U.S. President Donald Trump has indicated that he is prepared to take a more flexible stance on new tariffs for automobiles and other goods than initially expected.
Previously, the president had announced plans to impose duties on various products, including cars, steel, aluminum, and pharmaceuticals.
"We will announce our decision on cars very soon. Steps have already been taken regarding steel and aluminum. As for pharmaceuticals, we will make an announcement in the near future because we need them. We no longer manufacture pharmaceuticals in our country," Trump stated.
The president also mentioned that some countries might be exempt from these tariffs, though he did not provide specific details. This statement sparked optimism among investors, leading to a rise in U.S. stock markets.
Nevertheless, White House officials emphasized that Trump remains committed to his trade policy and the imposition of strong reciprocal tariffs. According to the administration, these measures will both increase government revenue and create new jobs.
Hyundai to Begin Production in the U.S.
Trump also announced that South Korean automaker Hyundai will invest $21 billion in the U.S. The company plans to start manufacturing cars and steel domestically. According to the president, this investment will allow Hyundai to avoid tariffs:
"If you manufacture your products in America, no tariffs apply," Trump noted.
New Trade Sanctions Against Venezuela
The U.S. president has taken another aggressive step in trade policy, unveiling a new tariff strategy targeting Venezuela. Under the new policy, any country purchasing oil or gas from Venezuela will face a 25% tariff on exports to the U.S.
Trump also criticized the Venezuelan government, alleging that the country has sent "tens of thousands of violent individuals" to the U.S.
In response, Venezuelan authorities condemned the move, calling it "a new act of aggression." Following Trump's announcement, oil prices surged, with U.S. benchmark WTI crude rising by approximately 1% during Monday’s trading session.
Trump’s latest trade policies remain in the spotlight for businesses and investors. In the coming weeks, all eyes will be on how the tariff strategy evolves.
Prince William and Princess Kate marked their 14th wedding anniversary Tuesday with a rare joint appearance on Mull and Iona, their first major public trip since the princess’s cancer treatment.
Estonia’s defense minister Hanno Pevkur says the U.S. will keep its 80,000 troops in Europe, calling bases like Ramstein and Naples crucial to NATO’s eastern shield and American power projection despite Washington’s growing Indo-Pacific focus.
Mark Carney walked into the Prime Minister’s Office on Wellington Street Tuesday morning, his first official act after steering the Liberals to a decisive election triumph and reclaiming the reins of Canada’s government.
Japanese Prime Minister Ishiba Shigeru and Philippine President Ferdinand Marcos Jr. agreed Tuesday to enhance economic and defense cooperation, affirming their opposition to any unilateral attempts to change the status quo in the East and South China Seas through force or coercion.
At the Three Seas Initiative summit, Polish President Andrzej Duda, Lithuanian President Gitanas Nausėda, and Croatian Prime Minister Andrej Plenković briefed reporters after talks with leaders from 11 Central- and Eastern-European states, underscoring regional cooperation on energy.
Prince William and Princess Kate marked their 14th wedding anniversary Tuesday with a rare joint appearance on Mull and Iona, their first major public trip since the princess’s cancer treatment.
Estonia’s defense minister Hanno Pevkur says the U.S. will keep its 80,000 troops in Europe, calling bases like Ramstein and Naples crucial to NATO’s eastern shield and American power projection despite Washington’s growing Indo-Pacific focus.
Mark Carney walked into the Prime Minister’s Office on Wellington Street Tuesday morning, his first official act after steering the Liberals to a decisive election triumph and reclaiming the reins of Canada’s government.
Japanese Prime Minister Ishiba Shigeru and Philippine President Ferdinand Marcos Jr. agreed Tuesday to enhance economic and defense cooperation, affirming their opposition to any unilateral attempts to change the status quo in the East and South China Seas through force or coercion.
At the Three Seas Initiative summit, Polish President Andrzej Duda, Lithuanian President Gitanas Nausėda, and Croatian Prime Minister Andrej Plenković briefed reporters after talks with leaders from 11 Central- and Eastern-European states, underscoring regional cooperation on energy.
Russia launched a major missile and drone assault on Kyiv overnight on April 24, killing at least twelve people and injuring 90, including children and a pregnant woman, according to Mayor Vitali Klitschko.
In an expansive interview marking his first 100 days back in office, President Donald Trump sketched out an agenda that touches everything from punitive tariffs and China policy to cease-fire hopes in Ukraine and an overhaul of domestic programmes. Below are the highlights.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 23rd, covering the latest developments you need to know.
For three generations, the Liebigs built railcars in Görlitz. Now, the factory that shaped their lives will produce parts for battle tanks.
A deadly explosion at Iran’s Bandar Abbas port has left at least 40 dead, with more than 1,200 people injured, state media reported on Sunday, halting operations at one of the country’s most vital trade hubs.
Amazon says it never planned to display Trump-era tariffs on product pages, disputing a report that drew a sharp response from the White House.
Nearly 39,000 people have been deported to Mexico since U.S. President Donald Trump took office, and 33,000 of them are Mexican nationals, President Claudia Sheinbaum said Tuesday.
Prince William and Princess Kate marked their 14th wedding anniversary Tuesday with a rare joint appearance on Mull and Iona, their first major public trip since the princess’s cancer treatment.
Estonia’s defense minister Hanno Pevkur says the U.S. will keep its 80,000 troops in Europe, calling bases like Ramstein and Naples crucial to NATO’s eastern shield and American power projection despite Washington’s growing Indo-Pacific focus.
Mark Carney walked into the Prime Minister’s Office on Wellington Street Tuesday morning, his first official act after steering the Liberals to a decisive election triumph and reclaiming the reins of Canada’s government.
Prince William and Princess Kate marked their 14th wedding anniversary Tuesday with a rare joint appearance on Mull and Iona, their first major public trip since the princess’s cancer treatment.
Estonia’s defense minister Hanno Pevkur says the U.S. will keep its 80,000 troops in Europe, calling bases like Ramstein and Naples crucial to NATO’s eastern shield and American power projection despite Washington’s growing Indo-Pacific focus.
Mark Carney walked into the Prime Minister’s Office on Wellington Street Tuesday morning, his first official act after steering the Liberals to a decisive election triumph and reclaiming the reins of Canada’s government.
Japanese Prime Minister Ishiba Shigeru and Philippine President Ferdinand Marcos Jr. agreed Tuesday to enhance economic and defense cooperation, affirming their opposition to any unilateral attempts to change the status quo in the East and South China Seas through force or coercion.
At the Three Seas Initiative summit, Polish President Andrzej Duda, Lithuanian President Gitanas Nausėda, and Croatian Prime Minister Andrej Plenković briefed reporters after talks with leaders from 11 Central- and Eastern-European states, underscoring regional cooperation on energy.
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