European Union leaders will discuss whether to accept a quick trade deal with the US that may not be as favorable for Washington, or to escalate tensions in hopes of better terms. Most officials and diplomats prefer a swift agreement, allowing the EU to rebalance its own trade agreements after the US imposes 10% tariffs on most EU goods. The European Commission will ask EU leaders how they want to respond to President Donald Trump's July 9 deadline for a deal, which is now just over two weeks away.
https://www.asiaone.com/world/eu-canvass-leaders-summit-resolving-us-tariff-conflictThe European Union's competition chief, Teresa Ribera, has rejected suggestions that enforcement of the Digital Markets Act, which targets Apple Inc., Meta Platforms Inc., and Alphabet Inc.'s Google, could be sacrificed in trade negotiations with US President Donald Trump. The EU's crackdown on these tech giants is not a bargaining chip for Trump, according to Ribera.
https://news.bloomberglaw.com/antitrust/eus-ribera-wont-trade-big-tech-rules-to-placate-trumpThe European Commission is strengthening its trade relationships with countries like South America and India due to tensions with the US over tariffs, which threaten the €1.6 trillion transatlantic trade relationship. EU President Ursula von der Leyen has already secured a deal with the Mercosur bloc, while negotiations with India are ongoing, with Prime Minister Narendra Modi pledging a deal this year.
https://www.politico.eu/article/denmark-eu-presidency-policy-agenda-defense-pharma-climate-agriculture/The company has a long-standing presence in multiple markets worldwide, conducting research across 80+ countries and spanning various regions including America, Asia-Pacific, Europe, the Middle East & Africa, with notable operations in the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several other countries.
https://www.prnewswire.com/news-releases/global-luxury-furniture-market-to-hit-usd-41-95-billion-by-2030--driven-by-urbanization-real-estate-expansion-and-smart-home-integration-markntel-advisors-302491989.htmlThe International Monetary Fund (IMF) has expressed concerns over Jordan's economic projections, citing tariff uncertainty as a major factor. The country is expected to be impacted by reduced foreign assistance following the US Agency for International Development's dismantling. IMF official Mr Okamura emphasized the need for further reforms to enhance revenue mobilization and reduce public debt. He also stressed the importance of improving public utilities' efficiency and service delivery, as well as accelerating structural reforms to boost Jordan's business environment and attract private investment.
https://www.thenationalnews.com/business/economy/2025/06/26/imf-disburses-more-than-800-million-to-jordan/India has strongly rejected Pakistan's claims at the United Nations, citing the Pahalgam attack and grave violations against children in a report. Ambassador P Harish of India stated that Pakistan is deflecting attention from its own child rights abuses and cross-border terrorism by making unwarranted aspersions over UN processes.
https://www.deccanchronicle.com/nation/india-slams-pak-at-un-over-terror-kids-1887677Indonesia is negotiating a Free Trade Agreement (FTA) with Canada, with Budi Santoso stating that the government is also in talks with Tunisia. The agreement aims to make markets more accessible, encouraging businesses to seek partnerships.
https://en.tempo.co/read/2021712/trade-minister-affirms-middle-east-tensions-havent-impacted-indonesias-exportsIndonesia and the United Kingdom will finalize a strategic partnership agreement in September this year, with a focus on human resource development, economy, sustainable development, defense, and security. The partnership aims to strengthen collaboration between the two countries, particularly in areas of democracy and human rights, as well as promote economic growth and development. British Ambassador Dominic Jermey stated that the agreement will create closer ties in political cooperation, business, defense, and security, and will provide a framework for cooperation among businesses, academic institutions, and cultural organizations. The partnership is expected to be launched at an upcoming meeting between Indonesian President Prabowo Subianto and British Prime Minister Keir Starmer.
https://en.antaranews.com/news/362029/new-indonesia-uk-strategic-partnership-agreement-coming-september-2025Iran's Defence Minister Aziz Nasirzadeh thanked China for its support after recent attacks from Israel and the US, while Chinese Defense Minister Dong Jun criticized unilateralism and protectionism as major sources of chaos in the international order.
https://www.scmp.com/news/china/military/article/3315901/chinas-dong-jun-hosts-iran-defence-minister-and-others-warship-condemns-hegemony?module=top_story&pgtype=section