U.S. and EU to form metals alliance to counter Chinese subsidised production
European steel and aluminium producers will receive tariff rate quotas, replacing the 50% import tariffs imposed earlier by the U.S
Trump to impose 15–20% tariffs on countries without trade deals
Trump administration plans to notify around 200 countries of the new rates, which will replace the 10% tariff introduced in April
U.S. and China hold Stockholm talks to extend tariff truce before August deadline
Without a new agreement, U.S. tariffs on Chinese goods could return to triple-digit levels, disrupting supply chains and global trade
U.S. smartphone market grows 1% as Indian-made phones gain ground
India becomes top smartphone manufacturing hub for U.S. market in Q2 as trade tensions and tariffs with China prompt supply chain shifts
U.S. Senator asks Musk to block Starlink use by Southeast Asian scam networks
Senator Maggie Hassan says groups in Myanmar, Thailand, Cambodia, and Laos are using Starlink to run illegal operations
U.S. energy firms gain as EU commits $750 billion for strategic purchases
The deal includes U.S. oil, gas, and nuclear fuel and is part of a broader trade pact reached during President Donald Trump’s term
Russia-backed Indian refiner sues Microsoft over suspended services
The company seeks an interim order to restore services and protect its access to digital systems
Russian airline cancels over 40 flights after major cyberattack
Silent Crow claims the attack and links it to the war in Ukraine, while Belarusian group Cyberpartisans BY is also named
U.S. and China to resume trade talks in Stockholm
Both sides are likely to agree on extending their tariff and export control ceasefire, first struck in May, for another 90 days
Musk’s Tesla signs $16.5 billion chip supply deal with Samsung
Elon Musk says he will visit the facility to speed up progress and adds that the deal value is a minimum estimate, with output likely higher
China AI firms form two alliances to cut reliance on foreign tech
One focuses on building a domestic model chip ecosystem and the other aims to integrate AI technology with industrial transformation
Trump administration to announce semiconductor probe results in two weeks
The probe could lead to new tariffs on foreign chips and pharmaceuticals
Boeing faces strike threat as workers reject contract offer
Boeing offers a four-year deal with a 20% raise and $5,000 bonus, but the union says it didn’t meet members’ priorities
Trump says U.S. is close to trade deal with China
No timeline or specific terms are mentioned, and officials have not confirmed the status of the negotiations
U.S. and EU reach trade deal with 15% tariff on most goods
The deal also includes a commitment by the EU to lower non-tariff barriers for U.S. automobiles and agricultural products