Effective Tariff Rates *before* Copper & Brazil
From Yale Budget Lab: Source: Yale Budget Lab, accessed 10 July 2025.
Economic News
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
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
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