Flash floods after cloudburst devastate Indian Himalayan state
Flash floods unleashed by a sudden cloudburst in India’s Himalayan state of Uttarakhand on Tuesday (September 16) swept away villages and marketplac...
U.S. stocks tumbled on Thursday after the White House clarified that tariffs on Chinese imports will total 145%, not the previously stated 125%, reigniting investor fears over the global trade outlook.
The market losses accelerated after the White House issued a clarification on President Donald Trump’s latest tariff move. While Trump had originally stated that Chinese goods would face a 125% tariff, the administration confirmed on Thursday that the final rate will be 145%.
The earlier 125% figure, which Trump had posted on social media and mentioned during a press conference on Tuesday, was already higher than any previous U.S. tariff rate on Chinese goods. It sparked brief panic across global markets before investors recovered on hopes the escalation might be temporary or subject to negotiation.
However, Thursday’s clarification by the White House dashed those hopes. Officials explained that the 125% figure only accounted for the latest round of increases, and when combined with prior tariffs already in effect, the total effective rate on most Chinese imports is 145%.
"While yesterday seemed to be a significant rally in the face of good news in terms of the potential for negotiations, the bad news is the trade war with China continues to escalate," said Art Hogan, chief market strategist, B Riley Wealth.
Even a better-than-expected U.S. inflation report failed to lift markets. Investors remain concerned that the steep tariffs will disrupt global supply chains, drive up prices for consumers, and hurt U.S. businesses dependent on Chinese goods.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
Flash floods unleashed by a sudden cloudburst in India’s Himalayan state of Uttarakhand on Tuesday (September 16) swept away villages and marketplaces, leaving a trail of destruction.
Spain’s Foreign Ministry announced it will summon Israel’s charge d’affaires on Tuesday to protest remarks made by Israeli Foreign Minister Gideon Saar about Spanish Prime Minister Pedro Sanchez.
Russian Tu-160 bombers practised launching cruise missiles over the Barents Sea on Tuesday during joint military drills with Belarus, as part of the Zapad 2025 exercises.
Large plumes of smoke were rising in Gaza on Tuesday (September 16) morning, amid reports from Axios citing Israeli officials said that the Israeli military had launched a ground offensive a day earlier to seize Gaza City, the Strip's largest urban centre.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 16th of September, covering the latest developments you need to know.
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