Trump announces 20% tariff on Vietnamese exports in scaled-back trade move
U.S. President Donald Trump has announced a reduced 20% tariff on many Vietnamese exports, down from a previously planned 46%, in what he described as...
Iran’s nuclear programme has been set back by one to two years as a result of recent U.S. airstrikes, Pentagon spokesperson Sean Parnell said on Wednesday.
“We’ve degraded their programme by one to two years. Intelligence assessments within the department suggest the timeframe is probably closer to two years,” Parnell told reporters.
The U.S. assessment regarding damage to three key Iranian nuclear facilities — Fordow, Natanz, and Isfahan — remains unchanged. According to Parnell, the sites were “completely obliterated”.
On 22 June, the US dropped six bunker-busting bombs on the Fordow nuclear facility. Simultaneously, dozens of submarine-launched cruise missiles targeted two other nuclear sites in Natanz and Isfahan. The strikes formed part of a broader US military campaign aimed at halting Iran’s nuclear ambitions.
Previously scheduled nuclear talks between Washington and Tehran, set for 15 June, were postponed after Israel launched airstrikes on Iranian military, nuclear, and civilian targets on 13 June.
The twelve-day conflict between Israel and Iran concluded with a U.S.-brokered ceasefire, which came into effect on 24 June.
“We believe Iran’s nuclear capability has been severely degraded — perhaps even their ambition to develop a nuclear bomb has been diminished,” Parnell stated, adding that assessments are still ongoing.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
The World Health Organization has called for a 50% price increase on sugary drinks, alcohol, and tobacco over the next decade, pushing for taxation as a means to reduce chronic diseases and raise funds for health systems.
The European Union has raised Ukraine's electricity export capacity by 38.5%, enabling the country to generate additional revenue to repair energy infrastructure damaged by Russian attacks.
Australia has finalised a AU $2 billion ($1.3 billion) purchase of U.S. made supersonic missiles, reinforcing its commitment to defence investment while stopping short of U.S. calls to adopt a higher military spending target.
U.S. President Donald Trump has announced a reduced 20% tariff on many Vietnamese exports, down from a previously planned 46%, in what he described as a new trade framework with Hanoi.
China’s northern and western provinces are on high alert for flash floods and landslides as intense monsoon rains continue to overwhelm defences, killing at least seven and displacing communities across the country.
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