Tariff inflation arrives
And bad Treasury returns
Economic News
UK inflation unexpectedly rose to 3.6% in June
Figure marks setback for BoE as it seeks evidence price pressures are cooling
Brussels moves to placate Paris over South American trade deal
EU proposes protections for agriculture as it aims to finalise agreement with Mercosur bloc in December
‘Fire’ is now the greater threat to investors than ‘ice’
Financial markets will be closer in the future to a singe from inflation than a freeze in growth and prices
Investors rage over Vietnam’s alleged breach of power contracts
Cuts to renewable energy subsidies risks country’s credibility and power shortages, state utility warns
GM’s Korea plants leave Detroit carmaker fully exposed to US tariffs
GM Korea’s factories principally serve the North American market, raising doubts about their viability
Trump reaps $50bn tariff haul as world ‘chickens out’
Only China and Canada have retaliated against US president’s tariff war
FirstFT: Donald Trump announces US-Indonesia trade deal
Also in today’s newsletter, China’s GDP grows 5.2%, and Trump asked Zelenskyy if Ukraine could hit Moscow
The History of America’s Entrepreneurial Work Ethic
Daniel Bessner, Derek Davison On this episode of American Prestige, Erik Baker on the deep-seated roots of US hustle culture. The post The History of America’s Entrepreneurial Work Ethic appeared first on The Nation.
Lutnick says easing of Nvidia’s AI chip exports linked to China deal
US commerce secretary wants Chinese AI developers to ‘get addicted to the American technology’