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๐Ÿ”ด [Quick Facts]:

1. Japan's services PMI fell to 51.0 in May, and activity growth slowed.

2. The US government proposes its first spending cut plan, requesting the return of $9.4 billion.

3. The White House announces a 50% increase in tariffs on steel and aluminum imports.

4. Vote counting has concluded in the South Korean presidential election, with Lee Jae-myung receiving 49.42% of the vote.

5. Trump proposes a new framework for the nuclear deal with Iran; Iran will respond in a few days.

6. US job openings unexpectedly rose in April, and hiring activity accelerated.

7. Before the new steel and aluminum tariffs take effect, the UK is scrambling to salvage the steel tariff agreement with the US.

8. Cook: Tariffs could lead to a rebound in inflation, putting pressure on the labor market.