U.S. Treasury to broaden scope of secondary sanctions on Iran
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffi...
A planned 10% U.S. tariff targeting BRICS nations will be triggered only if they adopt policies deemed "anti-American", a source close to the Trump administration said, amid trade talks and denials from bloc members.
The move, announced by President Donald Trump on Sunday via his Truth Social platform, marked a shift from the blanket tariff hike previously planned for 9 July. The date the tariffs will be effective has now been postponed to 1 August.
"A line is being drawn. If policy decisions are made that are anti-American, then the tariff will be charged," said a source familiar with the matter, who spoke on condition of anonymity.
No formal executive order has yet been issued by The White House.
The BRICS group—comprising Brazil, Russia, India, China and South Africa—has expanded in recent years to include countries such as Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates. Saudi Arabia, though accepted as a member, currently participates as a partner.
In a 31-page communique released hours before Trump’s post, BRICS leaders condemned attacks by Israel on Gaza and Iran, advocated reforms to global institutions, and criticised unilateral tariff measures.
South Africa said its policy stance was not “anti-American” and confirmed that dialogue with U.S. officials remained constructive.
Indonesia, seeking to avert a separate 32% tariff, is expected to sign a $34 billion deal this week and has offered to cut duties on U.S. imports and purchase $500 million worth of American wheat.
Trump’s administration concluded a framework trade deal with Vietnam last week and is pursuing similar agreements with India and Thailand.
Trade experts said the tariff threat appeared intended to strengthen the U.S. negotiating position. Many BRICS and partner countries remain heavily reliant on access to the American market.
Iran on Saturday denounced U.S. plans to announce new sanctions that could put further strain on the Islamic Republic's economy and have an impact on its most important trading partners including China.
Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
A newly created pro-government political party has secured a commanding victory in Kazakhstan's snap parliamentary election, according to exit polls, strengthening President Kassym-Jomart Tokayev's influence at a pivotal moment in the country's political transition.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
Ukrainian President Volodymyr Zelenskyy has rejected calls for a wartime election, arguing that holding a vote while Russia's full-scale invasion continues would divide the country and undermine national unity.
Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
Online fast-fashion retailer Shein is seeking to raise up to $1.77 billion in a Hong Kong IPO after its valuation fell around 70 per cent from its private-market peak four years ago.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 24th of August, covering the latest developments.
New Zealand Prime Minister Christopher Luxon said on Monday that his party will introduce a bill to ban children under 16 from using social media. The proposal would allow fines of up to 10 per cent of a platform’s global revenue for non-compliance.
Icelanders will vote on Saturday, 29 August, on whether to resume negotiations with the European Union, in a referendum that could reopen the country’s long-debated membership question.
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