FTSE 100 stages tentative recovery after sweeping losses April 8, 2025 The UK’s blue-chip FTSE 100 opened 1.5 per cent higher this morning, recovering some of the losses recorded over the past three trading days amid the fallout of US president Donald Trump’s sweeping tariffs. Yesterday, the FTSE 100 slumped more than four per cent as global stock markets digested the effects of a potential global [...]
China vows to ‘fight to the end’ against latest Trump tariff threat April 8, 2025 Tensions between the world’s two largest economies have increased overnight as Beijing vowed to “fight to the end”, in response to a new wave of US tariffs. The statement followed a dramatic escalation by president Donald Trump, who threatened an additional 50 per cent tariff on Chinese goods, unless Beijing reverses its newly announced 34 [...]
Britain should ignore Trump’s tariffs and unleash unilateral free trade April 8, 2025 A UK conversation focused on a trade deal with the US is depressingly small-minded. The best way to beat tariffs is to lower our own barriers and trade with the world, says Tim Focas The global trade war is now an all-out economic slugfest, with Britain caught in the middle. President Trump has slapped a [...]
Trump tariffs hit big tech as stocks tumble for third session April 7, 2025 The US tech sector has been hit by newly imposed global tariffs from Donald Trump’s administration, as the president holds firm on his aggressive trade policies. The latest rounds of tariffs, which began with an initial unilateral 10 per cent tariff on a wide array of goods, sparked severe market reactions, especially among the so-called [...]
Trump threatens 100 per cent tariffs on China April 7, 2025 President Donald Trump has threatened to slap additional 50 per cent tariffs on China if it doesn’t withdraw its retaliatory measures, pushing the possible level of tariffs it faces on exports to the US to over 100 per cent. In a post on Truth Social, the US president said retaliatory Chinese tariffs on US imports [...]
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,” [...]
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 [...]
Not even Hermès and Ferrari can escape the luxury sell-off April 7, 2025 Luxury companies across the board have seen a mass stock sell-off since April 2, affecting even the strongest brands. Hermès’ share price fell more than seven per cent in early trades on April 7, and has dropped more than 13 per cent since ‘Liberation Day’. The Birkin-maker was one of the few success stories of [...]
Musk advocates for ‘effective free-trade zone’ between the US and Europe April 6, 2025 Elon Musk has voiced his support for an “effective free-trade zone” between Europe and the US, days after US President Donald Trump imposed a sweeping set of tariffs on the world. Trump placed a 20 per cent tariff on most EU goods going into America on April 2, as well as a range of tariffs [...]
Apple takes the hit as tariff shocks wipe $1 trillion off big tech April 4, 2025 Apple led a dramatic selloff in tech stocks on Thursday after president Donald Trump’s sweeping new tariffs sparked panic across Wall Street, sending the Nasdaq to its worst day in years and wiping $1 tillion off the so-called Magnificent Seven. Apple shares plunged 8.3 per cent – their steepest single day drop since the pandemic-era [...]