Shares of Tesla tumbled 8% at the opening bell Monday as the feud between CEO Elon Musk and Trump reignited over the weekend. Musk, once a top donor and ally of Trump, announced that he was forming a third political party in protest over the Republican spending bill that passed late last week.

WASHINGTON (AP) – President Donald Trump on Monday placed a 25% tax on goods imported from Japan and South Korea, citing persistent trade imbalances with the two crucial U.S. allies in Asia. Trump provided notice of the tariffs to begin on Aug. 1 by posting letters on Truth Social.

Excerpts from recent editorials in the United States and abroad:

NEW YORK (AP) – Just over three months ago, President Donald Trump unveiled his most sweeping volley of tariffs yet – holding up large charts from the White House Rose Garden to outline new import taxes that the U.S. would soon slap on goods from nearly every country in the world.

BRIDGEWATER, N.J. (AP) – Elon Musk say he’s carrying out his threat to form a new political party after his fissure with President Donald Trump, announcing on X that he is forming the America Party in response to the president’s sweeping tax cuts law.

SAO PAULO (AP) – Police in Brazil have arrested a suspect in connection with a cyberattack that diverted more than 540 million Brazilian reais (about $100 million) from the country’s banking systems, authorities said Friday.

Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for bankruptcy protection as U.S. consumers increasingly bypass its products for healthier or cheaper options.

NEW YORK (AP) – Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in August in a move that could further reduce gas prices this year. They cited a “steady global economic outlook” and low oil inventories.