Also in this newsletter: Brussels strains to lower the Russian oil price cap
Plus, Spacs make a comeback and UBS trials AI analyst avatars
Trump’s commerce secretary will not pay any immediate tax on the gains as he also shifts Cantor ownership to a trust
Deal on third leg of Trump Gulf tour hailed as ‘major milestone’ on road to American ‘dominance’ in the field
Vehicle backed by son of US commerce secretary comes as investors hope for more favourable policy on digital currency
US president says products given reprieve will fall under separate regime
Treasury secretary rejects recession fears and says tough ‘reciprocal’ levies will not be delayed
Commerce secretary urges officials to consider Trump adviser’s satellite connection for rural households
Britain’s digital services tax set to remain point of dispute at Washington meeting
Move expands one-month carve-out for car imports to all USMCA-compliant goods with possibility of longer reprieve
Trump expected to announce decision on potential relief from Canada and Mexico levies on Wednesday
Commerce secretary Howard Lutnick says levies will take effect on Tuesday but Trump is still deciding rates
Howard Lutnick says ‘none’ of the sector’s big players pay taxes
Billionaire entrepreneur expected to be confirmed after senate hearing
Who will set US trade policy?
SEC case alleges that firm run by Trump adviser had made misleading statements in run-up to two offerings
Also in today’s newsletter, ‘We’re in a very, very dangerous world right now,’ warns Republican stalwart senator Mitch McConnell
Howard Lutnick has defended the stablecoin company which has been used by gangs and US adversaries
Business and financial interests will be hard to disentangle from government in new administration, critics charge
Scott Bessent prevailed after a fierce battle for influence inside the president-elect’s court
Cantor Fitzgerald boss to also have ‘direct responsibility’ for the office of the US trade representative
Plus, Chinese ambassador to the US struggles to connect with president-elect’s inner circle
Wall Street factions fight for top economic post in president-elect’s cabinet
President-elect’s top economic appointment has kicked off fierce lobbying among loyalists
Tesla boss publicly lobbies Trump to choose Cantor Fitzgerald boss over Scott Bessent in key economic role
