Overview

• President Lai Ching-te has postponed his planned U.S. stopovers until later this year because of U.S.-China tariff negotiations and ongoing domestic typhoon recovery efforts.
• President Trump has issued a 10-day ultimatum to President Putin to secure a Ukraine ceasefire or face new U.S. tariffs and sanctions.
• From August 1, the U.S. will impose a 25% tariff and additional penalty on Indian imports after bilateral trade talks failed to meet the self-imposed deadline.
• U.S. Trade Representative Jamieson Greer confirmed that the U.S.-India trade agreement remains unfinished and will require further negotiation beyond the August 1 cutoff.
• Since April, Trump’s global reciprocal-tariff framework has influenced talks with China, India and Russia, reshaping diplomatic agendas and global supply chains.