BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Australia and Japan Strengthen Defence Cooperation Amid Rising Regional Tensions 
Trump Administration Tightens H-1B Visa Vetting With New Focus on Free Speech and Censorship 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Maduro Confirms “Respectful” Call With Trump, Signals Openness to Diplomatic Dialogue 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
U.S. Expected to Expand Travel Ban to More Than 30 Countries 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
U.S. Justice Department Orders Intensified Probe Into Antifa and Domestic Extremist Groups 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
U.S. Repatriation Flight Carrying 266 Venezuelan Migrants Lands in Caracas 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
New Orleans Immigration Crackdown Sparks Fear as Federal Arrests Intensify 
U.S. President Donald Trump announced a 30% tariff on goods imported from the European Union and Mexico, effective August 1, sparking immediate backlash from global leaders and economists.
EU Council President Antonio Costa criticized the tariffs as harmful to growth and inflationary. European Commission President Ursula von der Leyen emphasized the EU’s preference for negotiation but warned of “proportionate countermeasures” if no deal is reached. Spain’s Prime Minister Pedro Sanchez called the tariffs “unjustified,” and Dutch Prime Minister Dick Schoof labeled them “concerning,” reiterating full support for the EU Commission’s response strategy.
From Germany, VDA President Hildegard Mueller said unresolved car import tariffs and the new measures are costing companies billions. BDI’s Wolfgang Niedermark warned that the move threatens jobs and undermines transatlantic cooperation. Italian Prime Minister Giorgia Meloni’s office urged all sides to avoid polarization and stay focused on talks.
U.S. Senator Amy Klobuchar criticized the policy as a “$2,000+ Trump tariff tax” on American families. Ireland’s Trade Minister Simon Harris and economist Dan O’Brien both cautioned against escalation, highlighting the rising risk of a broader EU-U.S. economic conflict. Cyrus de la Rubia from Hamburg Commercial Bank argued that tariffs would ultimately hurt the U.S. more, triggering inflation and weaker growth. José Carlos Díez, professor at the University of Alcalá, said a 30% tariff would severely damage European exports, particularly industrial goods, and warned that such aggressive trade policy hasn't been seen since 1945.
As global markets brace for potential retaliation, pressure mounts on both sides to reach a resolution before the August deadline. The escalating U.S.-EU trade tensions could significantly impact global supply chains, inflation, and investor confidence.
