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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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Tragedy in Gaza: School Shelter Targeted Amid Ceasefire Talks


An Israeli airstrike on a school-turned-shelter in Gaza City has claimed the lives of at least 23 people, including children, as Arab mediators work tirelessly to negotiate a long-term truce between Israel and Hamas. The strike ignited tents sheltering displaced Palestinians, leaving many burned alive. 

The attack comes amidst heightened tensions and a seven-week blockade on Gaza, which has severely restricted food and humanitarian aid. International criticism of the blockade has intensified, with France, Germany, and Britain calling it "intolerable". Palestinian President Mahmoud Abbas has urged Hamas to release hostages to prevent further escalation.

The humanitarian crisis in Gaza continues to worsen, with displaced families struggling to survive under dire conditions. The tragedy underscores the urgent need for a resolution to the conflict and an end to civilian suffering.



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