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Europe ‘will have to make itself respected’, says Emmanuel Macron

By targeting allies and neighbours with tariffs, the US is playing into the hands of China

Also in today’s newsletter, America’s corporate bosses cosy up to Musk, and Latam Airlines’ ambitious growth plan

Price increases stay above ECB’s 2% target but policymakers are confident they will reach that threshold this year

Bloc warns of ‘unnecessary economic disruption’ after US president hits China, Canada and Mexico with trade measures

The end to self-delusion?

And weak sales of big-ticket items

Also in this newsletter: Is the European Commission being too lax on member states?

Preserving the status quo on global development will not work

Quarter-point reduction forecast even as short-term inflation pressures are set to increase

Fruit, tequila and even cars could be more expensive as a result of the president’s decision

Britain is in a hole and the government is right to try to dig it out

With global trade under attack from Donald Trump, what role can the WTO play?

The new Trump administration places 25% tariffs on US neighbours; 10% on China

US secretary of state Marco Rubio says Central American nation is violating canal treaty’s neutrality clause

Experts warn aggressive trade measures against US allies will hurt consumers and disrupt supply chains

US president’s aggressive actions have kick-started a ‘Buy Canadian’ campaign across the border

Trump welcomes Netanyahu to Washington, while Starmer meets EU heads in Brussels to discuss defence co-operation

Tariffs on Canada, Mexico and China will harm America’s own economy and diplomatic power

Carmakers, food producers and construction will be worst hit and consumers across the US, Mexico and Canada could suffer