5 h. ago Trump tariffs will send global trade into reverse this year, warns WTO

World Trade Organization says trade between US and China is expected to plunge by 81% in ‘decoupling’Donald Trump’s tariffs will send international trade into reverse this year, depressing global economic growth, the World Trade Organization has warned.In its latest snapshot of the global trading system, the Geneva-based institution says it had previously expected goods trade to expand by a healthy 2.7% this year. As a result of Washington’s trade policy, it is now forecasting a 0.2% decline. Continue reading...

Events

6 h. ago Trump says Harvard should no longer receive federal funds as university pushes back – US politics live

President doubles down on cutting public funding for leading US university in fresh social media rantDonald Trump has gone on yet another rant about Harvard University on his social media platform Truth Social this morning.It comes as the US education department said it was freezing about $2.3bn in federal funds to the Ivy League school.Everyone knows that Harvard has “lost its way.” They hired, from New York (Bill D) and Chicago (Lori L), at ridiculously high salaries/fees, two of the WORST and MOST INCOMPETENT mayors in the history of our Country, to “teach” municipal management and government.These two Radical Left fools left behind two cities that will take years to recover from their incompetence and evil. Harvard has been hiring almost all woke, Radical Left, idiots and “birdbrains” who are only capable of teaching FAILURE to students and so-called “future leaders.” Continue reading...

Politics

6 h. ago JPMorgan CEO Jamie Dimon warns US could lose credibility over Trump trade war

JPMorgan CEO says no country has ‘divine right to success’ in latest caution to president

Events

19 h. ago Venture Global debt deal wakes US junk bond market from tariff slumber

Upsized offering from energy group ends two-week high-yield bond drought triggered by Trump trade war

Economics

25 h. ago Trump trade war could challenge US credibility, says Jamie Dimon

JPMorgan chief tells the FT that Washington and Beijing ‘should engage’ as tariffs escalate

Politics

28 h. ago Trump’s tech tariffs are total chaos – and everyone’s paying the price

From iPhone airlifts to Nintendo delays, Trump’s trade war has thrown the tech world into confusionHello, and welcome to TechScape. Today’s news: Donald Trump’s tariffs spread confusion like a germ, tech takes two kinds of environmental tolls, Meta faces an antitrust trial, and I’ve been watching two excellent pieces of serialized fiction on Instagram and TikTok.OpenAI countersues Elon Musk over ‘unlawful harassment’ of companyFederal workers fear Musk’s ‘efficiency’ agency is using AI to spy on them: ‘They are omnipresent’ Continue reading...

Economics

29 h. ago Donald Trump's trade war tariffs slammed by France for unleashing 'tsunami of destabilisation'

French Prime Minister Francois Bayrou hit out at Trump’s America for going ‘over to the side of the aggressors’

Politics

29 h. ago ‘Shock to the system’: farmers hit by Trump’s tariffs and cuts say they need another bailout

With extreme weather and Trump’s looming trade war, US farmers are reeling and resigned to needing another bailoutFarmers across the United States say they could face financial ruin – unless there is a huge taxpayer funded bail out to compensate for losses generated by Donald Trump’s sweeping cuts and chaotic tariffs.Small- and medium-sized farms were already struggling amid worsening climate shocks and volatile commodities markets, on top of being squeezed by large corporations that dominate the supply chain. Continue reading...

Events

42 h. ago UK consumers plan to ‘buy British’ as Trump’s trade war bites

More than 70% of people said they intend to support UK businesses

Politics

49 h. ago Leda Braga’s Systematica suffers as Trump’s trade war hits quant hedge funds

Sharp market reversals have wrongfooted many computer-driven traders betting on market trends

Events

50 h. ago Top economist urges Reeves to raise basic rate of income tax for first time in 50 years

Institute for Fiscal Studies boss Paul Johnson warned Donald Trump’s trade war is ‘badly buffeting’ the UK economy

Economics

51 h. ago Trump says he's prepping for 'war' with China as he takes HUGE economic gamble angering Xi Jinping

President Donald Trump gave another justification for his tariff hikes.

Politics

56 h. ago What does China really think of Trump? That he and vengeful chairman Mao would have got on well | Tania Branigan

Many see parallels with the architect of the Cultural Revolution. Both relished disruption and have exploited the power of the mobWhen rare protests flared in China in 2022, one slogan read: “We want reform, not a Cultural Revolution.” It alluded to complaints that the country’s leader, Xi Jinping, was behaving in an increasingly Mao-esque manner. His extraordinary dominance over his party, political repression, tight social controls and burgeoning personality cult all lent themselves to comparison with the man who ruled China for decades.Yet Xi is committed to order and discipline, exerting authority through the organs of the Communist party. Mao Zedong relished disruption and turned to the power of the masses. That’s why, increasingly, many in China are comparing Mao to another modern-day leader. Despite the ferocity of Donald Trump’s trade war, they are perhaps just as shocked by what he is doing to his own country. They see a proud nation felled not by an external threat, but by...

Politics

64 h. ago Xi warns ‘no winners’ from Trump trade war as he heads to Vietnam

Chinese leader seeks to strengthen ties with export-dependent economies facing high US levies

Events

68 h. ago Trump says there will be NO tariff exemptions in dramatic reversal that'll hit Americans hard

President Donald Trump blasted China in a social media post on Sunday where he said there were no tariff exemptions after electronics were not included in a notice on Friday.

Events

3 d. ago UK and G7 allies look at lowering ‘meaningless’ cap on Russian oil exports

Limit of $100 a barrel said to be ineffective with the price of crude having crashed in response to Trump’s trade warThe UK and its G7 allies are considering tightening the “meaningless” cap on Russian oil export prices after Donald Trump’s trade war caused global oil markets to crash.UK Treasury officials are understood to be looking at plans to lower the $60 (£46) a barrel cap Russianexports after the oil market plunged this week to $59.77 a barrel for the first time in more than four years. Continue reading...

Politics

3 d. ago UK suspends import tariffs to ease strain for British businesses

Levies cut on 89 products to support domestic companies against Trump’s trade war

Economics

3 d. ago Trump’s trade war with China shows no signs of slowing even with phones and electronics being exempted: Live

Electronics exemption to Trump’s tariffs will benefit high-tech companies such as Apple and Tesla

Politics

3 d. ago Price hike on Shein? How Trump tariffs could shift the US’s love of fast fashion

Trump ended the ‘de-minimis’ rule while launching a trade war with China – which will make retail giants such as Temu more expensive, experts sayAfter a chaotic week of flip-flopping tariff policies, cheap clothes from China are nearly certain to face a steep price hike soon – prompting concern among fast fashion retailers and potentially pushing consumers to look for other alternatives.As part of a package of global tariff policies announced on “liberation day” last week, Donald Trump signed an executive order that ended a duty-free exemption for low-priced goods to enter the US from China and Hong Kong. Known as the “de-minimis” rule, packages under $800 do not qualify for any taxes or tariffs on the goods and are inspected minimally at the border. Continue reading...

Politics

3 d. ago Trump’s China trade war a ‘boon’ for Brazil but sends US farmers reeling

Latin America’s largest economy is poised to extend its lead as China’s top food supplier

Politics