Indonesia Proposes Joint Critical Minerals Investment to U.S. Amid Tariff Talks

EU and U.S. Upbeat on Trade Deal Ahead of July Deadline

Many EU leaders said they were ready to accept some degree of imbalance in a trade deal to avoid an escalation, according to a report.

Trump Terminates All U.S.-Canada Talks Over Digital Services Tax, Threatens New Tariffs

U.S. Treasury Secretary Bessent said the administration could launch a tariff investigation against Canada in the face of the digital services tax due Monday.

EU Said to Consider Lower Tariffs to Secure Swift Trade Deal with U.S. amid Internal Division

Most EU members reportedly suggested that reaching a quick deal with the US is better than holding out for a perfect one, even if many of U.S. tariffs remain in place, but France rejected any deal skewed in favor of the U.S., and pushed for total rollback of tariffs.

White House Says Trump Could Extend the July Deadline for Tariffs

White House press secretary Karoline Leavitt said the deadline is "not critical". White House Council of Economic Advisers chairman Stephen Miran said the deadline could be rolled back for countries that are negotiating in good faith and making progress.

U.S. to Make 10 Major Trade Deals in Two Weeks, Talks with India at Close Finish Line, Commerce Chief Says

Trump said White House will have a "very big " deal with India. But India-U.S. trade talks was reported to hit a roadblock over disagreements on tariffs for auto parts, steel and farm goods.

Trump Threatens Doubling Tariffs after Spain Refuses to Raise Defense Spending

Trump said Spain is "the only country that is not paying" after a joint declaration showed NATO members have agreed to raise their defense spending to 5% of GDP annually by 2035.

EU Vows to Retaliate If U.S. Remains a 10% Baseline Tariff

"We will need to retaliate and rebalance in some key sectors if the US insists on an asymmetrical deal," said the EU's industry chief Stephane Sejourne.

EU Reported to Prepare for New Counter-Tariffs on U.S. to Push for Better Trade Deal

The European Commission President chief of staff told EU's ambassadors the commission was preparing measures hitting U.S. services, including levies on American tech companies and limiting access to public procurement contracts for American businesses.

South Korea Seeks Tariff Exemptions in Trade Talks as Steel Exports to U.S. Plunge

South Korea's steel exports to the U.S. in May tumbled 16.3% and export unit price fall 9.4% from a year ago. U.S. steel tariffs appear to have begun affecting South Korea's steel shipments in May as domestic steelmakers lowered their export prices to maintain a certain level of exports.