9 d. ago Trump's erratic tariff decisions raise concerns about his mental stability

As Donald Trump's recent tariffs continue to rock the financial markets, concerns have been raised about the US President's 'irrational' behaviour with some even dubbing him 'insane'

Politics

1 week ago ‘Completely out of touch’: golf and dinners for ‘king’ Trump as economy melts down

Casual attitude as markets fall suggests man detached from anxieties of ordinary voters – and surrounded by yes menAfter lighting a fuse under global financial markets, Donald Trump stepped back – all the way to a Florida golf course. A week later, having just caved to pressure to ease his trade tariffs, the US president defended the retreat while hosting racing car champions at the White House.Trump had spent the time in between golfing, dining with donors and making insouciant declarations such as “this is a great time to get rich”, even as the US economy melted down. Continue reading...

Politics

2 w. ago FTSE 100 Live 10 April: Index set to rebound on tariffs pause, Tesco sees lower profit

Financial markets have soared on relief at Donald Trump’s 90-day pause on most new US tariffs.

Economics

2 w. ago Spare a thought for the poor billionaires who backed Trump — and hate tariffs | Marina Hyde

As the great American self-own rages on, the super-rich are beginning to break rank. Meanwhile, Elon Musk’s gone suspiciously quietTrade Wars, Episode V: The Empire Shoots Itself in the Foot. As the world financial markets fail to appreciate his genius, tariff-excreting president Donald Trump has explained it all away by stating that “sometimes you have to take medicine”. Why am I reminded of the bit in Covid where he appeared to suggest that disinfectant could helpfully be injected into the lungs? I guess that was just science, same as this tariffs plan is just economics.Even so, can it really still be less than a week since a Wall Street Journal poll found 77% of US Republicans thought tariffs would have a positive impact? Ah well. Famously, the American people have a great tolerance for pain. If only one of their kindly gazillionare firms could come up with some sort of financial opioid epidemic to take the edge off the coming agonies.Marina Hyde is a Guardian columnist Continue ...

Politics

2 w. ago Bosses of the world's biggest banks hold urgent private talks over the financial market turmoil after Donald Trump's tariffs blitz

Chief executives from Bank of America, Barclays, Citi and HSBC Holdings are said to have discussed the scale of disruption in global financial markets during an urgent call yesterday.

Economics

2 w. 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

3 w. ago Global markets in turmoil as Trump tariffs wipe $2.5tn off Wall Street

Economists say levies of between 10% and 50% have dramatically added to the risk of a worldwide downturnGlobal financial markets have been plunged into turmoil as Donald Trump’s escalating trade war knocked trillions of dollars off the value of the world’s biggest companies and heightened fears of a US recession.As world leaders reacted to the US president’s “liberation day” tariff policies demolishing the international trading order, about $2.5tn (£1.9tn) was wiped off Wall Street and share prices in other financial centres across the globe. Continue reading...

Economics

3 w. ago Global markets in turmoil as Trump tariffs wipe $2tn off Wall Street

Economists say levies of 10-50% have dramatically added to the risk of a worldwide downturnGlobal financial markets have been plunged into turmoil as Donald Trump’s escalating trade war knocked trillions of dollars off the value of the world’s biggest companies and heightened fears of a US recession.As world leaders reacted to the US president’s “liberation day” tariff policies demolishing the international trading order, about $2tn (£1.5tn) was wiped off Wall Street and share prices in other financial centres across the globe. Continue reading...

Economics

3 w. ago Donald Trump tariffs trigger stock market meltdown as more than £24billion wiped off FTSE 100

Financial markets have been spooked by US President Donald Trump's announcement of a blanket 10% tariff on all imports to the States, and higher levies for many countries, and fears of a trade war and the risk of recession

Economics

3 w. ago The financial markets no longer believe in Donald Trump’s ‘stable genius’

Editorial: The president’s obsession with tariffs risks a repeat of the mistakes of the 1930s – and on ‘Liberation Day’, the world may pay a heavy price

Politics

3 w. ago Looming Trump tariff deadline sparks fresh fears of higher costs worldwide

Donald Trump’s tariff policy has sent ripples through the financial markets as investors assess what the impact will be on global trade.

Politics