The European Parliament’s June 16 vote gives Brussels its clearest path yet to meeting President Trump’s July 4 deadline for implementing the Turnberry trade agreement, but it does not end the transatlantic tariff risk. Lawmakers advanced EU tariff concessions on U.S. goods while preserving safeguards that would let Brussels suspend benefits if Washington breaks the deal or imposes new duties.

The White House has invoked a rarely used Defense Production Act authority to let the Pentagon coordinate directly with defense contractors and suppliers on munitions production, citing fragile supply chains, limited capacity and long-lead bottlenecks that could impair U.S. military readiness. The June 11 presidential determination authorizes voluntary industry agreements under DPA Section 708, creating a supervised antitrust safe harbor for approved efforts to expand missile and munition output.

The bill gives Congress a concrete role in turning Pillar II from a technology-sharing aspiration into an operational program. Ricketts and Kaine are trying to remove MTCR-related licensing barriers that could slow exactly the kinds of autonomous, hypersonic, guided-weapons and advanced payload work the pact is meant to accelerate.

The Senate defense bill treats economic security as military readiness, tying supply-chain controls, foreign-technology limits, allied production, FMS delays, AUKUS reforms, Indo-Pacific cooperation and nuclear threat-reduction funding into a broader strategic-competition agenda.

The Agriculture Department is accepting applications for fiscal 2027 trade-promotion programs intended to expand overseas markets for U.S. farm, fish, forest and specialty-crop products.

China remains critical to the global competitiveness of large U.S. multinationals even as tariffs, export controls, industrial policy and domestic Chinese competition weigh on their operations, the U.S.-China Business Council said in its 2026 member survey.

Record exports of petroleum, computers and aircraft helped narrow the April trade deficit, while imports of computers, semiconductors and telecommunications equipment remained strong. The figures underscore how AI and data-center investment is driving demand for imported technology equipment even as rising energy exports strengthen the U.S. trade position. The result is a trade balance increasingly shaped by energy production on the export side and AI infrastructure spending on the import side.

The bill would extend national-security screening into patent law, treating access to U.S. patent rights as another economic privilege that can be denied to Chinese military-linked or restricted entities. Supporters say the measure closes a gap that lets companies such as Huawei and ZTE monetize U.S. patents despite security restrictions. Critics warn that using patent eligibility as a sanctions tool could weaken the patent system’s neutrality and expose U.S. companies to retaliation abroad.

The House Judiciary Committee approved bipartisan legislation June 3 that would create a new Justice Department task force to investigate and prosecute trade-related crimes tied to Chinese companies, including tariff and duty evasion, violations of import and export restrictions, trade-based money laundering, smuggling and other criminal activity involving U.S. imports and exports.

The Treasury Department’s Financial Crimes Enforcement Network on Friday issued a joint advisory urging banks and other financial institutions to watch for suspicious activity tied to the employment of people not authorized to work in the United States, extending anti-money-laundering tools into an area more traditionally associated with immigration and labor enforcement.

Canada has made new, detailed trade proposals to the United States while warning that talks may still face “turbulence,” adding momentum to a Canada track that had appeared to lag behind the U.S.-Mexico USMCA review process.

Top artificial-intelligence executives and biosecurity specialists are urging Congress to require screening of synthetic DNA and RNA orders, warning that AI could lower the technical barriers to developing biological weapons.

tent.  The move is a defensive trade adjustment as well as a domestic affordability measure. Canada is trying to preserve cultural-policy support without handing USTR a fresh retaliation target before the USMCA review. The retreat does not end the streaming dispute, but it lowers the immediate risk that the CRTC’s 15 percent order becomes a flashpoint alongside autos, dairy, steel, aluminum and retaliation.

USTR is laying the groundwork for a more formal managed-trade channel with China, inviting companies to identify products that could be traded at lower tariff rates without undermining U.S. economic security, supply-chain resilience or national-security objectives. The notice signals a possible tariff off-ramp for selected non-sensitive goods, but only within a reciprocal, government-managed framework that preserves the administration’s use of tariffs as leverage against China’s non-market practices.

As Washington narrows FCPA enforcement, the OECD’s new report warns that foreign bribery risk is not receding but dispersing. Multijurisdictional resolutions—coordinated settlements among prosecutors and regulators in several countries—are becoming the dominant enforcement model, with demand-side countries increasingly seeking penalties, restitution and compliance commitments of their own.

DoD says execution of the order requires “immediate, up-to-date market intelligence” on defense articles, including private-sector production capabilities, supply-chain dependencies, product offerings and export readiness. The department describes the collection as “a strategic market research effort.” 

Australia, the United States and the United Kingdom are trying to put AUKUS back on a more executable footing, pairing a streamlined submarine acquisition plan with the first “signature” project under Pillar II: a trilateral effort to develop payloads and enabling systems for uncrewed undersea vehicles.

China’s outbound-investment rules mark an expansion of Beijing’s technology-control playbook. China is no longer only the object of foreign technology restrictions; it is preparing to act as a gatekeeper for technologies in which it has become globally competitive.

The Treasury Department should address gaps in corporate ownership information after exempting nearly all U.S.-formed companies from beneficial ownership reporting requirements, the Government Accountability Office said in a new report.

The probe converts USTR’s annual Special 301 findings into a trade-enforcement case that can support tariffs or other remedies if USTR concludes Vietnam’s IP practices are “unreasonable or discriminatory” and burden U.S. commerce—an outcome Greer framed as a test of whether Vietnam can deliver sustained, deterrent enforcement rather than periodic crackdowns.