Israeli Prime Minister Benjamin Netanyahu and President Donald Trump are set to meet for the third time this year. Among the issues for discussion: Israel’s 21-month war against Hamas in Gaza and questions over how hard Trump will push for an end to the conflict.
Trump has made clear that following the , he would like to see the Gaza conflict end soon. The meeting between Trump and Netanyahu could give being discussed by Israel and Hamas, but whether it leads to a deal that ends the war is unclear.
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China says BRICS isn’t about targeting any specific countries
A Chinese Foreign Ministry spokesperson says that the “BRICS mechanism is an important platform for cooperation among emerging markets and developing countries.”
“It advocates openness, inclusiveness, and win-win cooperation and does not engage in bloc confrontation or target any specific country,” the spokesperson said Monday.
The comments come after Trump said, in a post on his social media platform late Sunday, that any country that aligns itself with what he termed “the Anti-American policies of BRICS” would be levied an added 10% tariff.
The second of the BRICS summit continues Monday in Rio de Janeiro.
Tesla shares tumble as Trump-Musk feud heats up yet again
Tesla shares tumbled 6.5% overnight as the reignited over the weekend.
Musk, once a top donor and ally of Trump, announced that he was in protest over the Republican spending bill that passed late last week.
Trump followed by criticizing Musk in a social media post, saying that the CEO had gone “off the rails” in recent weeks. Trump suggested Musk’s disappointment in the bill was over the termination of an “electric vehicle mandate,” which Trump says Musk knew was coming.
Investors fear that Musk’s companies, which receive significant subsidies from the federal government, could suffer further if his feud with Trump continues to fester.
Tesla shares have been extremely volatile since Musk went all-in for Trump in the run-up to last year’s election.
Rubio heads to Asia this week
Secretary of State Marco Rubio will make his first official trip to Asia this week to attend a regional security conference in Malaysia.
It comes as the Trump administration moves ahead with its intent to focus more heavily on the Indo-Pacific and blunting China’s increasing influence there.
The State Department announced Monday that Rubio, who also will be making his first solo trip abroad since taking on the added job of national security adviser, will travel to Kuala Lumpur for the annual Association of Southeast Nations Regional Forum from Tuesday until Friday.
He will take part in a series of bilateral and multilateral discussions expected to be dominated by defense, maritime safety and security and trade issues.
The Trump administration has vexed a number of allies with demands for increased defense spending and threats to impose massive tariffs on their exports to the U.S.
Treasury secretary says his mailbox is full with trade offers ahead of tariffs deadline
Treasury Secretary Scott Bessent said in a Monday TV interview that the Trump administration would announce “several” trade frameworks over the next 48 hours.
“What President Trump is concerned about is the quality of the deals, not the quantity,” Bessent said on CNBC.
The treasury secretary said his “mailbox” was filled with new trade offers in response to the risk that countries could “boomerang” back to the higher tariff rates that President Donald Trump announced on April 2.
A financial market selloff led to Trump imposing a 90-day negotiating period during which goods from most countries would be taxed at 10%, a period that is set to end on Wednesday.
The president plans to send out letters over the next few days with new tariff rates that would start being collected on Aug. 1.
Pressure from Trump for trade deals before Wednesday deadline
The Trump administration is stepping up pressure on to quickly make new deals before a , with plans for the United States to start Monday warning countries that higher could kick in Aug. 1.
That furthers the uncertainty for businesses, consumers and America’s trading partners, and questions remain about which countries will be notified, whether anything will change in the days ahead and whether President Donald Trump will once more push off imposing the rates. Trump and his top trade advisers say he could extend the time for dealmaking but they insist the administration is applying maximum pressure on other nations.
Kevin Hassett, director of the White House National Economic Council, told CBS’ “Face the Nation” on Sunday that Trump would decide when it was time to give up on negotiations.
Trump signs tax breaks and spending cuts into law on Fourth of July
Trump signed his into law Friday in front of Fourth of July picnickers after his cajoling produced almost unanimous Republican support in Congress for the domestic priority that could cement his second-term legacy.
Flanked by Republican legislators and members of his Cabinet, Trump signed the multitrillion-dollar legislation at a desk on the White House driveway, then banged down a gavel gifted to him by House Speaker Mike Johnson that was used during Thursday.
Against odds that at times seemed improbable, Trump achieved his goal of celebrating a historic — and divisive — legislative victory in time for the nation’s birthday, which also was his self-imposed deadline for Congress to send the legislation to his desk. Fighter jets and stealth bombers streaked through the sky over the annual White House Fourth of July picnic.
