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Trump slaps 25% tariffs on Japan and South Korea—and Wall Street stumbles
U.S. stock markets reacted negatively on Monday after President Trump announced via social media that he would unilaterally impose 25% trade tariffs on Japan and South Korea. The tariffs target two of America’s closest allies and key suppliers of...
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Russian transport minister fired by Putin ‘dies by suicide’
Stay informed with free updatesSimply sign up to the War in Ukraine myFT Digest -- delivered directly to your inbox.Russia’s Investigative Committee said on Monday that the country’s transport minister Roman Starovoyt, 53, had died from a suspected suicide,...
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The fireworks between D.C. and Silicon Valley are just starting
Happy Monday, Fortune Tech Editor Alexei Oreskovic here today, pinch-hitting for Leo. As Americans celebrated a long Independence Day weekend, they were treated to a few noteworthy displays of festivity and fireworks in the ever-fascinating relationship between Silicon Valley...
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Donald Trump threatens extra 10% tariff over ‘anti-American’ Brics policies
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump has warned that any country embracing the “anti-American policies” of the Brics bloc of nations will face...
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Dow futures fall as Trump officials signal limited breathing room before tariffs ‘boomerang back’
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A new deadline is emerging as President Donald Trump’s 90-day pause on his reciprocal tariffs is about to expire. While markets expected an extension ahead of the July 9 end to the tariff reprieve, administration officials signaled only a...
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Musk forms the America Party and Sam Altman backs ‘techno-capitalism’ as crumbling economic consensus gives way to rival visions
Jason Ma -
The so-called Washington consensus that touted the benefits of free trade and fiscal discipline looks headed for the dustbin of history.That’s as President Donald Trump has launched a stunning trade war and pushed through a tax-and-spending bill with Republican...
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Benjamin Netanyahu and Donald Trump to discuss new Gaza deal at White House
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldBenjamin Netanyahu said he hoped a meeting with US President Donald Trump would push forward a deal to release...
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Red Sea ship hit by multiple assaults in apparent step-up in Houthi tactics
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The crew of a Greek-owned cargo ship was forced to abandon the vessel in the Red Sea on Sunday after the...
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Search for 27 missing girls plows forward after flash flood kills at least 51 people in Texas
The grueling, desperate search for 27 missing girls stretched into a third day on Sunday after raging floodwaters surged into a summer camp as rescuers maneuvered through challenging terrain, while Texans were asked to pray that any survivors would be found.At...
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‘Big’ legislative package shifts more of SNAP’s costs to states, saving federal dollars but causing fewer Americans to get help paying for food
The legislative package that President Donald Trump signed into law on July 4, 2025, has several provisions that will shrink the safety net, including the Supplemental Nutrition Assistance Program, long known as food stamps. SNAP...
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US tariffs: Goods from Japan and South Korea hit with 25% levy
The US plans to impose a 25% tax on products entering the country from South Korea and Japan on...
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