4 d. ago Stock markets rise as Trump backtracks on high China tariffs and firing Fed chair

Weeks of tough talk from the US president, who now says he will be ‘very nice’ to China, had rattled investors Stock markets have risen around the world after Donald Trump said his tariffs on China would come down “substantially” and he had “no intention” of firing the chair of the US central bank, Jay Powell.Weeks of tough talk on trade from White House officials have rattled investors and Trump now appears to be softening his tone. The president told reporters in Washington on Tuesday he planned to be “very nice” to China in trade talks and that tariffs could drop in both countries if they could reach a deal, adding: “It will come down substantially, but it won’t be zero.” Continue reading...

Politics

5 d. ago Trump admits China’s tariffs will drop ‘but it won’t be zero’

Trump’s massive import taxes have roiled stock markets since he announced them on April 1

Politics

5 d. ago Dow is heading for its worst April since the Great Depression as investors fear Trump’s tactics

Chief investment officer says it’s ‘impossible to commit capital to an economy that is unstable and unknowable because of policy structure’

Politics

6 d. ago US stock markets fall again as Trump calls Fed chair ‘a major loser’

President amps up attacks against Jerome Powell, pushing him to lower interest rates to offset impact of tariffsUS stock markets started falling again on Monday morning as Donald Trump continued attacks against the Federal Reserve chair, Jerome Powell, who Trump called “a major loser” for not lowering interest rates.“There can be a slowing of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW,” Trump wrote on social media. Continue reading...

Politics

7 d. ago ‘Sell America’: investors are increasingly avoiding the US – here’s what it means for Australian markets

After decades as a safe haven, Donald Trump’s economic upheaval has some traders looking to put their money elsewhere – and countries looking to decouple their economiesElection 2025 live updates: Australia federal election campaignGet our afternoon election email, free app or daily news podcastAt the same time as Australians are cutting back on plans to visit the US under Donald Trump, a new type of investment strategy designed to avoid America is fast gaining popularity.The “sell America trade”, an expression that barely existed before Trump spooked markets by unveiling his new tariff regime late on 2 April, is now a common expression among traders and appears regularly in investment notes to explain the day’s price movements. Continue reading...

Economics

9 d. ago Wall Street slashes stock market forecasts amid Trump tariff fears

Banks expect gain of just 2% for S&P 500 this year, with JPMorgan and BofA among those lowering estimates

Politics

1 week ago Wall Street banks rake in $37 billion in best performance for a decade after cashing in on Trump's stock market chaos

JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America and Citi Group this year recorded their best combined first-quarter performance in more than a decade.

Economics

1 week 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

1 week 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

2 w. ago FTSE and global markets bounce back after Trump’s tech tariff reprieve

Investors welcomed a carve-out benefiting companies such as Apple – but White House officials have downplayed the exemptions

Politics

2 w. ago ‘The sky won’t fall’: China plays down Trump tariff risks as stock markets rally

Chinese customs official says trade has diversified away from US in recent years and plays up its ‘vast domestic market’Business live – latest updatesChina has played down the risk of damage to its exports from Donald Trump’s tariffs, with an official saying the “the sky won’t fall”, as stock markets rose on Monday amid signs of a retreat on electronics restrictions.The world’s second-largest economy has diversified its trade away from the US in recent years, according to Lyu Daliang, a customs administration spokesperson, in comments reported by state-owned agency Xinhua. Continue reading...

Politics

2 w. ago Stock markets rise on signs of Trump tariff retreat; British Steel races to keep furnaces burning – business live

Chinese exports jump as official says ‘the sky won’t fall,’ despite warning from US officials that smartphone and laptop exemption from import tariffs on China will be short-livedMatt Britzman, senior equity analyst at Hargreaves Lansdown, said:Just when it seemed the tariff chaos couldn’t get any worse, tech investors have spent the weekend scrambling to make sense of a whirlwind of confusing - and at times contradictory - messages coming out of the White House. Despite the drama, European markets have taken an easing stance on US tech components as a positive in a broad-based rally this morning, with the FTSE 100 up 1.5% in early trading.This time, it’s chips, smartphones, and other tech components taking centre stage. While there were early signs on Friday night that some broad exemptions might be in play, it turns out tariffs are still very much on the table. But here’s the twist: despite the messy rollout, what’s caught investors’ attention is the news that these products won’t...

Economics

2 w. ago Tariffs live: UK suspends some tariffs to ease business tension as trade deal ‘days away’

Breakthrough between UK and the US over tariffs could be reached in the coming days

Economics

2 w. ago US stock markets expected to recover after Trump drops tariffs on mobiles

Exemption, seen as a climbdown, includes laptops and chips, and is likely to help firms such as Apple and NvidiaUS stock markets were expected to stage a recovery on Monday after Donald Trump excluded imports of smartphones and laptops from his tariff regime late on Friday night.Shares in Apple and chip maker Nvidia were on course to soar after tariffs on their products imported into the US were lifted for 90 days. Continue reading...

Politics

2 w. ago Tariffs live: US central bank threatens to step in as Trump still defends levies

President insists policy ‘doing really well’ despite China hiking tariffs on American goods to 125 per cent

Politics

2 w. ago Tariffs live: Trump insists policy ‘doing really well’ despite China hiking levies on American goods to 125%

Beijing will ignore further US action as ‘there is no possibility of market acceptance for US goods’ at current tariff level

Politics

2 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

2 w. ago Tariffs live: White House insists countries need US markets to survive as ‘phones ringing’ to make trade deals

The share markets reacted after China lifted tariffs on US goods to 125 per cent and said it would ignore any further US levy increases in the escalating trade war

Economics

2 w. ago Trump's approval rating takes a hit amid tariff war and market turmoil

Like the stock market this week, President Donald Trump 's approval rating is sliding downward.

Events

2 w. ago Trump live updates: Stock markets down again after China raises tariffs to 125% in retaliation

‘Going against the world will only lead to self-isolation,’ Chinese Premier Xi Jinping warns

Economics