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Recent Editions

Risk Channel
North America
Facing a July 9 tariff deadline, the Wall Street Journal reports that President Trump plans to send letters threatening new duties—up to 70%—to dozens of countries unless trade deals are reached. While his administration has touted deals with Vietnam and China, it is understood that both lack formal documentation and face disputes. Trump’s April promise of “90 deals in 90 days” has yielded only three incomplete agreements. Treasury Secretary Bessent noted the letters would offer one last chance before tariffs resume. Meanwhile, India is preparing retaliatory tariffs, and unresolved terms with China and Vietnam further complicate Trump’s push to lock in trade wins this week.
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Risk Channel
UK/Europe
Apple has filed a lawsuit against the European Commission after being fined €500m for violating the Digital Markets Act. The company argues that the Commission's decision "go far beyond what the law requires," claiming it mandates how Apple operates its App Store, which could confuse developers and harm users. Apple has recently revised its App Store rules to comply with EU regulations to avoid daily fines of 5% of its average daily worldwide revenue, approximately €50m. The EU is currently seeking feedback from app developers regarding these changes. In a related matter, Apple was previously ordered to pay Ireland €13bn in unpaid taxes after a lengthy dispute.
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