The inflationary effect of Trump’s tariffs on consumer prices is only beginning to emerge.
So far, the main burden of the trade war has fallen on American importing companies. However, they will increasingly pass these costs on to consumers, fueling price growth.
From April through June, U.S. consumers personally covered only 22% of tariff costs. Going forward, this share is expected to rise to 67%.

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The UK government has urged citizens to delete old emails and photos to help conserve water amid a national-level water shortage. Authorities claim this will reduce the load on data centers, which use significant amounts of water for cooling.

However, experts are baffled by the advice. According to their calculations, if the entire UK population rushes to delete old photos from servers, more energy and water could be consumed in the process than would be saved by simply storing the data.

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Brazil is preparing for an online meeting of BRICS leaders to discuss ways to strengthen economic ties in response to new tariffs imposed by the United States, President Luiz Inácio Lula da Silva announced.

Lula stated that he has already discussed the situation with the leadership of Russia, India, and China, and will soon hold phone talks with the president of South Africa.

The goal of the negotiations, he said, is to find alternative paths for economic development and to demonstrate the need for “democracy, mutual respect, and a multilateral approach” in international trade.

This move follows Washington’s threats of secondary sanctions and additional tariffs against countries maintaining strong trade relations with Russia. Earlier in August, Trump signed an order raising tariffs on Brazilian goods to 50%, with around 700 exemptions for strategic sectors.

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Admin's thoughts on the summit will be shared later when there is something to talk about. And of course, if there is something important for our topic, then the news will be here.

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The world's largest hedge fund, Bridgewater Associates, finalized its withdrawal from Chinese markets in the second quarter of 2025, selling all its holdings in U.S.-listed Chinese companies worth $1.41 billion.

Just months earlier, Ray Dalio’s flagship firm held stakes in 16 major Chinese companies, including Alibaba, JD.com, PDD Holdings, search engine Baidu, electric vehicle maker Nio, and restaurant chain Yum China.

Bridgewater redirected the proceeds from its China divestments into mega-cap U.S. technology stocks, significantly increasing its positions in leading artificial intelligence companies.

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Brazil has signed a memorandum with Russia to bolster financial and economic cooperation, following U.S. authorities’ threats of secondary sanctions or tariffs against the South American republic for continuing trade relations with Russia.

The memorandum aims to establish a regular bilateral dialogue between the two countries on macroeconomic policy, economic issues, tax cooperation, infrastructure financing, and strengthening multilateral cooperation within BRICS and the G20.

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OPEC has kept its forecast for global oil demand growth in 2025 unchanged at 1.29 million barrels per day, expecting demand to reach 105.14 million barrels per day, according to the organization’s August report.

A month earlier, OPEC projected global demand at 105.13 million barrels per day, but now expects it to be 105.14 million — 10,000 barrels per day higher.

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China's internet regulator has asked major tech firms, including ByteDance, Alibaba Group, and Tencent Holdings, to suspend purchases of NVIDIA's H20 chips, according to The Information.

The move is part of Beijing’s broader push to reduce reliance on advanced foreign semiconductors and promote domestic alternatives amid tightening U.S. export controls. The H20 chip, specifically designed for the Chinese market to comply with American restrictions, is reportedly under scrutiny for still enabling significant AI processing power.

The government is encouraging companies to shift toward homegrown solutions as part of its self-sufficiency drive in critical technologies.

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