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Trump criticises ‘spoiled’ Tokyo over trade deficit ahead of tariff deadline

Agreement would be among first reached since Donald Trump launched ‘liberation day’ tariffs in April

President’s 90-day pause on reciprocal levies expires on July 9

Latin America’s top economies in talks to build on existing agreement

Referendum looms on single market deal that includes concessions on money, migration and judicial power

The government could use this moment of stability to rally people around reforms that tackle structural issues

Also in this newsletter, Amazon rolls out diagnostics services in India, and JSW buys AkzoNobel’s India business

Price increases in June hit highest rate in more than a year, according to British Retail Consortium

Structural shifts such as AI and geopolitical fragmentation make world more volatile, says central bank

Member states will be expected to lift import bans on Kyiv’s produce

Donald Trump’s trade policies and rising debt levels have sparked decline of more than 10% in first half of 2025

Political will cannot be magicked into existence by replacing the WTO

Also in today’s newsletter, Canada scraps tech tax and Wimbledon returns

Rising wages in the first quarter were offset by increases in tax and inflation

Factory contraction highlights pressure on policymakers to boost domestic demand amid trade war

Also in this newsletter: Could late entrants to the Eurogroup race take Paschal Donohoe’s crown?

US president described levy as ‘direct and blatant’ attack on the country

Additional customs inspections cause long delays that threaten to disrupt global supply chains

Barges and container ships face unusually long waits at major hubs with problems expected to last several months

Once ascendant online retailers are shifting focus to Europe as US-China trade dispute takes a heavy toll