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.

Just in | Australia's Trade Minister pledges to continue advocating for the elimination of all tariffs with U.S. trade officials. Just in | Australia's Trade Minister Criticizes US Tariffs as Unjustified

ECB's President Lagarde: Post-MoU drop in Brent crude was quicker than anticipated ECB's President Lagarde, on risk assessment: We're back to June settings MORE ECB'S LAGARDE: TODAY'S DECISION WAS UNANIMOUS BUT 'SOME GOVERNORS ASKED THEMSELVES WHETHER THERE SHOULD BE A HIKE' #europeancentralbank #ecb #monetarypolicy #interestrates #inflation #energypriceshock #eurozone #christinelagarde ECB's President Lagarde: We are positioned adequately to wait. MORE ECB'S LAGARDE: WE WILL SEE LARGE AMOUNTS OF DATA BEFORE THE SEPT MEETING, INCLUDING TWO INFLATION REPORTS AND ONE GDP ESTIMATE #europeancentralbank #ecb #monetarypolicy #interestrates #inflation #energypriceshock #eurozone #christinelagarde