Global News
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China retaliates against Trump’s ‘trade tyranny’ with 84% tariffs
China’s finance ministry has announced an 84% tariff on goods imported from the US as it retaliates against new levies imposed by the White House. The hike in tariffs, from 34%, came as US President Donald Trump’s 104% tariff on Chinese goods came into force. Beijing says the new charges will take effect from Thursday. China has called for the…
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Tariffs on China Set to rise to at least 104% on Wednesday, White House says
President Donald Trump is set to impose a significant tariff increase on Chinese imports, raising levies to at least 104%, according to White House Press Secretary Karoline Leavitt. This increase is part of Trump’s ongoing tariff strategy and will take effect on Wednesday, marking a further escalation in the ongoing trade war between the U.S. and China. Previously, China was…
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US in direct nuclear talks with Iran, Trump says
The US and Iran will hold “direct talks” over a possible nuclear deal on Saturday, according to American President Donald Trump. The meeting was also confirmed by Iran’s foreign minister, who said the talks would be “indirect” but could be “as much an opportunity as… a test.” Trump—who unilaterally pulled the US out of a previous nuclear deal with Iran…
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Dow tumbles 1,000 points after China retaliates against Trump’s tariffs
US stocks opened sharply lower Friday after China retaliated against the United States for President Donald Trump’s tariffs in a tit-for-tat that escalates a global trade war. The Dow fell 1,000 points, or 2.5%, and the broader S&P 500 was 2.6% lower. The tech-heavy Nasdaq was 3% lower and flirting with bear-market territory — a decline of 20% from its…
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IMF warns of ‘significant risk’ to global economy from Trump tariffs as markets slide
The International Monetary Fund has warned that Donald Trump’s implementation of swingeing tariffs poses a “significant risk” to the global economy, as stock markets continue to be hit by a brutal sell-off by investors. Kristalina Georgieva, the managing director of the IMF, said it was important that the US and its trading partners avoided further escalating the global trade war,…
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UK draws up list of US products it could hit with tariffs
The UK government is drawing up a list of US products it could hit with retaliatory tariffs after President Donald Trump announced a wave of new import taxes. This is a toughening of the government’s stance as ministers seek to finalise a trade deal with the US. Business Secretary Jonathan Reynolds says he is consulting UK firms about the likely…
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Is South Africa’s coalition government about to fall apart?
South Africa’s coalition government is on shaky ground, with sharp divisions between its two biggest parties—the African National Congress (ANC) and Democratic Alliance (DA)—exposed in a crucial vote on the national budget. The centre-right DA voted against the fiscal framework, a key part of the budget, after rejecting an increase in VAT and demanding spending cuts across all government departments.…
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Rubio downplays NATO rupture on European make-up mission
U.S. Secretary of State Marco Rubio and the Trump administration’s new envoy to NATO are seeking to reassure wary NATO allies of the U.S. commitment to the alliance. Rubio on Thursday decried “hysteria and hyperbole” in the media about President Donald Trump’s intentions despite persistent signals from Washington that NATO as it has existed for 75 years may no longer…
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Mexico celebrates preferential treatment under USMCA after US tariffs announcement
Mexican President Claudia Sheinbaum on Thursday celebrated the preferential tariff treatment that Mexico receives under the US-Mexico-Canada Agreement (USMCA), after Mexico was excluded from U.S. President Donald Trump’s sweeping new tariffs. “This is good for the country,” Sheinbaum said during her regular morning press conference. “It has to do with the good relationship that we’ve built between the Mexican and…
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Hungary withdraws from International Criminal Court during Netanyahu visit
Hungary is withdrawing from the International Criminal Court (ICC), its government has announced. A senior official in Prime Minister Viktor Orban’s government confirmed this hours after Israel’s leader Benjamin Netanyahu, who is sought under an ICC arrest warrant, arrived in Hungary for a state visit. Orban had invited Netanyahu as soon as the warrant was issued last November, saying the…
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