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Cheatsheet on how Trump could sidestep the US court ruling and implement tariffs – MUFG

China reaffirms having maintained communications with US since Geneva talks

Japan prime minister Ishiba reportedly arranging a call with Trump for later tonight

What are the main events for today?

European indices hold higher to start the day

Japan trade negotiator Akazawa says want to meet with Bessent for ministerial talks

Japan finance minister says agreed with Bessent that exchange rate should be set by market

Heads up: Some markets in Europe are closed for a bank holiday today

Eurostoxx futures +1.1% in early European trading

Dollar holds higher as US court strikes down Trump’s tariffs

Trump appears unlikely to back down, says he is on a “Mission from God”

USD/JPY has steadied after its earlier leap above 146.20