Patience for Iran Deal, but Military Action Looms

US President Donald Trump stated on Sunday that he has "enough patience and time" to reach a new agreement with Iran. However, he warned that if a new ceasefire deal is not achieved, the US will resume military strikes against the country. Trump described the negotiations as "going well," but cautioned that "time is running out. Either we get it done quickly, or we call it off." He explained that the pause in military action was due to a request from mediating nations to give negotiations another chance, adding that he believes Iran is willing to reach a deal.

Trump's Approval Rating Rises

A Reuters/Ipsos poll shows Trump's presidential approval rating has increased from 34% to 37%. Despite this, 69% of Americans surveyed indicated that Trump has not clearly explained the US military's objectives in Iran.

Calls for Lowest Global Interest Rates in the US

On Monday, while discussing the Federal Reserve, President Trump commended Fed Chair Jerome Powell, saying he is "excellent" but must address issues within the committee. Trump expressed confidence that Powell will do the right thing, understanding his intentions. Regarding interest rates, Trump stated they should be lower, insisting the US should have the lowest interest rates in the world. He also noted that costs are declining rapidly.

AI Voluntary Review Framework Nears Finalization

According to The Information, three sources say the Trump administration is close to finalizing a voluntary framework requiring AI companies to submit their most advanced models to the government before public release. Trump has set a deadline of August 1 for completing this framework, which aims to establish a more formal review process for powerful new AI capable of rapidly discovering network vulnerabilities. As the deadline approaches, some AI companies have expressed concerns in meetings with White House agencies about how the framework will define "frontier models" and whether it will distinguish between closed-source and open-source models.

Impact of Tariffs on General Motors

President Trump remarked that the effect of tariffs on General Motors (GM.N) is "truly astonishing."

Daylight Saving Time to Be Abolished

President Trump also announced his intention to end daylight saving time.

Upcoming Meetings with Foreign Leaders

On Tuesday, Trump is scheduled to meet separately with Israeli Prime Minister Benjamin Netanyahu and Ukrainian President Volodymyr Zelenskyy.