Trump backs Kimmel suspension, fuels national free speech debate
U.S. President Donald Trump welcomed the suspension of talk-show host Jimmy Kimmel and suggested broadcasters should lose licenses over negative cover...
Sweeping tariffs under U.S. President Donald Trump and countermeasures could have a "catastrophic" impact on developing countries, hitting even harder than foreign aid cuts, the director of the United Nation's trade agency said on Friday.
Global trade could shrink by 3-7% and global gross domestic product by 0.7%, with developing countries the worst affected, the International Trade Centre said.
"It is huge," Pamela Coke-Hamilton, executive director of the International Trade Centre, told Reuters. "If this escalation between China and the U.S. continues it will result in an 80% reduction in trade between the countries, and the ripple effect of that across the board can be catastrophic."
Global markets continued to face turmoil on Friday, after Trump announced a 90-day tariff pause on dozens of countries, while ratcheting up tariffs on Chinese imports, raising them effectively to 145% when levies imposed earlier this year are taken into account.
China has been raising its tariffs on the U.S. with each Trump increase, raising fears that Beijing may jack up tariffs above the current 84%.
"Tariffs could have a much more harmful impact than the removal of foreign aid," Coke-Hamilton said, warning that developing economies risk sliding back on the economic gains they made in recent years.
The International Trade Centre's projections are based on data it gathered that do not reflect the 90-day pause or levy hike on China to 125% and its subsequent 84% hike on U.S. 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.
U.S. President Donald Trump welcomed the suspension of talk-show host Jimmy Kimmel and suggested broadcasters should lose licenses over negative coverage, intensifying a national debate on free speech and government pressure.
Japanese conservative politician Sanae Takaichi on Thursday announced her candidacy for the leadership of the ruling Liberal Democratic Party (LDP), a move that could make her the country’s first female prime minister, Kyodo News reported.
The world’s two largest economies, the United States and China, remain mired in a trade war, with experts suggesting that a call scheduled for Friday between the two leaders is likely to address issues including the social media app TikTok, tariffs, and technology.
Germany will decide whether to support sanctions against Israel ahead of the European Union (EU) meeting in Copenhagen in October, Chancellor Friedrich Merz said on Thursday during a visit to Madrid.
Canada and Mexico on Thursday pledged to deepen ties between their two countries, as well as strengthen the free trade pact they share with the United States, during a visit by Prime Minister Mark Carney to Mexico.
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