Latest news with #EDINBURGH
Washington Post
a day ago
- Politics
- Washington Post
Trump says he's shortening the 50-day deadline for Russia to end the war in Ukraine
EDINBURGH, Scotland — U.S. President Donald Trump said Monday he intends to shorten the 50-day deadline he gave Russian President Vladimir Putin to reach a deal that ends the three-year war in Ukraine. His announcement came as Russia fired an overnight barrage at Ukraine of more than 300 drones, four cruise missiles and three ballistic missiles, the Ukrainian air force said.
Malay Mail
a day ago
- Business
- Malay Mail
US to unveil chip import probe findings in two weeks as Trump hints at fresh tariffs
EDINBURGH, July 28 — The Trump administration will announce the results of a national security probe into imports of semiconductors in two weeks, Commerce Secretary Howard Lutnick said on Sunday, as President Donald Trump suggested higher tariffs were on the horizon. Lutnick told reporters after a meeting between Trump and European Commission President Ursula von der Leyen that the investigation was one of the 'key reasons' the European Union sought to negotiate a broader trade agreement that would 'resolve all things at one time.' Trump said many companies would be investing in semiconductor manufacturing in the United States, including some from Taiwan and other places, to avoid getting hit by new tariffs. He said von der Leyen had avoided the pending chips tariffs 'in a much better way.' Trump and von der Leyen announced a new framework trade agreement that includes across-the-board 15 per cent tariffs on EU imports entering the United States. Trump said the agreement included autos, which face a higher 25 per cent tariff under a separate sectoral tariff action. The Trump administration in April said it was investigating whether extensive reliance on foreign imports of pharmaceuticals and semiconductors posed a national security threat. The probe, being conducted under Section 232 of the Trade Expansion Act of 1962, could lay the groundwork for new tariffs on imports in both sectors. The Trump administration has begun separate investigations under the same law into imports of copper and lumber. Earlier probes completed during Trump's first term formed the basis for 25 per cent tariffs rolled out since his return to the White House in January on steel and aluminum and on the auto industry. Trump has upended global trade with a series of aggressive levies against trading partners, including a 10 per cent tariff that took effect in April, with that rate set to increase sharply for most larger trading partners from August 1. The US relies heavily on chips imported from Taiwan, something Democratic former President Joe Biden sought to reverse during his term by granting billions of dollars in Chips Act awards to lure chipmakers to expand production in the United States. — Reuters
Washington Post
2 days ago
- Politics
- Washington Post
Scotland protests Trump – with wit, bite and bagpipes
EDINBURGH, Scotland — With witty placards, blaring bagpipes and terse lines in the sand, Scots are protesting President Donald Trump's visit to their nation this weekend in their own inimitable way. On Sunday, near a statue of William Wallace in central Aberdeen, an activist set up a desk draped with a U.S. flag bearing the word 'sorry' and offered apologies to passersby for America's 'failings.'
Reuters
2 days ago
- Business
- Reuters
US to release result of probe into chip imports in two weeks
TURNBERRY, Scotland/EDINBURGH, July 27 (Reuters) - The Trump administration will announce the results of a national security probe into imports of semiconductors in two weeks, Commerce Secretary Howard Lutnick said on Sunday, as President Donald Trump suggested higher tariffs were on the horizon. Lutnick told reporters after a meeting between Trump and European Commission President Ursula von der Leyen that the investigation was one of the "key reasons" the European Union sought to negotiate a broader trade agreement that would "resolve all things at one time." Trump said many companies would be investing in semiconductor manufacturing in the United States, including some from Taiwan and other places, to avoid getting hit by new tariffs. He said von der Leyen had avoided the pending chips tariffs "in a much better way." Trump and von der Leyen announced a new framework trade agreement that includes across-the-board 15% tariffs on EU imports entering the United States. Trump said the agreement included autos, which face a higher 25% tariff under a separate sectoral tariff action. The Trump administration in April said it was investigating whether extensive reliance on foreign imports of pharmaceuticals and semiconductors posed a national security threat. The probe, being conducted under Section 232 of the Trade Expansion Act of 1962, could lay the groundwork for new tariffs on imports in both sectors. The Trump administration has begun separate investigations under the same law into imports of copper and lumber. Earlier probes completed during Trump's first term formed the basis for 25% tariffs rolled out since his return to the White House in January on steel and aluminum and on the auto industry. Trump has upended global trade with a series of aggressive levies against trading partners, including a 10% tariff that took effect in April, with that rate set to increase sharply for most larger trading partners from August 1. The U.S. relies heavily on chips imported from Taiwan, something Democratic former President Joe Biden sought to reverse during his term by granting billions of dollars in Chips Act awards to lure chipmakers to expand production in the United States.
Washington Post
3 days ago
- Business
- Washington Post
Trump's meeting with a key European official comes as his tariff deadline nears
EDINBURGH, Scotland — Donald Trump is meeting Sunday with European Commission President Ursula von der Leyen , taking a break from golfing in Scotland to discuss trade as both sides seek an agreement on tariff rates now that the White House's deadline to impose stiff tariff rates is looming.
