Overnight news summary for July 2nd.

1. The United States Trade Representative James Green announced on the 1st that the United States has decided not to renew its trade agreements with Canada and Mexico, and instead choose to conduct an annual review of the agreement. 2. Iranian Deputy Minister of Foreign Affairs and head of Iran's technical negotiation delegation, Gharibabadi, stated that the US violated commitments in the memorandum of understanding and will establish a monitoring mechanism to review violations. 3. Sources said that during the indirect talks between the US and Iran held in Doha, the capital of Qatar, the Iranian delegation requested the phased implementation of the previously reached memorandum of understanding, focusing on the implementation of the frozen assets related clauses. 4. US President Trump stated on July 1st that the latest round of talks between the US and Iran in Qatar went smoothly. US Vice President Pence stated that the indirect technical talks between the US and Iran in Doha, the capital of Qatar, "are progressing smoothly" and discussions on nuclear issues will start soon. 5. Chairman of the Federal Reserve Kevin Wash stated on July 1st at the European Central Bank Forum in Portugal that current inflation levels in the US are still too high, and reiterated that the priority of the Fed's work is to ensure price stability. 6. Musk denied media reports on Wednesday about SpaceX showcasing a prototype AI handheld device to investors before its IPO, calling it "completely untrue." 7. Federal Reserve Chairman Kevin Wash has invited former Governor of the Bank of England Mervyn King to co-chair the newly established communication working group at the Federal Reserve. 8. According to the Iranian official news agency Shana, Deputy Minister of International and Financial Affairs of the Iranian Ministry of Petroleum Ali Mousavi stated that Iran is prepared to export oil to all countries except Israel.