California Launches Portal for Reporting Alleged Misconduct by Federal Immigration Agents 
Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
U.S. Appeals Court Rules Trump Can Remove Members of Key Federal Labor Boards 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut 
Trump Meets Mexico and Canada Leaders After 2026 World Cup Draw Amid USMCA Tensions 
Drones Spotted Near Zelenskiy’s Flight Path in Ireland Trigger Security Alert 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Taiwan Opposition Criticizes Plan to Block Chinese App Rednote Over Security Concerns 
Trump Backs Review of U.S. Childhood Vaccine Schedule After Hepatitis B Policy Change 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Cuba Quietly Signals Openness to Post-Maduro Venezuela as U.S. Pressure Intensifies 
U.S. Expected to Expand Travel Ban to More Than 30 Countries 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Canada is preparing retaliatory measures as U.S. President Donald Trump’s decision to double steel and aluminum tariffs to 50% took effect, impacting key trading partners like Canada and Mexico. Prime Minister Mark Carney confirmed Canada will strike back if negotiations with Washington fail, while Ontario Premier Doug Ford urged action to counter the trade threat.
Trump’s tariffs, which exempt only the UK, are part of a broader strategy aimed at reshaping U.S. trade balances and reviving domestic manufacturing. The Republican leader argues that foreign nations exploit the U.S. through trade deficits, using tariffs as leverage to bring back jobs and industry.
Meanwhile, the European Union reported progress in trade talks with the U.S., with negotiators in Paris calling the discussions “constructive.” EU Trade Commissioner Maros Sefcovic said talks were concrete and moving forward, although he criticized the tariff increase, citing shared concerns over global steel overcapacity.
The Congressional Budget Office warned that Trump’s tariff hikes will reduce U.S. economic output. Industry experts predict the tariffs will raise costs across sectors, from automobiles and machinery to consumer goods like beer cans. The American Automotive Policy Council and the Aluminum Association voiced concern, with the latter urging exemptions for allies such as Canada.
Globally, the tariffs are amplifying supply chain disruptions. European auto manufacturers, including BMW, face rare earth shortages due to China’s export restrictions. Trump also criticized Chinese President Xi Jinping as difficult to negotiate with, casting doubt on upcoming talks.
The U.S. has requested “best offers” from trade partners by July 8 to avoid broader tariffs. So far, only the UK has reached a preliminary deal. As tensions rise, markets remain cautious but largely stable, expecting potential de-escalation.
