India and China agree to resume flights and trade
India and China on Tuesday announced plans to resume direct flights and enhance trade and investment as they cautiously rebuild ties following their 2...
From launching 25% duties on Mexican goods in February to unveiling a 50% levy on imported copper on Monday, U.S. President Donald Trump has fired off a rapid-fire series of tariff moves that has jolted financial markets and unsettled global supply chains.
The latest step — a promise on Monday to slap 50% tariffs on copper and soon tax semiconductors and medicines — crowns nearly 30 separate tariff actions since Mr Trump was sworn in on 20 January. The flurry has widened to cover allies and rivals alike, prompting court challenges, hurried exemptions and emergency trade talks.
Economists at the Peterson Institute for International Economics say the measures now touch more than 70% of U.S. merchandise imports, a reach unmatched since the 1930 Smoot-Hawley Act. Wall Street has swung sharply in response, with about $3 trillion wiped from global share values on 9 April after a surprise blanket 10% duty on almost all imports.
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Washington has meanwhile struck a limited accord with Britain and a 90-day tariff truce with China, yet threats of 25–40% duties loom against 14 other nations from Japan to Serbia after 1 August.
Foreign governments have warned the campaign risks fragmenting global commerce. The European Commission says a straight 50% U.S. tariff on EU goods would imperil trade flows worth more than $850 billion a year. Beijing has accused Washington of “weaponising” tariffs, while Mexico and Canada argue the measures breach the revised North American trade pact.
Analysts expect fresh legal battles and retaliatory steps. “The scale and speed are unprecedented in modern U.S. history,” said Chad Bown of the Peterson Institute. “Even short pauses in implementation barely dent the uncertainty for companies planning cross-border investment.”
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
Honduras has brought back mask mandates as COVID-19 cases and a new variant surge nationwide.
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.
India and China on Tuesday announced plans to resume direct flights and enhance trade and investment as they cautiously rebuild ties following their 2020 border clash, though key border issues remain unresolved.
On Tuesday, U.S. President Donald Trump indicated he plans to pressure the Smithsonian Institution, a leading museum and research complex on American history and culture, to comply with his demands, similar to his approach with colleges and universities by threatening to withhold federal funding.
Armed bandits stormed a mosque in northern Nigeria’s Katsina state during morning prayers, leaving dozens dead and many injured.
Flash floods and cloudbursts in Northwest Pakistan have killed at least 365 people over five days, displacing thousands as authorities warn of more storms as monsoon rains continue.
EU foreign policy chief Kaja Kallas confirmed that the bloc will continue targeting Russia’s war economy, with a new sanctions package expected by next month, while emphasizing the need for strong security guarantees for Ukraine.
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