Israel begins daily pause in fighting in 3 Gaza areas to allow 'minimal' aid as hunger grows
28/07/2025
US and EU strike deal with 15% tariff to avert trade war
28/07/2025
Euro 2025 final: England beat Spain in penalty shootout
28/07/2025
Turkey battles wildfires amid strong winds, heatwave
28/07/2025
Thai, Cambodian leaders hold ceasefire talks in Malaysia
28/07/2025
War in Gaza: Israel says 120 trucks of aid distributed
28/07/2025
US and EU clinch deal with 15% US tariff on most EU exports to avert trade war
28/07/2025
Tadej Pogacar wins a fourth Tour de France, Wout van Aert takes the final stage
28/07/2025
Trump and Von der Leyen strike a deal in transatlantic tariff standoff
27/07/2025
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Euronews
2 minutes ago
- Euronews
Trump announces new tarffs across the globe
US President Donald Trump signed an executive order that imposed new tariffs on dozens of countries, which will go into effect in seven days, a deadline that has been delayed by a week so that the tariff schedule could be updated. To many, the tariff hikes do not come as a suprise, as the Republican President initially announced them in April. Trump had set a minimum 10% tariff on every country in the world and additional levies on dozens deemed the worst offenders, citing deficits and unfair trade practices with the US. The US President delayed the deadline of the tariff implementation, dubbed "Liberation Day," several times, giving trading partners the opportunity to negotiate. Some of them were able to negotiate an agreement and even reach tariff-reducing deals. A 15% tariff rate for the EU, for example, was decided on after European Commission President Ursula von der Leyen reached a political agreement with Trump on Sunday. Some countries, however, were unable to negotiate, injecting them with a new dose of uncertainty. And for some, higher tariffs were put into place than initially promised. Brazil, with 50% tariffs on its imported goods, and Canada with 35% are among the hardest hit, followed by 39% for Switzerland, 25% for India, and 20% for Taiwan. Trump issued a separate order for Canada, stating a tariff raise from 25% to 35%, citing the cross-border flow of fentanyl. The announcement from the White House late Thursday said Canada had failed to 'do more to arrest, seize, detain or otherwise intercept ... traffickers, criminals at large, and illicit drugs.' Earlier on Thursday, the US President had also said Canada's announcement that it will recognise Palestine as a state as the reason it would be "very hard" for the US to reach a trade agreement with its northern neighbour. Similarly for Brazil, Trump's tariff decision seemed more about political revenge, as the Republican President directly linked the 50% rate to the trial against former Brazilian President Jair Bolsonaro, which Trump called a "witch hunt." The curveballs sharply contrast with Trump's decision on Mexico, to whom he granted a 90-day extension to continue trade negotiations. Trump has previously said the tax increases on nearly $3 trillion worth of imported goods would bring new wealth, create new factory jobs, reduce budget deficits, and get other countries to treat the US with more respect.
France 24
2 minutes ago
- France 24
Kyiv observes day of mourning after massive Russian strikes, Trump slams ‘disgusting' attack
The death toll from Thursday's Russian missile and drone strikes on Kyiv has risen to 26, including three children, Ukraine 's interior ministry said. The toll previously stood at 16, including two children, but was revised Friday after 'rescuers retrieved 10 bodies from the rubble of the residential building in Sviatoshynsky district, including the body of a 2-year-old child', the ministry posted on Telegram. It also said 159 people were wounded in Thursday's strikes, including 16 children. One person was also killed in a Russian attack early Friday on Zaporizhzhia, in southeast Ukraine, the region's military administration said on Telegram. Kyiv was observing a day of mourning after Thursday's bombardment, among the deadliest the capital has seen since Russia launched its large-scale offensive in February 2022. Ukrainian President Volodymyr Zelensky urged his allies on Thursday to bring about 'regime change' in Russia, hours after the attack. US President Donald Trump on Thursday blasted Russia's actions in Ukraine, suggesting that new sanctions against Moscow were coming. 'Russia—I think it's disgusting what they're doing. I think it's disgusting,' Trump told journalists. On Monday, the US leader issued a '10 or 12' day ultimatum for Moscow to halt its invasion, now in its fourth year, or face sanctions. Trump also said he would send his special envoy Steve Witkoff, currently in Israel, to visit Russia next. Russian President Vladimir Putin has already met Witkoff multiple times in Moscow, before Trump's efforts to mend ties with the Kremlin came to a grinding halt.
France 24
31 minutes ago
- France 24
Trump unveils slew of new tariffs, punishes Canada
However, in a minor reprieve that opens the door to further negotiations, the White House said the measures will take effect in a week for most countries, not Friday as previously expected. The tariffs are a demonstration of raw economic power that Trump sees putting US exporters in a stronger position while encouraging domestic manufacturing by keeping out foreign imports. But the muscular approach has raised fears of inflation and other economic fallout in the world's biggest economy. Trump raised duties on nearly 70 economies, from a current 10 percent level imposed in April when he unleashed "reciprocal" tariffs citing unfair trade practices. The new, steeper levels listed in an executive order vary by trading partner and go as high as 41 percent. Any goods "transshipped" through other jurisdictions to avoid US duties would be hit with an additional 40-percent tariff, the order said. The American leader separately hiked tariffs on Canadian goods from 25 percent to 35 percent -- starting Friday. He had warned of trade consequences for Canada after Prime Minister Mark Carney announced plans to recognize a Palestinian state at the UN General Assembly in September. 'Tears up' rule book "Wow! Canada has just announced that it is backing statehood for Palestine," Trump wrote on Truth Social ahead of the announcement. "That will make it very hard for us to make a Trade Deal with them." But Trump gave more time to neighbor and major trading partner Mexico, delaying for 90 days a threat to increase tariffs from 25 percent to 30 percent, after holding talks with President Claudia Sheinbaum. Canada and Mexico face a separate US tariff regime. Exemptions remain, however, for imports entering the United States under a North American trade pact. With questions hanging over the effectiveness of bilateral trade deals already struck -- including with the European Union and Japan -- the outcome of Trump's overall plan remained uncertain. "No doubt about it -- the executive order and related agreements concluded over the past few months tears up the trade rule book that has governed international trade since World War II," said Wendy Cutler, senior vice president of the Asia Society Policy Institute. "Whether our partners can preserve it without the United States is an open question," she added. The elevated duties come after Washington twice postponed their implementation amid a frantic series of negotiations, alongside announcements of new duties and deals with partners. The 79-year-old Republican has made tariffs core to his protectionist brand of hard-right politics. On Thursday, he claimed the US economy had "no chance of survival or success" without tariffs. Frantic negotiations But the latest salvo came amid legal challenges against Trump's use of emergency economic powers. After a lower court said the president exceeded his authority, the US Court of Appeals heard arguments Thursday in cases against Trump's blanket tariffs targeting different countries. While the president has touted a surge in customs revenues this year, economists warn the duties could fuel inflation. Proponents of his policy argue their impact will be one-off, but analysts are awaiting further data to gauge for more persistent effects. Those who managed to strike deals with Washington to avert steeper threatened levies included Vietnam, Japan, Indonesia, the Philippines, South Korea and the European Union. Among other tariff levels adjusted in Trump's latest order, Switzerland now faces a higher 39 percent duty. The tariff on Taiwanese products was revised down to 20 percent from 32 percent, but its President Lai Ching-te vowed to seek an even lower level. In Southeast Asia, Phnom Penh and Bangkok welcomed news that they each face a 19-percent tariff -- down from initial threatened levels of 49 percent on Cambodia and 36 percent on Thailand. Britain also reached a pact with the United States, although it was not originally targeted by higher "reciprocal" tariffs. Notably excluded from the drama was China, which faces an August 12 deadline instead, when duties could bounce back to higher levels. Washington and Beijing at one point brought tit-for-tat tariffs to triple-digit levels, but both countries have agreed to temporarily lower these duties and are working to extend their truce.
