US President Trump says a promise was made that the EU would deliver their side of the deal and, as per agreement, cut their tariffs to zero; however, the EU has until the July 4th, or tariffs would immediately jump to higher levels

President Trump's warning regarding EU tariffs highlights potential trade tensions, which could influence market sentiment across various asset classes.

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'Investigations in Bandar Abbas show that during the exchange of fire between the Iranian armed forces and the enemy, parts of the commercial area of Bahman Pier were targeted.', Fars reports

Brazil's Trade Minister Rosa says USTR and Brazil officials will talk again in coming weeks to discuss an end to tariffs

US President Trump says a promise was made that the EU would deliver their side of the deal and, as per agreement, cut their tariffs to zero; however, the EU has until the July 4th, or tariffs would immediately jump to higher levels

Member of the Iran's Parliament's National Security Commission says in my opinion, Iran's security equation regarding the Iraqi Kurdistan Region will also include the UAE, Fars reports

Mexican Interest Rate Decision 6.50% (Prev. 6.75%)

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Full post: I had a great call with The President of the European Commission, Ursula von der Leyen. We discussed many topics, including that we are completely united that Iran can never have a Nuclear Weapon. We agreed that a regime that kills its own people cannot control a bomb that can kill millions. I’ve been waiting patiently for the EU to fulfill their side of the Historic Trade Deal we agreed in Turnberry, Scotland, the largest Trade Deal, ever! A promise was made that the EU would deliver their side of the Deal and, as per Agreement, cut their Tariffs to ZERO! I agreed to give her until our Country’s 250th Birthday or, unfortunately, their Tariffs would immediately jump to much higher levels. Thank you for your attention to this matter. President DONALD J. TRUMP

Context

If the EU fails to meet the July 4th deadline for tariff reductions, markets might react negatively, particularly impacting risk assets and currencies like the USD and EUR as uncertainty rises. This situation underscores the fragility of international trade agreements and could lead to heightened volatility in commodities and equities in the near term.

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