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USA politics
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China has strongly denounced President Trump’s threat to impose tariffs of up to 70 per cent on imports from key East Asian nations, including Japan, South Korea, Malaysia, Laos, Myanmar, Cambodia, Thailand and Indonesia.
Donald Trump is imposing new trade tariffs starting from 1 August, applying rates of up to 40% on goods from countries including Japan, South Korea, and South Africa, among others.
(Friday 11 July 2025) – The US President has issued new steep tariffs on 14 countries, including Brazil, fueling fears of more trade wars over the summer.
Elon Musk has been in the news this week as he revealed his plans to start his own political party.
Earlier in the week, Trump had announced a delay to his tariff plans as he appeared to push for a global trade deal, but did threaten an extra 10% tariff on any country siding with the policies of the BRICS alliance.
As of Friday, 120 people are confirmed dead from the Texas floods, and at least 150 remain missing. Following the massive floods, more rain arrived, hampering rescue efforts.
President Trump has postponed the roll-out of planned tariffs, originally scheduled by July 9, to take effect on August 1 instead.
Tesla shares plunged around 7 per cent in pre-market trading after Elon Musk announced the launch of a new U.S. political party, dubbed the “America Party”, and reignited a public feud with former President Donald Trump.
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