Japan Finance Minister Katayama: Prepared to take decisive steps on forex

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

Senior US Official Briefs: US Sets 10%-12.5% Tariff For Many Nations That Don't Ban Forced Labor, Citing Forced Labor; Tariffs Begin As Prior 10% Global Duty Expires; Exempts Oil, Gas, Fertilizer, Food Stuffs U.s. Official Says It Is Not The Case That These Measures Simply Replicate The Ieepa Tariffs Struck Down By The Supreme Court, And That The President Will Use The Tools At His Disposal, Including Tariffs, To Achieve The Outcomes He Wants. U.s. Official Says Oil And Gas, Fertilizer And Certain Foodstuffs Will Be Exempted, Along With Goods Subject To Section 232 National Security Tariffs And Usmca-compliant Goods, Given The Integrated Nature Of North American Supply Chains And High U.s. Content Levels. U.s. Official Says The New Section 301 Tariffs Take Effect At 12:01 A.m. (0401 Gmt) July 24, With An Effective Date For Goods In Transit Of 12:01 A.m. (0401 Gmt) July 28, As Section 122 Tariffs Expire On July 24.