live Key Gulf shipping routes remain stable despite uncertain peace talks
Shipping traffic through the key Gulf waterways of Bab el-Mandeb and the Strait of Hormuz remained largely unchanged at the start of the week, shippin...
U.S. Trade Representative Jamieson Greer has announced the launch of an investigation into Brazil’s trade practices, following President Donald Trump’s warning of a 50% tariff on imports from the country.
The probe will assess whether Brazil’s approach to digital trade, preferential tariffs, and other trade-related policies are discriminatory and harmful to U.S. commerce. Greer said the decision came after extensive consultations and cited harm to American workers, farmers, and tech firms as a result of Brazil’s alleged practices.
"At President Trump’s direction, I am launching a Section 301 investigation into Brazil’s attacks," he added in a statement.
The move is part of President Donald Trump’s wider second-term trade strategy, which imposes tariffs on key partners to realign global trade in favour of the U.S.
Trump's 50% tariff on Brazil, effective from 1 August, is a steep hike from the proposed 10% and tied to calls to stop former President Jair Bolsonaro’s coup-related trial.
Trade experts expressed surprise at the high tariff, especially given that Brazil imports more from the U.S. than it exports.
Meanwhile, Brazil has not responded to the investigation. Vice President Geraldo Alckmin noted that Washington has yet to reply to proposals made in earlier trade talks.
U.S. President Donald Trump says Iran has a "last chance" to sign what he described as "a good document", claiming talks are continuing at Tehran's request with backing from Saudi Arabia, the UAE and Qatar.
U.S. President Donald Trump said late on Saturday he would hold off on a fresh attack on Iran as long as a deal could be reached quickly to halt Iran's nuclear ambitions and reopen the Strait of Hormuz.
Two firefighting helicopters collided while battling a major wildfire in Greece on Sunday, killing two crew members as emergency services continued efforts to contain fires fuelled by extreme heat and dry conditions across Europe.
French Prime Minister Sebastien Lecornu said wildfires that swept across France were now under control. Authorities warned that risks remained as Greece and Spain continued battling active blazes across parts of Europe.
Indonesian rescue teams are searching for 28 people still unaccounted for, three days after a passenger ferry caught fire off the coast of Madura island.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 4th of August, covering the latest developments.
South Korean President Lee Jae Myung urged authorities to increase support for people affected by a record heatwave, as the death toll reached 16.
The United States State Department is planning to close five diplomatic missions overseas in an uncommon reduction of its global diplomatic network, according to people familiar with a notice sent to Congress.
Morocco has blamed a recent Spanish court ruling for last week's mass migrant crossings into the Spanish enclave of Ceuta, arguing that the decision weakened a key deterrent against irregular migration and was quickly exploited by people-smuggling networks.
A coalition of 25 US states has launched a legal challenge against the Trump administration, arguing that its latest attempt to impose sweeping tariffs on imports from around the world exceeds presidential powers and risks pushing up prices for American consumers.
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