Trade Relations - Sub-Saharan Africa's manufactured goods exports to the US are limited [1] - Tariffs on African exports to the US are expected to have minimal impact on the continent [1]

Market Risk - India's equities market is at risk of further losses [1] - The US imposed one of the highest tariff rates in Asia on India's exports [1]

German Economy & Sentiment - German economy sentiment is powered by expectations of a deal with the US and reduced uncertainty about tariffs [1] - German government's debt package, including an infrastructure fund and tax incentives, is expected to boost investment [2] - Investment goods producers are showing improved data, indicating a positive impact from domestic factors [2] Trade & Tariffs - A stable 15% tariff deal between Europe and the US would be something German exporters could live with, avoiding a massive negative impact [3][4] - While not ideal for Europe, a 15% tariff deal would be an improvement compared to recent months, given the threat of higher tariffs [5] - Exports will become more difficult compared to the pre-Trump era [4] Investment & CapEx - Changes in tax incentives, prospects of higher infrastructure investment, and increased defense spending are currently driving CapEx [7] - Uncertainty is causing companies to postpone projects; a trade resolution could unlock pent-up CapEx spending into 2026 [6][8] - The reliability of the US government in upholding trade deals remains a key concern for investment decisions [8]

New European Union sanctions on Russia may be the first seeking to punish Moscow by targeting the size of its oil exports and not just the value, writes @JLeeEnergy https://t.co/Jp1TsDiJb1 ...

Infrastructure & Technology Focus - The document centers on infrastructure, the American technology stack, and the energy required to support it [2] - A key aspect involves removing onerous regulations to facilitate data center development and the energy needed to power them [3] - Building AI globally on the American technology stack is another significant component of the document [4] AI Regulation & Export Strategy - The US aims to set a lighter regulatory tone for AI [6] - Focus is on deploying technology and infrastructure abroad, influencing the relaxation of export curbs on H20 chips from Nvidia to China [6] - Relaxing export curbs on H20 chips from Nvidia to China is seen as a step to enable American companies, especially Nvidia, to compete in China and prevent China from dominating technology exports [6] Implementation & Policy - The success of the policy directives depends on gaining traction with industry, Congress, federal bureaucracy, agencies, and state/local levels [2] - The administration intends to enhance the deployment and export of American technology, including chips, software, and related components [7]

Economic Performance - Economic performance has been promising [1] - Inflation and the fiscal deficit are down [1] - Exports are up [1] Potential Concerns - This rosy picture may not be the whole story [1]

New Zealand posted its first quarterly decline in exports in almost two years https://t.co/ZrCPluWRDk ...

South Korea’s early exports maintained momentum in July, reflecting the trade-dependent economy’s resilience https://t.co/le9zmoswSK ...

Economic Performance - Inflation is down [1] - The fiscal deficit is down [1] - Exports are up [1] Potential Concerns - The rosy economic picture may not be the whole story [1]

In the first half of the year, exports grew at the same pace as they did in 2024. They have been a rare bright spot in China’s economy in recent years. But there are signs that it’s dimming https://t.co/M4Aj6enbtZ ...