The Financial Times brings you unrivalled global perspectives on the nuances of Donald Trump’s trade war. Our expert reporters, editors, columnists and award-winning data analysts deliver rapid news, in-depth analysis and insightful commentary on political, economic and market developments. Read it first here.

The decision is a major setback for President Trump, who responded by imposing a 10 percent global tariff after lashing out at the justices who ruled against him. Trade deals his administration has struck with countries around the world are now in question.

ABC News’ Andrew Dymburt breaks down what the Supreme Court ruling means for American consumers and their wallets.

In Washington, Josh Hawley, Missouri’s senior senator and one of Trump’s strongest supporters, has warned the AI revolution is “working against the working man, his liberty and his worth”. He has introduced federal legislation that would force AI companies to verify users’ ages and ban them from providing virtual “companions” to minors.