Ousted French Prime Minister François Bayrou has officially resigns
François Bayrou formally submitted his resignation as France’s prime minister to President Emmanuel Macron on Tuesday, a day after losing a confide...
US President Donald Trump has declared a 25% tariff on imports from Japan and South Korea starting August 1, urging both nations to shift production to the US and warning of further tariff hikes if retaliatory measures are taken.
US President Donald Trump on Monday announced that the United States will impose a 25% tariff on goods imported from Japan and South Korea, effective August 1. The decision was made public through official letters posted on social media, addressed to Japanese Prime Minister Ishiba Shigeru and South Korean President Lee Jae-myung.
Trump cited long-standing imbalances in trade relations, stating, “Our relationship has been, unfortunately, far from Reciprocal,” indicating dissatisfaction with current tariff structures. He urged both countries to consider relocating production facilities to the US to avoid the new import duties.
The president said the 25% tariff is already lower than what he deems necessary to fully offset the US trade deficit with Japan and South Korea. Additionally, he issued a warning that should either country respond with retaliatory tariffs, the US would increase its rate accordingly: “If for any reason you decide to raise your Tariffs, then, whatever the number you choose to raise them by, will be added onto the 25% that we charge.”
Trump had earlier indicated that he would begin notifying countries of specific tariff rates this week, ahead of a self-imposed Wednesday deadline to finalise new trade deals or face broader duties.
US Treasury Secretary Scott Bessent told CNBC that Washington is preparing several trade announcements within the next two days, as other nations rush to negotiate ahead of the expected reintroduction of tariffs on July 9. “We’ve had a lot of people change their tune in terms of negotiations,” Bessent remarked, adding that the coming days would be “busy.”
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
The U.S. will lower tariffs on Japanese cars and auto parts by 16 September under a trade deal formalised by President Donald Trump, Japan’s chief negotiator said Tuesday.
U.S.-based satellite communications provider EchoStar has agreed to sell spectrum licences worth approximately $17 billion to SpaceX.
Chinese President Xi Jinping has described economic globalisation as an “irresistible trend of history,” emphasising the importance of multilateralism amid tariffs imposed by U.S. President Donald Trump.
European stock markets closed Monday with gains as investors focused on a confidence vote in the French parliament.
Russian energy giant Gazprom has signed agreements with Kazakhstan and Mongolia to boost gas cooperation, including increased deliveries to Kazakhstan in 2025–2026 and a study on gasification in Mongolia’s capital, Ulaanbaatar.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment