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.
Gunmen in Nigeria kidnapped 303 students and teachers at a Catholic school in the northwest on Friday, the Christian Association of Nigeria (CAN) said...
Canadian Prime Minister Mark Carney and French President Emmanuel Macron discussed the war in Ukraine and the situation in Gaza on the sidelines of th...
As host of next year’s COP30 climate summit, Belem is unveiling an ambitious new model for sustainable growth — one that turns the Amazon’s natu...
Leaders of the world’s 20 largest economies convened in South Africa on Saturday for a G20 summit notably boycotted by the United States, as members...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 22nd of November, covering the latest developments you need to...
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 pilot of an Indian fighter jet performing in the Dubai Air Show has died after the aircraft crashed during an aerial display on Friday.
An Indian Tejas fighter jet crashed in a ball of fire during an aerial display at the Dubai Airshow on Friday (November 21), leaving spectators in shock.
Russian President Vladimir Putin visited the command post of the Russian forces “West” grouping on Thursday (20 November), meeting with Chief of Russia’s General Staff Valery Gerasimov and senior military officials, the Kremlin said.
The full 28-point framework outlining a proposed settlement between Ukraine and Russia has been published by Axios, but has yet to be officially published. Drafted by the U.S. administration, it says it's built on security guarantees, territorial provisions and long-term economic arrangements.
Lithuania’s Vilnius airport was temporarily closed on Thursday after smugglers’ balloons appeared on radar, the National Crisis Management Centre said.
Gunmen in Nigeria kidnapped 303 students and teachers at a Catholic school in the northwest on Friday, the Christian Association of Nigeria (CAN) said, the latest in a spate of school attacks this week that has forced the government to shut 47 colleges.
Canadian Prime Minister Mark Carney and French President Emmanuel Macron discussed the war in Ukraine and the situation in Gaza on the sidelines of the G20 summit in South Africa, the Canadian government said on Saturday.
As host of next year’s COP30 climate summit, Belem is unveiling an ambitious new model for sustainable growth — one that turns the Amazon’s natural abundance into livelihoods while keeping its forests standing.
Leaders of the world’s 20 largest economies convened in South Africa on Saturday for a G20 summit notably boycotted by the United States, as members sought to finalise a draft declaration prepared without U.S. involvement — a move a senior White House official condemned as “shameful.”
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 22nd of November, covering the latest developments you need to know.
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