A federal court in Washington has blocked US President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law, citing that he exceeded his authority and left the country's trade policy dependent on his whims. The ruling comes after several lawsuits arguing against Trump's actions, which have caused global financial markets to fluctuate and raised concerns about inflation and economic instability.
https://www.deccanchronicle.com/world/federal-court-blocks-trump-from-imposing-sweeping-tariffs-under-emergency-powers-law-1881985European governments and the US under Joe Biden have sanctioned individual settlers, but measures were lifted by Donald Trump. Ahead of an international conference at the UN in New York led by France and Saudi Arabia, supporters argue that settlement proliferation undermines a two-state solution to the Israeli-Palestinian conflict.
https://www.manilatimes.net/2025/05/30/world/americas-emea/israel-to-establish-22-new-settlements-in-west-bank/2123480In the Gaza Strip, a humanitarian crisis is worsening due to insecurity and supply shortages. A UN warehouse in central Gaza was stormed by thousands of Palestinians, resulting in at least two deaths and 47 injuries. The situation has led Britain's Foreign Secretary David Lammy to suspend trade negotiations with Israel over its refusal to lift the blockade on humanitarian aid to Gaza.
https://www.manilatimes.net/2025/05/30/opinion/editorial/desperate-race-to-head-off-humanitarian-crisis-in-gaza/2123579India and Russia have been strengthening their defence ties, with a focus on procuring more defence systems. The S-400 air defense system successfully intercepted and downed Pakistani drones and missiles during the recent conflict. India and Russia share a longstanding partnership, marked by joint initiatives such as licensed production of T-90 tanks and Su-30 MKI fighter jets, delivery of MiG-29 and Kamov helicopters, and collaboration on the INS Vikramaditya. A new unit of the advanced BrahMos missile is likely to be built in Uttar Pradesh, with Russia proposing extensive technical support for its joint production.
https://www.firstpost.com/india/made-in-india-brahmos-was-exemplary-in-operation-sindoor-russian-envoy-13892624.htmlIndia and the US are set to sign the first tranche of their Bilateral Trade Agreement (BTA) before July, with a goal of doubling total bilateral trade to $500 billion by 2030 under "Mission 500". The agreement comes after fruitful discussions between Indian and US representatives in Washington, DC, where they addressed tariff and non-tariff matters. However, the Indian government is reviewing the impact of a US court order that struck down reciprocal trade tariffs announced by President Donald Trump, with think tank Global Trade Research Initiative suggesting caution in negotiations.
https://www.lokmattimes.com/business/next-round-of-india-us-trade-negotiations-to-take-place-on-june-5-6-in-new-delhi/Japan has offered to establish a fund to support the US shipbuilding industry as part of tariff negotiations between the two countries. US President Donald Trump's administration aims to strengthen its shipbuilding capacity for economic security, while Japan hopes this cooperation will lead to concessions from Washington in trade talks. Economic revitalization minister Ryosei Akazawa is set to embark on a four-day trip to the US starting Thursday.
https://www.japantimes.co.jp/business/2025/05/29/economy/japan-fund-for-us-shipbuilding/Russian Foreign Minister Sergei Lavrov announced that a delegation led by Vladimir Medinsky will present a memorandum to Ukraine during a second round of talks in Istanbul on June 2, following a visit from Turkish Foreign Minister Hakan Fidan, who confirmed the venue's hospitality. Medinsky, a Russian political scientist and former culture minister, previously led Russia's negotiating team during the first round of talks on May 16. US President Donald Trump has urged both sides to reach an agreement to end the three-year conflict.
https://channelnewsasia.com/world/russia-present-peace-memorandum-ukraine-new-talks-5157626Russia's offensive in Ukraine, launched in February 2022, has resulted in tens of thousands of deaths and the destruction of large parts of eastern and southern Ukraine. Russia controls around a fifth of Ukraine's territory, including the Crimean peninsula annexed in 2014. Russia plans to present peace terms at talks next Monday, led by Foreign Minister Sergei Lavrov and political scientist Vladimir Medinsky. US President Donald Trump expressed disappointment over Russia's deadly bombardment during negotiations but refused to impose more sanctions. Ukrainian President Volodymyr Zelensky has rejected Russia's demand for Ukraine to abandon NATO ambitions and cede territory in exchange for peace.
https://www.news18.com/world/russia-proposes-new-ukraine-talks-kyiv-demands-terms-upfront-ws-l-9357269.htmlRussian Foreign Minister Sergey Lavrov spoke with US Secretary of State Marco Rubio about upcoming talks in Istanbul, where Russia is expected to present "concrete proposals" for ending the war. Putin's demands include a written pledge from Western leaders not to expand NATO eastward and lifting some sanctions on Russia. Meanwhile, Ukraine has reported 296 Russian drones downed overnight, while Russia launched 88 drones and five ballistic missiles. Ukrainian President Volodymyr Zelenskiy said Russia has gathered 50,000 troops near the northern Sumy region, but Kyiv is taking steps to prevent a large-scale offensive.
https://www.deccanchronicle.com/world/trump-again-criticises-putin-as-ukraine-war-heats-up-1881992