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Wall Street Stumbles as Trump’s Tariff Threats Rattle Global Markets

U.S. stock markets kicked off the week in the red as renewed trade tensions sparked by former President Donald Trump sent shockwaves through Wall Street. The Dow Jones Industrial Average tumbled over 400 points, while the S&P 500 and Nasdaq Composite dropped 0.8% and 0.9% respectively. The sell-off followed Trump’s announcement of sweeping new tariffs set to take effect on August 1. In a series of public letters posted to social media, Trump warned that countries including Japan, South Korea, South Africa, and Malaysia would face levies ranging from 25% to 40% unless trade agreements are finalized by a self-imposed July 9 deadline. Adding to the market jitters, Trump declared that any nation aligning with the “Anti-American policies of BRICS” would be hit with an additional 10% tariff, escalating tensions with key trading partners like China and India. The tech sector bore the brunt of the downturn, with Tesla shares plunging nearly 7% amid political controversy surrounding CEO Elo...
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Netanyahu Vows to Defend Israeli Military Unit Against U.S. Sanctions


Israeli Prime Minister Benjamin Netanyahu has pledged to fight against any sanctions imposed on Israeli military units by the United States. The focus of concern is the Netzah Yehuda battalion, which has been accused of human rights violations in the occupied West Bank. Reports suggest that Washington is considering measures against this battalion for alleged rights violations.

Netanyahu’s statement came in response to Axios news site’s report that the U.S. was planning to impose sanctions on the Netzah Yehuda battalion. The Israeli military, however, maintains that the battalion operates according to international law principles. The situation follows U.S. Secretary of State Antony Blinken’s determination that Israel had violated the Leahy law, which prohibits providing military assistance to units committing gross human rights violations.

As tensions continue in the Middle East, Netanyahu’s commitment to defending the Israeli military unit underscores the complex geopolitical landscape in the region.


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