Trump strikes tariff deal with Japan

Plus, Germany plots the future of warfare.

Global news you can trust. Download the Reuters App. Daily Briefing Daily Briefing By Kate Turton Hello. Trump strikes a tariff deal with Japan, more than 100 aid and rights groups call for action as hunger spreads in Gaza, and sources say US-funded contraceptives for poor nations to be burned in France. Plus, spy cockroaches and AI robots: Germany plots the future of warfare. Today's Top News   A child holds a pot as Palestinians gather to receive food from a charity kitchen, amid a hunger crisis, in Gaza City, July 22, 2025. REUTERS/Dawoud Abu Alkas More than 100 organizations called for governments to take action as hunger spreads in Gaza, including by demanding an immediate and permanent ceasefire and the lifting of all restrictions on the flow of humanitarian aid. US-funded contraceptives worth nearly $10 million are being sent to France from Belgium to be incinerated, after Washington rejected offers from the United Nations and family planning organisations to buy or ship the supplies to poor nations, two sources told Reuters. Japanese Prime Minister Shigeru Ishiba denied he had decided to quit after a source and media reports said he planned to announce his resignation to take responsibility for a bruising upper house election defeat. Germany plans to nearly triple its regular defense budget to around $175 billion per year by 2029, and much of that money will go into reinventing the nature of warfare. Innovations include AI robots, unmanned mini-submarines and battle-ready spy cockroaches. The United Nations' highest court will deliver an opinion that is likely to determine the course of future climate action across the world. United States President Donald Trump accused former President Barack Obama of "treason" without providing evidence. He claimed Obama led an effort to falsely tie him to Russia and undermine his 2016 presidential campaign. A spokesperson for Obama denounced Trump's assertions. A public political fight to release files on Jeffrey Epstein has been avoided after House Speaker Mike Johnson adjourned the session a day early, dodging the vote on their release. Sarah Lynch joins the Reuters World News podcast to discuss the Department of Justice's next move. The Trump administration is set to release a new artificial intelligence blueprint that aims to relax American rules governing the industry at the center of a technological arms race between economic rivals the US and China. Business & Markets   People react as they read the Yomiuri Shimbun special edition, July 23, 2025. REUTERS/Kim Kyung-Hoon The United States struck a trade deal with Japan that lowers tariffs on auto imports and spares Tokyo from punishing new levies on other goods in exchange for a $550 billion package of US-bound investment and loans. Here's our timeline of major developments in Trump's trade war. For more tariff news, sign up for the Tariff Watch newsletter. Some major brewers and distillers are taking steps to develop hemp-based beverages, suppliers of the main ingredient told Reuters, hoping to lure drinkers looking for new a buzz while avoiding hangovers or potential health risks. Coca-Cola's quarterly estimates beat expectations, boosted by higher prices even as volumes dropped in key markets. This as the company said it would introduce a Coke product made with cane sugar in the US. LVMH and Kering are expected to report another drop in quarterly sales, deepening investor worries about a prolonged downturn in the $400 billion luxury market as brands face the threat of hefty US import tariffs.  Wall Street's reliance on a small number of high market-value stocks to keep momentum going for the US equities bull market will be tested in coming days as major technology and growth companies report earnings. For more, watch our daily market rundown. An American toddler in foster care, a mom in ICE detention   REUTERS/Carlos Barria For 125 days in an immigration detention cell, Ingrid Mejia replayed in her head the day she was separated from her 3-year-old son. Mejia, a 25-year-old farmworker from Guatemala, was plunged into the dragnet of President Donald Trump's aggressive immigration enforcement, landing her in immigration detention for more than four months and stranding her US citizen son in foster care for even longer. Read more Ozzy Osbourne, Black Sabbath's bat-biting frontman, dies aged 76 He was known to fans as "The Prince of Darkness". REUTERS/Hannah Mckay Ozzy Osbourne, frontman of 1970s heavy metal band Black Sabbath, earned his infamy biting the head off a bat on stage and pursuing a drug-fuelled lifestyle before reinventing himself as a loveable, if often foul-mouthed reality TV star. Read more Get full access to Reuters.com for just $1/week. Subscribe now. Sponsors are not involved in the creation of newsletters or other Reuters news content. Advertise in this newsletter or on Reuters' website Reuters Daily Briefing is sent 5 days a week. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. Want to stop receiving this email? Unsubscribe here. To manage which newsletters you're signed up for, click here. This email includes limited tracking for Reuters to understand whether you've engaged with its contents. 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