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Situational awareness:

  • President Trump's trade wars are causing more farmers to default on loans as their net income has fallen by half since 2013, and their debt has risen to the most since the farm crisis in the 1980s. (Politico)
  • Iran's president called the White House "mentally retarded" and leaders said a path to diplomacy with the U.S. had closed after the Trump administration put sanctions on its supreme leader and other top officials. (Bloomberg)