Coalition of the willing: Who they are, their role in the Ukraine war
British Prime Minister Keir Starmer led a virtual meeting which included over 30 international leaders on Tuesday morning of what is known as ‘coali...
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.”
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
Honduras has brought back mask mandates as COVID-19 cases and a new variant surge nationwide.
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.
The Trump administration is expected to shed roughly 300,000 federal workers in 2025, Office of Personnel Management (OPM) Director Scott Kupor said Thursday.
The European Bank for Reconstruction and Development (EBRD) has provided a €500 million loan (almost $590 million) to the national gas company Naftogaz (NAK) for emergency gas purchases for Ukraine.
Bitcoin surged to a new all-time high as expectations grow for U.S. interest rate cuts and regulatory moves favouring crypto investment, boosting investor confidence in the sector.
The U.S. budget deficit surged nearly 20% in July to $291 billion despite a significant increase in customs duty collections from President Donald Trump’s tariffs, as government spending outpaced revenue growth.
The National Carrier of Türkiye, Turkish Airlines has announced an increase in the number of its weekly flights to China.
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