European industry chief warns tariffs should be ‘something of the past’

• ECB’s chief economist warns of too-low inflation if rates stay high

  Philip Lane points to dangers of borrowing costs that remain ‘too high for too long’
  
  Financial Times - 2d

• Threat of Trump tariffs adds to global economic uncertainty, IMF warns

  Kristalina Georgieva says unpredictability of US trade policy is driving up borrowing costs around the world
  
  Financial Times - 4d

• Brompton chief warns axing tariffs on Chinese bicycles could ‘kill’ business

  Flood of cheaper products could hit an industry already struggling with stagnant post-pandemic demand
  
  Financial Times - 4d
• 

  Ontario leader warns of ‘pain’ for US if Trump imposes tariffs on Canada

  Premier of most populous province says rhetoric clouds trade relationship worth hundreds of billions of dollars. The United States will “feel pain” if Donald Trump doesn’t back down from his ...
  
  The Guardian - 5d

• A month before fires, L.A. fire chief warned about impact of budget cuts

  The Los Angeles Fire Department's budget was cut by $17.6 million, about 2%, this fiscal year. The fire chief warned last month it would make it harder to respond to emergencies.
  
  CBS News - 5d

• Trudeau warns that Trump's tariffs will raise prices for Americans

  Politico - 5d

• Why investors should watch the dollar as markets make sense of Trump’s tariff plans

  It had seemed like nothing could stop the U.S. dollar from marching higher. Then a headline about President-elect Donald Trump’s tariff plans landed in traders’ newsfeeds, and suddenly all bets ...
  
  MarketWatch - Jan. 8

• Nippon Steel chief warns Trump that tariffs alone will not strengthen US industry

  Eiji Hashimoto says legal action against blocking of takeover aimed at winning another review under new administration
  
  Financial Times - Jan. 7

• ATF chief warns that agency cuts could result in dire consequences

  Congressional Republicans proposed $188 million in cutbacks to the agency this year, alleging the ATF overreaches and places too many restrictions, including on pistol braces.
  
  CBS News - Jan. 4
• 

  Alcohol labels should carry cancer risk warning, U.S. surgeon general urges

  Alcohol is the third leading cause of cancer in the U.S., after tobacco and obesity, according to a new report from the U.S. surgeon general.
  
  NBC News - Jan. 3

More from Financial Times

• World Bank approves 10-year $20bn Pakistan lending package

  Move aims to support cash-strapped government while protecting against political instability
  
  Financial Times - 1h

• Indonesia unexpectedly cuts rates and lowers growth forecast

  Central bank cites need to boost economy despite rupiah losing ground to strong dollar
  
  Financial Times - 1h

• FirstFT: Germany’s economy contracts for second straight year

  Also in today’s newsletter, South Korea’s impeached president is arrested and powerful Wall Street dealmaker joins OpenAI board
  
  Financial Times - 1h

• Canada floats defence purchases and critical minerals alliance to deter Trump tariffs

  Energy minister calls trade tensions a ‘distraction’ from China’s rising economic and military power
  
  Financial Times - 2h

• Badenoch’s call for new grooming gangs probe reflects old fixations

  Tory leader raises valid concerns but her diagnosis suggests she has not looked at all the evidence
  
  Financial Times - 2h

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  Updates from around the courts at Melbourne Park Any thoughts? Get in touch with an email Aryna Sabalenka breaks Jessica Bouzas Maneiro to 30 at the first attempt but the Spaniard bounces ...
  
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  The Guardian - 24m
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  Mozambique's new president sworn in despite opposition boycott

  Yahoo News - 30m