live Trump says Iran wants a deal as Tehran rules out talks for now
U.S. President Donald Trump has again said Iran is keen to reach a deal quickly, but a senior Iranian security official rejected the claim, saying ...
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.
Maritime trackers received new reports of an attack on a ship in the Strait of Hormuz on Sunday, according to the UK Maritime Trade Operations (UKMTO), adding to concerns about energy supplies after Saudi Arabia shut down a vital oil pipeline on Saturday.
U.S. Central Command said 101 commercial vessels have been redirected in the Strait of Hormuz, while oil prices rose more than three per cent amid fresh regional attacks and supply concerns.
U.S. President Donald Trump has again said Iran is keen to reach a deal quickly, but a senior Iranian security official rejected the claim, saying Tehran will not negotiate until its conditions are met.
A Russian strike on a farm warehouse in Pryluky, north-central Ukraine, has killed at least three people, local police said. Meanwhile, EU foreign policy chief Kaja Kallas said an attack on a train near the Polish border was an attempt to intimidate Ukraine's allies.
A Danish military helicopter came within “metres” of being struck by flares fired by a Russian warship, Denmark's Defence Minister Jeppe Bruus said on Tuesday. Russia accused Denmark of carrying out “dangerous manoeuvres” near its ship, and said it was investigating the incident.
A Danish military helicopter came within “metres” of being struck by flares fired by a Russian warship, Denmark's Defence Minister Jeppe Bruus said on Tuesday. Russia accused Denmark of carrying out “dangerous manoeuvres” near its ship, and said it was investigating the incident.
McDonald's and Chinese food-delivery giant Meituan have launched China's first drone-delivery route dedicated to a single catering brand, bringing the technology to Shanghai's popular West Bund riverfront.
The U.S. Environmental Protection Agency (EPA) has announced plans to scrap Biden-era carbon emission limits on coal- and gas-fired power plants, marking a major reversal in U.S. climate policy.
University students in Mexico have held a vigil for a 21-year-old Spanish exchange student killed in the central state of Morelos, with authorities investigating her death as a possible feminicide.
Every day since a torrent of mud and rocks destroyed a Nepal-China border crossing high up in the Himalayas last month, Arushi Gupta's parents have called and messaged their missing daughter hoping she somehow survived.
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