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.
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most s...
Escalating attacks on Black Sea ports, cargo vessels and export infrastructure have crippled a vital global grain trade route, threatening supplies...
Afghan business representatives are seeking new trade and investment opportunities at Iran’s 26th International Building Industry Exhibition,...
The collective-defence agreement between Türkiye, Saudi Arabia and Pakistan signals that regional powers no longer want to rely solely on external security guarantees. Whether it becomes a stabilising deterrent or another axis of rivalry remains unresolved.
U.S. President Donald Trump says Washington is not seeking an extension of its memorandum of understanding with Iran, claiming the U.S. already controls the Strait of Hormuz through its naval blockade.
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most shipowners away. Six commodity vessels crossed the strait on Tuesday, down from nine the day before and below the 10-day daily average of 11.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
Ukraine has targeted at least 20 Wildberries warehouses across Russia since 18 July, disrupting a major logistics network. Kyiv says the strikes aim to disrupt alleged military-linked supplies, while the attacks have caused billions of dollars in losses and wider economic pressure.
Afghan business representatives are seeking new trade and investment opportunities at Iran’s 26th International Building Industry Exhibition, as they look to expand ties with Iranian and international companies.
Alexey Chadayev has resigned as an advisor to Russia’s transport minister after Azerbaijan placed him and two other Russian citizens on an international wanted list over alleged calls for violence and terrorism, amid a widening diplomatic row between Baku and Moscow.
At least six Palestinians have been killed in an Israeli airstrike in Gaza City, according to Palestinian health officials, as efforts by U.S. President Donald Trump’s administration to advance a plan to end the war remain deadlocked.
Georgia’s newly elected Catholicos-Patriarch Shio III is set to visit Istanbul, with the upcoming trip discussed during a meeting with Metropolitan Emmanuel of Chalcedon, a representative of Ecumenical Patriarch Bartholomew I.
Azerbaijan’s strategic rise is turning it from a transit state into a regional rule-setter, with the Middle Corridor giving Baku growing influence far beyond its size, analyst Ahmad Alili says.
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