Mexico will continue to pay a 25% Fentanyl Tariff, 25% Tariff on Cars
Trump issued the 50-day timeline to Putin in July
Trump has said his administration will send out letters soon to some 200 countries
nvestors are now awaiting developments in EU-U.S. negotiations
Pressure has ramped up on EU and U.S. negotiators to come to an agreement by Aug. 1
U.S. tariffs stoked demand concerns
Trump said he was “open to talk” on trade, including with Europe
The signing ceremony was attended by Syrian President Ahmed al-Sharaa
Trump stated that tariffs ranging between 25% and 30% would take effect from August 1, 2025
South Korea's Kospi gained 1.8%
The shift in the White House’s strategy reflects the challenges of completing trade agreements
Crude prices were already headed for a 12% decline
Arab allies have repeatedly asserted that they will not take part in the postwar rehabilitation of Gaza absent Israeli acquiescence to the Palestinian Authority gaining a foothold in Gaza
Markets are now focused on the July 9 U.S. tariff pause deadline
Sanchez also reportedly thanked NATO allies for “respecting Spain’s sovereignty.”
Trump appeared to suggest that Israel and Iran would have some time to complete any missions that are underway
In Iran, images from the capital showed the night sky lit up by a huge blaze
U.S. West Texas Intermediate crude fell 18 cents, or 0.3%, to $67.97 a barrel
Tensions escalated after China imposed export restrictions on several rare earth elements
The Bank of Russia took rates down by 100 basis points to 20%
Musk has stepped up criticism of the president's massive tax legislation
Euro zone inflation fell below the 2% ECB target rate in May
The Dow Jones Industrial Average rose 18.57 points, or 0.04%
The latest tariff news could see steel redirected to other markets such as Europe
Brent crude futures were down 99 cents, or 1.5%, at $63.73 a barrel
The reports came following a four-day trip by U.S. President Donald Trump through the Gulf region
The presidential visit is drawing several Wall Street and Silicon Valley titans to the Saudi kingdom
Analysts at Citi Research lowered their three-month price forecast for Brent to $55 per barrel
China definitely wants to see the trade war deescalate