Diplomacy
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Trump to start notifying countries of new tariff rates ahead of July 9 deadline
Trump said tariff rates could rise to as high as 70% on some countries if no trade deals are reached.
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State Department sanctions new individuals, entities connected to Iranian oil trade
The sanctions block all property in the United States that are owned by the people on the list, and all interests in the properties of those listed must be reported to the Treasury Department's Office of Foreign Assets Control.
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Amid progress with other countries, trade negotiations with Japan hit a roadblock
Japan views tariffs on automobiles, one of the most important industries in the country, as a sticking point. Unlike most of the world, Japan remains intransigent on compromise.