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EXPLAINED: 3 | Vintage Vibes

Swiss President Rushes To US To Avert Steep Tariffs

Switzerland's president and economy minister were due to fly to Washington on Tuesday in a last-minute push to stop steep new tariffs that have blindsided the Alpine country.

International Business Times

‘He’s elected to take appropriate action’: Trump official drops bombshell justification for controversial Brazil move

Brazil gets the Trump treatment.

We Got This Covered

Texas Democratic lawmakers rally outside Governor’s Mansion to protest redistricting of maps – as it happened

This liveblog is now closed.

The Guardian - US

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Stocks Set to Open Higher as Investors Bet on Fed Rate Cuts

September S&P 500 E-Mini futures (ESU25) are up +0.64%, and September Nasdaq 100 E-Mini futures (NQU25) are up +0.77% this morning, pointing to a higher open on Wall Street as investors placed their hopes on the Federal Reserve to step in with interest rate cuts following Friday’s weak U.S. payrolls…

Barchart

White House advisers defend Trump’s firing of official behind jobs data

Trump administration officials question data amid condemnation of dismissal of Bureau of Labor Statistics head.

Al Jazeera

Trump news at a glance: president lashes out at Schumer as officials defend his economic policies

Trump angry over confirmations delay; administration suffers bruising week of poor economic, trade and employment numbers – key US politics stories from Sunday 3 August at a glance

The Guardian - US

White House officials rush to defend Trump after shaky economic week

US trade representative says ‘the president is the president’ after firing of labor statistics chief amid slow job growth

The Guardian - US

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US Trade Advisor Says Trump Tariff Rates Unlikely To Change

New US tariff rates are "pretty much set" with little immediate room for negotiation, Donald Trump's trade advisor said in remarks aired Sunday, also defending the president's politically driven levies against Brazil.

International Business Times

Donald Trump says ‘friend’ India will be hit with 25% tariff plus penalties over its ties to Russia

New Delhi and Washington are due to resume negotiations over a trade deal next month

The Independent UK

US and China prepare to extend tariff pause after Stockholm talks

US Treasury Secretary Scott Bessent says President Trump must approve the pause before it can go ahead.

Euronews

US and China poised to extend tariff truce after failing to find resolution at talks

Trump will need to approve pause, say US representatives after negotiations end with sides failing to break deadlock on trade terms

The Guardian - UK

US and China push for breakthrough in Sweden as tariff talks enter day two

Representatives of the world’s two largest economies meet in Sweden as the expiration date for a 90‑day pause on tariffs draws near.

Euronews

Top Chinese, US trade officials huddle in Sweden for second day of thorny talks over tariffs

Chinese and U.S. trade officials were heading into a second day of meetings in the Swedish capital Tuesday to try to break a logjam over tariffs that have skewed the pivotal commercial ties between the world’s two largest economies

The Independent UK

IMF warns on risks to global economy amid tariff trade shock – as it happened

Live, rolling coverage of business, economics and financial markets as economists say ‘risks to the global economy remain firmly to the downside’ amid Donald Trump’s trade war

The Guardian - UK

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AAP

Australia steps up US trade beef as Trump claims win

Australia has criticised the US for using its size and might to disrupt international trade through tariffs, warning it will lead to firms looking elsewhere.

International Business Times

South Korea Counts On Shipbuilding To Ease US Tariff Woes

Asia's fourth largest economy South Korea is facing gruelling tariffs by US President Donald Trump, but its shipbuilding industry could prove a useful bargaining chip.

Al Jazeera

Leaders of Canada and Mexico lash out at Trump steel tariff hike

Canada’s Mark Carney calls the 50-percent tariff increase ‘illegal’, while Mexico’s Sheinbaum weighs countermeasures.

The Independent UK

US and Europe trade negotiators discuss tariffs in Paris

Europe and the United States are meeting in Paris to negotiate a settlement of a tense tariff spat with global economic ramifications between two global economic powerhouses

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Al Jazeera

Trump says China’s Xi ‘hard to make a deal with’ amid trade dispute

Growing strains in US-China relations over implementation of agreement to roll back tariffs and trade restrictions.

Evening Standard

PMQs: Keir Starmer trumpets UK as 'only country in world' spared Donald Trump's 50% steel tariff

Gareth Stace, the director general of UK Steel, said that Donald Trump’s decision is a ‘welcome pause’

The Independent UK

Steel industry welcomes 25% tariffs but warns ‘uncertainty remains’

Gareth Stace, the director general of UK Steel, said that Mr Trump’s decision is a ‘welcome pause’.

The Guardian - UK

UK-US trade deal could come into effect in ‘a couple of weeks’, Starmer says

Prime minister’s comments come after White House signals Britain will be spared 50% steel and aluminium tariffs

The Independent UK

Trump is ‘obsessed’ about having a call with China’s Xi this week to hammer out trade deal, insiders reveal

A person familiar with the matter reportedly said the administration is “under a lot of pressure” following China’s critical minerals blockade

The Independent UK

UK’s steel industry spared Trump’s new 50 per cent tariffs – but exemption deal still not in place

US president decides to ‘provide different treatment’ to UK after deal struck last month

Evening Standard

UK appears to have been spared immediate hit of Trump’s 50% steel tariffs

The US President has decided to ‘provide different treatment’ to the UK after a deal that was struck between Washington and London last month.

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