August 1, 2025｜Russian Airstrikes・Trump Tariffs・Energy Market Trends… 7 Latest News Stories & Future Outlook

This article summarizes seven major global news topics reported on August 1, 2025, and offers forecasts based on their political and economic impacts.

1. Russian Missile Strike in Kyiv Kills 28

During a nighttime missile and drone attack on July 31, Russian forces killed 28 people and injured over 150 in Kyiv. The Ukrainian government has called for an emergency UN Security Council meeting.
Future Outlook

• International pressure may intensify, leading to tougher sanctions or new military aid resolutions.
• Continued front-line escalation could reignite concerns over Europe’s natural gas supply and further increase energy price volatility.

2. President Trump Imposes New Tariffs of 10–41% on 68 Countries and the EU

President Trump signed an executive order to levy additional tariffs, effective August 8, ranging from 10–41% on imports from 68 countries and the EU—25% on India, 20% on Taiwan, 30% on South Africa, 35% on Canada, and more. Asian markets all fell in response.
Future Outlook

• A wave of retaliatory tariffs may further fragment global supply chains.
• Higher import costs in the U.S. could push up consumer prices, influencing the Fed’s policy decisions through increased inflationary pressure.

3. Oil Prices Slip Nearly 1% Amid Tariff Uncertainty and Awaited U.S.–China Talks

On August 1, Brent crude closed down 0.97% at $72.53, and WTI fell 1.06% to $69.26. Confusion over supply and demand ahead of the tariff deadline and a wait-and-see mood ahead of U.S.–China trade negotiations weighed on prices.
Future Outlook

• Any extension or breakdown in U.S.–China talks will directly affect demand forecasts, likely causing continued short-term price swings.
• Decisions by key producers on further production cuts or increases, along with Middle East geopolitical risks, will remain primary drivers of oil prices.

4. U.S. Slaps Surprise 15% Tariff on New Zealand

On the same day, President Trump announced a 15% tariff on New Zealand goods. As the U.S.’s second-largest export destination for NZ in 2024, this move threatens dairy and wine industries.
Future Outlook

• New Zealand exporters will race to diversify into Asia-Pacific and European markets; the government may challenge the move at the WTO.
• With growing reliance on regional trade pacts, NZ is expected to boost its negotiating power within CPTPP and RCEP.

5. IMF Raises 2025 Global Growth Forecast to 3.0%

On August 1, the IMF revised its 2025 world GDP growth forecast up from 2.9% to 3.0%, citing European fiscal stimulus and a weaker U.S. dollar, while warning that sustained trade tensions pose a downside risk.
Future Outlook

• If protectionist pressures ease, export-led economies could rebound stronger, supporting long-term global growth.
• Conversely, intensifying tariff battles could complicate investment decisions and dampen consumption, slowing growth.

6. World Lung Cancer Day 2025—Experts Debunk Six Major Myths

On August 1, “World Lung Cancer Day,” specialists dispelled six common misconceptions: that only smokers are at risk, that low-tar cigarettes are safe, and that low-impact treatments aren’t available for the elderly, among others.
Future Outlook

• Demand for cutting-edge precision and minimally invasive treatments is expected to rise, spurring research investment in medical devices and pharmaceuticals.
• Health authorities will likely expand early screening programs, driving growth in the lung cancer screening market.

7. Ukraine Requests Emergency UN Security Council Meeting

Ukraine’s foreign minister formally asked for an emergency session of the UN Security Council to seek “immediate enforcement of international justice” following the Kyiv airstrikes. All eyes are on the draft resolution amid deep divisions among major powers.
Future Outlook

• Any resolution will almost certainly be vetoed by Russia, but the session will serve as a platform for political and legal condemnation and could add pressure for additional assistance.
• Western nations may accelerate new sanctions and military aid approvals, indirectly supporting ceasefire negotiations.

Summary & Outlook

• Trade Frictions: President Trump’s tariff strategy is amplifying uncertainty in global trade and accelerating supply-chain realignment.
• Energy Markets: Tariff deadlines and U.S.–China negotiations are unsettling oil markets, forcing a reevaluation of supply-demand balances.
• Geopolitical Risks: The Kyiv strikes and Middle East peace talks will significantly influence energy prices and defense spending.
• Health & Society: Advances in climate adaptation and cancer prevention are creating new investment opportunities, while international cooperation remains vital.

Governments and businesses must swiftly develop agile strategies to manage these layered risks and seize emerging opportunities.