According to Polymarket, probability of having an Israel military response against Iran by Friday is <50% as of writin
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➡️ https://lnkd.in/eG8ABj8f Trump said in a post on his Truth Social platform on Wednesday that a “Big News Conference” was coming “concerning a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY”. The expected UK-US deal is one of 17 agreements that the Trump administration has been aiming to sign with its major trading partners as it rows back on the sweeping tariffs on countries around the world announced on April 2. The US president has been under pressure to deliver some early deals to show investors that he is serious about de-escalating the trade tensions that have caused huge volatility in markets in recent weeks. But US officials have also insisted that a wide range of countries have made offers to Washington in the hope of clinching deals to put a lid on their trade disputes with Trump. The scope and details of the pact expected on Thursday with the UK was not clear, including whether further negotiations will be needed to finalise it, and how much relief from US tariffs Britain will get. The Financial Times reported on Tuesday that Washington and London were close to agreeing a trade pact that would offer lower-tariff quotas for British cars and steel exports, which were hit by 25 per cent levies by Trump earlier this year. Such tariff relief would help offset the impact of Trump’s “liberation day” levies on UK exports to the US — which were set at the baseline rate of 10 per cent last month. Source FT
➡️ India says it has targeted 9 Pakistani terror camps in Pak occupied Kashmir using standoff missile strikes as part of Operation Sindoor
▶️ The United States has refused Japan's full exemption from not only a 10 percent "reciprocal" tariff but a country-specific tariff in recent negotiations, sources close to the matter said Monday. ▶️ U.S. officials including Treasury Secretary Scott Bessent told Japan's top negotiator Ryosei Akazawa in their meeting in Washington last week that the administration of President Donald Trump intends to put only a cut in the 14 percent country-specific tariff, suspended through early July, on the negotiating table, the sources said. ▶️ The U.S. side stressed in the second round of the negotiations that it will only consider extending the 90-day suspension or lowering the 14 percent tariff depending on the progress of their talks, according to the sources.