Musk’s personal appeal to Trump fails as tariff war spirals April 8, 2025 Elon Musk, the world’s richest man and a key adviser to Donald Trump, made a direct appeal to the US president over the weekend, urging him to reconsider his administration’s aggressive tariff plans. Musk’s appeal, initially reported by the Washington Post, comes as Trump threatened to impose additional tariffs, including a 50 per cent tariff [...]
UK tech startups sound alarm over US tariffs April 8, 2025 The UK’s small and medium-sized tech firms have raised concerns following President Donald Trump’s imposition of a 10 per cent tariff on British goods entering the United States. As part of a sweeping trade shift dubbed ‘Liberation Day’ by the Trump administration, these new levies have injected uncertainty over UK-US economic relations, provoking anxiety among [...]
FTSE 100: Rolls-Royce shares rebound after losing over £10bn in value April 8, 2025 Shares in Rolls-Royce have started to rebound after losing more than £10bn in value since President Donald Trump’s tariffs were announced. The Derby-headquartered group’s shares had been trading at an all-time high of 812p in the middle of March before plummeting to 635p on Monday. They have now started to rebound and are trading at [...]
Lush to pass tariffs onto US shoppers as it sinks further into the red April 8, 2025 Lush has revealed plans to open a UK hotel as it detailed its response to President Donald Trump’s tariffs amid the ethical cosmetics retailer sinking further into the red. The Dorset-headquartered company has included scant detail in its annual accounts about its plans for a new hotel but did say it is working with a [...]
How global market chaos took hold – from Asia, across Europe and into the US April 8, 2025 In what was nothing short of a horror show; global markets endured a volatile day of trading on Monday as Trump doubled down on his tariff agenda. The session began in the Asia-Pacific where, before the UK had even woken up, stock markets plummeted on a scale not seen in decades. In his ‘Liberation Day’ [...]
Trump’s trade war is a test for Starmer – I fear he’ll fail it April 8, 2025 Keir Starmer declared yesterday that we’re now living “in a completely new world.” He’s not wrong; Donald Trump has cut to shreds the established economic order and flung the pieces into the air. At this stage, where those pieces will land is anyone’s guess. So, Starmer is right to sense a moment. But what will [...]
Barclays goes ‘overweight’ FTSE 100 amid global rout April 7, 2025 Barclays strategists have upgraded their position on the FTSE 100 to ‘overweight’ in the face of the extreme rout of global stocks after Trump’s swingeing global tariffs. Despite suffering its worst two-day trading period since the pandemic, London’s blue-chip index has outperformed its international peers in recent days, falling just under 10 per cent since [...]
Tariffs: UK must pick between Europe and US, investment giant warns April 7, 2025 The chief investment officer of the largest asset manager in Europe has warned that following Donald Trump’s tariffs, the UK must decide on whether it will stay aligned to the US. “For the UK, this is a moment to wake and think about what the main axis of strategic partnership they want to have is,” [...]
Jaguar Land Rover eliminates £5bn debt pile but warns of ‘significant threat’ April 7, 2025 The boss of Jaguar Land Rover has revealed the luxury car maker has eliminated its net debt pile which totalled £5bn at its peak. Speaking alongside Sir Keir Starmer and Rachel Reeves during their visit to the Midlands, chief executive Adrian Mardell confirmed the milestone which has seen the manufacturer reduce its debt over a [...]
Musk turns on Trump amid tariff fallout April 7, 2025 Elon Musk, once one of Donald Trump’s most high profile allies, is now publicly breaking ranks with the President over a new wave of tariffs. Once lauded by Trump as a “patriot”, and trusted with a role in streamlining the federal government, Musk is now casting doubt on the administration’s economic direction, openly challenging the [...]