President Trump on Saturday posted letters threatening the European Union and Mexico with 30% tariffs as of August 1.
Why it matters: Trump has reverted to the fully aggressive trade posture he took in early April, with a stable economy at his back and financial markets showing no signs of stopping him.
Russian President Vladimir Putin has told both President Trump and Iranian officials that he supports the idea of a nuclear deal in which Iran is unable to enrich uranium, sources familiar with those discussions tell Axios.
Why it matters: Russia has been Iran's main diplomatic backer on the nuclear issue for years. But while Moscow publicly advocates for Iran's right to enrich, Putin has taken a tougher position in private in the wake of the 12-day war between Israel and Iran.
The wars in Ukraine and the Middle East are diminishing supplies of air defenses and raising concerns at the Pentagon, and around the world, about insufficient stockpiles.
The big picture: Militaries are burning through interceptors, and everyone wants more. But demand outstrips production.
Two Palestinians, one of them an American citizen, were killed on Friday when Israeli settlers attacked the village of Sinjil in the occupied West Bank, the Palestinian Authority's ministry of health said.
The big picture: It's the first time a Palestinian American was killed in the West Bank since President Trump assumed office in January. On his first day in office, Trump lifted sanctions imposed by the Biden administration on settlers involved in attacks on Palestinian civilians in the West Bank.
Recently freed pro-Palestinian activist Mahmoud Khaliltold CNN that the Trump administration tried to "make an example" of him with his arrest and immigration detention.
Why it matters: Khalil's detention was an early flashpoint in President Trump's crackdown on pro-Palestinian protesters on college campuses following Israel's operations in Gaza.
The world is coming to terms with the new Trump-era reality: Everything is trade.
Why it matters: President Trump is threatening tariff hikes in the weeks ahead, with some of the most aggressive aimed at Canada and Brazil, over issues that have nothing to do with trade.
A week that was supposed to end tariff uncertainty instead marked a new front in Trump's trade war, with planned escalations all around the world and on key sectors, including copper.
President Trump's criminal trials are behind him, but he's now crying "witch hunt" on behalf of ideological allies overseas.
Why it matters: Trump imposed 50% tariffs on Brazil — set to go into effect Aug. 1 — in part because of the prosecution of former President Jair Bolsonaro for his efforts to overturn his loss in 2022, charges that mirror those Trump himself faced. That's an extraordinary intervention in a friendly country's political and judicial processes, with tens of billions in trade at stake.
President Trump announced Thursday plans for a 35% tariff on goods imported from Canada that would take effect on Aug. 1.
Why it matters: The latest twist in the off-on trade war with Canada comes after the key trading partner rescinded its digital services tax to advance broader trade negotiations with the U.S. as it works toward an economic deal ahead of a July 21 deadline.
President Trump is planning to sell weapons to NATO allies with the understanding that they will then provide them to Ukraine, three sources familiar with the discussions tell Axios.
Trump seemed to confirm those plans in an interview with NBC News on Thursday.
Why it matters: This is a major policy shift from Trump as he grows increasingly disillusioned with Russia's Vladimir Putin. He had long rejected the idea of new arms packages for Ukraine in part to avoid becoming personally embroiled in the conflict.
