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.
Tensions are escalating in the Gulf after new attacks linked to maritime security in the Strait of Hormuz. U.S. forces say they struck Iranian fast...
The World Health Organization said it suspects rare human-to-human transmission of hantavirus among close contacts on a cruise ship off Cape Verde,...
A Russian overnight missile and drone attack on Ukraine’s gas production facilities has killed five people, including two rescue workers, Ukr...
European leaders gathered in Yerevan on 4–5 May for the European Political Community (EPC) summit and the first EU–Armenia summit, plac...
The World Food Programme’s Afghanistan country director has said the cost of transporting food aid into the country has tripled, as global sh...
Sudan’s armed forces have accused the United Arab Emirates and Ethiopia of carrying out a drone attack targeting Khartoum airport, as a renewed wave of strikes shattered months of relative calm in the capital nearly three years into the civil war.
Iran’s Foreign Ministry has said it is difficult to assess the U.S. response to its proposal, citing Washington’s history of “excessive and unreasonable” demands.
Türkiye and Armenia have agreed to restore the historic Ani Bridge, in a move described as “symbolic and concrete cooperation” by Turkish Vice President Cevdet Yilmaz.
The International Atomic Energy Agency (IAEA) said on Monday (4 May) that meteorological monitoring equipment at the Zaporizhzhia nuclear power plant in south-eastern Ukraine had been damaged by a drone.
A 77-year-old man and a 63-year-old woman were killed on Monday (4 May), after a man drove a car into a crowd on a pedestrianised street in the the eastern German city of Leipzig, authorities said.
Iran warned Armerican forces on Monday (4 May) not to enter the Strait of Hormuz, after the U.S. said it had launched a mission to try and reopen the sea passage. Meanwhile, Iran's Foreign Minister said there was no military solution to the Middle East conflict.
Tensions are escalating in the Gulf after new attacks linked to maritime security in the Strait of Hormuz. U.S. forces say they struck Iranian fast boats at sea following hostile manoeuvres, after Iran was blamed for an earlier attack on a UAE oil facility.
Medics are working to evacuate two people with symptoms of the deadly respiratory illness, hantavirus, from a luxury cruise ship being held off West Africa, after three people died and several others fell ill, officials have said.
What is hantavirus? Three people have died and three are still ill on a Netherlands-based cruise ship after it was hit by a suspected outbreak of the deadly virus, according to authorities on Sunday.
A Russian overnight missile and drone attack on Ukraine’s gas production facilities has killed five people, including two rescue workers, Ukrainian officials said, as Kyiv and Moscow exchanged competing ceasefire proposals.
Sudan’s armed forces have accused the United Arab Emirates and Ethiopia of carrying out a drone attack targeting Khartoum airport, as a renewed wave of strikes shattered months of relative calm in the capital nearly three years into the civil war.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 5th of May, covering the latest developments you need to know.
The International Atomic Energy Agency (IAEA) said on Monday (4 May) that meteorological monitoring equipment at the Zaporizhzhia nuclear power plant in south-eastern Ukraine had been damaged by a drone.
A blast at a fireworks factory in China's Hunan province has killed 21 people and injured 61, prompting President Xi Jinping to call for a thorough investigation, state media reported on Tuesday.
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