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The Latest Breaking News from Economy

Dollar Falls as US Tariff Policy Undercuts Confidence in the Dollar

The dollar index (DXY00 ) today is down by -1.40%. The dollar is sliding today on concern the escalation of the US-China trade war will derail the economy and lead to stagflation. The US raised tariffs on China Wednesday to 125% from 104% after China retaliated and imposed 84% tariffs...

Barchart

US stocks fall again as ex-Fed chair decries ‘self-inflicted wound’ of Trump’s tariffs

Sell-off comes amid anger from Democrats over retreat that rattled markets, while Republicans praise Trump’s ‘art of the deal’ in action

The Guardian - US

Former Trade Official Issues Stark Warning As US-China Tariff War Escalates: 'The Tsunami is Coming For Everyone'

A trade representative during the Joe Biden administration said factories will close in the U.S. and around the world as a result of Trump's tariffs

International Business Times

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Germany’s economy expected to stagnate as Trump's tariffs hit

US tariffs, especially on metals such as steel and aluminium, could particularly impact Germany's economic growth this year.

Euronews

The Latest: S&P 500 falls 2% at the open despite Trump’s tariff pause

U.S. stocks are giving back some of their historic gains from the day before as Wall Street weighs a global trade war that has cooled in temperature but is still threatening the economy

The Independent UK

Germany's economy is expected to stagnate at best this year

Leading think tanks say that Germany’s economy is likely to stagnate at best in 2025 after shrinking for two years and the impact of U.S. tariffs could weigh down an already unimpressive showing

The Independent UK

Trump Tariffs Weigh On Germany As Institutes Cut Forecasts

Leading economic institutes Thursday slashed their 2025 growth forecast for Germany to near stagnation, warning Europe's struggling top economy will face extra pain from US President Donald Trump's tariff blitz.

International Business Times

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Ron Wyden says the U.S. economy 'has gone from the envy of the world to a laughingstock in less time than it took to finish March Madness'

The senator laments how Trump and his advisors refuse to give a straight answer about the end-goal of tariffs.

Fortune

Trump's Car Tariffs Could Drive Slovakia Into Russia's Arms

By imposing massive tariffs on foreign-made cars, Trump is punishing key allies, tanking Slovakia’s economy, and undermining U.S. influence in Eastern Europe.

Reason

Sales tax receipts will be closely watched as Texas tracks economic jolt of tariffs

As the Texas House prepares to vote on the budget, officials and other experts monitor national policy and state tax revenue.

The Texas Tribune

Stocks Plunge Before the Open After Tariff Relief Rally, U.S. Inflation Data in Focus

June S&P 500 E-Mini futures (ESM25) are down -2.20%, and June Nasdaq 100 E-Mini futures (NQM25) are down -2.33% this morning, pointing to a sharp pullback on Wall Street after yesterday’s historic rally, while investors brace for the release of crucial U.S. inflation data.

Barchart

The bond market selloff badly rattled investors. Here's what analysts are saying about this key market and what's to come

When 10-year Treasury yields head in the wrong direction that has major implications for the U.S. economy.

Fortune

Asian markets celebrate Trump’s trade flip-flop, even as he maintains historically high tariffs—and not just on China

It’s not just 125% tariffs against China: There are still 10% tariffs on all U.S. imports, 25% tariffs on imported cars and steel …

Fortune

Trump tariff pause brings relief for global stock markets

Asian and European markets rise amid signs trade war may not be as damaging to global economy as feared

The Guardian - UK

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The Guardian - UK

‘We are stepping up,’ UK defence secretary tells ‘coalition of the willing’ for Ukraine – as it happened

John Healey tells meeting of more than 30 countries that coalition is working on ‘putting Ukraine in the strongest possible position’

AAP

'Bucket-list' footy bonanza lines up for $100m goal

A festival of football in Australia's festival state is attracting hundreds of thousands of visitors and delivering a massive boost for the local economy.

International Business Times

China Consumer Prices Slump For Second Straight Month: Data

Consumer prices in China fell in March for the second straight month, official data showed Thursday, as the world's second-largest economy struggles to boost spending and a trade war with the United States deepens.

The Guardian - UK

Trump’s tariffs may be reduced but their impact will be felt in the UK and beyond

We examine potential consequences of US president’s market chaos, which could reach every corner of global finance and economy

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Fortune

Russian economy grows at slowest pace in 2 years—plunge in oil prices could make things much worse

Oil prices fell to four-year lows as the U.S. and China stepped up their trade war, putting extra pressure on Russia’s key export.

Evening Standard

Rewire economy to see Scotland become richer and greener, report urges

Economic and environmental groups have said the Scottish Government should transform the country into a circular economy.

International Business Times

Who Stands In The Crosshairs Of Trump's Tariffs?

With sweeping tariffs targeting key US trading partners, President Donald Trump sent the world economy into a tailspin Wednesday before backing down hours later -- with a 90-day reprieve for all but China.

Kiplinger

Is the Economy at Risk of a Recession Because of Tariffs? What the Experts Are Saying

With the stock markets up and down and tariffs on and off everyone including retirees may wonder what it means for the economy. Here's what the experts think.

Reason

Argentina Strikes $20 Billion Deal With IMF To Fuel Milei's Reforms

The IMF says the deal builds on "impressive early progress in stabilizing the economy."

The Independent UK

Dave Portnoy says he’d ‘absolutely’ vote for Dems in midterms if Trump continues to rattle economy

‘I’m not some crazy MAGA guy,’ Dave Portny declared on Wednesday

Radio France Internationale

Chancellor-elect Merz outlines new coalition's vision for Germany

Germany's next leader Friedrich Merz vowed Wednesday to "move the country forward again" by boosting the economy and spending on defence as he presented a deal to launch his coalition government by early next month.

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