The US and China have agreed to a framework to move forward on trade, with the US lifting "restrictive measures" and China committing to "review and approve" items under export controls. The deal comes after Washington and Beijing confirmed finalizing a framework in Geneva, following talks in London this month. The agreement aims to address concerns over rare earths, essential for products including electric vehicles, hard drives, and national defense equipment. US Treasury Secretary Scott Bessent indicated that more agreements could be concluded by September, with 18 key partners on the agenda, and hinted at extending the July deadline or imposing tariffs if no deal is reached.
https://www.geo.tv/latest/611310-trump-ends-trade-talks-with-canada-over-tax-on-us-tech-firmsChina has confirmed a trade deal with the US, where Washington will lift restrictive measures and Beijing will review and approve export-controlled items. The agreement comes after talks in Geneva in May, which temporarily lowered tariffs imposed by Trump on each other's products. A key priority for the US was securing access to rare earths, essential for electric vehicles, hard drives, and national defence equipment, as China dominates global production of these elements.
https://channelnewsasia.com/east-asia/china-confirms-trade-deal-framework-us-5207801The US is pressuring India to lower duties on American agricultural and dairy products and provide market access for genetically modified (GM) crops, but India has resisted these demands, citing concerns over domestic food safety and public health. The Indian delegation, led by Chief Negotiator Rajesh Aggarwal, wants a rollback on the 26% tariff imposed by the US on New Delhi, which is set to take effect if a deal is not reached by July 9. India also seeks concessions on existing US tariffs on steel and auto parts, but American negotiators have not yet agreed to these demands.
https://www.livemint.com/economy/indiaus-trade-deal-soon-heres-what-washington-dc-wants-from-new-delhi-and-what-we-know-so-far-11751015462694.htmlUS Treasury Secretary Scott Bessent stated that key trade deals with over a dozen partners may be finalized by September 1, as the US is focusing on agreements with 18 key partners. Commerce Secretary Howard Lutnick expects 10 deals to be reached, and if successful, could lead to all trade agreements being wrapped up by early September.
https://www.scmp.com/news/world/united-states-canada/article/3316170/us-treasury-chief-says-key-trade-deals-may-come-september?module=top_story&pgtype=sectionThe White House announced a framework agreement with China on trade issues, including expediting rare earth shipments to the US. The deal comes after talks in Geneva and London, where both sides agreed to temporarily lower tariffs and ease non-tariff countermeasures. However, US officials accused China of violating the pact by slow-walking export license approvals for rare earths. President Donald Trump's administration has agreed on a framework to implement the Geneva agreement, with Commerce Secretary Howard Lutnick stating that the deal has been "signed and sealed". The White House also indicated that Washington could extend a July deadline for steeper tariffs impacting dozens of economies, but Press Secretary Karoline Leavitt said this would be up to Trump's decision.
https://www.victoriaadvocate.com/news/nation/us-says-reached-understanding-with-china-on-rare-earth-exports/article_ba71a342-3bda-5170-9294-8224e280eb32.htmlChinese President Xi Jinping urged the European Union to maintain a firm stance on the one-China principle, warning against any support for Taiwan's independence. Wang Yi, China's State Councillor, made the appeal during a meeting with EU officials in Brussels, expressing hope that the EU would oppose all forms of "Taiwan independence" and uphold mutual respect between China and Taiwan.
https://www.globaltimes.cn/page/202506/1337146.shtmlIn Gaza, Israeli strikes near the Martyrs Roundabout in the Bureij Camp killed six people and wounded 10, according to Awda Hospital officials. UN Secretary-General António Guterres urged leaders to agree on a ceasefire, citing a humanitarian crisis in Gaza caused by Israeli military operations. He also called for the return of the UN's aid distribution system, saying "The search for food must never be a death sentence."
https://stltoday.com/news/nation-world/article_feeb3859-57d9-4b6c-bcd8-376eb5df2a05.htmlChinese diplomats and secret service officers allegedly planned to intimidate Taiwanese Vice President Xiao Meiqing during a visit to Prague last year, according to Reuters, which cited Czech military intelligence. This move is seen as an attempt to exert pressure on the new Taiwanese leadership.
https://www.fakti.bg/en/world/981857-czech-intelligence-china-monitored-and-planned-to-intimidate-senior-taiwanese-politiciansIran's Foreign Minister Araghchi accused IAEA chief Grossi of facilitating "unlawful" Israeli and US bombings by downplaying concerns in a May report, leading to a censure motion that Iran claims paved the way for Israel's 12-day war. The Iranian parliament has approved a bill suspending cooperation with the UN watchdog, but Araghchi said a new relationship would continue if nuclear safety is guaranteed. Grossi had requested access to Iran's nuclear facilities to determine what happened to its highly enriched uranium stockpile, sparking concerns in Israel and Western countries about potential relocation before strikes.
https://www.brecorder.com/news/40369957/iran-says-iaea-chief-request-to-visit-bombed-sites-suggests-malign-intent