07-12-2025 23:00 via ft.com

US widening economic divide endangers Trump’s midterm hopes

Diverging fortunes of rich and poor turn economy from an asset to a liability for US president
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Economy news



China adds domestic AI chips to official procurement list for first time
Trump to pit Hassett against trio of Fed chair finalists
US-Indonesia trade deal at risk of collapse
Trump to kick off final round of Fed chair interviews this week
Donald Trump to pit Kevin Hassett against trio of Fed chair finalists
The meaning of China’s $1tn trade surplus
Bank of England rate-setters divided ahead of decision next week
Rise in US job openings offers hope of labour market stabilisation
Why the world should worry about stablecoins
Badenoch cites Brexit as ‘shock’ to UK
Investors should look to the data, rather than the Fed, for guidance
Trump decides to let Nvidia export powerful H200 chips to China
Central bankers, let Turkey be a warning
BoJ governor says economy has weathered Trump’s tariffs
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