Hamas pressured from all sides as it weighs Trump's Gaza plan
A U.S.-sponsored ceasefire proposal for Gaza on Tuesday was hinging on Hamas's response to the 20-point plan which U.S. President Donald Trump has sai...
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.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Chinese electric vehicle manufacturer BYD Co expects exports to account for around 20% of its global sales this year, supported by the launch of new models, the South China Morning Post reported on Monday.
Italy’s ruling League party has said domestic banks should contribute around €5 billion ($5.85 billion) towards the 2026 budget.
U.S. stock markets ended higher on Friday, following largely in-line inflation figures, although indices recorded losses over the week.
Inflation expectations for the next 12 months in the eurozone rose to 2.8% in August, up from 2.6% in July, according to the results of a consumer survey published by the European Central Bank (ECB) on Friday.
Miniso announced on Friday that it will spin off its brand Top Toy and list it in Hong Kong, capitalising on the growing investor interest in Chinese toymakers and highlighting the city’s renewed position as a global fundraising hub.
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