Four more rescued after Houthi attack on Greek ship in Red Sea
Four more survivors from the Greek ship Eternity C were rescued from the Red Sea on Thursday, following a deadly Houthi attack that left ten still mis...
U.S. President Donald Trump has signaled that auto tariffs could take effect on April 2, adding to a series of trade actions since his return to office. The move targets foreign vehicle imports as part of his push to reshape global trade and boost U.S. manufacturing.
Trump on Friday hinted at tariffs on foreign automobiles, saying they would be introduced the day after his cabinet submits trade policy reports. "Maybe around April 2," he told reporters, emphasizing his long-standing criticism of U.S. auto trade imbalances.
Since taking office, Trump has:
🔹 Imposed a 10% tariff on all imports from China
🔹 Delayed for a month a 25% tariff on Mexican and non-energy Canadian imports
🔹 Set March 12 for 25% tariffs on imported steel and aluminum
🔹 Ordered "reciprocal tariffs" on countries taxing U.S. goods
Trump argues these measures will boost U.S. manufacturing and create fairer trade conditions. However, businesses and analysts warn of economic uncertainty, inflation risks, and global trade tensions.
U.S. carmakers have expressed mixed reactions to the proposed auto tariffs. Ford CEO Jim Farley welcomed the review of foreign vehicle imports but admitted tariffs have added "a lot of cost and chaos." The American Automotive Policy Council, representing Ford, GM, and Stellantis, insists that vehicles meeting USMCA trade requirements should not face additional tariffs.
Under the US-Canada-Mexico Agreement (USMCA), vehicles with at least 75% of their parts sourced from North America are exempt from tariffs. However, Trump’s new tariff push could be a strategic move ahead of USMCA’s scheduled review in 2026. Analysts see it as an opening bid for renegotiation, despite Trump previously calling USMCA “the greatest” trade deal ever.
Trump’s latest directive orders economic advisers to draft reciprocal tariffs, due for review by April 1. With trade policies evolving rapidly, businesses and global partners are watching closely for what comes next in Trump's tariff strategy.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Archaeologists have uncovered a 3,500-year-old city in northern Peru that likely served as a key trade hub connecting ancient coastal, Andean, and Amazonian cultures.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
On July 4, Azerbaijani President Ilham Aliyev met with Turkish President Recep Tayyip ErdoÄźan in Khankendi, reaffirming the deep-rooted alliance between the two nations.
Beijing has urged the European Union to tone down its criticism and adopt “less protectionist” policies, after European Commission President Ursula von der Leyen accused China of flooding global markets and enabling Russia’s war economy.
Russian-origin aluminium made up 66 % of available London Metal Exchange inventories in June, down three points from May, while Indian metal climbed to 34 %, the exchange’s latest data show.
Ireland’s Data Protection Commission has launched a fresh investigation into TikTok after the platform revealed that some European users’ data had briefly been stored on Chinese servers, contradicting earlier assurances.
Four more survivors from the Greek ship Eternity C were rescued from the Red Sea on Thursday, following a deadly Houthi attack that left ten still missing.
British Prime Minister Keir Starmer is set to meet U.S. President Donald Trump during the latter’s anticipated trip to Scotland this month, according to a source familiar with the plans.
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