Overview

• President Trump said he will send Brussels a formal tariff letter within days outlining new duties and will enforce a baseline 10% rate on European exports from August 1 without extensions.
• After briefly pausing military aid, he confirmed U.S. will deliver additional defensive weapons including Patriot interceptors to Ukraine and indicated he is considering new sanctions on Russia.
• A second summit with Prime Minister Benjamin Netanyahu is scheduled at the White House to intensify efforts for a Gaza ceasefire and the release of hostages as indirect talks resume in Doha.
• Israel’s defense minister ordered the military to draft plans for a humanitarian city in southern Gaza to house up to 600,000 displaced Palestinians.
• The U.S. and Israel signed a memorandum of understanding to collaborate on energy technology and artificial intelligence research.