Tuesday, April 8, 2025

Wall St rallies over trade deal hopes

Wall St has rallied over the possibility of the US president Donald
Trump agreeing to trade deals to avert some of the tariffs on
America's trading partners.

However, the US Treasury Secretary Scott Bessent has called China's
decision to impose retaliatory tariffs on the US a "big mistake".

Nick Harper reports from Washington.

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US GOVT PLANS TO FINE ILLEGAL MIGRANTS EACH DAY UNTIL THEY LEAVE

The U.S. government is planning to fine migrants who are ordered to leave the country - nearly a thousand dollars a day until they do.

That's according to a new report from Reuters, which notes it's a move former President Trump implemented during his first term in office.

Mitch McCann reports:

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​US Supreme Court greenlights Trump’s use of wartime power to deport migrants

The US Supreme Court will allow President Donald Trump to use a wartime power to rapidly deport alleged gang members - at least for now. The Alien Enemies Act of 1798 has only been invoked three other times in history - and always during war.  Toni Waterman has more.

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NUCLEAR TALKS SET FOR SATURDAY BETWEEN USA AND IRAN

Talks between Iran and the US are set to take place this Saturday in Oman. 

Tehran has confirmed its Foreign Minister will attend the meeting, after President Trump announced the talks Monday during a visit from Israeli Prime Minister Benjamin Netanyahu. 

From Tel Aviv, Trent Murray has more. 

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India's power consumption rises drastically due to extreme heat

India's electricity demand during the summer months of 2024 rose by more than 10% compared to the year before.

Experts say the rise from April to June was due to the increased use of air conditioning contributing to high energy consumption.

It comes as Delhi and other northern Indian states experience heatwave temperatures this week.

Sreoshi Mukherjee reports from the Indian capital...

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EU 25% Tariffs on U.S. Goods as Talks Stall


The EU is considering imposing 25 per cent tariffs on American products, after talks between European trade ministers on Monday.

EU officials had offered a "zero-for-zero" deal with Washington but U.S. President Donald Trump rejected the proposal as Pablo Gutierrez reports.


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French president visits Egypt-Gaza border region

The French president is visiting the Egyptian border region with Gaza on Tuesday, as part of a continuing tour focused on ending the fighting and supporting reconstruction in the Palestinian enclave.

Emmanuel Macron is visiting a hospital to speak with Palestinains injured in Israel's ongoing strikes on the territory.

He will also meet NGOs and UN agencies operating along the border with Gaza.

Ross Cullen reports.



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India discusses 'early resolution' of bilateral trade deal with US

In a sharp contrast to escalating tensions between the US and China, New Delhi has discussed the 'early resolution' of a bilateral trade deal with the US.

Donald Trump has repeatedly called India a 'tariff king' and slapped 26% reciprocal tariffs against the country, calling them 'discounted' taxes.

Neha Poonia has more.

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China vows to ‘fight to the end’ if US insists on new tariffs

INTRO: China has slammed the US for threatening to raise tariffs and pledged to retaliate if Washington follows through on its threat, raising the stakes of the trade war between the world's two largest economies.

The stock indexes of Hong Kong, Shanghai and Shenzhen rose when trading commenced on Tuesday, after several Chinese state funds stepped in to prop up the market, The Hong Kong Hang Seng index slumped more than 13% on Monday. Laura Westbrook reports.


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Monday, April 7, 2025

Trump says he won't pause tariffs but may be open to negotiation

US President Donald Trump has said he has no plans to pause global tariffs but said he was open to negotiation with some countries.

But he threatened a further 50 per cent tariff on China if it doesn't withdraw its retaliatory tariff by midday on Tuesday.


Kate fisher reports from Washington

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Trump administration asks Supreme Court to block return of mistakenly deported man

The Trump administration has asked the Supreme Court to block a court order requiring it to return a man who was mistakenly deported to a notorious prison in El Salvador.

A District Court Judge has given the administration until just before midnight Monday to facilitate Kilmar Abrego Garcia's return to the US.

Ira Spitzer reports.


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Pakistan intensifies its crackdown on Afghan refugees

Intro:

Pakistan is intensifying its crackdown on both illegal and legal Afghan residents, with thousands at risk of deportation.

Many are going into hiding, alleging mistreatment by the authorities.

The ongoing repatriation campaign has drawn criticism from the international community, with human rights organizations calling on Pakistan to halt the effort on humanitarian grounds.

Hira Mustafa has more.

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Trump threatens additional 50% tariff on China

US President Donald Trump has threatened to impose an additional 50%
tariff on China unless it drops its own retaliatory duties on the US.

It comes as the White House denied the suggestion a 90-day tariff
pause was imminent - a rumour that briefly pushed US markets into
positivity territory.

Nick Harper reports from Washington.

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​Second child dies of measles in Texas

An 8-year-old girl in Texas has become the second child to die from measles as an outbreak among unvaccinated children deepens. There are now more than 640 confirmed cases of the preventable disease across 22 states. Toni Waterman has more.

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Trump defends tariffs as countries look to do deals

US President Donald Trump has again defended his tariffs describing
them as a "very beautiful thing".

The White House says more than 50 countries have petitioned the
president to negotiate a deal to avoid the new levies.

Nick Harper reports from Washington.

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UK GOVERNMENT STEPS IN TO HELP AUTO MANUFACTURERS SURVIVE TRUMP TARIFFS

The UK government has changed environmental targets for the auto industry to help it survive U.S. President Donald Trump's new 25% tariff.

Electric vehicle sale targets will be relaxed, and companies will face lower fines for missing those targets.

Stuart Smith reports.

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Global Markets Tumble In Response to US Tariffs

Global markets plummeted on Monday after US President Donald Trump doubled down on a raft of tariffs he is labelling 'medicine', insisting foreign governments would have to pay "a lot of money" to lift them. 

Markets across Asia tumbled, with the Hong Kong market index suffering its biggest single day drop since 1997. China's foreign ministry spokesperson called the tariffs "protectionist bullying". 


European stocks have followed the trend, with the UK's FTSE 100 falling 6% within minutes of opening on Monday, and the pan-European STOXX 600 also falling by 5.8%. 


Alice Haine, financial analyst at London based financial company Bestinvest, says tariffs are sending shockwaves across the global economy.


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Ukraine calls for greater pressure on Russia after weekend attacks

Ukraine's President is calling on allies to increase pressure on
Russia following a barrage of missile strikes over the weekend.

Moscow launched more than 20 missiles and over a hundred drones in the
early hours of Sunday morning targeting six Ukrainian regions
including the capital.

William Denselow reports from Kyiv.


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India won't hit US with reciprocal tariffs

Indian officials have said the country is focused on finalising a bilateral trade with the US that it hopes will be ready by October.

Last week, US President Donald Trump announced tariffs of 26% for India - lower than what most other Asian economies will face.

Neha Poonia has more.

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Asian stocks tumble amid tariff-induced recession fears

Asian stocks extended their losses in morning trade on concerns that a trade war and US recession could be triggered by president Donald Trump's tariffs.

The benchmark Nikkei 225 fell almost 9 per cent in early trade.

Rebecca Bundhun reports.

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