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Home Forecast Monitor Global Hotspots: U.S. Trade Deadline Takes Center Stage

Global Hotspots: U.S. Trade Deadline Takes Center Stage

Eugene Chausovsky, Miloš Maggiore, Andrew Loftesnes
Podcast
Geopolitical Forecasting

This week, several countries, including Canada, India, and other major economies, continued to negotiate with the U.S. ahead of an Aug. 1 deadline to make a trade deal, as the European Union and Asian nations including South Korea reached agreements. In the Indo-Pacific, U.S. Treasury Secretary Scott Bessent met with a Chinese delegation in Stockholm, where both sides agreed to extend bilateral trade negotiations. In the Middle East, several countries have announced they would recognize Palestine as a state in the upcoming U.N. General Assembly in September, while the U.S. imposed additional sanctions targeting Iran. In the Russia/Ukraine conflict, U.S. President Donald Trump reduced the timeline for Russia to agree to a ceasefire from 50 to 10 days, while the Ukrainian parliament passed legislation restoring the independence of anti-corruption bodies after facing international and domestic backlash.

This week, several countries, including Canada, India, and other major economies, continued to negotiate with the U.S. ahead of an Aug. 1 deadline to make a trade deal, as the European Union and Asian nations including South Korea reached agreements. In the Indo-Pacific, U.S. Treasury Secretary Scott Bessent met with a Chinese delegation in Stockholm, where both sides agreed to extend bilateral trade negotiations. In the Middle East, several countries have announced they would recognize Palestine as a state in the upcoming U.N. General Assembly in September, while the U.S. imposed additional sanctions targeting Iran. In the Russia/Ukraine conflict, U.S. President Donald Trump reduced the timeline for Russia to agree to a ceasefire from 50 to 10 days, while the Ukrainian parliament passed legislation restoring the independence of anti-corruption bodies after facing international and domestic backlash.

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