President Ilham Aliyev meets Goldman Sachs global affairs President Jared Cohen in Munich
President Ilham Aliyev met with Jared Cohen, President of Global Affairs at The Goldman Sachs Group, Inc., in Munich on 14 February to discuss ongoing...
The White House has affirmed that U.S. President Donald Trump still intends to implement new reciprocal tariff rates on April 2, despite earlier remarks from Treasury Secretary Scott Bessent hinting at a possible delay.
A White House official stated, "The intent is to enact tariffs on April 2," emphasizing that unless trading partners equalize their tariff and non-tariff barriers—or unless the U.S. maintains higher tariffs—the new measures will go into effect as planned.
Treasury Secretary Bessent had explained on Fox Business Network's "Mornings with Maria" that on April 2, each country would receive a reciprocal tariff number reflecting its own tariff rates, non-tariff barriers, currency practices, and other factors. "For some countries, it could be quite low, for some countries, it could be quite high," he said, adding that negotiations might help avert a "tariff wall" if countries adjust their trade barriers accordingly.
The administration expects that the tariff announcements will prompt affected nations to either negotiate in advance or voluntarily reduce their trade barriers, thereby avoiding the harsher tariffs designed to protect the U.S. economy, workers, and industries. In a bid to mitigate the economic impact, Bessent suggested that if trading partners come forward with proposals to lower their tariffs, some of the new duties might be negotiated down.
Details of the reciprocal tariff plan are still being finalized, with much of the technical work being handled by the U.S. Trade Representative’s office, led by Jamieson Greer, and a team of about 200 staffers. Vice President JD Vance has also played an increasingly active role in these discussions.
The complexity of the new tariff structure is compounded by the need to factor in the different duty rates and non-tariff measures of the 186 members of the World Customs Organization. Additional challenges include accounting for regulations such as domestic content requirements and food safety standards that can disadvantage U.S. firms.
Market observers note that the administration's tariff strategy is aimed particularly at the roughly 15% of countries with the highest tariffs and substantial trade volumes with the U.S.—often dubbed the "Dirty 15." These measures come amid ongoing efforts to address what the White House sees as unfair trade practices, including currency manipulation, labor suppression, and other non-tariff barriers.
A spokesperson for the U.S. Trade Representative’s office did not immediately comment on the reciprocal tariff plan, while industry analysts remain cautious about the potential economic fallout. With the new tariffs set to trigger negotiations and possibly retaliatory measures from key trading partners, the coming days will be critical in shaping the next phase of U.S. trade policy.
Europe heads into the Munich Security Conference, on Friday (13 February), amid deepening unease over U.S. policy, as President Donald Trump’s hard-line stance on defence, trade and territory fuels doubts about Washington’s long-term commitment to transatlantic security.
American figure skating star Ilia Malinin endured a dramatic collapse in the men’s free skate on Friday night, falling twice and tumbling out of medal contention at the Milan Cortina Winter Olympics as Kazakhstan’s Mikhail Shaidorov surged to a surprise gold medal.
“Respected and feared globally,” U.S. President Donald Trump told troops at Fort Bragg on Friday (13 February), framing America’s renewed strength against to mounting pressure on Iran amid stalled nuclear talks.
Dubai-based global ports operator DP World said on Friday that its long-serving chairman and chief executive, Sultan Ahmed Bin Sulayem, has stepped down following mounting pressure linked to alleged ties to disgraced financier Jeffrey Epstein.
Speaking at Munich Security Conference, Ukrainian foreign minister Andrii Sybiha calls for decisive steps ahead of expected Geneva talks
Ukrainian President Volodymyr Zelenskyy said on Saturday that Russia’s decision to change the leadership of its delegation for upcoming peace talks in Geneva appeared to be an attempt to delay progress.
U.S. Ambassador to NATO Matthew Whitaker said China has the power to bring an end to Russia’s war in Ukraine, arguing that Beijing is enabling Moscow’s military campaign.
Austria’s Janine Flock won the gold medal in the women’s skeleton event at the Milano-Cortina 2026 Winter Olympics on Saturday.
Former U.S. President Barack Obama has spoken out after a video depicting him and former first lady Michelle Obama as apes was briefly shared on President Donald Trump’s Truth Social account.
Israel’s Foreign Minister Gideon Saar will attend U.S. President Donald Trump’s first Board of Peace meeting of leaders in Washington on 19 February, an Israeli official said on Saturday.
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