those countries generally faced tax rates on the goods close to the April 2 rates announced by the US president, whose rollout of historically high import taxes for the US caused financial markets to panic and led to Trump setting a 90-day negotiating period that expired July 9.
Trump also said he would probably announce tariffs on pharmaceutical drugs at the end of the month. The president said he would start out at a lower tariff rate and give companies a year to build domestic factories before they faced higher import tax rates. Trump said computer chips would face a similar style of tariffs.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Arabiya
2 hours ago
- Al Arabiya
Alaska Airlines grounds all flights, citing IT outage
US carrier Alaska Airlines grounded all of its flights after experiencing an IT outage on Sunday that impacted its systems, the company said, without specifying the nature of the outage. 'At approximately 8 p.m. Pacific on Sunday (0300 GMT on Monday), Alaska Airlines experienced an IT outage that's impacting our operations. We requested a temporary, system-wide ground stop for Alaska and Horizon Air flights,' Alaska said in an emailed statement to Reuters on Sunday evening. The Seattle-based airline said there would be residual impacts to its operations throughout the evening, without providing more specific details. The FAA did not immediately respond to Reuters' requests for comment outside regular business hours. The FAA status page showed all destinations being impacted by the ground stop of Alaska's mainline aircraft, and Horizon's ground stop. Alaska Air Group maintains an operational fleet of 238 Boeing 737 aircraft, and 87 Embraer 175 aircraft, according to its website. In June, Alaska Air Group-owned Hawaiian Airlines said some of its IT systems were disrupted by a hack. Alaska Air Group said it was still determining the financial impact of the hack.
Arab News
4 hours ago
- Arab News
Japan's PM Shigeru Ishiba hangs on after election debacle
TOKYO: Japanese Prime Minister Shigeru Ishiba was clinging on Monday even after his coalition disastrously lost its upper house majority, as painful new US tariffs Liberal Democratic Party (LDP), which has governed almost continuously since 1955, and its partner Komeito had to win 50 seats in Sunday's election but they fell three short, national broadcaster NHK angry at inflation turned to other parties, notably the 'Japanese first' Sanseito, which made strong gains with its 'anti-globalist' drive echoing the agenda of populist parties elsewhere.'I even think (the LDP) should have lost more,' 25-year-old Kazuyo Nanasawa, who voted for a small ultra-conservative party, said, adding that Ishiba should debacle comes only months after Ishiba's coalition was forced into a minority government in the more powerful lower house, in the LDP's worst result in 15 asked late Sunday if he intended to remain in office, Ishiba told local media: 'That's right.''The deadline of (US) tariffs is coming on August 1. Until then we have to do our best with our body and soul,' he Ishiba does go, it was unclear who might step up to replace him now that the government needs opposition support in both chambers to pass supporter Takeshi Nemoto, 80, said that a new leadership contest 'would be a losing battle' for the party, further complicating tariff talks with US President Donald Trump's administration.'Diplomacy is under pressure at the moment,' agreed Shuhei Aono, 67. 'Who is going to take care of it? I think (Ishiba) cannot easily withdraw.'The election saw 125 seats in the 248-seat upper house coalition needed 50 of those but local media reported they only won 47, with the LDP winning 39 and Komeito eight, giving them 122 was the Constitutional Democratic Party of Japan (CDP), which won 22 contested seats, followed by the Democratic Party For the People (DPP) with right-wing Sanseito party won 14 wants 'stricter rules and limits' on immigration, opposes 'radical' gender policies, and wants a rethink on decarbonization and was forced last week to deny any links to Moscow — which has backed populist parties elsewhere — after a candidate was interviewed by Russian state opposition is fragmented, and chances are slim that the parties can form an alternative government, Hidehiro Yamamoto, politics and sociology professor at the University of Tsukuba, the coalition would be difficult, with the DPP the most likely partner 'on the condition that (the government) delivers some of the positive fiscal measures, such as tax cuts,' he likely is that Ishiba will continue needing opposition support on a case-by-case basis to pass return the opposition could press for consumption tax to be cut or abolished, something which Ishiba has opposed in view of Japan's colossal national debts of over 200 percent of gross domestic years of stagnant or falling prices, consumers in the world's fourth-largest economy have been squeezed by inflation since Russia's 2022 invasion of particular, the price of rice has doubled, squeezing many household budgets despite government helping is lingering resentment about an LDP funding scandal, and US tariffs of 25 percent due to bite from August 1 if there is no trade deal with the United imports are already subject to a 10 percent tariff, while the auto industry, which accounts for eight percent of jobs, is reeling from a 25 percent Ishiba securing an early meeting with Trump in February, there has been no trade accord. On Monday tariffs envoy Ryosei Akazawa left on his eighth visit to Washington.'There's no impact from the election result (on the negotiations),' Akazawa told reporters at Tokyo's Haneda airport, saying that Japan's national interest remained the 'top priority.'
Arab News
7 hours ago
- Arab News
Thousands in Morocco call for end to Gaza war
RABAT: Tens of thousands of Moroccans demonstrated Sunday in the capital Rabat against the dire humanitarian situation in the Gaza Strip, calling for the reversal of the kingdom's normalization deal with Israel. Protesters gathered in the city center, brandishing Palestinian flags and placards calling for the free flow of aid to the war-ravaged Palestinian territory. 'It's a disgrace, Gaza is under fire,' 'Lift the blockade,' 'Morocco, Palestine, one people' and 'no to normalization,' chanted the demonstrators. They had gathered at the call of various organizations, including a coalition bringing together the Islamist movement Al-Adl Wal-Ihssane and left-wing parties. Moroccans wave Palestinian flags during a march to express their solidarity with the Palestinians in the Gaza Strip, in Rabat on July 19, 2025. (AFP) The war in Gaza, sparked by militant group Hamas's deadly attack on Israel on October 7, 2023, has created dire humanitarian conditions for the more than two million people who live in the coastal territory. Most people have been displaced at least once by the fighting, and doctors and aid agencies say they were seeing the physical and mental health effects of 21 months of war, including more acute malnutrition. 'Palestinians are being starved and killed before the eyes of the whole world,' said Jamal Behar, one of the demonstrators in Rabat on Sunday. 'It is our duty to denounce this dramatic, unbearable situation.' Morocco and Israel in 2020 signed a US-brokered normalization deal, which has increasingly come under attack in the North African kingdom as the war in Gaza rages into its 22nd month.
