Cliff Notes – Trump’s tariffs, Putin’s Arctic, and penguins
- US correspondents Mark Stone and David Blevins addressed various topics, including the implications of Trump‘s “Liberation Day” tariffs on American consumers.
- The discussion also covered Trump’s relationship with Vladimir Putin and potential plans for the Arctic region, even mentioning an unexpected reference to penguins.
Day 77: Q&A – Trump’s tariffs, Putin’s Arctic, and penguins | Live US Tariff News
On Day 77, US President donald trumps second term we bring you the latest on everything from Trump’s “Liberation Day” tariffs and their impact on American consumers, to Trump’s relationship with Putin and if they have plans for the Arctic, and penguins.
More than 50 countries have contacted Trump to try to negotiate after he announced sweeping tariffs this week the US’s National Economic Council director, Kevin Hassett, says.
Indonesia and Taiwan say they won’t impose retaliatory tariffs while Israeli President Benjamin Netanyahu is heading to Washington DC to meet Trump for trade talks.
This comes after a 10% “baseline” tariff on most US imports kicked in yesterday
UK Prime Minister Keir Starmer warns “the world as we knew it has gone” and says the government is ready to step in to protect the British economy.
The EU stands ready to defend its interests through proportionate counter-measures if necessary, says European Commission President Ursula von der Leyen, according to a read out of a phone call with UK PM Keir Starmer.
During the call, she reaffirmed the EU’s commitment to engaging in negotiations with the US, and expressed her “deep concern” over Trump’s tariffs.
Experts warn the tariffs could push up prices for consumers, but Trump urges the US to “hang tough” after market turmoil.
Trump and Putin
Donald Trump’s new tariffs apply to almost every country on Earth. But not Russia.
Earlier, our Moscow correspondent reported that Russia sees this as an “important signal” towards better relations with the US.
But NEC director Kevin Hassett tells ABC News it was “not appropriate” to target Russia with new tariffs during negotiations over the war in Ukraine.
He also suggests the White House had not ruled out imposing tariffs on Moscow at a later date.
“I think the president made the decision not to conflate the two issues,” he says. “It doesn’t mean that Russia, in the fullness of time, is going to be treated wildly different than every other country.”
Antarctic outposts populated by penguins hit by tariffs
Two tiny, remote Antarctic outposts populated by penguins and seals are among the obscure places targeted by the Trump administration’s new tariffs.
Heard and McDonald Islands – a territory which sits 4,000km (2,485 miles) south-west of Australia – are only accessible via a seven-day boat trip from Perth, and haven’t been visited by humans in almost a decade.
President Trump on Wednesday unveiled a sweeping import tax scheme, in retaliation for what he said are unfair trade barriers on US products. The world economies are reacting and markets globally are tumbling, As British PM says the world has changed.
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