Australia Progresses AUKUS Review as U.S. Affirms Strong Support 
Trump’s Name Appears on U.S. Institute of Peace Ahead of Rwanda–Congo Deal Signing 
U.S. Justice Department Orders Intensified Probe Into Antifa and Domestic Extremist Groups 
Maduro Confirms “Respectful” Call With Trump, Signals Openness to Diplomatic Dialogue 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
California Launches Portal for Reporting Alleged Misconduct by Federal Immigration Agents 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Pentagon Probe Finds Hegseth’s Use of Signal Risked Exposing Sensitive Yemen Strike Details 
Trump Backs Review of U.S. Childhood Vaccine Schedule After Hepatitis B Policy Change 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Cuba Quietly Signals Openness to Post-Maduro Venezuela as U.S. Pressure Intensifies 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
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. President Donald Trump and UK Prime Minister Keir Starmer signed a new tariff agreement on the sidelines of the G7 Summit in Canada, aiming to deepen trade ties between the two nations. The deal reduces tariffs on key UK exports, including automobiles and aerospace components, while leaving steel and aluminum tariffs partially unresolved.
Under the agreement, the U.S. will lower tariffs on UK-made vehicles, allowing up to 100,000 cars annually to enter the U.S. at a 10% tariff—less than half the rate imposed on other countries. Tariffs on UK aerospace products, including parts and planes, will be eliminated entirely. Trump mistakenly referred to the agreement as an EU deal before clarifying it was with Britain.
The UK avoided steep tariffs of up to 50% on steel and aluminum, which could have taken effect by July 9. A quota-based exemption will be applied to these sectors, pending UK assurances on supply chain security. Commerce Secretary Howard Lutnick will determine quota limits.
The agreement also grants reciprocal access for 13,000 metric tons of beef, with UK food safety standards remaining in place. In return, Britain will reduce tariffs on U.S. beef and ethanol.
UK Trade Secretary Jonathan Reynolds hailed the deal as a major win for the UK's aerospace and automotive industries, noting Britain is the only nation to have secured such an arrangement with Washington. Both sides continue to negotiate preferential terms for pharmaceuticals and protections against future Section 232 tariffs.
Trump summed up the agreement by saying, “The UK is very well protected. You know why? Because I like them.” The agreement will take effect seven days after publication in the Federal Register.
