Bangladesh buys more power from India, lifts fuel oil use as electricity demand rises
Bangladesh is boosting power imports from India and output from fuel oil-fired power plants in a scramble to meet rising electricity demand as it grap...
The White House said the higher tariffs, ranging from 10% to 41%, will take effect in seven days for 69 countries. Mexico received a 90‑day extension after securing a temporary deal to maintain its existing 25% rate.
Canada, Washington’s second‑largest trading partner, saw its tariff rise to 35% from 25% on goods not covered by the U.S.-Mexico-Canada Agreement. Prime Minister Mark Carney said he was “disappointed” by the move but pledged to continue negotiations.
Trump linked the decision partly to Canada’s “continued inaction and retaliation” on fentanyl trafficking. The escalation followed Canada’s announcement of support for Palestinian statehood, which Trump said would make reaching a trade deal “very hard.”
India, the world’s third‑largest oil importer and a key buyer of Russian crude, was assigned a 25% rate. A senior U.S. official cited India’s “closed market” and geopolitical tensions, including its ties to the BRICS bloc.
Taiwan, which has been in talks with Washington since April, received a reduced 20% tariff. President Lai Ching‑te said negotiations were not yet finalised and described the tariff as “temporary.”
Markets across Asia reacted sharply, with South Korea’s KOSPI falling more than 3% and its currency dropping to a two‑month low. Malaysia, Cambodia and Thailand secured 19% rates, which officials described as safeguarding key export sectors.
The tariff package also ends the longstanding “de minimis” exemption for parcels worth less than $800, a move expected to impact online retailers such as Shein and Temu. The exemption will end on 29 August.
Legal challenges are continuing, with U.S. appeals court judges questioning whether the tariffs are justified under emergency powers. Businesses and states opposing the measures argue that Trump has exceeded his authority under the International Emergency Economic Powers Act.
The White House said customs and tariff revenues have already topped $150 billion since Trump took office and would “skyrocket” after the new duties take effect.
Critics, including Senate Majority Leader Chuck Schumer, accused Trump of waging a “trade war on the American people,” warning of rising prices for consumers.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
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.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Bangladesh is boosting power imports from India and output from fuel oil-fired power plants in a scramble to meet rising electricity demand as it grapples with constraints on gas supply and coal plant maintenance, industry officials and analysts say.
The United Nations Security Council will hold an emergency meeting at Poland's request to discuss this week's violation of Polish airspace, the Polish Foreign Ministry said on Thursday.
The Mexican Navy seized 1,600 kilograms of cocaine in a maritime operation off the coast of Guerrero, according to a press release from the Mexican government on Wednesday (September 10).
Poland has introduced restrictions to air traffic along its eastern borders with Belarus and Ukraine, the Armed Forces' Operational Command said on Thursday, amidst increased tensions a day after multiple drone incursions into the NATO member's airspace on Wednesday.
Police and federal agents mounted an intense manhunt on Thursday for the sniper believed to have fired the single gunshot that killed conservative activist Charlie Kirk as he was fielding questions about gun violence during a university appearance.
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