Former U.S. President Donald Trump said he has heard that India may stop importing oil from Russia, calling it a “positive step.” Previously, Trump criticized India for engaging in what he called unfair trade practices and maintaining deep energy and defense ties with Russia. On Wednesday, Trump wrote, “India will now pay a 25% tariff, along with penalties starting in early August, for their previous actions.” He added, “India is our friend, but for years we’ve had minimal trade because their tariffs are extremely high—some of the highest in the world.”

Two enormous solar prominences, each stretching nearly 1 million kilometers, erupted from the Sun’s northeastern limb within an hour on July 31, according to Russian space research institutes. These gas eruptions, driven by magnetic forces, shot into space but are not Earth-directed. Scientists confirmed there’s no danger to satellites, power grids, or communication systems. While such events can be hazardous if Earth-facing, experts assure these particular eruptions pose no risk due to their position on the Sun's edge.

US President Donald Trump has introduced new import tariffs on countries lacking formal trade agreements with the US, with rates reaching up to 41% for Syria and 35% for Canada. Agreements have been made with eight countries, including the UK, Vietnam, and Japan, featuring reduced tariffs and trade concessions. However, tensions persist with major partners like China and India, where additional punitive tariffs were announced. The policy aims to protect US interests but has raised concerns worldwide.

U.S. President Donald Trump has issued a new executive order imposing additional import tariffs on products from 69 countries, citing ongoing trade deficits as threats to national security and the economy. Tariff rates vary by country, with Bangladesh facing a 20% tariff and India 25%. Exemptions are possible for countries strengthening economic and security ties with the U.S., but previous tariffs remain until formal agreements are finalized. The White House outlined specific rates to address trade imbalances.

U.S. President Donald Trump revealed that First Lady Melania Trump likes Russian President Vladimir Putin but is disappointed by the ongoing conflict in Ukraine. After a recent call with Putin, Melania expressed sadness over renewed bombings in Kyiv. Trump has shortened his peace deadline from 50 to 10 days, warning of harsh sanctions if no agreement is reached. Russian officials rejected the ultimatum, emphasizing the need to address the conflict’s root causes. Melania’s Soviet-era Slovenian background may influence her deep interest in resolving the war.

Canada is set to recognize Palestine as a state by September, following France and the UK. Prime Minister Mark Carney announced the plan, which triggered a strong reaction from U.S. President Donald Trump. Trump warned that trade agreements with Canada would become “very difficult” if they proceed. This comes amid the upcoming ‘Liberation Day’ tariffs, where the U.S. will impose a 35% tariff on Canadian goods if no trade deal is reached by August 1. Meanwhile, Gaza faces worsening food shortages, with malnutrition deaths rising.

The United States has imposed extensive sanctions targeting over 100 individuals, companies, and vessels linked to Iran’s shipping industry, aiming to block Iranian oil exports. Central to these sanctions is Mohammad Hossein Shamkhani, who manages a complex network helping Iran and Russia sell oil globally. The move, part of increased pressure under President Trump, seeks to cut Iran’s revenue supporting its regime. Iran condemned the sanctions as hostile, while China remains its largest oil buyer. Diplomatic talks remain unlikely in the near future.

The United States has finalized a trade agreement with Pakistan that includes plans for the joint development of the country’s substantial oil reserves. Former U.S. President Donald Trump commented on the deal, stating that the selection process for oil companies to lead the project is underway. “Who knows, maybe one day they’ll sell oil to India!” he quipped.

While details of the agreement are yet to be disclosed, Trump noted ongoing talks with other nations regarding trade. “This afternoon, I’ll be meeting with South Korea’s trade delegation. They currently impose a 25% tariff, but they’ve proposed a reduction, which I’m eager to review,” he said. Trump added that several countries are offering tariff reductions, which he believes will significantly help reduce the U.S. trade deficit.

Donald Trump has announced a 15% tariff on South Korean imports as part of a new trade agreement. Without the deal, South Korea would have faced a 25% tariff. The move comes shortly after Japan agreed to similar terms, increasing pressure on Seoul.

Under the deal, South Korea will invest $350 billion in the U.S. While officials in Seoul are touting it as a win—especially given last year’s $56 billion trade surplus with the U.S.—items like steel and aluminum will face a 50% tariff in line with Trump’s global trade policy. Despite the hike, South Korean President Lee Jae-myung welcomed the agreement.

Former U.S. President Donald Trump has signed an executive order imposing a 50% tariff on selected Brazilian imports. Brazil responded with warnings of retaliatory measures. As the U.S. is Brazil’s second-largest trading partner after China, the tariff increase could significantly impact its economy.

Previously, Trump accused Brazil of targeting U.S. tech firms and harassing former President Jair Bolsonaro. However, several key Brazilian exports have been exempted from the new tariff list.

U.S. President Donald Trump announced on his social media platform, Truth Social, that starting August 1, a 25% tariff will be imposed on Indian goods entering the American market. While calling India a “friendly nation,” Trump expressed concerns over India’s trade relations with Russia and China and cited high tariffs on American products in India as justification. He also mentioned an additional unspecified fine on India but did not provide further details.

U.S. President Donald Trump announced that Israel will manage food distribution centers in Gaza, claiming Hamas steals aid. Critics warn this could deepen Israel’s control and endanger civilians. Trump dismissed concerns over Israeli military actions at aid sites and expressed full confidence in Israel's ability to handle distribution. The U.S. has yet to support UN-led aid efforts. It’s unclear whether Israel will operate the centers directly or through the controversial GHF, which currently runs limited aid operations in southern Gaza.

A powerful earthquake off Russia's coast triggered three tsunami waves that struck the Severo-Kurilsk port area. The final wave severely damaged port infrastructure and swept several anchored ships toward the strait. The third wave was described as “extremely powerful,” flooding parts of the city. Residents took refuge on a nearby hill and plan to stay until the threat passes. In a separate incident, a kindergarten building in Petropavlovsk-Kamchatsky was also damaged by the quake.

The U.S. Treasury plans to borrow $1 trillion in the July–September quarter, raising its target by $453 billion due to lower-than-expected cash inflows and a deepening budget deficit. It anticipates ending September with $850 billion in cash. In Q4, it expects to borrow another $590 billion. Analysts warn this move, driven by high interest rates and economic uncertainty, could impact global markets and future fiscal policy. In Q2, actual borrowing fell short of earlier projections despite plans for larger debt.

A powerful 8.8 magnitude earthquake struck Russia’s Kamchatka Peninsula, causing a tsunami in the North Pacific. Waves reached Japan’s Hokkaido, and tsunami warnings were issued for Hawaii, Alaska, and even New Zealand. In Russia and Japan, evacuations were carried out, and minor damage was reported. Hawaii sounded sirens, and Oregon warned of small waves. While no major injuries or deaths have occurred, authorities urge coastal residents to stay alert for aftershocks and potential second waves.