logo
Israel to carry out airstrikes on Yemen, issues evacuation orders

Israel to carry out airstrikes on Yemen, issues evacuation orders

Irish Times13 hours ago
The
Israeli military
issued on Sunday an evacuation warning for people at three Yemeni ports, saying it will strike those areas due to military activities being conducted there.
In a statement, the military's Arabic-language spokesperson Avichay Adraee identified those places as the ports of Hodeidah, Ras Isa and Salif, as well as the Hodeidah power station.
Earlier, crew members aboard a Liberian-flagged ship set ablaze by a series of attacks in the Red Sea abandoned the vessel after it took on water.
The attack marks the first serious assault in the vital corridor for trade after a months-long campaign by Yemen's Houthi rebels there.
READ MORE
Suspicion for the attack on the Greek-owned bulk carrier Magic Seas immediately fell on the Houthis, particularly as a security firm said it appeared bomb-carrying drone boats hit the ship after it was targeted by small arms and rocket-propelled grenades.
A renewed Houthi campaign against shipping could again draw in US and Western forces to the area, particularly after US president
Donald Trump
targeted the rebels in a major air strike campaign.
And it comes at a sensitive moment in the Middle East, as a possible ceasefire in the
Israel-Hamas
war hangs in the balance and as Iran weighs whether to restart negotiations over its nuclear programme following US air strikes targeting its most-sensitive atomic sites amid an Israeli war against the Islamic Republic. - Agencies
More to follow...
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Donald Trump to send 'tariff letters' to countries from today
Donald Trump to send 'tariff letters' to countries from today

The Journal

time34 minutes ago

  • The Journal

Donald Trump to send 'tariff letters' to countries from today

THE US WILL begin to send letters to countries it intends to place blanket tariffs on before President Donald Trump's 9 July deal deadline. In a post to his social media platform, Trump said that letters and the conditions of any deals that have been reached will be sent to countries from 5pm (Irish Time) today. 'I am please to announced that the United States tariff letters, and/or deals, with various countries from around the world, will be delivered starting 12pm (Eastern), Monday, July 7th,' Trump wrote. Most countries have been slapped with a 10% tariff on exported goods by the US under Trump's levy programme. He told reporters yesterday that up to 15 countries may receive letters from today. US Commerce Secretary Howard Lutnick has said, however, that higher tariffs would kick in on 1 August but denied that it was a way of delaying the deadline. Treasury Secretary Scott Bessent also denied that the White House was backing down. It comes as the EU is racing to reach a deal with the US ahead of Wednesday, as the threat of potentially a 50% tariff on European goods looms over negotiators . Advertisement So far, the Trump administration has only reached deals with the UK and Vietnam, while Washington and China agreed to temporarily lower high levies on each other's products. Should a mutual agreement not be reached, the EU has said it will impose its countermeasures on the US on 14 July. Trade commissioner Maroš Šefčovič returned to Brussels on Friday and confirmed that the EU has yet to reach a deal . The EU has sought to maintain a 0% tariff rate between its member states and the US. While this stance is supported by the Irish government, trade minister and Tánaiste Simon Harris has said that businesses should operate under the assumption that a 10% tariff is the 'new norm'. Harris today is set to be briefed by officials and speak with Šefčovič before briefing ministers on the latest trade developments at a cabinet meeting tomorrow, in 'final push' efforts to reach a deal. 'Tariffs are bad for consumers, jobs, economic growth and investment. As I have been saying for some time, the uncertainty is also bad for economic confidence and Irish businesses seeking clarity on the trading environment in which they operate,' he said. It is unclear if the EU will be successful in reaching its demands. There are serious concerns that the US's response to the European countermeasures could impact Ireland's lucrative aviation, pharma, drinks and agri-food industries Readers like you are keeping these stories free for everyone... A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation. Learn More Support The Journal

Irish distilleries are running dry as Trump's trade war hits exports
Irish distilleries are running dry as Trump's trade war hits exports

Extra.ie​

timean hour ago

  • Extra.ie​

Irish distilleries are running dry as Trump's trade war hits exports

Irish distilleries are running dry as Donald Trump's trade war hits exports, stakeholders have warned. Dennis O'Flynn, director of Clonakilty Distillery and vicechair of the Irish Whiskey Association, yesterday warned that 90% of distilling capacity is now on hold. The EU and US are yet to reach a trade agreement ahead of Wednesday's deadline, and as a result, most whiskey distilleries in Ireland have had to halt production. Irish whiskey is a billion-dollar industry, but the US represents more than 50% of its export market. Denis O'Flynn of Clonakilty Distillery. Pic: Supplied The White House introduced tariffs of 10% in April, and President Trump has threatened rates of between 20 and 50% should a trade agreement not be reached this week. Cabinet members have warned the 10% baseline may remain even if a deal is made. Mr O'Flynn said that even this scenario would pose an unacceptable risk to the sector in Ireland. He added: 'We can't have a concept of 10% as a new norm; it's not a new norm, it is hurting and already affecting the industry'. Pic: Shutterstock Mr O'Flynn explained that when selling a bottle of whiskey to the US, a 10% tariff brings the price of a $30 bottle to $35, but a 20% tariff could raise it to $40. He has called on the Government to ensure the Irish whiskey industry is exempt from US tariffs. He said that if the purpose of tariffs is to bring jobs back to America, 'the only effect of tariffs on Irish whiskey is punitive'. Mr O'Flynn pointed out that by law, Irish whiskey must be produced in Ireland, the same way American bourbon must be produced in America. He told RTÉ's This Week yesterday: 'It's not like we can move over to the US, we can't by law.' Minister for Enterprise Peter Burke said the Government hopes 'to get carve-outs for certain sectors that are strategically important for Europe and indeed the Irish economy, that we could have zero for zero in certain areas or at least most favoured nation status'. Mr Burke did admit, however, that as it stands, the Government was 'still very much in the dark on what way the framework will land'. The Fine Gael TD said the best-case scenario in the EU-US trade talks is that by tomorrow evening, the Government will have 'at minimum' a framework that would 'deliver a pathway for further negotiations'. Mr O'Flynn also stated that there were concerns around employment, saying: 'You will absolutely have direct effects.' The broader drinks industry employs over 10,000 people in Ireland. Mr O'Flynn went on to say that for the future, 'clearly we've got to look outside of the US'.

Trump says US nears trade deals as tariff deadline delayed
Trump says US nears trade deals as tariff deadline delayed

Irish Times

time3 hours ago

  • Irish Times

Trump says US nears trade deals as tariff deadline delayed

The United States is close to finalising several trade pacts in coming days and will notify other countries of higher tariff rates by July 9th, President Donald Trump said on Sunday, with the higher rates set to take effect on August 1st. Since taking office, Mr Trump has set off a global trade war that has roiled financial markets and sent policymakers scrambling to protect their economies, through efforts such as deals with the United States and other countries. In April, Mr Trump unveiled a base tariff rate of 10 per cent on most countries and additional duties ranging up to 50 per cent, although he later delayed the effective date for all but 10 per cent until July 9th. The new date offers countries a three-week reprieve. Mr Trump, whose remarks to reporters on Sunday came just before his return to Washington from a weekend golfing in New Jersey, had flagged the August 1st date earlier, but it was unclear if all tariffs would increase then. READ MORE Asked to clarify, commerce secretary Howard Lutnick told reporters the higher tariffs would take effect on August 1st, but Mr Trump was 'setting the rates and the deals right now'. In a posting on his Truth Social website, Trump later said the US would start delivering tariff letters from noon US eastern time on Monday. In a separate post, he rolled out a new tariff policy, calling for countries 'aligning themselves with the anti-American policies' of the Brics developing nations to be charged an extra 10 per cent tariff, with no exceptions to be granted. Brics includes Brazil, China, India and Russia, South Africa, Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia and the United Arab Emirates. Mr Trump has close ties to leaders of some of those countries, such as Saudi Arabia and UAE, and has been touting the prospect of a trade deal with India for weeks. On Sunday, Brics leaders condemned attacks on Gaza and Iran, called for reforms to global institutions and warned that the rise in tariffs threatened global trade. It was not immediately clear if Mr Trump's latest tariff threat would derail trade talks with India, Indonesia and other Brics nations, however. Earlier on Sunday, US treasury secretary Scott Bessent told CNN's State of the Union that several big trade agreements would be announced in the next few days, adding that talks with the European Union had made good progress. Mr Trump would also send letters to 100 smaller countries with which the United States does not have much trade, notifying them of higher tariff rates, he added. 'President Trump's going to be sending letters to some of our trading partners saying that if you don't move things along, then on August 1st you will boomerang back to your April 2nd tariff level,' Mr Bessent said. 'So I think we're going to see a lot of deals very quickly.' Kevin Hassett, who heads the White House National Economic Council, told CBS's Face the Nation programme there might be wiggle room for countries engaged in earnest negotiations. 'There are deadlines, and there are things that are close, and so maybe things will push back past the deadline,' Mr Hassett said, adding that Mr Trump would decide. Stephen Miran, chairman of the White House Council of Economic Advisers, told ABC News' This Week programme that countries needed to make concessions to get lower tariff rates. 'I hear good things about the talks with Europe. I hear good things about the talks with India,' Mr Miran said. 'And so I would expect that a number of countries that are in the process of making those concessions ... might see their date rolled.' Mr Bessent told CNN the Trump administration was focused on 18 important trading partners that account for 95 per cent of the US trade deficit. But he said there had been 'a lot of foot-dragging' among countries in finalising trade deals. Thailand, keen to avert a 36 per cent tariff, is now offering greater market access for US farm and industrial goods and more purchases of US energy and Boeing jets, finance minister Pichai Chunhavajira told Bloomberg News on Sunday. India and the United States are likely to make a final decision on a mini trade deal in the next 24 to 48 hours, local Indian news channel CNBC-TV18 reported on Sunday, with average tariffs of 10 per cent on Indian goods shipped to the US, it said. Mr Hassett told CBS News that framework agreements already reached with Britain and Vietnam offered guidelines for other countries. He said Mr Trump's pressure was prompting countries to move production to the United States. The Vietnam deal was 'fantastic', Mr Miran said. 'It's extremely one-sided. We get to apply a significant tariff to Vietnamese exports. They're opening their markets to ours, applying zero tariff to our exports.' – Reuters

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store