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.
The Indian state of Maharashtra has suspended the licences of four Domino's outlets after reporting grease residue in pizza-making machines and insect infestations, the latest move in an intensifying crackdown by food regulators.
XRG, ADNOC’s international energy investment company, has announced its entry into Venezuela through the award of the offshore Loran licence, and the transfer of interest in the licence by PDVSA Gas.
Venture capitalist Joshua Kushner and former Disney CEO Bob Iger are set to purchase the Los Angeles Lakers, with the deal valued at a record $12.5 billion, according to sources familiar with the matter on Wednesday.
The chairman of India's largest conglomerate Tata Sons will not seek reappointment, he said, citing the board's lack of backing after tensions with the charitable arm that controls the group.
Passengers flying to Dubai through Emirates can now change their travel dates free of charge in an unlimited capacity under a new measure announced by the airline to offer greater flexibility.
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