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Trump imposes new tariffs on seven countries starting August

Trump announces 25-40% tariffs on imports from seven countries starting August 1, amid ongoing trade deficit concerns.

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Trump announces 25-40% tariffs on imports from seven countries starting August 1, amid ongoing trade deficit concerns.

In Short:
President Trump has announced tariffs on imports from seven countries, effective August 1, with rates varying from 25% to 40%. This decision has caused U.S. financial markets to drop, and the legality of the tariffs is under review.

President Donald Trump has announced significant tariffs on imports from seven countries, effective August 1. The affected countries include Japan, South Korea, Malaysia, Kazakhstan, South Africa, Laos, and Myanmar.

Imports from Japan, South Korea, Malaysia, and Kazakhstan will face a 25% tariff, while South African goods will incur a 30% duty.

Laos and Myanmar imports are subject to a 40% tariff. These measures were detailed in letters Trump shared on social media with the leaders of the respective countries. The U.S. may adjust these tariffs based on diplomatic relations, according to Trump’s statements.

This announcement precedes the scheduled reinstatement of reciprocal tariffs, set to revert to higher levels.

White House Press Secretary Karoline Leavitt

Letters dispatched

White House press secretary Karoline Leavitt indicated that 14 letters would be dispatched, delaying the Wednesday deadline to August 1. Following the tariff announcement, U.S. financial markets dropped, with the Dow Jones Industrial Average declining by 637 points.

The announced rates generally align with tariffs previously imposed in April.

Despite claims of correcting trade deficits, some countries do not have large trade surpluses with the U.S. U.S. deficits for 2024 included $68.5 billion with Japan and $66 billion with South Korea, while Myanmar had a much smaller deficit.

The letters also warned against retaliatory tariffs from these nations, stating any increase from them would be added to the announced U.S. tariff rates. The Trump administration’s prior three-month tariff pause was intended to facilitate trade negotiations, though few concrete agreements have been finalised.

The legality of these tariffs is currently under review following a court decision against them in May.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Trump declares US ready to support Iranian protesters

Trump pledges US support for Iranian protesters as regime arrests 100 amid escalating crackdown on dissent

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Trump pledges US support for Iranian protesters as regime arrests 100 amid escalating crackdown on dissent

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In Short:
– Trump supports Iranian protesters and promotes their quest for freedom amid government crackdowns.
– Iran reports arrests and increased military threats against protesters, with international demonstrations in solidarity emerging.
Donald Trump has warned Iran’s clerical regime that the US is “ready to help” anti-government protesters facing a crackdown. He stated on his social media platform, Truth, that the nation is witnessing a push for freedom like never before.On Saturday, Iran’s government reported the arrest of 100 “armed rioters” amid ongoing demonstrations. Rights groups claim at least 116 protesters have been killed, with unrest erupting over Iran’s currency collapse and demands for the overthrow of Supreme Leader Ayatollah Khamenei.

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The Iranian military has intensified threats against protesters, warning that anyone participating could be deemed “enemies of God”, carrying a potential death sentence. There have been claims of “terrorist agents” linked to the US and Israel stirring unrest.

Protester Responses

International protests have also emerged in solidarity with Iranian demonstrators.

In London, an individual was seen tearing down the Iranian flag from the embassy, drawing attention to the global dissent. Iranian state media has accused “rioters” of violence and targeting military bases, amidst a climate of increased government scrutiny and restrictions.

With the internet down in Iran, accurate assessment of the situation remains challenging. Reports indicate scattered protests continue, but fear of government retaliation complicates participation.

The Iranian government’s response highlights the volatility of the political situation, and the growing international pressure on Tehran.


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Minneapolis protests erupt after fatal ICE shooting

Tensions rise in Minneapolis after fatal shooting by ICE agent, sparking protests and unrest as investigations unfold.

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Tensions rise in Minneapolis after fatal shooting by ICE agent, sparking protests and unrest as investigations unfold.


Tensions in Minneapolis have escalated following the fatal shooting of a mother by a U.S. Immigration agent. The incident has sparked outrage across the city, with residents taking to the streets to demand justice. Authorities are struggling to contain the unrest as public anger continues to mount.

State and federal officials are now at odds over the investigation. The Minnesota Bureau of Criminal Apprehension has stepped back after the FBI assumed control, while the state attorney general has warned that state-level charges could still be pursued independently. The political divide adds another layer of complexity to an already volatile situation.

In response to the protests, schools in Minneapolis have closed and the National Guard has been activated to maintain order. Citizens are being urged to stay safe as tensions remain high and the city braces for further demonstrations.

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#MinneapolisProtests #ICEShooting #USNews #FBIInvestigation #NationalGuard #StateVsFederal #JusticeForAll #TickerNews


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Iran protests escalate as economy crumbles

Iran faces widespread protests as currency collapse and soaring inflation strain household budgets, fueling public anger.

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Iran faces widespread protests as currency collapse and soaring inflation strain household budgets, fueling public anger.


Protests are spreading across Iran after the country’s currency suffered a dramatic collapse, pushing inflation to more than 42 percent in December. Rising prices are squeezing household budgets, with basic goods becoming increasingly unaffordable for millions of Iranians.

What began as frustration over the cost of living has quickly grown into widespread public anger, as families struggle to keep up with soaring expenses amid a weakening rial and economic uncertainty.

These economic pressures have become the catalyst for demonstrations across major cities, marking one of the most serious waves of unrest linked directly to inflation in recent years.

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#Iran #Inflation #GlobalEconomy #MiddleEast #Protests #CurrencyCrisis #WorldNews #Ticker


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