Trump’s threats push Canada to fell its byzantine internal trade barriers
Prime Minister Mark Carney bets more domestic commerce can help compensate for US levies
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Central banks warned to stay on inflation alert
BIS says households scarred by pandemic still expect prices to rise sharply in coming year
Middle East tensions could trigger food price shock, warns fertiliser boss
Fertiliser prices have been ‘extremely volatile’ in the past two weeks, says CEO of leading crop nutrients group Yara
Trump’s tariff war and aid cuts threaten poorest nations’ recovery
Smaller countries face ‘perfect storm’, says UN and WTO trade tsar ahead of key sustainable development summit in Spain
The Asian factories on the frontline of Trump’s tariffs
Textile producers, electronics manufacturers and car suppliers are among those trying to make sense of a market in turmoil
US multinationals on track for minimum tax reprieve after G7 deal
Campaigners say agreement with Washington threatens to kill landmark accord
Traders bet on rate cuts from Powell’s successor at the Fed
Donald Trump’s criticism of central bank chair has fuelled expectations of a dovish shift once he leaves in May next year
Trump says he will only pick Fed chair who cuts rates
US president renews attack on Jay Powell and says borrowing costs should fall to 1%
Carmaker Lotus plans to end production in the UK
Closure of historic Norfolk plant would put 1,300 jobs at risk and be the latest blow to the country’s auto industry
Trump halts US-Canada trade talks over Big Tech tax dispute
US president says he will set a new tariff on imports from the country within a week
US stocks rise to closing high despite Trump ending negotiations with Canada
Wall Street’s S&P 500 ended the session up 0.5%
FirstFT: Eric Trump opens door to political dynasty
Also in today’s newsletter, US Treasury calls on Congress to scrap foreign revenge tax in Trump bill, and the private equity-insurance nexus
Trump says US-China trade truce has been ‘signed’
Purported pact follows negotiations in London and Geneva to de-escalate global trade war
China industrial profits slide as trade war uncertainty sets in
May reading flips cumulative growth for this year to a 1.1 per cent decline
Von der Leyen proposes setting up EU-led alternative to WTO
Also in this newsletter: EU politicians travel to Budapest Pride despite Orbán’s ban
ECB beat inflation without heavy economic costs, says departing hawk
Veteran Dutch policymaker says central bank would have taken ‘more pain’ to tackle post-pandemic price rises if it had to
Gold glitters as mistrust spreads
Calls for European governments to repatriate the bullion they store in the US are a sign of something bigger
Turkey’s economic woes catch up with Erdoğan
A cost of living crisis and social unrest are throwing the strongman leader’s plan to stay in power into jeopardy
China’s ‘Summer Davos’ offers rare respite from trade war
Officials emphasise ‘openness and fairness’ as Beijing presents itself as a stabilising force in the world
India-US trade deal hits a rough patch
Also in this newsletter: a new factory for Jaguar Land Rover, and an Indian in space after 40 years
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