President Trump announced Thursday he would impose tariffs on goods imported from more than 80 countries, a sweeping move that could reshape global trade. The tariffs, which are expected to be implemented over the coming weeks, will target a wide range of products, from consumer electronics to agricultural goods. The administration has not yet released a specific list of the countries or products that will be affected, but sources indicate that the tariffs could impact as much as $500 billion in trade.

The move comes as the Trump administration continues its "America First" trade policy, aiming to protect American industries and jobs. Critics, however, warn that the tariffs could lead to retaliatory measures from other countries, disrupting global supply chains and potentially increasing prices for consumers.

In other news, oil prices surged on Thursday, with West Texas Intermediate crude futures briefly touching $100 a barrel for the first time in seven years, driven by ongoing geopolitical tensions and concerns about supply disruptions. Analysts are closely watching the situation to see if the price increase will be sustained.