From launching 25% duties on Mexican goods in February to unveiling a 50% levy on imported copper on Monday, U.S. President Donald Trump has fired off a rapid-fire series of tariff moves that has jolted financial markets and unsettled global supply chains.
The latest step — a promise on Monday to slap 50% tariffs on copper and soon tax semiconductors and medicines — crowns nearly 30 separate tariff actions since Mr Trump was sworn in on 20 January. The flurry has widened to cover allies and rivals alike, prompting court challenges, hurried exemptions and emergency trade talks.
Economists at the Peterson Institute for International Economics say the measures now touch more than 70% of U.S. merchandise imports, a reach unmatched since the 1930 Smoot-Hawley Act. Wall Street has swung sharply in response, with about $3 trillion wiped from global share values on 9 April after a surprise blanket 10% duty on almost all imports.
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Washington has meanwhile struck a limited accord with Britain and a 90-day tariff truce with China, yet threats of 25–40% duties loom against 14 other nations from Japan to Serbia after 1 August.
Foreign governments have warned the campaign risks fragmenting global commerce. The European Commission says a straight 50% U.S. tariff on EU goods would imperil trade flows worth more than $850 billion a year. Beijing has accused Washington of “weaponising” tariffs, while Mexico and Canada argue the measures breach the revised North American trade pact.
Analysts expect fresh legal battles and retaliatory steps. “The scale and speed are unprecedented in modern U.S. history,” said Chad Bown of the Peterson Institute. “Even short pauses in implementation barely dent the uncertainty for companies planning cross-border investment.”
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Azerbaijani President Ilham Aliyev and Turkish President Recep Tayyip Erdoğan spoke on 9 August, praising regional peace steps, new gas exports to Syria, and deepening bilateral ties.
More than 1,000 aid packages have been airdropped over the Gaza Strip since the resumption of the international airdrop operation on 26 July, the Israel Defense Forces (IDF) announced on Friday.
World leaders and international organisations have hailed the U.S.-brokered peace agreement between Azerbaijan and Armenia as a historic breakthrough, marking a decisive step toward stability and cooperation in the South Caucasus.
Afghan authorities have begun building a 50 million afghani canal in Panjshir province to improve irrigation, support farmers, and create 1,000 jobs, according to Tolonews.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
World leaders and international organisations have hailed the U.S.-brokered peace agreement between Azerbaijan and Armenia as a historic breakthrough, marking a decisive step toward stability and cooperation in the South Caucasus.
Afghan authorities have begun building a 50 million afghani canal in Panjshir province to improve irrigation, support farmers, and create 1,000 jobs, according to Tolonews.
Ukrainian President Volodymyr Zelenskyy said that he had spoken with British Prime Minister Keir Starmer, noting their shared view on the threat posed by Russia’s attempt “to reduce everything to discussing the impossible.”
Russia’s investment envoy Kirill Dmitriev said on Saturday that certain countries would make “titanic efforts” to derail the meeting between U.S. President Donald Trump and Russian President Vladimir Putin, scheduled for 15 August.
U.S. President Donald Trump has invited newly inaugurated Polish President Karol Nawrocki to the White House for an official working meeting on 3 September, Nawrocki’s chief of cabinet announced on Saturday.
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