U.S. President Donald Trump on Tuesday doubled down on his global tariff campaign, warning China, the pharmaceutical industry, and foreign manufacturers of steep levies unless they strike new trade deals with the United States.
Speaking at a Republican fundraiser in Washington, Trump accused China of manipulating its currency to soften the blow of the 104% tariffs his administration has imposed on Chinese imports. He called the move "a trick in the book" and said it would backfire as China remains energy-dependent. "They have to buy oil. We don’t,” Trump said. “That’s where it hurts them.”
The president also signalled new tariffs are coming for another major sector: pharmaceuticals.
“We’re going to tariff our pharmaceuticals,” Trump declared. “Once we do that, they’ll come rushing back. We are the big market.”
He highlighted Taiwan Semiconductor Manufacturing Company (TSMC) as an example of economic leverage, claiming the firm agreed to invest $200 billion in Arizona without receiving U.S. subsidies. “All I said was, if you don’t build here, you’ll pay up to 100% tax,” Trump said. “No handouts.”
The remarks also included political overtones. Trump claimed all 50 U.S. states have shifted Republican and predicted a strong showing in the 2026 midterms. “They’re terrified our strategy will succeed,” he said, framing opposition to his policies as “treason.”
The comments come amid worsening market jitters over Trump’s sweeping tariffs, which have impacted global trade and driven Wall Street losses. Despite the backlash, the president maintains his stance: “We’re making $2 billion a day. They used to call that peanuts. Not anymore.”
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Azerbaijan's Foreign Ministry has confirmed the number of casualties its citizens suffered as a result of the 5 June drone attacks on the cargo ships Natra and Zircon in the Sea of Azov. In a statement, it said four Azerbaijani citizens were killed and four others were injured.
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Iraqi Prime Minister Ali Falih al‑Zaidi will pay an official visit to the United States, bringing with him a delegation of business leaders, private‑sector representatives and banking officials, in an effort to boost investment and deepen economic ties with Washington.
After the dissolution of the Soviet Union in 1991, newly independent Armenia emerged with the promise of democracy. But in the years that followed, conflicts and political assassinations sidetracked politics in the country, until a 2018 revolution restored momentum to the promise.
Armenian authorities arrested six candidates from the pro-Russian Strong Armenia bloc on Saturday, one day before voters were due to take part in parliamentary elections.
Armenia heads to the polls on 7 June in a key parliamentary vote seen as a test of its democratic reforms and future political direction. Prime Minister Nikol Pashinyan is seeking re-election amid domestic polarisation, security challenges and regional diplomatic tensions.
More than 6,000 people gathered outside a vote-counting centre in Seoul on Friday night, demanding this week’s local elections be repeated after ballot shortages left some voters unable to cast their ballots.
Azerbaijan's Foreign Ministry has confirmed the number of casualties its citizens suffered as a result of the 5 June drone attacks on the cargo ships Natra and Zircon in the Sea of Azov. In a statement, it said four Azerbaijani citizens were killed and four others were injured.
The U.S. said it struck Iranian radar sites on Qeshm Island and in Goruk after intercepting four drones, while Iran's Revolutionary Guards said they launches retaliatory strikes on four tankers in the Strait of Hormuz and targeted U.S. bases in the Gulf.
At least a dozen people were wounded, two critically, on Saturday (6 June) in Toledo, Ohio, as two shooters traded gunfire, police said.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 7 June, covering the latest developments you need to know.
Iraqi Prime Minister Ali Falih al‑Zaidi will pay an official visit to the United States, bringing with him a delegation of business leaders, private‑sector representatives and banking officials, in an effort to boost investment and deepen economic ties with Washington.
People across Gaza are facing a worsening humanitarian crisis, with millions struggling to access food, clean water, shelter and medical care as the conflict continues.
Ukrainian Deputy Prime Minister Oleksiy Kuleba said Russian forces attacked two civilian search and rescue vessels operating in Ukrainian waters on Saturday, leaving several people injured.
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