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.
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Leaders from across Europe meet in Copenhagen on 2 October for the seventh European Political Community summit, with security and support for Ukraine at the top of the agenda following today’s informal European Council.
The foreign minister of the Turkish Republic of Northern Cyprus (TRNC) Tahsin Ertugruloglu has strongly criticised the UN Security Council, accusing it of depriving the Turkish Cypriot people for six decades through failed negotiations on the Cyprus issue.
Contact has been lost with several vessels in the Global Sumud Flotilla, organisers said on Wednesday evening, as the ships continued their attempt to reach Gaza with humanitarian aid.
Qarabağ claimed their second win in the UEFA Champions League group stage with a 2-0 victory over Copenhagen at the Tofig Bahramov Republican Stadium in Baku on Wednesday.
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.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
U.S. President Donald Trump has signed an executive order pledging U.S. military support to defend Qatar if it comes under attack, following last month’s Israeli airstrikes on Doha that intensified regional tensions.
Qarabağ claimed their second win in the UEFA Champions League group stage with a 2-0 victory over Copenhagen at the Tofig Bahramov Republican Stadium in Baku on Wednesday.
Contact has been lost with several vessels in the Global Sumud Flotilla, organisers said on Wednesday evening, as the ships continued their attempt to reach Gaza with humanitarian aid.
French naval personnel have boarded a Russia-linked oil tanker suspected of being used to launch drone flights that disrupted airports in Denmark last month.
The foreign minister of the Turkish Republic of Northern Cyprus (TRNC) Tahsin Ertugruloglu has strongly criticised the UN Security Council, accusing it of depriving the Turkish Cypriot people for six decades through failed negotiations on the Cyprus issue.
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