U.S. President Donald Trump announced plans for new tariffs on steel and semiconductor imports, aiming to boost domestic manufacturing while offering initial exemptions for companies investing in the U.S.
"I'll be setting tariffs next week and the week after on steel and on, I would say, chips," Trump told reporters aboard Air Force One as he headed to a meeting with Russian President Vladimir Putin in Alaska.
Trump explained that the new tariffs would start at a lower rate to give companies time to expand U.S. manufacturing, before increasing sharply later, following a similar approach he has used for pharmaceutical tariffs.
Trump’s trade policies have already disrupted global commerce, with steep tariffs on many countries’ exports and specific sectors like automotive.
Earlier this year, he raised steel and aluminum tariffs to 25% in February, then signaled a possible rise to 50% in May to support U.S. manufacturers.
While it’s unclear if further increases on metals are planned, Trump recently announced a 100% tariff on semiconductor imports, with exemptions for companies committing to U.S. production.
His announcement coincided with Apple revealing an additional $100 billion investment in its U.S. operations.
The Trump administration has given immigration officers wider powers to detain legal refugees awaiting green cards, ordering their return to custody f...
Giorgi Bachiashvili, the former head of the Co-Investment Fund founded by former Georgian Prime Minister Bidzina Ivanishvili, has been released from p...
Peruvian lawmakers elected Jose Balcazar as the country's new interim president on Wednesday (18 February) ahead of general elections in April....
The Telegram messaging app has dismissed allegations by the Russian government that its encryption has been breached by foreign intelligence services ...
A South Korean court on Thursday sentenced ex-President Yoon Suk Yeol to life in prison for leading a failed 2024 martial law insurrection, making him...
From McDonald’s and Coca-Cola to Apple and Amazon, some of America’s biggest brands are facing boycott calls in India after Washington imposed steep 50% tariffs on Indian goods.
Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.
India and Russia reaffirmed their strategic partnership just a day after the U.S. imposed steep tariffs on Indian goods over its continued oil trade with Moscow.
More tariffs, more tension — President Donald Trump has triggered a sweeping new round of import duties, hitting 69 countries and pressurising major economies. The move comes as he celebrated his excitement on Truth Social late Wednesday about the billions of dollars expected to flow into the U.S.
The drumbeats have finally faded at the Marquês de Sapucaí, bringing the competitive phase of the Rio Carnival 2026 to a dazzling close. Over two marathon nights of spectacle, the twelve elite schools of the "Special Group" transformed the Sambadrome into a riot of colour.
Peru’s Congress has voted to censure and remove José Enrique Jeri Ore from his posts as President of Congress and acting President of the Republic, just four months into his tenure, citing undisclosed meetings with Chinese businessmen and alleged hiring irregularities.
France celebrated Olympic gold in the men’s biathlon relay in Anterselva on Tuesday (17 February), following a thrilling race marked by an electric atmosphere at the stadium.
Qarabağ FK are facing Newcastle United in the UEFA Champions League play-off round on Wednesday evening in Baku, in what will be the first UEFA competition meeting between the two clubs.
Iranian officials say more than 300 undocumented Afghan migrants have been rescued after being stranded in cold and rain near the border district of Taybad, in the northeastern Razavi Khorasan province.
The Trump administration has given immigration officers wider powers to detain legal refugees awaiting green cards, ordering their return to custody for renewed vetting one year after entering the U.S.
Peruvian lawmakers elected Jose Balcazar as the country's new interim president on Wednesday (18 February) ahead of general elections in April.
The Telegram messaging app has dismissed allegations by the Russian government that its encryption has been breached by foreign intelligence services saying that it's not found any breaches of its encryption.
A South Korean court on Thursday sentenced ex-President Yoon Suk Yeol to life in prison for leading a failed 2024 martial law insurrection, making him the first elected leader in the country’s democratic era to receive the maximum sentence.
Russian President Vladimir Putin met Cuban Foreign Minister Bruno Rodriguez in the Kremlin on Wednesday, telling him that new restrictions imposed on the communist-run island were unacceptable.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment