Keep calm and carry on as Brussels sidesteps Trump’s tariff threat
Also in this newsletter: New initiatives to better protect kids online
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Japan faces an era-defining reset with the US
After warm relations during his first term, Tokyo has not adapted to Donald Trump’s transactional approach in trade and defence
EU to step up foreign subsidy probes, antitrust chief says
Teresa Ribera indicates room for co-operation with Beijing on climate change despite trade tensions
EU pauses trade retaliation against US after Trump’s 30% tariff threat
European Commission president Ursula von der Leyen calls for negotiated solution to dispute
Wall Street expects glittering earnings despite trade war
UK chancellor delivers Mansion House speech, Fed issues Beige Book and China releases second-quarter GDP data
Will China hit its mid-year growth target?
Market Questions is the FT’s guide to the week ahead
Manufacturers plead for US tariff clarity before copper stockpiles dwindle
Companies await details on whether 50% levy will apply to all products containing the metal
Vietnam got a Trump trade deal early. Was it worth it?
Businesses wonder if Hanoi locked in better terms on tariffs by moving quickly — or gave up too much
Trump threatens 30% tariffs on EU and Mexico from August 1
US president announces new levies on trading partners in letters posted to social media
Africa’s top garment exporter could fold under US tariffs, minister says
Lesotho, which supplies Levi’s and Wrangler, declares ‘state of disaster’ as Trump threat triggers job cuts
The new age of geoeconomics
Donald Trump’s tariff threats are just part of a much wider shift. Gillian Tett explains why commerce is being subordinated to statecraft — and how we can adapt
Big Pharma’s big tariffs
US tariffs on pharmaceuticals mean hard questions for the industry and its political future.
Trump could trigger another market shock, investors warn
Fund managers and bankers cast doubt on bets US president will back down from most severe threats
Does the US have Dutch disease?
The exorbitant burden of exporting dollars makes it hard for America to govern at home
Trump’s immigration agenda follows the trade template — for good and ill
Long-term frameworks are necessary to lock in the desired effects of the US administration’s most controversial policies
Trump threatens new tariffs on Canada
US president warns of imminent EU trade announcement and higher global rates for other nations
Summer books 2025: the best titles of the year so far
From politics, economics and history to art, food and, of course, fiction — FT writers and critics choose their favourite reads of the year so far
The rocky path to global carbon pricing
EU’s controversial levy adds to momentum on pricing emissions
FirstFT: White House opens new front of attack on Fed chief Jay Powell
Also in today’s newsletter, Trump threatens Canada with 35% tariff and Google to agree cloud discount with US government
IEA forecasts slowest oil demand growth outside of pandemic since 2009
Energy advisory body expects global consumption to increase by 700,000 barrels a day this year
Global Economy
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