🔴 [Quick Facts]:

• Trump seeks to mitigate the impact of auto tariffs, and may take action before Tuesday.

• The US Treasury Department raised its quarterly borrowing estimates as its cash reserves are depleted by the debt crisis.

• Iran proposes a meeting with Europe before upcoming talks with the US.

• US tariffs are backfiring on agriculture: canceling orders, lowering prices, and exacerbating the crisis.

• Rehn: The European Central Bank should not rule out further interest rate cuts.

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