Azerbaijan's Aliyev outlines broader vision for Zangezur Corridor beyond transport links
Azerbaijan's President Ilham Aliyev has outlined an expanded vision for the Zangezur Corridor, describing it not simply as a transport route connectin...
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.
One hundred years after the First World War and more than eighty years after the devastation of the Second World War gave rise to the United Nations, humanity once again finds itself living in an age of permanent crisis.
Flights arriving at Catania airport in eastern Sicily were suspended after volcanic ash from a new eruption of Mount Etna drifted into the airspace around the airport, disrupting operations at one of Italy’s busiest aviation hubs.
Iran said it was nearing a final pact with Oman defining new shipping lanes between them through the Strait of Hormuz but repeated that the U.S. must meet other conditions.
Christopher Nolan’s The Odyssey has surpassed $1.1 billion at the global box office, becoming the highest-grossing film of the director’s career.
U.S. President Donald Trump has called for Iran to pay compensation for decades of deaths and damage, adding a new demand to peace talks as Tehran seeks compensation and sanctions relief before reopening the Strait of Hormuz.
A U.S. federal judge has halted a key part of President Donald Trump's effort to tighten rules around mail-in voting, dealing another legal setback to the administration's attempts to expand federal involvement in election oversight ahead of November's congressional elections.
Lebanon has become the first country in the Middle East to formally abolish the death penalty, marking a significant shift in the region's human rights landscape after years of debate over capital punishment.
Taiwan has criticised a planned joint naval exercise involving China and Indonesia near its eastern waters, describing it as a politically charged move designed to strengthen Beijing's claims over areas surrounding the island.
UK Prime Minister Andy Burnham faces an early test of his climate commitments as his government weighs whether to approve two major North Sea oil and gas projects, Rosebank and Jackdaw.
Europe is facing more frequent and prolonged extreme heat, with climate change making heatwaves increasingly intense and widespread, the World Meteorological Organization (WMO) warned on Tuesday.
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