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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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Rebels Break Through Defenses in Hama; Army Claims Hold on Key Areas

 

 In a dramatic turn of events, Syrian rebels have reportedly made significant advances into the central city of Hama, claiming to have breached government defenses and entered the city from multiple sides. The Syrian army, however, maintains that its defenses are holding in crucial areas despite the intense fighting.

The rebel forces, led by the Islamist group Hayat Tahrir al-Sham (HTS), launched a surprise offensive last week, capturing Aleppo and now pushing into Hama. The Syrian military has stated that it redeployed troops outside the city to protect civilians and avoid urban combat.

The situation remains fluid, with both sides reporting ongoing clashes. The Syrian Observatory for Human Rights has reported that over 700 people have been killed since the start of the rebel offensive. The international community continues to monitor the situation closely, with concerns rising over the potential for further escalation.

As the conflict unfolds, the fate of Hama hangs in the balance, with significant implications for the broader Syrian civil war.




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