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The Latest Breaking News from Economy

Brussels, my love? Europe's declarations of independence

In this edition of our weekly talk show, participants discuss the EU's attempts to reach strategic autonomy, the impact of Trump's tariffs on the global economy and the debate about how many seats the European Parliament should have.

Euronews

‘It could’ve been much worse’: how UK avoided a bigger blow from Trump tariffs

No 10 has been criticised for ‘sucking up’ to Donald Trump, but believes its defensive strategy has been vindicated

The Guardian - UK

Trump's Global Tariff Takes Effect In Dramatic US Trade Shift

US President Donald Trump's widest-ranging tariffs to date took effect Saturday, in a move which could trigger retaliation and escalating trade tensions that could upset the global economy.

International Business Times

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European and US markets continue to drop after Trump's global tariffs

Global markets continue to experience sharp decline after Trump announced blanket tariffs on US imports of products from more than 180 countries and territories, ranging in severity from 10% to more than 50%.

Euronews

Retirees keep their eyes on the economy as Trump's tariffs roil financial markets

With financial markets roiling as President Donald Trump unveiled his latest tariffs this week, the economy has been top of mind for many retirees

The Independent UK

Donald Trump’s ‘Liberation Day’ will live in infamy

THE INDEPENDENT VIEW: Editorial: The president of the United States has dismantled the world trade system, pushed the global economy towards another slump and turned economics on its head. He must end this madness

The Independent UK

Larry Summers says Trump's 'masochistic' tariffs will cost $300,000 per family of four

The former Treasury Secretary said an hour of rhetoric cost the economy $30 trillion.

Fortune

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Trump's Tariff Big Bang Puts Global Economy Under Threat

It took just one 50-minute speech by US President Donald Trump to undermine global economic stability and raise the prospect of a recession, with China's countermeasures only amplifying the risk of a debilitating tit-for-tat trade war.

International Business Times

Think twice before bailing out of the stock market, financial advisers say

The huge swings rocking Wall Street and the global economy may feel far from normal

The Independent UK

Robust March jobs report signals the economy is starting from a 'position of strength' if Trump tariffs spark downturn

In March, the U.S. added 228,000 jobs, while the unemployment rate ticked up to 4.2%.

Fortune

Trump’s tariffs will likely mean ‘higher inflation and slower growth’, says Fed chair

While the US economy remains robust, Jerome Powell cautions there is high uncertainty over its direction

The Guardian - US

White House Cites Tariff Reports That Undermine Its Own Claims

Attempting to defend Trump's tariffs, the White House points to studies that show they raise prices, cut manufacturing output, and lead to costly retaliation.

Reason

‘In economic terms, Trump’s tariffs make no sense at all’

President’s move has no historic parallels, but the deep uncertainty for the global economy may prove as destructive as the tariffs

The Guardian - UK

Sadiq Khan assures Londoners that Trump tariffs won't hit economy hard as stock markets plunge

The Mayor of London ‘fully’ supports the Prime Minister's efforts to secure a trade deal rather than slapping retaliatory measures on the United States

Evening Standard

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International Business Times

Trump Goads China After Beijing Retaliates In Global Trade War

President Donald Trump goaded a "panicked" China on Friday after the chief US economic rival retaliated against his tariffs and he dismissed stock market panic over the growing global trade war, touting the chance to "get rich."

Fortune

Trump is a drunk driver taking the economy off the cliff into a needless recession—as we warned

With Trump enacting tariffs in the most uncertainty-inducing way possible, businesses are paralyzed—with devastating repercussions.

Euronews

Global sell-off worsens and Dow Jones tumbles as China hits back at US

China announced retaliatory tariffs of 34% against the US on Wednesday, a move causing several US stocks to plunge, particularly those of firms with extensive ties to China.

Euronews

US added 228,000 jobs in March despite Donald Trump's federal cuts

Although the labour market remained strong in March, an increasing number of immigrant deportations could cause labour shortages in the coming months.

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Latin Times

Former GOP Rep. Worries Trump Is Playing Fast And Loose With The Economy: 'Awfully Cavalier'

Former Rep. Charlie Dent expressed concern that "after less than three months people are talking about a recession"

The Independent UK

US economy adds 228,000 jobs in March ahead of Trump’s trade war

The surprisingly high jobs numbers comes as Trump’s announcement of tariffs sent stock markets reeling

The Guardian - UK

Are Trump’s tariffs for real or an AI hallucination? I’m afraid the answer is both

Amid claims that a chatbot helped shape the key calculations, the president is now off playing golf. He’ll find the world economy in a bunker, says Guardian columnist Marina Hyde

Fortune

The new partnership between Affirm and Experian means the impulse-buying economy will be running headlong into America’s data-mining ecosystem

Buy-now-pay-later is a juggernaut that’s long been absent from consumers’ credit reports. A recent deal with Affirm means that’s no longer the case.

The Independent UK

What Ancient Rome can tell us about the fate of Trump’s tariffs

ANALYSIS: When tariffs were used in Ancient Rome, they often led to higher prices, black markets and other economic problems, Peter Edwell writes

Evening Standard

Battle for the West End after London mayor Sadiq Khan gets powers to approve late-night drinking and al fresco dining

Council says it only refuses licences if there are concerns over crime or anti-social behaviour

The Guardian - UK

First Thing: Markets plunge as IMF says Trump trade war poses ‘significant risk’ to global economy

London’s stock market opened at its lowest level since January, while France suggests pause on investing in the US. Plus, what now for TikTok?

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