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.
AnewZ and Pakistan TV have signed a memorandum of understanding aimed at strengthening cooperation in the media sector through staff training, content...
China has given the nod for car makers to sell Level 3 self-driving vehicles from as early as next year after it approved two electric sedans from Cha...
Uzbekistan and Japan have agreed a cooperation portfolio worth more than $12 billion in bid to advance economic, educational and regional ties....
Iran has ruled out the U.S.-EU demand for a halt in its civilian nuclear program as an “impossible” pre-condition to restart nuclear negotiations....
In Russia, power has always determined who rises and who falls. Under Boris Yeltsin, oligarchs emerged as state property was carved up in the chaos of...
China has given the nod for car makers to sell Level 3 self-driving vehicles from as early as next year after it approved two electric sedans from Changan Auto and BAIC Motors.
In Russia, power has always determined who rises and who falls. Under Boris Yeltsin, oligarchs emerged as state property was carved up in the chaos of the 1990s. Wealth was fast, often crude, and frequently independent of the Kremlin itself.
Türkiye–Azerbaijan trade and investment talks at the 12th meeting of the Joint Intergovernmental Commission (JIC), held in Baku on 22–23 December, are being framed as a key moment in efforts to expand bilateral economic cooperation.
Protests over alleged political pressure on universities drew thousands of students and civic activists to Novi Pazar, Serbia, on 21 December, with demonstrators opposing disciplinary measures against students and academics involved in earlier protests.
The death toll from Hong Kong’s deadliest fire in decades has risen to 161, after forensic analysis confirmed one more victim among the charred remains at Wang Fuk Court in Tai Po, more than three weeks after the blaze began, authorities said on Saturday.
The U.S. Coast Guard is pursuing an oil tanker in international waters near Venezuela, officials told on Sunday, in what would be the second such operation this weekend and the third in less than two weeks if successful.
Israeli Prime Minister Benjamin Netanyahu is set to meet President Donald Trump on 29 December in Florida, where he is expected to present a package of military options regarding Iran, Israel’s public broadcaster KAN reported on Saturday.
The United States has proposed a potential new format for peace talks between Ukraine and Russia, which could include American and European representatives, Ukrainian President Volodymyr Zelenskyy said on Saturday, December 20.
A major power outage swept across San Francisco on Saturday, leaving up to 130,000 customers without electricity, disrupting traffic and forcing some businesses to close temporarily, officials said.
Australia on Sunday, honoured victims of an attack that happened a week ago during a seaside Hanukkah celebration, as the prime minister announced a review of the country's law enforcement and intelligence agencies.
Israeli forces have launched new airstrikes across multiple areas of the Gaza Strip, despite an ongoing ceasefire agreement leading to multiple casualties.
Ukrainian forces have withdrawn from several positions in the north-eastern Sumy region, Kyiv confirmed on Sunday, 21 December, in a move linked to intense fighting near the Russia-Ukraine border.
A photo of U.S. President Donald Trump that had been removed from the cache of Jeffrey Epstein files released by the Department of Justice was restored on Sunday.
A Russian general has been killed in a car bomb attack in southern Moscow, with investigators saying Ukrainian special services may have been involved.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment