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Trump promises more tariff letters and warns BRICS of what’s coming

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CNN
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President Donald Trump said at least seven countries can expect tariff letters on Wednesday morning, as he ramped up pressure on nations to strike deals with the United States by saying his new August 1 deadline would not be extended.

The announcement came as Trump vowed to slap a 10% levy on imports from the BRICS group of emerging economies, revealed plans for a 50% tariff on copper imports and threatened a massive 200% import tax on pharmaceuticals, renewing uncertainty for the global economy and markets – which have already experienced months of volatility.

“A minimum of seven” tariff notices will be sent out to American trade partners Wednesday morning, Trump said on Truth Social Tuesday, adding that “an additional number of countries” would receive letters in the afternoon. Commerce Secretary Howard Lutnick told CNBC earlier on Tuesday that 15 to 20 letters are expected to be sent over the next two days.

The White House issued its first tranche of letters to 14 countries, including Japan, South Korea and South Africa on Monday, with tariff rates largely in line with those announced in April. Trump also signed an executive order officially pushing back the implementation date from July 9 to August 1, seemingly allowing a few more weeks for negotiations.

Trump said on Tuesday that there will be no further extension of the deadline. “All money will be due and payable starting AUGUST 1, 2025 – No extensions will be granted,” he posted on Truth Social. That marked a shift in tone from his comments the previous day that the August 1 date was “firm” but also “not 100% firm.”

The measured global reaction to the latest tariff news has stood in contrast to the global market turmoil sparked by his initial announcements of “reciprocal” tariffs targeting dozens of trading partners on April 2. He later announced a 90-day window for negotiations.

Until now, only the United Kingdom and Vietnam have reached framework agreements with the US, while China has agreed to a trade truce until August 12.

At his cabinet meeting Tuesday, Trump said he planned to send the European Union a letter informing it of tariffs to be imposed from August 1, despite progress on trade talks with the bloc over the weekend.

“We’re probably two days off from sending them a letter,” he said. “I just want you to know, a letter means a deal,” he added.

While commenting that the European Union is now “treating us very nicely,” he complained about the suits and fines the bloc has brought against American tech companies.

European Commission President Ursula von der Leyen said on X Wednesday that the EU is “working closely” in “good faith” with the Trump Administration to get an agreement.

A group of visitors stands in the European Parliament building in Strasbourg, France, on Tuesday, July 8, 2025.

At his Tuesday cabinet meeting, Trump said he plans to slap a 10% tariff on imports from the BRICS economic group of emerging market nations, including Brazil, Russia, India and China.

“If they’re a member of BRICS, they are going to have to pay a 10% tariff, just for that one thing – and they won’t be a member long,” Trump said.

Trump explained the BRICS tariff threat was being driven by a desire to protect the US dollar from potential threats to its dominance. In 2023, Brazil’s President Luiz Inácio Lula da Silva floated the idea of a BRICS currency, though it hasn’t been a focus of the group since then.

“BRICS was set up to hurt us, BRICS was set up to degenerate our dollar and take our dollar, take it off as the standard,” said Trump.

Workers prepare customers' orders at the main rice market in Jakarta, Indonesia, on July 9, 2025.

He added that the US dollar losing its status as the world’s reserve currency would be as damaging as “losing a war, a major world war.”

BRICS is an acronym of its early members: Brazil, Russia, India, China and South Africa. The economic club has expanded to include Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates. It’s not clear if Saudi Arabia has accepted an invitation to join BRICS. The group also has 10 lower-level partner countries, including Vietnam.

Trump’s comments came after he delivered a vague threat on Sunday night to impose an additional 10% tariff on countries “aligning themselves with the Anti-American policies of BRICS.”



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Europe

Violent clashes erupt between far-right groups and migrants in Spanish town

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Reuters
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Violent clashes erupted between far-right groups, local residents and North African migrants in a town in southeastern Spain late on Saturday following an attack on an elderly man by unknown assailants earlier in the week.

Five people were hurt and one was arrested during the unrest in Torre-Pacheco, local officials told Reuters, in one of the worst such episodes in the country in recent decades. The town was quieter on Sunday, but government sources said more arrests were expected.

Videos posted on social media showed men dressed in clothes bearing far-right symbols and migrants carrying Moroccan flags hurling objects at each other in Saturday night’s violence, which followed several days of lower intensity unrest.

Tensions flared up between local residents and migrants after the elderly man was attacked in the street on Wednesday, causing injuries from which he is recovering at home. The reasons behind the assault are unclear and no one has been arrested.

The central government’s representative in the area, Mariola Guevara, told Spanish public TV the attack was being investigated.

She also denounced “hate speech” and “incitement to violence,” as far-right groups moved into the town, and said additional Guardia Civil officers would be deployed to deal with the violence.

Nearly a third of Torre-Pacheco’s population is of foreign origin, according to local government data.

The area surrounding the town, which is located in the Murcia region, also hosts large numbers of migrants who work as day laborers in agriculture, one of the pillars of the regional economy.

Less than two weeks ago, Murcia’s government had to backtrack on a proposal to buy housing to accommodate unaccompanied migrant minors as the ruling conservative People’s Party (PP) was threatened by far-right Vox, whose support the PP needs to pass laws.

In 2000, violent anti-immigration protests broke out in the Almeria town of El Ejido in southern Spain after three Spanish citizens were killed by Moroccan migrants.



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EU announces delay to its trade countermeasures against United States until early August

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CNN
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The European Union will delay the implementation of its trade countermeasures against the United States from Monday until early August to allow more time to negotiate a deal.

At a news conference on Sunday, Ursula von der Leyen, president of the European Commission, referenced the letter the United States sent to the bloc Saturday, which threatened to impose a 30% tariff on European goods exports on August 1 absent a trade agreement.

“We will therefore also extend the suspension of our countermeasures till early August,” she said at the briefing in Brussels. “At the same time, we will continue to prepare further countermeasures so we are fully prepared.”

“We have always been very clear that we prefer a negotiated solution. This remains the case, and we will use the time that we have now till the 1st of August (to negotiate),” von der Leyen added.

In mid-April, the EU said it was suspending until July 14 its planned countermeasures on €21 billion ($25 billion) worth of US exports, unveiled earlier in retaliation for the 25% tariff Washington slapped on all steel and aluminum imports.

The bloc has also been preparing additional countermeasures in response to further tariffs announced by US President Donald Trump. On Sunday, von der Leyen said the 27-nation bloc had “developed a second potential list of countermeasures” and has sought to diversify its trade relationships, citing a “big and important” free trade deal with Indonesia.

According to the US Trade Representative’s office, EU member countries are together America’s largest trading partner at nearly $976 billion in two-way goods traded in 2024.

Von der Leyen noted that the EU prefers to negotiate a trade solution with the United States.

“Few economies in the world match the European Union’s level of openness and adherence to fair trading practices,” she said on Saturday.



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Ukraine says it killed Russian agents suspected of assassinating intelligence officer

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CNN
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Ukraine’s Security Service said Sunday they had killed Russian special service agents suspected of gunning down a fellow officer in Kyiv earlier this week, saying it believed Russia’s Federal Security Service was responsible.

SBU officer Ivan Voronych was shot dead in Kyiv on Thursday morning in what authorities told CNN was an apparent assassination.

The suspects – a man and a woman – tried to “lay low” after the shooting, the SBU said in a statement Sunday.

However, SBU and National Police officers established their whereabouts in the Kyiv region, the statement added.

The head of the SBU, Vasyl Malyuk, said; “As a result of covert investigative and active counterintelligence measures, the enemy’s lair was discovered.”

He continued, “During their arrest, they began to resist, there was an exchange of fire, and the scoundrels were eliminated.”

“I want to remind you that the only prospect for the enemy on the territory of Ukraine is death!” he said in a video, which was apparently filmed in front of the suspect’s bodies.

According to the SBU, the two had been ordered to trail their target to establish his daily routine. They were then directed to a safe house where a pistol with a silencer was waiting for them.

The SBU is Ukraine’s main security service, responsible for both internal security and sabotage operations against Russia. Among others, it was responsible for Ukraine’s audacious drone attack against Russian airfields last month.

Voronych’s killing comes at a time when Russia has been escalating its attacks on Ukraine – this week saw both the largest and second largest drone attack of the conflict, now into its fourth year.



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