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Trump's higher tariff rates come into force, and more - Five stories you need to know | Reuters
Posted
August 7, 2025
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August 7, 2025
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0:52Now Playing1. President Donald Trump's higher tariff rates of 10% to 50% on dozens of trading partners kicked in on Thursday, testing his strategy for shrinking U.S. trade deficits without massive disruptions to global supply chains, higher inflation and stiff retaliation from trading partners.
2. Russian President Vladimir Putin and U.S. President Donald Trump will meet in the coming days, Kremlin aide Yuri Ushakov said on Thursday, in what would be the first summit between leaders of the two countries since 2021.
3. As U.S. tariffs on Brazilian goods jumped to 50% on Wednesday, Brazil's President Luiz Inacio Lula da Silva told Reuters in an interview that he saw no room for direct talks now with U.S. President Donald Trump that would likely be a "humiliation.”
4. President Donald Trump announced on Wednesday that Apple will invest an additional $100 billion in the United States, a move that could help it sidestep potential tariffs on iPhones.
5. A senior member of the European Union's executive said the displacement and killing in Gaza looked very much like genocide, the first commissioner to level that accusation and publicly break with the body's position on the conflict.
#Tariffs #Trade #Inflation #Retaliation #Summit #Diplomacy #Leaders #Meeting #Brazil #Negotiations #TradePolicy #Humiliation #Investment #Apple #Economy #iPhones #EU #Gaza #Conflict #Accusation
#News #Reuters #Newsfeed
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