U.S. Stocks Fall as Trump Renews Trade Tensions

美国股市下跌,特朗普重燃贸易紧张局势

WSJ What’s News

2025-07-08

13 分钟
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P.M. Edition for July 7. President Trump extended the deadline on so-called reciprocal tariffs to Aug. 1 while announcing 25% tariffs on goods from Japan and South Korea. Several more nations received similar notifications. Plus, heavy rain continues in Texas, where the death toll from the flash floods has risen to 90. And President Trump is meeting Israeli Prime Minister Benjamin Netanyahu at the White House. WSJ national security correspondent Michael Gordon discusses how a changed Middle East could be ripe for Trump’s dealmaking diplomacy. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
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  • Texas braces for more flash floods as rescuers search for survivors.

  • Plus, President Trump renews trade tensions while extending the reciprocal tariff deadline.

  • And Trump and Netanyahu meet to discuss the recent shifts in the Middle East.

  • The big prize that they're seeking is Israeli-Saudi normalization.

  • And there are a number of preconditions for that.

  • And the question is,

  • are we going to get some little steps in isolation or building blocks in service of a larger vision for the region?

  • It's Monday, July 7th.

  • I'm Alex Osola for The Wall Street Journal.

  • This is the PM edition of What's News,

  • the top headlines and business stories that move the world today.

  • We begin this evening with the latest on the flash floods in Texas,

  • which have so far killed at least 90 people.

  • Camp Mystic, a summer camp on the banks of the Guadalupe River in the state's hill country,

  • said today that it was grieving the loss of 27 girls and counselors.

  • Its longtime director was also feared dead.

  • Search and rescue operations have continued across the region today,

  • with an unknown number of people still missing.

  • But bad weather has impeded some of those efforts over the past few days.

  • And today, residents are bracing for even more heavy rains.