PRESS DIGEST-New York Times business news - August 7

Reuters

Aug 07, 2025

PRESS DIGEST-New York Times business news - August 7

Aug 7 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- U.S. President Donald Trump's new tariffs on more than 90 countries took effect at midnight on Thursday, escalating a global trade war that is already impacting the U.S. economy.

- United Airlines UAL.O resumed operations late Wednesday after a system outage grounded its flights nationwide, with the Federal Aviation Administration warning of potential ongoing delays as the airline recovers.

- Trump imposed an additional 25% tariff on Indian exports, raising the total to 50%, effective August 27, as a penalty for India's continued purchase of Russian oil.

- Trump and Apple AAPL.O CEO Tim Cook unveiled a $100 billion investment to expand Apple's U.S. advanced manufacturing and supply chain, aiming to increase domestic sourcing and avert threatened iPhone tariffs.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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