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According to the United States Trade Representative, the new tariff rates in the United States are basically set, leaving little room for immediate negotiations on this issue.

Throughout most of this year, the Trump administration has been leveraging tariff pressures to push supply chains out of China.

Trump announced the establishment of a trade framework with Japan, imposing a 15% tariff on goods imported from Japan.

According to data released by the U.S. Department of the Treasury, among the top three foreign holders of U.S. bonds, Japan and the United Kingdom have increased their holdings, while China has continued to reduce its holdings.

The Trump administration had previously banned Nvidia from selling artificial intelligence chips to China, but has now taken a complete 180-degree turn.

As a result of the trade turmoil, the allies of the United States are coming together more closely and drifting farther away from the U.S.

The Pentagon is making a significant investment in rare-earth magnets, striking a rare deal with a private company to diminish China's dominance in this field.

Trump announced on social media that a new round of tariffs, ranging from 20% to 30%, will be imposed on six countries, including the Philippines, starting from August 1.

According to the three companies, the United States has lifted some export restrictions on chip design software for China, and they are working hard to restore access to recently restricted products for their clients.

The U.S. Senate passed Trump's comprehensive tax cut and spending bill by a vote of 51 to 50.

China has stated that it has already confirmed the details of a trade framework with the Trump administration, which includes an agreement for Washington to lift recent export restrictions on China.

French President Macron stated that the U.S. strike against Iran was not based on any "legal framework."

According to early intelligence assessments in the United States, the strikes on Iran did not result in the destruction of any nuclear facilities.

Trump has emphasized that the Iranian nuclear facilities have suffered "significant damage," and the head of the United Nations nuclear agency stated that they have not yet been able to conduct an assessment of the situation.