Anutin Says Military Ties Will Not Be Used as US Trade Leverage Prime Minister Anutin Charnvirakul reiterated on Thursday that Thailand would not use military cooperation with the United States as leverage in tariff negotiations, saying trade and security talks were being conducted separately. Anutin made the remarks during talks with US Under Secretary of Defense for Policy Elbridge Colby, following the government’s rejection of a Bloomberg report that military ties, including the Cobra Gold exercises, could be used as a bargaining tool. The comments reinforced an earlier statement by chief trade negotiator Suphajee Suthumpun that military cooperation was an existing arrangement outside the tariff talks. Cobra Gold 2027 will also proceed unchanged in March under an existing six-year plan. Suphajee will lead a delegation to Washington in late August to seek lower tariffs on the remaining 28% of Thai goods still subject to US duties. Thailand says about 72% have received exemptions. No new defence agreement or specific security initiative was announced after Anutin’s meeting with Colby. #Thailand# #US# #CobraGold# #TrumpTax# #ภาษีทรัมป์#

Thai Trade Chief Says Military Cooperation Is Outside US Tariff Talks Thailand’s chief US trade negotiator, Deputy Prime Minister and Commerce Minister Suphajee Suthumpun, said military cooperation with Washington was an existing arrangement and had not been included in negotiations over US tariffs. Her comments on Thursday followed the government’s earlier rejection of a Bloomberg report that Thailand could use military ties, including the Cobra Gold exercises, as leverage in the talks. Suphajee said the negotiations focused on achieving a balanced tariff agreement. Thailand had instead highlighted its broader economic contribution to the US, including nearly US$20 billion in existing Thai investment and more than $5 billion in planned investment. Defence Ministry spokesman Rear Admiral Surasant Kongsiri separately said Cobra Gold 2027 would proceed unchanged in March under the existing six-year plan. Suphajee will lead a Thai delegation to the US in late August to seek lower tariffs on the remaining 28% of Thai goods still subject to duties. About 72% have already received exemptions, particularly agricultural and electronics products. #Thailand# #US# #CobraGold# #TrumpTax# #ภาษีทรัมป์#

Trump slapped 50% tariffs on Canadian goods to satisfy his own ego. But Trump won’t pay the price. American families will. A tariff is a tax, and families already struggling with high costs cannot afford another Trump tax.

🔥🚨 BREAKING — President Trump DOUBLES DOWN, says if the Republicans WIN the Midterms, every adult citizen gets $5,000! "LET'S CALL IT THE TRUMP DIVIDEND!" "$5,000 for every adult citizen in our country!" "We can do that because our country has never done better. We’re taking in trillions, trillions of dollars. There’s never been any country, not even close, that’s come anywhere near." "So it’s five — we win — $5,000 for every adult. We love our adults. It’s about time we take care of our adults." "And we will make all Trump tax cuts — we’re going to take those beautiful tax cuts, we’re going to make them permanent — because the Democrats want to end all those tax cuts."

Today’s jobs report smashed expectations. This is a real tribute to President Trump’s policies. We saw massive investment in the First Quarter because of the Trump tax cuts!

U.S. debt surpassed 100% of GDP this year and is on track to reach 188% over the next 30 years, according to new analysis by @BBKogan and @econjared. They find the debt would instead be trending down toward 48%, were it not for the Bush and Trump tax cuts.

#US# |🌍 #Globalization# isn't dying—it's reconfiguring! #IEA#'s @IEA_economics Lili Yan Ing says trade slowdown ≠ deglobalization. 📉➡️🔄 We've lifted millions from poverty, but inequality (look at U.S. wealth gap) fuels protectionism. 🏛️💸 Her fix? 3 priorities: 📊 Beyond #GDP—track# human capital & green transition 🛡️ Build domestic resilience via diversification 🤖 Govern #AI# & #tech# responsibly #Trade# #EconomicPolicy# #Inequality# #Sustainability# #HumanCapital# #Resilience# #Protectionism# #TrumpTariffs# #Reconfiguration#

Top Overnight News The lightning Houthi advance down Yemen's Red Sea coast this week came with direct guidance from Iran's Revolutionary Guards seeking to open a new front in Iran's war with the U.S., according to Yemeni government, Iranian and ‌regional sources. By seizing the southwestern port city of Mocha, the Houthis have strengthened their chokehold on the Bab el-Mandeb Strait, a key waterway whose disruption further constricts global energy supplies after Iran's blockade of the Strait of Hormuz. Reuters Iran and GCC states are considering meeting next week for talks on the Strait of Hormuz, people familiar said. The Houthis advanced toward coastal areas near the strategic Bab al-Mandeb Strait. Oil retreated. BBG US average retail diesel prices topped $6 a gallon for the first time, adding to price pressures ahead of peak demand season. BBG Fund managers wading back into South Korean memory makers’ stocks got a fresh gut check after DeepSeek’s latest artificial intelligence model raised doubts on the strength of demand. SK Hynix Inc. and Samsung Electronics Co. shares dipped 2.2% and 3.5% each in Asia, paring their nascent rebound from July’s steep selloff. DeepSeek’s comment that it has reduced the amount of high-bandwidth memory required in its AI models. “Oracle’s GPU renewal pricing averaged 20% higher, highlighting the industry’s supply-demand imbalance and supporting Oracle’s and other cloud peers’ infrastructure outlook”. “The company’s commitment to keep fiscal 2027 funding needs unchanged also stands out despite a sequential $26 billion rise in remaining performance obligations to $664 billion”. BBG Japan’s finance minister said Scott Bessent referring to himself as “the house” sounded “scary” when translated into Japanese. The US Treasury Secretary clarified his remark, saying he was trying to give the market “good framing so that they don’t panic.” BBG Sanae Takaichi’s push for a more assertive military with US support will be tested as voters in Japan’s Okinawa pick a governor Sunday. Anger over US bases is overshadowed by worries about China. BBG European Central Bank officials expect to raise interest rates further, with another increase possible as soon as next month. While policymakers’ views will continue to hinge on incoming economic data, tighter monetary policy may be required to contain inflation that’s stuck above 3%, said the people, who asked not to be identified discussing private conversations. BBG Trump reiterated a pledge to provide a USD 5,000 Trump dividend to adults if Republicans win the Midterms and will make Trump tax cuts permanent, while he separately commented that the Trump dividend won't be a big problem at all and that he is doing it as a reward and not for the vote. Trump said in a recorded interview with Fox News that they're going to take care of USD 40tln debt through growth, while he spoke with Johnson and Thune regarding USD 5,000 dividends. Bessent said they have the best-performing bond market in the world and will get to the other side of the energy supply shock, while he added that the Treasury market is in very good shape and term premium is at the lowest differential in many years. Bessent stated regarding the Treasury buyback operation that they didn't buy back as many as he said, because they buy cheap. Pentagon is in talks to get into AI infrastructure funding with a USD 5bln loan: WSJ. Goldman expects a 0.23% increase in August core CPI (vs. +0.2% consensus), corresponding to a year-over-year rate of +2.40% (vs. +2.4% consensus). GS expects a 0.39% increase in headline CPI (vs. +0.4% consensus), reflecting higher energy prices. Net and gross hedge-fund leverage remains well below this year’s highs, according to our Prime Services desk, suggesting positioning remains relatively cautious. Goldman Prime Brokerage