Reuters World News Tariffs blitz, Canada's Palestinian stance, Fed and CEO sackings
5 snips
Aug 1, 2025 The podcast covers U.S. tariff plans aimed at Brazil, South Korea, and India, raising investor concerns. Canada announces intentions to recognize Palestinian statehood if violence in Gaza doesn't cease. It also discusses the alarming humanitarian crisis in Gaza affecting families and children. Additionally, there's a notable rise in CEO resignations linked to economic pressures and the demand for better governance. The episode highlights political developments, including Kamala Harris's decision not to run for California governor.
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Trump’s Tariffs Shake Trade Relations
- President Trump announced new tariffs on imports from South Korea, Brazil, and India, with penalties partly due to India's Russian arms and oil purchases.
- India wants a deal but resists giving up farm and dairy sectors important to Modi's political base.
Canada’s Palestinian Recognition Plan
- Canada plans to recognize Palestinian statehood if Gaza fighting doesn't stop by September, following assurances of Palestinian elections excluding Hamas.
- The US and Israel reject Canada's move amid ongoing complex US-Canada trade negotiations nearing an August 1 deadline.
Gaza Aid Struggles and Malnutrition
- Amal Abu Asi describes humiliating struggles for insufficient aid in Gaza, with food and nutrition scarce for children.
- At Nasser Hospital, three-month-old Watin weighs less than birth weight, illustrating severe malnutrition crisis.