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...
President Donald Trump’s postponement of a sweeping tariff deadline to 1 August has renewed hopes for trade deals with key partners, but left smaller exporters and businesses grappling with uncertainty.
Trump’s extension, described as a “final warning” to 14 countries facing tariffs of up to 40%, reflects his frustration with slow-moving negotiations. “No extensions will be granted,” he said on Tuesday, after previously signalling the original deadline of 9 July.
The move offers a temporary reprieve to countries such as Japan and South Korea, which are actively negotiating exemptions. Japanese Prime Minister Shigeru Ishiba said his government would seek a deal that protects national interests, particularly for the automotive sector. South Korean President Lee Jae Myung also pledged to intensify talks, though analysts noted he would avoid major concessions.
Former U.S. trade officials said Trump, who also unveiled a 50% tariff on copper and warned of impending levies on pharmaceuticals and semiconductors, prefers direct tariffs to prolonged trade talks.
“This is an added threat—he’s put a new number to it and extended the deadline,” said William Reinsch, a senior trade adviser at the Center for Strategic and International Studies.
Smaller countries such as South Africa, Thailand and Malaysia face higher rates—30%, 36% and 25% respectively— without clear prospects for relief. South Africa has challenged the justification, noting its average tariff is just 7.6%, but said it would resume urgent talks with U.S. officials.
The European Union, which did not receive a new letter or change to its 20% rate, may be pursuing a carve-out deal similar to that agreed with the UK, including exemptions for aircraft, auto parts and medical equipment.
Stephen Miran, chair of The White House Council of Economic Advisers, told Fox News more deals could be finalised before the end of the week if sufficient concessions are made.
But the evolving policy has left businesses in limbo. German firm Lapp Holdings said shifting tariffs had paralysed supply chain decisions.
“We are already incurring losses simply because of the uncertainty,” said CTO Hubertus Breier.
California furniture maker DeMejico is also under strain from steel tariffs. President Robert Luna said the firm was importing components separately to manage rising costs and warned further duties on Mexico could threaten its future.
“My biggest worry is just keeping the company alive,” he said.
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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