Trump’s Tariffs Impact the U.S Economy, Inflation Rises
An array of fresh automobiles embellish a plot at the Benicia Port in California as of Friday, Aug. 8, 2025. There has been a flurry of notable news events transpired throughout the past week. If you haven’t had the chance to stay updated, let’s delve into the key incidents that occurred during the week beginning on Aug. 3.
Trump’s controversial tariffs have become effective recently. The United States government marked the commencement of levying tariffs of 10% or possibly more on commodities imported from over 60 nations and the European Union as of this Thursday.
The Trump administration’s economic decisions, particularly tariffs, have started to show their impact on the American economy. With growth rate receding and the pace of creation of new jobs decelerating, this policy’s repercussions have been reflected in the American economy. In addition, a noticeable rise in inflation has been observed.
In a dramatic turn, Israel has expressed its intentions to possess Gaza City. This development emerged on Friday, representing a significant escalation in Israel’s conflict with Hamas. The situation in Gaza Strip seems to be deteriorating, looming towards a potential famine.
To justify the proposed occupation, Israeli Prime Minister Benjamin Netanyahu argued the necessity to eliminate Hamas from the region. This plan of action, according to Netanyahu, is deemed vital for achieving their objectives.
Nevertheless, not everyone sees the Israeli move in a positive light. Detractors of the plan have raised concerns that the intended occupation may likely result in an increased number of Palestinian casualties while leading to more displacement among the populace.
In other global developments, Trump acquiesced to a meeting with Putin about the Ukrainian situation. This offer came in the wake of threats of imposing additional sanctions on Russia, should the country fail to comply with a proposed ceasefire in Ukraine over the week.
The White House released a statement that the U.S. President has agreed to discuss the matters with his Russian counterpart. The dialogue with Putin is considered necessary as a means to stimulate peaceful negotiations and defuse the tension between the nations.
In what is regarded as a prime diplomatic victory for Putin, a sit-down has been organized for this coming Friday. The meeting is set to take place in Alaska.
This potential diplomatic coup perceived by many for Putin might have significant global political implications. The consequences of this diplomatic exchange are hence awaited with bated breath by the international community.