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Sir Keir Starmer welcomed agreement to blunt impact of Donald Trump’s tariffs

US Treasury secretary’s message in Beverly Hills got a mixed review from investors

Agreements with the US and India are imperfect, but better than nothing

Starmer’s choice undermines multilateralism and poses risks to the UK

Debate highlights uncertain outlook for UK growth and ‘plethora of risks’ facing economy

Brussels also plans to target aircraft, bourbon and wine in latest retaliation proposals

Monetary policymakers face increasingly difficult battle figuring out how, and when, to take action

Monetary Policy Committee split three ways over decision

Survey finds high tariffs hurting European businesses but also offering chance to win market share from US rivals

Limited agreement is expected to be focused on British steel and car exports

Agreement likely to be narrow in scope and largely an exercise in damage limitation

Also in today’s newsletter, US-UK trade deal and the colourful history of the conclave

A tax on imports is a tax on exports

Vincent Clerc says changing supply chains fast using trade war is ‘very unrealistic’

Deal with India signals progress, but Home Office still sets terms on government’s immigration strategy

World’s biggest carmaker’s forecast includes $1.25bn impact from trade levies in April and May

And making sense of Trump’s economic vision

Also in this newsletter: Ukrainian parliament to ratify minerals deal with the US

International trade and American growth have bounced back from big setbacks before

Trump’s trade crisis will answer whether the country’s corporates have saved or danced all summer