Uzbekistan, Eritrea to establish diplomatic relations
Uzbekistan and the State of Eritrea signed a Joint Communiqué on the establishment of diplomatic relations through their respective UN Missions....
Donald Trump’s tariff threats on Canada, Mexico, and China unsettle U.S. firms, raising costs and supply risks. Many affected companies are led by Democratic-leaning executives, fuelling political tensions.
U.S. President Donald Trump has warned of sweeping 25% tariffs on Canada and Mexico and 10% duties on China, with potential action against the EU. The move, framed as a crackdown on trade imbalances and national security risks, has left industries on edge, with business leaders calling for de-escalation.
While the tariffs are temporarily paused for 30 days for Mexico, uncertainty looms over businesses heavily reliant on international trade. Key sectors facing disruption include technology, retail, energy, finance, and manufacturing.
Trump’s tariffs disproportionately impact industries led by Democratic donors, particularly technology and retail:
✅ Tim Cook (Apple) – Apple relies on China for production, making tariffs a major threat.
✅ Satya Nadella (Microsoft) – A proponent of free trade, opposed Trump’s tariffs on Chinese imports.
✅ Doug McMillon (Walmart), Brian Cornell (Target) – Large retailers relying on imported goods will see higher costs.
✅ Jamie Dimon (JPMorgan) – Wall Street is wary of trade instability affecting global markets.
🟥 Right-Leaning CEOs (Republican Supporters) – Hurt, but Less So
✅ Elon Musk (Tesla) – Has expressed past support for Trump but opposes tariffs due to China’s key role in Tesla’s market.
✅ Darren Woods (Exxon), Mike Wirth (Chevron) – Oil industry could take a hit, but domestic fracking firms may gain.
✅ David Calhoun (Boeing), James Taiclet (Lockheed Martin) – If the EU retaliates, the defense sector could be affected.
🔹 Technology & Retail (Democratic-leaning sectors) are most vulnerable as they rely heavily on global supply chains.
🔹 Energy & Defense (Republican-leaning industries) will feel the impact but have domestic alternatives.
🔹 The month-long pause on Mexico tariffs temporarily eases pressure on automakers and energy firms, but China tariffs still threaten tech and retail.
With potential EU tariffs looming, Trump’s trade war is widening economic and political divides, intensifying uncertainty for U.S. businesses.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
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Migration offset natural decline for the fourth consecutive year, pushing the European Union’s population to an historic high of 450.4 million in 2024, according to Eurostat figures released on Friday.
The global oil market may be tighter than headline supply-demand figures suggest, the International Energy Agency (IEA) said Friday, citing rising refinery activity and seasonal summer demand as key drivers of short-term market pressure.
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