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.
A Paris court has found former French president Nicolas Sarkozy guilty of criminal conspiracy in a trial in which he was accused of receiving millions...
Italy has sent a second navy ship in support of the international aid flotilla that has come under drone attack while trying to deliver aid to Gaza, D...
A man in his 40s has been arrested in West Sussex in connection with a cyberattack on Collins Aerospace that disrupted check-in systems across multipl...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 25th of August, covering the latest developments you need to k...
Thailand and Cambodia should scale back their military presence along their shared border and work together to de-escalate tensions, Thailand's new fo...
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.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
A Paris court has found former French president Nicolas Sarkozy guilty of criminal conspiracy in a trial in which he was accused of receiving millions of euros in illegal financing from late Libyan dictator Muammar Gaddafi for his successful 2007 presidential bid.
Italy has sent a second navy ship in support of the international aid flotilla that has come under drone attack while trying to deliver aid to Gaza, Defence Minister Guido Crosetto said on Thursday.
A man in his 40s has been arrested in West Sussex in connection with a cyberattack on Collins Aerospace that disrupted check-in systems across multiple European airports, including Brussels, Berlin and Heathrow.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 25th of August, covering the latest developments you need to know.
Thailand and Cambodia should scale back their military presence along their shared border and work together to de-escalate tensions, Thailand's new foreign minister told reporters on Thursday.
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