U.S. President Donald Trump is expected to issue an executive order to clarify the country’s stance on tariffs for gold bullion, following reports that popular gold bar formats would be subject to import duties.

According to Financial Times, the United States has confirmed it will continue imposing retaliatory tariffs on 1 kg and 100-ounce gold bars imported from Switzerland. This decision is expected to trigger notable disruptions in the global gold market while putting significant pressure on Switzerland’s refining industry — recognized as the world’s largest hub for gold processing.

On August 7, US President Donald Trump officially nominated economist Stephen Miran, Chairman of the White House Council of Economic Advisers, to serve on the Board of Governors of the Federal Reserve, replacing Adriana Kugler.

On August 7, French President Emmanuel Macron held an important phone conversation with Ukrainian President Volodymyr Zelensky and several European leaders, reaffirming France’s strong support for Ukraine and calling for a ceasefire. The move is seen as a key diplomatic step aimed at paving the way for peace talks and ensuring security for both Ukraine and the whole of Europe.

Over 16,000 kilometers away from Washington, D.C., US President Donald Trump’s tariff policy is forcing Indonesia’s shrimp farms to rethink their export strategies. With the US — once the largest buyer — becoming a more difficult market, many Indonesian shrimp producers are seeking new destinations.

As the Russia–Ukraine conflict continues without a clear resolution, President Donald Trump’s administration is deploying a broader diplomatic strategy—using trade as a tool to weaken the China–Russia alliance and push Moscow toward the negotiating table.

As Western support continues to pour into Ukraine, the battle for Donbas has intensified, marking a new, grueling chapter in the war. Backed by the U.S. and Europe, Kyiv is striving to hold the line against Moscow’s mounting offensive aimed at dismantling Ukraine’s eastern defense belt.

In a bold move to tighten trade relations and increase pressure on countries continuing to engage with Russia amid the Ukraine conflict, U.S. President Donald Trump has signed an executive order raising import tariffs on Indian goods to a staggering 50%—the highest ever imposed on the South Asian nation.

The race to lead the U.S. Federal Reserve is heating up as President Donald Trump confirmed two top contenders to replace Jerome Powell when his term ends in May 2026: Kevin Hassett and Kevin Warsh.

Liangzhu, a lush suburb of Hangzhou in Zhejiang Province, is quickly transforming into a symbol of China’s AI revolution. Once celebrated for its 5,300-year-old archaeological sites showcasing ancient Chinese civilization, the area is now emerging as a hub for cutting-edge AI startups. Investors from across the country are flocking to meet ambitious founders, engineers, and AI developers.

Crude oil prices continued to decline on Tuesday (August 5), as investors reacted to a surprise output increase from OPEC+ and growing concerns over weakening global demand amid uncertain economic conditions in major economies.

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