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.
U.S. President Donald Trump on Thursday signed an executive order declaring a national emergency and establishing a process to impose tariffs on goods...
Burkina Faso’s military-led government has dissolved all political parties and ordered their assets transferred to the state under a decree adopted ...
Bangladesh and Pakistan resumed direct flights on Thursday for the first time since 2012, when the Sheikh Hasina administration suspended the Dhaka-Ka...
Bangladesh and Pakistan on Thursday resumed direct flight services after 14 years, marking a milestone in the revival of relations between the two Mus...
Truck drivers in two of the four Balkan states protesting against the EU’s tightened entry-exit rules stepped back on Thursday, easing some pressure...
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 S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Liverpool confirmed direct qualification to the UEFA Champions League round of 16 with a 6-0 win over Qarabağ at Anfield in their final league-phase match. Despite the setback, Qarabağ secured a play-off spot, with results elsewhere going in the Azerbaijani champions’ favour on the final matchday.
China is supplying key industrial equipment that has enabled Russia to speed up production of its newest nuclear-capable hypersonic missile, an investigation by The Telegraph has found, heightening concerns in Europe over Moscow’s ability to threaten the West despite international sanctions.
Storm Kristin has killed at least five people and left more than 850,000 residents of central and northern Portugal without electricity on Wednesday (28 January), as it toppled trees, damaged homes, and disrupted road and rail traffic before moving inland to Spain.
Russian President Vladimir Putin said he was ready to assist in rebuilding Syria’s war-damaged economy as the country's interim President Ahmad al-Sharaa made his second visit to Moscow in less than four months on Wednesday (28 January).
The European Commission has announced €153 million ($183 million) in emergency aid for Ukraine, alongside €8 million ($9.5 million) to support Moldova, which hosts large numbers of Ukrainian refugees.
U.S. President Donald Trump on Thursday signed an executive order declaring a national emergency and establishing a process to impose tariffs on goods from countries that sell or otherwise provide oil to Cuba, the White House said.
Burkina Faso’s military-led government has dissolved all political parties and ordered their assets transferred to the state under a decree adopted by the authorities.
Bangladesh and Pakistan resumed direct flights on Thursday for the first time since 2012, when the Sheikh Hasina administration suspended the Dhaka-Karachi route on what it described as security grounds.
Bangladesh and Pakistan on Thursday resumed direct flight services after 14 years, marking a milestone in the revival of relations between the two Muslim-majority nations.
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