Netanyahu and Trump signal end to Gaza ceasefire talks with Hamas
Gaza ceasefire hopes dimmed as both Israeli Prime Minister Netanyahu and U.S. President Trump declared negotiations with Hamas had failed. Their remar...
Five countries, the European Union, and global airlines have urged the Trump administration to avoid imposing new national security tariffs on imported commercial planes and parts, citing potential damage to trade and aviation industries, according to documents released on Tuesday.
Airlines and plane manufacturers have lobbied President Donald Trump to restore the tariff-free regime under the 1979 Civil Aircraft Agreement, which has resulted in a $75 billion annual trade surplus for the U.S. aerospace industry.
In a separate filing, U.S. planemaker Boeing pointed to a recent trade agreement with the UK, which ensures tariff-free treatment for aircraft and parts. Boeing argued that the U.S. should secure similar duty-free terms in any future trade agreements, as it did with Britain.
The documents also revealed concerns from nations such as Canada, China, Japan, Mexico, and Switzerland, as well as the European Union, over the potential consequences of new tariffs. Mexico, for example, exported $1.45 billion in aircraft parts to the U.S. in 2024, a small portion of the total trade. The EU reported U.S. aircraft exports worth around $12 billion, while exporting about $8 billion in aircraft to the U.S.
In May, the U.S. Commerce Department launched a "Section 232" national security investigation into imports of commercial aircraft, jet engines, and parts, which could lead to higher tariffs.
China criticized the potential tariffs, stating that no country or region should support the growth of its domestic aircraft industry by suppressing foreign competitors. The EU also expressed concerns, urging the U.S. to strengthen its trade in aircraft and parts, rather than imposing trade restrictions.
Trump has already imposed a 10% tariff on nearly all aircraft and parts imports.
Delta Air Lines and major trade groups have warned that these tariffs could increase ticket prices, impact aviation safety, and disrupt supply chains.
Airbus Americas CEO Robin Hayes also expressed concerns, stating that it is neither realistic nor sensible to aim for a completely domestic supply chain in any country.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
Gaza ceasefire hopes dimmed as both Israeli Prime Minister Netanyahu and U.S. President Trump declared negotiations with Hamas had failed. Their remarks came during escalating violence and growing hunger in the war-torn enclave.
China says it addressed EU concerns over trade imbalances, climate and Ukraine during the China-EU Summit in Beijing, insisting its new energy exports are a “contribution” to the global green transition, not a sign of “overcapacity”.
U.S. Defense Secretary Pete Hegseth reaffirmed Washington’s commitment to NATO as he hosted defense ministers from Estonia, Latvia, and Lithuania, praising their strong defense spending and united stance on Ukraine.
Chinese electric vehicle giant BYD is set to begin local assembly operations in Pakistan by mid-2026, marking a significant step in the country’s transition toward electric mobility.
In a quiet but unmistakable wave, Labubu - the mischievous, wide-grinned character from Hong Kong-based toy studio Pop Mart - is carving out a niche for itself in the American cultural imagination.
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