US News
LAST UPDATE: June 17, 2025
Trump expected to sign proclamation finalizing US‑UK trade deal, sources say
Sources indicate President Trump will soon sign a proclamation to finalize the US–UK trade deal agreed during the G7 summit. The deal maintains a 10% tariff on up to 100,000 UK cars annually and includes aerospace sector provisions.
Insight
Finalizing the pact under Trump signals a push to cement transatlantic economic ties before changes in US leadership. While symbolic, certain unresolved issues, like broader manufacturing tariffs, may require future negotiations.
Foreign Demand for Treasuries Is Showing ‘Cracks,’ BofA Says
Bank of America analysts report weakening foreign appetite for US Treasury securities, citing lower bid from central banks and global investors amid rising yields and shifting geopolitical factors.
Insight
This trend could pressure US borrowing costs, forcing reassessment of fiscal strategy. Reduced overseas demand might compel the Treasury to offer higher yields or tap domestic capital more aggressively.
Trump Orders ICE to Expand Deportations in Largest Cities Including New York and Chicago
President Trump issued an executive order directing ICE to ramp up deportation efforts in major U.S. cities like New York, Chicago, Los Angeles, and others by increasing arrests and enforcement operations.
Insight
The action aligns with Trump’s hard-line stance on immigration ahead of potential 2024 campaign, but it’s likely to face legal resistance from cities with sanctuary policies and could heighten community tensions.
Many Exporters No Longer Want Dollars, US Bank Executive Says
Executives at a major U.S. bank have observed a shift: global exporters are reducing reliance on the dollar, increasingly invoicing and trading in euros, yuan, and other currencies to avoid dollar volatility and U.S. sanctions.
Insight
This trend suggests a gradual erosion of dollar dominance in global trade, posing long-term challenges for U.S. currency hegemony and potentially accelerating the shift to a multipolar financial system.
American Bar Association sues to block Trump’s attacks on law firms
The ABA filed a lawsuit against President Trump over his public threats targeting law firms representing clients in lawsuits against him, arguing these remarks violate free expression and undermine legal integrity.
Insight
This legal action highlights concerns about executive interference in the justice system. It may set a precedent reinforcing the independence of law firms and protecting legal advocacy from political intimidation.
