Trump to escalate global trade tensions with new reciprocal tariffs on US trading partners

Trump to escalate global trade tensions with new reciprocal tariffs on US trading partners
US President Donald Trump holds an executive order about tariffs increase at the White House in Washington, D.C. on Feb. 13, 2025. Economists warn Trump’s hefty tariffs would raise prices at home and abroad and hammer the global economy. (Reuters)
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Updated 02 April 2025
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Trump to escalate global trade tensions with new reciprocal tariffs on US trading partners

Trump to escalate global trade tensions with new reciprocal tariffs on US trading partners
  • Details of Trump’s ‘Liberation Day’ tariff plans still being formulated and closely held ahead of an announcement ceremony
  • The new duties are due to take effect immediately after Trump announces them, White House spokesperson Karoline Leavitt said

WASHINGTON: US President Donald Trump was poised to impose sweeping new reciprocal tariffs on global trading partners on Wednesday, upending decades of rules-based trade, threatening cost increases and likely drawing retaliation from all sides.

Details of Trump’s “Liberation Day” tariff plans were still being formulated and closely held ahead of a White House Rose Garden announcement ceremony scheduled for 4 p.m. Eastern Time (2000 GMT).

The new duties are due to take effect immediately after Trump announces them, White House spokesperson Karoline Leavitt said on Tuesday, while a separate 25 percent global tariff on auto imports will take effect on April 3.

Trump for weeks has said his reciprocal tariff plans are a move to equalize generally lower US tariff rates with those charged by other countries and counteract their non-tariff barriers that disadvantage US exports. But the format of the duties was unclear amid reports that Trump was considering a 20 percent universal tariff.

A former Trump first-term trade official told Reuters that Trump was more likely to impose comprehensive tariff rates on individual countries at somewhat lower levels.

The former official added that the number of countries facing these duties would likely exceed the approximately 15 countries that Treasury Secretary Scott Bessent had previously said the administration was focused on due to their high trade surpluses with the US

Bessent told Republican House of Representatives lawmakers on Tuesday that the reciprocal tariffs represent a “cap” of the highest US tariff level that countries will face and could go down if they meet the administration’s demands, according to Republican Representative Kevin Hern.

Ryan Majerus, a former Commerce Department official, said that a universal tariff would be easier to implement given a constrained timeline and may generate more revenue, but individual reciprocal tariffs would be more tailored to countries’ unfair trade practices.

“Either way, the impacts of today’s announcement will be significant across a wide range of industries,” said Majerus, a partner at the King and Spalding law firm.

Stacking tariffs

In just over 10 weeks since taking office, the Republican president has already imposed new 20 percent duties on all imports from China over fentanyl and fully restored 25 percent duties on steel and aluminum, extending these to nearly $150 billion worth of downstream products. A month-long reprieve for most Canadian and Mexican goods from his 25 percent fentanyl-related tariffs also are due to expire on Wednesday.

Administration officials have said that all of Trump’s tariffs, including prior rates, are stacking, so a Mexican-built car previously charged 2.5 percent to enter the US would be subject to both the fentanyl tariffs and the autos sectoral tariffs, for a 52.5 percent tariff rate – plus any reciprocal tariff Trump may impose on Mexican goods.

Growing uncertainty over the duties is eroding investor, consumer and business confidence in ways that could slow activity and drive up prices.

Economists at the Federal Reserve Bank of Atlanta said a recent survey showed corporate financial chiefs expected tariffs to push their prices higher this year while cutting into hiring and growth.

Rattled investors have sold stocks aggressively for more than a month, wiping nearly $5 trillion off the value of US stocks since mid-February. Wall Street ended mixed on Tuesday with investors stuck in limbo awaiting details of Trump’s announcement on Wednesday.

Retaliatory measures

Trading partners from the European Union to Canada and Mexico have vowed to respond with retaliatory tariffs and other countermeasures, even as some have sought to negotiate with the White House.

Canadian Prime Minister Mark Carney and Mexican President Claudia Sheinbaum spoke on Tuesday about Canada’s plan to “fight unjustified trade actions” by the US, Carney’s office said.

“With challenging times ahead, Prime Minister Carney and President Sheinbaum emphasized the importance of safeguarding North American competitiveness while respecting the sovereignty of each nation,” Carney’s office said in a statement.

US companies say a “Buy Canadian” movement is already making it harder for their products to reach that country’s shelves.

Trump has argued that American workers and manufacturers have been hurt for decades by free-trade deals that have lowered barriers to global commerce and fueled the growth of a $3 trillion US market for imported goods.

The explosion of imports has come with what Trump sees as a glaring downside: Massively imbalanced trade between the US and the world, with a goods trade deficit that exceeds $1.2 trillion.

Economists warn his remedy – hefty tariffs – would raise prices at home and abroad and hammer the global economy. A 20 percent tariff on top of those already imposed would cost the average US household at least $3,400, according to the Yale University Budget Lab.


Bangladesh’s child marriage rate soars to highest in South Asia

Bangladesh’s child marriage rate soars to highest in South Asia
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Bangladesh’s child marriage rate soars to highest in South Asia

Bangladesh’s child marriage rate soars to highest in South Asia
  • 51 percent of Bangladeshi girls marry before age 18, according to UN
  • Rate is significantly lower in Afghanistan, India, and Pakistan

DHAKA: The child marriage rate continues to rise since the COVID-19 pandemic, experts warn, as the latest UN data shows that more than half of Bangladeshi women are married before reaching adulthood — the highest percentage in the whole South Asia.

Bangladesh has long had one of the world’s highest rates of child marriage and, unlike other countries in the region, for the past few years has seen the situation worsening.

According to the annual report of the UN Population Fund released last month, 51 percent of Bangladeshi girls are found to have been married before turning 18 — the legal age for marriage.

The rate was significantly lower, at 29 percent in nearby Afghanistan, 23 percent in India, and 18 percent in Pakistan.

“Among South Asian countries, we are in a poor position when it comes to child marriage rates, even though we perform better on some other gender-related indicators set by the UN,” Rasheda K. Chowdhury, social activist and executive director of the Campaign for Popular Education, told Arab News.

“Before the COVID-19 pandemic, the child marriage rate in the country was around 33 percent. At that time, we were not the worst in South Asia in this regard. However, the pandemic disrupted everything.”

Data from the Bangladesh Bureau of Statistics shows a steady increase in child marriage rates of several percent a year since 2020 — coinciding with coronavirus lockdowns, which exacerbated poverty, disrupted education, and increased household stress.

“Our research found that COVID-19 increased poverty, interrupted education for both boys and girls, and worsened malnutrition. In this context, many guardians from underprivileged communities chose to marry off their daughters in hopes of reducing the financial burden on their families,” Chowdhury said.

“Poverty is the primary driver of early marriages, as many guardians are unable to cope with household expenses. As a result, they often choose to marry off their daughters at a young age.”

Lack of women’s access to education is usually seen as the main reason behind high child marriage rates, but Bangladesh has the highest enrollment of girls in secondary school in the whole region.

“Bangladesh has invested much in infrastructure development rather than human development,” Chowdhury said.

“To prevent early marriages, society must play a crucial role. The government alone cannot act as a watchdog in every household. Local communities need to take initiative and actively work to stop child marriages.”

Azizul Haque, project manager at World Vision Bangladesh, also saw the problem as related to social awareness.

“In the villages and remotest parts of the country, girls are mostly considered a burden for the family, so the parents prefer to marry off the girls as soon as possible ... In many of the remotest areas, there are schools that provide education only up to class eight, so after the completion of their eighth grade in school, many of the girls have nothing to do at home. This situation also triggers the increase in child marriages,” he said.

“There is a huge lack of social awareness. At the national level, we need to strengthen the mass campaign conveying the demerits of early marriages, so that everyone becomes aware of the negative impacts.”

 


Saudi-funded university township opens in Sri Lanka’s rural northwest

Saudi-funded university township opens in Sri Lanka’s rural northwest
Updated 4 min 1 sec ago
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Saudi-funded university township opens in Sri Lanka’s rural northwest

Saudi-funded university township opens in Sri Lanka’s rural northwest
  • New university buildings and infrastructure in North Western Province to benefit 5,000 Sri Lankan students
  • Saudi Arabia was the only country that did not suspend developmental projects during Sri Lanka’s economic crisis, envoy says

COLOMBO: The Wayamba University township, financed by the Saudi Fund for Development, was opened to the public on Monday, marking the latest development initiative completed in Sri Lanka with Saudi assistance.

The $28 million project in Sri Lanka’s North Western Province covers new buildings, renovation of existing classrooms, and new equipment.

The ceremonial opening was attended by SFD CEO Sultan Abdulrahman Al-Marshad, Sri Lankan Parliament Deputy Speaker Rizvie Salih, and Saudi Ambassador Khalid Hamoud Al-Qahtani.

“We believe that building universities is not limited to constructing buildings only, but is the foundation for a brighter future and the building of bridges of understanding and knowledge between peoples,” Al-Qahtani told Arab News. 

“This project represents a model of what sincere developmental partnerships can achieve, based on respect and mutual cooperation, away from any agendas or conditions.”

Ameer Ajwad, Sri Lanka’s envoy to Saudi Arabia, said the project includes significant infrastructure development at the Kuliyapitiya and Makandura campuses of the Wayamba University of Sri Lanka, benefiting over 5,000 students of both campuses.

“The project is expected to boost the university’s capacity to provide quality education and contribute to the long-term economic and social development of the surrounding communities living in the region,” he told Arab News.

The SFD has been a long-term partner of Sri Lanka, completing crucial developments such as the Colombo Water Supply and Sewerage Project, which improved the capital city’s urban water supply and sanitation infrastructure and benefitted tens of thousands of households, as well as the Kinniya Bridge — Sri Lanka’s longest bridge — connecting Trincomalee and Kinniya across the Koddiyar Bay.

Among the SFD-financed initiatives are also the Neuro‑Trauma Unit of the Colombo National Hospital and the Epilepsy Hospital and Health Centre — a specialized 242-bed epilepsy facility, also in the capital.

“The Wayamba University township development project is Saudi Arabia’s 11th development project in Sri Lanka. There are three more ongoing projects. One of them is also an educational development project; the Saudi Fund for Development provided $50 million for the construction of a medical faculty at the Sabaragamuwa University of Sri Lanka,” Ajwad said.

“The Saudi Fund for Development continues to play a crucial role in advancing key development projects in Sri Lanka, especially educational, health and infrastructure projects. Saudi Arabia was the only country that did not suspend disbursement of its funds to Sri Lanka and continued to fund despite Sri Lanka’s recent economic downturn.”

 


Trump threatens Russia with tariffs if war on Ukraine isn’t resolved within 50 days

President Donald Trump speaks during the White House Faith Office luncheon in the State Dining Room, Monday, July 14, 2025. (AP)
President Donald Trump speaks during the White House Faith Office luncheon in the State Dining Room, Monday, July 14, 2025. (AP)
Updated 14 July 2025
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Trump threatens Russia with tariffs if war on Ukraine isn’t resolved within 50 days

President Donald Trump speaks during the White House Faith Office luncheon in the State Dining Room, Monday, July 14, 2025. (AP)
  • “We’re going to be doing very severe tariffs if we don’t have a deal in 50 days,” the Republican president said
  • He said they would be “secondary tariffs,” meaning they would target Russia’s trading partners in an effort to isolate Moscow in global economy

WASHINGTON: President Donald Trump said Monday he would punish Russia with tariffs if there isn’t a deal to end the war in Ukraine within 50 days, the latest example of his growing frustration with Russian President Vladimir Putin.

Trump made the announcement during an Oval Office meeting with NATO Secretary-General Mark Rutte.

“We’re going to be doing very severe tariffs if we don’t have a deal in 50 days,” the Republican president said. He said they would be “secondary tariffs,” meaning they would target Russia’s trading partners in an effort to isolate Moscow in the global economy. “I use trade for a lot of things,” Trump added. “But it’s great for settling wars.” Besides the tariff threat, Trump and Rutte discussed a rejuvenated pipeline for US weapons. European allies plan to buy military equipment and then transfer them to Ukraine. Trump said there would be “billions and billions” of dollars purchased.

Rutte said Germany, Finland, Canada, Norway, Sweden, the United Kingdom and Denmark would be among the buyers to supply Ukraine. He said “speed is of the essence here,” and he said the shipments should make Putin “reconsider” peace negotiations.

Trump exasperated with Putin

Trump has long boasted of his friendly relationship with Putin, and after taking office in January repeatedly said that Russia was more willing than Ukraine to reach a peace deal. At the same time, Trump accused Ukrainian President Volodymyr Zelensky of prolonging the war and called him a “dictator without elections.”

But Russia’s relentless onslaught against civilian areas of Ukraine wore down Trump’s patience. In April, Trump urged Putin to “STOP!” launching deadly barrages on Kyiv, and the following month said in a social media post that the Russian leader “has gone absolutely CRAZY!” as the bombardments continued.

“It just keeps going on and on and on,” Trump said on Monday. “Every night, people are dying.”

Meanwhile, Trump’s special envoy to Ukraine and Russia, retired Lt. Gen. Keith Kellogg, met with Zelensky in Kyiv on Monday.

Zelensky said he had “a productive conversation” with Kellogg about strengthening Ukrainian air defenses, joint arms production and purchasing US weapons in conjunction with European countries, as well as the possibility of tighter international sanctions on the Kremlin.

“We hope for the leadership of the United States, because it is clear that Moscow will not stop unless its ... ambitions are stopped by force,” Zelensky said on Telegram.

Talks on sending Patriot missiles

Russia has pounded Ukrainian cities, including the capital, Kyiv, with hundreds of drones and cruise and ballistic missiles that Ukraine’s air defenses are struggling to counter. June brought the highest monthly civilian casualties of the past three years, with 232 people killed and 1,343 wounded, the UN human rights mission in Ukraine said. Russia launched 10 times more drones and missiles in June than in the same month last year, it said.

At the same time, Russia’s bigger army is making a new effort to drive back Ukrainian defenders on parts of the 1,000-kilometer (620-mile) front line.

Trump confirmed the US is sending Ukraine more badly needed Patriot air defense missiles and that the European Union will pay the US for the “various pieces of very sophisticated” weaponry.

While the EU is not allowed under its treaties to buy weapons, individual EU member countries can and are, just as NATO member countries are buying and sending weapons.

Germany has offered to finance two Patriot systems, government spokesperson Stefan Kornelius said Monday in Berlin. As far as other European countries financing more systems is concerned, that would have to be seen in talks, he said.

German Defense Minister Boris Pistorius was traveling to Washington on Monday to meet with Defense Secretary Pete Hegseth.

Germany has already given three of its own Patriot systems to Ukraine, and Pistorius was quoted as saying in an interview with the Financial Times that it now has only six.

’Weapons flowing at a record level’

A top ally of Trump, Republican Sen. Lindsey Graham of South Carolina, said Sunday that the conflict is nearing an inflection point as Trump shows growing interest in helping Ukraine fight back against Russia’s full-scale invasion. It’s a cause that Trump had previously dismissed as being a waste of US taxpayer money.

“In the coming days, you’ll see weapons flowing at a record level to help Ukraine defend themselves,” Graham said on CBS’ “Face the Nation.” He added: “One of the biggest miscalculations Putin has made is to play Trump. And you just watch, in the coming days and weeks, there’s going to be a massive effort to get Putin to the table.”

Kirill Dmitriev, Putin’s envoy for international investment who took part in talks with US officials in Saudi Arabia in February, dismissed what he said were efforts to drive a wedge between Moscow and Washington.

“Constructive dialogue between Russia and the United States is more effective than doomed-to-fail attempts at pressure,” Dmitriev said in a post on Telegram. “This dialogue will continue, despite titanic efforts to disrupt it by all possible means.”


Four confirmed dead in small plane crash at London regional airport

A plume of black smoke rises from an area near the runway after a small plane crash.
A plume of black smoke rises from an area near the runway after a small plane crash.
Updated 14 July 2025
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Four confirmed dead in small plane crash at London regional airport

A plume of black smoke rises from an area near the runway after a small plane crash.
  • Video footage had shown a 12-meter (39-feet) plane in flames with a plume of black smoke at Southend-on-Sea

LONDON: Four people were killed when a small plane crashed at a London regional airport at the weekend, UK police said on Monday.

The plane went down around 4:00 p.m. (1500 GMT) on Sunday, shortly after departing London Southend airport in southeast England for the Netherlands.

“Sadly, we can now confirm that all four people on board died,” Essex Police chief superintendent Morgan Cronin told reporters.

“We are working to officially confirm their identities. At this stage, we believe all four are foreign nationals,” he added.

Cronin said the force was interviewing dozens of witnesses, and detectives and forensic teams were working to “build an accurate picture of what happened.”

He added that the airport “will remain closed until further notice.”

Video footage had shown a 12-meter (39-feet) plane in flames with a plume of black smoke at Southend-on-Sea.

Police evacuated a nearby golf club and rugby club as a precaution.

According to the BBC, the plane was a Beechcraft B200.

Southend-on-Sea is about 65 kilometers (40 miles) east of the capital, and its airport is the sixth largest in the London area.


Japanese FM offers support for Palestine in talk with Salameh

Japanese Foreign Minister IWAYA Takeshi met with Estephan Anton Salameh, Minister of Planning and International Cooperation.
Japanese Foreign Minister IWAYA Takeshi met with Estephan Anton Salameh, Minister of Planning and International Cooperation.
Updated 14 July 2025
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Japanese FM offers support for Palestine in talk with Salameh

Japanese Foreign Minister IWAYA Takeshi met with Estephan Anton Salameh, Minister of Planning and International Cooperation.
  • Iwaya reiterates Japan’s support for a two-state solution for Palestine and its commitment to assisting Palestinian state-building efforts

TOKYO: Japanese Foreign Minister IWAYA Takeshi met with Estephan Anton Salameh, Minister of Planning and International Cooperation of Palestine, at CEAPAD IV and expressed his hope that the conference would contribute to promoting CEAPAD’s objectives of expanding assistance to Palestine.

The Fourth Ministerial Meeting of the Conference on Cooperation among East Asian Countries for Palestinian Development (CEAPAD IV) was held in Kuala Lumpur and Foreign Minister Iwaya reiterated Japan’s support for a two-state solution for Palestine and its commitment to assisting Palestinian state-building efforts.

According to the Foreign Ministry in Tokyo, Minister Salameh expressed his appreciation for Japan’s continued support for Palestine, including through its initiatives such as CEAPAD. He also elaborated on the grave humanitarian situation in Gaza, stating that an immediate ceasefire is essential for advancing Palestinian development.

Iwaya expressed deep concern over the humanitarian situation in Gaza and stated that Japan has been calling for a ceasefire in Gaza as soon as possible.