Trump signs order to raise national park fees for foreign visitors
The football community grieves the loss of Diogo Jota in tragic car accident
The football world has paid tribute to Diogo Jota and his brother, who died in a car crash in Spain on Thursday. Liverpool FC fans gathered outside Anfield to mourn his death. The 28-year-old had recently married and was the father of three children.
Published On 3 Jul 2025
Leading analyst warns that Trump’s July 9 tariff deadline is causing market anxiety
The countdown to the 90-day freeze on sweeping Liberation Day tariffs expires next week, and President Donald Trump’s administration is a far cry from its “90 deals in 90 days” goal.
Trump’s self-imposed July 9 deadline follows his sweeping reciprocal tariffs address in April, which sparked global panic and caused the S&P to shed $5 trillion in value in about two days. As next week’s deadline approaches, the Trump administration has announced new trade agreements with countries including China, the U.K., Vietnam and Indonesia—but details about these agreements are scant, and no word of further deals being made yet has left U.S. consumers and investors with little clarity.
Investors have grown accustomed to the “TACO,” or Trump Always Chickens Out trade, where markets fall when Trump announces steep tariffs on imports and then jump back up when he pauses them. But experts say this pattern can’t last forever.
“Time’s ticking to get deal frameworks in place,” Wedbush Securities Senior Equity Research Analyst Dan Ives told Fortune. “Even though the market has shrugged it off, for businesses that operate every day, there’s massive unknowns and a lot of white knuckles. It’s a key week and a key few months ahead [for] tariffs.”
Economists already expect current tariff rates to increase costs on consumer goods this summer—these prices could increase further after July 9. Pantheon Macroeconomics economists wrote in a note on Thursday that there is an “imminent risk” of a temporary jump in tariffs rates across the board as the deadline nears. If imposed, reciprocal rates could boost consumer prices from tariffs to 1.5% from 1% under the current tariff rates, they wrote.
But experts are skeptical that Trump will maintain any reciprocal rates imposed next week, as he’s lowered rates in the past as talks with trade partners have continued. Trump and China formalized a rare earth deal in June, after Trump briefly charged 125% duties on Chinese imports in April.
“In the end, however, we expect any ratcheting-up of the tariffs to be short-lived. Other countries will respond forcefully; they all saw Mr. Trump fold to pressure from China in May,” the Pantheon economists wrote. “The weaker economic backdrop compared to April and the further decline in the president’s approval rating since then also suggest an eventual climbdown is likely.”
Some experts even anticipate little change as the deadline approaches, as current pacts with major trade partners still need to be refined.
“So far we have a tiny number of agreements which are themselves not very detailed,” UBS Chief Economist Paul Donovan told Fortune in an email Thursday. “The Chinese ‘agreement’ is simply a partial de-escalation of an unsustainable deal. The UK ‘agreement’ is partially implemented with plenty of disagreement on the outstanding details. The deadline is likely to serve as a point from which further extensions or continuation of negotiations will be announced.”
Trump’s credibility in question
Markets have grown accustomed to Trump walking back on extreme tariffs threats. Now, experts say Trump’s next moves will inform whether countries in negotiations with the U.S. have a similar mentality.
“[Trump] certainly doesn’t want to be accused of chickening out because it would hurt his credibility in any future negotiations,” Thierry Wizman, Macquarie Group financial markets economist, told Fortune. “The focus is always on showing that he can in fact cut you off.”
Wizman does expect some deals to be announced, though, which he says will be touted by the administration.
“Trump can always come out and say, ‘We have a deal,’ but it will be a deal that’s very narrow in scope. So they’ll segregate the things that they have agreed on and say that’s a deal like with China,” Wizman said. “There’s a whole bunch of ways this can go right, and it’s also a whole bunch of ways it can be spun.”
Experts say to expect continued talks past July 9 with many major trading partners like the EU.
“The deadline is probably not going to change very much—mostly the status quo will be retained while negotiations continue with more or less vigour depending on the importance of the bilateral relationship,” UBS’ Donovan wrote, “Uncertainty about the ultimate outcome will persist. If there is any attempt to escalate, investors are likely to shrug their shoulders and wait for U.S. President Trump to retreat.”
Trade with China
China accounts for about 37.6% of U.S. imports this year, according to supply chain intelligence platform project44. This is a 0.1% increase from 2024.
Still, Wizman says whatever trade agreements to come in the near future may look to lock out China from moving capital in and out of other countries’ supply chains. He says this may be a focus in trade agreements with countries like Japan, South Korea and the EU.
“If you can get these countries to depend on bilateral trade with the U.S. and depend less on China, then you basically bolt these countries into the U.S. orbit permanently,” Wizman said.
BBC Interview with Gaza Aid Contractor Reveals Witnessing Colleagues Firing on Starving Palestinians
Lucy Williamson
BBC Middle East correspondent
A former security contractor for Gaza’s controversial new Israel- and US-backed aid distribution sites has told the BBC that he witnessed colleagues opening fire several times on hungry Palestinians who had posed no threat, including with machine guns.
On one occasion, he said, a guard had opened fire from a watchtower with a machine gun because a group of women, children and elderly people was moving too slowly away from the site.
When asked to respond the Gaza Humanitarian Foundation (GHF) said the allegations were categorically false.
They referred us to a statement saying that no civilians ever came under fire at the GHF distribution sites.
The GHF began its operations in Gaza at the end of May, distributing limited aid from several sites in southern and central Gaza. That followed an 11-week total blockade of Gaza by Israel during which no food entered the territory.
The system has been widely criticised for forcing vast numbers of people to walk through active combat zones to a handful of sites. Since the GHF started up, Israeli forces have killed more than 400 Palestinians trying to retrieve food aid from its sites, the UN and local doctors say. Israel says the new distribution system stops aid going to Hamas.
Continuing his description of the incident at one of the GHF sites – in which he said guards fired on a group of Palestinians – the former contractor said: “As that happened, another contractor on location, standing on the berm overlooking the exit, opened up with 15 to 20 shots of repetitive weapons fire at the crowd.
“A Palestinian man dropped to the ground motionless. And then the other contractor who was standing there was like, ‘damn, I think you got one’. And then they laughed about it.”
The contractor, who spoke to us on condition of anonymity, said GHF managers had brushed off his report as a coincidence, suggesting that the Palestinian man could have “tripped” or been “tired and passed out”.
The GHF claimed the man who made these allegations is a “disgruntled former contractor” who they had terminated for misconduct, which he denies. He showed us payslips suggesting that he continued to be paid for two weeks after leaving the post.
SUPPLIEDThe man we spoke to, who said he had worked at all four of the GHF distribution sites, described a culture of impunity with few rules or controls.
He said contractors were given no clear rules of engagement or standard operating procedures, and were told by one team leader: “if you feel threatened, shoot – shoot to kill and ask questions later”.
The culture in the company, he said, felt like “we’re going into Gaza so it’s no rules. Do what you want.”
“If a Palestinian is walking away from the site and not demonstrating any hostile intent, and we’re shooting warning shots at them regardless, we are wrong, we are criminally negligent,” he told me.
He told us that each site had CCTV monitoring the activity in the area, and GHF insistence that no one there had been hurt or shot at was “an absolute bare-faced lie”.
GHF said that gunfire heard in footage shared with the BBC was coming from Israeli forces.
Team leaders referred to Gazans as “zombie hordes”, the former contractor said, “insinuating that these people have no value.”
The man also said Palestinians were coming to harm in other ways at GHF sites, for example by being hit by debris from stun grenades, being sprayed with mace or being pushed by the crowds into razor wire.
He said he had witnessed several occasions in which Palestinians appeared to have been seriously hurt, including one man who had a full can of pepper spray in his face, and a woman who he said was hit with the metal part of a stun grenade, improperly fired into a crowd.
“This metal piece hit her directly in the head and she dropped to the ground, not moving,” he said. “I don’t know if she was dead. I know for a fact she was unconscious and completely limp.”
ReutersEarlier this week more than 170 charities and other NGOs called for the GHF to be shut down. The organisations, including Oxfam and Save the Children, say Israeli forces and armed groups “routinely” open fire on Palestinians seeking aid.
Israel denies its soldiers deliberately shoot at aid recipients and says the GHF’s system provides direct assistance to people who need it, bypassing Hamas interference.
The GHF says it had delivered more than 52 million meals in five weeks and that other organisations “stand by helplessly as their aid is looted”.
The Israeli military launched a campaign in Gaza in response to Hamas’s 7 October 2023 attack on Israel, in which about 1,200 people were killed and 251 others were taken hostage.
At least 57,130 people have been killed in Gaza since then, according to the territory’s Hamas-run health ministry.
Additional reporting by Gidi Kleiman and Samantha Granville
MBW’s Music Business UK Awards to make a comeback in London this November with support from YouTube
The UK music industry’s most enjoyable night out is BACK.
The Music Business UK Awards 2025, presented by MBW, will take place on the evening of Tuesday, November 4, at the De Vere Grand Connaught Rooms in London.
The event is once again presented in association with our headline supporter, YouTube.
As with previous years, the MBUK Awards will recognize the brightest and best of the UK music business – and beyond.
Categories will celebrate achievement in fields including songwriting, production, A&R, legal, artist management, music publishing, and recorded music.
A clutch of extra-special moments will return, including our ICON Award, and an International Executive Of The Year prize, recognizing a non-British executive who has gone above and beyond for UK & Irish music in the previous 12 months.
Meanwhile, The Sir George Martin Award, will celebrate an individual who has not only achieved global success in music, but also fostered a rare level of respect and friendship in the artist/songwriter community.
Tim Ingham, founder of Music Business Worldwide, said: “This year’s Music Business UK Awards promises to be the best yet, and something of a birthday party in Music Business Worldwide’s 10th anniversary year!
“We’re busy pulling together some special moments, honoring some extraordinary people.”
Dan Chalmers, YouTube’s Head of Music for Europe, Middle East, and Africa, said: “It was a no-brainer decision for YouTube to continue as Headline Sponsor of the MBUK Awards and we couldn’t be happier to be the main partner for the industry’s most enjoyable night out of the year as MBW celebrates its 10th anniversary.
“We’re proud to help make possible an awards ceremony that shines the spotlight on the most creative aspects of the business, the people and companies who most directly help artists realise their visions – from A&Rs and managers to songwriters and producers.
“On top of all that, it’s also always a fantastic evening of celebration and good vibes. Can’t wait!”
Fair warning: As in previous years, we expect all Diamond and Platinum tables for the Music Business UK Awards to sell out QUICKLY, ahead of the nominee shortlists being announced in September.
For 2025 tickets and table information please visit the official Music Business UK Awards website, or email Rebecca@musicbizworldwide.com.
To lock in one of a limited number of sponsorship opportunities, please contact Dave@musicbizworldwide.com.Music Business Worldwide
Los Angeles Police Officers Violated Protocols and Harmed Protesters
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Using evidence that’s hidden in plain sight, our investigative journalists present a definitive account of the news — from the Las Vegas massacre to a chemical attack in Syria.
Using evidence that’s hidden in plain sight, our investigative journalists present a definitive account of the news — from the Las Vegas massacre to a chemical attack in Syria.
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Gill surpasses Tendulkar record in second Test as England takes on India
With 269 runs, captain Shubman Gill breaks Sachin Tendulkar’s record for most scored outside the Indian subcontinent on day two of second Test.
England have stumbled to 77-3 to trail India by 510 runs on day two of their second Test after skipper Shubman Gill scored a record-breaking 269 and their seamers struck early to put the tourists in a commanding position at Edgbaston.
India were charged up on Thursday when Akash Deep picked up two wickets in two balls before Mohammed Siraj also got in on the act to clean up England’s top order and leave them tottering at 25-3 on what had been a good batting wicket.
Ben Duckett nicked a ball to third slip, where Gill took a smart diving catch before Ollie Pope fell the very next delivery for a duck when Deep drew an edge and the ball flew to KL Rahul in the slips.
Dropped catches had cost India the first Test at Headingley, but this time, they stuck as Siraj drew an edge from Zak Crawley to find Karun Nair at first slip.
“Fielding was definitely one of those things we spoke about as a team, and it’s great to see that come off so far,” Gill told the broadcaster Sky Sports.
“This game was all about confidence. We spoke about if we scored 400 again, batting first or batting second, we would be right in the game.”
Harry Brook (30) survived a review for LBW thanks to the umpire’s call, but he and Joe Root (18) absorbed the pressure to see out the day with an unbeaten 52-run partnership.
Record-breaking Gill
Earlier, Gill became the first Indian to score more than 250 outside the Indian subcontinent, breaking Sachin Tendulkar’s record of 241, while he also recorded the highest score by an India captain when he went past Virat Kohli’s 254.
Gill had hardly put a foot wrong over the first two days of the Test, but he briefly lost his concentration after tea when he tried to dispatch a short ball from Josh Tongue, only to find Pope at square leg.
But the Edgbaston crowd rose to their feet to salute the captain’s knock as he walked back to the pavilion, his job done after India found themselves reeling at 211-5 on day one.
“I worked on a few things before the series that I thought might be important for me going into Test cricket,” said Gill, who has scored 424 runs in the series.
“Looking at the results, they are working for me.”
Having resumed on an overnight score of 310-5, Jadeja and Gill built a 203-run stand before the all-rounder fell to a Tongue bouncer, but Gill looked completely at ease on a flat track that offered precious little assistance.
As England’s bowlers toiled under the summer sun, Gill hardly broke a sweat and put a price on his wicket as he showcased his array of elegant drives and well-timed flicks to pile on the runs.
Take a bow, Shubman
Gill made his trademark bow once again after becoming the first India skipper to score a double-hundred in England and soon broke Sunil Gavaskar’s 46-year-old record for the highest score by an Indian in England (221 in 1979).
He was soon toying with the attack and the placement of fielders, coolly switching between sublime and unorthodox shots as he dispatched the ball to all corners of the ground.
With Washington Sundar playing patiently at the other end, Gill was in Twenty20 mode as they cruised past the 500-mark and a rare outside edge went for a boundary to take the captain to 250.
Root finally broke the seventh-wicket partnership of 144 when a delivery broke through the defence of Sundar as he departed for a well-made 42.
India’s tail added only 13 runs after Gill’s dismissal, but that gave their bowlers 20 overs to take a crack at England’s batters on a fruitful day as they look to level the series.
Enhanced Laptop Productivity with Color ePaper Trackpad
If, like me, you use a wireless mouse when working on a laptop, your trackpad probably doesn’t see much action. Asus suggested double duty as a second screen back in 2018, and now E Ink is doing the same with some help from Intel.
Like the Asus solution, the color ePaper touch panel can serve as a trackpad for moving a cursor around the main display but can also serve up AI-powered applications. And since it only draws power when the display is refreshed, it should be pretty energy efficient when it performs second-screen duties.
“With the development tools and reference architecture provided by the Intel® Smart Base ecosystem, we’ve created ultra-slim, energy-efficient modules optimized for AI PC designs,” said E Ink’s JM Hung. “These modules enable seamless integration of ePaper displays into laptop touchpad areas – delivering crisp visuals, low power consumption, and a novel interactive experience.”
It’s unclear when (or even if) such modules will be rolled out to laptops in the wild, or any additional costs that might tag onto the ticket price, but E Ink sees it being useful for accessing shortcuts or displaying system notifications, providing AI-generated summaries of text or imagery shown on the main screen, punching up gaming tactics, or just displaying social feeds, weather updates and so on.
It could perhaps field chatbot queries and replies, and it might be home to meeting transcripts, as well as a space for note taking or displaying custom artwork – which could remain in view even when the laptop is powered off.
The ePaper should also be kinder to the eyes than emissive display technology. And though some E Ink readers and ePaper tablets do have front lighting for continued use after hours, there’s no suggestion of such things here so, at the moment at least, users will need decent ambient lighting to clearly see what’s being displayed.
E Ink hasn’t shared exactly what flavor of color ePaper is being used in this productivity solution for laptops, but its most recent display products have been based around Spectra 6 or Kaleido 3. We’ll have to wait and see which makes it through to the first laptops.
Source: E Ink
Huron Consulting Director, Lockhart, unloads $142,209 worth of stock
Huron consulting director Lockhart sells $142,209 in stock