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A long trade war looms. Trump’s scattershot protectionism, chaotic tariffs and belligerence against our natural allies guarantees that US trade policy will remain a hot messWe are in for a long trade war.In the months since “Liberation Day” last year, …
Government figures show unemployment rate at 4.3% amid rising inflation and economic uncertainty from Iran warUS employers added 172,000 jobs in May while the country’s unemployment rate held steady at 4.3%, a sign of a resilient labor market despite r…
British Retail Consortium figures show footfall rose in May, with consumer confidence improving after spending squeezeGreater numbers of consumers went shopping last month as spring sunshine brought welcome relief to retailers, which have faced a squee…
Business secretary to meet European counterpart on Friday as EU industry leaders worry about retaliatory measures by UKBusiness live – latest updatesThe UK business secretary, Peter Kyle, is to raise concerns about EU plans to dramatically reduce tarif…
Proposal for 10-12.5% levies, to also include EU, Taiwan, Canada and Australia, would allow US president to skirt court-imposed limitsDonald Trump has threatened tariffs of between 10% and 12.5% on 60 countries including the UK, EU and Australia over a…
Powell says central bank has been facing ‘stress test’ under Trump, as supreme court weighs decision on Fed governor that president tried to fireSign up for the Breaking News US newsletter emailJerome Powell, the former chair of the Federal Reserve, ha…
Trump’s pursuit of policies that drive up prices, including tariffs and war, might be punished in November’s electionsFor such an uncannily successful politician, Donald Trump exhibits a perplexing political myopia. His most recent own-goal was endorsi…
Inflation can be tolerated above 2% target for now ‘given context of softness in real economy’, governor saysBusiness live – latest updatesThe Bank of England is in no rush to raise interest rates while the outcome of the Iran war remains uncertain and…
Americans are growing frustrated with Trump’s handling of the economy as cost of living soars ahead of midtermsUS inflation increased at its fastest pace in three years in April, driven by higher energy prices amid the war with Iran, and cementing econ…
Alan Milburn’s landmark report says unemployment among young costs UK £125bn a year and warns of ‘lost generation’ ‘A record of failure’: what’s in first part of Milburn report?Tell us: we would like to hear from young people in the UK about their job …