Top Headlines: Trump's Policies, US Retail Growth & Zelenskiy's Visit to Washington
Key updates from US domestic news include Trump's visit with European leaders, Zelenskiy's upcoming visit to Washington, US retail sales growth amidst a softening job market, legal battles involving Trump, restrictive subsidy rules for renewables, and urgent investigations into environmental and legal challenges in various states.
U.S. President Donald Trump is in the spotlight again with key domestic and international developments. Plans are underway for Ukrainian President Volodymyr Zelenskiy to visit Washington for crucial talks with Trump following the recent Trump-Putin summit.
Economic updates reveal a solid increase in U.S. retail sales in July despite a challenging labor market and rising costs. However, the potential for an oversized interest rate cut by the Federal Reserve seems bleak as inflation expectations rise.
On the legislative front, Trump's administration is tightening rules on tax subsidies for renewable projects, which could impact the sector significantly. Meanwhile, a federal court has ruled against parts of Maryland's digital advertising tax law, citing First Amendment concerns.
(With inputs from agencies.)
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