Latest news with #US55
The Advertiser
6 days ago
- Automotive
- The Advertiser
EU may get 15 per cent tariff deal with US: reports
The European Union is heading towards a trade deal with the United States that will result in a broad 15 per cent tariff on EU goods imported into the US, avoiding a harsher 30 per cent levy slated to be implemented from August 1, two EU diplomats say. The rate, which could also extend to cars, would mirror the framework agreement the United States struck with Japan. Officials from the European Commission, which negotiates trade deals on behalf of the 27-member bloc, briefed EU envoys on the state of talks with their US counterparts. US President Donald Trump would ultimately make any final decision on a deal, however. Under the outlines of the potential deal, the 15 per cent rate could apply to sectors including cars and pharmaceuticals and would not be added to long-standing US duties, which average just under five per cent. There could also be concessions for sectors like aircraft, lumber as well as some medicines and agricultural products, which would not face tariffs, the diplomats said. The US administration does not, however, appear willing to lower its current 50 per cent tariff on steel, they said. The Commission said earlier on Wednesday that its primary focus was to achieve a negotiated outcome to avert the threatened 30 per cent tariffs. At the same time it planned to submit counter-tariffs on 93 billion euros ($A166 billion) worth of US goods to EU members for approval. A vote is expected on Thursday although no measures would be imposed until August 7. Germany supported the EU readying countermeasures, a government representative said. If Trump's 30 per cent tariffs are implemented, EU diplomats also said there was broad support among European governments to activate wide-ranging so-called "anti-coercion" measures, which would allow the bloc to target US services and other sectors. The EU appears to be following in the footsteps of Japan, whose agreement with the United States is the most significant Trump has struck since launching his tariff offensive in April. European shares climbed about one per cent, led by car stocks, following the US-Japan announcement. One stand-out feature of that deal was that the same 15 per cent rate applies to cars, compared to the current US tariff of 27.5 per cent, something the EU may want for its own car exports. The US imported vehicles and automotive parts valued at more than $US55 billion ($A84 billion) from Japan last year. EU exports were 47.3 billion euros. Far fewer US cars were sold into the EU or Japanese markets. EU officials say the US has shown little sign of budging on car tariffs but the Japan deal could hint at flexibility. "Whatever the Japanese got will become the minimum for the EU negotiating objectives," said Simon Evenett, professor of geopolitics and strategy at IMD Business School. The European Union is heading towards a trade deal with the United States that will result in a broad 15 per cent tariff on EU goods imported into the US, avoiding a harsher 30 per cent levy slated to be implemented from August 1, two EU diplomats say. The rate, which could also extend to cars, would mirror the framework agreement the United States struck with Japan. Officials from the European Commission, which negotiates trade deals on behalf of the 27-member bloc, briefed EU envoys on the state of talks with their US counterparts. US President Donald Trump would ultimately make any final decision on a deal, however. Under the outlines of the potential deal, the 15 per cent rate could apply to sectors including cars and pharmaceuticals and would not be added to long-standing US duties, which average just under five per cent. There could also be concessions for sectors like aircraft, lumber as well as some medicines and agricultural products, which would not face tariffs, the diplomats said. The US administration does not, however, appear willing to lower its current 50 per cent tariff on steel, they said. The Commission said earlier on Wednesday that its primary focus was to achieve a negotiated outcome to avert the threatened 30 per cent tariffs. At the same time it planned to submit counter-tariffs on 93 billion euros ($A166 billion) worth of US goods to EU members for approval. A vote is expected on Thursday although no measures would be imposed until August 7. Germany supported the EU readying countermeasures, a government representative said. If Trump's 30 per cent tariffs are implemented, EU diplomats also said there was broad support among European governments to activate wide-ranging so-called "anti-coercion" measures, which would allow the bloc to target US services and other sectors. The EU appears to be following in the footsteps of Japan, whose agreement with the United States is the most significant Trump has struck since launching his tariff offensive in April. European shares climbed about one per cent, led by car stocks, following the US-Japan announcement. One stand-out feature of that deal was that the same 15 per cent rate applies to cars, compared to the current US tariff of 27.5 per cent, something the EU may want for its own car exports. The US imported vehicles and automotive parts valued at more than $US55 billion ($A84 billion) from Japan last year. EU exports were 47.3 billion euros. Far fewer US cars were sold into the EU or Japanese markets. EU officials say the US has shown little sign of budging on car tariffs but the Japan deal could hint at flexibility. "Whatever the Japanese got will become the minimum for the EU negotiating objectives," said Simon Evenett, professor of geopolitics and strategy at IMD Business School. The European Union is heading towards a trade deal with the United States that will result in a broad 15 per cent tariff on EU goods imported into the US, avoiding a harsher 30 per cent levy slated to be implemented from August 1, two EU diplomats say. The rate, which could also extend to cars, would mirror the framework agreement the United States struck with Japan. Officials from the European Commission, which negotiates trade deals on behalf of the 27-member bloc, briefed EU envoys on the state of talks with their US counterparts. US President Donald Trump would ultimately make any final decision on a deal, however. Under the outlines of the potential deal, the 15 per cent rate could apply to sectors including cars and pharmaceuticals and would not be added to long-standing US duties, which average just under five per cent. There could also be concessions for sectors like aircraft, lumber as well as some medicines and agricultural products, which would not face tariffs, the diplomats said. The US administration does not, however, appear willing to lower its current 50 per cent tariff on steel, they said. The Commission said earlier on Wednesday that its primary focus was to achieve a negotiated outcome to avert the threatened 30 per cent tariffs. At the same time it planned to submit counter-tariffs on 93 billion euros ($A166 billion) worth of US goods to EU members for approval. A vote is expected on Thursday although no measures would be imposed until August 7. Germany supported the EU readying countermeasures, a government representative said. If Trump's 30 per cent tariffs are implemented, EU diplomats also said there was broad support among European governments to activate wide-ranging so-called "anti-coercion" measures, which would allow the bloc to target US services and other sectors. The EU appears to be following in the footsteps of Japan, whose agreement with the United States is the most significant Trump has struck since launching his tariff offensive in April. European shares climbed about one per cent, led by car stocks, following the US-Japan announcement. One stand-out feature of that deal was that the same 15 per cent rate applies to cars, compared to the current US tariff of 27.5 per cent, something the EU may want for its own car exports. The US imported vehicles and automotive parts valued at more than $US55 billion ($A84 billion) from Japan last year. EU exports were 47.3 billion euros. Far fewer US cars were sold into the EU or Japanese markets. EU officials say the US has shown little sign of budging on car tariffs but the Japan deal could hint at flexibility. "Whatever the Japanese got will become the minimum for the EU negotiating objectives," said Simon Evenett, professor of geopolitics and strategy at IMD Business School. The European Union is heading towards a trade deal with the United States that will result in a broad 15 per cent tariff on EU goods imported into the US, avoiding a harsher 30 per cent levy slated to be implemented from August 1, two EU diplomats say. The rate, which could also extend to cars, would mirror the framework agreement the United States struck with Japan. Officials from the European Commission, which negotiates trade deals on behalf of the 27-member bloc, briefed EU envoys on the state of talks with their US counterparts. US President Donald Trump would ultimately make any final decision on a deal, however. Under the outlines of the potential deal, the 15 per cent rate could apply to sectors including cars and pharmaceuticals and would not be added to long-standing US duties, which average just under five per cent. There could also be concessions for sectors like aircraft, lumber as well as some medicines and agricultural products, which would not face tariffs, the diplomats said. The US administration does not, however, appear willing to lower its current 50 per cent tariff on steel, they said. The Commission said earlier on Wednesday that its primary focus was to achieve a negotiated outcome to avert the threatened 30 per cent tariffs. At the same time it planned to submit counter-tariffs on 93 billion euros ($A166 billion) worth of US goods to EU members for approval. A vote is expected on Thursday although no measures would be imposed until August 7. Germany supported the EU readying countermeasures, a government representative said. If Trump's 30 per cent tariffs are implemented, EU diplomats also said there was broad support among European governments to activate wide-ranging so-called "anti-coercion" measures, which would allow the bloc to target US services and other sectors. The EU appears to be following in the footsteps of Japan, whose agreement with the United States is the most significant Trump has struck since launching his tariff offensive in April. European shares climbed about one per cent, led by car stocks, following the US-Japan announcement. One stand-out feature of that deal was that the same 15 per cent rate applies to cars, compared to the current US tariff of 27.5 per cent, something the EU may want for its own car exports. The US imported vehicles and automotive parts valued at more than $US55 billion ($A84 billion) from Japan last year. EU exports were 47.3 billion euros. Far fewer US cars were sold into the EU or Japanese markets. EU officials say the US has shown little sign of budging on car tariffs but the Japan deal could hint at flexibility. "Whatever the Japanese got will become the minimum for the EU negotiating objectives," said Simon Evenett, professor of geopolitics and strategy at IMD Business School.
West Australian
6 days ago
- Automotive
- West Australian
EU may get 15 per cent tariff deal with US: reports
The European Union is heading towards a trade deal with the United States that will result in a broad 15 per cent tariff on EU goods imported into the US, avoiding a harsher 30 per cent levy slated to be implemented from August 1, two EU diplomats say. The rate, which could also extend to cars, would mirror the framework agreement the United States struck with Japan. Officials from the European Commission, which negotiates trade deals on behalf of the 27-member bloc, briefed EU envoys on the state of talks with their US counterparts. US President Donald Trump would ultimately make any final decision on a deal, however. Under the outlines of the potential deal, the 15 per cent rate could apply to sectors including cars and pharmaceuticals and would not be added to long-standing US duties, which average just under five per cent. There could also be concessions for sectors like aircraft, lumber as well as some medicines and agricultural products, which would not face tariffs, the diplomats said. The US administration does not, however, appear willing to lower its current 50 per cent tariff on steel, they said. The Commission said earlier on Wednesday that its primary focus was to achieve a negotiated outcome to avert the threatened 30 per cent tariffs. At the same time it planned to submit counter-tariffs on 93 billion euros ($A166 billion) worth of US goods to EU members for approval. A vote is expected on Thursday although no measures would be imposed until August 7. Germany supported the EU readying countermeasures, a government representative said. If Trump's 30 per cent tariffs are implemented, EU diplomats also said there was broad support among European governments to activate wide-ranging so-called "anti-coercion" measures, which would allow the bloc to target US services and other sectors. The EU appears to be following in the footsteps of Japan, whose agreement with the United States is the most significant Trump has struck since launching his tariff offensive in April. European shares climbed about one per cent, led by car stocks, following the US-Japan announcement. One stand-out feature of that deal was that the same 15 per cent rate applies to cars, compared to the current US tariff of 27.5 per cent, something the EU may want for its own car exports. The US imported vehicles and automotive parts valued at more than $US55 billion ($A84 billion) from Japan last year. EU exports were 47.3 billion euros. Far fewer US cars were sold into the EU or Japanese markets. EU officials say the US has shown little sign of budging on car tariffs but the Japan deal could hint at flexibility. "Whatever the Japanese got will become the minimum for the EU negotiating objectives," said Simon Evenett, professor of geopolitics and strategy at IMD Business School.
Perth Now
6 days ago
- Automotive
- Perth Now
EU may get 15 per cent tariff deal with US: reports
The European Union is heading towards a trade deal with the United States that will result in a broad 15 per cent tariff on EU goods imported into the US, avoiding a harsher 30 per cent levy slated to be implemented from August 1, two EU diplomats say. The rate, which could also extend to cars, would mirror the framework agreement the United States struck with Japan. Officials from the European Commission, which negotiates trade deals on behalf of the 27-member bloc, briefed EU envoys on the state of talks with their US counterparts. US President Donald Trump would ultimately make any final decision on a deal, however. Under the outlines of the potential deal, the 15 per cent rate could apply to sectors including cars and pharmaceuticals and would not be added to long-standing US duties, which average just under five per cent. There could also be concessions for sectors like aircraft, lumber as well as some medicines and agricultural products, which would not face tariffs, the diplomats said. The US administration does not, however, appear willing to lower its current 50 per cent tariff on steel, they said. The Commission said earlier on Wednesday that its primary focus was to achieve a negotiated outcome to avert the threatened 30 per cent tariffs. At the same time it planned to submit counter-tariffs on 93 billion euros ($A166 billion) worth of US goods to EU members for approval. A vote is expected on Thursday although no measures would be imposed until August 7. Germany supported the EU readying countermeasures, a government representative said. If Trump's 30 per cent tariffs are implemented, EU diplomats also said there was broad support among European governments to activate wide-ranging so-called "anti-coercion" measures, which would allow the bloc to target US services and other sectors. The EU appears to be following in the footsteps of Japan, whose agreement with the United States is the most significant Trump has struck since launching his tariff offensive in April. European shares climbed about one per cent, led by car stocks, following the US-Japan announcement. One stand-out feature of that deal was that the same 15 per cent rate applies to cars, compared to the current US tariff of 27.5 per cent, something the EU may want for its own car exports. The US imported vehicles and automotive parts valued at more than $US55 billion ($A84 billion) from Japan last year. EU exports were 47.3 billion euros. Far fewer US cars were sold into the EU or Japanese markets. EU officials say the US has shown little sign of budging on car tariffs but the Japan deal could hint at flexibility. "Whatever the Japanese got will become the minimum for the EU negotiating objectives," said Simon Evenett, professor of geopolitics and strategy at IMD Business School.
The Advertiser
09-07-2025
- The Advertiser
Tiger King star jailed for animal trafficking
Tiger King star Bhagavan "Doc" Antle is going to prison, but not for as long as prosecutors wanted, after admitting he broke federal law buying endangered animals to keep at his zoo in South Carolina. Antle, 65, was sentenced to one year and one day behind bars and fined $US55,000 ($A85,000) on Tuesday, nearly two years after pleading guilty to trafficking in exotic animals and money laundering. It was likely the end to the legal dramas that surrounded Tiger King, the Netflix true crime documentary that captivated a country shut down by COVID-19. The star, Joe Exotic, is serving a 21-year federal prison sentence for trying to hire two different men to kill the other star, Carole Baskin. Exotic, whose real name is Joseph Maldonado-Passage, was a collector and private zookeeper from Oklahoma, and Baskin runs Big Cat Rescue in Florida. Antle appeared in the first season with Exotic and Baskin and was the star of the show's third season. Prosecutors say Antle bought animals on the black market Antle's crimes were unrelated. He laundered money used in a human smuggling scheme because he needed large amounts of cash quickly to buy animals like chimpanzees, lions, tigers, cheetahs and other creatures, prosecutor Patrick Duggan said. These animals are illegal to sell because they are endangered, and their high prices could encourage poachers to steal them from the wild, Duggan explained. "He was knowingly and illegally trading them as part of a black market that drives another black market of poaching and smuggling," Duggan said in court on Tuesday. Antle's lawyers requested a sentence of just probation or home confinement, saying their client needed to care for the 150 exotic animals that consume 450kg of meat a day at his Myrtle Beach Safari. They said many of the animals only respond to Antle. About 25 friends and family packed a federal courtroom in Charleston. Several told Judge Joseph Dawson III that Antle was generous and caring. They said he raised hundreds of thousands of dollars to fight poaching and preserve wild habitats for tigers, lions and chimpanzees. The judge was swayed. Federal guidelines called for about two years in prison, to which prosecutors agreed. But Dawson said, although Antle broke federal law, all the evidence pointed to him caring for animals. Antle apologised at the end of his sentencing hearing for causing problems for his life's work. "I made a mistake, I did stupid things," Antle said, adding, "I hope I'll be able to pull it back together for everybody." Tiger King star Bhagavan "Doc" Antle is going to prison, but not for as long as prosecutors wanted, after admitting he broke federal law buying endangered animals to keep at his zoo in South Carolina. Antle, 65, was sentenced to one year and one day behind bars and fined $US55,000 ($A85,000) on Tuesday, nearly two years after pleading guilty to trafficking in exotic animals and money laundering. It was likely the end to the legal dramas that surrounded Tiger King, the Netflix true crime documentary that captivated a country shut down by COVID-19. The star, Joe Exotic, is serving a 21-year federal prison sentence for trying to hire two different men to kill the other star, Carole Baskin. Exotic, whose real name is Joseph Maldonado-Passage, was a collector and private zookeeper from Oklahoma, and Baskin runs Big Cat Rescue in Florida. Antle appeared in the first season with Exotic and Baskin and was the star of the show's third season. Prosecutors say Antle bought animals on the black market Antle's crimes were unrelated. He laundered money used in a human smuggling scheme because he needed large amounts of cash quickly to buy animals like chimpanzees, lions, tigers, cheetahs and other creatures, prosecutor Patrick Duggan said. These animals are illegal to sell because they are endangered, and their high prices could encourage poachers to steal them from the wild, Duggan explained. "He was knowingly and illegally trading them as part of a black market that drives another black market of poaching and smuggling," Duggan said in court on Tuesday. Antle's lawyers requested a sentence of just probation or home confinement, saying their client needed to care for the 150 exotic animals that consume 450kg of meat a day at his Myrtle Beach Safari. They said many of the animals only respond to Antle. About 25 friends and family packed a federal courtroom in Charleston. Several told Judge Joseph Dawson III that Antle was generous and caring. They said he raised hundreds of thousands of dollars to fight poaching and preserve wild habitats for tigers, lions and chimpanzees. The judge was swayed. Federal guidelines called for about two years in prison, to which prosecutors agreed. But Dawson said, although Antle broke federal law, all the evidence pointed to him caring for animals. Antle apologised at the end of his sentencing hearing for causing problems for his life's work. "I made a mistake, I did stupid things," Antle said, adding, "I hope I'll be able to pull it back together for everybody." Tiger King star Bhagavan "Doc" Antle is going to prison, but not for as long as prosecutors wanted, after admitting he broke federal law buying endangered animals to keep at his zoo in South Carolina. Antle, 65, was sentenced to one year and one day behind bars and fined $US55,000 ($A85,000) on Tuesday, nearly two years after pleading guilty to trafficking in exotic animals and money laundering. It was likely the end to the legal dramas that surrounded Tiger King, the Netflix true crime documentary that captivated a country shut down by COVID-19. The star, Joe Exotic, is serving a 21-year federal prison sentence for trying to hire two different men to kill the other star, Carole Baskin. Exotic, whose real name is Joseph Maldonado-Passage, was a collector and private zookeeper from Oklahoma, and Baskin runs Big Cat Rescue in Florida. Antle appeared in the first season with Exotic and Baskin and was the star of the show's third season. Prosecutors say Antle bought animals on the black market Antle's crimes were unrelated. He laundered money used in a human smuggling scheme because he needed large amounts of cash quickly to buy animals like chimpanzees, lions, tigers, cheetahs and other creatures, prosecutor Patrick Duggan said. These animals are illegal to sell because they are endangered, and their high prices could encourage poachers to steal them from the wild, Duggan explained. "He was knowingly and illegally trading them as part of a black market that drives another black market of poaching and smuggling," Duggan said in court on Tuesday. Antle's lawyers requested a sentence of just probation or home confinement, saying their client needed to care for the 150 exotic animals that consume 450kg of meat a day at his Myrtle Beach Safari. They said many of the animals only respond to Antle. About 25 friends and family packed a federal courtroom in Charleston. Several told Judge Joseph Dawson III that Antle was generous and caring. They said he raised hundreds of thousands of dollars to fight poaching and preserve wild habitats for tigers, lions and chimpanzees. The judge was swayed. Federal guidelines called for about two years in prison, to which prosecutors agreed. But Dawson said, although Antle broke federal law, all the evidence pointed to him caring for animals. Antle apologised at the end of his sentencing hearing for causing problems for his life's work. "I made a mistake, I did stupid things," Antle said, adding, "I hope I'll be able to pull it back together for everybody." Tiger King star Bhagavan "Doc" Antle is going to prison, but not for as long as prosecutors wanted, after admitting he broke federal law buying endangered animals to keep at his zoo in South Carolina. Antle, 65, was sentenced to one year and one day behind bars and fined $US55,000 ($A85,000) on Tuesday, nearly two years after pleading guilty to trafficking in exotic animals and money laundering. It was likely the end to the legal dramas that surrounded Tiger King, the Netflix true crime documentary that captivated a country shut down by COVID-19. The star, Joe Exotic, is serving a 21-year federal prison sentence for trying to hire two different men to kill the other star, Carole Baskin. Exotic, whose real name is Joseph Maldonado-Passage, was a collector and private zookeeper from Oklahoma, and Baskin runs Big Cat Rescue in Florida. Antle appeared in the first season with Exotic and Baskin and was the star of the show's third season. Prosecutors say Antle bought animals on the black market Antle's crimes were unrelated. He laundered money used in a human smuggling scheme because he needed large amounts of cash quickly to buy animals like chimpanzees, lions, tigers, cheetahs and other creatures, prosecutor Patrick Duggan said. These animals are illegal to sell because they are endangered, and their high prices could encourage poachers to steal them from the wild, Duggan explained. "He was knowingly and illegally trading them as part of a black market that drives another black market of poaching and smuggling," Duggan said in court on Tuesday. Antle's lawyers requested a sentence of just probation or home confinement, saying their client needed to care for the 150 exotic animals that consume 450kg of meat a day at his Myrtle Beach Safari. They said many of the animals only respond to Antle. About 25 friends and family packed a federal courtroom in Charleston. Several told Judge Joseph Dawson III that Antle was generous and caring. They said he raised hundreds of thousands of dollars to fight poaching and preserve wild habitats for tigers, lions and chimpanzees. The judge was swayed. Federal guidelines called for about two years in prison, to which prosecutors agreed. But Dawson said, although Antle broke federal law, all the evidence pointed to him caring for animals. Antle apologised at the end of his sentencing hearing for causing problems for his life's work. "I made a mistake, I did stupid things," Antle said, adding, "I hope I'll be able to pull it back together for everybody."
Perth Now
08-07-2025
- Perth Now
Tiger King star jailed for animal trafficking
Tiger King star Bhagavan "Doc" Antle is going to prison, but not for as long as prosecutors wanted, after admitting he broke federal law buying endangered animals to keep at his zoo in South Carolina. Antle, 65, was sentenced to one year and one day behind bars and fined $US55,000 ($A85,000) on Tuesday, nearly two years after pleading guilty to trafficking in exotic animals and money laundering. It was likely the end to the legal dramas that surrounded Tiger King, the Netflix true crime documentary that captivated a country shut down by COVID-19. The star, Joe Exotic, is serving a 21-year federal prison sentence for trying to hire two different men to kill the other star, Carole Baskin. Exotic, whose real name is Joseph Maldonado-Passage, was a collector and private zookeeper from Oklahoma, and Baskin runs Big Cat Rescue in Florida. Antle appeared in the first season with Exotic and Baskin and was the star of the show's third season. Prosecutors say Antle bought animals on the black market Antle's crimes were unrelated. He laundered money used in a human smuggling scheme because he needed large amounts of cash quickly to buy animals like chimpanzees, lions, tigers, cheetahs and other creatures, prosecutor Patrick Duggan said. These animals are illegal to sell because they are endangered, and their high prices could encourage poachers to steal them from the wild, Duggan explained. "He was knowingly and illegally trading them as part of a black market that drives another black market of poaching and smuggling," Duggan said in court on Tuesday. Antle's lawyers requested a sentence of just probation or home confinement, saying their client needed to care for the 150 exotic animals that consume 450kg of meat a day at his Myrtle Beach Safari. They said many of the animals only respond to Antle. About 25 friends and family packed a federal courtroom in Charleston. Several told Judge Joseph Dawson III that Antle was generous and caring. They said he raised hundreds of thousands of dollars to fight poaching and preserve wild habitats for tigers, lions and chimpanzees. The judge was swayed. Federal guidelines called for about two years in prison, to which prosecutors agreed. But Dawson said, although Antle broke federal law, all the evidence pointed to him caring for animals. Antle apologised at the end of his sentencing hearing for causing problems for his life's work. "I made a mistake, I did stupid things," Antle said, adding, "I hope I'll be able to pull it back together for everybody."
