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The Lead The administration of US President Donald Trump has proposed new tariffs of up to 12.5 percent on imports from 60 economies after determining they had failed to curb trade in goods made with forced labour. Forced Labour Concerns The proposal from the Office of the United States Trade Representative (USTR), issued late on Tuesday, comes from a Section 301 unfair trade practices investigation designed to help rebuild US President Donald Trump’s emergency tariffs, struck down by a US Supreme Court decision in February. Economic Impact The USTR proposed 10 percent additional duties on imports from Canada, Ecuador, the European Union, Indonesia, Mexico, Pakistan, Argentina, Bangladesh, Cambodia, El Salvador, Guatemala, Malaysia, Taiwan and Britain. The USTR said all had plans or partial schemes in place. 10% additional duties on imports from 14 countries and regions 12.5% additional duties on imports from 45 countries Global Trade Implications Despite laws banning them, the products of forced labour are deeply embedded in supply chains across the world. European lawmakers bristle at the accusation that the region is less effective than the US at curbing the trade in such goods, with one describing the US findings as “utterly absurd”. Business leaders said the US move created more confusion for companies. Future Outlook The USTR said it would accept public comments on the proposed tariffs and other remedies through July 6, with a public hearing scheduled for July 7. The announcement comes ahead of the July 24 expiration of a 10 percent temporary tariff imposed by the Trump administration on February 20.

The Energy Imbalance Iran is facing more energy constraints as its summer season begins, with the widespread use of air conditioning and other needs during hotter months contributing to an imbalance between supply and consumption. Government's Limited Options For decades, successive Iranian governments have kept utility bills well below supply costs for households and offices through a mix of implicit oil-and-gas subsidies, administered tariffs, state-controlled pricing, and sometimes direct financial support. However, the negative impacts of the war with Israel and the United States on the economy mean the government has fewer tools at its disposal to deal with an energy crisis this summer. Data Analysis Despite having the world's third-largest proven crude oil reserves, Iran will have to import fuel again as demand outpaces refinery output. The administration's attempts to tackle the subsidies burden due to a mounting budget crunch have resulted in only limited increases in petrol through a complex three-tiered pricing system. Most users of Iranian-made vehicles have access to 60 litres (15.85 US gallons) per month of subsidised petrol at 15,000 rials (0.8 cents) and another 100 litres (26.42 gallons) at 1.6 cents. Any use over tier 1 and tier 2 is priced at 50,000 rials (around 1.4 cents) and Iranians are allowed a maximum of 30 litres of fuel per day under any of these prices schemes. Impact Analysis The Iranian government is running similar schemes for natural gas, electricity and urban water, with fears of social unrest making them averse to any sudden price hikes. There appears to be little the government can do to bridge the divide between lower energy production and growing demand for subsidised fuel, illustrated by the perpetual queues at petrol stations since the start of the war. Prediction The situation has worsened during the war, with strikes on Iranian energy facilities seeing Iran's gasoline production capacity drop marginally from 115 million litres (30.37 million gallons) per day to 110 million litres (29.06 million gallons). Meanwhile, consumption has jumped from 10 million litres (2.64 million litres) in 2025 to 140 million litres this year (36.98 million litres). US President Donald Trump's threats of more strikes on power plants have heightened fears of further blackouts and gas shortages this summer, meaning the energy crisis is likely to continue in the coming months.

The Presidential Pitch United States President Donald Trump has sought to reassure farmers hard-hit by tariffs and the economic fallout of the US-Israeli war with Iran during a visit to Wisconsin. Farmers Hit by Tariffs and High Prices The stop in Chippewa Falls on Friday for a farming roundtable comes months before the midterm elections in November. Trump was seeking to bolster support for Republican US Representative Derrick Van Orden, who has been targeted by Democrats hoping to take control of the chamber. Farmers have been particularly hard-hit by Trump's aggressive tariff policies, with many countries limiting imports of US products, notably soybeans, in response. The tariffs have also made importing items needed for daily operations more expensive. Economic Challenges Facing Farmers The administration has sought to offset the fallout with temporary aid packages for farmers. An April survey by the American Farm Bureau Federation found that 70 percent of farmers in the US reported they cannot afford all of their fertiliser needs. The average gas price of $4.04 per gallon of petrol this week was also $1.08 higher than a year ago, according to the American Automobile Association. The Impact on Midterm Elections Democrats are considered favourites to take control of the US House of Representatives, currently controlled by Republicans, in the midterms. Success for Democrats would allow the party to seriously restrict Trump's agenda in the final two years of his term. The Future Outlook Trump assured those gathered that the administration had 'largely finished' the war 'one way or the other'. He vowed fertiliser and gas prices would come 'way down'.

The European Power Shift in MallorcaEuropean champions England suffered an utterly humiliating 4-0 defeat to World Cup holders Spain in Mallorca, a result that likely condemns them to World Cup qualifying playoffs. Spain's emphatic victory, with talismanic Alexia Putellas scoring two goals, means they just need to beat Iceland on Tuesday to secure top spot in Group A3 at England's expense.Tactical Domination and Technical MasterySonia Bermúdez's team didn't just beat England, they annihilated them, dominating possession with over 61% of the ball across the 90 minutes. Spain ensured England stayed camped in their own half, accruing 39 touches in the opposition box to England's paltry seven. The technical superiority was evident from the first minute, with Spain's players showing greater sharpness despite both teams being in a post-season position.Statistical Breakdown of a One-Sided AffairSpain dominated possession with 61% to England's 39%Spain had 39 touches in England's box compared to England's 7Putellas' two goals came from 36 and 78 minutesSpain's Patri Guijarro opened the scoring with a 25-yard strikeSubstitute Clàudia Pina sealed the victory with Spain's fourth goalConsequences for European Football's HierarchyThis result represents a significant shift in the women's football landscape. England, who had been unbeaten in qualifying and defeated Spain in the Euro 2025 final, looked like a shadow of their former selves. The defeat exposes vulnerabilities in Sarina Wiegman's side that will need addressing before the World Cup. For Spain, this victory reinforces their status as world champions and demonstrates their continued development under coach Sonia Bermúdez.Path to World Cup: Playoffs Await EnglandWith only captain Leah Williamson missing through injury, England faces an intense post-mortem following this difficult defeat. Their path to the World Cup now likely requires navigating through playoffs, a significant challenge given their current form. Spain, meanwhile, will approach their final qualifier against Iceland with confidence knowing top spot is within their grasp. The result serves as a warning to other teams that Spain's championship-winning form shows no signs of diminishing.

The Dual Narrative of Economic and Diplomatic MomentumOn June 5, 2026, former President Donald Trump presented a dual narrative of strength, simultaneously highlighting a significant surge in employment and expressing optimism regarding ongoing diplomatic negotiations with Iran.Assessing the Economic MomentumThe focus on a "jobs surge" suggests a strengthening labor market, a critical metric for political capital. This economic indicator typically serves as a primary pillar for domestic policy validation.The Diplomatic Front with TehranSimultaneously, the administration’s approach to Iran has shifted toward engagement. By characterizing the talks as "going well," Trump signals a potential pivot from previous confrontational stances toward a more negotiated resolution.Strategic Implications for the 2026 Election CycleThe convergence of strong economic data and successful foreign policy outreach creates a favorable environment for political positioning. This combination allows for a unified message of competence across both domestic and international fronts.Outlook: Stability or Volatility?While the current trajectory points toward stability, the success of the Iran talks remains a volatile variable. The coming weeks will determine if the diplomatic momentum translates into concrete agreements.

Cobolli's Unexpected Path to the Final Italy's Flavio Cobolli said he was 'sad and happy at the same time' after reaching his first Grand Slam final at the French Open on Friday, following the last-minute withdrawal due to illness of his last-four opponent and compatriot Matteo Arnaldi. Arnaldi's Sudden Withdrawal Just more than 20 minutes before Cobolli and Arnaldi were due to take to Court Philippe Chatrier, tournament organisers announced that the 104th-ranked Italian had been forced to pull out with a 'virus'. Arnaldi had spent the most amount of time on court for a player en route to a Grand Slam semifinal. He began to feel unwell during the night after practice on Thursday, experiencing stomach issues and vomiting. Cobolli's Reaction and Tribute Cobolli paid tribute to a tearful Arnaldi, calling him 'a big inspiration for all of us' and 'an amazing player and amazing professional'. Cobolli will meet Alexander Zverev in Sunday's final, which will produce a new major champion, after the German second seed earlier moved past Jakub Mensik in the other semi-final. The Road Ahead Cobolli, the 24-year-old 10th seed, will go into the weekend's final with plenty of rest after his quarterfinal victory over Canadian fourth seed Felix Auger-Aliassime on Wednesday. 'Maybe having almost four days off is a lot, so you lose the rhythm,' he said. 'Now, I got practice again. I think I will be ready, for sure, for the final, but I also know that I will be fresh, for sure.'

Israeli military operations in Gaza have intensified this Friday, with drone strikes killing civilians and injuring dozens, even as a ceasefire technically remains in place. Palestinian factions are traveling to Cairo to discuss the future of the enclave, highlighting the fragile and contested nature of the truce. Intensified Israeli Drone Strikes Defy Ceasefire Terms On Friday morning an Israeli drone struck the southern Khan Younis area, killing a young woman and wounding at least 15 people, according to the Palestinian Wafa news agency. Later the same day another strike near Gaza City injured a child. The attacks follow Thursday’s raid that killed at least 11 Palestinians, including five members of the same family. Casualty Toll Since Ceasefire: Numbers Reveal Growing Human Cost 947 people killed 2,935 injured Deaths and injuries have risen steadily since the ceasefire was declared in October. Humanitarian and Political Fallout of Ongoing Bombardment The continued strikes have kept crossing points closed, hampering medical evacuations and aid deliveries. Residents describe a “pervasive state of fear and panic,” with repeated incidents causing displacement and trauma. Politically, the ceasefire’s second phase—Hamas disarmament and Israeli withdrawal—remains stalled, prompting Hamas officials to travel to Cairo for talks on how to enforce the first phase and halt further attacks. Prospects for a Sustainable Ceasefire and Regional Talks Hamas representatives are meeting Egyptian mediators this weekend to “finalise the implementation” of the first phase and discuss mechanisms to prevent further Israeli strikes. International observers warn that without a credible enforcement mechanism, the truce could collapse, leading to renewed large‑scale hostilities. The coming days will test whether diplomatic engagement can translate into a tangible reduction in violence.

France has opened a preliminary investigation into alleged torture and war crimes tied to the treatment of French activists aboard the Global Sumud Flotilla by Israel. The probe follows a referral from the French foreign ministry and comes amid growing international criticism of Israel’s handling of the May 18 interception.Investigation Targets Alleged Torture and War CrimesThe national counter‑terrorism prosecutor’s office (PNAT) is examining claims that activists were subjected to physical violence, sexual humiliation, and prolonged stress positions during detention. Lawyers for the activists intend to file separate complaints alleging rape, torture, and humiliation.Numbers Highlight Scale of Detention and Allegations~430 activists from about 40 countries intercepted on May 18.More than 30 French participants; eight returned to France on May 22, two remain hospitalized in Turkey.At least 15 documented cases of sexual abuse reported by the flotilla.Legal and Diplomatic Ripples Across Europe and BeyondThe investigation adds to a wave of European actions: France banned far‑right Israeli minister Itamar Ben‑Gvir from entry and summoned Israel’s ambassador. Similar condemnations have emerged from Canada and Australia, intensifying scrutiny of Israel’s blockade policy.Potential Outcomes and Future Legal PrecedentsIf the probe substantiates the allegations, France could pursue war‑crimes charges, setting a precedent for European states to hold foreign actors accountable for treatment of activists. The case may also pressure Israel to reassess its enforcement tactics in the Gaza blockade and could trigger further international legal challenges.

The Final Countdown for Startup Battlefield 200 Applications Founders, your window to enter Startup Battlefield 200 is rapidly closing. Applications officially close in just three short days on June 8, 11:59 p.m. PT. This is a final call to secure your shot at competing on the Disrupt Stage at TechCrunch Disrupt 2026 this October at San Francisco’s Moscone West. The Opportunity of a Lifetime for Early-Stage Startups Startup Battlefield 200 is where ambitious early-stage startups go from unknown to impossible to ignore. Selected founders will take the spotlight at Disrupt, pitching live in front of top investors, influential media, and the global startup ecosystem. One startup will take home $100,000 in equity-free funding, but every selected company gains exposure that can accelerate growth, attract customers, and open doors to future fundraising opportunities. A Track Record of Success Over the years, Startup Battlefield alumni have collectively raised more than $32 billion and achieved more than 250 exits. Alumni have gone on to be acquired by companies such as Microsoft, Google, Salesforce, Uber, and Amazon. The competition has also helped launch companies such as Dropbox, Discord, Mint, Fitbit, and Trello. What You Need to Know About the Application Process TechCrunch is looking for bold early-stage startups with a working MVP and a vision capable of disrupting an industry. Bootstrapped, pre-seed, and seed-stage startups are encouraged to apply. Select Series A startups in capital-intensive sectors may also qualify. Every application is reviewed by the TechCrunch team. The Last Chance to Apply With only three days remaining, this is your chance to put your startup in front of investors, media, customers, and future partners all in one place. Apply or nominate a startup before the deadline and earn your place among the next generation of Startup Battlefield competitors.