looms

EU and US edge closer to trade deal as tariff deadline looms | European Union News

US officials are ‘optimistic’ that an agreement could be imminent.

German Chancellor Friedrich Merz has said that negotiations between the European Union and the United States over a long-running trade dispute are making progress.

Speaking in Berlin on Wednesday ahead of a dinner with French President Emmanuel Macron, Merz said, “We have been hearing in the last few minutes that there could possibly be decisions,” referring to ongoing talks aimed at avoiding steep tariffs on European goods.

The United States has threatened to impose a 30 percent tariff on EU exports if no agreement is reached by August 1.

But hopes for a breakthrough rose this week after reports that both sides are close to a deal that would set a 15 percent tariff rate on EU goods – a compromise similar to a recent agreement between the US and Japan.

Macron said that European leaders and the European Commission had been in “constant contact” to coordinate their response to the US pressure.

He added: “We want the lowest possible tariffs, but also to be respected as the partners that we are.”

US Secretary of the Treasury Scott Bessent echoed the optimism, telling Bloomberg Television that the talks were “going better than they had been”, and that progress was being made.

Further discussions between EU Commissioner for Trade Maros Sefcovic and US Commerce Secretary Howard Lutnick also took place on Wednesday, while officials from the European Commission briefed EU member states following the latest round of discussions.

Diplomats say the recent deal between Washington and Tokyo has increased pressure on Brussels to accept a compromise, even if reluctantly.

“The Japan agreement made clear the terms of the shakedown,” an EU diplomat told the Financial Times. “Most member states are holding their noses and could take this deal.”

If finalised, the EU-US deal could include some exemptions, such as for aircraft, medical devices and alcoholic beverages, according to the newspaper.

However, the European Commission, which leads trade policy for the EU, has already prepared a plan to hit back with more than $100bn in tariffs if talks collapse.

It comes as EU exporters have already been facing a 10 percent tariff on goods sent to the US since April, on top of pre-existing levies.

Source link

As Trump’s tariff deadline looms, economists see calm before the storm | Trade War

When United States President Donald Trump unveiled his steep “reciprocal” tariffs on dozens of countries in April, economists issued warnings of catastrophic economic harm.

So far, their fears have not materialised.

The US economy – the single biggest driver of global growth – has defied expectations across numerous metrics, with inflation staying low, employment and consumer spending remaining robust, and the stock market reaching record highs.

Still, even if the limited fallout from Trump’s tariffs has taken some analysts by surprise, economists warn that the US and global economies may just be experiencing the calm before the storm.

Dozens of US trade partners, including close allies such as South Korea and Japan, are facing tariffs of 25 percent to 40 percent unless they seal trade deals with the Trump administration by an August 1 deadline.

“When you start to see tariffs at 20 or more, you reach a point where firms may stop importing altogether,” Joseph Foudy, an economics professor at the New York University Stern School of Business, told Al Jazeera.

“Firms simply postpone major decisions, delay hiring, and economic activity declines,” Foudy added.

“The uncertainty around trade in that sense is as costly as the actual tariff rates.”

Even countries that are able to hammer out a deal in time are likely to face significantly higher duties.

Trump’s preliminary agreements with Vietnam and China, announced in May and early July, respectively, stipulate minimum tariff rates of 20 percent and 30 percent.

On Friday, the Financial Times reported that Trump was pushing for a tariff of 15-20 percent on the European Union, which is the US’s single largest trading partner and is facing a 30 percent duty from August 1, in any deal reached with the bloc.

Ursula von der Leyen, the president of the European Commission, has warned that Trump’s mooted 30 percent tariff would “disrupt essential transatlantic supply chains, to the detriment of businesses, consumers and patients on both sides of the Atlantic”.

Wine
Bottles of wine are seen on display for sale in a wine shop in Paris, France, on March 13, 2025. [Stephanie Lecocq/Reuters]

‘Harm growth’

“In my view, the few tariff agreements that have been reached represent nontrivial changes in US trade policy and so will harm growth, so even if much less extreme than threatened, will matter,” Steven Durlauf, a professor of economics at the University of Chicago, told Al Jazeera.

Economists widely agree that the impact of tariffs implemented so far has not been fully felt, as many businesses built up their stockpiles of inventories in advance to mitigate rising costs.

Under the existing measures – including a baseline 10 percent duty on nearly all countries, and higher levies on cars and steel – the effective average US tariff rate currently stands at 16.6 percent, with the rate set to rise 20.6 percent from August 1, according to The Budget Lab at Yale Department of Economics.

Even if Trump does not sharply hike tariffs on August 1, economists expect inflation to rise at least somewhat in the coming months, with higher prices in turn likely to drag on growth.

In an analysis published last month, BBVA Research estimated that even the current level of US tariffs could reduce global gross domestic product (GDP) by 0.5 of a percentage point in the short term, and by more than 2 percentage points over the medium term.

“It is too soon to expect big effects on prices in the US, as there was a large increase in exports to the US in anticipation of higher tariffs, and firms are waiting to see where things will end up in terms of tariffs that affect them. So, not surprising, we have seen limited effects so far,” Bernard Hoekman, director of Global Economics at the Robert Schuman Centre for Advanced Studies at the European University Institute in Florence, Italy, told Al Jazeera.

“But if the US does what it has indicated it wants to do – raise average tariffs to the 20-30 percent level – there will be a much larger impact.”

Trump and his allies have repeatedly dismissed economists’ warnings about his tariffs, pointing to the steady stream of positive data to make the case that the economic consensus is flawed.

“The Fake News and the so-called ‘Experts’ were wrong again,” Trump wrote on Truth Social in response to a recent report from his Council of Economic Advisers (CEA) that found prices of imported goods fell by 0.1 percent from December to May.

“Tariffs are making our Country ‘BOOM.’”

exports
Vehicles for export are seen at a port in Pyeongtaek, South Korea, on July 8, 2025 [Anthony Wallace/AFP]

The CEA report’s methodology drew criticism from some economic analysts, with the National Taxpayers Union saying it failed to take account of stockpiling by importers and covered a period that was “way too short to draw any definitive conclusions”.

Despite the strong headline figures on the US economy, economists have also pointed to warning signs in the data.

In a note last week, Wells Fargo economists Tim Quinlan and Shannon Grein pointed out that discretionary spending on services in the US fell 0.3 percent in the year up to May, indicating potential economic storm clouds ahead.

“That is admittedly a modest decline, but what makes it scary is that in 60+ years, this measure has only declined either during or immediately after recessions,” Quinlan and Grein said.

Durlauf, the University of Chicago professor, said the Trump administration had little cause to see the relative health of the economy up until now as a vindication of its economic plans.

“First, there is widespread belief that tariff threats will not be realised in actual agreements. Second, the effects of tariffs on prices and output take some time to work through the system,” Durlauf said.

“There is no sense that the absence of large effects on real activity and inflation, so far, in any way vindicate claims of the Trump administration.”

Source link

Israeli demolition threat looms over vital Jenin disability rehab centre | Israel-Palestine conflict News

The Al-Jaleel Society for Care and Community-based Rehabilitation has provided essential services to disabled Palestinians in Jenin refugee camp for decades. But now, after repeated Israeli attacks, the centre has been destroyed, and its staff have discovered that it sits in an Israeli-designated demolition zone.

Al-Jaleel’s staff have received no official notice, but in early June, the Israeli army published an aerial map showing several buildings in the area that were set to be destroyed, including the rehabilitation centre.

Zaid Am-Ali, senior advocacy officer for Palestine operations at Humanity and Inclusion, Al-Jaleel’s partner organisation, told Al Jazeera the reason the organisations were given was that the area was being secured for military and security purposes.

“This is not the first time the centre has been targeted, the Israeli military has destroyed parts of it during previous acts of demolition in the refugee camp and has breached and ransacked the centre and tampered with assistive devices meant for persons with disabilities,” Am-Ali said.

Al Jazeera has reached out to the Israeli military but has not received a response at the time of publication.

Supporting thousands of Palestinians

Al-Jaleel is a “critical lifeline”, Am-Ali said, describing how the demolition of the centre would deprive vulnerable communities in Jenin and the wider northern West Bank of its essential services.

It was established in 1991 as the Local Rehabilitation Committee, which became an independent NGO in 2010 under the name Al-Jaleel.

Since it first opened its doors, Al-Jaleel has provided thousands of Palestinians with a wide range of support and services, especially to those with mobility impairments resulting from injury, illness, or conflict-related trauma.

As well as prosthetics, orthotics and physical and occupational therapies, Al-Jaleel also offers psychological support for those affected by disability and continuing violent assaults perpetrated by the Israeli military, which has been attacking Jenin on a regular basis for years, but has intensified operations since the start of 2025.

“This is the same area that has been subject to an ongoing Israeli military operation for years now, causing a lot of casualties and damage to civilian infrastructure,” Am-Ali said.

Al-Jaleel’s ability to function and provide care was severely compromised in April when an Israeli attack damaged the building.

Although staff have since relocated and started operating from another location due to their displacement from the camp, they have not yet been permitted to re-enter the organisation’s original building to retrieve any equipment that was spared during the April attack.

Staff were told they would be allowed to evacuate their equipment on July 12, but were then not allowed to do so by the Israeli military.

It is unclear when or if staff will be able to collect Al-Jaleel’s belongings before the demolition takes place. With the area now declared a closed military zone, Al-Jaleel’s staff are being denied information about the building’s status.

At the time of writing, the centre has not been demolished, but other buildings in its vicinity have been torn down.

Violence in Jenin

Violence in Jenin has escalated significantly since January 21, when the Israeli military launched “Operation Iron Wall” in the city and the nearby refugee camp.

According to Israeli forces, the operation is an “antiterrorism” offensive, attempting to crush Palestinian resistance efforts in the area.

The Israeli military has for years attempted to root out any form of armed resistance in the occupied West Bank, conducting raids that have escalated in severity since the beginning of Israel’s war on Gaza in October 2023. At least 1,000 Palestinians have been killed by Israeli forces or settlers in that period.

“Operation Iron Wall” – targeting Palestinian fighters in the northern West Bank – started in Jenin, but has since spread to Tulkarem, Nur Shams, and al-Fara refugee camps.

On March 22, just 60 days after the beginning of the offensive, the UN agency for Palestinian refugees (UNRWA) reported that 40,000 Palestinian refugees had been displaced from refugee camps in the northern West Bank.

In addition, earlier this year, Israeli authorities announced that they planned to wipe out the Jenin refugee camp completely.

Since then, Israeli bulldozers have been tearing down commercial buildings and homes at an alarming rate.

Wafa, the Palestinian news agency, reported on June 30 that more than 600 homes and 15 roads in Jenin camp had been demolished.

On June 17, the Israeli Supreme Court rejected a petition filed by Adalah, a legal centre for Palestinian minority rights in Israel, on June 12 to halt the demolition of Jenin refugee camp.

The Supreme Court authorised the Israeli military to proceed with the destruction of nearly 90 civilian buildings that housed hundreds of Palestinian families.

“The Israeli Supreme Court’s decision to uphold these operations, including its 7 May 2025 rejection of Adalah’s petition against the mass demolitions in Nur Shams and Tulkarem refugee camps, provides a false legal cover for policies of forced displacement and entrenched impunity,” said Adalah.

Bigger picture

The potential demolition of Al-Jaleel fits into a wider pattern of Israeli attacks on Palestinian healthcare institutions.

The targeting of health facilities, medical personnel and patients has been widespread during Israel’s war on Gaza. These actions are considered war crimes under the 1949 Geneva Convention. Israel has justified the attacks as being part of its fight against Hamas and other armed groups, accusing them, without any overwhelming evidence, of using health facilities as cover for their bases and operations.

According to the World Health Organization (WHO), at least 94 percent of all hospitals in Gaza are damaged or destroyed.

Between October 7, 2023, and July 2, 2025, WHO recorded 863 attacks on healthcare in the West Bank. These attacks affected 203 institutions and 589 health transports

In a statement to Al Jazeera, WHO reported that, of the 476 government health service delivery units assessed by WHO and partners in the West Bank in June 2025, only 345 are fully functional, 112 are partially functional, nine are non-functional, and 1 has been destroyed.

That, Am-Ali believes, is being overlooked amid the understandable focus on Gaza, where Israel has killed more than 58,000 Palestinians. And it is allowing Israel to get away with its devastation of Palestinian life in the West Bank, and its destruction of vital centres like Al-Jaleel.

“These developments are not isolated incidents and are in clear violation of international law, including the prohibition on the acquisition of territory by force under the UN Charter and the Fourth Geneva Convention,” he said.

Source link

How strong is US manufacturing, as Trump’s tariff deadline looms? | Interactive News

The global economy is on edge as United States President Donald Trump’s July 9 deadline looms for the imposition of double-digit tariffs on most trading partners.

On Monday, Trump announced tariffs on 14 countries, ranging from 25 to 40 percent. The targeted countries include close US allies like Japan and South Korea, as well as Laos, Myanmar, Bangladesh, Cambodia, Tunisia, South Africa, Malaysia, Kazakhstan, Thailand, Indonesia, Serbia and Bosnia and Herzegovina.

And with only a few trade deals in place, his administration is expected to announce the imposition of new levies on many more countries. Trump and Treasury Secretary Scott Bessent on Sunday said those new tariffs would come into effect on August 1.

Trump’s initial April 2 “Liberation Day” announcement of across-the-board tariffs on countries around the world sent markets into a tailspin. Trump relented – temporarily – announcing a 90-day cessation on higher tariffs, while imposing a 10 percent baseline levy on all trading partners.

Now, some experts fear that higher tariffs, if imposed after July 9, could push the global economy into a recession.

Along with reducing the trade deficit, Trump’s argument for tariffs is that they will boost US manufacturing and protect jobs. He says tariffs will encourage US consumers to buy more US-made goods, increase the taxes raised and enhance investment in the US.

But what is the current state of manufacturing in the US, and how has it fared in recent months amid the economic churn stirred by Trump’s policies?

Where are we now?

In a bid to revitalise US industry, Trump announced a $14bn investment on May 30, brokering a partnership between US Steel and Nippon Steel tipped to create 70,000 jobs, according to the White House.

The Trump administration has also highlighted investments announced by automakers, tech firms and chocolate companies, among others, as evidence of the return of manufacturing to US soil.

According to the US Bureau of Economic Analysis, manufacturing contributed $2.9 trillion to the economy in the first quarter of 2025, a 0.6 percent increase from the corresponding period in 2024. That places it behind only finance, professional and business services, and government as the largest sectors contributing to the US economy.

However, building that manufacturing base back to the heydays of the sector, when it dominated the US economy, will not be easy, caution many experts. They point out that the US is today missing many of the essential elements of a robust manufacturing framework, including skilled labour, government support and technology.

Manufacturing accounted for more than 25 percent of gross domestic product (GDP) in the 1970s, but that came down to 13 percent by 2005. Its share has since dropped further, to about 9.7 percent in 2024.

Finance, insurance, real estate, rental and leasing value added as a percentage of GDP was 21 percent in 2024, followed by professional and business services (13 percent) and government (11 percent).

US manufacturing falls for a fourth month

The Institute for Supply Management (ISM) Manufacturing Index, also known as the purchasing managers’ index (PMI), is a monthly indicator of economic activity based on a survey of purchasing managers at manufacturing firms nationwide. It serves as a primary indicator of the condition of the US economy.

The PMI measures the change in production levels across the economy from month to month. A PMI above 50 indicates expansion, while a reading below 50 indicates contraction.

In June, it registered 49 percent, marking a fourth consecutive month of contraction, though the rate of decline has slowed.

INTERACTIVE-US-ISM-PMI-June-2025-1751961229
(Al Jazeera)

At the start of 2025, the PMI was in expansion territory – 50.9 percent in January and 50.3 percent in February, before slipping below 50 in March.

Nine manufacturing industries reported growth in June, while six industries reported contraction.

According to the Reuters news agency, economists say the lack of clarity on what happens after July 9 has left businesses unable to make long-term plans.

How many people does manufacturing employ?

According to the US Bureau of Labor Statistics, in June 2025 there were some 12.75 million people employed in the manufacturing sector in the US.

Employment in manufacturing has increased from five years ago – in June 2020, some 11.95 million people were employed.

However, current employment levels are still far below the peak of nearly 20 million people hired in manufacturing jobs in the late 1970s, reflecting the long-term decline in the sector’s contribution to employment in the US.

US manufacturing job openings increased in May – 414,000, up from 392,000 in April – but actual hiring declined, hinting at uncertainties in the labour market over the Trump administration’s tariff policies.

US manufacturing compared to the rest of the world

The US has seen a decline in its share of global manufacturing, while China has taken over as the largest manufacturing country by value-added.

China contributed $4.8 trillion to the global GDP through manufacturing in 2022, followed by the US at $2.7 trillion that year.

Still, the US remains a major player and adds more manufacturing value than the third-, fourth-, fifth- and sixth-largest countries combined. And it does so with far fewer workers than its competitors.

Source link

TikTok reportedly prepping new app in the U.S. as potential sale looms

TikTok is preparing to release a new app in the U.S. as it awaits a potential sale that would maintain its presence for millions of users in the country, according to media reports.

The popular video app, owned by Chinese technology company ByteDance, is under pressure to sell its U.S. operations by Sept. 17 or face a nationwide ban, due to security concerns raised by U.S. government officials over the firm’s ties to China.

TikTok is planning to make the new app available on Sept. 5, according to tech news site The Information. The existing app could stop working in March 2026 and when that happens, American users would need to download the new app in order to continue to use TikTok, the publication said.

TikTok did not respond to a request for comment.

Analysts expect that the new app will attempt to address the government’s security concerns. Officials have raised the specter of TikTok sharing user data with the Chinese government, which the company denies.

Ray Wang, principal analyst and founder of Constellation Research, said he believes TikTok will remain popular in the U.S. even after a sale. TikTok is used by more than 170 million Americans as a way to entertain and educate themselves by watching videos on the app. Small businesses, influencers and major corporations also post content on TikTok to market products.

“There will be a transition period from the old app to the new app,” Wang said. “The question is how will data be migrated, and I’m sure they will have a solution for that.”

President Trump last month gave a 90-day extension until Sept. 17 to ByteDance to divest its U.S. operations. The original deadline was Jan. 19, after a law was signed by Trump’s predecessor, President Biden, last year, but the deadline has since been extended by Trump several times. TikTok has said that the law “offers no support for the idea” that its Chinese ownership poses national security risks.

Potential buyers of ByteDance’s TikTok U.S. operations include Oracle Corp. (co-founded by billionaire Larry Ellison), Amazon and an investment group led by Frank McCourt, a former Dodgers owner whose bid includes “Shark Tank” star Kevin O’Leary, analysts said. San Francisco artificial intelligence company Perplexity said in March that it wants to “rebuild the TikTok algorithm.”

Any deal would need the approval of the Chinese government. Analysts said it is unlikely a sale of TikTok’s U.S. operations would include its algorithm — seen as one of the most valuable parts of TikTok — which surfaces videos of interest to its users.

Trump on Friday told reporters that he planned to discuss a TikTok deal with China this week, but declined to name the potential buyer, according to the New York Times.

“I think the deal is good for China, and it’s good for us,” Trump said. “It’s money, it’s a lot of money.”

Trump’s first administration pushed for a TikTok ban, but the president since had a change of heart. He has met with TikTok executives at Mar-a-Lago, mused about TikTok’s popularity with young people and bragged online about his significant following on the platform.

During his campaign for a second term, Trump positioned himself as a TikTok advocate, saying “those who want to save TikTok in America, vote for Trump.”

Several TikTok creators told The Times that they have diversified where they post their content and believe their fans will follow them to other platforms if TikTok were to be banned.

Source link

Trump and Netanyahu may take a victory lap on Iran, but the Gaza war looms over their meeting

Israeli Prime Minister Benjamin Netanyahu and U.S. President Trump might look to take a victory lap on Monday after their recent joint strikes on Iran, hailed by both as an unmitigated success.

But as they meet for the third time this year, the outwardly triumphant visit will be dogged by Israel’s 21-month war against Hamas in Gaza and questions over how hard Trump will push for an end to the conflict.

Trump has made clear that following the 12-day war between Israel and Iran, he would like to see the Gaza conflict end soon. The meeting between Trump and Netanyahu could give new urgency to a U.S. ceasefire proposal being discussed by Israel and Hamas, but whether it leads to a deal that ends the war is unclear.

“The optics will be very positive,” said Michael Oren, a former Israeli ambassador to Washington. “But behind the victory lap are going to be some very serious questions.”

Before departing for Washington on Sunday, Netanyahu praised the cooperation with the U.S. for bringing a “huge victory over our shared enemy.” He struck a positive note on a ceasefire for Gaza, saying he was working “to achieve the deal under discussion, on the terms we agreed to.”

“I think that the discussion with President Trump can certainly help advance that result, which all of us hope for,” Netanyahu said.

‘It changes from day to day’

Israel and Hamas appear to be inching toward a new ceasefire agreement that would bring about a 60-day pause in the fighting, send aid flooding into Gaza and free at least some of the remaining 50 hostages held in the territory.

But a perennial sticking point is whether the ceasefire will end the war altogether. Hamas has said it is willing to free all the hostages in exchange for an end to the war and a full Israeli withdrawal from Gaza. Netanyahu says the war will end once Hamas surrenders, disarms and goes into exile — something it refuses to do.

Trump has made it clear that he wants to be known as a peacemaker. He has repeatedly trumpeted recent peace deals that his administration facilitated between India and Pakistan, the Democratic Republic of Congo and Rwanda, and Israel and Iran, and for years has made little secret of the fact that he covets a Nobel Peace Prize.

He has been pressuring Israel and Hamas to wrap up their own conflict, which has killed tens of thousands of Palestinians, ravaged Gaza, deepened Israel’s international isolation and made any resolution to the broader conflict between Israel and the Palestinians more distant than ever.

But the precise details of the deal, and whether it can lead to an end to the war, are still in flux. In the days before Netanyahu’s visit, Trump seemed to downplay the chances for a breakthrough.

Asked on Friday how confident he was a ceasefire deal would come together, Trump told reporters: “I’m very optimistic — but you know, look, it changes from day to day.”

On Sunday evening, he seemed to narrow his expectation, telling reporters that he thought an agreement related to the remaining hostages would be reached in the coming week.

Leaders are more in sync than ever

Those mood swings also have embodied Trump’s relationship with Netanyahu.

After Trump’s decision to get involved in Israel’s war in Iran with strikes on Iranian nuclear sites, the two leaders are more in sync than ever. But that’s not always been the case.

As recently as Netanyahu’s last visit to Washington in April, the tone was markedly different.

Trump used the photo-op with Netanyahu to announce that the U.S. was entering into negotiations with Iran over its nuclear deal — appearing to catch the Israeli leader off guard and at the time, slamming the brakes on any Israeli military plan.

He also praised Turkish leader Recep Tayyip Erdogan, a fierce critic of Israel’s, in front of Netanyahu, and the two made no apparent progress on a trade deal at the height of Trump’s tariff expansion.

Trump, whose policies have largely aligned with Israel’s own priorities, pledged last week to be “very firm” with Netanyahu on ending the war, without saying what that would entail. Pressure by Trump has worked on Netanyahu in the past, with a ceasefire deal having been reached right as the president was taking office again.

Netanyahu has to balance the demands of his American ally with the far-right parties in his governing coalition who hold the key to his political survival and oppose ending the war.

But given the strong U.S. support in Israel’s war against Iran, highlighted by joint airstrikes on a fortified underground Iranian nuclear site, Netanyahu may have a tough time saying no.

On Sunday evening, Trump said one of the matters he expected to discuss with Netanyahu “is probably a permanent deal with Iran.”

Trump also may expect something in return for his recent calls for Netanyahu’s corruption trial to be canceled — a significant interference in the domestic affairs of a sovereign state.

“Trump thinks that Netanyahu owes him,” said Eytan Gilboa, an expert on U.S.-Israel affairs at Bar-Ilan University near Tel Aviv. “And if Trump thinks that he needs to end the war In Gaza, then that is what he will need to do.”

Trump’s regional vision

The two men will likely discuss the ceasefire with Iran and how to respond to any perceived violations.

But beyond Iran is Trump’s grand vision for a new Middle East, where he hopes that additional countries will join the Abraham Accords, a series of agreements normalizing relations between Arab countries and Israel brokered during Trump’s first term.

Netanyahu and Trump are likely to discuss how to bring Syria into the fold. The country, a longtime enemy of Israel’s, has new leadership after the fall of President Bashar Assad, and experts say conditions might be ripe for some kind of nonbelligerency agreement.

But Trump’s ultimate goal is to include regional powerhouse Saudi Arabia.

The Saudis, whose clout could open the door for other Arab or Muslim countries to join, have expressed interest in normalizing ties with Israel but only if it is accompanied by serious steps toward resolving Israel’s conflict with the Palestinians. For starters, that would seem to require action in Gaza.

“The most important thing [for Trump] is to end the war in Gaza,” Gilboa said. “That is the key to all the regional peace in the Middle East.”

Goldenberg and Price write for the Associated Press. Price reported from Washington.

Source link

Donald Trump threatens Japan with tariff up to 35% as deadline looms

US President Donald Trump has threatened to impose a “30% or 35%” tariff on Japan if a deal between the two countries is not reached before a deadline next week.

That would be well above the 24% tariff Japan was hit with as part of Trump’s so-called “Liberation Day” on 2 April, when he announced steep import duties on countries around the world.

The tariffs on most trading partners were later lowered to 10% for 90 days to give them time to negotiate deals with Washington.

That pause is due to expire on 9 July and Trump has said he is not thinking of extending the deadline.

Trump also continued to cast doubt that an agreement could be reached with Tokyo.

“We’ve dealt with Japan. I’m not sure we’re going to make a deal. I doubt it,” he told reporters aboard Air Force One on Tuesday.

Japan’s embassy in Washington did not immediately respond to a BBC request for comment.

Like many other countries, most of Japan’s exports to the US currently face a 10% levy. There is also a 25% import tax on Japanese vehicles and parts, while steel and aluminium are subject to a 50% tariff.

Earlier on Tuesday Japan’s chief cabinet secretary Yoshimasa Hayashi said he would not make concessions that could hurt his country’s farmers to strike an agreement with Washington.

The comments came after Trump criticised countries over their trade policies towards the US, focussing on Japanese rice imports.

“To show people how spoiled Countries have become with respect to the United States of America, and I have great respect for Japan, they won’t take our RICE, and yet they have a massive rice shortage,” he wrote on his Truth Social platform.

Trump originally said he would sign 90 trade agreements during the pause on the new tariffs but since then only the UK has struck a deal with the US.

Source link

Nicolle Wallace launches ‘The Best People’ podcast for MSNBC as spinoff looms

MSNBC’s Nicolle Wallace has delivered some sharp criticism of President Trump since she became a host on the progressive-leaning cable news network in 2017.

So it’s surprising that her new podcast shares its name with one of Trump’s regular boasts about his team: “The Best People.”

“I thought he had abandoned it,” Wallace, 53, told The Times. “But I actually think ‘the best people’ was one of his best messages in 2016.”

“He abandoned it officially when he picked Matt Gaetz,” she added, referring to Trump’s first choice for attorney general.

Each week on “The Best People,” starting Monday, Wallace will have lengthy conversations with actors, musicians, thought leaders and other figures outside of politics. The guest on the first episode is actor and fellow podcaster Jason Bateman, followed by Sarah Jessica Parker, music producer Jimmy Jam, folk singer Joan Baez and Milwaukee Bucks coach Doc Rivers in coming weeks.

The jump into podcasting comes as the network looks for more ways to reach the growing number of consumers who are no longer watching cable TV.

The network says its existing audio podcasts, which include series from hosts Rachel Maddow, Chris Hayes and Jen Psaki, will top 10 million downloads in May.

“Our goal is to meet our audience where they are and to bring the talent of our hosts and anchors to them in those spaces,” said Madeleine Haeringer, MSNBC’s senior vice president of digital, audio and longform. “It’s not a one-size-fits-all formula — but instead, tailoring each project to both the host and the platform.”

Wallace said she was ready to expand her role at MSNBC before the corporate changes. Podcasting appealed to her because, as a working mom, she knows many women aren’t available to watch her daily program in the afternoon.

Her branching out into less overtly political territory is somewhat unexpected.

The former Bush White House communications director’s tenure on the ABC talk show “The View” was brief, partly due to her lack of pop culture expertise.

That’s not a concern this time around, she said. The guests she solicited for “The Best People” are coming to the table to discuss their own advocacy issues apart from the kind of instant political analysis presented on her MSNBC program “Deadline: White House.”

Wallace connected with Jimmy Jam when they discussed creating a “We Are the World” type of musical production to aid Ukraine. She knew Rivers through his social justice activism (as coach of the Los Angeles Clippers, he had to guide the players through the scandal over former owner Donald Sterling’s racist comments) and Parker for her devotion to literacy programs.

The podcast format allows them to open up in a way that doesn’t always happen on live TV.

“For some reason, people sitting in front of their computer screens on the Zoom are even more candid and forthcoming about how they feel,” Wallace said.

Wallace is wading into digital media at a time when MSNBC is in transition. The channel, along with other NBCUniversal cable outlets, is being spun off from current owner Comcast into a new company called Versant.

Comcast is getting out of the cable channel business, with the exception of its potent reality brand Bravo, out of concern about the steady decline of the pay TV audience. Over the last 10 years, cord-cutting has reduced the number of cable homes MSNBC reaches by 33%.

MSNBC also saw a mass exodus of viewers just after the presidential election, as its loyal left-leaning audience tuned out after Trump’s victory.

The ratings have gradually climbed back up, with MSNBC maintaining its second place position behind perennial cable leader Fox News but well ahead of third place CNN. In May, the network was up 24% from the lows it hit in November and December, but is still down 35% compared to the presidential campaign-elevated levels of a year ago, according to Nielsen.

But leadership at Versant has it made clear that MSNBC will continue to cater to a politically progressive audience.

Wallace believes the commitment to the network’s point of view has only deepened under new management. “It’s a culture that really rewards deep wonky coverage of politics,” she said. “[MSNBC President] Rebecca Kutler has come in and tripled down on all of that.”

The spinoff requires separating MSNBC from NBC News, where some journalists were uneasy with the intensity of partisan commentary on the cable network. Versant is hiring its own newsgathering team — as many as 100 journalists — including justice and intelligence correspondent Ken Dilanian, who is moving over from NBC.

“To work for someone who is hiring reporters at a time when we’re looking at an administration that seems a little meh about the Constitution is pretty forward leaning,” Wallace said.

She was inspired to try something new by the extracurricular activities of her husband, the New York Times’ Pulitzer Prize-winning reporter Michael S. Schmidt, who co-created the Netflix thriller series “Zero Day” with former NBC News President Noah Oppenheim.

“Michael enjoyed it so much it gave me the idea to add something that is a little outside my comfort zone,” Wallace said.

Wallace met Schmidt, 41, at MSNBC, where he is a contributor. They married in 2022 and a year later had their first child via surrogate. Wallace also has a 13-year-old son, Liam, from her first marriage.

While Wallace and Schmidt have a business-like dynamic when they appear together on the program, family matters creep in off-camera.

“When we are both on set, my son is texting us about dinner,” Wallace said. “During the breaks, we’re never talking about the rule of law. We’re talking about logistics.”

Source link

Trump administration eyes regional tariffs as global deal deadline looms

Treasury Secretary Scott Bessent, pictured speaking last month during a Congressional hearing, on Sunday called the Moody’s downgrading of the United States’ credit rating a “lagging indicator.” File Photo by Bonnie Cash/UPI | License Photo

May 18 (UPI) — The United States may impose regional tariffs rather than issue blanket ones as a deadline approaches for racing a global plan, Treasury Secretary Scott Bessent said Sunday.

The Trump administration originally said it would impose 90 deals in 90 days, but has backed down recently, acknowledging the complexities of negotiating trade pacts with dozens of countries on a compressed timeline, despite stepped-up efforts, President Donald Trump said during his recent trip to the Middle East.

“But it’s not possible to meet the number of people that want to see us,” Trump explained.

Trump said while in the Middle East that he and Commerce Secretary Scott Lutnick would begin advising some countries on U.S. plans for tariffs in the next two to three weeks.

During an appearance on CNN’s “State of the Union,” Bessent said the United States will focus on a short list of countries in its initial round of tariffs.

“My other sense is that we will do a lot of regional deals,” Bessent said. “This is the rate for Central America, this is the rate for this part of Africa, but what we are focused on right now is the 18 important trading relationships.”

Following a move by Moody’s Ratings last week to downgrade the United States’ credit rating, Bessent called the service a “lagging indicator” during an appearance on NBC’s “Meet the Press.”

“I think that’s what everyone thinks of credit agencies,” he said, and asserted that the credit downgrade was in response to Biden fiscal policies.

In response to concerns about tariff costs being passed on to consumers, Trump has said large merchants like WalMart, which imports a significant amount of its merchandise from China, should instead absorb the price increases.

Bessent said Sunday that WalMart CEO Doug McMillion told him that the retail giant would “eat some of the tariffs” as it had done in previous years.

Bessent did not offer a specific date for the tariff imposition.

Source link