Georgia's PM Pitches Country as Middle Corridor's Anchor at UN, Calls for Renewed Western Dialogue
Georgian Prime Minister Irakli Kobakhidze used his address to the UN General Assembly's 81st session in New York this week to make a two-part c...
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.
As the Ukraine war is highlighted by some leaders during the United Nations' 81st General Assembly meeting in New York, Russian forces attacked the Ukrainian capital Kyiv early on Thursday with ballistic missiles, killing two people and injuring six, Mayor Vitali Klitschko said.
Shipping traffic through the Strait of Hormuz remained low on Thursday, as Iran reiterated that it will neither enter into new negotiations with the United States nor re-open the Strait as long as its conditions are not met, despite recent indirect talks in New York mediated by Qatar.
U.S. Secretary of State Marco Rubio is set to meet Russian Foreign Minister Sergey Lavrov in New York on Wednesday, as Washington pushes for an end to the war in Ukraine and Kyiv and Moscow continue to strike energy infrastructure.
The 81st UN General Assembly continues in New York on Wednesday, with another day of high-level speeches and diplomatic meetings. The wars in the Middle East and Ukraine, global security and international cooperation remain at the centre of discussions.
The 81st UN General Assembly has wrapped up its third day in New York on Thursday, with world leaders delivering high-level speeches and holding diplomatic meetings.
The U.S. Senate narrowly rejected a resolution on Thursday that would have required President Donald Trump to end the war in Iran or seek congressional authorisation, as Democrats sought to put Republicans on the record over the increasingly unpopular conflict ahead of November's midterm elections.
U.S. President Donald Trump welcomed Chinese President Xi Jinping to the White House on Thursday, 24 September, for talks focused on trade, artificial intelligence, Taiwan and the war with Iran.
Displacement camps and health centres have been attacked during a surge in violence in Yemen between Saudi-backed government forces and Iran-backed Houthis, UN agencies said on Thursday, as the civilian death toll continues to rise.
France will send troops and defence systems to Saudi Arabia to help protect the Red Sea port city of Yanbu, a key site for energy transport, French President Emmanuel Macron said on Thursday.
As the Ukraine war is highlighted by some leaders during the United Nations' 81st General Assembly meeting in New York, Russian forces attacked the Ukrainian capital Kyiv early on Thursday with ballistic missiles, killing two people and injuring six, Mayor Vitali Klitschko said.
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