Here are a brief rundown of today’s top world news for today:
- U.S.-China Trade Tensions: The trade war continues to make waves, with China raising tariffs on U.S. goods to 125% in response to U.S. tariffs. However, smartphones and electronics have been exempted from the latest U.S. tariff hikes, providing some relief to markets.
- Ukraine-Russia Conflict: Reports suggest U.S. President Trump is pushing for control over a key pipeline in Ukraine that carries Russian gas, as part of negotiations to end the war. Meanwhile, a Russian missile reportedly struck an Indian pharmaceutical company’s warehouse in Kyiv, raising tensions.
- Middle East Developments: Israel has expanded its offensive in Gaza, while Iran and the U.S. held positive talks in Oman, hinting at diplomatic progress.
- Global Carbon Tax: The UN’s International Maritime Organization passed a historic global carbon tax on the shipping industry, backed by India and 62 other countries, to cut emissions.
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