FirstFT: US threatens Russia with ‘severe’ tariffs
Also in today’s newsletter, the ‘cat bond’ market and EU budget plan’s eastward shift
Economic News
India looks for ‘low-hanging fruit’ in high stakes US trade talks
Also in this newsletter: is the Modi government massaging economic data?
China’s economy grows 5.2% in second quarter
Strong exports help world’s second-largest economy weather Trump’s trade war
Australia’s PM seeks to balance trade and security tensions in Xi meeting
Anthony Albanese touts tourism and steel co-operation on six-day China trip clouded by Trump turmoil
US probes imports of drones and critical material in chips and solar panels
Investigations could lead to tariffs on unmanned aircraft systems and polysilicon
Volvo Cars to book $1.2bn charge on tariffs and launch delays
Exposed to US and European duties, the Geely-owned group has already announced a cut of 3,000 jobs globally
US investors should beware of tariff complacency
America’s bullish stock market is at odds with Trump’s policy agenda
US threatens Russia with ‘severe’ tariffs over war in Ukraine
Trump says he is ‘very unhappy’ with Moscow for lack of progress on a ceasefire deal
European stocks slip after Trump’s tariff threat
Analysts say a much sharper sell-off is likely if 30% levies come into force
China approves $35bn Synopsys chip software deal after US eases export curbs
Beijing’s antitrust regulator had paused process in May as Trump administration tightened access to chip design tools