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The Latest Breaking News from Adam Posen

Trump’s tariff battle with China has ‘echoes of the Vietnam war’, US economist says

Adam Posen, former Bank of England policymaker, compared the tactics to Johnson and Nixon refusing to back down

The Guardian - UK

Trump Tariffs Could Hit Pockets Of Consumers, Retailers Urge Customers To Shore Up Purchases: Experts Warn A Stronger Dollar Might Still Not Make Up For Deficit

Trump recently declared his intention to impose a 25% tariff on goods from Mexico and Canada, citing border security concerns.

Benzinga

Trump's Tariff Plan Could Cost American Consumers up to $78 Billion in Annual Spending, Study Reveals

A report from the National Retail Federation (NRF) says the proposed tariffs would mainly impact consumer product categories

Latin Times

From analysis to the latest developments in health,
read the most diverse news in one place.

Pounded: Sterling heads to worst month for a year

THE pound remained under intense selling pressure today as global investors backed the dollar leaving sterling on track for its worst month since Liz Truss’s disastrous mini-budget a year ago.

Evening Standard

UK economy ‘will shrink for two years as eurozone and US grow’

Thinktank chief and former Bank MPC member gloomy about stubborn inflation and labour shortages

The Guardian - UK

China is too big for a Soviet Union-style collapse, but it’s on shaky ground

With its growth slowing, China’s future is uncertain. We should be grateful if the change is not sudden

The Guardian - UK

Putin and Xi are the Laurel and Hardy of statesmen – but it’s no laughing matter

China’s paramount leader, like his Russian counterpart, is making a fine mess of his country’s economy and world standing

The Guardian - UK

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Behind the ticking time bomb – should we fear China’s slide into deflation?

China was expected to roar back into life after Covid, but its weak rebound has shocked analysts

The Guardian - UK

Trigger recession to tame inflation, say economists – as Bank set to hike interest rates

‘There’s no other way around it’, says Jeremy Hunt adviser on looming UK recession

The Independent UK

Fed to raise interest rate again amid core inflation pressure

Expected hike in benchmark rate to a range of 5% to 5.25% could push US into recession

The Guardian - UK

The case against Biden and Trump efforts to boost U.S. industry

A blistering new essay pushes back against the Biden administration's focus on unwinding the U.S. economy from China.

Axios

Generations of Tories have hoped for growth. They never plan for it

Kept aloft by North Sea oil or privatisations, the economy under the Conservatives never got the long-term vision it needed

The Guardian - UK

International Discord Undercuts Global Growth, Worsens Inflation

The global economy is once again under strain, but this time without the international cooperation that helped resolve previous post-Cold War crises. Instead, many of the world's biggest powers are now intent on undermining one another, with unsettling economic implications.

Bangkok Post

Biden's burdens grow: Sagging global economy adds to US woes

President Joe Biden embarks for Asia on Thursday facing a new risk for the economy at home: a global economic slowdown caused by Russia’s invasion of Ukraine and the pandemic shutting down Chinese cities and factories

The Independent UK

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The Guardian - UK

Cambridge spies and Brexiters have a lot in common

As Simon Kuper points out in his excellent book, both groups betrayed us to Moscow – but the former did it deliberately

The Guardian - UK

Bank of England ‘duty bound’ to trigger recession to curb inflation

Ex-official says policymakers must shrink the UK economy to limit upward pressure on prices made worse by Brexit

The National (Scotland)

Scotland suffering 'cost of living with Westminster crisis' amid stark Brexit report

SCOTLAND is suffering a “cost of living with Westminster crisis”, it has been claimed, after stark reports revealed the full impact of Brexit on…

The Guardian - UK

MPs criticise ‘top-down’ approach to UK-US trade talks

Fears grow in UK that any proposals could downgrade workers’ rights despite assurances on both sides

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