US President Donald Trump said he has no intention of creating exemptions on steel and aluminium tariffs and said reciprocal and sectoral tariffs will be imposed on April 2.
In February, Trump raised tariffs on imports of steel and aluminium to a flat 25 per cent, without exemptions or exceptions, in a move that was designed to help US industry while contributing to an escalating trade war.
Speaking to reporters on Air Force One, Trump said reciprocal duties on US trading partners would come alongside auto duties.
"In certain cases, both," Trump said when asked if he would be imposing sectoral and reciprocal tariffs on April 2. "They charge us, and we charge them. Then, in addition to that, on autos, on steel, on aluminium, we're going to have some additional," he said.
Trump has said previously that he would impose reciprocal tariffs on US friends and foes alike at the beginning of April.
Dubai's Roads and Transport Authority (RTA) has collected AED 4.42 billion in digital revenue in 2024, marking a 16 per cent growth compared to the previous year.
Eight OPEC+ countries meeting on Saturday have agreed to a further accelerated oil output hike for June of 411,000 barrels per day, two sources told Reuters while an online meeting of the countries was under way.
The UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC), Dr. Sultan bin Ahmed Al Jaber, visited Greece as the two countries enhance their comprehensive partnership.
Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, held talks with President of Global Markets at PayPal, Suzan Kereere, to collaborate within the dynamic digital payments landscape.
Enjoy your favourite music back to back commercial free, tune in to the Music Mix everyday from 1 until 2 for the music you love and the news updates you need
Enjoy your favourite music back to back commercial free, tune in to the Music Mix everyday from 1 until 2 for the music you love and the news updates you need
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?