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Switzerland Scrambles to Avoid Tariffs; Netanyahu to Propose Full Gaza Reoccupation; Europe Delays Retaliatory Tariffs

August 6, 202

Good Morning,

Switzerland's president made an urgent trip to Washington seeking to avoid punitive U.S. tariffs, while Korea secured a last-minute tariff deal with the U.S. though challenges remain ahead. The EU extended its suspension of retaliatory tariffs against America by six months. Meanwhile, security crises deepen across multiple regions: Colombian mercenaries have been spotted operating in Sudan's ongoing conflict, Israeli media reports suggest Netanyahu plans full reoccupation of Gaza, and violence against officials continues in Mexico where a prosecutor was killed in a filmed drive-by shooting.

Palestinians walk past the rubble of houses and buildings destroyed during the war, following a ceasefire between Israel and Hamas, in Rafah in the southern Gaza Strip, January 20. Photo - REUTERS/Hatem Khaled

Top Stories

  • President of wealthy Switzerland rushes to Washington to try to avert steep US tariffs - Associated Press

  • Colombian mercenaries seen in Sudan - France24

  • Netanyahu to propose full reoccupation of Gaza, Israeli media report - BBC

  • Korea, US strike last-minute tariff deal, but tough talks lie ahead - Korea Herald

  • EU Commission to suspend retaliation against US tariffs by another six months - Euro News

  • Mexican prosecutor killed in drive-by shooting caught on film - CNN

United States

  • Bolsonaro House Arrest Casts Shadow Over Brazil-U.S. Trade Talks - New York Times

  • President of wealthy Switzerland rushes to Washington to try to avert steep US tariffs - Associated Press

  • India calls out EU and U.S. on trade with Russia after Trump threatens steeper tariffs on New Delhi - CNBC

  • US demands $15,000 deposit for visa applicants from two African countries - BBC

  • Home prices are dropping in some regions of the U.S. Here's where. - CBS

Africa

  • US demands $15,000 deposit for visa applicants from two African countries - BBC

  • 3 African nations have agreed to take deportees from the US. What we know about the secretive deals - Associated Press

  • South African rand flat as tariff concerns weigh - Reuters

  • Trump’s Africa deal: Peace plan or power grab? - Al Jazeera

  • Colombian mercenaries seen in Sudan - France24

Middle East

  • Gaza, Lebanon and Yemen have exposed the cracks in the Arab facade - Middle East Eye

  • Trump pushing an 'all or nothing' Israel-Hamas ceasefire deal, special envoy says - NBC

  • No cash to spare: Reconstructing Iran after Israel war could cost $500 b., Mideast expert says - Jerusalem Post

  • Netanyahu to propose full reoccupation of Gaza, Israeli media report - BBC

  • Israel says it will allow controlled entry of goods into Gaza via merchants - Reuters

Indo-Pacific

  • India calls out EU and U.S. on trade with Russia after Trump threatens steeper tariffs on New Delhi - CNBC

  • China’s central government has ‘final word’ on Dalai Lama reincarnation: official - Asia News Network

  • How a New Asia Alliance Is Challenging China - Bloomberg

  • Korea, US strike last-minute tariff deal, but tough talks lie ahead - Korea Herald

  • Far-right German lawmaker’s ex-aide on trial for spying for China - HKFP

Europe

  • President of wealthy Switzerland rushes to Washington to try to avert steep US tariffs - Associated Press 

  • India calls out EU and U.S. on trade with Russia after Trump threatens steeper tariffs on New Delhi - CNBC

  • Far-right German lawmaker’s ex-aide on trial for spying for China - HKFP

  • EU Commission to suspend retaliation against US tariffs by another six months - Euro News

  • Wildfire in southern France injures two, burns 8,000 hectares - France24

Latin America

  • Bolsonaro House Arrest Casts Shadow Over Brazil-U.S. Trade Talks - New York Times

  • Colombian mercenaries seen in Sudan - France24

  • 32 bodies found in clandestine graves in central Mexico - ABC

  • Mexican prosecutor killed in drive-by shooting caught on film - CNN

  • Brazil's economy ready to ride out Trump's 50% tariff - Reuters

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