European stocks slip after Trump’s tariff threat
Analysts say a much sharper sell-off is likely if 30% levies come into force
Economic News
LVMH’s Loro Piana placed under court administration over worker exploitation
Cashmere brand becomes fifth fashion house to be monitored in probe into labour rights violations in Italian supply chains
EU warns Trump’s 30% tariffs would eliminate transatlantic trade
Bloc’s trade commissioner Maroš Šefčovič issues caution as ministers meet to consider retaliatory measures against US
Germany’s exporters stifled by red tape, says Bundesbank
Eurozone’s biggest economy could have grown 50% more between 2021 and 2024, study finds
A Trumpian offer you can only refuse
The US president’s bullying of Brazil is particularly inept
China’s exports jump in June amid trade war truce with US
Strong trade data come ahead of second-quarter GDP growth that is expected to cheer Beijing
FirstFT: Arms makers should stop complaining, German defence minister says
Also in today’s newsletter, Trump’s UK state visit and Gaza’s ‘death traps’
Keep calm and carry on as Brussels sidesteps Trump’s tariff threat
Also in this newsletter: New initiatives to better protect kids online
EU to step up foreign subsidy probes, antitrust chief says
Teresa Ribera indicates room for co-operation with Beijing on climate change despite trade tensions
Japan faces an era-defining reset with the US
After warm relations during his first term, Tokyo has not adapted to Donald Trump’s transactional approach in trade and defence