International - Financial Times - Credit Squeeze

Alexandre de Moraes says supreme court expects to reach a verdict in former president’s case later this year

The so-called Big Three of Ford, GM and Stellantis say the new tariff regime will cost them a combined $7bn this year

New duty level on Swiss goods one of highest in the world and exceeds 31% rate outlined by Donald Trump in April

Brazil is an egregious example of how trade levies are being shaped by presidential whim

Treasury yields tumble as revised figures show economy added just 106,000 jobs between May and July

Trading partners from Taiwan to Canada hit with steep new levies

Taipei faces 20% levy as it worries Donald Trump is prioritising trade talks with Beijing

Darren Woods says bloc’s climate and human rights directive will hurt competition

Investors warn that ‘peak tariffs’ narrative is being tested by US president’s latest actions

Also in today’s newsletter, Goldman Sachs’ ice cream deal, and US tech earnings

Figure was above expectations despite lower energy prices and stronger euro

US President Donald Trump announces levies on dozens of countries and formalises some trade deals

Plus the simplicity of the Mag 7

Apple revenues jump on strong iPhone sales and rebound in China and Donald Trump has…

Share price muted despite surge in iPhone sales driving record revenue

More than 80% of leaders surveyed by Institute of Directors said they were pessimistic

Chief executive Andy Jassy warns of further tariff policy uncertainty and who will bear the cost of them

US president threatens to ‘deploy every tool in our arsenal’ to protect Americans from ‘abusive drug prices’

Steep levies to go into effect for many countries within seven days

Free-range globalisation is not part of the Sinosphere’s economic plan