Magnitude 7.4 earthquake strikes near east coast of Russia's Kamchatka region, no tsunami risk
A 7.4-magnitude earthquake struck off the east coast of Russia’s Kamchatka Peninsula on Saturday, but no tsunami alert was issued, according to the ...
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.
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.
India's retail inflation (INCPIY=ECI) rose to 2.07% in August as food prices edged up, although it remained within the central bank's tolerance range for the tenth consecutive month.
Jaguar Land Rover (JLR) said Wednesday that it now believes “some data has been affected” after a cyberattack forced the company to shut down operations last Tuesday. Staff have been instructed to work from home since the incident.
Oracle co-founder Larry Ellison has overtaken Tesla Chief Elon Musk as the world’s richest person after a surge in the company’s stock lifted his net worth to $393 billion, according to the Bloomberg Billionaires Index.
China has launched its first review of its foreign trade law since 2004, signalling a potential shift in how the country manages international commerce amid rising global trade tensions.
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.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment