Russia’s president, Vladimir Putin, spoke to China’s leader, Xi Jinping, and India’s prime minister, Narendra Modi, to discuss his talks with America over the war in Ukraine

Israel’s security cabinet met to vote on whether to launch a full-scale military occupation of Gaza.

Donald Trump announced an additional 25% tariff on goods from India in response to the country’s continued imports of Russian oil.

America’s trade deficit fell 16% year on year in June to $60.2bn, its lowest level in nearly two years, as imports of consumer goods dropped sharply.

Donald Trump said in a social-media post that he would “substantially” increase the 25% tariff on Indian imports, imposed last week, in response to India’s purchases of Russian oil.

Hamas said it would not disarm without the establishment of an independent Palestinian state.

Mr Trump ordered two nuclear submarines to be positioned in “appropriate regions”, in response to “highly provocative statements” made by Dmitry Medvedev, Russia’s former president

Earlier Mr Trump unveiled new tariffs on more than 60 countries

Donald Trump said he would extend the deadline for Mexico and America to reach a trade deal by 90 days, following a “very successful” conversation with Claudia Sheinbaum, Mexico’s president.

The Federal Reserve held its benchmark interest rate at 4.25-4.5%.