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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

Central bank chair meets US president at the White House to discuss economic expectations

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…

US Court of International Trade’s decision will not be final word but raises possibility of more measured trade policy

FT subscribers put their questions to FT experts and guests on May 28 2025