Presidents Ilham Aliyev and Recep Tayyip Erdogan to inaugurate 'Azerbaijan neighborhood'
President Ilham Aliyev to Pay Official Visit to Türkiye
U.S. President Donald Trump is warning that the 25% tariffs on British steel imports may remain unless the UK provides specific assurances about the Indian-owned Tata Steel plant at Port Talbot, amid ongoing trade negotiations following a partial G7 agreement.
Despite a recent trade deal between the U.S. and UK that reduces tariffs on British car exports and aerospace products, steel tariffs remain a contentious issue. Trump has made clear that he may maintain a 25% tariff on UK steel unless the UK government offers guarantees concerning the Port Talbot steelworks in south Wales.
The trade agreement, agreed between Trump and UK Prime Minister Keir Starmer during the G7 summit, cuts tariffs on up to 100,000 British cars from 27.5% to 10% and eliminates tariffs on aerospace goods. However, it did not include the removal of steel tariffs.
UK officials continue negotiations on steel and aluminium tariffs, with concerns in Washington about Tata Steel’s import of raw materials, following the closure of blast furnaces at Port Talbot last year. Tata now imports materials mainly from its other sites in the Netherlands and India until it opens a new electric arc furnace in 2027.
U.S. trade rules require steel to be “melted and poured” in the exporting country to qualify for tariff exemptions. While the U.S. is considering granting an exemption for Tata, it is seeking detailed guarantees about the timeline for switching to the new furnace and transparency on the supply chain’s origin and tracking.
Starmer acknowledged ongoing work on steel tariffs but remains optimistic about progress. The UK government is hopeful that Tata’s lack of raw steel imports from China will aid in persuading the US to include all British steel exports in the deal.
Peace is no longer a dream. It is a discussion. On the streets of Baku and Yerevan, it is also a question, of trust, of foreign interests, and of who truly wants it.
Israeli strikes have reportedly targeted areas near the residences of Iran’s Supreme Leader Ayatollah Ali Khamenei and President Masoud Pezeshkian, according to the New York Times, citing local witnesses.
Azerbaijan Airlines (AZAL) has cancelled certain flights scheduled for 13th and 14th June amid recent escalation of situation in the Middle East and the closure of airspace in several countries for security reasons.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 17th, covering the latest developments you need to know.
The 2025 G7 Leaders’ Summit was held June 15–17 in Kananaskis, Alberta, under Canada’s presidency. Prime Minister Mark Carney framed the meeting around priorities of protecting communities, energy and climate security, the digital transition, and future partnerships.
Nippon Steel closed its $14.9 billion acquisition of U.S. Steel on Wednesday after securing approval from the Trump administration, which obtained a rare “golden share” giving the U.S. government veto power over key corporate decisions.
Sweden’s central bank lowered its key interest rate to 2.00% on Wednesday, citing mild inflation and weaker-than-expected economic growth.
The United Nations Conference on Trade and Development agency (UNCTAD) faces deep staffing cuts amid a global funding crisis, raising concerns about its ability to support developing nations navigating economic shocks like U.S. tariffs.
Wealth surged in the United States last year with more than 379,000 people becoming new dollar millionaires, that's more than a 1,000 people a day, according to the latest report from UBS Wealth Management.
The UK has intensified economic pressure on Russia by announcing a new wave of sanctions. Prime Minister Keir Starmer announced 30 new measures which target key areas of Russia’s financial, military, and energy sectors, in response to President Volodymyr Putin’s ongoing war in Ukraine.
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