Geopolitical Implications - Countries initially aiming to avoid involvement in the US-China trade war are feeling pressured to align with one side [1]

Market Sentiment - The market is largely on Donald Trump's side in the trade war [1] - Donald Trump is aware of the market's support [1]

Trade & Tariffs - The Trump administration is considering imposing a 35% tariff on goods from Canada [1] - The administration has published 23 letters and announced zero new trade deals [2] - Trump plans to impose blanket tariffs of 15% or 20% on all remaining countries [2] - A 10% unilateral tariff on all imported goods would be four times the average tariff today [3] - The tariffs are a tax, and American importers, businesses, and consumers pay almost all of that [3] - A 20% tariff rate on goods coming over the border will be higher than the inflation rate at its worst [12] - Republicans are standing by Trump's method to bring countries to the negotiating table [15] Russia & Ukraine - The US is resuming deliveries of some weapons to Ukraine [5] - Secretary of State Marco Rubio met with Russia's foreign minister and exchanged new ideas about how to end the war [5][6] - Russia launched a massive attack on Kyiv, with over 400 drones and missiles [6] - House Speaker Mike Johnson and Senate Majority Leader John Thun are prepared to move forward with new sanctions on Russia [7] - Trump will have a major statement on Russia come Monday [7] - Legislation from Senator Graham and Blumenthal has 80 senators already signed on to it [31] Birthright Citizenship - A judge blocked Trump's birthright citizenship order restricting it once again [33] - The ACLU created a class action lawsuit, and the judge certified this class [34] - The judge agreed that birthright citizenship is part of the constitution and is applying it across the country using this class action [35]

President Donald Trump threatened a 35% tariff on goods imported from Canada, a dramatic escalation in an on-again, off-again trade war with the country. https://t.co/cSxELDOPmx ...

Countries that had hoped to stay out of America’s trade war with China fear they are being forced to pick a side https://t.co/s7tOQbBN7K ...

I'm going to send letters. That's the end of the trade deal. I could send one to Japan.Dear Mr. . Japan, here's the story. You're going to pay a 25% tariff on your cars.America's most famous pen pal. Joining us now, Democratic Senator Tammy Baldwin of Wisconsin. I'm sorry.That was Dear Mr. . That was the dumbest thing I've heard in a long That's our president, y'all. Go America.Why not dear Miss Japan. Well, talk about it. Well, well, well, that's another story on the Let's Let's start where Alicia left off ...

Today on “The Intelligence”: how to think about Trump’s (delayed) trade war, Brazil’s broken football machine and why England is falling out of love with lawns https://t.co/fTsfMPb8bj ...

Some Amazon sellers are sitting out the Prime Day sale because the trade war is making discounts unaffordable. https://t.co/CEQLtqiN2j ...

RT Lingling Wei 魏玲灵 (@Lingling_Wei)While Trump is waging a trade war, Xi is fighting a Cold War. His goal is “strategic stalemate”—an enduring equilibrium where US pressure becomes manageable&China buys time to catch up. It’s a strategy rooted in understanding of what the Soviets got wrong. https://t.co/OX3gTlPmfW ...

Tariff Impact on American Toy Company - US and China agreed to maintain tariffs effectively at 55%, including 30% extra on top of the initial 25% [1] - The American toy company estimates tariffs could cost them 20 million to 30 million USD, before income taxes [2] - The company views tariffs as a tax on American businesses and consumers, contradicting the President's claim [3] - The company CEO states they borrow money to pay the tariffs to the US government, hoping to recoup the cost through sales [3] - The CEO emphasizes that the Chinese government is not paying the tariffs; the company is directly responsible for the payment [4] Company Strategy and Perspective - The company is facing a 600 billion USD collective tax bill across numerous businesses, impacting profitability [4] - To remain financially viable, the company may need to pass some of the tariff costs onto consumers [4] - The company CEO asserts they do not conduct business with the Chinese government [4] - The company is engaging in difficult conversations with Chinese suppliers and considering legal action against tariffs [5]