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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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U.S. Embassy Warns of Potential Large-Scale Air Attack on Ukraine

In a recent development, the U.S. Embassy in Kyiv has issued a warning about a potentially significant air attack on Ukraine in the coming days. The embassy has urged American citizens in Ukraine to remain vigilant and be prepared to take shelter immediately if an air alert is announced.

This warning comes amid ongoing tensions between Ukraine and Russia, with diplomatic efforts to establish a ceasefire facing challenges. U.S. President Donald Trump has reiterated his call for a 30-day ceasefire between the two nations, emphasizing that additional sanctions could be imposed on those who violate the agreement.

While Ukraine has expressed readiness to adopt the ceasefire immediately, Russia has proposed a shorter three-day truce, which Ukraine claims has already been violated multiple times through continued attacks. The situation remains volatile, with international leaders closely monitoring developments.

As the threat of escalation looms, Ukrainian officials have been in discussions with U.S. representatives regarding the ceasefire proposal and broader peace negotiations. The coming days will be crucial in determining whether diplomatic efforts can prevent further conflict or if Ukraine will face another wave of attacks.

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