Trump amps up pressure on Russia: What's next?
President Donald Trump said he has moved Russia's deadline to reach a peace deal with Ukraine up - from 50 days to less than two weeks. CNN's Nick Paton Walsh breaks what this could mean for the ongoing conflict and beyond.
01:08 - Source: CNN
Fans in England celebrate Women's Euro 2025 final win
Fans celebrate in London as England has been crowned champion of Europe for the second successive time after defeating Spain 3-1 on penalties in the Women's Euro 2025 final.
00:30 - Source: CNN
Breaking down Israel's aid drops into Gaza
In the midst of a hunger crisis in Gaza, Israel and other countries have begun dropping aid by plane into the area. CNN's Nic Robertson breaks down how much effect this measure can offer, while the UN calls for substantial relief to come from aid trucks moving in quickly through open corridors.
01:15 - Source: CNN
People fight for scraps of food in Gaza
CNN's Nic Robertson reports on the scarce food conditions in Gaza, with children and mothers fighting off starvation as soup kitchens face shortages.
01:46 - Source: CNN
18 people dead after Peru bus accident
At least 18 people have died and 24 were injured after a bus overturned in the Province of Junín, in Central Peru. The cause of the accident is still being investigated.
00:28 - Source: CNN
Rare snow leopard baby born at UK zoo
Video released by Chester Zoo in the United Kingdom shows a rare snow leopard cub taking its first steps. The baby was the first of its kind born at the facility in its 94-year history. Snow leopards are currently listed as 'vulnerable' on the International Union for Conservation of Nature's (IUCN) Red List of Threatened Species.
01:14 - Source: CNN
Trump tells Israel to 'finish the job' against Hamas
00:41 - Source: CNN
Desperate fishermen risk their lives to get food in Gaza
Israel reissued a warning prohibiting anyone from entering Gaza's sea, but hunger drives desperate people to fish. CNN's Jeremy Diamond reports.
02:08 - Source: CNN
'The level of destruction is enormous': Says Cardinal about Gaza
Cardinal Pierbattista Pizzaballa, the Latin Patriarch of Jerusalem, recently toured Gaza after what Israel says was stray ammunition that struck Gaza's only Catholic church, killing three people. He recounts what he witnessed with CNN's Erin Burnett.
01:17 - Source: CNN
Why are Thailand and Cambodia fighting?
Tensions are rising between Thailand and Cambodia over a border dispute that dates back to 1907. CNN's Will Ripley explains how the conflict has escalated.
01:32 - Source: CNN
CNN reports from Gaza aid crossing
CNN's Nic Robertson is on the scene at the Kerem Shalom border crossing as aid agencies warn of rampant hunger caused by Israel's blockade of Gaza. Gaza's health ministry said on Tuesday that 900,000 children are going hungry, and 70,000 already show signs of malnutrition. Israel denies it is at fault and accuses Hamas of 'engineering' food shortages.
01:39 - Source: CNN
Reopening the ancient tunnels 75 feet under Rome
CNN's Ben Wedeman was given an exclusive tour of ancient tunnels underneath Rome's Capitoline Hill. The tunnels, which archeologists say were once filled with ancient Roman shops and taverns, are set to open to the public in late 2026 or early 2027.
02:02 - Source: CNN
Ukraine sees first major anti-government protests since start of war
Hundreds took to the streets after Ukrainian President Volodymyr Zelensky signed a new law limiting the autonomy of anti-corruption agencies in his government.
01:03 - Source: CNN
Peruvian police use superhero disguise during drug raid
An agent in the Peruvian police force disguised themselves as the Mexican superhero character El Chapulín Colorado during a drug raid in the nation's capital of Lima. Police said six members of a criminal gang were captured and that cocaine paste, marijuana, cell phones, and money were seized.
00:38 - Source: CNN
Distressing images show starvation in Gaza
Distressing video footage shows a 41-year-old man in Gaza who died of starvation as humanitarian organizations urge for Israel to end its blockade of the enclave. CNN's Jeremy Diamond reports.
01:57 - Source: CNN
Small Irish town confronts its dark past
Excavations of the remains of nearly 800 babies have begun at a former so-called mother and baby home in Tuam, Ireland. At least 9,000 infants and children died in more than a dozen of these institutions over the course of eight decades.
02:11 - Source: CNN
Fire tornado rips through Turkish forest
Turkey's forestry ministry has released video of a fire tornado tearing through the country's woodland. Hundreds of wildfires have gripped Turkey this summer, as well as Greece and other Mediterranean countries.
00:33 - Source: CNN
Concerns grow over Australia's toxic algae bloom
A harmful algae bloom off the coast of South Australia, caused by high sea temperatures and runoff from flooding, is poisoning marine life and depleting oxygen in the water. The Australian government has stated that there is little that can be done to reverse the rapid rate of the climate crisis.
01:10 - Source: CNN
International visitors to US will pay new fee
CNN's Richard Quest explains how the Trump administration enacted a bill that will require international visitors to pay a new 'visa integrity fee' of $250 dollars. The fee will apply to all visitors who are required to obtain nonimmigrant visas to enter the US.
01:36 - Source: CNN
Mexico City residents furious over gentrification
Mexico City saw its second anti-gentrification protest in less than a month on Sunday with demonstrators furious over rising prices in the city and the record number of foreigners applying for a resident visa. The main nationality of those foreigners seeking to move legally to the nation's capital? The United States of America.
01:11 - Source: CNN
Child flees Israeli strike on Gaza refugee camp
Video shows a child running away as Israeli munitions struck near a UNRWA school in Bureij Refugee Camp behind her.
00:36 - Source: CNN
China cracks down on fake "Lafufu" Labubus
Fake Labubu plush toys, dubbed "Lafufu," have gained popularity due to shortages of the original dolls made by China's Pop Mart.
02:05 - Source: CNN
Jair Bolsonaro denies coup charges as police raid home
Police in Brazil raided the home of former Brazilian President Jair Bolsonaro and enforced a ruling from the country's Supreme Court that Bolsonaro wear an electronic ankle tag. Bolsonaro is being accused of plotting to overturn the results of the 2022 presidential election.
01:17 - Source: CNN
Taiwan conducts 10-day military drill
The Taiwanese government is preparing for a war they hope will never happen. For the first time this year, Taiwan combined two major civil defense exercises, with the drills lasting ten days. These drills have included urban combat, mass casualty simulations, emergency supply drops and cyber defense that could be enacted if an invasion was to occur. CNN's Senior International Correspondent, Will Ripley, reports.
01:44 - Source: CNN
Deadly flooding grips South Korea for days
South Korea has been ravaged for days by intense flooding that's left more than a dozen people dead. Reuters reported more than 16 inches of rain fell in one area in just 24 hours, citing the country's Interior and Safety Ministry.
00:48 - Source: CNN
Brazil's Lula tells Christiane Amanpour: Trump 'Was not elected to be emperor of the world'
Brazilian President Luiz Inácio Lula da Silva tells CNN's Christiane Amanpour in an exclusive interview it was 'a surprise' to see President Donald Trump's letter posted to Truth Social, threatening Brazil with a crippling tariff of 50% starting August 1st. Lula says that he initially thought the letter was 'fake news.' Watch the full 'Amanpour' interview on CNN.
01:33 - Source: CNN
Gaza's only Catholic church hit by Israeli strike
Gaza's only Catholic church was struck by an Israeli tank, killing three and injuring many more, church officials said. It became internationally recognized after reports emerged that the late Pope Francis used to call the church daily. CNN's Nada Bashir reports
00:53 - Source: CNN
Prince Harry recreates his mother's historic landmine walk
Following in his mother's footsteps, Prince Harry visited Angola's minefields just as Princess Diana did 28 years ago. The Duke of Sussex was in Angola with The Halo Trust as part of the group's efforts to clear landmines.
00:39 - Source: CNN
Massive fire destroys Tomorrowland's main stage
Tomorrowland's main stage went up in flames just days ahead of the festival's opening in Boom, Belgium.
00:38 - Source: CNN
How Trump's image is changing inside Russia
Once hailed as a pro-Kremlin figure, President Donald Trump's image is changing inside Russia. It comes after Trump vowed further sanctions on the country if a peace agreement with Ukraine is not reached in 50 days. CNN's Chief Global Affairs Correspondent is on the ground in Moscow with the analysis.
01:41 - Source: CNN
Who are the armed groups clashing in Syria?
Dozens were killed in Syria this week after clashes between government loyalists and Druze militias in the southern city of Suwayda, prompting Syrian forces to intervene. That, in turn, triggered renewed Israeli airstrikes.
01:57 - Source: CNN
Syrian anchor takes cover from airstrike live on TV
An airstrike on the Syrian Ministry of Defense was captured live on Syria TV, forcing the anchor to take cover. Israel has been carrying out airstrikes on Syria as part of its commitment to protect the Druze, an Arab minority at the center of clashes with government loyalists.
00:30 - Source: CNN
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- Yahoo
Trump could meet Putin as soon as next week, White House official says
US President Donald Trump could meet in person with Russian President Vladimir Putin as soon as next week as he seeks to broker an end to the Russia-Ukraine war, a White House official said. The official cautioned that a meeting has not been scheduled yet and no location has been determined. The official was not authorised to speak publicly and spoke to The Associated Press on condition of anonymity to discuss internal plans. The White House said Mr Trump was also open to a meeting with both Mr Putin and Ukrainian President Volodymyr Zelensky. A meeting between Mr Putin and Mr Trump would be their first since Mr Trump returned to office this year. It would be a significant milestone in the three-year-old war, though there is no promise such a meeting would lead to the end of the fighting since Russia and Ukraine remain far apart on their demands. News of a potential meeting with Mr Putin, which was first reported by The New York Times, came hours after Mr Trump's special envoy Steve Witkoff met Mr Putin in Moscow. Mr Trump had posted earlier on Truth Social that Mr Witkoff 'had a highly productive meeting' with Mr Putin in which 'great progress was made'. It was not immediately clear if Mr Putin or Mr Zelensky had agreed to any meetings with Mr Trump. Mr Zelensky has been willing to meet face-to-face with Mr Putin to end the conflict, but Russia has repeatedly rejected the idea. Mr Trump has met Mr Zelensky several times this year, including a contentious February meeting in Washington. Though he has not yet met Mr Putin this year, Mr Trump met with him five times during his first term. Mr Trump said earlier on Wednesday that he updated America's allies in Europe and that they will work toward an end to the Russia-Ukraine war 'in the days and weeks to come'. White House press secretary Karoline Leavitt said: 'The Russians expressed their desire to meet with President Trump, and the President is open to meeting with both President Putin and President Zelensky.' Her statement did not address the potential timing of any meeting. Mr Witkoff met Mr Putin days before the White House's deadline for Russia to reach a peace deal with Ukraine or potentially face severe economic penalties that could also hit countries buying its oil. The meeting between Mr Putin and Mr Witkoff lasted about three hours, the Kremlin said. Mr Putin's foreign affairs adviser Yuri Ushakov said Mr Putin and Mr Witkoff had a 'useful and constructive conversation' that focused on the Ukrainian crisis and, in a nod toward improving relations between Washington and Moscow, 'prospects for possible development of strategic co-operation' between the United States and Russia.
Yahoo
a few seconds ago
- Yahoo
Trump tariffs live updates: India hit with 50% tariffs as Trump's sweeping trade measures roll out
President Trump on Wednesday signed an executive order imposing an additional 25% tariff on India over its purchases of Russian oil. The new tariff, which will come into effect in 21 days, is set to "stack" on top of an existing country-specific tariff of 25%. In doing so, Trump is set to make good on a threat for higher tariffs on India, as he has accused the country of effectively financing the Russian war in Ukraine. "They're fueling the war machine," he charged in a CNBC interview. India's first 25% levy takes effect Thursday, part of scores of new duties that will see importers paying between 10% to 50% as they bring in goods from nearly 200 countries around the globe. Outside of India, Switzerland is the developed nation whose goods face a whopping increase: up to 39%. You can see the new rates Trump is set to levy in the graphic below: Trump also said this week that he would soon announce tariffs on semiconductor and pharmaceutical imports, as he prepares to add more sectoral duties to his mix of tariffs. He said duties on pharma could eventually balloon as high as 250%. In the past several days, Trump has unleashed a flurry of deals and trade moves leading up to his self-imposed deadline: Trump granted Mexico, the US's largest trading partner, a 90-day reprieve on higher tariffs. Trump hiked tariffs on Canadian imports to 35%, though goods contained in the US-Mexico-Canada agreement are exempt, keeping this hike's impact limited so far. The US agreed to a trade deal with South Korea. The agreement includes a 15% tariff rate on imports from the country, while the US will not be charged a tariff on its exports. Trump imposed 50% tariffs on semi-finished copper products starting Aug. 1. The president signed an order to end the de minimis exemption on low-value imports under $800, thereby applying tariffs from Aug. 29. Trump signed another order to impose a total of 50% tariffs on many goods from Brazil. However, it exempts key US imports like orange juice and aircraft parts that benefit Embraer (ERJ). The US and EU agreed to a trade deal that imposes 15% tariffs on EU goods. The nations are still working on finalizing many terms of the deal. Read more: What Trump's tariffs mean for the economy and your wallet Here are the latest updates as the policy reverberates around the world. Trump hits India with additional 25% tariff over Russia oil buys President Trump has hit India with an additional 25% tariff due to India's purchase of Russian oil. The US president threatened India with higher tariffs earlier this week, which India's Prime Minister Narendra Modi called "unjustified," also calling out the US for its double standard over Russia. In an interview with CNBC on Tuesday, Trump said that India was helping to fuel the war machine. 'They're fueling the war machine. And if they're going to do that, then I'm not going to be happy,' Trump said. In the early days of trade negotiations, relations between the US and India appeared more friendly, with both sides saying they would reach a deal within days. However, over recent months ,things seem to have turned sour as neither side can agree on some of the finer details within the deal, which concern dairy and agricultural products. As a result, a trade war seems to have developed between the two sides, and now with this additional 25% tariff gift from Trump to Modi, the two seem further away from reaching an agreement than ever before. Modi's rival blasts 'bully' Trump as public opinion hardens Rahul Gandhi, Narendra Modi's most recognizable political rival, has come out to call President Trump a "bully" for his negotiation tactics. Bloomberg reports: Read more here. Trump order lowering tariffs on EU autos still days away: source European automakers will have to hold on a little while longer before President Trump lowers auto tariffs as EU-US negotiations continue. Reuters reports: Read more here. Alcohol groups say tariffs put $2B in sales and 25,000 jobs at risk In a letter to President Trump, a group comprising of 57 alcohol industry firms have said that Trump's tariffs of 15% on EU goods could reduce the value of alcohol sales by almost $2B and put 25,000 jobs at risk. Reuters reports: Read more here. Carney says he'll look at opportunities to remove tariffs on US Canadian Prime Minister Mark Carney said that he will look to assess ways in which he can remove some counter-tariffs against the US. Carney's statement seems at odds with his earlier commitments to fight back against President Trump's trade war. Bloomberg News reports: Read more here. Trump says Japan to import Ford's huge F-150 pickup trucks President Trump said that Japan has agreed to accept imports of Ford's F-150 pick up trucks. This latest news is seen as a sign that the two sides may not be on the same page when it comes to their understanding of the trade agreement reached last month. Bloomberg News reports: Read more here. US investments under trade deal will be determined by benefits for Tokyo: Japan Reuters reports: Read more here. Honda Q1 operating profit halves on tariffs Shares in Honda Motor (HMC) rose 2% premarket on Wednesday after the automaker reported a 50% drop in first-quarter operating profit. A stronger yen and the impact of President Trump's tariffs took their toll, but the company raised its full-year forecast. Reuters reports: Read more here. China draws red lines on US chip tracking with Nvidia meeting China is pushing back against the US over chips despite their overall trade truce. Last week, Beijing summoned Nvidia (NVDA) staff over security concerns with H20 chips, signaling opposition to the US plans to track advanced semiconductors. Analysts view China's latest move as a warning that it will not allow the US to dominate the chip sector. Bloomberg News reports: Read more here. Trump says he's readying more tariffs on Russian energy buyers Bloomberg News reports: Read more here. Canada to help lumber industry cope with US tariffs: Carney Prime Minister Mark Carney has announced that Canada will provide funds to help the lumber industry prepare for tariffs. Reuters reports: Read more here. Starbucks under pressure again as Brazilian tariffs hike coffee costs Starbucks (SBUX) may soon hike prices on its pumpkin spice lattes and bottled Frappuccinos as it faces cost pressure from the 50% tariff on Brazilian coffee imports, which takes effect on Aug. 6. Yahoo Finance's Francisco Velasquez reports: Read more here. EU continues to press for tariff exemption on wine, spirits as part of US deal The EU is pushing for its wine and spirit exports to be exempt from US tariffs, while both sides work towards refining the deal they agreed last month. The WSJ reports: Read more here. Countries push for last-minute deals as Thursday tariff deadline looms Global importers are bracing for President Trump's next tariff deadline on Thursday morning, when the president's tiered approach to tariffs is expected to take effect. Yet some of the details around trade agreements remain fuzzy. Yahoo Finance's Ben Werschkul reports: Read more here. Trump's copper tariffs apply to $15B of products so far President Trump's copper (HG=F) tariffs are due to hit imports valued at more than $15B in 2024, highlighting the potential inflationary impact on American manufacturers. Trump's unveiling of 50% import duties rattled the global copper market last week, because the US president provided a surprise exemption to key forms of wiring metal. But it still leaves significant trade volumes subject to tariffs. Bloomberg News reports: Read more here. Trump threatens EU with increased tariffs if it doesn't meet investment pledge President Trump threatened to hike tariffs on the European Union back to 35% if the bloc fails to live up to a pledge to invest some $600 billion in the US. "A couple of countries came [and said], 'How come the EU is paying less than us?' And I said well, because they gave me $600 billion," Trump said during a CNBC interview. "And that's a gift, that's not like, you know, a loan," he said, claiming that the terms allow the US to direct where the EU invests. Trump says pharma duties could go to 250% President Trump said he would announce tariffs on semiconductor and pharmaceutical imports "within the next week or so." "We'll be putting a initially small tariff on pharmaceuticals, but in one year — one and a half years, maximum — it's going to go to 150%. And then it's going to go to 250%, because we want pharmaceuticals made in our country," Trump said during a CNBC interview. He said semiconductor and chip tariffs would be in a "different category." US tariff on EU goods set at flat 15% The EU said on Tuesday that European Union goods entering the US face a flat 15% tariff, including cars and car parts. The rate includes the Most Favoured Nation (MFN) tariff and won't exceed 15% even if the US raises tariffs on items like semiconductors and medicines. The EU said it still expects turbulence in its trade dealings with the US. Reuters reports: Read more here. India hits back at Trump's tariff threat India has called out President Trump after he threatened to "substantially raise" tariffs on Indian exports over its Russian oil purchases, slamming the move as unjustified. New Delhi said it would take all necessary steps to protect its economic interests. Bloomberg News reports: Read more here. Nvidia partner Hon Hai's July sales growth weakened by tariffs Nvidia's (NVDA) main server assembly partner Hon Hai Precision ( reported a sales slowdown for July due to US tariffs. Bloomberg News reports: Read more here. President Trump has hit India with an additional 25% tariff due to India's purchase of Russian oil. The US president threatened India with higher tariffs earlier this week, which India's Prime Minister Narendra Modi called "unjustified," also calling out the US for its double standard over Russia. In an interview with CNBC on Tuesday, Trump said that India was helping to fuel the war machine. 'They're fueling the war machine. And if they're going to do that, then I'm not going to be happy,' Trump said. In the early days of trade negotiations, relations between the US and India appeared more friendly, with both sides saying they would reach a deal within days. However, over recent months ,things seem to have turned sour as neither side can agree on some of the finer details within the deal, which concern dairy and agricultural products. As a result, a trade war seems to have developed between the two sides, and now with this additional 25% tariff gift from Trump to Modi, the two seem further away from reaching an agreement than ever before. Modi's rival blasts 'bully' Trump as public opinion hardens Rahul Gandhi, Narendra Modi's most recognizable political rival, has come out to call President Trump a "bully" for his negotiation tactics. Bloomberg reports: Read more here. Rahul Gandhi, Narendra Modi's most recognizable political rival, has come out to call President Trump a "bully" for his negotiation tactics. Bloomberg reports: Read more here. Trump order lowering tariffs on EU autos still days away: source European automakers will have to hold on a little while longer before President Trump lowers auto tariffs as EU-US negotiations continue. Reuters reports: Read more here. European automakers will have to hold on a little while longer before President Trump lowers auto tariffs as EU-US negotiations continue. Reuters reports: Read more here. Alcohol groups say tariffs put $2B in sales and 25,000 jobs at risk In a letter to President Trump, a group comprising of 57 alcohol industry firms have said that Trump's tariffs of 15% on EU goods could reduce the value of alcohol sales by almost $2B and put 25,000 jobs at risk. Reuters reports: Read more here. In a letter to President Trump, a group comprising of 57 alcohol industry firms have said that Trump's tariffs of 15% on EU goods could reduce the value of alcohol sales by almost $2B and put 25,000 jobs at risk. Reuters reports: Read more here. Carney says he'll look at opportunities to remove tariffs on US Canadian Prime Minister Mark Carney said that he will look to assess ways in which he can remove some counter-tariffs against the US. Carney's statement seems at odds with his earlier commitments to fight back against President Trump's trade war. Bloomberg News reports: Read more here. Canadian Prime Minister Mark Carney said that he will look to assess ways in which he can remove some counter-tariffs against the US. Carney's statement seems at odds with his earlier commitments to fight back against President Trump's trade war. Bloomberg News reports: Read more here. Trump says Japan to import Ford's huge F-150 pickup trucks President Trump said that Japan has agreed to accept imports of Ford's F-150 pick up trucks. This latest news is seen as a sign that the two sides may not be on the same page when it comes to their understanding of the trade agreement reached last month. Bloomberg News reports: Read more here. President Trump said that Japan has agreed to accept imports of Ford's F-150 pick up trucks. This latest news is seen as a sign that the two sides may not be on the same page when it comes to their understanding of the trade agreement reached last month. Bloomberg News reports: Read more here. US investments under trade deal will be determined by benefits for Tokyo: Japan Reuters reports: Read more here. Reuters reports: Read more here. Honda Q1 operating profit halves on tariffs Shares in Honda Motor (HMC) rose 2% premarket on Wednesday after the automaker reported a 50% drop in first-quarter operating profit. A stronger yen and the impact of President Trump's tariffs took their toll, but the company raised its full-year forecast. Reuters reports: Read more here. Shares in Honda Motor (HMC) rose 2% premarket on Wednesday after the automaker reported a 50% drop in first-quarter operating profit. A stronger yen and the impact of President Trump's tariffs took their toll, but the company raised its full-year forecast. Reuters reports: Read more here. China draws red lines on US chip tracking with Nvidia meeting China is pushing back against the US over chips despite their overall trade truce. Last week, Beijing summoned Nvidia (NVDA) staff over security concerns with H20 chips, signaling opposition to the US plans to track advanced semiconductors. Analysts view China's latest move as a warning that it will not allow the US to dominate the chip sector. Bloomberg News reports: Read more here. China is pushing back against the US over chips despite their overall trade truce. Last week, Beijing summoned Nvidia (NVDA) staff over security concerns with H20 chips, signaling opposition to the US plans to track advanced semiconductors. Analysts view China's latest move as a warning that it will not allow the US to dominate the chip sector. Bloomberg News reports: Read more here. Trump says he's readying more tariffs on Russian energy buyers Bloomberg News reports: Read more here. Bloomberg News reports: Read more here. Canada to help lumber industry cope with US tariffs: Carney Prime Minister Mark Carney has announced that Canada will provide funds to help the lumber industry prepare for tariffs. Reuters reports: Read more here. Prime Minister Mark Carney has announced that Canada will provide funds to help the lumber industry prepare for tariffs. Reuters reports: Read more here. Starbucks under pressure again as Brazilian tariffs hike coffee costs Starbucks (SBUX) may soon hike prices on its pumpkin spice lattes and bottled Frappuccinos as it faces cost pressure from the 50% tariff on Brazilian coffee imports, which takes effect on Aug. 6. Yahoo Finance's Francisco Velasquez reports: Read more here. Starbucks (SBUX) may soon hike prices on its pumpkin spice lattes and bottled Frappuccinos as it faces cost pressure from the 50% tariff on Brazilian coffee imports, which takes effect on Aug. 6. Yahoo Finance's Francisco Velasquez reports: Read more here. EU continues to press for tariff exemption on wine, spirits as part of US deal The EU is pushing for its wine and spirit exports to be exempt from US tariffs, while both sides work towards refining the deal they agreed last month. The WSJ reports: Read more here. The EU is pushing for its wine and spirit exports to be exempt from US tariffs, while both sides work towards refining the deal they agreed last month. The WSJ reports: Read more here. Countries push for last-minute deals as Thursday tariff deadline looms Global importers are bracing for President Trump's next tariff deadline on Thursday morning, when the president's tiered approach to tariffs is expected to take effect. Yet some of the details around trade agreements remain fuzzy. Yahoo Finance's Ben Werschkul reports: Read more here. Global importers are bracing for President Trump's next tariff deadline on Thursday morning, when the president's tiered approach to tariffs is expected to take effect. Yet some of the details around trade agreements remain fuzzy. Yahoo Finance's Ben Werschkul reports: Read more here. Trump's copper tariffs apply to $15B of products so far President Trump's copper (HG=F) tariffs are due to hit imports valued at more than $15B in 2024, highlighting the potential inflationary impact on American manufacturers. Trump's unveiling of 50% import duties rattled the global copper market last week, because the US president provided a surprise exemption to key forms of wiring metal. But it still leaves significant trade volumes subject to tariffs. Bloomberg News reports: Read more here. President Trump's copper (HG=F) tariffs are due to hit imports valued at more than $15B in 2024, highlighting the potential inflationary impact on American manufacturers. Trump's unveiling of 50% import duties rattled the global copper market last week, because the US president provided a surprise exemption to key forms of wiring metal. But it still leaves significant trade volumes subject to tariffs. Bloomberg News reports: Read more here. Trump threatens EU with increased tariffs if it doesn't meet investment pledge President Trump threatened to hike tariffs on the European Union back to 35% if the bloc fails to live up to a pledge to invest some $600 billion in the US. "A couple of countries came [and said], 'How come the EU is paying less than us?' And I said well, because they gave me $600 billion," Trump said during a CNBC interview. "And that's a gift, that's not like, you know, a loan," he said, claiming that the terms allow the US to direct where the EU invests. President Trump threatened to hike tariffs on the European Union back to 35% if the bloc fails to live up to a pledge to invest some $600 billion in the US. "A couple of countries came [and said], 'How come the EU is paying less than us?' And I said well, because they gave me $600 billion," Trump said during a CNBC interview. "And that's a gift, that's not like, you know, a loan," he said, claiming that the terms allow the US to direct where the EU invests. Trump says pharma duties could go to 250% President Trump said he would announce tariffs on semiconductor and pharmaceutical imports "within the next week or so." "We'll be putting a initially small tariff on pharmaceuticals, but in one year — one and a half years, maximum — it's going to go to 150%. And then it's going to go to 250%, because we want pharmaceuticals made in our country," Trump said during a CNBC interview. He said semiconductor and chip tariffs would be in a "different category." President Trump said he would announce tariffs on semiconductor and pharmaceutical imports "within the next week or so." "We'll be putting a initially small tariff on pharmaceuticals, but in one year — one and a half years, maximum — it's going to go to 150%. And then it's going to go to 250%, because we want pharmaceuticals made in our country," Trump said during a CNBC interview. He said semiconductor and chip tariffs would be in a "different category." US tariff on EU goods set at flat 15% The EU said on Tuesday that European Union goods entering the US face a flat 15% tariff, including cars and car parts. The rate includes the Most Favoured Nation (MFN) tariff and won't exceed 15% even if the US raises tariffs on items like semiconductors and medicines. The EU said it still expects turbulence in its trade dealings with the US. Reuters reports: Read more here. The EU said on Tuesday that European Union goods entering the US face a flat 15% tariff, including cars and car parts. The rate includes the Most Favoured Nation (MFN) tariff and won't exceed 15% even if the US raises tariffs on items like semiconductors and medicines. The EU said it still expects turbulence in its trade dealings with the US. Reuters reports: Read more here. India hits back at Trump's tariff threat India has called out President Trump after he threatened to "substantially raise" tariffs on Indian exports over its Russian oil purchases, slamming the move as unjustified. New Delhi said it would take all necessary steps to protect its economic interests. Bloomberg News reports: Read more here. India has called out President Trump after he threatened to "substantially raise" tariffs on Indian exports over its Russian oil purchases, slamming the move as unjustified. New Delhi said it would take all necessary steps to protect its economic interests. Bloomberg News reports: Read more here. Nvidia partner Hon Hai's July sales growth weakened by tariffs Nvidia's (NVDA) main server assembly partner Hon Hai Precision ( reported a sales slowdown for July due to US tariffs. Bloomberg News reports: Read more here. Nvidia's (NVDA) main server assembly partner Hon Hai Precision ( reported a sales slowdown for July due to US tariffs. Bloomberg News reports: Read more here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a few seconds ago
- Yahoo
Trump could meet Putin as early as next week to discuss Ukraine ceasefire
Donald Trump could meet Vladimir Putin in person as early as next week to discuss a ceasefire in Ukraine, a White House official has said. They said the meeting would be conditional on the Russian president meeting his Ukrainian counterpart Volodymyr Zelenskyy, Sky News's US partner network NBC News reported. It came days before the White House's deadline for Russia to reach a peace deal with Ukraine or face severe economic penalties, which could also target countries buying its oil. Ukraine war latest: Trump could meet with Putin as early as next week Earlier in the day, Mr Putin held talks with Mr Trump's special envoy Steve Witkoff in Moscow, with the meeting lasting around three hours. In a post on Truth Social, Mr Trump said Mr Witkoff "had a highly productive meeting" with Mr Putin in which "great progress was made". He said he had updated America's European allies and they will work towards an end to the Russia-Ukraine war "in the days and weeks to come". Mr Zelenskyy later said he and Mr Trump spoke on the phone after the meeting. He said "European leaders also participated in the conversation" and "we discussed what was said in Moscow". He added: "Our common position with our partners is absolutely clear: The war must end. We all need lasting and reliable peace. Russia must end the war that it started." He later said: "It seems that Russia is now more inclined to agree to a ceasefire." He added that the pressure on Moscow "is working", without elaborating, and stressed it was important to make sure Russia does not "deceive us or the United States" when it comes to "the details" of a potential agreement. This breaking news story is being updated and more details will be published shortly. Please refresh the page for the fullest version. You can receive breaking news alerts on a smartphone or tablet via the Sky News app. You can also follow us on WhatsApp and subscribe to our YouTube channel to keep up with the latest news.
