Here are the top global news stories for today, August 1, 2025:
🌍 Major international developments
1. Trump unveils sweeping trade tariffs on dozens of countries
U.S. President Donald Trump has issued an executive order imposing new tariffs on approximately 68–69 countries, effective in 7 days (mostly from August 7–8) (globaltimesnow.com, The Guardian).
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Tariff rates range from 10% to 41%, depending on the country.
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Canada is hit with a 35% tariff, Switzerland with 39%, India with 25%, Taiwan with 20%, and Brazil with as much as 50% (The Guardian).
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Global reactions vary: countries like Thailand and Pakistan are seeing reduced rates and are welcoming the terms, while nations such as Norway and New Zealand have expressed concern and plan to lobby for relief (AP News).
These tariffs triggered widespread market sell-offs and renewed fears of recession amid weak U.S. labor data showing just 73,000 jobs added in July, with downward revisions of prior months subtracting 258,000 jobs in total (The Guardian).
2. Global markets slide amid trade war and jobs slowdown
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Major global stock indices fell sharply today as investors responded to both the trade escalation and the weaker U.S. jobs report.
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Treasury yields dropped, and speculation grew that the Federal Reserve may be pressured into rate cuts—amid criticism from Trump calling on Fed Chair Powell to act swiftly (The Guardian).
Major global stock indices fell sharply today as investors responded to both the trade escalation and the weaker U.S. jobs report.
Treasury yields dropped, and speculation grew that the Federal Reserve may be pressured into rate cuts—amid criticism from Trump calling on Fed Chair Powell to act swiftly (The Guardian).
3. Ukraine and Russia: Zelenskyy signals openness to high-level talks
Ukraine’s President Zelenskyy said he is willing to meet directly with President Putin if Russia is genuinely interested in peace, stressing he expects "signals of a genuine willingness to end the war" before committing to talks (The Guardian).
4. Famine unfolding in Gaza amid dire humanitarian crisis
Doctors and aid organizations warn that Gaza is facing full-blown famine. Aid distribution has been marred by shootings at food sites and shortages of water and medical support.
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Human Rights Watch criticized the Gaza Humanitarian Foundation model as unsafe.
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The UN-backed food crisis body warns the worst-case scenario of famine is being realized (Sky News).
5. Global economic themes: rising uncertainty amid trade and policy shifts
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Analysts note the U.S. tariffs, volatile markets, and weak jobs data are shaping economic narratives.
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The UK’s Bank of England may cut interest rates to around 4%, while Mexico is also expected to lower rates amid trade-induced pressures.
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Meanwhile, OPEC+ is considering output increases of 550,000 barrels/day to stabilize global oil markets (Reuters).
Analysts note the U.S. tariffs, volatile markets, and weak jobs data are shaping economic narratives.
The UK’s Bank of England may cut interest rates to around 4%, while Mexico is also expected to lower rates amid trade-induced pressures.
Meanwhile, OPEC+ is considering output increases of 550,000 barrels/day to stabilize global oil markets (Reuters).
🔎 Additional notable updates:
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Al Jazeera led growth in English-language news websites in June 2025, with visits rising by 66% month-on‑month to 85.3 million (pressgazette.co.uk).
Al Jazeera led growth in English-language news websites in June 2025, with visits rising by 66% month-on‑month to 85.3 million (pressgazette.co.uk).
If you’d like more detail on any of these topics—such as reactions from specific countries like India or Bangladesh, economic projections, or coverage of Gaza—you can let me know.
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