24 h. ago Trump insists tariff war is ‘doing really well’ as recession fears mount

S&P 500 and Dow Jones rise sharply after extraordinarily volatile week as experts warn of continued turbulenceDonald Trump insisted his trade war with much of the world was “doing really well” despite mounting fears of recession and as Beijing hit back and again hiked tariffs on US exports to China.As the US president said his aggressive tariffs strategy was “moving along quickly”, a closely watched economic survey revealed that US consumer expectations for price growth had soared to a four-decade high. Continue reading...

Politics

26 h. ago White House says there is ‘great optimism’ in the economy despite ongoing market volatility – business live

Markets pick up slightly after earlier falls amid increasing fears of recession while White House insists Trump’s tariffs are ‘proven economic formula’US stocks fall again after rally following Trump’s shock retreat on tariffsWhat are bonds and why have they spooked Donald Trump?The US dollar slumped on Friday as waning confidence in the US economy prompted investors to ditch US assets to the benefit of safe havens like the Swiss franc, yen and euro, as well as gold.The yellow metal recorded a new all-time peak in early Asia trade, and the franc notched a fresh decade high, Reuters reports.There has been a pronounced ‘sell US’ vibe flowing through broad markets and into the classic safe-haven assets, with the USD losing the safe-haven bid. Continue reading...

Economics

32 h. ago Trump was playing chicken with tariffs. Then he chickened out | Steven Greenhouse

In a second term of fiat, flubbing and flip–flopping, Trump pursued his desire to wield a club over everyone and everythingBy imposing punitively high tariffs, Donald Trump was playing a high-stakes game of chicken with America’s trading partners – but it was Trump who chickened out and suspended his tariffs just hours after they took effect. The president couldn’t ignore the worldwide economic havoc that he had caused singled-handedly – stock markets were plunging, business executives were panicking and consumers were seething.Eager to persuade manufacturers to build new plants in the US, Trump said on Monday that many of his tariffs would be permanent. But for Trump, permanent evidently meant two days. Continue reading...

Politics

39 h. ago Dollar and Treasuries sell off as Trump’s China tariffs spook investors

Scale of US levies on Chinese goods deepens recession fears

Economics

45 h. ago US risky debt funds hit by historic outflows as Trump’s tariffs shake markets

Investors rush away from junk bonds and leveraged loans on rising recession fears

Economics

3 d. ago Petrol to fall below 130p a litre within days as Trump tariffs cause oil price to plunge

Fears that Trump's new trade tariffs could trigger a global recession has sent oil prices plummeting - and drivers will benefit at the pumps.

Politics

3 d. ago London's FTSE 100 slumps again as China retaliates against Trump's tariffs

Fears of a recession escalate as US and China slug it out in hugely damaging trade war

Politics

3 d. ago London's FTSE 100 slumps again as Trump's savage tariffs come into force

Fears of a recession escalate as US and China slug it out in hugely damaging trade war

Politics

3 d. ago Trump declares 'war with the world' as his 'explosive' tariffs take effect and send FTSE down 2% amid global stock plunge triggered by 104% rate on China

The FTSE opened down 2 per cent after the President's latest round of tariffs, which have shaken a global trading order that has persisted for decades and raised fears of recession.

Events

3 d. ago London's FTSE 100 opens heavily down again as Trump's tariffs come into force

Fears of a recession escalate as US and China slug it out in hugely damaging trade war

Politics

3 d. ago Stock markets around the world slump again as Trump tariffs come into force

Fears of a recession escalate as US and China slug it out in hugely damaging trade war

Economics

4 d. ago Donald Trump tariffs crisis LIVE: London Stock Exchange opens after global markets plunge into chaos

Donald Trump is refusing to back down on his plans for crippling tariffs around the world which have already led to huge drops in stock market prices and there is fear for more chaos to come

Events

5 d. ago Trump says US in direct talks with Iran over nuclear program as he holds Oval Office meeting with Netanyahu – US politics live

President says talks to continue on Saturday and adds he and Israeli president also discussed tariffs and Israel-Gaza warEU ministers are in Luxembourg to consider the European Union’s response to Trump’s sweeping tariff regime amid continuing market turmoil and heightened fears of a global economic recession.It comes after Trump doubled down on his tariff policy in comments aboard Air Force One overnight. He said Europe “has treated us very, very badly,” and “has taken our leaders for a ride”, and declined to hold talks on changing tariffs “unless they pay us a lot of money on a yearly basis”. He also repeated criticism of Europe for not spending a fair share on Nato. Continue reading...

Politics

5 d. ago Donald Trump says he is not looking at pausing tariffs as US markets close after rocky day – business live

US president, when asked about considering a pause in global tariffs, says ‘We’re not looking at that’Trump threatens additional 50% tariffs on China over retaliatory leviesVolatility grips global stock markets as Trump insists on tariff ‘medicine’Hong Kong stocks have plummeted more than 9% at open, while Singapore stocks dropped over 7%, according to reports.Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of the widening global trade war and fears it will unleash a deep recession, Reuters says. Continue reading...

Economics

5 d. ago Rollercoaster day for global stock markets as BlackRock CEO says US ‘probably in recession’ – business live

Larry Fink says most CEOs he talked to agreed with assessment; US indexes see sharp ups and downs; UK index loses nearly 4.5% US politics live: Trump threatens China with additional tariffsVolatility grips global stock markets as Trump insists on tariff ‘medicine’Hong Kong stocks have plummeted more than 9% at open, while Singapore stocks dropped over 7%, according to reports.Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of the widening global trade war and fears it will unleash a deep recession, Reuters says. Continue reading...

Economics

5 d. ago Global recession fears as markets plunge on Trump’s tariff ‘medicine’

Banks warn of slowdown but president threatens to escalate trade war with China by imposing even higher import taxes

Economics

5 d. ago Trump threatens China with extra 50% tariffs if country fails to withdraw 34% retaliatory levies – US politics live

US president escalates trade war with China, saying all negotiations will be terminated and additional levies will take effect on WednesdayGlobal stock markets tumble over tariff ‘medicine’Wall Street falls continue – business liveWhich Trump billionaires have lost the most?EU ministers are in Luxembourg to consider the European Union’s response to Trump’s sweeping tariff regime amid continuing market turmoil and heightened fears of a global economic recession.It comes after Trump doubled down on his tariff policy in comments aboard Air Force One overnight. He said Europe “has treated us very, very badly,” and “has taken our leaders for a ride”, and declined to hold talks on changing tariffs “unless they pay us a lot of money on a yearly basis”. He also repeated criticism of Europe for not spending a fair share on Nato. Continue reading...

Politics

5 d. ago Rollercoaster for US stock markets as tariff uncertainty puts investors on edge

Wall Street shows some recovery after initial falls as Trump’s team dismiss rumours of a 90-day pause on tariffs as ‘fake news’US Politics Live: Trump says Federal Reserve should cut ratesVolatility grips global stock markets as Trump insists on tariff ‘medicine’Hong Kong stocks have plummeted more than 9% at open, while Singapore stocks dropped over 7%, according to reports.Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of the widening global trade war and fears it will unleash a deep recession, Reuters says. Continue reading...

Economics

5 d. ago Trump says Federal Reserve should cut rates; Canada initiates WTO dispute over car tariffs – US politics live

US economic council head denies tariffs were part of strategy to pressure Fed to cut interest rates; Canada says measures breach trade agreementsEU ministers are in Luxembourg to consider the European Union’s response to Trump’s sweeping tariff regime amid continuing market turmoil and heightened fears of a global economic recession.It comes after Trump doubled down on his tariff policy in comments aboard Air Force One overnight. He said Europe “has treated us very, very badly,” and “has taken our leaders for a ride”, and declined to hold talks on changing tariffs “unless they pay us a lot of money on a yearly basis”. He also repeated criticism of Europe for not spending a fair share on Nato. Continue reading...

Politics

5 d. ago What stock market fall could mean for prices, jobs, pensions, savings and mortgages

As financial markets across the world continue to react to the US tariffs announcement here is what it could mean for prices, jobs savings, pensions and interest rates

Economics