US Sets 10%-12.5% Tariff For Many Nations Citing Forced Labor; Tariffs Begin As Prior 10% Global Duty Expires

Trump to Israel's Channel 12 News: I am considering a massive attack. Larger than anything that has been done before. I am close to making a decision. President Trump told Axios on Thursday that he is seriously considering restarting major combat operations in Iran including strikes that would be bigger than the ones carried out during "Operation Epic Fury." Why it matters: In a brief interview, Trump acknowledged that such a decision would have consequences and stressed he hasn't made a determination yet. Trump didn't give a deadline for his decision. Two other U.S. officials confirmed no call has been made and no new orders have been given to the military. Trump Tells Axios That Iran Is Not Ready To Make A Deal.

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Japan finance minister Katayama: prepared to take decisive steps on forex Japanese Finance Minister Katayama noted that the U.S. Treasury's forex report highlighted the bilateral statement affirming that excessive foreign exchange fluctuations are undesirable. Japan Finmin Katayama: Japan and U.S. maintain round-the-clock communication