EXPLAINER
US plans to hike tariffs on EU cars to 25% will hit luxury market the most
US says it will hike tariffs to 25% because the EU has not complied with trade deal last year that set tariffs at 15%.
![More than 3,000 events are planned in 40 cities around the United States [Reuters/Kylie Cooper]](https://aljazeeranews.edgeone.app/wp-content/uploads/2026/05/2026-05-01T180739Z_390843763_RC2I0LAXVLNW_RTRMADP_3_MAY-DAY-USA-1777659500.jpg?resize=770%2C513&quality=80)
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Trump announces 25 percent tariffs on European Union cars, trucks
US president says EU ‘not complying’ with current trade deal, launches new tariffs to begin next week.
EDITOR'S ANALYSIS
US likely to benefit as UAE shifts oil strategy away from OPEC, experts say
UAE wants to supply more oil than its OPEC quota and that could help push down prices once the Strait of Hormuz opens.
EU trade deal with South America’s Mercosur bloc takes provisional effect
The long-awaited deal creates one of the world’s largest free trade areas with 720m potential consumers.
‘Turbulent and dangerous’: How shipping is the new global battleground
From Hormuz to Panama, the South China Sea to the Black Sea, geopolitics is rewriting the rules of global shipping.
Oil prices rise again with little sign of war on Iran ending
Brent crude futures hit $126.41 on Thursday – a 5 percent rise for the week.
Despite growth and pay rises, Greek workers are among the poorest in Europe
Inflation has robbed them of a third of their income since the post-2009 global financial crisis, statistics show.
Rallies under way as workers gather for International Labour Day
Labour Day marches are being held as Iran war and rising energy prices threaten the global economy.
Commercial flights from Tehran’s main airport resume amid cautious normalcy
Flights are gradually back in the air, but uncertainty on the ground still lingers.
First US-Venezuela flight lands in Caracas after seven-year suspension
American Airlines has resumed flights as Donald Trump moves to rebuild ties following the abduction of Nicolas Maduro.
EXPLAINER
$25bn or $1 trillion: How much has Iran war really cost the US?
Heated exchange on Capitol Hill reflects growing unease among lawmakers over a lack of transparency in cost of Iran war.
