Situation Reports

The United States reached a trade deal with Vietnam that will see Washington lower its proposed 46% tariff rate on Vietnamese goods to 20% in exchange for Vietnam cutting tariffs on U.S. goods to zero, U.S. President Donald Trump announced in a July 2 post on Truth Social.

Mexico's Senate approved a package of security bills on June 30 and July 1 intended to bolster the government's ability to combat organized crime groups, El Pais reported on July 1.

Chile's National Congress approved in a 93-27 vote a bill to expedite permitting processes for investment projects in the country, Reuters reported on July 1.

Costa Rica's Supreme Court voted 15-7 to request that the Legislative Assembly revoke President Rodrigo Chaves' legal immunity amid an ongoing collusion investigation, El Pais reported on July 1.

Fijian Prime Minister Sitiveni Rabuka said a Chinese military base in the Pacific islands region would not be welcome and that he would introduce a proposed multilateral pact dubbed the Ocean of Peace treaty at the upcoming Pacific Islands Forum, or PIF, summit in September, The Australian Financial Review reported July 2.

The Indian government dispatched a team of geologists to explore cobalt and copper deposits across a 9,000 square kilometer (3,475 square mile) area allocated by the Zambian government, Reuters reported on July 2.

Iran's President Masoud Pezeshkian enacted a law suspending Iran's cooperation with the International Atomic Energy Agency, Iranian state media reported on July 2.

Hamas rejected a U.S. proposal for a 60-day ceasefire in Gaza, saying it wanted a "complete end to the war" with Israel, The Times of Israel reported on July 2.

A U.S. judge ordered Argentina to give up its 51% stake in oil and gas company YPF as a partial payment in a $16.1 billion trial, La Nacion reported June 30.

The U.S. Department of Justice announced on June 30 two indictments, an arrest and the seizure of hundreds of financial accounts, fraudulent websites and laptops linked to North Korea’s fraudulent IT worker schemes at U.S. companies.