Deadlocks and dealmakers
Russia presses ahead militarily as Washington mulls sanctions strategy
James Davis analyzes a potential US sanctions package that would impose 500% tariffs on nations trading energy with Moscow. While Senator Lindsey Graham claims President Trump supports the move, insiders say he opposes any binding sanctions that would constrain his flexibility.
SPD congress exposes divisions, raising risks for Merz coalition
Diego Faßnacht assesses the deepening fractures within Germany's Social Democratic Party (SPD) following its national congress, highlighting the risks this poses to Chancellor Friedrich Merz's coalition government and its efforts to implement defense and fiscal reforms.
Japan's election campaign underway as Trump piles on the abuse
Scott Foster details how escalating tariff threats from US President Donald Trump have disrupted Japan's Upper House election campaign, casting a shadow over traditional policy debates while exposing strains in the US-Japan alliance.
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Trump, Zelensky discuss weapons, air defence
Trump, Zelensky discuss weapons, air defence An explosion during a Russian drone and missile strike on Kyiv. Photo: Reuters Ukrainian President Volodymyr Zelensky said he discussed air defences in a conversation with U.S. President Donald Trump on Friday, and agreed to work on increasing Kyiv's capability to "defend the sky" as Russian attacks escalate. He added in a message on Telegram that he discussed joint defence production, as well as joint purchases and investments with the US leader. Ukraine has been asking Washington to sell it more Patriot missiles and systems that it sees as key to defending its cities from intensifying Russian air strikes. A decision by Washington to halt some shipments of weapons to Ukraine prompted warnings by Kyiv that the move would weaken its ability to defend against Russia's airstrikes and battlefield advances. Germany said it is in talks on buying Patriot air defence systems to bridge the gap. One source briefed on the call told Reuters they were optimistic that supplies of Patriot missiles could resume after what they called a "very good" conversation between the presidents. US outlet Axios reported, citing unnamed sources, that the call lasted around 40 minutes, and that Trump told Zelensky he would check what US weapons due to be sent to Ukraine, if any, had been put on hold. Zelensky, speaking later in his nightly video address, said he and Trump had agreed to "arrange a meeting between our teams to strengthen air defences. "We had a very detailed discussion on joint production. We need it, America needs it." The conversation came a day after Trump said he had a disappointing call with Russian President Vladimir Putin. Russia pummelled Kyiv with the largest drone attack of the war across the capital, hours after Trump's conversation with Putin on Thursday. Zelensky called the attack "deliberately massive and cynical." (Reuters)
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France praises China over thaw in brandy trade row
France praises China over thaw in brandy trade row Beijing said 34 European brandy makers, including several French cognac producers, had signed an accord to avoid tariffs. Photo: AFP France on Friday praised China's steps to settle a trade dispute over European brandy imports but warned that "major issues" remained unresolved. The signs of a thaw in the row over the alcohol came as Foreign Minister Wang Yi met French President Emmanuel Macron and French Foreign Minister Jean-Noel Barrot in Paris. In recent months China and the European Union have butted heads over Beijing's generous subsidies for its domestic industries. Beijing launched an investigation last year into EU brandy, months after the bloc undertook a probe into Chinese electric vehicle (EV) subsidies. In the latest salvo, China will from Saturday require European brandy exporters to raise prices or risk anti-dumping taxes of up to 34.9 percent. Beijing said 34 European brandy makers, including several French cognac producers, had signed an accord to avoid tariffs as long as they stick to an agreed minimum price. France's cognac makers' association BNIC, which includes key producers Hennessy, Remy Cointreau and Martell, confirmed that some companies had agreed to price increases in China to avoid anti-dumping taxes. Macron and Barrot praised China's steps to resolve the dispute but stressed they would discuss the outstanding differences with Wang. "This is a positive step towards resolving this dispute, which was threatening our exports," Macron said on X. "I will continue to raise these issues with the Chinese authorities this afternoon." In a statement to AFP, Barrot said: "Several major issues remain unresolved, in particular the exclusion of certain players from the scope of the exemptions." "We remain fully committed to reaching a definitive solution based on the conditions that existed prior to the investigation," he said. Wang has held fraught meetings in several European countries this week. After meeting Macron and Barrot, Wang told a press conference: "The two sides had in-depth, active and sincere exchanges on Sino-French and European relations." No mention was made of the brandy dispute. Almost all EU brandy is cognac produced in France, whose exports to China are worth 1.4 billion euros (US$1.6 billion) per year. French liquor giant Jas Hennessy said it would face levies of 34.9 percent if it did not stick to the deal. Remy Martin will be hit with 34.3 percent and Martell 27.7 percent. (AFP)
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Trump signs his mega tax and spending bill into law
Trump signs his mega tax and spending bill into law US President Donald Trump holds a gavel after signing the "Big Beautiful Bill Act" at the White House in Washington, DC. Photo: AFP US President Donald Trump signed into law a massive package of tax and spending cuts at the White House on Friday, staging an outdoor ceremony on the Fourth of July holiday that took on the air of a Trump political rally. With military jets flying overhead and hundreds of supporters in attendance, Trump signed the bill one day after the Republican-controlled House of Representatives narrowly approved the signature legislation of the president's second term. The bill, which will fund Trump's immigration crackdown, make his 2017 tax cuts permanent, and is expected to knock millions of Americans off health insurance, was passed with a 218-214 vote after an emotional debate on the House floor. "I've never seen people so happy in our country because of that, because so many different groups of people are being taken care of: the military, civilians of all types, jobs of all types," Trump said at the ceremony, thanking House Speaker Mike Johnson and Senate Majority Leader John Thune for leading the bill through the two houses of Congress. "So you have the biggest tax cut, the biggest spending cut, the largest border security investment in American history," Trump said. Trump scheduled the ceremony on the South Lawn of the White House for the July 4 Independence Day holiday, replete with a flyover by stealth bombers and fighter jets like those that took part in the recent US strikes on nuclear facilities in Iran. Hundreds of Trump supporters attended, including White House aides, members of Congress, and military families. After a speech that included boastful claims about the ascendance of America on his watch, Trump signed the bill, posed for pictures with Republican congressional leaders and members of his cabinet, and waded through the crowd of happy supporters. The bill's passage amounts to a big win for Trump and his Republican allies, who have argued it will boost economic growth, while largely dismissing a nonpartisan analysis predicting it will add more than US$3 trillion to the nation's US$36.2 trillion debt. While some lawmakers in Trump's party expressed concerns over the bill's price tag and its hit to healthcare programs, in the end just two of the House's 220 Republicans voted against it, joining all 212 Democrats in opposition. The tense standoff over the bill included a record-long floor speech by House Democratic Leader Hakeem Jeffries, who spoke for eight hours and 46 minutes, blasting the bill as a giveaway to the wealthy that would strip low-income Americans of federally-backed health insurance and food aid benefits. Democratic National Committee Chair Ken Martin predicted the law would cost Republicans votes in congressional elections in 2026. "Today, Donald Trump sealed the fate of the Republican Party, cementing them as the party for billionaires and special interests - not working families," Martin said in a statement. "This legislation will hang around the necks of the GOP for years to come. This was a full betrayal of the American people. Today, we are putting Republicans on notice: you will lose your majority." (Reuters)
