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Price of cocoa – chocolate’s key ingredient – has climbed over past year and tariffs on imports will keep prices highFor many Americans celebrating Easter, the holiday is incomplete without chocolate: chocolate bunnies and eggs, bars tucked into Easter…
President, whose tariffs has caused turmoil, said Jerome Powell is ‘always too late and wrong’ with rate policyDonald Trump early on Thursday condemned the Federal Reserve chair, Jerome Powell, for not lowering US interest rates, and expressed a wish f…
Notices show Trump administration setting stage for levies on both sectors on national security groundsThe Trump administration is kicking off investigations into imports of pharmaceuticals and semiconductors into the US as part of an attempt to impose…
Effects could tip one into recession and undermine other’s fragile economy but prospects for rapprochement are not hopelessTrump says exemptions on smartphones, electronics will be short-livedBusiness live – latest updatesSky-high tariffs that now hang…
Chinese customs official says trade has diversified away from US in recent years and plays up ‘vast domestic market’China has played down the risk of damage to its exports from Donald Trump’s tariffs, with an official saying the “sky won’t fall”, as st…
Ray Dalio’s comments come after rocky week across stock markets after policies including 145% tariff raise on ChinaPeople in the US: tell us how you think Trump’s first 100 days have gone so farBillionaire investor Ray Dalio said that he is worried the…
Lasting damage has been done not only to Trump’s political credibility but to globalisation as a systemAt the beginning of this helter-skelter week, Downing Street was declaring globalisation not only dead but a failure. Now, only five trading days lat…
It would take an ‘extraordinary deal’ for any country to improve on 10% rate, says Kevin HassettTrump’s about-face on tariffs reveals chaos at core of presidencyBusiness live – latest updatesA senior economic adviser to Donald Trump has said it would t…
Time will tell how much damage has been inflicted on the credibility of Trump’s economic policy and administrationDonald Trump’s climbdown on Wednesday from the most draconian aspects of his tariff regime has uncovered a damning picture of chaos at the…
The president’s U-turn after his maverick plan threatened meltdown has echoes of the 2022 UK crisisBusiness live – latest updatesA maverick economic policy announcement from a self-styled disruptor plunges the country’s currency into freefall and puts …