UN General Assembly: World leaders gather amidst wars, global crises and AI concerns
World leaders are set to gather at the United Nations General Assembly in New York for several days of high-level debate, with Iran, Ukraine, artif...
The European Union will begin imposing retaliatory tariffs on U.S. goods next week in response to President Donald Trump’s sweeping steel and aluminium tariffs, escalating a growing transatlantic trade war.
The European Union will launch countermeasures from next Tuesday against U.S. President Donald Trump’s steel and aluminium tariffs with extra duties on 21 billion euros ($23 billion) of U.S. imports.
The 27-nation bloc faces 25% import tariffs on steel, aluminium and cars, as well as the new broader tariffs of 20% for almost all other goods under Trump's policy to hit countries he says impose high barriers to U.S. imports.
The counter-tariffs announced so far are a response specifically to the U.S. metals tariffs imposed on March 12 and were approved by EU members on Wednesday. The bloc is still assessing how to respond to the car and broader "reciprocal" tariffs.
The EU plan comes in three phases, with most of the tariffs not due to take effect until May.
APRIL 15:
The first phase of European tariffs will cover 3.9 billion euros worth of U.S. products, including steel and aluminium, corn (maize), rice, motorcycles, motor boats, dishwashers, washing machines and orange juice.
These are mostly a repeat of tariffs the EU imposed in 2018 when Trump ordered an earlier set of less comprehensive tariffs on European steel and aluminium products. Both sides removed the levies in a truce reached under U.S. President Joe Biden.
Notably, U.S. whiskey is excluded this time, after some countries worried about U.S. retaliation against European wine exports.
Most of the affected products will face 25% tariffs, although some are hit by lower rates such as diamonds at 10%.
MAY 16:
Because the new U.S. metals tariffs cover a much wider range of steel and aluminium goods than the 2018 levies, the commission, which coordinates EU trade policy, drew up a much larger list of U.S. imports for additional retaliation. This originally covered U.S. goods valued at 21 billion euros, but was then pared down to 17 billion euros with the removal of dairy products, spirits and wines.
The additional tariffs of 25% are to be imposed on May 16 on 13.5 billion euros worth of goods, including poultry, beef, fruit, cereals such as wheat, barley and oats, vegetable oils, wood, plastics, carpets, clothing, glassware and tools, as well as chewing gum, dental floss, lawn mowers, vacuum cleaners and toilet paper.
DECEMBER 1: Duties will be added to a further 3.5 billion euros of U.S. goods, including soybeans and almonds.
WHICH COMPANIES COULD BE AFFECTED?
EU officials hope that hitting a wide range of products could make U.S. businesses press Washington to dial back its trade war.
U.S. producers of the affected goods include Whirlpool WHR.N, Stanley Black & Decker SWK.N, Mohawk Industries MHK.N, Harley-Davidson HOG.N, Ralph Lauren RL.N, Tyson Foods TSN.N and Archer-Daniels-Midland ADM.N
($1 = 0.9045 euros)
Iran's Revolutionary Guards Navy said a Togo-flagged oil tanker was struck while attempting to make an “illegal passage” through the Strait of Hormuz, Iranian state media said early on Friday.
Saudi civil defence sent an all-clear on Saturday after issuing alerts for a second time for potential danger in Riyadh and the city of Al-Kharj east of the capital, amid an uptick in attacks by Iran-aligned Houthis on the Gulf country.
The European Union will disburse €3.3 billion ($3.8 billion) to Ukraine for missiles and drones, European Commission President Ursula von der Leyen said after a phone call with Ukrainian President Volodymyr Zelenskyy.
The U.S. State Department approved a $2.7 billion military sale to Ukraine for air-defence development upgrades, along with related equipment and services, the department said. Meanwhile, Ukrainian authorities reported at least 10 people had died in Russian attacks over the last 24 hours.
Houthi attacks target Riyadh amid concerns over Saudi oil supplies, as Iran says it will not reopen the Strait of Hormuz until its conditions are met and U.S. commitments are implemented, parliament speaker Mohammad Bagher Ghalibaf said on Sunday.
World leaders are set to gather at the United Nations General Assembly in New York for several days of high-level debate, with Iran, Ukraine, artificial intelligence (AI) and a range of global crises expected to dominate discussions this week.
Ed Sheeran has broken his silence on the controversy surrounding his U.S. tour, apologising for decisions made after rapper Macklemore was removed from the line-up over his public support for Palestine.
French President Emmanuel Macron is visiting the tiny French territory of Saint Pierre and Miquelon, off the coast of Canada, where he is due to meet Canadian Prime Minister Mark Carney on Sunday (20 September).
The death toll from an overnight Russian attack on the Kyiv region rose to four, including three children, Kyiv regional authorities said on Sunday. A mother and her two 3-year-old children were killed when a Russian drone strike hit a private home, the emergency service said.
A small container of lunar soil travelled more than 380,000 kilometres from the far side of the Moon to Earth two years ago. It recently made one more journey - from Beijing to Vienna, where China officially handed it over to the United Nations.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment