President Trump pledges to introduce ore tariffs as the U.S.’s trading partners hit back against levies focused on steel and aluminium imports. A soft inflation report prompts investors to buy up the recent tech dip which eases market jitters about the health of the American economy. The U.S. deficit reached $1.15tn in the first 5 months of the American fiscal year despite DOGE’s efforts to cut government spending. We are live at the Converge Live conference in Singapore where Ferrari CEO Benedetto Vigna says he is braced for the impacts of tariffs but says the company’s customers are not yet feeling the pinch.  

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