2 w. ago Recession ‘absolutely’ will happen if Trump’s tariffs remain, top financial expert says

‘We will have bankruptcies of retailers of very significant magnitudes if this is allowed to continue,’ Torsten Slok says

Economics

3 w. ago Giorgia Meloni to try to act as bridge between EU and US with Trump meeting

Italian PM’s summit with US president provokes trepidation among some European allies• Europe live – latest updatesGiorgia Meloni will attempt to burnish her credentials as a possible bridge between the EU and the US during a high-stakes summit with Donald Trump in the White House on Thursday, the first European leader to meet the US president since he announced and then paused some of his planned trade tariff hikes.Italy’s far-right prime minister, who has nurtured friendly relations with Trump, arrived in Washington on Wednesday night. The pair will have lunch at 12pm local time before the meeting in the Oval office, which will be attended by a pool of White House reporters and Italian journalists. Continue reading...

Politics

3 w. ago Giorgia Meloni aiming to act as bridge between EU and US in Trump meeting

Italian PM’s summit with US president has provoked trepidation among some European allies• Europe live – latest updatesGiorgia Meloni will attempt to burnish her credentials as a possible bridge between the EU and the US during a high-stakes summit with Donald Trump in the White House on Thursday, the first European leader to meet the US president since he announced and then paused some of his planned trade tariff hikes.Italy’s far-right prime minister, who has nurtured friendly relations with Trump, arrived in Washington on Wednesday night. The pair will have lunch at 12pm local time before the meeting in the Oval Office, which will be attended by a pool of White House reporters and Italian journalists. Continue reading...

Politics

3 w. ago Donald Trump ally Marjorie Taylor Greene made huge stock market moves BEFORE tariffs were halted

Alexandria Ocasio-Cortez on warpath after it was revealed Trump devotee Marjorie Taylor Greene bought large amounts of stock just hours before president's tariff pause.

Politics

3 w. ago Marjorie Taylor Greene's huge stock buy the day before Trump's tariff U

Marjorie Taylor Greene has admitted to purchasing between tens and hundreds of thousands of dollars worth of stock the day before and the day of Donald Trump's tariff pause.

Politics

3 w. ago Companies are already adding a ‘Trump surcharge’ to bills to deal with tariff price increases

Trump’s economic approval rating has fallen since he announced blanket tariffs on most countries earlier this month

Economics

3 w. ago Inside the vast stock buying surge 18 minutes before Trump's tariff U

Minutes before President Donald Trump's tariff pause, investors made strangely prudent financial moves. 

Politics

3 w. ago ‘There isn’t an hour to lose’ – Harris says tariff pause vital for negotiations

Ireland’s deputy premier said it is important to ‘utilise’ US President Donald Trump’s 90-day tariffs pause.

Politics

3 w. ago ‘The damage is done’: Why Trump’s tariff pause has not stopped the risk of global recession

Even with a 90-day halt on aggressive tariff hikes, leading economists say uncertainty has already caused considerable harm

Events

3 w. ago FTSE 100 opens higher as Macron warns Trump tariff suspension only a ‘fragile pause’ – business live

European markets open following a mixed picture across Asia with the Nikkei showing another fallUS stocks fall again after rally following Trump’s shock retreat on tariffsLife in Shanghai, China’s commercial capital, goes on but anti-US sentiment is hardeningThe 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...

Events

3 w. ago Trump tariff suspension only a ‘fragile pause’, says Macron, as gold soars amid market jitters – business live

Nikkei plunges 5.4% but other Asian markets see mixed results as some reverse many of historic rally’s gains after US president’s tariffs reprieveUS stocks fall again after rally following Trump’s shock retreat on tariffsLife in Shanghai, China’s commercial capital, goes on but anti-US sentiment is hardeningThe 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

3 w. ago Trump has slowed his global tariff plan. Here’s what happens next and the impact on your wallet

The president caught the world – and most of his administration – off guard with his sudden announcement that he was pausing tariffs

Politics

3 w. ago The Guardian view on the tariff war pause: the Trump trade shambles is not over | Editorial

The US president blinked first, but this is just a time-out. The threat to the global economy remains real.It was Donald Trump who blinked first. Never forget that. China is unlikely to overlook its importance. A week after launching an all-out global trade war, the US president paused significant parts of it for 90 days. Having insisted that he would stick with the random tariffs he imposed on most trading nations, Mr Trump suddenly decreed that he would reduce most of them to 10%. It was a major humiliation.Yet 10% is still a significant tariff to bear for nations exporting to the US. This is also only a pause until July, not a withdrawal, so the uncertainty remains. And huge tariffs still remain on China (now hiked to 145%), Canada and Mexico (both 25%), as well as on all US imports of steel, aluminium and cars (also 25%). Mr Trump is now substituting a US-world conflict with a US-China one. The two largest economies in the world – which between them have generated around ha...

Politics

4 w. ago Stock markets tumble day after Trump’s tariff pause erasing most of the record gains seen Wednesday

After a day of historic gains, the markets tumbled as uncertainty reigns following Trump’s tariff plan pause

Economics

4 w. ago Where do the tariffs stand now? Mapping Trump’s week of market chaos

The president’s week of upheaval drew to a close after he issued a 90-day pause on ‘reciprocal’ tariffs

Politics

4 w. ago ‘The damage is done’: Why the risk of global recession remains despite Trump’s tariff pause

Even with a 90-day pause on aggressive tariff hikes, leading economists say global damage has already been done thanks to ongoing uncertainty

Events

4 w. ago The Latest: S&P 500 falls 2% at the open despite Trump’s tariff pause

U.S. stocks are giving back some of their historic gains from the day before as Wall Street weighs a global trade war that has cooled in temperature but is still threatening the economy

Politics

4 w. ago ‘We are stepping up,’ UK defence secretary tells ‘coalition of the willing’ for Ukraine – Europe live

John Healey tells meeting of more than 30 countries that coalition is working on ‘putting Ukraine in the strongest possible position’We’re getting a bit more details from EU spokesperson, Olof Gill, speaking at the commission’s press briefing right now (which, notably, got delayed by almost half an hour as that von der Leyen statement was being put out).He said:We are not going to offer any greater detail at this point about what we are not saying to the Americans beyond what we have already said.We want to negotiate, we want to talk. Continue reading...

Society

4 w. ago Irish premier welcomes EU pause on US tariff countermeasures

Taoiseach Micheal Martin said ‘we’re not out of the woods yet’.

Politics

4 w. ago EU pauses tariff retaliation for 90 days to match Trump move, holding out hope for talks

The European Union’s executive commission says it will put on hold for 90 days its retaliation measures against new U.S. tariffs to match President Donald Trump’s pause on his sweeping new tariffs and leave room for a negotiated solution

Politics