live U.S. aircraft damaged in Jordan air base strikes as explosions hit southern Iran
Overnight Iranian strikes on an air base in Jordan damaged multiple U.S. aircraft and left one without a wing, American media reported. Meanwhile, ...
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.
Four people were killed, including a child, in Ukrainian strikes on the Russian port city of Novorossiysk overnight, according to the governor of the Krasnodar region. Ukraine's drone forces commander, Robert Brovdi, said Russian military ships were destroyed in the attacks.
Wildfires have broken out in Türkiye’s Antalya province, forcing hundreds of people to evacuate as strong winds fuelled the flames.
Overnight Iranian strikes on an air base in Jordan damaged multiple U.S. aircraft and left one without a wing, American media reported. Meanwhile, explosions were heard across parts of southern Iran according to local media reports.
Iran’s Revolutionary Guards (IRGC) said on Wednesday they attacked two U.S. vessels and eight oil tankers in the Persian Gulf, calling the strikes a response to a U.S. attack on five Iranian tankers.
Ukrainian forces struck a Russian oil refinery in Siberia and a seaport in Dagestan in the past 24 hours, President Volodymyr Zelenskyy said. He will meet Canadian Prime Minister Mark Carney on Thursday to discuss air defences for Ukraine over winter.
Ukrainian forces struck a Russian oil refinery in Siberia and a seaport in Dagestan in the past 24 hours, President Volodymyr Zelenskyy said. He will meet Canadian Prime Minister Mark Carney on Thursday to discuss air defences for Ukraine over winter.
Eight Muslim-majority countries have launched a joint push for wider international action against trade linked to Israeli settlements, seeking to build momentum from new measures announced by the UK and other Western governments.
Saudi Arabia is facing a problem that goes beyond the latest Houthi attacks on its southern oil facilities. The kingdom is now dealing with pressure on energy exports at the Strait of Hormuz to the east and the Red Sea route to the west.
Two Azerbaijani sailors were killed on Wednesday when a foreign cargo ship they were travelling on was attacked by drones in the Black Sea, Baku's Foreign Ministry has said.
Iceland’s government plans to introduce legislation in February to permanently ban commercial whaling, potentially leaving Norway and Japan as the world’s only countries still allowing the practice.
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