— The Trump administration announced 30% tariffs on imports from the European Union and Mexico as of August 1, after extending global tariff deadline from July 19.
— U.S. consumers expect inflation to be 3% a year from now, vs. 3.6% when new U.S. tariffs were first announced in April, as tariffs have yet to work their way into across-the-board price increases.
— The Federal Reserve is considering easing one of three main regulations on large banks to be considered well-managed, a week after it loosened capital requirements.
— French President Macron announced an additional 6.5 billion euro in military spending over the next two years, resulting in a doubling of the defense budget since he took office in 2017.
— California released an FAQ for large companies subject to the state’s climate reporting rules as of January 2026; reporting covers value chain emissions and climate-related financial risks.
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