Breakfast News Recap: US Iran conflict widens as trade, shipping and diplomacy tensions mount
The biggest escalation came in the US Iran confrontation, with Donald Trump saying Iran will pay after multiple American service members were killed, while Tehran said it had targeted US radar and air defence sites in Kuwait and Bahrain as the Gulf standoff widened. 🔗 🔗That conflict is already feeding through to energy markets, with average petrol prices in the United States rising to $4.00 a gallon for a second straight week as tensions around the Strait of Hormuz pushed oil higher and traffic through the waterway thinned. 🔗Maritime security across the wider region also deteriorated, as Yemen's Houthis объявed... [Continue Reading]
360LiveNews Recap | 21 Jul 2026 08:40 LONDON
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Trump orders new 50% tariffs on many Canadian goods as trade dispute escalates
US President Donald Trump has signed orders to impose new 50% tariffs on many Canadian goods, deepening a trade dispute between the two countries. The White House said the duties will take effect in 30 days and will cover a range of products including wine, hockey sticks and cement. The measures were presented as a response to what Trump called discriminatory treatment of American alcohol, automobile and dairy products.The administration said the tariffs will be imposed under Section 338 of the Tariff Act of 1930, an untested legal provision that Trump has turned to after several of his earlier tariffs... [Continue Reading]
360LiveNews | 21 Jul 2026 02:59 LONDON
Trump touts grocery price cuts and pressures chains to follow Giants Eagle and Walmart
President Donald Trump made multiple posts on Truth Social in the last hour: I have just been informed that Giant Eagle, a GREAT American Grocery Company, will be lowering Prices, by a lot, across more than 300 products this Summer, through Labor Day, to help hardworking American families. Giant Eagle, like Walmart, is stepping up in a big and bold way to answer my call to lower costs for working families. We will continue to bring Prices DOWN, just like Oil, Gas, Eggs, and Prescription Drugs, all of which are dropping FAST after the disaster we inherited from Sleepy Joe... [Continue Reading]
Breaking-360LiveNews | 20 Jul 2026 11:00 LONDON
Wildfire smoke keeps air quality warnings in place across the US as fires continue to burn
Warnings of dangerous air quality are expected to remain in place across large parts of the United States as smoke from out-of-control wildfires in Ontario and Minnesota continues to drift east. The affected areas include the mid-Atlantic, the Northeast, the Midwest and the Great Lakes regions, with some places likely to see only temporary relief. Officials say the smoke plume is still shifting, leaving uncertainty over where the worst conditions will settle next.The National Weather Service said pockets of improvement may come from rain and thunderstorms in parts of the mid-Atlantic and Northeast, but those same storms could also bring... [Continue Reading]
360LiveNews | 18 Jul 2026 15:29 LONDON
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UN urges probe into deaths in Pakistan-administered Kashmir unrest
The United Nations human rights chief has called for an independent investigation into deadly unrest in Pakistan-administered Kashmir. Volker Turk urged Islamabad to carry out prompt, thorough and impartial inquiries into all civilian and security force deaths linked to the violence. The appeal comes as at least 31 people have been killed since last month, with tensions rising ahead of regional elections later this month.The unrest has centred on the Jammu Kashmir Joint Awami Action Committee, an umbrella group of traders and activists. The movement began with protests over rising food prices and utility tariffs, but the immediate dispute now... [Continue Reading]
360LiveNews | 17 Jul 2026 15:00 LONDON
United States to impose 25% tariffs on thousands of Brazilian imports from July 22
The United States is set to impose 25% duties on thousands of Brazilian imports, with the measures due to take effect on 22 July. The new tariffs cover a wide range of goods, including sugar, apparel, paper and steel. They were announced as Washington moves ahead with a revised trade strategy under Section 301 of US trade law.The announcement was made late on Wednesday by the US trade representative. Section 301 allows the United States to investigate what it considers unfair trade practices and then impose levies in response. The tariffs were proposed last month and are now moving toward... [Continue Reading]
360LiveNews | 16 Jul 2026 18:00 LONDON
India-UK trade deal and social security pact come into force
India and the United Kingdom have brought into force their Comprehensive Economic and Trade Agreement, alongside a separate social security arrangement, in a move both sides say will deepen economic ties. The agreements took effect on Wednesday and are expected to change tariff treatment on a large share of goods traded between the two countries. Prime Minister Narendra Modi described the step as a significant moment in the bilateral partnership.Under the trade pact, 99% of Indian goods entering the UK and 90% of UK goods entering India will either be duty-free or face reduced tariffs. The parallel Agreement on Social... [Continue Reading]
360LiveNews | 16 Jul 2026 01:00 LONDON
Businesses claw back tariff refunds after Trump tariffs ruled unlawful
Businesses around the world are receiving refunds of tariffs paid to the United States after Donald Trump's so-called liberation day tariffs were ruled unlawful. The refunds are being issued after the April 2025 measures triggered a sharp rise in import costs for companies selling into the US market. One Australian brand, Nashie, says it has already received a six-figure refund that included interest.Oxford Economics estimates that about US$80 billion in tariffs has been refunded since May, with interest paid at rates of up to 7%. The firm says the same amount is expected to be refunded again over the next... [Continue Reading]
360LiveNews | 15 Jul 2026 20:03 LONDON
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US opens safeguard review of lamb imports, including Australian supply
The United States International Trade Commission has opened a global safeguard investigation into lamb imports, a move that could affect shipments from Australia, the largest supplier to the US market. The review is examining whether imported lamb meat is threatening the domestic industry and whether additional tariffs should be imposed. The investigation was formally requested on 13 July by Ambassador Jamieson Greer.The case follows an October 2025 petition from the American Sheep Industry Association, which argued that imported lamb was being sold at lower prices, displacing local production and reducing profitability for US farmers. According to the supplied material, most... [Continue Reading]
360LiveNews | 15 Jul 2026 07:35 LONDON
US Senate revises Russia sanctions bill to soften tariffs on India and China
US senators have introduced a revised Russia sanctions bill that would ease proposed tariff measures aimed at major buyers of Russian oil and gas, while keeping broader pressure on Moscow. The legislation was first tabled in April 2025 and has now been updated as lawmakers seek to move it forward with bipartisan backing. It comes as the United States continues to weigh how to punish Russia over its energy revenues without sharply widening the economic impact on other countries.Under the revised proposal, the maximum tariff on the five largest buyers of Russian oil and natural gas would be cut to... [Continue Reading]
360LiveNews | 15 Jul 2026 05:30 LONDON
