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A trade war could push up inflation when both the UK and US economies really need cheaper borrowing. So what’s a central bank to do?Monetary policymakers on both sides of the Atlantic will be considering how seriously to take Donald Trump’s threats of …
This week, Jonathan Freedland speaks to Heather Boushey, an economist and former adviser to Joe Biden, about what Donald Trump’s long game is with his trade war, and how voters will view his handling of the economy should there be a ‘Trumpcession’Send …
Canadian government says it will follow ‘dollar-by-dollar’ approach and institute 25% tariffs on US importsCanada announced retaliatory tariffs on nearly C$30bn worth of American imports after US tariffs on steel and aluminum imports went into effect o…
Dow, S&P 500 and Nasdaq all down by at least 2% and Tesla shares fall 15% for worst day since September 2020The US stock market continued to drop on Monday as the White House denied that Donald Trump’s trade policies were causing lasting chaos wit…
Stephen Moore, who contributed to Project 2025, urges Congress to pass tax cuts by Memorial DayDonald Trump’s focus on tariffs as an economic weapon is “misguided”, and the US economy is “very wobbly”, a former adviser and longtime supporter of the pre…
Donald Trump’s brinkmanship and stop-start approach to tariffs rattle investorsBusiness live – latest updatesThe risk that the US economy will enter recession this year is rising, according to economists, as Donald Trump’s chaotic approach to tariffs c…
This blog is now closed. You can read the latest story hereSecretary of state Marco Rubio has announced that USAid will cancel the majority of its programs, while the rest will be folded into the state department.Writing on X, Rubio said:After a 6 week…
President downplays recent stock market volatility that followed his ducking and weaving over tariff policyDonald Trump on Sunday refused to rule out the possibility that the US economy will head into recession this year and that inflation will rise, a…
As the US president warns of a ‘a little short-term interruption’, businesses are struggling to make decisions amid heightened uncertaintyDonald Trump declared there to be “no room left” for a deal with Canada and Mexico this week, launching a trade wa…
Officials said to be looking at whether producers have conspired to increase prices or have held back supplyThe justice department has reportedly opened an investigation into what is driving the sharp rise in egg prices, including whether top producers…