International
Trump defends policy after China fires US with 125% tariffs

US President Donald Trump, on Friday insisted that his tariff policy was doing really well despite China hiking levies on US goods to 125 percent in the spiraling trade war between the world’s two biggest economies.
According to reports, investors dumped US government bonds, the dollar tumbled and stocks seesawed after Beijing’s retaliation against Trump deepened concerns on already traumatized global markets.
Recall that Trump sent financial markets into a tailspin by announcing sweeping import taxes on dozens of trade partners last week, only to abruptly roll them back to 10 percent on Wednesday for 90 days, while raising levies on goods from China.
“We are doing really well on our tariff policy. Very exciting for America, and the World!!! It is moving along quickly,” Trump said in a post on his Truth Social network.
Later, the White House said that Trump remained hopeful about a deal with China, adding that 15 other countries have offers on the table during his 90-day pause in their tariffs.
However, Press Secretary Karoline Leavitt reiterated that Trump made it very clear, when the United States was punched that he woul punch back harder.
International
Senegal scraps Akon’s $6bn Wakanda-inspired city project
Akon will retain just 8 hectares of the original land allocation, which will be absorbed into the broader development.

• Akon
The government of Senegal has cancelled Akon’s $6 billion plan to build a futuristic “Akon City” on the country’s Atlantic coast, after years of inaction and missed payments by the Senegalese-American singer.
Bloomberg reports that the project, first announced in 2020, was pitched as a tech-driven smart city inspired by Marvel’s Wakanda and promised to transform the quiet village of Mbodiène into a modern hub powered by solar energy and Akon’s own cryptocurrency.
But five years later, the Senegalese government has reclaimed most of the 136 acres of land initially allocated to the singer, after construction failed to begin and financial commitments were not met.
“That project no longer exists,” Serigne Mamadou Mboup, head of Sapco-Senegal, the state agency responsible for developing coastal and tourism zones, told L’Agence de presse sénégalaise.”
Bloomberg reports on Wednesday that SAPCO said it would now pursue a scaled-down, state-backed tourism project in the same area, with a budget of 665 billion CFA francs (about $1.2 billion), largely sourced from private investors.
Akon will retain just 8 hectares of the original land allocation, which will be absorbed into the broader development.
Despite the setback, officials say the revised plan could generate up to 15,000 jobs in its first phase, offering long-awaited economic hope for Mbodiène residents.
International
Russian minister commits suicide after sack by Putin
Starovoyt, 53, served as Russia’s transport minister since May 2024.

Russia’s former transport minister Roman Starovoyt killed himself Monday, July 7, 2025, hours after being officially dismissed by President Vladimir Putin.
The country’s Investigative Committee confirmed the incident via a statement on Monday.
Authorities said Starovoyt’s body was found in a Moscow suburb after the firing was announced, with “suicide” being considered the most likely cause of death.
Starovoyt, 53, served as Russia’s transport minister since May 2024.
He was previously the governor of the Kursk region, where Russia had battled a Ukrainian incursion.
The Investigative Committee said: “Today, the body of former Transport Minister Roman Starovoyt was found in his private car with a gunshot wound in the Odintsovo district.
“The main version (considered) is suicide.”
Russian state media and news agencies said Starovoyt shot himself.
It was not clear exactly when Starovoyt died.
(The Star.ng)
International
Trump threatens extra 10% tariff on nations siding with Brics
A deadline for countries to agree a tariff deal with the US had been set for 9 July but US officials now say they will begin on 1 August.

US President Donald Trump has warned that countries which side with the policies of the Brics alliance that go against US interests will be hit with an extra 10% tariff.
Trump has long criticised Brics, an organisation whose members include China, Russia and India, which was designed to boost countries’ international standing and challenge the US and western Europe.
“Any country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% tariff.
There will be no exceptions to this policy,” Trump wrote on social media.
A deadline for countries to agree a tariff deal with the US had been set for 9 July but US officials now say they will begin on 1 August.
(BBC)
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