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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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Revised Account Emerges in Gaza Aid Worker Tragedy

 

The Israeli military has revised its initial account of the tragic killing of 15 emergency workers near Rafah in southern Gaza on March 23. Initially, the military claimed that soldiers fired on vehicles approaching their position "suspiciously" in the dark, without lights or markings, and identified the victims as militants from Hamas and Islamic Jihad. However, newly surfaced video footage from one of the victims' mobile phones, released by the Palestinian Red Crescent, contradicts this narrative.

The video shows emergency workers in uniforms, operating clearly marked ambulances and fire trucks with their lights on, being fired upon by soldiers. Munther Abed, the sole survivor and a paramedic with the Palestinian Red Crescent, corroborated this, stating that soldiers targeted clearly marked emergency vehicles.

An Israeli military official acknowledged that the initial report from the field was mistaken and attributed the error to the person providing the account. Investigations are ongoing, with conclusions expected to be presented to army commanders. The United Nations and the Palestinian Red Crescent have called for an independent inquiry into the incident, which has drawn international attention and condemnation.

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