3 h. ago Trump’s ‘Liberation Day’ could mean recession in the US and pain worldwide | Steven Greenhouse

The US president’s tariffs are vengeful and impetuous – and will have immense costs with no clear goalWith the huge and painful tariffs that Donald Trump announced on Thursday, “Tariff Man” is acting like a paranoid 12-year-old bully who is convinced that everyone has wronged him, and he wants revenge. But the president’s instrument of revenge – massive tariffs – is going to do serious damage to the US and global economies. Stock market investors are convinced that’s the case, with Wall Street and world stock markets losing trillions of dollars in value in recent days as a result of Trump’s obsession.The president has escalated his risky, vengeful trade war even though the US economy was in strong shape when he took office – the jobless rate was just 4.1%, inflation was below 3% and US economic growth was the strongest in the industrial world, with its stock market at record levels. So it’s unclear whether the US economy needed the shock treatment that Trump is inflicting. The price...

Politics

15 h. ago Retirees keep their eyes on the economy as Trump's tariffs roil financial markets

With financial markets roiling as President Donald Trump unveiled his latest tariffs this week, the economy has been top of mind for many retirees

Economics

40 h. ago Fox host fumes about media focusing on economic ‘pain’ of Trump’s tariffs: ‘It’s mind

‘It’s the art of the deal meets the art of trade war,’ Charles Payne said during his Fox Business show on Thursday afternoon

Economics

44 h. ago What will Trump do when his tariffs backfire? | Nils Pratley

The US president’s tariffs are almost certain to have dire consequences and he is not impervious to market decline or public opinionSo much for the idea that “liberation day” would free financial markets from their fear of the unknown. Publication of precise tariff rates, went a cheerful line of advance thinking, would at least allow investors to assess the probable trade effects on the basis of hard information. True optimists clung to the idea that Donald Trump would not wish to risk a truly severe market reaction.That narrative was blown apart when the president reached for his pub-style display of wares. This really was a case of going back to the tariffs rates of the 1920s or 1930s. Not even the penguins of Heard Island and the McDonald Islands were spared. Continue reading...

Politics

59 h. ago ‘War’ and ‘pain’: what the papers say about Donald Trump’s trade tariffs

The US president has announced new taxes on imports to the US starting at a baseline of 10% – here is the front-page reaction in BritainDonald Trump’s tariff “day of liberation” arrived with the US president imposing markups on imports while accusing other nations, including allies, of “looting, pillaging, raping and plundering” the US.The UK got off relatively lightly with the basic 10%. Here is how major British newspapers see it. Continue reading...

Politics

3 d. ago World braces for economic pain as White House confirms Trump will go ahead with tariffs

Tariffs will take effect immediately but precise details are yet to be unveiled

Economics

6 d. ago Fox News host Jesse Watters suggests US ‘may have to burn a bridge’ with Denmark over Greenland

Fox News host Jesse Watters has suggested the US 'may have to burn a bridge' with Denmark in order to claim Greenland, after vice president JD Vance visited the Danish territory on Friday.

Events

6 d. ago Fox News host Jessie Watters suggests US ‘may have to burn a bridge’ with Denmark over Greenland

Fox News host Jesse Watters has suggested the US 'may have to burn a bridge' with Denmark in order to claim Greenland, after vice president JD Vance visited the Danish territory on Friday.

Events

8 d. ago China looks south as it seeks to reduce reliance on a capricious United States

China wants to protect against the volatility of Trump’s tariffs, and now has more than a dozen free trade agreements with global south countriesChinese vice-premier Ding Xuexiang has pledged to give stronger policy support to the Chinese economy as he delivered the keynote speech at a forum focused on bolstering the country’s role in Asia and ties with the global south.With the tariffs on Chinese goods mounting, China is trying to find a foundation for growth that does not rely on an increasingly capricious United States. At the Boao Forum for Asia, a conference in south China’s Hainan province, Chinese officials and academics stressed the need for partnerships with global south countries. Despite its rapid economic growth in the past three decades, China still identifies as being part of this group. Continue reading...

Politics

8 d. ago Pete Hegseth’s Arabic tattoo stirs controversy: ‘clear symbol of Islamophobia’

Critics say US defense secretary’s tattoo of the word kafir, meaning ‘infidel’ or ‘non-believer’ could offend MuslimsThe US secretary of defense Pete Hegseth has a tattoo that appears to read “infidel” or “non-believer” in Arabic, according to recently posted photos on his social media account.In photos posted on Tuesday on X, the Fox News host turned US defense secretary had what appears to be a tattoo that says “kafir”, an Arabic term used within Islam to describe an unbeliever. Hegseth appears to have also had the tattoo in another Instagram photo posted in July 2024. Continue reading...

Politics

9 d. ago German newspaper boasts it tracked down private data of top US security officials

A German newspaper is boasting it has accessed personal data and contact information online, even passwords, for some of America’s top security officials, including Defense Secretary and former Fox News host Pete Hegseth.

Politics

9 d. ago Team Trump picks a fight over the Signal chat. Republicans play ignorant

Analysis: Republicans who risked their credibility to get Fox News host Pete Hegseth over the finish line now have to deal with the fallout from the Signal scandal, Eric Garcia writes

Politics

1 week ago Jesse Watters says security breach is no worse than adding your aunt to a group about ‘raunchy plans for the bachelor party’

Fox News host downplayed the potential security breach of a journalist accidentally being added to a group chat with national security cabinet members

Events

1 week ago Desperate Fox News goes into furious spin mode to downplay Yemen war plans leak

‘I think you will come away proud that these are the leaders making these decisions in America,’ Fox News host Will Cain said about the Trump officials who accidentally invited a journalist into an unclassified group chat discussing war plans

Events

1 week ago Social media goes ballistic over Hegseth chat accidentally sharing secret Houthi bomb plans with journalist

Social media critics could scarcely believe their eyes when they read that Donald Trump’s inexperienced Defense Secretary and former Fox News host Pete Hegseth discussed secret airstrke plans against Houthis in Yemen earlier this month in a group chat that accidentally included a prominent journalist.

Events

2 w. ago 'What a mess': Incredulous US anchors from Fox News and CNN ridicule Britain amid Heathrow chaos and ask 'how did single substation take out such a critical airport'?

Fox and Friends host Ainsley Earhardt said from: 'What a mess, Friday and Spring Break.' And reporter Greg Palkot, on the ground at Heathrow, replied: 'You got it right, what a mess is correct.'

Society

2 w. ago Black farmers face setbacks over Trump budget cuts: ‘We are in survival mode’

A consortium of Black farmers in the north-east take financial hits as harsh USDA cuts threaten their operationsFor the last several weeks, Jocelyn Germany has been asking herself “is it safe for us to exist” as Black farmers?, since US Department of Agriculture cuts have put her work in jeopardy.Germany is the farmer advocate of Farm School NYC (FSNYC), an urban agriculture education center focused on food sovereignty and social, economic and racial justice. Around 85% of Farm School NYC’s funding comes from the US Department of Agriculture (USDA). Continue reading...

Events

2 w. ago Jesse Watters mocked over his five ‘rules for men’ where leg crossing and milkshakes are banned

The Fox News host was responding to Minnesota Gov. Tim Walz’s claim on Gavin Newsom’s podcast that MAGA focused on his masculinity ‘obsessively’

Events

2 w. ago Tucker Carlson reveals the only person he thinks can replace Trump in 2028

Former Fox News host says J.D. Vance is the ‘only person in the entire Republican Party ... capable of carrying on the Trump legacy’

Politics

2 w. ago Fox host complains that plunging stock market and recession fears are a ‘media creation’

‘The media has gone to war with President Trump to make tariffs the scariest thing in the world,’ Charles Payne fumed on Tuesday

Economics