The European Union is currently negotiating a deal in which its products imported into the U.S. are tariffed at a 15% rate. That would be well below the 30% rate President Donald Trump announced earlier this month in a letter to the 27-member bloc.

The new rate is higher than what Trump had threatened when he first unveiled sweeping global tariffs in April.

Australia lifted on Thursday strict biosecurity restrictions on beef imports from the U.S. after an extensive scientific and risk review, likely removing a key concern for U.S. President Donald Trump's administration over bilateral trade.

South Korea’s economy returned to growth last quarter after a modest contraction in the previous period, signaling resilience even as trade tensions simmer and domestic financial risks deepen.

Japan trade deal boosts Japanese equities and benefits Franklin FTSE Japan ETF, but faces issues with tariffs and market trends. Click for my FLJP update.

The president's trade policies are wreaking havoc on the American auto industry. Another automaker, Stellantis, also reported losses this week.

US stocks will shrug off tariff risks to get a boost from the second-quarter earnings season, the latest Markets Pulse survey showed.