News

Trump’s tariffs deadline approaches, impacting global economy

Trump’s tariffs deadline approaches, heightening uncertainty for global trade as negotiations scramble for clarity and economic impact looms.

Published

7 months ago

July 6, 2025

Ahron Young

Trump’s tariffs deadline approaches, heightening uncertainty for global trade as negotiations scramble for clarity and economic impact looms.

In Short:
US President Trump’s tariff deadline ends a 90-day uncertainty, aiming to reduce trade deficits and boost manufacturing. Despite a stable economy, businesses face challenges from unpredictable tariffs, impacting their planning and the Federal Reserve’s interest rate decisions.

US President Donald Trump’s deadline for trade agreements arrives, ending a 90-day period of uncertainty surrounding his tariffs. The tariffs aim to reduce trade deficits and boost US manufacturing, disrupting long-standing trade rules promoted by the World Trade Organization.

Trump expects tariffs to generate revenue for the US Treasury starting August 1, as negotiators rush to secure trade deals before the July 9 deadline. Trade is viewed as a key component of Trump’s economic strategy, alongside tax cuts and deregulation, to drive investment and job creation.

Despite a stable US economy, with strong hiring and low inflation, the Federal Reserve remains cautious about the potential impacts of the tariffs. Companies are grappling with unpredictable tariff policies, complicating their planning regarding production and hiring.

In North America, economic data including jobless claims and labour market reports will provide insights into job stability and the economic landscape as the Fed evaluates future rate changes. Asian economies are also focusing on monetary policy amidst slowing growth, with central banks set to respond to inflation trends.

European markets await key data on GDP, manufacturing, and inflation, reflecting the effects of ongoing tariff policies. Leading economies in Latin America will report inflation data, with policymakers closely monitoring economic pressures and adjusting monetary policies accordingly.

News

Ukraine and Russia set for U.S.-brokered peace talks in Abu Dhabi

Published

7 hours ago

February 2, 2026

Harvey Vargas

Ukrainian President Volodymyr Zelenskyy has confirmed that new peace talks with Russia will take place in Abu Dhabi later this week. The discussions are part of U.S.-led efforts to find a path toward ending the ongoing war.

Zelenskyy emphasised that Ukraine is prepared for meaningful dialogue aimed at achieving peace. The announcement comes after weeks of uncertainty over the timing of the meeting.

U.S. special envoy Steve Witkoff described prior discussions with Russian officials as productive, though major disagreements over territorial issues remain unresolved.

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News

Tensions rise as Iran threatens conflict and U.S. increases naval forces

Iran warns of regional conflict, labels European armies terrorists; U.S. boosts naval presence as both sides consider negotiations.

Published

9 hours ago

February 2, 2026

Harvey Vargas

Iran warns of regional conflict, labels European armies terrorists; U.S. boosts naval presence as both sides consider negotiations.

Iran has warned of a potential regional conflict if the U.S. launches an attack, while labelling European armies as terrorists. Supreme Leader Ayatollah Ali Khamenei insisted that threats from President Trump will not intimidate the Iranian people.

The U.S. has ramped up its naval presence in the Middle East in response to mounting threats, amid speculation over Iran’s next moves. Iranian officials have denied claims of imminent naval exercises in the Strait of Hormuz, adding to global uncertainty.

#MiddleEastCrisis #IranUS #Geopolitics #NavalTensions #Trump #AyatollahKhamenei #EuropeanUnion #GlobalConflict

News

Carlos Alcaraz becomes youngest man to complete career Grand Slam

Carlos Alcaraz, at 22, stuns tennis by winning the Australian Open, defeating Djokovic, and celebrating with a kangaroo tattoo.

Published

9 hours ago

February 2, 2026

Harvey Vargas

Carlos Alcaraz, at 22, stuns tennis by winning the Australian Open, defeating Djokovic, and celebrating with a kangaroo tattoo.

Carlos Alcaraz has stunned the tennis world by winning the Australian Open, becoming the youngest man to complete a Career Grand Slam at just 22 years old.

The world number one beat Novak Djokovic in a thrilling four-set match, finishing 2-6, 6-2, 6-3, 7-5. Djokovic missed out on claiming his 25th Grand Slam title. To mark the milestone, Alcaraz revealed he plans to add a new tattoo of a kangaroo on his leg, joining his existing Eiffel Tower and Wimbledon strawberry tattoos.

#CarlosAlcaraz #AustralianOpen #GrandSlam #TennisHistory #NovakDjokovic #SportsNews #TennisTattoo #YoungChampion