The freeze on President Donald Trump’s reciprocal tariffs ended on Friday, triggering new duties that Ford says have already cost it $2 billion and prompting warnings from global manufacturers and U.S. allies.
In a special Newshour segment, AnewZ's Guy Shone said the expiry of the tariff pause marked “the looming spectre of higher tariffs once again.” Correspondent Kate Fischer, reporting from Washington, said Ford’s estimate of a $2 billion hit from duties on steel and aluminium was “a very real price tag on what some are calling an economic gamble with global consequences.”
Ford said it had paid an additional $800 million in tariffs in the three months to June despite producing most of its cars in the United States. General Motors and Volkswagen have reported similar losses of about $1 billion and $1.5 billion, respectively.
At the same time, the White House hailed a new U.S.-EU trade agreement that reduces most European export tariffs to 15 %, down from a threatened 30 %. The deal commits the EU to $750 billion in U.S. energy purchases and $600 billion in investment by 2028. However, a 50 % tariff on imported steel and aluminium remains in place.
French Prime Minister Francois Bayrou called the accord “a dark day for the bloc,” while German Chancellor Friedrich Mertz said it risked “considerable damage” to European exporters.
AnewZ correspondent Oubai Shahbandar said the administration had made clear there would be no further extensions to the suspension. President Trump posted online that tariffs would “make America rich and great again,” despite calls from automakers for more time to adjust.
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 United Nations Security Council will hold an emergency meeting at Poland's request to discuss this week's violation of Polish airspace, the Polish...
Hikmat Hajiyev, Assistant to the President of Azerbaijan, engaged in extensive discussions at the U.S. Congress on strategic partnership, regional iss...
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 go...
Poland has introduced restrictions to air traffic along its eastern borders with Belarus and Ukraine, the Armed Forces' Operational Command said on Th...
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.
Hikmat Hajiyev, Assistant to the President of Azerbaijan, engaged in extensive discussions at the U.S. Congress on strategic partnership, regional issues, and global peace initiatives.
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).
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.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment