Trump’s Tariff Escalation Sparks Global Economic Turmoil

The Times,

President Donald Trump has introduced sweeping “reciprocal” tariffs, including a 145% duty on Chinese goods and a 10% global tariff, aiming to pressure China and other trading partners. The abrupt implementation and subsequent partial rollback of these tariffs have unsettled global markets, with the S&P 500 experiencing a significant decline. While some advisers view this as a strategic maneuver, critics warn that such unpredictability could lead to long-term economic decoupling and increased inflation. China’s potential retaliatory measures, such as targeting U.S. firms and manipulating currency, add to the growing concerns over escalating economic conflicts.

Sudan Accuses UAE of Fueling Genocide in Darfur at World Court

Reuters,

Sudan has filed a case against the United Arab Emirates (UAE) at the International Court of Justice, alleging that the UAE violated the Genocide Convention by supporting the Rapid Support Forces (RSF) in attacks against the Masalit tribe in West Darfur in 2023. Sudan claims that the UAE supplied arms to the RSF, contributing to ethnic-based violence recognized by the U.S. as acts of genocide. The UAE denies these allegations, dismissing them as politically motivated. Legal experts suggest that the ICJ may lack jurisdiction due to the UAE’s reservations upon signing the Genocide Convention.

Experts Warn of Catastrophic Consequences of Space Warfare

The Sun,

Former Air Marshal Andrew Turner has raised alarms about the potential for space warfare to cripple modern society. As nations like the U.S., China, and Russia develop advanced anti-satellite weapons, the risk of disrupting essential services such as GPS, banking, and communication increases. Turner warns that an orbital conflict could regress society to an Edwardian-era standard of living, taking centuries to recover. The militarization of space, likened to a lawless “Wild West,” underscores the urgent need for international cooperation to prevent a devastating space war.

Trump’s Tariffs Lead to Global Sell-Off of U.S. Assets

Axios,

President Trump’s aggressive tariff policies have prompted a significant shift in global investment behavior, with foreign investors steadily selling off U.S. assets. The resulting capital flight has weakened confidence in the U.S. dollar and led to increased Treasury yields. China’s retaliatory measures, including higher tariffs on U.S. goods and targeting strategic resources, have further strained economic relations. The U.S. now holds the world’s second-highest tariff rate, raising concerns about long-term economic stability and the potential for a global recession.

Luxury Real Estate Market Sees Uptick Amid Market Volatility

New York Post,

Despite market turbulence caused by President Trump’s tariffs, the luxury real estate sector in the U.S. is experiencing growth. Affluent investors are turning to high-end properties as safer, tangible assets amid stock market volatility. The total value of U.S. household real estate reached $48.1 trillion in 2024, with luxury homes priced over $1 million showing resilience. International interest, particularly from Russian buyers, has resurged due to a more lenient U.S. policy stance. This trend highlights the luxury real estate market’s appeal as a stable investment during economic uncertainty.