Also in today’s newsletter, Trump’s tariff reprieve, and Gaza’s last hospitals
And South Korea looks cheap
Deteriorating economic and social ties between the neighbouring cities tear at fabric of cross-border community
Alan Taylor says price rises are being driven by one-off factors as he stressed hit from Trump trade war
The professor and MPC member on making monetary policy in an age of uncertainty
Investors are fretting about a clause that would penalise foreign holders of US assets
The White House is fighting court rulings halting Trump’s ‘liberation day’ tariffs
Decision comes less than 24 hours after trade court ruled president’s global levies to be illegal
Tougher US export restrictions on advanced chips give added urgency to testing of domestic alternatives
Judicial rulings have challenged the president’s trade policies, and some think he should respond by softening his plans
Move by Washington is latest effort to stymie geopolitical rival’s technological advance
Consumers endure long lines and sparse help as warehouse club stores heap pressure on traditional retailers
Trump’s cuts in foreign aid and global tariffs have created opportunity for Beijing
Legislation would erode the appeal of US financial assets, warn banks and investors
Andrew Bailey makes case for minimising negative effects of Brexit
EU trade commissioner Maroš Šefčovič is still expected to meet his US counterparts in Paris next week
Without its own industry, the continent will be forced to depend on foreign firms that could cut off supplies
Panel of judges finds president did not have authority to introduce levies using the legislation he cited
Also in today’s newsletter, US says it will ‘aggressively’ revoke Chinese student visas
Revised GDP figures confirm first contraction since 2022 and show slowdown in consumer spending growth
Legal experts say White House has limited alternatives to impose sweeping global duties struck down by trade court
Experts fear more ‘chaos and confusion’ surrounding implementation of pact
Finance minister tells FT the kingdom’s priority is to avoid long-running ‘trap of booms and busts’
Also in today’s newsletter, Musk formally steps down from Doge, and Nvidia’s quarterly revenue surges
Acróstica? We hardly even…
