US and Dominican Republic Discuss Haiti Crisis Amidst Regional Security Concerns

US Secretary of State Antony Blinken met with Dominican President Luis Abinader to discuss Haiti’s ongoing crisis, regional security, and economic prosperity. While acknowledging some progress in tackling gang violence in Haiti, both leaders expressed concern about the lack of resources for the UN-backed mission and the influx of Haitian migrants into the Dominican Republic. Blinken announced a $3 million investment in the Dominican Republic’s economy, while reiterating US support for a UN peacekeeping operation in Haiti.

US and Iraq Agree on Coalition Troop Withdrawal, Setting 2026 Deadline

The United States and Iraq have reached an agreement to withdraw all US-led coalition forces from Iraq by the end of 2026. The withdrawal will be phased, with hundreds of troops leaving by September 2025. The agreement marks a significant shift in Washington’s military posture in the region and follows months of negotiations between Baghdad and Washington. The drawdown is expected to be completed in two phases, with the first phase seeing the departure of troops from Ain al-Asad airbase and a significant reduction in Baghdad by September 2025. The final phase will see the remaining troops depart by the end of 2026.

Former Treasury Secretary Warns Against Excessive Trade Restrictions on China

Robert Rubin, the former U.S. Treasury Secretary, has expressed concern about the potential negative consequences of imposing excessive trade restrictions and tariffs on China. He urged lawmakers to exercise caution, warning against crossing reasonable boundaries, as such measures could harm the global economy. Rubin’s comments come in the wake of President Biden’s recent announcement of increased tariffs on Chinese imports, including semiconductors, solar cells, and critical minerals.

USD/JPY Rebounds, but Market Awaits Key US Data

The USD/JPY pair has shown a slight rebound after reaching two-week lows, but the market remains cautious as it awaits crucial US employment data later this week. Meanwhile, the Bank of Japan maintains its current policy stance but signals potential adjustments, including a possible December interest rate hike, depending on economic developments.

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