Today's essential intelligence covering international developments and European affairs. Tariff Tempest Brewing
European risk assets caught a chill after Donald Trump warned of 30 % duties on EU cars and machinery if re-elected. EU-US Tariff Chess—Round Two
Brussels is drafting a “calibrated but firm” counter-package after Trump slapped a new 15 % duty on EU steel and 10 % on autos Saturday, effective 1 Aug (El Pais).