Friday's News Links

[CNBC] Stock futures fall after Trump unveils 35% tariffs on Canada starting Aug 1: Live updates

[Yahoo/Bloomberg] Silver Rises to Highest Since 2011 as US Premiums Grow

[Yahoo/Bloomberg] Oil Swings With Focus on Trump’s Plan for Russia, Saudi Output

[AP] Trump’s 35% Canada tariff plan deepens a rift between the neighbors

[Yahoo/Bloomberg] Markets Embolden Trump on Tariffs, Stoking Fear of Overreach

[Axios] Wall Street may be enabling tariff policy

[Axios] "Not amnesty lite": Trump's new plan for migrant worker visas

[Reuters] Rubio meets China's Wang amid trade tensions, says good chance of Trump-Xi talks

[Yahoo/Bloomberg] PBOC Adviser Urges $209 Billion Stimulus to Counter US Tariffs

[Yahoo/Reuters] Chinese banks stumble on Beijing's consumer lending push

[Reuters] UK economy shrinks again in May, raising new worries over outlook

[Politico] France warns of ‘extremely worrying’ Russian activity underwater and in space

[Bloomberg] Trump Threatens 35% Canada Tariff, Floats Higher Global Rate

[Bloomberg] Trump’s 35% Tariff Bulldozer Tests Carney’s Strategy of Avoiding Conflict

[Bloomberg] Dudley: Three Reasons the Fed Will Stand Pat on Interest Rates

[Bloomberg] How US Universities Became So Vulnerable to Government Threats

[Bloomberg] In Ominous Sign, Sellers Are Vanishing as US Stocks Smash Record

[NYT] Are Investors Too Complacent About Tariffs and Rates Uncertainty?

[NYT] Trump’s Seesawing on Tariffs Gives the World Whiplash

[WSJ] Trump Doubles Down on Using Tariffs as Tool of American Power

[WSJ] Trump Threatens 35% Tariff on Some Canadian Goods

[WSJ] Trump’s Unsung Economic Booster: Deregulation

[WSJ] Taiwan Resists China With Military Displays and History Lessons

[FT] Donald Trump threatens new tariffs on Canada

[FT] The return of ‘tariff man’: the week Donald Trump revived the global trade war

[FT] Tett: Trump is sowing confusion in the markets

[FT] How Greece came back from the brink

[FT] US needs to prepare markets for the risk of a Chinese invasion of Taiwan

Thursday Evening Links

[CNBC] Stock futures fall after Trump unveils 35% tariffs on Canada starting Aug 1: Live updates

[AP] White House escalates pressure campaign on Fed chair by targeting its headquarters renovation

[CNBC] White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

[Yahoo/Bloomberg] All Eyes on Bolsonaro With Lula, Trump Locked in Trade Fight

[Yahoo/Reuters] White House slams Powell over Fed finances, project cost overruns

[Yahoo/Bloomberg] Bessent Says Trump and Soros Have Something in Common: Impatience

[Yahoo/Reuters] Trump tariff on Brazilian goods could jack up US burger price

[Bloomberg] White House’s Vought Pressures Powell Over Fed Renovation

[Bloomberg] LA Fires ‘Fundamentally Changed’ the Region’s Real Estate Market, Agents Say

[Bloomberg] JPMorgan’s Oksana Aronov Sees More Junk Firms Struggling to Repay Debts

[NYT] Targeting Brazil, Trump Tests Legal Limit of His Tariff Powers

[NYT] Looming Copper Tariffs Leave Companies Scrambling: ‘Prices Will Go Up’

[WSJ] Trump’s Tariffs Blow Up the Copper Market

[FT] White House opens new front in attack on Fed chief Jay Powell

Thursday Afternoon Links

[AP] Wall Street is mostly higher and airlines surge on a stronger outlook from Delta 

[Yahoo/Reuters] Red Sea insurance soars after deadly Houthi ship attacks

[Bloomberg] Electric Bills in US Set to Rise as Utility Requests for Rate Hikes Double 

[Bloomberg] Fed’s Musalem Says It’s Too Soon to Know Tariffs’ Impact on Inflation

[Reuters] Fed's Waller sees some ways to go in shrinking central bank's holdings

[Bloomberg] CLOs Attract Domestic, Foreign Banks, Pushing Up Loan Prices

[Bloomberg] US Sees 33% Drop in Car Trips by Canadians as Summer Travel Starts

[Bloomberg] BOE’s Breeden Warns G-7 Bond Prices at Risk from Climate Change

[Bloomberg] Private Credit Firms Pitch More Leverage to Win Over Deals

[NYT] Trump’s Push for Influence Over Fed Decisions May Hobble Next Chair

[WSJ] Trump’s Tariff Assault on Brazil Thrills Bolsonaro’s Supporters

[WSJ] Two Ships Desperately Tried to Fight Off Houthi Attacks. Help Never Arrived.

[WSJ] A Flash Flood of Failures in Texas

[FT] Russia is digging in for the long haul in Ukraine