United States

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Environment, Science & Technology

Politics

Following the conclusion of the long-anticipated "crypto week," the U.S. House of Representatives celebrated a major legislative victory on July 17 with the passage of the GENIUS Act, which U.S. President Donald Trump is expected to sign into law by July 18, CBS News reported the same day.

U.S.: 'Crypto Week' Wraps Up With One Major Legislative Victory, Other Bills Go to Senate

Europe

Russia

Energy

EU member states approved the bloc's 18th sanctions package against Russia, introducing a revised dynamic oil price cap, expanded banking restrictions, sanctions on the Nord Stream gas pipelines and curbs on imports of oil products refined from Russian crude, Reuters reported on July 17.

EU, Russia: EU Approves 18th Sanctions Package Against Russia

China

U.S. bank Wells Fargo temporarily suspended all corporate travel to China after a company executive was hit with an exit ban, Reuters reported on July 18.

China, U.S.: Wells Fargo Suspends China Travel After Executive Hit With Exit Ban

U.S.-China Relations

The European Union is offering the United States a tit-for-tat tariff reduction on vehicles that would see the United States reduce its 25% tariff on European cars to 17.5% in exchange for the European Union reducing its tariffs on U.S. cars to 0%, the Financial Times reported on July 17.

U.S., EU: Brussels To Propose Tit-for-Tat Tariff Reduction on Auto Sector

Brazil

Brazil's Supreme Court required former President Jair Bolsonaro to wear an ankle monitor and prohibited him from using social media, speaking to other individuals under investigation for an alleged 2022 coup plot, contacting diplomats, and going near embassies, g1 reported on July 18.

Brazil, U.S.: Restrictions on Bolsonaro To Further Sour U.S.-Brazil Relations, Fuel Unrest Risks

Georgia

Georgian Prime Minister Irakli Kobakhidze dismissed a request by the European Union to implement institutional reforms and said that "If it comes down to peace and stability or visa-free travel [with the EU], we will certainly prioritize peace and stability," JAMnews reported on July 17.

Georgia: Government Rejects EU Calls for Institutional Reforms, Accuses Brussels of Blackmail

Indonesia

Thailand

Vietnam

Facing a 36% U.S. tariff threat, Thailand proposed eliminating tariffs and nontariff barriers on 90% of U.S. goods -- up from 60% -- in a last-ditch bid to reach a deal before U.S. President Donald Trump's Aug. 1 deadline, Bloomberg reported on July 17.

Thailand, U.S.: Following Other Deals, Bangkok Races To Beat Tariff Clock

The European Commission unveiled a proposal for a 1.98 trillion euro ($2.31 trillion) EU budget for 2028-34 on July 16, a press release shows.

EU: European Commission Proposes Larger, Reformed EU Multi-Year Budget

The world is connected, but even the broadest topics deserve an individual look. Below are our latest and most relevant economics analyses.

Below are our latest and most relevant economics analyses.

Sub-Saharan Africa

Americas

Asia-Pacific

Eurasia

Middle East and North Africa

South Asia

Beyond Quantitative Easing

The New Silk Road

The Fate of the Eurozone

South America: Split Decisions on Trade

Banking

Commodities: A Cautionary Tale

Social Issues

European Disintegration

Russia's Internal Struggle

China in Transition

A Japanese Awakening

East African Integration

Assessments

South Africa

Japan

Philippines

 The European Union and China will hold a high-level leaders' summit July 24 in Beijing, marking the 50th anniversary of Chinese-EU diplomatic relations.

Military & Security

A look at what the coming week will bring -- and a list of recommended RANE articles from the week that was.

The Weekly Rundown: An EU-China Summit, South Africa's Budget Vote

Euro banknotes lie atop U.S. dollar banknotes.

Global Trade

The dollar's depreciation against the euro will likely persist due to U.S. trade and fiscal policy uncertainty, which will hurt European exports but also reduce the risk of destabilizing U.S. financial policies.

Making Sense of Dollar Weakness and Euro Strength

Snapshots

Containers are unloaded from a ship at a terminal of Tanjung Priok Port, the main seaport in Jakarta, Indonesia, on Jan. 24, 2025. 

In exchange for a lower U.S. tariff rate, Indonesia accepted significant concessions, including purchasing commitments and regulatory changes, that risk limiting its long-term autonomy and industrial policy goals.

To Avoid Steeper Tariffs, Indonesia Reaches High-Stakes Trade Deal With the U.S.

Kenya

A demonstrator holds a Kenyan flag on a street in Nairobi, Kenya, during a pro-democracy protest on July 7, 2025. 

Growing anger over Ruto's economic policies and crackdown on dissent will hinder his efforts to reduce Kenya's fiscal deficit and portend recurring bouts of violent and disruptive protests.

No End in Sight to Kenya's Cycle of Deadly Protests

Bangladesh

The entrance to the International Monetary Fund headquarters is seen in Washington, D.C.

While Bangladesh is making progress in its IMF program, risks persist, including political uncertainty, low foreign exchange reserves and high U.S. tariffs on its vital garment sector.

Bangladesh's Economic Outlook: Progress and Persistent Challenges

Columns

On Geopolitics

U.S. President Donald Trump arrives to speak during a rally at a steel plant in West Mifflin, Pennsylvania, on May 30, 2025. 

For the rest of his term, Trump will continue to use tariffs to secure foreign policy concessions on both trade and non-trade matters, even if he starts shifting away from broad, global tariff threats to ones focused on specific countries or goods. 

A Look at Trump's Evolving Tariff Strategy

Leaders of eight political parties pose before a debate at the Japan National Press Club on July 2, 2025, in Tokyo, Japan. From left to right are Sanseito Secretary General Sohei Kamiya, Japanese Communist Party Chairperson Tomoko Tamura, Komeito Chief Representative Tetsuo Saito, Constitutional Democratic Party President Yoshihiko Noda, Japan's Prime Minister and Liberal Democratic Party President Shigeru Ishiba, Governor of Osaka and Japan Innovation Party Co-Representative Hirofumi Yoshimura, Democratic Party for the People Representative Yuichiro Tamaki and Reiwa Shinsengumi President Taro Yamamoto.

Japan's upper house elections will determine whether the ruling Liberal Democratic Party will stay in power and -- if so -- how easily it will be able to pursue its key policy goals.

Japan's Election: Potential Outcomes and Their Implications

Lithuania

Germany

Poland

A newly installed sign pointing to Schengen transfer flights is pictured next to EU and Romanian flags on March 31, 2024. 

Poland's move to reimpose border checks to curb irregular migration from Germany and Lithuania highlights a greater trend that risks entrenching uncertainty for businesses and travelers in the EU's passport-free area.

New Polish Border Controls Bring Europe's Schengen Area Back Into Question

President Donald Trump bangs a gavel after signing a bill into law extending his 2017 tax cuts on July 4 in Washington.

The measure will prevent a sharp increase in income taxes that would shock the economy, but add to the already high U.S. government debt burden.

The Consequences of Extending Trump's 2017 Tax Cuts

Bahrain

Kuwait

Oman

Qatar

Saudi Arabia

United Arab Emirates

Over the next decade, Gulf Arab states will increase oil and gas exports to emerging Asian markets, seeking alternatives to the U.S. amid tariff uncertainty. But the region's military and tech ties with the U.S. will remain strong.

Geopolitics of Trade: Gulf Arab States Balance Diversification With Enduring U.S. Ties

Vietnam's Foreign Ministry spokesperson Pham Thu Hang answers reporters' questions about the new Vietnam-U.S. trade deal during a press conference in Hanoi on July 3, 2025. 

The deal reduces planned U.S. tariffs on Vietnamese goods from 46% to 20%, but the lack of key details also introduces significant compliance uncertainty and investment risks that could ripple across Asian supply chains. 

The Vietnam-U.S. Trade Deal Reduces Tariffs, but the Devil Is in the Details

Cambodia

Thai Prime Minister Paetongtarn Shinawatra (center) speaks next to Deputy Prime Minister Phumtham Wechayachai (2nd from left) during a press conference in Bangkok following her suspension by the country's Constitutional Court on July 1, 2025. 

Paetongtarn's suspension from office over a leaked phone call with Cambodia's former leader risks collapsing her fragile government and inviting more economic disruption amid U.S. trade tensions.

A Fresh Political Crisis Erupts in Thailand Following Prime Minister's Suspension

Economics

SITUATION REPORTS

U.S.: 'Crypto Week' Wraps Up With One Major Legislative Victory, Other Bills Go to Senate

EU, Russia: EU Approves 18th Sanctions Package Against Russia

China, U.S.: Wells Fargo Suspends China Travel After Executive Hit With Exit Ban

U.S., EU: Brussels To Propose Tit-for-Tat Tariff Reduction on Auto Sector

Brazil, U.S.: Restrictions on Bolsonaro To Further Sour U.S.-Brazil Relations, Fuel Unrest Risks

Georgia: Government Rejects EU Calls for Institutional Reforms, Accuses Brussels of Blackmail

Thailand, U.S.: Following Other Deals, Bangkok Races To Beat Tariff Clock

EU: European Commission Proposes Larger, Reformed EU Multi-Year Budget

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