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.
A preliminary round of Lebanon-Israel talks has concluded in Washington, marking a tentative diplomatic step as regional tensions rise. The develop...
Spain’s plan to grant legal status to hundreds of thousands of undocumented migrants is facing early resistance, with immigration officers wa...
The Trump Route for International Peace and Prosperity (TRIPP) has emerged as a landmark U.S.-backed connectivity project in the South Caucasus, li...
Greenland’s prime minister has appointed his predecessor to oversee foreign affairs, as pressure from Washington intensifies over the Arctic ...
Türkiye’s foreign minister has appealed for restraint and diplomacy as tensions around the Strait of Hormuz unsettle global markets, war...
Spain’s plan to grant legal status to hundreds of thousands of undocumented migrants is facing early resistance, with immigration officers warning they may strike over a lack of preparation and resources.
Greenland’s prime minister has appointed his predecessor to oversee foreign affairs, as pressure from Washington intensifies over the Arctic island’s future.
Türkiye’s foreign minister has appealed for restraint and diplomacy as tensions around the Strait of Hormuz unsettle global markets, warning that any military attempt to resolve the crisis could deepen instability rather than ease it.
The Kremlin has defended sweeping internet restrictions across Russia, saying measures such as blocking messaging platforms and virtual private networks are necessary for national security rather than a return to past controls.
At a time of deepening global polarisation, rising conflict and shrinking space for dialogue, Pakistan is stepping into a historic role. Diplomatic engagements in Islamabad, bringing together regional powers amid the Iran crisis, signal both urgency and opportunity.
U.S. President Donald Trump warned that any Iranian ships approaching ports in the Strait of Hormuz would be "immediately eliminated" on Monday, as the U.S. started its blockade.
A preliminary round of Lebanon-Israel talks has concluded in Washington, marking a tentative diplomatic step as regional tensions rise. The development comes as the United States launches a naval blockade of Iranian ports.
Centre-right Peter Magyar's Tisza Party has won a landslide in Hungary after a night of counting in the Hungarian election. Viktor Orbán has conceded defeat after 16 years in power. "We have done it. Tisza and Hungary have won this election", Magyar said to cheering supporters in Budapest.
Hungary’s election winner Péter Magyar has said he does not support Ukraine’s fast-track entry to the European Union and will uphold an opt-out allowing Hungary to avoid contributing to a €90 billion EU loan for Kyiv.
Spain’s plan to grant legal status to hundreds of thousands of undocumented migrants is facing early resistance, with immigration officers warning they may strike over a lack of preparation and resources.
Greenland’s prime minister has appointed his predecessor to oversee foreign affairs, as pressure from Washington intensifies over the Arctic island’s future.
The Kremlin has defended sweeping internet restrictions across Russia, saying measures such as blocking messaging platforms and virtual private networks are necessary for national security rather than a return to past controls.
Italy has suspended a long-standing defence cooperation agreement with Israel, marking a sharp shift in relations as tensions in the Middle East escalate.
British Prime Minister Keir Starmer is preparing legislation that would allow the UK to adopt new EU laws without full parliamentary votes, aiming to speed alignment with European rules in key areas such as trade, energy and food standards.
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