Trump eases auto tariffs burden as Lutnick touts first foreign trade deal

Trump eases auto tariffs burden as Lutnick touts first foreign trade deal
US President Donald Trump delivers his 100th Day in office achievement speech at Macomb County Community College Sports Expo Center in Warren, Michigan, on April 29, 2025. (AFP)
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Updated 30 April 2025
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Trump eases auto tariffs burden as Lutnick touts first foreign trade deal

Trump eases auto tariffs burden as Lutnick touts first foreign trade deal

WASHINGTON/DETROIT: US President Donald Trump signed a pair of orders to soften the blow of his auto tariffs on Tuesday with a mix of credits and relief from other levies on materials, and his trade team touted its first deal with a foreign trading partner.
The developments helped eased some investor worries about the erratic trade policies of Trump as the president visited Michigan, a cradle of the US auto industry, just days before a fresh set of 25 percent import taxes was set to kick in on automotive components.
The trip, on the eve of his 100th day in office, came as Americans take an increasingly dim view of Trump’s economic stewardship, with indications his tariffs will weigh on growth and could drive up inflation and unemployment.
In his latest partial reversal of tariff policies, the Republican president agreed to give carmakers two years to boost the percentage of domestic components in vehicles assembled domestically.
It will allow them to offset tariffs for imported auto parts used in US-assembled vehicles equal to 3.75 percent of the total value of the Manufacturer’s Suggested Retail Price of vehicles they build in the US through April 2026, and 2.5 percent of US production through April 30, 2027.
Auto industry leaders had lobbied the administration furiously during the weeks since Trump first unveiled his 25 percent tariffs on imported vehicles and auto parts. The levies, aimed at forcing automakers to reshore manufacturing domestically, had threatened to scramble a North American automotive production network integrated across the US, Canada and Mexico.
It offers the industry a “little relief” as companies invest in more US production, Trump said as he left Washington for Michigan. “We just wanted to help them ... if they can’t get parts, we didn’t want to penalize them.”
The White House said the change will not affect the 25 percent tariffs imposed last month on the 8 million vehicles the United States imports annually.
Autos Drive America, a group representing Toyota Motor, Volkswagen, Hyundai and nine other foreign automakers, said Trump’s order provided some relief “but more must be done in order to turbocharge the US auto industry.”

MORE TARIFF UNCERTAINTY

Candace Laing, president of the Canadian Chamber of Commerce, said the tariff fix fell short of what companies in the deeply integrated North American industry needed.
“Only an end to tariffs provides real relief. Ongoing ups and downs perpetuate uncertainty, and uncertainty drives away business for both Canada and the U.S,” she said in a statement.
The uncertainty unleashed across the auto sector by Trump’s tariffs remained on full display Tuesday when GM pulled its annual forecast even as it reported strong quarterly sales and profit. In an unusual move, the carmaker also opted to delay a scheduled conference call with analysts until later in the week, after the details of tariff changes were known.
Meanwhile, US Commerce Secretary Howard Lutnick told CNBC he had reached a deal with one foreign power that should permanently ease the “reciprocal” tariffs Trump plans to impose. Lutnick declined to identify the country, saying the deal was pending local approvals.
“I have a deal done ... but I need to wait for their prime minister and their parliament to give its approval,” he said.
White House officials had no further comment on the country in question, but Trump struck an upbeat tone about a deal with India, telling reporters: “India is coming along great. I think we’ll have a deal with India.”
Lutnick’s comments helped further lift stock prices that had been battered by Trump’s moves to reshape global trade and force goods makers to shift production to the US. The benchmark S&P 500 Index closed 0.6 percent higher for a sixth day of gains, its longest streak of gains since November.

WRONG ON EVERY PREDICTION

Trump and his team aim to strike 90 trade deals during a 90-day pause on his reciprocal tariffs announced earlier in April. His administration has repeatedly said it was negotiating bilateral trade deals with dozens of countries.
A chief Trump goal is to bring down a massive US goods trade deficit, which shot to a record in March on a surge of imports aimed at front-running the levies.
Trump’s aggressive trade stance has cascaded through the global economy since his return to office in January, and the 90-day pause was unveiled after fears of recession and inflation sent financial markets into a tailspin.
Easing the impact of auto levies is Trump’s latest move to show flexibility on tariffs which have sown turmoil in financial markets, created uncertainty for businesses and sparked fears of a sharp economic slowdown. A Reuters/Ipsos poll published Tuesday showed just 36 percent of respondents approve of his economic stewardship, the lowest level in his current term or in his 2017-2021 presidency.
Meanwhile, the US will release the first quarterly report on US gross domestic product during Trump’s term on Wednesday. It is expected to reflect a large drag from his tariffs, mostly from a record surge in imports as companies and consumers front-loaded purchases of foreign goods to try to beat the new levies. The economy is expected to have expanded at a 0.3 percent annualized rate from January through March, according to a Reuters poll of economists, down from 2.4 percent in the final three months of 2024.
American and global companies are increasingly sounding the alarm about the tariffs’ effects on their ability to plan.
UPS on Tuesday said it would cut 20,000 jobs to lower costs, while US ketchup maker Kraft Heinz and Swedish appliances maker Electrolux were among companies citing tariff headwinds.
About 40 companies worldwide have pulled or lowered their forward guidance in the first two weeks of first-quarter earnings season, a Reuters analysis showed.
“Every single prediction has been proved to be wrong,” Yannick Fierling, Electrolux CEO, told Reuters. “I’m surprised if people are claiming they have a view where tariffs are going.” 


Hungarian opposition leader Magyar walks to Romania, courting ethnic Hungarians

Updated 10 sec ago
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Hungarian opposition leader Magyar walks to Romania, courting ethnic Hungarians

Hungarian opposition leader Magyar walks to Romania, courting ethnic Hungarians
BUDAPEST: Hungarian opposition leader Peter Magyar walked across the border to Romania on Saturday after a week-long journey, in a attempt to win support of the ethnic Hungarians in Romania and appeal to conservative voters in the run-up to the 2026 elections.
Magyar’s center-right Tisza party emerged last year to mount the most serious challenge to nationalist Prime Minister Viktor Orban since he rose to power in 2010.
Most opinion polls now put Tisza ahead of Orban’s Fidesz party with the next parliamentary elections due in early 2026. No date has been set yet.
Carrying Hungary’s national flag, Magyar walked across the border on Saturday morning with a group of supporters.
“We are not going (to Romania) to escalate tensions or to cause any harm to our Hungarian brothers and sisters living there. We are going there to express our solidarity,” Magyar said on May 14 when he set out on foot in hiking gear.
On his way to the border, Magyar stopped in small towns to talk to rural voters, who have traditionally supported conservative Orban.
Orban’s government provides financial support to ethnic Hungarian communities in Romania and in 2014 granted the right to vote to Hungarians living abroad. In the last election in 2022 94 percent of these voters supported Fidesz.
The latest poll by the Publicus think tank, published on Friday, showed Tisza with 43 percent support among decided voters in Hungary while Fidesz had 36 percent.
Magyar announced his march on May 12 after Orban flagged he could cooperate with Romanian hard-right presidential candidate George Simion ahead of the May 18 election there.
The RMDSZ party representing ethnic Hungarians in Romania, said Simion’s win would pose a threat to minorities’ rights and urged its voters to support centrist Nicusor Dan who ended up winning the vote.

'Seventh heaven': Tears and laughter as Ukrainian POWs return

'Seventh heaven': Tears and laughter as Ukrainian POWs return
Updated 31 min 9 sec ago
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'Seventh heaven': Tears and laughter as Ukrainian POWs return

'Seventh heaven': Tears and laughter as Ukrainian POWs return
  • A number of Ukrainian detainees are released following a prisoner exchange agreement between Ukraine and Russia in Türkiye last week.
  • Former detainees recount stories of mistreatment and torture in Russian captivity.

CHERNIGIV: Waxy and emaciated, Konstantin Steblev spoke to his mother for the first time in three years after being released as part of the biggest ever prisoner swap between Russia and Ukraine.
“Hello mum, how are you?,” the 31-year-old soldier said, moments after stepping back onto Ukrainian soil on Friday.
“I love you. Don’t be sad. It wasn’t my fault. I promised I would come back safe and sound,” he said, smiling but with watery eyes.
Steblev, who was captured at the start of Russia’s invasion, was one of 390 military and civilian prisoners released in exchange for 390 sent back to Russia.
More swaps are expected on Saturday and Sunday to bring the total to 1,000 for 1,000 as agreed in talks between Russia and Ukraine in Istanbul last week.
Steblev arrived with the other former captives by coach at a local hospital where hundreds of relatives were waiting, shouting, crying and singing “Congratulations!“
During the journey back to Ukraine, Steblev told AFP he experienced “indescribable” emotions.
“It’s simply crazy. Crazy feelings,” he said.


During his years of captivity, Steblev said he managed to keep going thanks to his wife.
“She knows I am strong and that I am not going to give up just like that,” he said, adding that now he just wants to be with his family.
“It’s my absolute priority,” he said.
After that, he said it would be up to his wife to decide on the next steps.
“She will tell me and will show me how to act in future,” he said.
Thin, tired and looking slightly lost, the freshly released prisoners filed into a local hospital for medical checks.
But Olena and Oleksandr stayed outside, locked in a tight embrace despite the cameras pointed at them.
They said they had not seen each other in 22 months since Oleksandr was captured by Russia.
“I am in seventh heaven,” the 45-year-old said in his wife’s arms.
He said his dream now was to “eat... eat and spend time with my family.”


As the buses arrived at the hospital, relatives of soldiers who are still in prison ran toward the freed men to show them images of their loved ones and ask if they had seen them during their captivity.
Some women walked away crying when they failed to get any news.
Some know that their relatives are jailed but others have no news at all and desperately hope for any scrap of information.
Moments after being reunited with her husband Andriy after three years apart, Elia, 33, embraced the tearful mother of a soldier who had no news about her son.
When she saw her husband, Elia said her “heart was beating out of my chest” and she cried with joy.
“I have been waiting so long for this,” she said.
Several former prisoners of war interviewed by AFP in the past have spoken of harsh conditions and torture in Russian prisons.
Elia is now thinking about the future and about having a child with her husband.
But she said she knew that the path to rehabilitation would be a long one for him.
“He has an empty stare but I know they did not break him. The guys with him told me he was very strong,” she said.


Pope takes message of dialogue, unity to the Curia

Pope takes message of dialogue, unity to the Curia
Updated 51 min 54 sec ago
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Pope takes message of dialogue, unity to the Curia

Pope takes message of dialogue, unity to the Curia
  • Pope Leo XIV promotes dialogue and building bridges to the Roman Curia in his first meeting with the Church's governing body.
  • Pope Leo XIV urges people to welcome “with open arms, everyone who needs our charity, our presence, dialogue and love.”

VATICAN: Pope Leo XIV took his message of building bridges and promoting dialogue to the Roman Curia on Saturday, in his first audience with members of the Catholic Church’s governing body.
The late Pope Francis had sometimes difficult relations with the Curia and Vatican officials, accusing them early in his papacy of “spiritual Alzheimer’s” and a lust for power.
The new pontiff, the first from the United States, said Saturday that his inaugural meeting was an opportunity to say thanks for all their work.
“Popes come and go, the Curia remains,” Leo told the audience of officials, staff and their families in the Vatican’s vast Paul VI hall.
He repeated his first words from St. Peter’s Basilica when he became pope on May 8, where he urged people to “build bridges” and to welcome “with open arms, everyone who needs our charity, our presence, dialogue and love.”
“If we must all cooperate in the great cause of unity and love, let us try to do so first of all with our behavior in everyday situations, starting from the work environment,” the pope said.
“Everyone can be a builder of unity with their attitudes toward colleagues, overcoming inevitable misunderstandings with patience and humility, putting themselves in the shoes of others, avoiding prejudices, and also with a good dose of humor, as Pope Francis taught us.”
From decentralising power and increasing transparency to providing greater roles for lay people and women, Francis implemented several reforms of the Roman Curia.
But his criticism left a lasting impression among many officials, and he also drew accusations of being too authoritarian in his governance, regularly bypassing the administrative bodies of the Holy See.
In 2024, the Vatican — where trade unions are not recognized — also saw an unprecedented strike by around 50 employees of the Vatican Museums over their working conditions.
The pope spent two decades working in Peru but for the past two years was head of the Vatican department responsible for appointing bishops worldwide.


US ‘deeply concerned’ over activists’ treatment in Tanzania

US ‘deeply concerned’ over activists’ treatment in Tanzania
Updated 24 May 2025
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US ‘deeply concerned’ over activists’ treatment in Tanzania

US ‘deeply concerned’ over activists’ treatment in Tanzania
  • Prominent East African activists are facing detention and torture following government crackdown on dissent in Uganda and Tanzania.
  • The United States voiced its concern over the mistreatment of several activists and called for an investigation into human rights abuses.

NAIROBI: The United States expressed concern Saturday over the “mistreatment” of two east African activists in Tanzania, days after they were detained and reportedly tortured.
Prominent campaigners Boniface Mwangi of Kenya and Agather Atuhaire of Uganda traveled to Tanzania this week in solidarity with detained opposition leader Tundu Lissu ahead of his court hearing on charges of treason, which carries a potential death penalty.
But they themselves were detained before being deported and then found abandoned near the Tanzanian border.
Mwangi and rights groups allege that both were tortured while held “incommunicado” for days.
The US Bureau of African Affairs said on X it was “deeply concerned by reports of the mistreatment” of Atuhaire and Mwangi while in Tanzania.
“We call for an immediate and full investigation into the allegations of human rights abuses,” it said, urging “all countries in the region to hold to account those responsible for violating human rights, including torture.”
Atuhaire received in 2023 the EU Human Rights Defender Award for her work in Uganda and was honored last year with the International Women of Courage Award by former US First Lady Jill Biden.
Mwangi is a longtime critic of the Kenyan government, frequently denouncing instances of alleged injustice and rights abuses.
Human rights groups say Tanzania and neighboring Uganda have accelerated crackdowns on opponents and dissidents as they prepare for presidential elections in the next seven months.
But Tanzanian President Samia Suluhu Hassan has slammed what she called interference in the country’s affairs and had urged security services “not to allow ill-mannered individuals from other countries to cross the line here.”


India’s monsoon rains arrive eight days early, says weather bureau

India’s monsoon rains arrive eight days early, says weather bureau
Updated 24 May 2025
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India’s monsoon rains arrive eight days early, says weather bureau

India’s monsoon rains arrive eight days early, says weather bureau
  • Summer rains, critical for economic growth in Asia’s third-largest economy, usually begin to lash Kerala around June 1

MUMBAI: Monsoon rains hit the coast of India’s southernmost state of Kerala on Saturday, eight days earlier than usual, the weather office said, offering respite from a grueling heat wave while boosting prospects for bumper harvests.

Summer rains, critical for economic growth in Asia’s third-largest economy, usually begin to lash Kerala around June 1 before spreading nationwide by mid-July, allowing farmers to plant crops such as rice, corn, cotton, soybeans and sugarcane.