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 1. U. S. Slaps Record Tariffs on Major  Trade Partners The United States has launched the latest tariff hike in nearly a century,raising import duties on goods from China, Germany, Japan and others. The average tariff rate now exceeds 20%, triggering immediate backlash from global allies and economic uncertainty. Economists fear this could lead to a full-scale trade war, hunting American consumers and businesses as product prices climb. Tokyo and Berlin have signaled intentions to retaliate. President Donald Trump defended the move as a "protective measure for American industry", but Wall Street tumbled in early trading. Source :The Guardian Thanks for reading! Stay updated with WorldNewsInfo  2. Gold Prices Hit $3380 Amid Global Market Volatility As markets react to escalating US tariffs, investors have flocked to safe haven assets. Gold prices surged by 0.4% to $3380 per ounce _the highest level in history. Analysts predict gold could break $3500 by the end of August. ...