Politico: “The unraveling of what had appeared to be a promising trade dynamic between the U.S. and one of the world’s fastest-rising economies illustrates the precarious nature of crafting an economic partnership with a mercurial Trump administration that has freely used high tariff rates to try to bend the world to its will.”

Said Mukesh Aghi, the president and CEO of the U.S.-India Strategic Partnership Forum: “We are in a situation now where he is completely upset with India, and the 25 years of effort to build a relationship seems to be going down in 25 hours. We need to arrest this in some manner… because the relationship is critical for both nations.”

“Karin Keller-Sutter admires the grit of former British Prime Minister Margaret Thatcher and as Swiss president is known as technocratic and tenacious. Those traits look to have backfired when she faced off with Donald Trump and led her country into crisis,” Bloomberg reports.

“With Trump levying the highest tariffs in the developed world on Switzerland at 39% — more than double the European Union’s rate — there’s little relief in sight.”

“The Trump administration has agreed to correct an ‘extremely regrettable’ blunder in the execution of its trade agreement with Japan, the country’s top trade negotiator said in Washington on Thursday,” the New York Times reports.

“In negotiations last month, Japanese officials believed they had secured a deal that, in return for pledges to invest hundreds of billions of dollars in the United States and open its market to more American goods, would set a standard tariff rate of 15 percent for all of its products shipped to the United States.”

“In a July 31 executive order, the Trump administration outlined a similar scheme for the European Union. But Japan, along with other trade partners, was issued a new tariff rate that would be ‘stacked’ on top of existing ones. In Japan’s case, that raised tariffs on items such as its beef exports to the United States from 26.4 percent to 41.4 percent.”

“The Trump administration is doubling to $50 million a reward for the arrest of Venezuela’s President Nicolás Maduro, accusing him of being one of the world’s largest narco-traffickers and working with cartels to flood the U.S. with fentanyl-laced cocaine,” the AP reports.

“Commercial satellite images show the Israeli military building up troops and equipment near the border with Gaza that would support a possible new ground invasion of the Palestinian enclave,“ NBC News reports.

“The images show troop movements and formations that the four sources recognized as signs of an imminent major ground operation.”