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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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Gaza Crisis Deepens as Israeli Strikes Escalate and Health System Teeters on Collapse

 

The Israeli military has intensified its airstrikes across Gaza, marking one of the most significant waves of attacks in recent weeks. Residents report widespread destruction, with homes, roads, and temporary encampments targeted by Israeli forces using tanks, planes, and naval bombardments. 

The escalating conflict has placed immense strain on Gaza’s already fragile healthcare system. Officials warn that the blockade on medical supplies has halted a crucial UN-backed polio vaccination campaign, leaving over 600,000 children vulnerable to the resurgence of the disease. Hospitals, struggling with shortages of essential medicines and equipment, face imminent collapse, putting thousands of lives at risk.

Diplomatic efforts to end the violence continue, with a Hamas delegation expected in Cairo to discuss a potential long-term truce. However, Israel has yet to respond to the latest proposal, which includes a ceasefire lasting five to seven years in exchange for the release of hostages and an end to hostilities.

Meanwhile, humanitarian organizations express grave concerns over the deteriorating conditions in Gaza. The blockade has led to the shutdown of all UN-supplied bakeries, exacerbating food shortages and pushing the population toward starvation. Aid agencies warn that without immediate intervention, the humanitarian crisis will spiral further out of control.

As the conflict rages on, international pressure mounts for a resolution that ensures the safety and well-being of Gaza’s 2.3 million residents. The world watches closely, hoping for a breakthrough that could bring relief to those caught in the crossfire.

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