Significant Global Events

Escalating India-Pakistan Tensions:

Following a deadly terrorist attack in Kashmir, Pakistan claims that India is planning imminent military action. India has suspended a water-sharing treaty and visas for Pakistani citizens, further increasing tensions. There are fears of a potential military escalation.

Trump's Tariffs and Global Trade:

The impact of tariffs imposed by the Trump administration continues to be a major global concern. China's export orders have dipped, and European growth outlook has been darkened due to these tariffs. Some US companies are scaling back shipments from China. There was also a brief issue with Amazon considering displaying tariff costs to consumers, which was resolved after a call between Trump and Bezos.