Trump announces trade deal with Indonesia
Jakarta to pay 19% tariff on exports to US after talks with Washington
Economic News
June inflation shows US tariff pressures building on consumer prices
Headline and core data in line with expectations but will not be enough to ease Fed’s fears of tariff-driven price rises
A return to tariffs, Taco or not
Trump’s focus on the goods of the past is ridiculous. What matters is competitiveness in the future
US inflation reaches 2.7% as Trump tariffs hit
Unexpectedly sharp June rise signals US president’s levies are pushing up consumer prices
Aspiring Fed chairs play to an audience of one
Kevin Warsh and Kevin Hassett are eroding their credibility to court Donald Trump
EU eyes retaliatory tariffs against US aircraft, cars and bourbon
Measures would take effect if trade talks falter as Donald Trump threatens 30% levies from next month
Nvidia gets nod from Washington to resume sales of H20 China chip
Leading AI chipmaker had taken $4.5bn writedown after tightening US controls banned export of its key product
EU weighs sanctions on Israel as concerns mount over Gaza aid deal
Also in this newsletter: Is the EU ban on Russian gas legal?
FirstFT: US threatens Russia with ‘severe’ tariffs
Also in today’s newsletter, the ‘cat bond’ market and EU budget plan’s eastward shift