Trump exempts smartphones and computers from new tariffs

President Donald Trump's administration has exempted smartphones and computers from his reciprocal tariffs, including a 125% tariff on Chinese goods.

Late on Friday, US Customs and Border Patrol issued a notification stating that the commodities would be exempt from Trump's 10% worldwide tariff on most countries, as well as the considerably bigger Chinese import tax, according to BBC.

The move comes after US IT businesses expressed fears that the cost of products, which are often built in China, will soar. Other electronic gadgets and components, such as semiconductors, solar cells, and memory cards, are excluded as well.

Iran says it wants 'fair agreement' as nuclear talks with US begin in Oman

Talks between the United States and Iran over Iran's nuclear programme have begun in Muscat, the capital of Oman. 

Iran's Foreign Minister Abbas Araghchi told Iranian state television his country wanted a "fair agreement", according to BBC.

In 2018, US President Donald Trump withdrew the US from a prior nuclear deal between Iran and international powers during the Obama administration, and he has often stated that he would negotiate a "better" deal. 

Iran had so far refused to renegotiate the deal. 

Although it's unclear if the two parties will meet in the same room, the discussions are regarded as a crucial first step in determining whether an agreement can be reached. The sessions on Saturday are anticipated to concentrate on creating a framework for the talks.

Witkoff meets Putin as Trump urges Russia to 'get moving' on Ukraine ceasefire

US envoy Steve Witkoff met Vladimir Putin in St Petersburg on Friday, as Donald Trump urged the Russian president to "get moving" on a ceasefire in Ukraine.

The Kremlin said the assembly endured for more than four hours and centered on "viewpoints of a Ukrainian settlement", according to BBC.

Trump has communicated disappointment with Putin over the state of talks.

On Friday, he composed on social media "Russia has to get moving. Too many people ere [sic] DYING, thousands a week, in a terrible and senseless war."BBC reported.

It comes as Trump's Ukraine envoy Keith Kellogg denied suggesting the country could be partitioned.

China files lawsuit with WTO following latest US tariff hikes

China has filed a lawsuit against the US with the WTO after the US issued an executive order on Thursday (US time), announcing a further increase in the so-called "reciprocal tariffs" imposed on Chinese products exported to the US, a spokesperson from China's Ministry of Commerce (MOFCOM) said Friday.

The spokesperson said that the US taxation measures are typical unilateral bullying and coercion practices, which seriously violate WTO rules and seriously undermine the rules-based multilateral trading system and international economic and trade order, according to the Global Times.