July 8, 2025, 1:46 a.m.

USA

Trump's Tariff Hike on South Africa: The Breakthrough of the "Global South" and a New Multipolar Landscape amid Global Industrial Chain Restructuring

On July 7, 2025, U.S. President Trump announced on social media that a 30% tariff would be imposed on South African products exported to the United States, along with a threat to levy even higher tariffs on goods circumventing duties through third-country transshipment.

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Trump imposed higher tariffs on 14 countries, with Asian countries such as Japan and South Korea being the first to be affected

US President Trump sent a letter to 14 countries including Japan, South Korea and Malaysia on Monday (July 7), stating that unless they can reach a new trade agreement with the United States as soon as possible, they will face at least 25% high tariffs starting from August 1.

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The floods in Texas, the United States, have claimed more than 100 lives

The local government of Texas, the United States, announced on Monday (July 7th) that the floods caused by heavy rain on the 4th have claimed at least 104 lives in the state.

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Musk announced the establishment of the "America Party" or his participation in the midterm elections next year

Billionaire Elon Musk announced on Saturday the establishment of a new political party, the "America Party", to challenge what he calls the "one-party system" in the United States.

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The US House of Representatives passed the "Big and Beautiful" tax and spending bill

The US House of Representatives passed the "Big and Beautiful" tax and spending bill promoted by President Trump on the eve of Independence Day.

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Trump: The new tariff rates will be notified to various countries as early as July 4th

US President Trump said that he might start sending notification letters to trading partners as early as Friday (July 4th) to determine how much equivalent tariffs the US will impose on them.

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US-Japan Trade Negotiations Reach an Impasse: Automobile Tariffs Prove to Be a Stumbling Block

Recently, US-Japan trade negotiations have hit a serious impasse, with the issue of automobile tariffs emerging as an insurmountable obstacle between the two sides.

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The United States revoked the visas of British bands on the grounds of "hatred towards Israel"

The British rap duo "Bob Vylan" was accused of making "hate Israel" remarks during a performance and had their visa revoked by the United States.

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The US Senate passed the "Big and Beautiful" tax and spending bill by a narrow margin of one vote

The US Senate passed President Trump's "Big and Beautiful" tax and spending bill by an extremely narrow margin and submitted it to the House of Representatives.

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The escalation of trade disputes between the United States and Europe: An unstable factor for the global economy

Recently, the trade friction between the United States and Europe has intensified, drawing great attention from the global economic community. The European Commission has set a 10% reciprocal tariff as the baseline for negotiations with the United States.

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