Market volatility recedes as investors brush off Trump’s tariff threats
‘Taco trade’ dominates as stocks, bonds and currencies remain calm
Economic News
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
The frightening world without the dollar
What will the global economy look like if it loses its monetary anchor?
Coffee prices climb after Trump threatens 50% tariffs on Brazil
Levies on world’s top arabica producer rattles investors in sector
FirstFT: Trump threatens to impose 50% tariff on Brazil
Also in today’s newsletter, Moët Hennessy’s sexual harassment case and US Federal Reserve independence
Seoul’s property boom and US tariffs put Korean central bank in a bind
Policymakers fear cutting borrowing costs to boost economic growth could drive capital’s real estate prices higher
Veteran mining boss Friedland hails Trump’s ‘intelligent’ copper tariffs
Ivanhoe Mines founder welcomes 50% import levy and says domestic production is ‘fundamental’ to US security
Carmakers and shipowners say Donald Trump’s port fees will hurt US consumers
Companies including Ford warn that steep levies for car carriers will prove counter-productive