ICE set to receive more funds than the FBI, bureau of prisons and others combined, according to non-profit
Package of tax and spending cuts overcomes Republican rebellion to be approved by vote of 218 to 214
Figures show record $24.2bn raised from the levies in May but highlight potential for distortion to global trade flows
House minority leader Hakeem Jeffries sets record with speech of 8 hours and 44 minutes
Figure leads investors to scale back bets on interest rate cuts and helps push Wall Street stocks to record high
European Commission president aims for less detailed ‘a(chǎn)greement in principle’
RIP FAIT. We hardly knew ye
US president’s focus on punishing ‘trans-shipment’ of goods draws Beijing’s ire
President Lee Jae Myung says Seoul is ‘doing its utmost’ to secure an agreement
Plus car sales
Also in this newsletter: European parliament gears up for no-confidence vote in von der Leyen
Washington had limited exports of semiconductor design software in tit-for-tat over trade talks
Cash-strapped Islamabad tries to stave off trade tariffs and deepen ties with White House
US trade officials are seeking narrower deals before Trump’s tariffs come back
Billionaire hedge fund manager Ray Dalio sounds the alarm
President says Vietnamese exports to US will be subject to 20% levy
Companies that build industrial-scale wind and solar hit hardest while those in residential sector rally
US remains most lucrative market for country’s automakers despite low sales expectations after Trump trade policy
US president casts doubt that trade deal with be reached with Tokyo before July 9 deadline
Plus Medicaid and healthcare stocks
How does an industry that built and benefited from globalisation survive when its main cheerleader turns on it?
A legislative win for the president could hurt his party given the tax and spend measure’s low popularity
Landmark legislation to extend tax cuts and reduce spending on healthcare now returns to the House
Exemptions granted to the US on taxation make cross-border business even harder
Package would cut levies by $4.5tn over 10 years while slashing welfare spending and green subsidies
