Global Hotspots: U.S. Trade Deadline Takes Center Stage

New Lines Institute for Strategy and Policy

This week, several countries, including Canada, India, and other major economies, continued to negotiate with the U.S. ahead of an Aug. 1 deadline to make a trade deal, as the European Union and Asian nations including South Korea reached agreements. In the Indo-Pacific, U.S. Treasury Secretary Scott Bessent met with a Chinese delegation in Stockholm, where both sides agreed to extend bilateral trade negotiations. In the Middle East, several countries have announced they would recognize Palestine as a state in the upcoming U.N. General Assembly in September, while the U.S. imposed additional sanctions targeting Iran. In the Russia/Ukraine conflict, U.S. President Donald Trump reduced the timeline for Russia to agree to a ceasefire from 50 to 10 days, while the Ukrainian parliament passed legislation restoring the independence of anti-corruption bodies after facing international and domestic backlash. Read the full Weekly Forecast Monitor here: https://newlinesinstitute.org/forecast/week-20250801/ Marxist Arrow by Twin Musicom is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/