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.
U.S. and Iranian officials said they had agreed on a framework to end their war, halt the U.S. blockade of Iran and reopen the Strait of Hormuz, a pre...
Monday 15th June, marks the fifth anniversary of the signing of the Shusha Declaration, a landmark agreement that formally elevated relations between ...
The stepson of Norway's Crown Prince Haakon has been found guilty of two counts of rape as well as domestic violence and other crimes and is sentenced...
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 15 June, covering the latest developments you need to know....
Leaders of the Group of Seven wealthy nations will meet at a French lakeside resort on Monday against a backdrop of preliminary deal to end U.S. and I...
Monday 15th June, marks the fifth anniversary of the signing of the Shusha Declaration, a landmark agreement that formally elevated relations between Azerbaijan and Türkiye to the level of an alliance and further strengthened the long-standing ties between the two nations.
Türkiye and Saudi Arabia are aiming to establish a railway connection linking the two countries through Syria and Jordan within the next three to four years, according to Turkish Transport Minister Abdulkadir Uraloğlu.
As football supporters around the world follow the 2026 FIFA World Cup, a group of young women in Gaza are fighting a very different battle - rebuilding their lives through the sport they love after losing limbs during the war.
Ukrainian President Volodymyr Zelenskyy said he spoke with U.S. President Donald Trump on Sunday, 14 June about efforts to end Russia's war in Ukraine, as world leaders prepare to gather for the G7 summit in France.
Details of a reported draft memorandum of understanding between the United States and Iran offer the clearest picture yet of how both sides plan to end months of conflict and move towards a longer-term settlement.
Pakistan has warned that any attempt by India to block or significantly reduce river flows under the Indus Waters Treaty could have “far-reaching consequences”, after India's water minister said New Delhi was working to ensure that “not a single drop” of water reaches Pakistan in the coming years.
Armenia has every right to choose Europe. But Europe’s support for Armenia’s direction should not become automatic approval of its political process.
The U.S. and Iran say they have reached a deal to end their conflict, with an immediate ceasefire and reopening of the Strait of Hormuz after the lifting of the U.S. naval blockade. Talks will continue over the next 60 days to finalise the agreement
U.S. President Donald Trump has said a peace agreement with Iran is scheduled to be signed on Sunday in a post on social media, despite Tehran's Foreign Ministry spokesperson Esmaeil Baghaei saying no deal would be approved this weekend.
The stepson of Norway's Crown Prince Haakon has been found guilty of two counts of rape as well as domestic violence and other crimes and is sentenced to four years in prison, an Oslo court ruled on Monday.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 15 June, covering the latest developments you need to know.
Leaders of the Group of Seven wealthy nations will meet at a French lakeside resort on Monday against a backdrop of preliminary deal to end U.S. and Iran war reached by both sides.
Four people were killed while the Kyiv Pechersk Lavra monastery, a symbol of Ukrainian spiritual and cultural history, caught fire, in the heaviest Russian air attack on the Ukrainian capital in two weeks, authorities said on Monday.
Ukrainian President Volodymyr Zelenskyy said he spoke with U.S. President Donald Trump on Sunday, 14 June about efforts to end Russia's war in Ukraine, as world leaders prepare to gather for the G7 summit in France.
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