On Wednesday, U.S. President Donald Trump announced a 90-day pause in fully implementing his sweeping new tariffs, offering a 10% universal rate for many countries while talks continue.
But Mexico and Canada aren’t getting a break. The White House confirmed that U.S. tariffs on imports from its two North American neighbours — outside the USMCA trade pact — will remain in place. A 25% levy still applies to non-USMCA goods, and energy and potash from both countries continue to face a 10% duty.
Trump said the delay was driven by requests from over 75 countries seeking to negotiate. But he also used the moment to sharply escalate duties on China, raising tariffs to 125%, citing Beijing’s “lack of respect for global markets.”
The pause gives breathing room to some allies — but for North America, the pressure remains.
Germany edged out of recession with 0.2 % growth in the first quarter, but the recovery looked shaky as unemployment climbed to its highest level since the pandemic and looming U.S. tariffs threatened to stall momentum.
South Africa’s 2024/25 maize harvest is now forecast at 14.66 million tonnes, up 14 % from last season and slightly above March’s estimate, the Crop Estimates Committee said in its latest outlook.
U.S. Treasury primary dealers want Congress to scrap the federal debt ceiling, warning in new TBAC minutes that the limit lifts borrowing costs, fuels market turmoil and could weaken the dollar’s reserve-currency standing.
Canada’s economy contracted 0.2 % in February, its first monthly decline since November, as slumps in mining, oil and gas extraction, and construction dragged overall output lower, Statistics Canada said.
Romanians vote Sunday in a rerun presidential election with far-right eurosceptic George Simion leading the polls, a potential upset that could unsettle markets and raise alarms in the EU and NATO.
Germany edged out of recession with 0.2 % growth in the first quarter, but the recovery looked shaky as unemployment climbed to its highest level since the pandemic and looming U.S. tariffs threatened to stall momentum.
South Africa’s 2024/25 maize harvest is now forecast at 14.66 million tonnes, up 14 % from last season and slightly above March’s estimate, the Crop Estimates Committee said in its latest outlook.
An explosion rocked a residential area in Taiyuan, Shanxi province, northern China, killing at least one person and injuring 21 others, according to state media.
U.S. Treasury primary dealers want Congress to scrap the federal debt ceiling, warning in new TBAC minutes that the limit lifts borrowing costs, fuels market turmoil and could weaken the dollar’s reserve-currency standing.
Russia and North Korea on Wednesday launched construction of a road bridge between the two countries that will span the Tumen river, marking strategic partnership between the two countries, Russia's prime minister said.
Russia launched a major missile and drone assault on Kyiv overnight on April 24, killing at least twelve people and injuring 90, including children and a pregnant woman, according to Mayor Vitali Klitschko.
In an expansive interview marking his first 100 days back in office, President Donald Trump sketched out an agenda that touches everything from punitive tariffs and China policy to cease-fire hopes in Ukraine and an overhaul of domestic programmes. Below are the highlights.
A deadly explosion at Iran’s Bandar Abbas port has left at least 40 dead, with more than 1,200 people injured, state media reported on Sunday, halting operations at one of the country’s most vital trade hubs.
For three generations, the Liebigs built railcars in Görlitz. Now, the factory that shaped their lives will produce parts for battle tanks.
North Korea has launched a new 5,000-tonne destroyer as part of Kim Jong Un’s plans to expand the country’s naval power far beyond its coastal waters.
Kremlin spokesperson Dmitry Peskov has announced the upcoming release of a documentary film about Russian President Vladimir Putin.
Operation in Iran’s Shahid Rajaei Port in the southern city of Bandar Abbas is back to normal after firefighters put off the deadly fire which broke out on Saturday, customs authorities said.
Georgian President Mikheil Kavelashvili expressed hope that Armenia and Azerbaijan will sign a peace agreement in the near future, contributing to the positive development dynamics of the South Caucasus region.
The Islamic World Educational, Scientific and Cultural Organization (ICESCO) has opened its regional office in Baku, Azerbaijan.
Russian President Vladimir Putin announced Tuesday that Russia and Belarus are planning to establish a joint aviation factory focused on producing drones and other aircraft. The announcement came during a meeting with Belarusian President Alexander Lukashenko in the Russian city of Volgograd.
Germany edged out of recession with 0.2 % growth in the first quarter, but the recovery looked shaky as unemployment climbed to its highest level since the pandemic and looming U.S. tariffs threatened to stall momentum.
South Africa’s 2024/25 maize harvest is now forecast at 14.66 million tonnes, up 14 % from last season and slightly above March’s estimate, the Crop Estimates Committee said in its latest outlook.
An explosion rocked a residential area in Taiyuan, Shanxi province, northern China, killing at least one person and injuring 21 others, according to state media.
U.S. Treasury primary dealers want Congress to scrap the federal debt ceiling, warning in new TBAC minutes that the limit lifts borrowing costs, fuels market turmoil and could weaken the dollar’s reserve-currency standing.
Russia and North Korea on Wednesday launched construction of a road bridge between the two countries that will span the Tumen river, marking strategic partnership between the two countries, Russia's prime minister said.
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