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.
