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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Japan's Prime Minister Sanae Takaichi and President Donald Trump discussed China relations in a phone call on Tuesday, their first conversation since her comments triggered a diplomatic clash with Beijing.
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Belgium is experiencing an increase in avian influenza cases, with the H5 strain recently detected in the provinces of Limburg and Namur, the Belgian Federal Agency for the Safety of the Food Chain (FASFC) said on Monday.
The Hayli Gubbi volcano in north-eastern Ethiopia erupted on Sunday for the first time in over 12,000 years, before halting on Monday, according to the Toulouse Volcanic Ash Advisory Center.
Cameras from the United States Geological Survey (USGS) on Saturday (22 November) captured Hawaii's Kilauea volcano spewing flowing lava from its crater in its latest eruption.
Italy captured a remarkable third consecutive Davis Cup title on Sunday, with Matteo Berrettini and Flavio Cobolli securing singles victories in a 2-0 triumph over Spain in Bologna.
U.S. President Donald Trump has told his advisers that he plans to speak directly with Venezuelan President Nicolas Maduro, even as Washington designated him as the head of a terrorist organisation on Monday, Axios reported.
Global media outlets have extensively covered the C5+1 Summit held in Washington, highlighting its significant outcomes for both the United States and Central Asian countries.
Former President Jair Bolsonaro was ordered to remain in police custody after Brazil’s Supreme Court on Monday unanimously upheld a detention ruling citing him as a flight risk.
Russian drones swarmed the Ukrainian capital Kyiv early on Tuesday, striking and triggering fires in at least two residential buildings, officials said.
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Japan's Prime Minister Sanae Takaichi and President Donald Trump discussed China relations in a phone call on Tuesday, their first conversation since her comments triggered a diplomatic clash with Beijing.
President Donald Trump signed an executive order establishing a new federal programme to accelerate American artificial intelligence research and applications.
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