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US inflation rises to 2.4% in May, yet tariffs from the Trump administration show limited effects on consumer prices.
Trump announces a tentative trade deal with China, including tariffs and rare earth minerals exchange.
A federal appeals court allows President Trump's tariffs to remain while legal challenges continue, impacting U.S. trade policies.
World Bank reduces global growth forecast to 2.3% for 2025 as trade tensions rise, while India is projected to maintain a 6.3% growth rate.
Russia and Ukraine engage in an extensive prisoner exchange focusing on soldiers under 25, while conflicts persist across the front lines.
Italy's referendum to ease citizenship laws and improve labor rights fails as turnout falls below required thresholds.
China's export growth slowed to 4.8% in May, amidst significant drops in shipments to the U.S. and ongoing trade turmoil.
Hong Kong maintains its US dollar peg, citing it as essential to financial stability amid market fluctuations and global tensions.
Indonesia expects to finalize its free trade agreement with the EU after nearly a decade of negotiations.
China plans to fast-track rare earth export approvals to the EU, with a decision on brandy import duties expected by July 5.
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