Economic News

Also in today’s newsletter, Cambodia and Thailand agree ceasefire, and Germany and France hit out at EU-US deal

Jeet Heer The doom-obsessed Democratic Party remains as unpopular as ever—but there is another path. The post Zohran Mamdani Is Keeping Hope Alive appeared first on The Nation.

Euro slides as investors bet that long-awaited trade agreement will hurt Eurozone economy

From CPB, data through May: Figure 1: World Trade Volume (blue), World Industrial Production (tan), both 2006=100., on log scale. Light orange shading denotes Trump 2.0 administration. Orange dashed line at “Liberation Day”. Source: Central Plaanbureau. There’s a drop in May as tariff-front running ended. We need June’s data for some clarity.i When (Trump) Tariffs last bloomed: Figure 2: World Trade Volume (blue), World Industrial Production (tan), both 2006=100., on log scale. Light orange shading denotes Trump 1.0 administration. Orange dashed line at notice of intent to impose Section 232, 301 tariffs. Source: Central Plaanbureau. By the way, as everybody is hailing the “deal” with Europe (All those investments! All those purchases of energy products!), just remember the sorry implementation record of the Trump US-China Economic and Trade agreement, Phase 1. US exports are shown in this post, for Q1, and nowcast for Q2.

Move comes as US and China hold trade talks and seek to stabilise relations

PM to use face time with US president at British golf courses to press for further talks

EU and other trading partners are being bullied into opaque and unenforceable deals

The risks of decline go far beyond any single company

Rapid adoption of dollar-linked tokens would leave central bank struggling to control money supply and interest rates

Most exports from bloc to face 15% tariffs while European market will open to more American imports