2026-07-24
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This is The World in Brief from The Economist.
Top stories.
The Trump administration imposed tariffs of between 10% and 12.5% on goods from 60 countries,
accusing them of failing to police imports of goods made with forced labour.
They begin on Friday when a separate 10% levy expires.
Donald Trump has repeatedly adjust his tariffs
since the Supreme Court struck down their main legal justification in February.
Brent crude, the international oil benchmark, rose above $100 a barrel for the first time since May.
Mr Trump told Axios, a news site, that he was mulling a, quote, massive attack on Iran.
Meanwhile, the Houthis, Iranian-backed militants, struck two Saudi Arabian oil tankers in the Red Sea.
Mr Trump said he would hold Iran responsible for further attacks.
American stocks fell as investors fretted over tech firms' AI spending.
The S&P 500 and the tech-heavy Nasdaq declined by around 1.2% and 2.2%, respectively.
Shares in Alphabet, Google's parent company,