July 28. Donald Trump has reached a trade agreement with the European Union, which envisions reduced tariffs and major mutual investments. The EU will purchase $750 billion worth of American energy and invest $600 billion into the US economy, while also acquiring military equipment. The deal means the EU will import less energy from Russia, potentially reducing Russian revenues.
Ukraine is receiving thousands of AI-equipped interceptor drone components from Auterion, under a Pentagon contract. By the end of 2024, Ukraine is expected to get 33,000 strike drone systems. Meanwhile, Russia conducted another massive drone and missile attack: 324 drones and 7 missiles targeted Ukraine overnight, with most intercepted by Ukraine’s air defenses.
France confirmed continued support for Ukraine and increased pressure on Russia. President Macron, after talks with Zelensky, stressed the importance of both military and anti-corruption cooperation. Meanwhile, companies like Renault will expand joint drone production in Ukraine.
The US-EU deal brings greater stability to transatlantic trade, reduces automobile tariffs, and lowers the risk of economic conflict, particularly benefiting Germany. Oil prices have also stabilized.
The Pentagon is considering reducing its military presence in Europe. Germany, hosting key US bases, is especially concerned. The US is reassessing military strategy, given developments in Asia and the Middle East.
Future moves concerning the Gaza Strip, Iran, and international alliances are being discussed. US leaders call for decisive action in Gaza. Trump remains firm on Iran’s nuclear program. Additionally, Trump found himself in a social media scandal over a golfing incident in Scotland.
