US President Donald Trumpslapped new tariffs on 92 countries, including key allies. Canada, the US’s number two trade partner, was hit with a 35% rate. Taiwan, a critical semiconductor supplier, also faces fresh levies that could ripple through global tech supply chains, and India now faces a 25% rate. For some countries, Trump’s latest threats are actually a reprieve, as he lowered previously threatened rates: tiny Lesotho, which Trump once said “nobody has ever heard of,” will now face a 15% duty, down from 50%. The new levies take effect on Aug. 9, but Mexico, the US’s largest trade partner, won a 90-day extension. Trump reached a deal with the EU earlier this week, and is still negotiating with China.
El Salvador’s legislature has voted to scrap presidential term limits, clearing the way for President Nayib Bukele to run for a third term, and potentially to stay in power indefinitely. Bukele – who once called himself the “world’s coolest dictator” – remains wildly popular after jailing thousands in a gang crackdown, but critics warn he’s dismantling a fragile democracy. Analysts say that the move may have spurred backlash from the US under previous administrations, but that Bukele is emboldened because of his close relationship with Trump.
Pennsylvania Governor Josh Shapiro says Trump's Iran war has made America weaker, more isolated, and no closer to a lasting solution in the Middle East.
Chris, an Army veteran, started his Walmart journey over 25 years ago as an hourly associate. Today, he manages a Distribution Center and serves as a mentor, helping others navigate their own paths to success. At Walmart, associates have the opportunity to take advantage of the pathways, perks, and pay that come with the job — with or without a college degree. In fact, more than 75% of Walmart management started as hourly associates. Learn more about how over 130,000 associates were promoted into roles of greater responsibility and higher pay in FY25.
Iran could reportedly receive up to $300 billion in a reconstruction fund for its battered economy as part of its interim peace deal with the US, but US President Donald Trump said on Wednesday that the US would not be the one paying for it.