The NewsWorthy New Trade Deals, Fed Defies Trump & Lollapalooza From Home - Thursday, July 31, 2025
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Jul 31, 2025 President Trump's latest trade declarations are stirring up global reactions as countries scramble to meet deadlines. The Federal Reserve continues to resist political pressure while a new deal is struck with an Ivy League school. Former Vice President Kamala Harris hints at her next career move, and a former NBA All-Star faces legal trouble in a gambling sting. Plus, fans can enjoy this year's popular music festival from the comfort of home!
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Trump's Trade Tariff Strategy
- President Trump increased tariffs on imports from India and Brazil to exert economic pressure.
- He excluded India from trade deals and used sanctions alongside tariffs on Brazil's political figures.
Fed Resists Rate Cuts Amid Growth
- The U.S. GDP grew 3% in Q2 after shrinking in Q1, signaling economic rebound.
- The Federal Reserve kept interest rates steady despite Trump's push to lower them, fearing inflation.
Brown U. Settles Discrimination Complaints
- Brown University agreed to pay $50 million to restore federal funding after discrimination complaints.
- The deal includes commitments to support Jewish students and acceptance of definitions required by the Trump administration.