The Trade Danger Zone. In a largely expected yet foreboding move, the White House imposed 25 percent tariffs on $34 billion worth of Chinese industrial goods, to which China responded with an equal amount in tariffs on mostly U.S. agricultural goods.
Testy Trans-Atlantic Ties. Trump will arrive in Brussels on July 11 with guns blazing to demand an increase in defense spending from NATO partners.
Re-Raising the Hormuz Threat. As the United States prepares to place sanctions on Iran’s oil exports, Tehran has returned to a familiar threat: blocking regional oil exports through the Strait of Hormuz.
AMLO Priorities Take Shape. The new Mexican government doesn’t take office until December, but we’re already getting some hints of policies to emerge from Mexico’s populist President-elect Andres Manuel Lopez Obrador.
The Migrant Bargain. German Chancellor Angela Merkel barely managed to keep her government in place after her Christian Democratic Union party reached a migration agreement with its coalition partners in the Christian Social Union and the Social Democratic Party.
Here is a list of the U.S. economic events happening this week.
Last Weeks Numbers
Review Last weeks numbers here.