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Tuesday Briefing: Trump's Tariff Leverage

President Trump is using aggressive trade tactics, demanding large investments in the United States from trading partners in exchange for lower tariffs. Countries like South Korea, the European Union, and Japan have pledged hundreds of billions of dollars in investments and purchases, though experts question the enforceability and realism of these commitments. Meanwhile, Tesla has awarded Elon Musk a new stock package worth $29 billion to retain him as chief executive, despite the company's declining sales and profits. In other major news, over 140 migrants are feared dead after a boat capsized off the coast of Yemen, highlighting the dangers faced by those seeking work in the Gulf states. The briefing also covers global political developments, sports updates, and highlights from the Edinburgh Festival Fringe.

Original article source: https://www.nytimes.com/2025/08/05/briefing/trump-tariff-yemen-migrant-africa-musk.html
Source Id: 2025-08-796325385

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