Latest News
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Trump's tariffs - What is in effect now and what might be coming?
Donald Trump, the U.S. president, has started a global war of trade with a variety of tariffs targeting individual products and nations. Trump has set an initial tariff of 10% for all imports into the United States. He also imposed additional duties on specific products or countries. Here is a listing of the targeted tariffs that he has imposed or threatened to impose. PRODUCT TARIFFS ARE IN EFFECT Steel and Aluminum - 50% Automobiles and auto parts: 25% PRODUCT TARIFFS- THREATENED Copper - 50% will take effect on August 1 Pharmacies - Up to 200% Semiconductors with a 25% or greater content Movies – 100% Timber and lumber Critical Minerals Aircraft, engines, and parts COUNTRY Tariffs in Effect Canada - 10% for energy products and 25% for all other products that are not covered by the U.S. Canada-Mexico Agreement Mexico - 25% on products not covered by USMCA China - 30% with some additional tariffs United Kingdom – 10% with certain auto and metal imports excluded from the higher global rates Vietnam - 20% on certain products and 40% on transshipments of third country products AUGUST 1, COUNTRY TARIFFS MAY GO IN EFFECT Algeria 30% Bangladesh 35% Bosnia and Herzegovina 30% Brazil 50% Brunei 25% Canada 35% Cambodia 36% European Union 30% Indonesia 32% Iraq 30% Japan 25% Kazakhstan 25% Laos 40% Libya 30% Malaysia 25% Mexico 30% Moldova 25% Myanmar 40% Philippines 20% Serbia 35% Sri Lanka 30% South Africa 30% South Korea 25% Thailand 36% Tunisia 25%
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Trump's tariffs - What is in effect now and what might be coming?
Donald Trump, the U.S. president, has started a global war of trade with a variety of tariffs targeting individual products and nations. Trump has set an initial tariff of 10% for all imports into the United States. He also imposed additional duties on specific products or countries. Here is a listing of the targeted tariffs that he has either implemented or threatened to implement. PRODUCT TARIFFS ARE IN EFFECT Steel and Aluminum - 50% Automobiles and auto parts: 25% PRODUCT TARIFFS- THREATENED Copper - 50% will take effect on August 1 Pharmacies - Up to 200% Semiconductors with a 25% or greater content Movies – 100% Timber and lumber Critical Minerals Aircraft, engines, and parts COUNTRY Tariffs in Effect Canada - 10% for energy products and 25% for all other products that are not covered by the U.S. Canada-Mexico Agreement Mexico - 25% on products not covered by USMCA China - 30% with some additional tariffs United Kingdom – 10% with certain auto and metal imports excluded from the higher global rates Vietnam - 20% on certain products and 40% on transshipments of third country products COUNTRY TARIFFS TO TAKE EFFECT ON AUGUST 1, Algeria 30% Bangladesh 35% Bosnia and Herzegovina 30% Brazil 50% Brunei 25% Canada 35% Cambodia 36% European Union 30% Indonesia 32% Iraq 30% Japan 25% Kazakhstan 25% Laos 40% Libya 30% Malaysia 25% Mexico 30% Moldova 25% Myanmar 40% Philippines 20% Serbia 35% Sri Lanka 30% South Africa 30% South Korea 25% Thailand 36% Tunisia 25%
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Noem defends FEMA response in Texas floods amid scrutiny
Kristi Noem, Homeland Security Secretary on Sunday, defended FEMA’s response to the deadly floods that struck Texas last week. She said her agency had acted quickly and Texas officials had praised FEMA’s actions. During an appearance on NBC News "Meet the Press," Noem denied the claim that a June memo that required her to approve FEMA expenses over $100,000 caused the agency's slowdown. Noem stated that the claims were false. "Within an hour or so after the flooding, the Department of Homeland Security had sent resources there." Donald Trump, who took office in January, suggested that his administration will abolish FEMA. The Federal Emergency Management Agency is the official name of FEMA. The Republican President said that the Federal Emergency Management Agency had failed to respond effectively to past disasters, and federal assistance should be directed directly at states. Trump and his top officials are taking a more tolerant tone in the wake of the Texas flooding and hurricane season. Noem told the newspaper on Sunday, "I believe he would like it remade." On July 4, flash floods hit parts of Texas Hill Country, killing at least 140 people. Another 160 are still missing. The disaster brought to light Trump's efforts to reduce the importance of FEMA. By mid-May, FEMA had lost 2,000 employees full-time - one third of the staff - as a result of terminations and buyouts. Noem sent a memo to FEMA on June 11, asking them to submit any contract exceeding $100,000 for her review. The memo was reviewed by and stated that agencies should give her office at least five working days to review funding requests. We spoke to several former and current FEMA officials, who were concerned that the spending cap would slow down the agency’s response to natural disasters. Four current and former FEMA officials claimed that the spending cap slowed down the deployment of the national search and recovery teams. After the Texas floods, a former FEMA official stated that Noem had to approve resources which would have previously been deployed faster, such as law enforcement officers for security or crews using saws to remove debris from roads. The former official stated that "FEMA has never been fast." This is slowing the speed that they used to have. Noem denied on Sunday a New York Times article that claimed thousands of victims of Texas floods were unable to reach FEMA because Noem hadn't renewed their contracts. Noem stated that "these contracts were in effect and no employees were absent from work." "Everyone was answering the phone." A FEMA internal briefing document that was reviewed by Noem stated Noem approved contracts for support of call centers as of 10 July, but provided no further details. FEMA's bulletin stated that new flash flood warnings had been issued on Sunday in central Texas and Texas Hill Country. U.S. Rep. Tony Gonzales, who represents a Republican district that includes flood-hit areas in Texas, warned CNN's "State of the Union" that the area could face a long recovery. He said, "We're still not out of trouble yet." (Reporting Ted Hesson, Additional reporting Leah Douglas, Editing Scott Malone and Deepa Babyington)
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EU wants China to take more ambitious climate action
Wopke H. Hoekstra, EU Climate Commissioner, said that the world needed China to take a more proactive role in climate action. She also stressed the need for China's economy to be less dependent on coal and reduce the planet-heating emission. Hoekstra, a Dutch politician, is in Beijing to hold high-level discussions with Chinese officials about environmental and climate concerns. He also hopes to encourage China not to build any new coal-fired plants and to phase out the use of fossil fuels. Hoekstra said in an interview that "we do encourage China" to play a more active role in the future and reduce emissions in a meaningful way in the coming years. According to the World Economic Forum, China is the largest emitter of greenhouse gases in the world. A report from environmental group Greenpeace in June showed that China's approval rate for new coal power plants was higher than the rate of the first half 2024. Hoekstra said to the Financial Times last week that the EU would not sign a joint declaration on climate change with China until Beijing made a stronger commitment to reduce its emissions. When asked about this issue, he stated, "We are willing to look into a possible declaration. But... what is most important is the content of the statement." He did not specify the commitment that the EU expects to see from China. Hoekstra stated that the EU was interested in finding areas of cooperation with China in advance of the COP30 U.N. Climate Conference in Brazil, which will take place in November. (Reporting and editing by Gareth Jones, Helen Popper and Kate Abnett)
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Trump threatens Rosie O'Donnell's U.S. Citizenship
The U.S. president Donald Trump said on Saturday that he may revoke the citizenship of talk show host Rosie O'Donnell after she criticised his administration's handling weather forecasting agencies following the Texas floods. This is the latest salvo of a long-running feud between the two over social media. Trump said on his Truth Social page that he was seriously considering removing Rosie O'Donnell's citizenship because she is not serving the interests of America. He cited a rationale for deportation the administration used to try to remove foreign born protesters from the United States. "She is a threat to humanity and should stay in the wonderful Country of Ireland if they wish her. "GOD BLESS THE USA!," he said. According to U.S. laws, a president can't revoke citizenship from an American who was born in the United States. O'Donnell was a New York State native. O'Donnell moved to Ireland with her son, 12, after Trump's second-term began. She had been a target of Trump's insults for years. In a TikTok clip from March, she said that she would move back to the U.S. when it was safe for Americans to enjoy equal rights. O'Donnell replied to Trump's threats in two posts posted on her Instagram page, saying the U.S. President opposes her "because she stands in direct opposition to all that he represents." Trump's dislike for O'Donnell goes back to 2006. At the time, O'Donnell was a comedian on The View and mocked Trump's handling of a scandal involving a Miss USA winner, which Trump owned. Trump's latest jab against O'Donnell was in response to a TikTok clip she posted in this month, in which she mourned the 119 people who died in the Texas floods on July 4, and blamed Trump's cuts to agencies that forecast major natural disasters. O'Donnell stated in the video, "What a nightmare in Texas." "And, you know, if the president guts the early warning system and the weather forecasting abilities of the federal government, this is what we're going to start seeing on a regular basis." Trump's administration as well as state and local officials have faced increasing questions about whether they could have done more to protect and warn the residents of Texas before the flooding that struck in pre-dawn U.S. hours. At least 120 people, including children, were killed during the Independence Day holiday of July 4. Trump visited Texas on Friday and defended his government's response, saying that they "did an amazing job under the circumstances." (Reporting and editing by Joey Roulette, Don Durfee, Alistair Bell).
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India relaxes the sulphur emissions rules for coal-fired power plants, reversing a decade-old mandate
A government order stated that India reversed its ten-year-old mandate for the installation of $30 billion in clean-air equipment and lowered sulphur emissions rules at most coal-fired plants. In December, it was reported that the government is reviewing 2015 standards that require nearly 540 coal based power plants to install flue gas desulphurisation systems (FGD), which removes sulphur in the exhaust gases of the plants in phases beginning in 2027. The Federal Environment Ministry issued a gazette notice late Friday that exempted from the 2015 mandate 79% of coal-fired plants outside of a 10-km radius (6 miles) of populated and pollution-prone cities. In the notification, it was stated that the decision to install FGD in another 11% plants located near cities would be made on a case-by-case basis. According to the new directive, the remaining 10% of coal-fired plants located closer to New Delhi or other cities with more than a million people will have to install desulphurisation equipment before December 2027. About 50% of units have either ordered desulphurisation equipment or are installing it. The notification of Friday did not mention any impact on competitiveness or cost recovery by these power plants. The Central Pollution Control Board had conducted a detailed study of the increased "carbon dioxide emissions into the atmosphere as a result of control measures being implemented." (Reporting and editing by Sarita Chandanti Singh)
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Workers at Thyssenkrupp Steel agree to site closures and reduced working hours
Thyssenkrupp, the largest German steelmaker, and the trade union IG Metall announced on Saturday that they had reached an agreement on reduced work hours, lower bonuses and site closures. The agreement with steelworkers marks a significant step in Thyssenkrupp’s restructuring. Under this plan, the former German industrial giant plans to become a holding company. It comes after tensions between management and labor representatives were renewed. The implementation of the new collective agreement, which will run until September 30, 2030 at Thyssenkrupp’s steel unit TKSE, is subject to approval by IG Metall's members and a future agreement regarding the financing of the division, according to the company. Thyssenkrupp announced that it would have to cut up to 11,000 positions at its steel unit, TKSE. It also said that the annual production capacity of 11.5 million tonnes to 8,7-9,0 million tons. Tekin Nasikkol is the head of Thyssenkrupp’s work council and a member of the supervisory board. Nasikkol stated in a press release that "we have created the conditions to allow the company itself to come out of the difficult situation." Thyssenkrupp wanted to conclude a restructuring agreement by the summer. Both sides are aiming to finalise their current agreement by September 30. The wage agreement is seen as a major hurdle that must be overcome before Thyssenkrupp sells an additional 30% of TKSE shares to Czech billionaire Daniel Kretinsky as planned. The investor owns 20% of TKSE via a holding firm. (Reporting and editing by Sharon Singleton, Tomaszjanowski and Christoph Steitz)
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Shell Secures Drilling Permit off South Africa's West Coast
Shell has been granted environmental authorisation to drill up to five deep-water wells off South Africa's west coast, the company said on Friday.The oil major applied for authorisation last year and plans to drill exploration or appraisal wells in the Northern Cape Ultra Deep Block in the Orange Basin, at water depths ranging between 2,500 metres (8,200 ft) and 3,200 metres (10,500 ft).Oil companies, including TotalEnergies, are aiming to drill off South Africa's west coast, where the prolific Orange Basin extends southwards into the country's waters, with hopes of replicating significant discoveries made in neighbouring Namibia."Should viable resources be found offshore, this could significantly contribute to South Africa’s energy security and the government’s economic development programmes," Shell said in a statement without providing any timelines.Shell's previous exploration programme along South Africa's east coast has been disrupted by court litigation over concerns about lack of public consultation and that seismic surveys may harm the marine environment.The long-running case is expected to be heard in South Africa's highest court later this year and could either help usher in a new exploration boom or dampen expectations.Mounting environmental pressures, including a bevy of court actions to halt drilling, and cumbersome bureaucracy have stifled South Africa's ambitions to develop its oil and gas potential.Africa's most industrialised economy has lost around half of its refinery capacity over the last few years and depends even more now on imports of refined petroleum products to meet rising demand.(Reuters - Reporting by Wendell Roelf. Editing by Sfundo Parakozov and Mark Potter)
Venezuelan minister: US detainee is handed to Trump's envoy at Antigua
In a Tuesday message, Venezuelan Information Minister Freddy Nazareth Nanez confirmed that a U.S. national who was detained in Venezuela had been handed over to Richard Grenell - an envoy for U.S. president Donald Trump - on the Caribbean Island of Antigua.
Nanez provided the information when asked whether a post made by far-right U.S. activists Laura Loomer, in which they named the detained American Air Force veteran Joe St. Clair as well as stating that he was on his way to the United States along with Grenell, was true.
"Correct," Nanez responded.
The U.S. State Department and the White House did not respond immediately to a comment request.
Bloomberg reported on Tuesday morning, citing an unnamed single source, that Grenell was in Antigua meeting with representatives of Nicolas Maduro to negotiate the release at least one U.S. prisoner.
News outlet said that the U.S. would extend by 60 days the wind-down period for the license that allows U.S. Oil Company Chevron to work in the country. The license was due to expire on the 27th of May.
Two sources confirmed that Grenell met with Jorge Rodriguez the head of Venezuela’s ruling party-allied parliament and offered Grenell the extension. Grenell would have to get approval from the U.S. Treasury Department as well as the State Department.
Treasury did not respond immediately to a comment request about the potential extension.
Grenell returned to the United States in January after meeting Maduro with six Americans who were held in Venezuela. Vivian Sequera reported from Caracas, and Marianna Pararaga reported from Houston. Additional reporting was provided by Daphne Psaledakis in Washington and Timothy Gardner. Julia Symmes Cobb wrote the article. Sandra Maler edited it.
(source: Reuters)