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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Afghanistan’s Foreign Ministry has expressed regret over the death of a 21-year-old pregnant woman killed by gu...
Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan all reported blackouts on Friday, which Kazakhstan’...
Hundreds of flights have been cancelled or rerouted at Catania Airport over the past week as ash from Mount Etna’s ongoing eruption continues to disrupt air travel in Sicily.
Iran says the Strait of Hormuz remains under its control, rejecting U.S. President Donald Trump’s claim of “total control” over the strategic waterway and insisting it will not reopen until Washington fulfils its commitments under an interim deal.
The U.S. will impose unprecedented measures on Iran in order to economically isolate the country, U.S. Treasury Secretary Scott Bessent has said.
One person has been killed and six others injured after an explosion at a petroleum storage facility at the Port of Rotterdam, prompting an investigation into the cause.
Wildfires across England and Wales have reached their highest level on record, according to the National Fire Chiefs Council, as firefighters struggle to contain outbreaks following a spell of extreme heat.
At least 20 people have been killed after a magnitude 7.7 earthquake struck off eastern Indonesia early on Saturday, triggering small tsunami waves and dozens of aftershocks, officials say.
Jason Arday, the former University of Cambridge professor at the centre of a plagiarism row, has been found dead. He was appointed Cambridge's youngest ever Black professor in 2023, but quit on 5 August, after being accused of lifting passages from his PhD from the work of other academics.
Wildfires across England and Wales have reached their highest level on record, according to the National Fire Chiefs Council, as firefighters struggle to contain outbreaks following a spell of extreme heat.
A federal court has allowed the Trump administration to move forward with ending temporary immigration protections for Somali nationals living in the United States, a decision that could leave more than 1,000 people vulnerable to deportation.
Iran and Afghanistan are seeking closer cooperation in agriculture, livestock and irrigation during a three-day Iranian ministerial visit to Kabul, as both sides look to strengthen trade and rural economies.
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