US President Donald Trump on Friday (July 18, 2025), while attacking the Wall Street Journal and its owners, filed a defamation suit of $ 10 billion (about Rs 83,000 crore). The lawsuit has been filed in the federal court in Florida, in which Trump has made two journalists from News Corp owner Rupert Murdoch, Dow Jones Company and Wall Street Journal.

Trump alleges that the Wall Street Journal deliberately published a false and objectionable report, claiming that in 2003 he sent a message to the notorious investor Jeffrey Epstein on his birthday. This message mentioned a pornographic picture and “their shared secrets”. Trump has described this report as baseless, false and character abusing.

Donald Trump made this big claim

The US President said that this report was published with the objective of harming his reputation and political career. Trump claims that this false news has caused him serious economic and social damage. He wrote in his response on Truth Social, “I am waiting for Rupert Murdoch to put it in the dock in the court. His garbage heap newspaper, Wall Street Journal, will now be accountable. This lawsuit is going to be a historic experience.”

Trump has long been accusing the mainstream media of biased reporting. Now he has dragged Murdoch directly into court. At the same time, there has been no official response to this case from Dow Jones, News Corp and Murdoch.

Trump had warned publicly earlier

Significantly, Dow Jones is the owner of the Wall Street Journal and is a subsidiary of the news corp. Trump had also publicly warned that if false reporting did not stop, he would take legal action against Murdoch.

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Us stock market falls: US President Donald Trump on Monday announced to put 25 percent new tarf under the trade deal over his business partner countries South Korea and Japan. These new rates will be applicable from August 1. Along with this, Trump has also expressed the possibility of a mini trade deal with India soon. He warned Japan and South Korea that if any country imposes counter -tariffs, then the US will be imposed tariff in proportion to the same rate.

US market declines

Here, the US market has seen a decline between Trump’s announcement of this new tariff and fears of trade war. Dow Jones went down 1.2 percent i.e. 525 points, while Nasdaq composite fell down one percent. Whereas, S&P 500 has also fallen 0.9 percent.

Stocks of Honda Motor and Toyota Motor have also fallen by 4 percent, while Google’s parent company Alphabet Inc. and Apple’s stocks also affected it and it is 1 percent. The stocks of NVIDIA and AMD have also seen a decline.

10 percent additional tariff on BRICS group

President Donald Trump also threatened to put 10 percent of additional tariffs over the countries of the BRICS group supporting anti -American policies. The threat by Trump was given at a time when the US tariff was criticized without being named Trump during a conference in Brazil.

Significantly, the group of BRICS countries includes Brazil, Russia, China, India and South Africa. Apart from this, when the expansion was done, Indonesia, Egypt, Iran, Ethiopia and UAE were also included in it. Also, Belarus, Vietnam and Cuba are also included.

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