Core Viewpoint - Thailand's Finance Minister is set to meet with U.S. trade officials to propose new measures aimed at avoiding a potential 36% tariff threatened by President Trump [1] Group 1 - The meeting will involve discussions on revised proposals, including further tariff reductions on U.S. products [1] - The Thai Commerce Minister indicated that the Finance Minister will hold a video conference with U.S. Trade Representative Jamison Greer [1]

Core Viewpoint - The trade war initiated by U.S. President Donald Trump has led Canadians to avoid American products, with a significant portion of the population expressing a desire to reduce U.S. stock holdings in retirement accounts and pension funds [1] Summary by Relevant Categories Public Opinion - A recent poll conducted by Nanos Research for Bloomberg indicates that nearly half of Canadians (47%) believe pension fund managers should decrease their holdings in U.S. assets [1] - Only 9% of respondents think that funds should increase their allocation to the U.S. [1] Timing of the Survey - The survey was conducted in early July, prior to Trump's latest escalation of tariff threats against Canada [1]

Group 1 - The US is shifting its focus from China to traditional allies like Japan, South Korea, and Europe in the ongoing tariff war, with India unexpectedly taking the lead in retaliating against US economic policies [1][3] - India has announced plans to impose retaliatory tariffs on certain US products, signaling a strong response to what it perceives as US economic bullying [3] - The US is considering varying tariff rates from 10% to 70% based on the trade scale with each country, indicating a more calculated approach compared to previous tariff battles with China [3][5] Group 2 - Smaller countries like Vietnam and Cambodia are likely to suffer more from US tariffs, as their economies heavily depend on exports to the US, while larger economies like Japan and India can negotiate more effectively [5] - The internal political landscape in the US is tumultuous, with opposition from various factions against Trump's "America First" policies, complicating the administration's approach to international trade [5][7] - India is strategically improving relations with China and enhancing cooperation with BRICS nations while using its purchases of US oil and weapons as leverage in negotiations [7] Group 3 - Recent developments indicate a slight easing of tensions between the US and China, with both countries engaging in dialogue and reducing some trade restrictions, although fundamental issues remain [8] - The US's inability to effectively challenge China has led it to target other nations, potentially pushing these countries closer to China and altering the dynamics of international trade relationships [9] - The ongoing tariff conflict is expected to produce further dramatic developments, with unpredictable outcomes as countries navigate their responses to US policies [9]

Core Viewpoint - Vietnam expresses a strong interest in purchasing a significant amount of products from the United States, indicating a potential increase in bilateral trade relations [1] Group 1 - The Vietnamese government is actively seeking to enhance its imports from the U.S., which may lead to increased economic collaboration between the two countries [1] - This initiative reflects Vietnam's strategy to diversify its supply sources and strengthen trade ties with major economies [1]

Core Insights - The European Central Bank's blog discusses the reaction of European consumers to the prospect of higher trade tariffs from the U.S. [1] - Many consumers are willing to forgo American products due to the recent tariffs imposed by the U.S. on European goods [1] Consumer Behavior - The report indicates that the impact of tariffs on consumers largely depends on the price elasticity of demand for affected products and services [1] - Typically, if prices rise, consumers may switch to cheaper alternatives; however, the recent U.S. tariffs may lead to a broader shift in preferences, causing Europeans to completely avoid American products and brands regardless of price changes [1]

Core Insights - U.S. products will avoid strict checks under the EU's deforestation regulation, which is a significant development for trade relations between the U.S. and the EU [1] Group 1 - The EU's deforestation law aims to prevent products linked to deforestation from entering the market, impacting various industries [1] - U.S. companies will benefit from this exemption, potentially leading to increased competitiveness in the European market [1] - This decision may influence global supply chains and trade dynamics, particularly in sectors reliant on agricultural and forestry products [1]

Core Viewpoint - The U.S. President Trump emphasizes that the European Union (EU) must negotiate with the U.S. as they are currently not purchasing American products or importing American cars [1] Group 1 - The EU is not engaging in significant trade with the U.S. regarding products and automobiles [1]