Doubts about the dollar bring a new set of problems for Europe
US move prompted by concerns that purchases are undermining national security
Beijing’s deflation fears deepen as intense competition weighs on producers
US president threatens Cambodia, Indonesia, Laos, Malaysia and Thailand with duties ranging from 25%-40%
Sabih Khan will oversee iPhone maker’s supply chain at a time of huge trade uncertainty
Trump floats 200% tariff on medicines, while threat of 50% levy on copper imports sent price of metal to record high
Britain’s ability to respond to future shocks is ‘substantially eroded’ because of high debt, says fiscal watchdog
Goldman Sachs joins other banks in lifting end-of-year target for S&P 500 index
Also in today’s newsletter, White House pushes back on allegations that workforce cuts hampered Texas flood alert
Being ‘one of us’ matters amid US presidential challenge
PM Shigeru Ishiba’s insistence on total relief from Donald Trump’s levies was a miscalculation, analysts say
Also in today’s newsletter, Trump revives threat of ‘reciprocal’ tariffs and battle for young bankers
As the president launches a trade war, follow the latest on tariffs and executive orders
White House extends deadline for ‘reciprocal’ levies from July 9 to August 1
And that might become a problem
Data this week expected to show prolonged bout of deflation in factory prices is running unchecked
The country’s latest sanctions are proving far more effective than prior efforts
Complaints made against Swiss bank over losses on foreign exchange derivatives in wake of US tariff announcements
Rotterdam has started reserving space for Nato supply ships and planning military exercises
Host Brazil criticises US president as being ‘very irresponsible’ for vowing extra levies on states aligned to group
Deadline for countries to sign deals with Trump expires on Wednesday
Xu Zewei suspected of links to Beijing-backed group accused by Washington of stealing Covid-19 vaccine secrets
There is an opportunity for the continent as investors look to diversify away from the US dollar, but seizing it will be difficult
The EU in particular has failed to stick to a strategy
Also in today’s newsletter, investors pour billions into tokenised mutual funds, and Musk creates new political party
