Trump said he does not intend to renew the US-Mexico-Canada Agreement (USMCA).

May US CPI rose 4.2% YoY, the fastest since April 2023, marking the second consecutive month inflation has outpaced wage growth. May average hourly earnings rose 3.4% YoY; real wages fell 0.7% YoY and 0.1% MoM. Energy prices jumped 23.5% YoY, the largest increase since Aug 2022, with natural gas up 40.5% YoY and 7.0% MoM. Food prices rose 0.2% MoM, below the prior 0.5%. Bankrate senior economic analyst Mark Hamrick expects Middle East supply‑chain disruptions will keep inflation elevated in the near term; a ZipRecruiter economist said wages lagging inflation are squeezing middle‑income households.

On the 10th President Zelenskiy said on social media Ukraine continues strikes on Russian military and oil-industry facilities. Russia said multiple locations were hit by Ukrainian attacks the same day, injuring five people.