While no unified currency has emerged, BRICS expansion into Africa, Asia, and Latin America has shifted increasing volumes of trade out of the dollar’s reach. Some central banks are trimming their holdings of U.S. Treasuries and boosting gold reserves.
The BRICS group has denied being anti-American, positioning itself as a platform for multilateral diplomacy, particularly as global forums like the G7 and G20 struggle with internal divisions and Trump’s "America First" agenda.
The announcement follows pressure from Health Secretary Robert F Kennedy Jr, who has raised health concerns over common food additives, including corn syrup
"We’ll have well over 150 countries that we’re just going to send a notice of payment out," Trump said.
During a meeting with US senators, Rutte highlighted the potential for severe sanctions if these countries continue to import Russian oil and gas amidst the ongoing tensions between Russia and Ukraine.
- US President Donald Trump announces a trade deal with Indonesia. - No specifics or terms of the agreement have been disclosed. - A 32% tariff on Indonesian products to the US is set to take effect on August 1, 2025.
Immigration status will now decide eligibility, cutting off undocumented children from a program built to support early learning, health, and emotional growth.
The European Union, anticipating Trump’s move, had been preparing for new duties on the United States’ largest trade and investment partner after a recent escalation in the tariff war.
The FAA advises airlines to inspect fuel control switches while aircraft are on the ground to confirm proper engagement of the locking mechanism and to replace any faulty units — particularly on the 737 and 737-8/-9 fleets — with upgraded versions featuring improved locks.
Fueling speculation, Bill Pulte—chair of government-backed lenders Fannie Mae and Freddie Mac—claimed in a post on X that Powell may not finish his term. Pulte has repeatedly called for Powell’s resignation, accusing him of giving “deceptive” testimony to the Senate.
Introduced in April by Senator Lindsey Graham, a close Trump ally, the bill proposes sweeping penalties on countries importing Russian oil, natural gas, uranium, or petroleum products.
Addressing assumptions that smooth re-entry is tied to race, the user clarified: “No, I am not white or have a white sounding name. I'm Mexican and I am formerly undocumented.”
Since Monday, Trump has sent more than 20 letters signaling new tariffs, including a 50% duty on copper and penalties on key Asian allies Japan and South Korea. His administration is also weighing across-the-board tariffs on global partners.
Javed Larijani, a senior adviser to Khamenei, said that Trump could be targeted while sunbathing at his Florida residence.
Brazilian President Lula, along with his vice-president and finance minister, held an emergency meeting in Brasilia to discuss the new tariffs, and vowed to respond in accordance.
With the latest round of letters, the total number of nations targeted under Trump's widening tariff agenda has now risen to 20. These tariffs are set to take effect on August 1, unless negotiations lead to alternative agreements.
Bessent and other administration officials felt that they were making progress on deals with several trading partners, including India and the European Union.
Trump also said he was considering whether to support a bill that would impose steep sanctions on Russia. "I'm looking at it very strongly," he said.
The move is part of a wider tariff strategy set to take effect on August 1, as Trump intensifies pressure on countries he says are working to weaken the dollar. Speaking during a Cabinet meeting, Trump directly linked the effort to the BRICS bloc.
Trump alleged that BRICS was created to weaken the US dollar and suggested that the tariff could be imposed soon on countries within the bloc.
US President Donald Trump on Tuesday mentioned that he may consider flexibility in reaching deals with trading partners in response to the renewed trade war.
CEAT Warns of U.S. Tariff Blow To Auto Sector, Expects Easing Amid India-U.S. Trade Talks
Samsung Galaxy Z Fold 7/Z Flip 7 Launched: What Are The Big Changes?
NSE CEO Ashish Chauhan: Electricity Derivatives Now Trading On Indian Terms And Indian Platforms
Silver Set To Shine Brighter: What's Fueling The Massive Demand Spike?
How The Global Reset Is Reshaping Trade & Investments In 2025
