US sanctions come into effect, German GDP figures out

Synopsis

This week, the US faces significant economic changes as tariffs from China and new sanctions against Russia come into effect. The tariffs target American imports such as coal, oil, chemicals, and medical equipment, marking an escalation in the ongoing China-US trade war that began earlier this year. President Donald Trump's foreign policy is under scrutiny, particularly regarding his approach to Russia and his relationship with Vladimir Putin. The sanctions, effective by August 22nd, are welcomed by conservatives who believe Trump has not been stringent enough on Russia. Meanwhile, Germany is set to release its second quarter GDP figures, providing insight into the euro zone's economic health. These developments will illustrate the immediate effects of Trump's policies on the US economy and the Republican Party's prospects in the upcoming midterm elections.