Politics
Trump’s new tariffs on dozens of countries take effect – National TenX News

U.S. President Donald Trump began levying higher import taxes on dozens of countries Thursday, just as the economic fallout of his monthslong tariff threats has begun to create visible damage for the U.S. economy.
Just after midnight, goods from more than 60 countries and the European Union became subject to tariff rates of 10 per cent or higher. Products from the EU, Japan and South Korea are taxed at 15 per cent, while imports from Taiwan, Vietnam and Bangladesh are taxed at 20 per cent. Trump also expects the EU, Japan and South Korea to invest hundreds of billions of dollars in the U.S.
“I think the growth is going to be unprecedented,” Trump said Wednesday afternoon. He added that the U.S. was “taking in hundreds of billions of dollars in tariffs,” but he couldn’t provide a specific figure for revenues because “we don’t even know what the final number is” regarding tariff rates.
Despite the uncertainty, the Trump White House is confident that the onset of his broad tariffs will provide clarity about the path of the world’s largest economy. Now that companies understand the direction the U.S. is headed, the Republican administration believes they can ramp up new investments and jump-start hiring in ways that can rebalance the U.S. economy as a manufacturing power.
But so far, there are signs of self-inflicted wounds to America as companies and consumers alike brace for the impact of new taxes. What the data has shown is a U.S. economy that changed in April with Trump’s initial rollout of tariffs, an event that led to market drama, a negotiating period and Trump’s ultimate decision to start his universal tariffs on Thursday.
Economic reports show that hiring began to stall, inflationary pressures crept upward and home values in key markets started to decline after April, said John Silvia, CEO of Dynamic Economic Strategy.
“A less productive economy requires fewer workers,” Silvia said in an analysis note. “But there is more, the higher tariff prices lower workers’ real wages. The economy has become less productive, and firms cannot pay the same real wages as before. Actions have consequences.”
Even then, the ultimate transformations of the tariffs are unknown and could play out over months, if not years. Many economists say the risk is that the American economy is steadily eroded rather than collapsing instantly.

“We all want it to be made for television where it’s this explosion — it’s not like that,” said Brad Jensen, a professor at Georgetown University. “It’s going to be fine sand in the gears and slow things down.”

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Trump has promoted the tariffs as a way to reduce the persistent trade deficit. But importers sought to avoid the taxes by importing more goods before the taxes went into effect. As a result, the $582.7 billion trade imbalance for the first half of the year was 38 per cent higher than in 2024. Total construction spending has dropped 2.9 per cent over the past year.
The economic pain isn’t confined to the U.S. Germany, which sends 10 per cent of its exports to the U.S. market, saw industrial production sag 1.9 per cent in June as Trump’s earlier rounds of tariff hikes took hold. “The new tariffs will clearly weigh on economic growth,” said Carsten Brzeski, global chief of macro for ING bank.
Dismay in India and Switzerland
The lead-up to Thursday fit the slapdash nature of Trump’s tariffs, which have been variously rolled out, walked back, delayed, increased, imposed by letter and frantically renegotiated. The process has been so muddled that officials for key trade partners were unclear at the start of the week whether the tariffs would begin Thursday or Friday. The language of the July 31 order to delay the start of tariffs from Aug. 1 only said the higher tax rates would start in seven days.
Trump on Wednesday announced additional 25 per cent tariffs to be imposed on India for its buying of Russian oil, bringing its total import taxes to 50 per cent.
A top body of Indian exporters said Thursday the latest U.S. tariffs will impact nearly 55 per cent of the country’s outbound shipments to America and force exporters to lose their long-standing clients.

“Absorbing this sudden cost escalation is simply not viable. Margins are already thin,” S.C. Ralhan, president of the Federation of Indian Export Organizations, said in a statement.
The Swiss executive branch, the Federal Council, was expected to hold an extraordinary meeting Thursday after President Karin Keller-Sutter and other top Swiss officials returned from a hastily arranged trip to Washington in a failed bid to avert steep 39 per cent U.S. tariffs on Swiss goods.
Import taxes are still coming on pharmaceutical drugs, and Trump announced 100 per cent tariffs on computer chips. That could leave the U.S. economy in a place of suspended animation as it awaits the impact.
Stock market remains solid
The president’s use of a 1977 law to declare an economic emergency to impose the tariffs is also under challenge. The impending ruling from last week’s hearing before a U.S. appeals court could cause Trump to find other legal justifications if judges say he exceeded his authority.
Even people who worked with Trump during his first term are skeptical that things will go smoothly for the economy, such as Paul Ryan, the former Republican House speaker, who has emerged as a Trump critic.
“There’s no sort of rationale for this other than the president wanting to raise tariffs based upon his whims, his opinions,” Ryan told CNBC on Wednesday. “I think choppy waters are ahead because I think they’re going to have some legal challenges.”
Still, the stock market has been solid during the recent tariff drama, with the S&P 500 index climbing more than 25 per cent from its April low. The market’s rebound and the income tax cuts in Trump’s tax and spending measures signed into law on July 4 have given the White House confidence that economic growth is bound to accelerate in the coming months.
Global financial markets took Thursday’s tariff adjustments in stride, with Asian and European shares and U.S. futures mostly higher.
Brzeski warned: “While financial markets seem to have grown numb to tariff announcements, let’s not forget that their adverse effects on economies will gradually unfold over time.”
As of now, Trump still foresees an economic boom while the rest of the world and American voters wait nervously.
“There’s one person who can afford to be cavalier about the uncertainty that he’s creating, and that’s Donald Trump,” said Rachel West, a senior fellow at The Century Foundation who worked in the Biden White House on labor policy. “The rest of Americans are already paying the price for that uncertainty.”
Politics
U.S. scraps Palestinian officials’ visas ahead of UN General Assembly – National TenX News

The Trump administration said Friday it was denying and revoking U.S. visas from members of the Palestinian Authority and the Palestine Liberation Organization.
That comes ahead of next month’s United Nations General Assembly, where Canada and several other countries have said they intend to officially recognize a Palestinian state.
The U.S. State Department cited the groups’ efforts to secure statehood recognition at the UN, along with their appeals to the International Criminal Court and International Court of Justice to investigate alleged Israeli crimes in Gaza, as reasons for the decision by U.S. Secretary of State Marco Rubio.
“Both steps materially contributed to Hamas’s refusal to release its hostages, and to the breakdown of the Gaza ceasefire talks,” the department said in a statement.
“The Trump Administration has been clear: it is in our national security interests to hold the PLO and PA accountable for not complying with their commitments, and for undermining the prospects for peace.”
The statement did not name the officials being denied entry. It was not immediately clear if the list included Palestinian Authority President Mahmoud Abbas, who was expected to travel to New York for the UN gathering.

The Palestinians’ ambassador to the UN, Riyad Mansour, told reporters at the UN headquarters that they were checking exactly what the U.S. move means “and how it applies to any of our delegation, and we will respond accordingly.”

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Representatives assigned to the Palestinian Authority mission at the UN, led by Mansour, will be granted waivers so they can continue their New York-based operations, the U.S. statement said.
Mansour said Abbas still intends to lead the delegation to the high-level meetings and is expected to address the General Assembly — as he has done for many years — and to attend a meeting on the afternoon of Sept. 22 on a two-state solution co-chaired by France and Saudi Arabia.
U.S. President Donald Trump will travel to New York and address the general assembly on Sept. 23, the White House said on Thursday.
Canada, Britain, Australia and France in recent weeks have announced or signalled their intention to recognize a Palestinian state during the meeting.
The countries have said their recognition is conditional on the Palestinian Authority — which has limited self-rule over parts of the occupied West Bank and has for years been positioning itself as a legitimate government alternative to Hamas in Gaza — undergoing reforms and new elections.
Abbas has signalled he will co-operate with the Western nations’ demands.
The Palestinian Liberation Organization is an internationally recognized coalition that represents Palestinian people in its occupied territories and abroad.

The Trump administration has staunchly backed Israel’s military offensive in Gaza. The U.S. has also refused to condemn expanded Israeli settlements in the West Bank, which Canada and other allies have said undermine two-state solution efforts.
Rubio hosted Israeli Foreign Minister Gideon Saar in Washington on Wednesday “to reaffirm our two nations’ close cooperation,” the U.S. secretary said in a post on X.
Saar, asked after the meeting what the plan was for a Palestinian state, said there would not be any.
The Israeli minister on Friday thanked Rubio for holding the PA and PLO “accountable for rewarding terrorism, incitement and efforts to use legal warfare against Israel” in a social media statement.
Officials with the Palestinian Authority reject that they’ve undermined peace prospects.
Under the 1947 UN “headquarters agreement,” the U.S. is generally required to allow access for foreign diplomats to the UN in New York. But Washington has said it can deny visas for security, terrorism and foreign policy reasons.
Hamas earlier this month said it had accepted a U.S.-backed proposal on a ceasefire in Gaza that would see the release of some hostages in exchange for talks with Israel that would end the conflict and see the return of all remaining hostages.
But Israel has said it will only accept the full return of all the hostages and has pressed ahead with a plan to occupy Gaza City, which international monitors like the UN have warned could worsen a famine already afflicting the Palestinian territory.
Rubio last week announced sanctions against multiple International Criminal Court judges and prosecutors involved in the court’s investigation into Israel’s actions in Gaza and the issuing of arrest warrants against Israeli Prime Minister Benjamin Netanyahu and former defence minister Yoav Gallant.
—With files from Reuters
© 2025 Global News, a division of Corus Entertainment Inc.
Politics
Israel launches new offensive in Gaza, says remains of 2 hostages returned – National TenX News

Gaza City is now a dangerous combat zone, Israel says, adding that it is in the “initial stages” of a planned offensive that has drawn international condemnation.
Israel’s military said it suspended midday pauses to fighting, which had allowed food and aid supplies to enter from 10 a.m. to 8 p.m. in Gaza’s largest city.
It also said it had recovered the body of a hostage and the remains of another, and vowed its military offensive would return more.
The shift comes weeks after Israel first announced plans to widen its offensive in Gaza City, where hundreds of thousands of displaced people are sheltering and enduring famine.

Father of hostage calls recovery operation a ‘bittersweet moment’
Israel’s recovery of more hostages Friday felt like a “stab in the stomach” for Rubi Chen, who believes his son is still in captivity in Gaza.
Israel said it had returned the body of one captive and the remains of another from Gaza Friday. It identified one as Ilan Weiss, a man killed in the initial Hamas attack.
“It’s a bittersweet moment that the Weiss family is reunited with their loved one, even though he’s coming back not as they would have wanted,” said Chen. “But at least they have closure … there are still 49 families waiting to have that closure.”
Chen said his family has received intelligence that his son did not survive the Oct. 7 attack but Hamas has not provided any information about his son’s whereabouts.
Netanyahu details hostage recovery operation
The Israeli prime minister said the body of a dead Israeli and the remains of another were recovered following an operation in the Gaza Strip by Israeli forces and the country’s internal security service Shin Bet.

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Netanyahu said Friday one set of remains belongs to Ilan Weiss who was killed on Oct. 7, 2023 while defending Kibbutz Be’eri against attacking Hamas gunmen.
The remains of the second Israeli are now being examined for positive identification at the Institute of Forensic Medicine.
Weiss’ wife Shiri and daughter Noga, also kidnapped in the Hamas attack, were released from captivity in November 2023.
He has two other daughters.
The Israeli Hostages and Missing Families Forum said the return of all hostages remains the “highest national priority” and urged the Israeli government to enter into negotiations “and stay at the table until every last hostage comes home.”
Israeli military says attack on Gaza City will intensify
A spokesman for the Israeli military says the country’s forces have started their attack on Gaza City which are operating “with great force” on the city’s outskirts.
Avichay Adraee, the Arabic-speaking spokesman for the Israeli Defense Forces, posted on X Friday that the military operation is in its initial phase, but that the Israeli military will “intensify our strikes” and “will not hesitate” until all Israeli hostages are returned and Hamas is dismantled “militarily and politically.”
Adraee said Israel is “not waiting” and is moving ahead with its attack against Hamas which has “transformed from a military organization into a defeated organization waging guerrilla warfare.”
The U.N.’s humanitarian agency said they were “deeply concerned” by the military’s statement that it would intensify its operation in Gaza City.
It predicted that the offensive would have a “horrific impact on people already exhausted, malnourished, bereaved, displaced, and deprived of basics needed for survival.”
It said UN and NGO teams would remain on the ground in Gaza City to provide life-saving support but maintained that its work would need to be facilitated.
Israel says hostage bodies recovered
Prime Minister Benjamin Netanyahu’s office said in a statement that the body of Ilan Weiss of Kibbutz Be’eri and the remains of another unnamed hostage were returned to Israel.
“The campaign to return the hostages continues continuously. We will not rest or be silent until we return all of our hostages home — both the living and the dead,” Netanyahu said.
Israel on Friday said its military had recovered the bodies of two hostages, including an Israeli man who was killed in the Oct. 7, 2023, attack that sparked the war.
Of the 251 hostages taken by Hamas-led militants almost 22 months ago, roughly 50 remain in Gaza including 20 that Israel believes to be alive.

Israeli military begins Gaza City offensive
Israel declared Gaza’s largest city a dangerous combat zone and said it was in the ″initial stages″ of a planned offensive that has drawn international condemnation.
The suspension comes weeks after Israel first announced plans to widen its offensive in Gaza City, where hundreds of thousands of displaced people are sheltering and enduring famine.
440 people are now sheltering inside Gaza’s only Catholic church, spokesman says
A spokesman for Gaza’s only Catholic church said some 440 people who have taken shelter there had unanimously agreed to stay, despite word that Israel was preparing to mount a new military offensive in the Palestinian territory.
Farid Jubran told The Associated Press Friday that their decision to stay in Gaza City’s Holy Family Catholic Church was made of their own free will and “wasn’t imposed on the people.”
He said five clergy have also stayed in the church to assist those sheltering that include women, children and older people.
But Jubran, who is currently outside of Gaza, said it’s “up to them” if they want to leave the church at some point later.
The spokesman said there are no additional measures that have been taken inside the church to bolster the safety of the people.
He said “when we feel danger, people get closer to the walls or whatever, it’s more protected” but that the church “doesn’t have any specific defenses.”
© 2025 The Canadian Press
Politics
Canada places further sanctions on Russia over Moldova interference claims – National TenX News

Ottawa is placing further sanctions on Russia after allegations that Moscow interfered to influence elections in Moldova, Foreign Affairs Minister Anita Anand’s office said on Thursday.
Canada is imposing sanctions against 16 individuals and two entities under the Special Economic Measures (Moldova) Regulations for their role in “Russia’s malign interference activities in Moldova,” Anand’s office said.
“These individuals have actively participated in coordinated efforts aimed at destabilizing the democratically elected government in Moldova. They are associated with politician and businessman Ilan Shor, who has been sanctioned by Canada, and who fled Moldova in 2019,” the statement continued.

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The list of people who’ve been sanctioned include officials of the Shor Party, a political party led by Ilan Shor. The party was sanctioned by the Canadian government in June 2023.
The list also includes former officials of Moldova and officials of the Autonomous Territorial Unit of Gagauzia, “a region in Moldova whose current administration has strong links to Russia.”
Canada is also placing sanctions on members of pro-Russian Moldovan media outlets accused of “disseminating disinformation,” as well as “other participants in Russia’s malign operations abroad.”
The two entities on which Canada placed sanctions Thursday include Victory/Pobeda, a political bloc led by the Shor Party, and a Shor-backed paramilitary group that Canada accused of being “involved in organizing a series of anti-government protests in Moldova in 2023.”
Anand’s office said Canada is rolling out these measures “as political actors and organizations under Mr. Shor’s influence are ramping up their efforts to interfere in Moldova’s next parliamentary elections, which will be held on September 28, 2025.”
© 2025 Global News, a division of Corus Entertainment Inc.
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