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Trump resumes hardball tariff posture with higher rates

President Donald Trump said the US would impose 25% blanket tariffs on imports from Japan and South Korea, effectively imposing “Liberation Day” rates on two major trading partners.
White House Press Secretary Karoline Leavitt shows a signed letter on tariffs from U.S. President Donald Trump to South Korean President Lee Jae Myung.Evelyn Hockstein/Reuters

US trade wars breed jingoism worldwide

Trump’s trade deals are so far light and fraught, as leaders around the world, managing their own voters, are pushing back.
India’s Prime Minister Modi.Iakovos Hatzistavrou/Pool via Reuters

The death of American equities? Not so fast.

There is little evidence in the stock market that American exceptionalism is dead.
US President Donald Trump.Nathan Howard/Reuters

The US dollar is on track for its worst year in modern history

The greenback is down more than 7% this year, and Morgan Stanley predicts it could fall another 10%.
Monitors displaying the current Japanese Yen exchange rate against the US dollar.Kim Kyung-Hoon/File Photo/Reuters

US hiring remains steady, beating expectations

Employers added 147,000 jobs in June, while unemployment fell to 4.1%, the Labor Department reported, suggesting a resilient economy despite uncertainty over trade and fiscal policy.
People wait on line for a job fair Mike Segar/Reuters

Analysis projects $82.3B tariff hit to US firms

The JPMorganChase Institute found that midsize US firms can expect to pay $2,080 more per employee at current tariff rates, amounting to a 3% payroll hike.
A truck driver works in front of shipping containers stacked up at Pusan Newport Terminal in Busan.Kim Hong-Ji/Reuters

‘We’re in a hurry, OK?’: How Athene’s new CEO leads a hard-charging insurer

The Apollo-backed group’s new CEO looks for people who can make decisions quickly — and not look back.

Autodesk’s Andrew Anagnost on surviving an activist attack

The design software CEO says resolving an investor standoff starts with admitting which critiques are fair.

Trump announces trade deal with Vietnam as tariff pause deadline looms

Hanoi agreed to pay export duties ranging from 20-40% on goods to the US, while Washington will pay nothing to import to Vietnam, Trump said.

Global Tesla sales fall sharply in second quarter, continuing months of decline

Growing competition in the electric vehicle sector and CEO Elon Musk’s political forays have eroded the company’s market dominance.

Consumer perception of Tesla plummets among both Democrats and Republicans: survey

New data from EV Intelligence shows Tesla’s popularity tanking with Republicans, who are 11 percentage points less likely to buy one than they were in April.

Call-center software maker Verint seeks buyers in AI dealmaking test

Verint’s stock is down about 20% year-to-date, despite efforts to position itself to the market as an AI-forward company.

Fed’s Powell says tariff hit to consumers likely coming this summer

The central banker’s remarks reflect a consensus among many economists that Donald Trump’s tariffs will raise prices.

Unilever cuts off funding for Ben & Jerry’s foundation amid tensions over Gaza, audit

The conglomerate is preparing to spin off its ice cream business later this year.

German inflation falls unexpectedly, hitting ECB target

Inflation across Europe appears to be easing, but analysts warned that price volatility remains likely in the long term.

Trump’s tax and spending bill amplifies US debt fears

The One Big Beautiful Bill Act is forecast to increase the deficit by a further $3.3 trillion over a decade.

‘Central bank of central banks’ warns of rising inflation risks

The Switzerland-based Bank for International Settlements noted in a new report that consumers across the globe expect steep price increases in the next year.

World powers scramble to secure US trade deals

US President Donald Trump’s pause on his ‘Liberation Day’ tariffs ends July 9.