Levies on world’s top arabica producer rattles investors in sector
No sensible government would think of emulating his trade policies as they have his other plans
Companies including Ford warn that steep levies for car carriers will prove counter-productive
The US president has stepped up his criticism of the central bank’s chair, prompting some to question how long it can remain above politics
US president accuses country of launching a ‘witch-hunt’ against its former leader Jair Bolsonaro
US president says levy on the key industrial metal follows a ‘national security assessment’
Minutes from US central bank’s June meeting highlight schism over effect of Donald Trump’s levies
Export growth has been strong but not lived up to its potential
CEO to talk with Chinese officials next week, aiming for September unveiling of processor compliant with US export controls
LME price sinks as traders bet any levies will ultimately hit demand for industrial metal
Shares in drugmakers show little reaction to US president’s latest pronouncement
Central bank officials warn some heavily indebted firms are ‘particularly exposed to global shocks’
President also says he will impose levies of up to 200% on drug imports after a transition period
Plus copper tariffs
Also in this newsletter: EU delegation ordered to leave Libya
Brussels is not expecting same access to US market as British steel, cars and other products
Private equity cheers the legislation while Tesla and AI start-ups lose out
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%
Trump floats 200% tariff on medicines, while threat of 50% levy on copper imports sent price of metal to record high
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
PM Shigeru Ishiba’s insistence on total relief from Donald Trump’s levies was a miscalculation, analysts say
As the president launches a trade war, follow the latest on tariffs and executive orders
