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Trump eyes Sept. 24 for Xi visit to the US

Plus: Blue-collar workers doubt tariffs can fix factory malaise, and NATO allies face pressure on defense spending

Monday, July 6, 2026

Trump expects to host Xi at the White House around Sept. 24

President Trump said Monday he anticipates meeting Chinese President Xi Jinping around Sept. 24, a date that would coincide with the UN General Assembly in New York. Trump floated the timeline during an event focused on White House construction, citing an expected visit by the Chinese president as one reason for building a new ballroom.
The disclosure is notable for its informality: a major diplomatic meeting flagged during a discussion about interior renovations. Still, the September window gives both governments roughly 11 weeks to prepare what would be a high-stakes bilateral meeting as trade tensions remain elevated and the two countries continue negotiating tariff and market-access disputes.
For investors and executives, a confirmed summit date would be a significant calendar marker. US-China summits have historically served as forcing functions for trade framework announcements and sector-specific deals. Watch for whether the White House formalizes the invitation and whether Beijing publicly confirms — both signals that negotiations are progressing rather than stalling.
Read more at Bloomberg ›

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Trade & Tariffs

Trump's tariffs haven't sparked the industrial revival his base hoped for

Nearly 18 months into Trump's aggressive tariff program, the blue-collar workers who were among its most ardent supporters are growing skeptical that import duties alone can reverse decades of factory decline. A union leader interviewed for a forthcoming story — a career-long opponent of free trade whose office wall displays a poster reading 'Free Traders Are Traitors' — reflects a constituency that wanted industrial renewal, not just higher prices at the border. The duties have raised costs for American manufacturers that rely on imported
inputs and have yet to trigger the broad factory investment their architects promised. For business strategists, the gap between tariff politics and industrial economics is widening, and that tension will shape the 2026 midterm environment.
Read more at Bloomberg ›

Trading partners push back on US forced-labor tariff findings

Foreign governments and industries are contesting Trump administration findings that they have done too little to purge forced-labor goods from their supply chains, as Washington prepares to impose new duties using alternative tariff authorities after the Supreme Court struck down earlier measures in February. The first investigation report, published last month, recommended duties of 10 to 12.5 percent on 60 trading partners. The pushback signals that any new tariff regime will face legal and diplomatic resistance, complicating supply chain
planning for importers.
Read more at POLITICO ›

White House accelerates helipad work ahead of expected Xi visit, adding $875K to cost

The White House directed contractors to accelerate construction of a new helipad and related infrastructure in anticipation of an upcoming state visit, requiring around-the-clock work and adding $875,000 to the project's cost, according to contractor records obtained by The Washington Post. The push aligns with Trump's statement that he expects to host Chinese President Xi Jinping around Sept. 24. The cost increase underscores how quickly diplomatic scheduling decisions translate into federal expenditures.
Read more at The Washington Post ›

Tencent unit seeks up to $1.55 billion in Kuaishou share sale

Tencent Mobility, a unit of Tencent Holdings, is seeking to raise up to $1.55 billion by selling shares in Chinese short-video company Kuaishou Technology, according to a term sheet seen by Reuters on Monday. The block sale reflects ongoing portfolio rebalancing among China's large technology conglomerates and will test institutional appetite for Chinese consumer internet exposure at a moment when US-China relations remain in flux.
Read more at Reuters ›

US Ambassador calls Canada funding the Gordie Howe Bridge a 'big myth,' sparking backlash

US Ambassador to Canada Peter Hoekstra drew sharp criticism from Canadian commentators after saying on a podcast that the claim Canada paid for the Gordie Howe International Bridge is a 'big myth.' Former officials who served under Prime Minister Stephen Harper — who signed the 2012 agreement committing Canada to fund and build the structure — called the remarks false and inflammatory. The bridge remains closed despite a completed structure, with its opening postponed from a scheduled June 12 ceremony for unspecified reasons, adding friction to
an already strained bilateral relationship.
Read more at Detroit Free Press ›

Germany calls ThyssenKrupp submarine bid for Canada 'unbeatable'

The German government said Monday it is confident Canada will select a bid led by ThyssenKrupp Marine Systems to build a fleet of submarines in a contract worth tens of billions of dollars. A German official told reporters in Berlin the TKMS offer is unbeatable and suggested the NATO summit in Ankara, beginning Tuesday, would be the appropriate setting for Ottawa to announce its decision. The contract would be among the largest defense procurement deals in Canadian history and a major win for European defense industry.
Read more at Bloomberg ›

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NATO in Ankara

Europe heads into NATO summit bracing for Trump pressure over Iran and defense spending

US allies are entering the NATO summit in Ankara on July 7-8 with elevated anxiety about what President Trump might demand or concede. Trump has expressed frustration that European allies declined to support his military action in Iran, and has publicly questioned whether the US should continue underwriting Europe's security when allies do not reciprocate on American strategic priorities. While legal and procedural barriers make a unilateral US withdrawal from NATO unlikely, Trump's leverage over alliance commitments, burden-sharing
requirements, and bilateral security guarantees gives him substantial room to reshape the terms of American participation. For European defense contractors and bond markets, the summit's outcome will influence years of procurement and fiscal planning.
Read more at Bloomberg ›

NATO chief demands credible defense spending plans as summit opens in Ankara

NATO Secretary-General Mark Rutte on Monday called on all 32 member nations to present clear, concrete, and credible plans to meet the alliance's spending targets at the Ankara summit. Members agreed last year to invest 5 percent of GDP on defense — 3.5 percent on military budgets and 1.5 percent on dual-use infrastructure. With the US scaling back its security role in Europe, the pressure on allies to demonstrate fiscal commitment is greater than at any recent summit.
Read more at Atlanta Journal-Constitution ›

Germany plans to devote one-third of its federal budget to defense by 2030

Germany's cabinet approved a budget framework Monday projecting defense and security spending will exceed 200 billion euros by 2030, representing roughly one-third of the federal budget. Spending will surpass 150 billion euros next year and climb to more than 190 billion euros by 2030, according to the Finance Ministry. The figures include military aid to Ukraine. The commitment represents a structural shift in German fiscal policy and signals sustained demand for defense equipment and services from Europe's largest economy.
Read more at Bloomberg ›

Europe's rearmament drive is under way, but the hard work lies ahead

European nations are rebuilding military capabilities that atrophied after the Cold War, driven by Russian expansionism and a reduced US commitment to NATO. The European Commission has made 150 billion euros in cheap loans available for joint military procurement and relaxed fiscal rules to allow higher defense spending. Germany has launched a weapons shopping and production effort worth hundreds of billions of dollars, and most European NATO members are targeting defense spending of 3.5 percent of GDP, up from as little as 1 percent. Execution
— procurement pipelines, industrial capacity, and political will — remains the central challenge.
Read more at Bloomberg ›

Trump to meet Zelensky and Syria's new leader on the sidelines of NATO summit

President Trump will hold bilateral meetings with Ukrainian President Volodymyr Zelensky and Syrian President Ahmed al-Sharaa on Wednesday in Ankara, where he is attending the NATO summit, according to a senior White House official. The Zelensky session follows a July 4 phone call in which the two leaders discussed frontline conditions and diplomatic progress. Zelensky said a real prospect exists to end the war, and Trump previously told reporters after a G-7 meeting that Russia should make a deal. A press conference is scheduled before Trump
departs for Washington.
Read more at The Hill ›

Kremlin says Putin and Trump agreed to talk again 'in the near future'

The Kremlin said Monday that Vladimir Putin and Donald Trump agreed during a weekend call to speak again in the near future, with the conversation likely to follow Trump's meeting with Zelensky at the NATO summit Wednesday. Kremlin spokesman Dmitry Peskov confirmed the expected follow-up contact and said Trump holds a consistent position on the Ukraine conflict. The sequencing — Zelensky first, then Putin — mirrors the shuttle-diplomacy structure the US has employed in previous ceasefire efforts and will be closely watched by markets sensitive
to energy prices and European security.
Read more at Reuters ›

Markets & the Economy

Trump rings NYSE bell to promote Trump accounts, but stock gains aren't reaching most voters

Trump appeared at the New York Stock Exchange Monday to ring the opening bell in support of Trump Accounts, investment vehicles created under the Republicans' 2025 tax and spending legislation that give children born between 2025 and 2028 a $1,000 federal deposit into a stock-index account. Treasury Secretary Scott Bessent has acknowledged that 38 percent of American adults hold no stocks, meaning the market's gains — the S&P 500 rose 17.9 percent in 2025 — bypass a large portion of the electorate. Only 33 percent of US adults approved of
Trump's economic leadership in a June AP-NORC survey, suggesting that tying presidential identity to equity performance carries real political risk when broader cost-of-living pressures persist.
Read more at The Boston Globe ›

Traders may be misreading the Fed as rate-cut hopes fade

Interest rate expectations have shifted sharply this year, moving from anticipated cuts to forecasts of additional hikes. A softer-than-expected jobs report tempered some of those hawkish expectations, but Laura Cooper of Nuveen told Reuters that a resilient labor market still supports the Federal Reserve's focus on inflation, keeping rate cuts off the near-term table. For equity and fixed-income investors who priced in an easing cycle, the recalibration carries real portfolio implications heading into the second half of the year.
Read more at Reuters ›

Trump floats Australia-style mandatory retirement savings accounts for adults

President Trump said Monday his administration is developing a plan to create adult retirement savings accounts modeled on Australia's superannuation system, which requires employers to contribute 12 percent of workers' pay into retirement funds. Trump described the idea as something for grown-ups, distinct from the child-focused Trump Accounts, and said the administration would work with Congress on implementation. If pursued, a mandatory employer-contribution framework would represent a significant structural change to US retirement policy
and a major cost consideration for American businesses.
Read more at The Hill ›

Trump accounts offer children born 2025-2028 a $1,000 federal investment deposit

Under the Trump Accounts program created by the Republicans' 2025 legislation, any baby born between 2025 and 2028 is eligible to receive $1,000 deposited by the federal government into an investment account tied to stock indexes. Recipients can access the funds when they turn 18. The accounts are designed to expand equity ownership among Americans who currently have no direct exposure to financial markets, though their long-term impact depends on market performance over an 18-year horizon.
Read more at CNN ›

Trump's coal revival policy forces Arizona plant to stay open at higher cost

An Arizona coal power plant that received federal funding two years ago to go coal-free by 2028 has now been granted nearly $21 million under the Defense Production Act to maintain and upgrade its coal turbine instead. The Department of Energy is distributing $425 million across 12 existing coal facilities nationally. The policy reversal illustrates the direct cost to power providers forced to retain assets they had been retiring, and raises longer-term questions about grid planning and energy investment certainty for utilities and their
customers.
Read more at The Arizona Republic ›

Texas data centers are dodging water-use surveys as the state faces a growing water crisis

Texas faces potentially severe water shortages requiring tens of billions of dollars in new infrastructure, yet only 17 percent of the state's 341 data centers responded to a survey on water consumption sent by the Texas Water Development Board. A separate Public Utilities Commission survey of 92 data centers and cryptomining facilities drew responses from only 28. The low response rates, revealed at a legislative hearing, intensify pressure on lawmakers to impose mandatory disclosure or stricter regulation on an industry with significant and
largely undocumented water demands.
Read more at Houston Chronicle ›

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<div style="display:none;max-height:0;overflow:hidden;mso-hide:all;font-size:1px;line-height:1px;color:#ffffff;">Plus: Blue-collar workers doubt tariffs can fix factory malaise, and NATO allies face pressure on defense spending</div>
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<tr><td style="padding:24px 0 12px;text-align:center;background:#0b1f3a;"><a href="https://www.ne16.com/t/10952827/226878389/10089308/0/1009503/?x=7c262d4e"; target="_blank" rel="noopener noreferrer" style="color: #1a2d47; display: block; text-decoration: none;"><img src="https://1f33e6df-0cdd-4bd4-a1c7-b80092636be6-00-ifdecxo6gph1.riker.replit.dev/api/storage/public-objects/brand/quartz-washington-masthead.jpg"; alt="Quartz Washington" width="600" style="outline: none; text-decoration: none; display: block; width: 100%; max-width: 600px; max-height: 167px; height:
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<tr><td style="padding:24px 24px 24px;"><h1 style="margin:0 0 10px;font-family:Helvetica, Arial, sans-serif;font-size:30px;line-height:1.25;color:#0b1f3a;text-align:left;"><a href="https://www.ne16.com/t/10952827/226878389/10115459/0/1009503/?x=7e10a634"; style="color: #0b1f3a; text-decoration: none;">Trump expects to host Xi at the White House around Sept. 24</a></h1><div style="font-size:18px;line-height:1.6;color:#1a1a1a;text-align:left;"><p style="margin:0;">President Trump said
Monday he anticipates meeting Chinese President Xi Jinping around Sept. 24, a date that would coincide with the UN General Assembly in New York. Trump floated the timeline during an event focused on White House construction, citing an expected visit by the Chinese president as one reason for building a new ballroom.</p><p style="margin:12px 0 0;">The disclosure is notable for its informality: a major diplomatic meeting flagged during a discussion about interior renovations. Still, the September window gives both governments roughly 11 weeks to
prepare what would be a high-stakes bilateral meeting as trade tensions remain elevated and the two countries continue negotiating tariff and market-access disputes.</p><p style="margin:12px 0 0;">For investors and executives, a confirmed summit date would be a significant calendar marker. US-China summits have historically served as forcing functions for trade framework announcements and sector-specific deals. Watch for whether the White House formalizes the invitation and whether Beijing publicly confirms — both signals that negotiations are
progressing rather than stalling.</p></div><div style="padding:8px 0 0;text-align:left;"><a href="https://www.ne16.com/t/10952827/226878389/10115459/0/1009503/?x=7e10a634"; style="color: #1a2d47; text-decoration: none; font-weight: 600; font-size: 14px;">Read more at Bloomberg ›</a></div></td></tr>
<tr><td style="padding:16px 24px;"><table role="presentation" width="100%" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%;"><tr><td colspan="6" style="width:100%;position:static;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:12px;color:#000000" class="snippet td100"><table data-rss-posts="undefined" cellpadding="0" cellspacing="0" border="0" height="100%" width="100%" style="table-layout:fixed;margin-left:auto;margin-right:auto" align="center"><tbody><tr
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<tr><td style="padding:28px 24px 12px;"><div style="font-size:14px;letter-spacing:0px;font-weight:700;color:#1a2d47;border-bottom:2px solid #0b1f3a;padding-bottom:6px;">Trade & Tariffs</div></td></tr>
<tr><td style="padding:12px 24px 12px;"><h3 style="margin:0 0 8px;font-family:Helvetica, Arial, sans-serif;font-size:24px;line-height:1.3;color:#0b1f3a;text-align:left;"><a href="https://www.ne16.com/t/10952827/226878389/10115461/0/1009503/?x=bd12e693"; style="color: #0b1f3a; text-decoration: none;">Trump's tariffs haven't sparked the industrial revival his base hoped for</a></h3><div style="font-size:17px;line-height:1.6;color:#1a1a1a;text-align:left;"><p style="margin:0;">Nearly 18 months into Trump's aggressive tariff
program, the blue-collar workers who were among its most ardent supporters are growing skeptical that import duties alone can reverse decades of factory decline. A union leader interviewed for a forthcoming story — a career-long opponent of free trade whose office wall displays a poster reading 'Free Traders Are Traitors' — reflects a constituency that wanted industrial renewal, not just higher prices at the border. The duties have raised costs for American manufacturers that rely on imported inputs and have yet to trigger the broad factory
investment their architects promised. For business strategists, the gap between tariff politics and industrial economics is widening, and that tension will shape the 2026 midterm environment.</p></div><div style="padding:8px 0 0;text-align:left;"><a href="https://www.ne16.com/t/10952827/226878389/10115461/0/1009503/?x=bd12e693"; style="color: #1a2d47; text-decoration: none; font-weight: 600; font-size: 14px;">Read more at Bloomberg ›</a></div></td></tr>
<tr><td style="padding:0 24px;"><div style="border-top:1px solid #e3e6eb;line-height:1px;font-size:1px;"> </div></td></tr>
<tr><td style="padding:12px 24px 12px;"><h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#0b1f3a;text-align:left;"><a href="https://www.ne16.com/t/10952827/226878389/10115462/0/1009503/?x=628198d6"; style="color: #0b1f3a; text-decoration: none;">Trading partners push back on US forced-labor tariff findings</a></h4><div style="font-size:16px;line-height:1.6;color:#1a1a1a;text-align:left;"><p style="margin:0;">Foreign governments and industries are contesting Trump
administration findings that they have done too little to purge forced-labor goods from their supply chains, as Washington prepares to impose new duties using alternative tariff authorities after the Supreme Court struck down earlier measures in February. The first investigation report, published last month, recommended duties of 10 to 12.5 percent on 60 trading partners. The pushback signals that any new tariff regime will face legal and diplomatic resistance, complicating supply chain planning for importers.</p></div><div style="padding:8px 0
0;text-align:left;"><a href="https://www.ne16.com/t/10952827/226878389/10115462/0/1009503/?x=628198d6"; style="color: #1a2d47; text-decoration: none; font-weight: 600; font-size: 14px;">Read more at POLITICO ›</a></div></td></tr>
<tr><td style="padding:0 24px;"><div style="border-top:1px solid #e3e6eb;line-height:1px;font-size:1px;"> </div></td></tr>
<tr><td style="padding:12px 24px 12px;"><h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#0b1f3a;text-align:left;"><a href="https://www.ne16.com/t/10952827/226878389/10115463/0/1009503/?x=17bfd7af"; style="color: #0b1f3a; text-decoration: none;">White House accelerates helipad work ahead of expected Xi visit, adding $875K to cost</a></h4><div style="font-size:16px;line-height:1.6;color:#1a1a1a;text-align:left;"><p style="margin:0;">The White House directed
contractors to accelerate construction of a new helipad and related infrastructure in anticipation of an upcoming state visit, requiring around-the-clock work and adding $875,000 to the project's cost, according to contractor records obtained by The Washington Post. The push aligns with Trump's statement that he expects to host Chinese President Xi Jinping around Sept. 24. The cost increase underscores how quickly diplomatic scheduling decisions translate into federal expenditures.</p></div><div style="padding:8px 0 0;text-align:left;"><a
href="https://www.ne16.com/t/10952827/226878389/10115463/0/1009503/?x=17bfd7af"; style="color: #1a2d47; text-decoration: none; font-weight: 600; font-size: 14px;">Read more at The Washington Post ›</a></div></td></tr>
<tr><td style="padding:0 24px;"><div style="border-top:1px solid #e3e6eb;line-height:1px;font-size:1px;"> </div></td></tr>
<tr><td style="padding:12px 24px 12px;"><h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#0b1f3a;text-align:left;"><a href="https://www.ne16.com/t/10952827/226878389/10115464/0/1009503/?x=6c3f0f62"; style="color: #0b1f3a; text-decoration: none;">Tencent unit seeks up to $1.55 billion in Kuaishou share sale</a></h4><div style="font-size:16px;line-height:1.6;color:#1a1a1a;text-align:left;"><p style="margin:0;">Tencent Mobility, a unit of Tencent Holdings, is
seeking to raise up to $1.55 billion by selling shares in Chinese short-video company Kuaishou Technology, according to a term sheet seen by Reuters on Monday. The block sale reflects ongoing portfolio rebalancing among China's large technology conglomerates and will test institutional appetite for Chinese consumer internet exposure at a moment when US-China relations remain in flux.</p></div><div style="padding:8px 0 0;text-align:left;"><a
href="https://www.ne16.com/t/10952827/226878389/10115464/0/1009503/?x=6c3f0f62"; style="color: #1a2d47; text-decoration: none; font-weight: 600; font-size: 14px;">Read more at Reuters ›</a></div></td></tr>
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<tr><td style="padding:12px 24px 12px;"><h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#0b1f3a;text-align:left;"><a href="https://www.ne16.com/t/10952827/226878389/10115465/0/1009503/?x=fb75d342"; style="color: #0b1f3a; text-decoration: none;">US Ambassador calls Canada funding the Gordie Howe Bridge a 'big myth,' sparking backlash</a></h4><div style="font-size:16px;line-height:1.6;color:#1a1a1a;text-align:left;"><p style="margin:0;">US Ambassador to
Canada Peter Hoekstra drew sharp criticism from Canadian commentators after saying on a podcast that the claim Canada paid for the Gordie Howe International Bridge is a 'big myth.' Former officials who served under Prime Minister Stephen Harper — who signed the 2012 agreement committing Canada to fund and build the structure — called the remarks false and inflammatory. The bridge remains closed despite a completed structure, with its opening postponed from a scheduled June 12 ceremony for unspecified reasons, adding friction to an already
strained bilateral relationship.</p></div><div style="padding:8px 0 0;text-align:left;"><a href="https://www.ne16.com/t/10952827/226878389/10115465/0/1009503/?x=fb75d342"; style="color: #1a2d47; text-decoration: none; font-weight: 600; font-size: 14px;">Read more at Detroit Free Press ›</a></div></td></tr>
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<tr><td style="padding:12px 24px 12px;"><h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#0b1f3a;text-align:left;"><a href="https://www.ne16.com/t/10952827/226878389/10115466/0/1009503/?x=ebb4c146"; style="color: #0b1f3a; text-decoration: none;">Germany calls ThyssenKrupp submarine bid for Canada 'unbeatable'</a></h4><div style="font-size:16px;line-height:1.6;color:#1a1a1a;text-align:left;"><p style="margin:0;">The German government said Monday it is confident Canada
will select a bid led by ThyssenKrupp Marine Systems to build a fleet of submarines in a contract worth tens of billions of dollars. A German official told reporters in Berlin the TKMS offer is unbeatable and suggested the NATO summit in Ankara, beginning Tuesday, would be the appropriate setting for Ottawa to announce its decision. The contract would be among the largest defense procurement deals in Canadian history and a major win for European defense industry.</p></div><div style="padding:8px 0 0;text-align:left;"><a
href="https://www.ne16.com/t/10952827/226878389/10115466/0/1009503/?x=ebb4c146"; style="color: #1a2d47; text-decoration: none; font-weight: 600; font-size: 14px;">Read more at Bloomberg ›</a></div></td></tr>
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<tr><td style="padding:28px 24px 12px;"><div style="font-size:14px;letter-spacing:0px;font-weight:700;color:#1a2d47;border-bottom:2px solid #0b1f3a;padding-bottom:6px;">NATO in Ankara</div></td></tr>
<tr><td style="padding:12px 24px 12px;"><h3 style="margin:0 0 8px;font-family:Helvetica, Arial, sans-serif;font-size:24px;line-height:1.3;color:#0b1f3a;text-align:left;"><a href="https://www.ne16.com/t/10952827/226878389/10115467/0/1009503/?x=a9dbda5f"; style="color: #0b1f3a; text-decoration: none;">Europe heads into NATO summit bracing for Trump pressure over Iran and defense spending</a></h3><div style="font-size:17px;line-height:1.6;color:#1a1a1a;text-align:left;"><p
style="margin:0;">US allies are entering the NATO summit in Ankara on July 7-8 with elevated anxiety about what President Trump might demand or concede. Trump has expressed frustration that European allies declined to support his military action in Iran, and has publicly questioned whether the US should continue underwriting Europe's security when allies do not reciprocate on American strategic priorities. While legal and procedural barriers make a unilateral US withdrawal from NATO unlikely, Trump's leverage over alliance commitments,
burden-sharing requirements, and bilateral security guarantees gives him substantial room to reshape the terms of American participation. For European defense contractors and bond markets, the summit's outcome will influence years of procurement and fiscal planning.</p></div><div style="padding:8px 0 0;text-align:left;"><a href="https://www.ne16.com/t/10952827/226878389/10115467/0/1009503/?x=a9dbda5f"; style="color: #1a2d47; text-decoration: none; font-weight: 600; font-size: 14px;">Read
more at Bloomberg ›</a></div></td></tr>
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<tr><td style="padding:12px 24px 12px;"><h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#0b1f3a;text-align:left;"><a href="https://www.ne16.com/t/10952827/226878389/10115468/0/1009503/?x=d1039d85"; style="color: #0b1f3a; text-decoration: none;">NATO chief demands credible defense spending plans as summit opens in Ankara</a></h4><div style="font-size:16px;line-height:1.6;color:#1a1a1a;text-align:left;"><p style="margin:0;">NATO Secretary-General Mark Rutte on Monday
called on all 32 member nations to present clear, concrete, and credible plans to meet the alliance's spending targets at the Ankara summit. Members agreed last year to invest 5 percent of GDP on defense — 3.5 percent on military budgets and 1.5 percent on dual-use infrastructure. With the US scaling back its security role in Europe, the pressure on allies to demonstrate fiscal commitment is greater than at any recent summit.</p></div><div style="padding:8px 0 0;text-align:left;"><a
href="https://www.ne16.com/t/10952827/226878389/10115468/0/1009503/?x=d1039d85"; style="color: #1a2d47; text-decoration: none; font-weight: 600; font-size: 14px;">Read more at Atlanta Journal-Constitution ›</a></div></td></tr>
<tr><td style="padding:0 24px;"><div style="border-top:1px solid #e3e6eb;line-height:1px;font-size:1px;"> </div></td></tr>
<tr><td style="padding:12px 24px 12px;"><h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#0b1f3a;text-align:left;"><a href="https://www.ne16.com/t/10952827/226878389/10115469/0/1009503/?x=c9a8c069"; style="color: #0b1f3a; text-decoration: none;">Germany plans to devote one-third of its federal budget to defense by 2030</a></h4><div style="font-size:16px;line-height:1.6;color:#1a1a1a;text-align:left;"><p style="margin:0;">Germany's cabinet approved a budget framework
Monday projecting defense and security spending will exceed 200 billion euros by 2030, representing roughly one-third of the federal budget. Spending will surpass 150 billion euros next year and climb to more than 190 billion euros by 2030, according to the Finance Ministry. The figures include military aid to Ukraine. The commitment represents a structural shift in German fiscal policy and signals sustained demand for defense equipment and services from Europe's largest economy.</p></div><div style="padding:8px 0 0;text-align:left;"><a
href="https://www.ne16.com/t/10952827/226878389/10115469/0/1009503/?x=c9a8c069"; style="color: #1a2d47; text-decoration: none; font-weight: 600; font-size: 14px;">Read more at Bloomberg ›</a></div></td></tr>
<tr><td style="padding:0 24px;"><div style="border-top:1px solid #e3e6eb;line-height:1px;font-size:1px;"> </div></td></tr>
<tr><td style="padding:12px 24px 12px;"><h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#0b1f3a;text-align:left;"><a href="https://www.ne16.com/t/10952827/226878389/10115470/0/1009503/?x=f6ab0370"; style="color: #0b1f3a; text-decoration: none;">Europe's rearmament drive is under way, but the hard work lies ahead</a></h4><div style="font-size:16px;line-height:1.6;color:#1a1a1a;text-align:left;"><p style="margin:0;">European nations are rebuilding military capabilities
that atrophied after the Cold War, driven by Russian expansionism and a reduced US commitment to NATO. The European Commission has made 150 billion euros in cheap loans available for joint military procurement and relaxed fiscal rules to allow higher defense spending. Germany has launched a weapons shopping and production effort worth hundreds of billions of dollars, and most European NATO members are targeting defense spending of 3.5 percent of GDP, up from as little as 1 percent. Execution — procurement pipelines, industrial capacity, and
political will — remains the central challenge.</p></div><div style="padding:8px 0 0;text-align:left;"><a href="https://www.ne16.com/t/10952827/226878389/10115470/0/1009503/?x=f6ab0370"; style="color: #1a2d47; text-decoration: none; font-weight: 600; font-size: 14px;">Read more at Bloomberg ›</a></div></td></tr>
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<tr><td style="padding:12px 24px 12px;"><h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#0b1f3a;text-align:left;"><a href="https://www.ne16.com/t/10952827/226878389/10115471/0/1009503/?x=637483b1"; style="color: #0b1f3a; text-decoration: none;">Trump to meet Zelensky and Syria's new leader on the sidelines of NATO summit</a></h4><div style="font-size:16px;line-height:1.6;color:#1a1a1a;text-align:left;"><p style="margin:0;">President Trump will hold bilateral meetings with Ukrainian President
Volodymyr Zelensky and Syrian President Ahmed al-Sharaa on Wednesday in Ankara, where he is attending the NATO summit, according to a senior White House official. The Zelensky session follows a July 4 phone call in which the two leaders discussed frontline conditions and diplomatic progress. Zelensky said a real prospect exists to end the war, and Trump previously told reporters after a G-7 meeting that Russia should make a deal. A press conference is scheduled before Trump departs for Washington.</p></div><div style="padding:8px 0
0;text-align:left;"><a href="https://www.ne16.com/t/10952827/226878389/10115471/0/1009503/?x=637483b1"; style="color: #1a2d47; text-decoration: none; font-weight: 600; font-size: 14px;">Read more at The Hill ›</a></div></td></tr>
<tr><td style="padding:0 24px;"><div style="border-top:1px solid #e3e6eb;line-height:1px;font-size:1px;"> </div></td></tr>
<tr><td style="padding:12px 24px 12px;"><h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#0b1f3a;text-align:left;"><a href="https://www.ne16.com/t/10952827/226878389/10115472/0/1009503/?x=361e911a"; style="color: #0b1f3a; text-decoration: none;">Kremlin says Putin and Trump agreed to talk again 'in the near future'</a></h4><div style="font-size:16px;line-height:1.6;color:#1a1a1a;text-align:left;"><p style="margin:0;">The Kremlin said Monday that Vladimir Putin
and Donald Trump agreed during a weekend call to speak again in the near future, with the conversation likely to follow Trump's meeting with Zelensky at the NATO summit Wednesday. Kremlin spokesman Dmitry Peskov confirmed the expected follow-up contact and said Trump holds a consistent position on the Ukraine conflict. The sequencing — Zelensky first, then Putin — mirrors the shuttle-diplomacy structure the US has employed in previous ceasefire efforts and will be closely watched by markets sensitive to energy prices and European
security.</p></div><div style="padding:8px 0 0;text-align:left;"><a href="https://www.ne16.com/t/10952827/226878389/10115472/0/1009503/?x=361e911a"; style="color: #1a2d47; text-decoration: none; font-weight: 600; font-size: 14px;">Read more at Reuters ›</a></div></td></tr>
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<tr><td style="padding:28px 24px 12px;"><div style="font-size:14px;letter-spacing:0px;font-weight:700;color:#1a2d47;border-bottom:2px solid #0b1f3a;padding-bottom:6px;">Markets & the Economy</div></td></tr>
<tr><td style="padding:12px 24px 12px;"><h3 style="margin:0 0 8px;font-family:Helvetica, Arial, sans-serif;font-size:24px;line-height:1.3;color:#0b1f3a;text-align:left;"><a href="https://www.ne16.com/t/10952827/226878389/10115473/0/1009503/?x=afa1cbbd"; style="color: #0b1f3a; text-decoration: none;">Trump rings NYSE bell to promote Trump accounts, but stock gains aren't reaching most voters</a></h3><div style="font-size:17px;line-height:1.6;color:#1a1a1a;text-align:left;"><p style="margin:0;">Trump appeared at the New
York Stock Exchange Monday to ring the opening bell in support of Trump Accounts, investment vehicles created under the Republicans' 2025 tax and spending legislation that give children born between 2025 and 2028 a $1,000 federal deposit into a stock-index account. Treasury Secretary Scott Bessent has acknowledged that 38 percent of American adults hold no stocks, meaning the market's gains — the S&P 500 rose 17.9 percent in 2025 — bypass a large portion of the electorate. Only 33 percent of US adults approved of Trump's economic leadership
in a June AP-NORC survey, suggesting that tying presidential identity to equity performance carries real political risk when broader cost-of-living pressures persist.</p></div><div style="padding:8px 0 0;text-align:left;"><a href="https://www.ne16.com/t/10952827/226878389/10115473/0/1009503/?x=afa1cbbd"; style="color: #1a2d47; text-decoration: none; font-weight: 600; font-size: 14px;">Read more at The Boston Globe ›</a></div></td></tr>
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<tr><td style="padding:12px 24px 12px;"><h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#0b1f3a;text-align:left;"><a href="https://www.ne16.com/t/10952827/226878389/10115474/0/1009503/?x=f99647ad"; style="color: #0b1f3a; text-decoration: none;">Traders may be misreading the Fed as rate-cut hopes fade</a></h4><div style="font-size:16px;line-height:1.6;color:#1a1a1a;text-align:left;"><p style="margin:0;">Interest rate expectations have shifted sharply this year, moving from anticipated cuts to forecasts of additional hikes. A
softer-than-expected jobs report tempered some of those hawkish expectations, but Laura Cooper of Nuveen told Reuters that a resilient labor market still supports the Federal Reserve's focus on inflation, keeping rate cuts off the near-term table. For equity and fixed-income investors who priced in an easing cycle, the recalibration carries real portfolio implications heading into the second half of the year.</p></div><div style="padding:8px 0 0;text-align:left;"><a href="https://www.ne16.com/t/10952827/226878389/10115474/0/1009503/?x=f99647ad";
style="color: #1a2d47; text-decoration: none; font-weight: 600; font-size: 14px;">Read more at Reuters ›</a></div></td></tr>
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<tr><td style="padding:12px 24px 12px;"><h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#0b1f3a;text-align:left;"><a href="https://www.ne16.com/t/10952827/226878389/10115475/0/1009503/?x=d587617b"; style="color: #0b1f3a; text-decoration: none;">Trump floats Australia-style mandatory retirement savings accounts for adults</a></h4><div style="font-size:16px;line-height:1.6;color:#1a1a1a;text-align:left;"><p style="margin:0;">President Trump said Monday his administration is developing a plan to create
adult retirement savings accounts modeled on Australia's superannuation system, which requires employers to contribute 12 percent of workers' pay into retirement funds. Trump described the idea as something for grown-ups, distinct from the child-focused Trump Accounts, and said the administration would work with Congress on implementation. If pursued, a mandatory employer-contribution framework would represent a significant structural change to US retirement policy and a major cost consideration for American businesses.</p></div><div
style="padding:8px 0 0;text-align:left;"><a href="https://www.ne16.com/t/10952827/226878389/10115475/0/1009503/?x=d587617b"; style="color: #1a2d47; text-decoration: none; font-weight: 600; font-size: 14px;">Read more at The Hill ›</a></div></td></tr>
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