Economy

Trump administration considers allowing tariffs of up to 15% for 150 days, WSJ reports

MCS

May 30, 2025 — 1 min read

President Donald Trump’s administration is considering a stopgap effort to impose tariffs on large parts of the global economy under an existing law that includes language allowing for tariffs of up to 15 percent for 150 days, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
The administration has not made a final decision and it could wait to impose any plans after a federal appeals court on Thursday temporarily reinstated the most sweeping of Trump’s tariffs following a trade court ruling to immediately block them, the report added.

Iran considers nuclear weapons ‘unacceptable’: FM

Foreign Minister Abbas Araghchi said Saturday that Iran considers nuclear weapons “unacceptable,” reiterating the country’s longstanding position amid delicate negotiations with the United States. Western governments have long suspected Iran of seeking to develop a nuclear weapons capability to counter widely suspected but undeclared arsenal of its arch-foe Israel.

Pentagon chief warns China ‘preparing’ to use military force in Asia

US Secretary of Defense Pete Hegseth warned Saturday that China was “credibly preparing” to use military force to upend the balance of power in Asia, vowing the United States was “here to stay” in the Indo-Pacific region. The Pentagon chief made the remarks at an annual security forum in Singapore

Tunisia row over ‘repressive’ transfers of political detainees

Several jailed Tunisian opposition figures have been transferred without prior notice to prisons far from their families in a move their lawyers and relatives on Friday denounced as “repressive.” At least seven political figures were moved on Thursday from Mornaguia prison near Tunis to remote facilities, lawyer Dalila Msaddek told

Rescue operations underway after Nigeria flooding kills at least 115

Search-and-rescue operations continued in Nigeria Saturday after flash flooding in the central west killed at least 115 people, President Bola Tinubu said, as officials warned the toll was expected to rise. Torrential rains late Wednesday through early Thursday washed away and submerged dozens of homes in and around the town

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Iran considers nuclear weapons ‘unacceptable’: FM

Pentagon chief warns China ‘preparing’ to use military force in Asia

Tunisia row over ‘repressive’ transfers of political detainees

Rescue operations underway after Nigeria flooding kills at least 115