RT @thehill: Trump announces Ukraine weapons deal with NATO. Follow live:

Following up on the threatened 35% tariff for Canada, Trump now says Mexico is getting 30%. (The EU, too.) The White House has already said that most Canadian goods are tariff exempt. Mexico will probably get the same treatment due to USMCA.

- Markets are unhappy and Canadian dollar down against U.S. dollar, but that also just seems to be the new normal. Read more via @Reuters here:.

ANALYSIS. - Seems like more U.S. posturing via social media to keep pressure on negotiating partners. - Canada recently gave Trump a win by scrapping an EU-style digital tax. - Trump seems unimpressed, but Canadians also not panicking. Escalating Trump threats now baked in.

TRUMP TARGETS CANADA . - No new trade deal seems likely by agreed-on deadline of July 16; new goal is end of month. - Trump says Canada will face 35% tariff on Aug. 1. - But most goods will be tariff-exempt due to existing U.S.-Canada-Mexico agreement.

Japan wants concessions for its large automobile industry, top trade negotiator Ryosei Akazawa said on Tuesday. South Korea said it planned to intensify trade talks over the coming weeks "to reach a mutually beneficial result.". Full story via @reuters .

ASIA REACTS. Trump has ramped up his trade war again, telling 14 nations they would face tariffs ranging from 25% for countries including Japan and South Korea, to 40% for Laos and Myanmar. With the start date of Aug. 1, there is a window for countries to press for better terms.

The duty collected by the U.S. would amount to $725 million. New Delhi will impose an "equivalent amount of duty collected from products originating in the United States.”. Full story via @Reuters.

INDIA SAYS WILL RETALIATE . New Delhi has proposed retaliatory duties against the U.S. at the World Trade Organization, saying Washington's 25% tariff on automobiles and some auto parts would affect $2.89 billion of India's exports.

Read the full story in @POLITICOEurope, reporting by @Victorglaf.

Speaking from the university’s astrophysics lab, AMU President Eric Berton likened the situation to that of European academics who fled persecution by Nazi Germany. “What is at play here today is not unrelated to another dark period of our history,” he said.

TRUMP “REFUGEES” REACH FRANCE. The first U.S. academics fleeing Trump's America for France have arrived. Aix-Marseille University last week introduced eight U.S.-based researchers who were in the final stage of joining the institution's “Safe Place for Science" program.

Automakers in Canada have been pulling back, idling plants even before the tariffs. Since the tariffs were announced, Canada’s auto sector has shed thousands of jobs. Story via @globeandmail. READ MORE HERE:

MEXICO HANGS ON. There are early signs that Mexico’s low-cost automaking industry is better prepared than Canada’s to weather Trump’s trade war. Mexico’s auto exports fell by 11% in April, the first month the tariffs were in place, compared to a 23% drop in Canadian car exports.

RT @Reuters: India to finalise interim trade deal with US as early as this week, FT reports

Scrapping the DST — regardless of whether it was a panicked capitulation or a cunning ploy — has worked out for the Canadians.

The DST wasn’t going to be popular in Canada and new PM Carney can blame it on his predecessor and wash his hands of it, giving Trump a win the president can claim that doesn’t cost Caanda much. Or Canada blinked. Who knows?.

Interesting, from Canada’s finance minister. Canada had been set to impose a digital service tax on (mainly U.S.) foreign service providers. Trump broke off trade talks, citing this. Canada backed down at once. Unclear if this is a capitulation or unfolding Canadian strategy.

RT @lundayfunday: Germany’s plan to enshrine an EU security loophole into law could shake future defense deals with the US, UK & Turkey — p….

RT @josh_wingrove: (Bloomberg) -- The European Union and the US believe they can clinch some form of a trade agreement before a July 9 dead….