How to make Britain great again April 10, 2025 Rejoin the customs union, poach American academics and unashamedly champion democracy – here’s how Lewis Liu would respond to Trump’s trade war… Fortunes are made in the rise and fall of empires, and it is in this particular moment – as we sadly see the great American empire shaken – that a once-in-a-century opportunity emerges [...]
Trump must decide what tariffs are for – Private equity chief April 9, 2025 President Donald Trump must decide what his sweeping tariffs are for in order to rescue markets from their ongoing collapse, a private equity chief has said. “The markets are in turmoil because they aren’t sure what we’re solving for, because the messages have been quite mixed,” Hamilton Lane co-CEO Erik Hirsch told City AM. Trump [...]
US tariffs: Reeves stresses ‘imperative’ to improve UK-EU trading relations April 9, 2025 Rachel Reeves has stressed it is “imperative” for the UK to improve its trading relationship with the European Union (EU), amid US President Donald Trump’s global trade tariff war. The Chancellor’s comments emerged in an interview with the Financial Times (FT) ahead of a crucial summit with EU leaders in London next month. Reeves told [...]
City slashes UK growth forecasts radically in wake of Trump tariffs April 9, 2025 City forecasters have radically cut UK growth forecasts as President Donald Trump’s tariffs are widely expected to cause great damage to the global economy. Markets across Europe are sliding again today after tariffs came into effect, a clear sign that economists and investors are fearing hits to profit. New research by the polling firm Consensus [...]
FTSE 100 live: Market turmoil intensifies as China retaliates April 9, 2025 The UK's blue-chip FTSE 100 slumped more than four per cent today as the global stock market rout that began at the end of last week continued.
US bond market on the verge of ‘meltdown’ as Treasury yields spike April 9, 2025 US government bonds have entered a “meltdown” as long-yield Treasuries briefly reached over five per cent last night amid market panic over Donald Trump’s tariffs. US 30-year Treasury yields spiked briefly above five per cent last night, before settling at 4.9 per cent, up from 4.45 per cent before Trump unveiled his tariffs. The last [...]
Tariffs could destabilise UK financial system, Bank of England warns April 9, 2025 President Donald Trump’s global trade war is likely to destabilise the UK’s financial system, but the Bank of England has said banks will be able to cope with the shocks. The Bank’s policymakers also warned that the break-up of global trade would lower resilience and depress growth. The Financial Policy Committee (FPC), which monitors risks [...]
Method in Trump’s madness? What economic theory teaches us about tariffs April 9, 2025 Trump's tariffs have sent the world into a frenzy but there could be method yet. Economic theory shows that tariffs reduce prices, writes Paul Ormerod.
Rolls-Royce leads defence stock rebound amid tariff turmoil April 8, 2025 Following a tumultuous period triggered by Donald Trump’s sweeping tariff announcements, London’s financial markets showed signs of recovery on Tuesday. Defence stocks, in particular, emerged as notable gainers in leading the resurgence. Tariff-driven losses Trump recently imposed a 10 per cent tariff on British goods entering the United States. As part of a sweeping trade [...]
Asos and Boohoo stick to US closures despite Trump tariffs April 8, 2025 Asos is to continue with its plan to close its distribution centre in Georgia, USA, and serve the country from Yorkshire despite the imposition of President Donald Trump’s tariffs. At the start of the year, the fast-fashion group announced plans to close its US base in another effort to boost profitability and streamline operations. The [...]