President Donald Trump announced on Monday that countries without separate trade agreements with the United States could soon face tariffs ranging from 15% to 20%, a sharp increase from the general 10% rate imposed in April.
Speaking alongside UK Prime Minister Keir Starmer at his Turnberry golf resort in Scotland, Trump said the U.S. administration would soon notify around 200 countries of the new 'world tariff' rate. “It’ll probably be one of those two numbers,” he told reporters.
The move is part of Trump’s broader push to eliminate U.S. trade deficits by placing tariffs on nearly all trading partners. He has already imposed tariffs as high as 50% on some countries, including Brazil, which will take effect on Friday.
The sweeping tariff threat has triggered urgent negotiations from several nations- including India, Pakistan, Canada, and Thailand- all hoping to secure more favourable terms.
On Sunday, Trump announced a major trade agreement with the European Union featuring a 15% tariff on most EU exports, $600 billion in European investment in the U.S., and $750 billion in energy purchases over the next three years.
This followed a $550-billion deal with Japan and smaller pacts with Britain, Indonesia, and Vietnam. Negotiations continue with other nations, but with the Friday deadline approaching, chances for additional agreements are narrowing.
Trump emphasised his preference for a simplified tariff system over protracted trade talks. “We’re setting a tariff for essentially the rest of the world,” he said. “That’s what they’ll pay if they want access to the U.S. market. We can’t sit down and make 200 separate deals.”
Canadian Prime Minister Mark Carney said on Monday that talks with Washington were in an intense phase, acknowledging that Canada was still aiming to avoid the 35% tariff recently applied to some of its exports. He admitted that Canada which sends 75% of its exports to the U.S. would likely have to accept a certain level of tariffs.
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At least 164 people have been killed and 971 injured after powerful earthquakes struck Venezuela, Acting President Delcy Rodríguez said. The quakes c...
The Kremlin has said it will pursue all available legal avenues if Britain proceeds with plans to sell Russian crude oil seized from a tanker earlier this month.
Brazil and Mexico secured statement wins at the FIFA World Cup 2026 as Vinícius Jr starred in Brazil’s 3-0 victory over Scotland, while Mexico beat Czechia to finish top of Group A. South Africa also made history by reaching the knockouts for the first time.
Tehran has agreed to let the International Atomic Energy Agency (IAEA) recommence inspections of its nuclear programme, U.S. Vice President JD Vance has said. The U.S. and Iran have settled on a 60-day roadmap aimed at reaching a final deal, according to mediators Qatar and Pakistan.
Villagers took part in Dragon Boat Festival celebrations on 24 June in Foshan, Guangdong province, where traditional racing was held on the narrow, winding Diejiao River.
Russia has called for clarification on whether U.S. President Donald Trump has changed his position on the war in Ukraine following remarks made at the recent G7 summit in Evian-les-Bains.
As Western Europe battles a deadly heatwave that has shattered temperature records, disrupted transport and power supplies, and forced the closure of schools and cultural landmarks, attention is turning to whether El Niño is playing a role in the extreme conditions.
Israel's defence minister said on Wednesday Israeli troops will not withdraw from southern Lebanon, highlighting a hurdle to Iran-U.S. peace talks, as the top U.S. diplomat tours the Middle East to win over allies sceptical about a proposed deal.
The U.S. Senate rejected a resolution on Wednesday that would have directed President Donald Trump to remove U.S. forces from hostilities against Iran unless Congress formally authorised military action.
U.S. President Donald Trump said that Iran had agreed to nuclear inspections into "infinity, despite Tehran's denials, and that unfrozen Iranian assets would be used to buy humanitarian supplies from the United States.
The Kremlin has denied a Wall Street Journal report claiming Moscow is pressuring Belarus to support an expanded Russian military campaign in Ukraine.
China's legal profession is undergoing a significant shift as artificial intelligence increasingly takes over the routine work that has traditionally launched the careers of junior lawyers.
The Kremlin has said it will pursue all available legal avenues if Britain proceeds with plans to sell Russian crude oil seized from a tanker earlier this month.
At least 164 people have been killed and 971 injured after powerful earthquakes struck Venezuela, Acting President Delcy Rodríguez said. The quakes caused widespread destruction around Caracas, collapsing buildings and trapping residents, with fears the toll could rise significantly.
A worsening cholera outbreak and escalating violence are deepening Sudan's humanitarian crisis, with more than 700 suspected cholera cases and 105 deaths reported in West Kordofan since mid-May, according to health authorities.
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