Trump threatens new tariffs on Canada
US president warns of imminent EU trade announcement and higher global rates for other nations
Economic News
Has the Climate Movement Been Too Polite? This Senator Thinks So.
Mark Hertsgaard US Senator Sheldon Whitehouse called on Democrats to stop enabling the fossil fuel industry’s “malevolent propaganda operation.” The post Has the Climate Movement Been Too Polite? This Senator Thinks So. appeared first on The Nation.
Copper, Bolsonaro (Coffee): Predict Trade Policy Uncertainty for 7/10
Here’s the data through 7/9: Figure 1: EPU-trade category (blue, left scale), and Trade Policy Uncertainty index (red, right scale). Source: Baker, Bloom & Davis policyuncertainty.com, and Caldara et al. TPUD. For 7/9, it’s 4110. Pre-Trump 1.0 average is 102. Copper prices?
Effective Tariff Rates *before* Copper & Brazil
From Yale Budget Lab: Source: Yale Budget Lab, accessed 10 July 2025.
Climate change poses growing threat to UK economy, says BoE official
Sarah Breeden cites evidence that extreme weather events push up inflation in ways central banks find difficult to combat
Jamie Dimon tells Europe: ‘You’re losing’
JPMorgan Chase boss warns on EU competitiveness and market complacency over tariffs
Market volatility recedes as investors brush off Trump’s tariff threats
‘Taco trade’ dominates as stocks, bonds and currencies remain calm
Pentagon strikes investment deal with US critical minerals producer
Unusual agreement follows growing concern in Washington over Chinese dominance of crucial weapons materials
Lula seizes Trump tariff threat to revive re-election push
Unpopular government uses US president’s intervention to brand conservative opponents as traitors
FirstFT: Europe is ‘losing’ the battle to rival US and China, warns Dimon
Also in today’s newsletter, Uniqlo basks in consumers buying ‘summer all year’ clothes, and the Bank of Korea’s interest rate dilemma