In a sweeping move that rattled global markets and reignited debates over trade nationalism, former President Donald Trump announced a new wave of tariffs targeting imports from the European Union, Mexico, and Brazil. The 30% duties, set to take effect August 1, are part of what Trump called a “One Big Beautiful Bill” — a legislative package combining infrastructure investment, tax reform, and trade recalibration.
The tariffs, aimed at steel, automotive parts, and agricultural goods, have already triggered early signs of inflationary pressure and investor unease. Wall Street dipped slightly, while Bitcoin surged past $120,000 as investors sought safe-haven assets amid uncertainty.
Trump’s move is framed as a defense of American manufacturing and a rebuke of what he called “foreign manipulation and globalist sabotage.” Critics argue the tariffs could strain diplomatic ties and disrupt supply chains, but supporters see it as a long-overdue correction to decades of trade imbalance.
Meanwhile, ICE raids intensified across California, with nearly 200 undocumented workers detained in Camarillo and Los Angeles. The administration’s crackdown on illegal immigration is drawing fire from human rights groups, but Trump’s base views it as a restoration of law and order.
In a symbolic gesture of transatlantic diplomacy, King Charles extended a second state visit invitation to Trump — a rare honor, though Parliament remains in recess and no speech is expected.
The broader message from Washington is clear: the era of passive globalization is over. With rare earth mining resuming in Wyoming and infrastructure projects breaking ground nationwide, the U.S. is signaling a return to economic self-reliance.
