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Trade Tensions Rise as EU Prepares Retaliation Against U.S. Tariff Hike

The European Union has strongly condemned President Donald Trump's decision to double tariffs on imported steel and aluminum, warning of swift countermeasures that could escalate global trade tensions. Announced Friday near Pittsburgh, Trump raised existing steel and aluminum tariffs from 25% to 50%, aiming to protect U.S. industry and bolster a $14.9 billion Nippon Steel–U.S. Steel deal. The European Commission responded sharply, calling the move a threat to transatlantic economic stability and global supply chains. “This decision adds further uncertainty to the global economy and increases costs for consumers and businesses on both sides of the Atlantic,” a spokesperson said. The EU is finalizing consultations on expanded retaliatory tariffs, set to take effect by July 14 unless a negotiated solution is reached. The reaction from global trade partners was swift. Canada’s Chamber of Commerce criticized the tariffs as a threat to North American economic security, while Canada’s Uni...
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Escalation in the Middle East: Airstrikes Hit Beirut as Israel Intensifies Gaza Operations

 

In the early hours of Thursday, several large airstrikes targeted the southern suburbs of Beirut, including an area near Lebanon’s only international airport. These strikes come as Israel expands its military operations in northern Gaza, intensifying the conflict in the region.

The airstrikes in Beirut have caused significant damage and heightened tensions in Lebanon, a country already grappling with political and economic instability. Meanwhile, in Gaza, Israeli forces have increased their offensive, leading to further casualties and displacement among the Palestinian population.

The international community has expressed deep concern over the escalating violence, urging both sides to seek a peaceful resolution. However, with the conflict showing no signs of abating, the situation remains precarious.


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