Key Facts
• U.S. and Japan’s trade deal brings $550 billion investment to the U.S.
• U.S. Commerce Secretary calls the deal a model for EU negotiations.
• Federal Reserve Chair Powell’s successor selection is not urgent, says Treasury Secretary.
• U.S. and EU advance on 15% tariffs for most EU imports; final decision pending.
• Nintendo Switch 2 sets U.S. record with 1.6 million units sold in June.
• Vice President Vance raises $3 million for 2028 presidential campaign.
• Tesla’s Q2 earnings fall short of market expectations.
• U.S. government announces AI action plan to boost development.
• Bank of Japan watchers predict rate hike in October or January.
Summary
Key global developments include a $550 billion U.S.-Japan trade deal, potential 15% tariffs on EU imports, and Nintendo Switch 2 breaking U.S. sales records. Federal Reserve Chair Powell’s successor remains undecided, while Vice President Vance raises $3 million for a potential 2028 presidential bid. Tesla’s Q2 earnings disappoint, and the U.S. government unveils an AI action plan. Bank of Japan watchers anticipate a rate hike by early next year.
