President Donald Trump stepped back—slightly. On Tuesday, he signed a new order softening his auto tariffs just days before fresh 25% duties were set to hit imported car parts.
The move offers temporary relief. U.S. carmakers will be able to claim credits worth up to 15% of the value of vehicles assembled domestically, using them to offset import costs. It’s a narrow path to stability in an industry still caught in a whirlwind.
The White House framed it as a measure of support. “We didn’t want to penalise them,” Trump said before heading to Michigan, home of the U.S. auto legacy. But behind the words lies a deeper tension—between protectionist ambition and economic disruption.
Auto firms had been lobbying hard. The tariffs threatened a production model that spans borders—integrating U.S., Mexican, and Canadian supply chains. General Motors, facing the uncertainty head-on, withdrew its annual forecast and delayed its investor call.
Others followed. UPS announced 20,000 job cuts. Electrolux and Kraft Heinz warned that chaotic trade policies are making long-term planning almost impossible. In total, more than 40 companies have adjusted their earnings guidance in just two weeks.
Markets, for now, responded with optimism. A vague signal from Commerce Secretary Howard Lutnick—claiming a deal with a foreign partner, pending local approval—helped lift stocks. The S&P 500 closed higher for a sixth straight session.
But the fundamentals are softening. U.S. GDP is expected to have grown by just 0.3% in the first quarter, dragged down by import surges and consumer stockpiling. Trump’s 90-day pause on broader tariffs has done little to calm broader fears.
His administration hopes to finalise 90 trade deals in the same 90 days. But for most businesses, the clock is ticking louder than the promises.
“Every single prediction has been proved wrong,” said Electrolux CEO Yannick Fierling. At this point, markets aren’t asking for precision—they’re asking for clarity.
German police say at least 17 people were injured in a knife attack at Hamburg’s main train station on Friday.
North Korean leader Kim Jong Un has ordered the arrest of those responsible for the failed launch of the country’s second naval destroyer, calling the incident an “unpardonable criminal act” and demanding accountability amid skepticism over the extent of damage to the warship.
A U.S. federal judge has temporarily blocked the Trump administration’s attempt to strip Harvard University of its ability to enrol international students, following a lawsuit that marks a major escalation in tensions between the White House and the Ivy League institution.
Russia and Ukraine have carried out a major prisoner exchange, each returning 270 military personnel and 120 civilians to the other side, according to the Russian Defense Ministry.
Despite warnings from FEMA that offering aid to migrants might violate smuggling laws, shelters along the U.S.-Mexico border continue to receive individuals released by ICE, creating confusion and concern among nonprofits.
Russia is preparing to present Ukraine with a draft peace proposal once a recent prisoner swap concludes, Foreign Minister Sergei Lavrov announced Friday, signaling a potential step forward in peace efforts.
Boeing has struck a deal with the U.S. Justice Department to avoid criminal charges over the 737 Max tragedies, agreeing to pay over $1.1 billion in penalties, victim support, and safety reforms.
North Korean leader Kim Jong Un has ordered the arrest of those responsible for the failed launch of the country’s second naval destroyer, calling the incident an “unpardonable criminal act” and demanding accountability amid skepticism over the extent of damage to the warship.
German police say at least 17 people were injured in a knife attack at Hamburg’s main train station on Friday.
Tensions flare in the India-France Rafale deal as France refuses to share the fighter jet’s source code, limiting India’s ability to integrate indigenous weapons and reducing its combat autonomy.
France has rejected India’s request to share source codes needed to integrate indigenous weapons into Rafale fighter jets. Despite repeated appeals, French manufacturer Dassault Aviation has refused to compromise on the issue
Anton Kobyakov, adviser to Russian President Vladimir Putin, claimed at the St. Petersburg International Legal Forum that the USSR’s dissolution was legally invalid and that the Soviet Union still exists under constitutional law, framing the Ukraine war as an “internal process.”
In a region long defined by conflict and complex history, AnewZ set out to hear the voices that matter most- those of the people.
Two staff members from the Israeli embassy in Washington, D.C.- Yaron Lischinsky and Sarah Lynn Milgrim were shot and killed on Wednesday night by a lone gunman as they left an event at the Capital Jewish Museum, close to the White House.
Russia is preparing to present Ukraine with a draft peace proposal once a recent prisoner swap concludes, Foreign Minister Sergei Lavrov announced Friday, signaling a potential step forward in peace efforts.
Boeing has struck a deal with the U.S. Justice Department to avoid criminal charges over the 737 Max tragedies, agreeing to pay over $1.1 billion in penalties, victim support, and safety reforms.
North Korean leader Kim Jong Un has ordered the arrest of those responsible for the failed launch of the country’s second naval destroyer, calling the incident an “unpardonable criminal act” and demanding accountability amid skepticism over the extent of damage to the warship.
German police say at least 17 people were injured in a knife attack at Hamburg’s main train station on Friday.
Iran and the U.S. ended a fresh round of indirect talks in Rome, as negotiators hope to resolve a decades-long dispute over Iran’s nuclear ambitions.
Despite warnings from FEMA that offering aid to migrants might violate smuggling laws, shelters along the U.S.-Mexico border continue to receive individuals released by ICE, creating confusion and concern among nonprofits.
Russia is preparing to present Ukraine with a draft peace proposal once a recent prisoner swap concludes, Foreign Minister Sergei Lavrov announced Friday, signaling a potential step forward in peace efforts.
Boeing has struck a deal with the U.S. Justice Department to avoid criminal charges over the 737 Max tragedies, agreeing to pay over $1.1 billion in penalties, victim support, and safety reforms.
North Korean leader Kim Jong Un has ordered the arrest of those responsible for the failed launch of the country’s second naval destroyer, calling the incident an “unpardonable criminal act” and demanding accountability amid skepticism over the extent of damage to the warship.
German police say at least 17 people were injured in a knife attack at Hamburg’s main train station on Friday.
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