US president says goods from Vietnam will face 20% tariff, a lower rate than 46% levy he announced in April

The United States and Vietnam struck a trade agreement that sets 20% tariffs on many of the south-east Asian country’s exports following last-minute negotiations, Donald Trump and Vietnamese state media said on Wednesday.

The rate is lower than an initial 46% levy Trump announced in April on goods from Vietnam, which was due to take effect next week.

Tesla said it delivered 384,122 vehicles in the second quarter, down 13.5% from 443,956 units a year ago

Tesla posted another big drop in quarterly deliveries on Wednesday, putting it on course for its second straight annual sales decline as demand falters due to backlash over CEO Elon Musk’s political stance and an ageing vehicle lineup.

Tesla said it delivered 384,122 vehicles in the second quarter, down 13.5% from 443,956 units a year ago. Analysts had expected it to report deliveries of about 394,378 vehicles, according to an average of 23 estimates from the financial research firm Visible Alpha, though projections went to as low as 360,080 units based on estimates from 10 analysts over the past month. Analysts use the number of vehicles delivered to customers as a metric of success to evaluate both automotive sales and production.

Paramount agreed to pay $16m to Trump’s future library or other cause, but not to him, and made no apology in the deal

Donald Trump has reached a $16m settlement with Paramount, the parent of CBS News, over what he claimed was false editing of a pre-election interview with the Democratic candidate for president, Kamala Harris, in what is likely to be seen as a further example of capitulation by media companies hoping to smooth the waters with Trump.

Trump had filed a $10bn lawsuit against the company in October, one of a string of legal actions against US media conglomerates over what the US president maintains was biased, incorrect or “fake” news reporting.

Four artists held over magazine illustration alleged by critics to depict Muhammad and Moses shaking hands

The Turkish president, Recep Tayyip Erdoğan, has condemned a cartoon in a satirical magazine as a “vile provocation” for appearing to depict the prophets Muhammad and Moses, amplifying an outcry by religious conservatives.

The cartoon, published a few days after the end of a 12-day conflict between Israel and Iran, appears to show Muhammad, Islam’s chief prophet, and Moses, one of Judaism’s most important prophets, shaking hands in the sky while missiles fly below in a wartime scene. Four cartoonists were arrested on Monday over the illustration.