Malaysia's Anwar to Discuss US Tariffs With Rubio on Thursday
'The relationship with US has to be maintained, but we will stress that Malaysia is a trading nation, we ask for consideration,' Anwar told reporters on Wednesday. 'When I meet Rubio tomorrow, I will certainly raise these issues for his consideration and also for him to take up for the final decision by President Trump.'
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Yahoo
23 minutes ago
- Yahoo
Factbox-Key elements of EU-U.S. trade deal agreed on Sunday
BRUSSELS (Reuters) -The U.S. and the European Union agreed on a framework trade deal on Sunday, ending months of uncertainty for industry and consumers on both sides of the Atlantic. Here are the main elements of the deal: * Almost all EU goods entering the U.S. will be subject to a 15% baseline tariff, including cars, which now face 27.5%, as well as semiconductors and pharmaceuticals. The 15% tariff is the maximum tariff and is not added to any existing rates. * However, the U.S. is to announce the result of its 232 trade investigations in two weeks and decide separately on tariff rates for chips and pharmaceuticals. Whatever U.S. decisions come later on these sectors will be "on a different sheet of paper", European Commission President Ursula von der Leyen said. * The U.S. and EU will have zero-for-zero tariffs on all aircraft and their components, certain chemicals, certain generic drugs, semiconductor equipment, some agricultural products, natural resources and critical raw materials. More products would be added. The situation for spirits is still to be established. * Tariffs on European steel and aluminium will stay at 50%, but von der Leyen said these would later be cut and replaced by a quota system. * The EU pledged to buy $250 billion of U.S. liquefied natural gas (LNG) a year for three years, totalling $750 billion in total, as it replaces Russian gas. The EU will also buy nuclear fuel from the U.S. * Under the deal, the EU pledged to buy U.S. military equipment and European companies are to invest $600 billion in the U.S. over the course of Trump's second term. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23 minutes ago
- Yahoo
Analysis-Out-gunned Europe accepts least-worst US trade deal
By Mark John LONDON (Reuters) -In the end, Europe found it lacked the leverage to pull Donald Trump's America into a trade pact on its terms and so has signed up to a deal it can just about stomach - albeit one that is clearly skewed in the U.S.'s favour. As such, Sunday's agreement on a blanket 15% tariff after a months-long stand-off is a reality check on the aspirations of the 27-country European Union to become an economic power able to stand up to the likes of the United States or China. The cold shower is all the more bracing given that the EU has long portrayed itself as an export superpower and champion of rules-based commerce for the benefit both of its own soft power and the global economy as a whole. For sure, the new tariff that will now be applied is a lot more digestible than the 30% "reciprocal" tariff which Trump threatened to invoke in a few days. While it should ensure Europe avoids recession, it will likely keep its economy in the doldrums: it sits somewhere between two tariff scenarios the European Central Bank last month forecast would mean 0.5-0.9% economic growth this year compared to just over 1% in a trade tension-free environment. But this is nonetheless a landing point that would have been scarcely imaginable only months ago in the pre-Trump 2.0 era, when the EU along with much of the world could count on U.S. tariffs averaging out at around 1.5%. Even when Britain agreed a baseline tariff of 10% with the United States back in May, EU officials were adamant they could do better and - convinced the bloc had the economic heft to square up to Trump - pushed for a "zero-for-zero" tariff pact. It took a few weeks of fruitless talks with their U.S. counterparts for the Europeans to accept that 10% was the best they could get and a few weeks more to take the same 15% baseline which the United States agreed with Japan last week. "The EU does not have more leverage than the U.S., and the Trump administration is not rushing things," said one senior official in a European capital who was being briefed on last week's negotiations as they closed in around the 15% level. That official and others pointed to the pressure from Europe's export-oriented businesses to clinch a deal and so ease the levels of uncertainty starting to hit businesses from Finland's Nokia to Swedish steelmaker SSAB. "We were dealt a bad hand. This deal is the best possible play under the circumstances," said one EU diplomat. "Recent months have clearly shown how damaging uncertainty in global trade is for European businesses." NOW WHAT? That imbalance - or what the trade negotiators have been calling "asymmetry" - is manifest in the final deal. Not only is it expected that the EU will now call off any retaliation and remain open to U.S. goods on existing terms, but it has also pledged $600 billion of investment in the United States. The time-frame for that remains undefined, as do other details of the accord for now. As talks unfolded, it became clear that the EU came to the conclusion it had more to lose from all-out confrontation. The retaliatory measures it threatened totalled some 93 billion euros - less than half its U.S. goods trade surplus of nearly 200 billion euros. True, a growing number of EU capitals were also ready to envisage wide-ranging anti-coercion measures that would have allowed the bloc to target the services trade in which the United States had a surplus of some $75 billion last year. But even then, there was no clear majority for targeting the U.S. digital services which European citizens enjoy and for which there are scant homegrown alternatives - from Netflix to Uber to Microsoft cloud services. It remains to be seen whether this will encourage European leaders to accelerate the economic reforms and diversification of trading allies to which they have long paid lip service but which have been held back by national divisions. Describing the deal as a painful compromise that was an "existential threat" for many of its members, Germany's BGA wholesale and export association said it was time for Europe to reduce its reliance on its biggest trading partner. "Let's look on the past months as a wake-up call," said BGA President Dirk Jandura. "Europe must now prepare itself strategically for the future - we need new trade deals with the biggest industrial powers of the world." (Additional reporting by Jan Strupczewski in Brussels; Christian Kraemer and Maria Martinez in Berlin; Writing by Mark John; Editing by Nick Zieminski) Sign in to access your portfolio
New York Post
25 minutes ago
- New York Post
Heavily armored ‘Golf Force One' debuts as it trails Trump on the Scottish links less than a year after assassination attempt
President Trump's security team has debuted what appears to be a heavily armored golf cart 10 months after a would-be assassin aimed an SKS-style rifle toward him at his West Palm Beach tee resort. As the president played at the Trump Turnberry course in South Ayrshire, Scotland, this weekend, an imposing, apparently heavily fortified black vehicle followed close behind — with security experts saying it bears all the hallmarks of an armor-reinforced golf cart in the mold of Trump's official limo, a k a 'The Beast.' Trump drove a standard white golf cart as he played, but the bulky silhouette of the latest addition to his security fleet — which appears to be a modified Polaris Ranger XP — stood out like a sore thumb on the course. 7 A heavily armored golf car seen following President Trump during a round on his Trump Turnberry course in South Ayrshire, Scotland on July 26, 2025. Stuart Wallace/Shutterstock 7 Trump waving from a traditional golf cart at Turnberry on July 27, 2025. AFP via Getty Images 'Just looking at the front windscreen, that looks armored,' said Gary Relf, director of Armoured Car Services, to The Telegraph. Relf said that while it's difficult to ascertain exactly which elements have been reinforced, noting companies such as his often remove and discreetly replace nearly every interior element with armor plating, the vehicle's darkened front windscreen featuring black banding is a dead giveaway that something major is afoot with it. 'From those photos, that is 100% armored,' he told the outlet. 'The windscreen is a giveaway, as are the side panels, doors and the large panel at the rear above the load tray.' He said the vehicle appeared to be kitted out for 'defensive, not offensive' purposes and claimed the tinted windows could indicate a robust transparent armor has been added. 7 According to experts, the new armored cart appears to be modeled after Trump's official limousine — known as 'The Beast.' TOLGA AKMEN/EPA/Shutterstock 7 The new special golf cart comes after an assassination attempt from suspect Ryan Routh last September on one of Trump's golf courses in Florida. Getty Images 'The thicker the transparent armoring, the more tinted the window looks,' he said. Relf said it was likely the modifications would likely be designed to keep the vehicle as secure as possible while remaining lightweight enough to avoid damaging grass on the course. A Secret Service spokesman wouldn't confirm or deny whether the cart is armored or part of Trump's security apparatus, telling the outlet that the agency doesn't discuss the specific means and methods it deploys to protect the president. 7 Police snipers positioned on the roof of the Trump Turnberry hotel on July 27, 2025. Photo by7 A sniper on the Turnberry course near other golfers. AFP via Getty Images But stepped-up hardware to protect Trump on the golf course would not be unexpected given his surviving a pair of assassination attempts last year. On Sept. 15, Ryan Routh, 59, trained a rifle styled after a Soviet-designed semiautomatic at Trump's security detail as the president walked along the fifth hole at the Trump International Golf Club in Florida. Agents spotted Routh during a sweep of the sixth hole, where the suspect had obscured his location in heavy brush some 400 yards from the president, and fired a shot at him, at which point he ditched his weapon and fled in a Nissan SUV. 7 Trump taking a swing during his Sunday golf round. Getty Images Less than an hour later, Routh was apprehended during a traffic stop and charged with the attempted assassination of Trump. Two months earlier, Trump survived another assassination attempt at a campaign rally in Butler, Pa., carried out by 20-year-old Thomas Matthew Crooks. Crooks perched on the rooftop of a building just outside the Butler fairgrounds and opened fire with an AR-style rifle, nicking Trump's ear, seriously wounding an audience member and killing former firefighter Corey Comperatore. Crooks was taken out by a counter-sniper team moments after firing.
