Economics

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Americans were told reciprocal tariffs would be simple. “Reciprocal, that means they do it to us, and we do it to them,” said President Donald Trump on Wednesday. “Very simple, can’t get any simpler than…

Donald Trump’s sweeping tariff regime threatens upheaval for the likes of Apple, Amazon and other US companies that rely heavily on manufacturing in China and other countries now targeted for extra levies. The US president’s extra tariffs, due to come into effect within days, impose a universal 10 per cent levy on all countries. But…

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world <div data-o-component="o-expander" class="o-expander o-expander__info-box" data-o-expander-shrink-to="hidden" data-trackable="clip-info-box" data-o-expander-collapsed-toggle-text="Show video info” data-o-expander-expanded-toggle-text=”Hide video info“>Show video info Donald Trump launched a new assault on the global trading order on Wednesday, imposing a barrage of new tariffs…

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump once said that tariff was the most beautiful word. After the markets closed on Wednesday, he declared “liberation day” in its honour. To America’s trading partners, April 2 will mark the…

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump announced sweeping new tariffs on US imports on Wednesday, taking the global economy into a new era of trade competition. The measures, announced from the White House’s Rose Garden during what…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Danantara, the new sovereign wealth fund in Indonesia, is a project of surpassing ambition. Taking possession of $900bn in public assets, it will divert about 0.6 per cent of GDP a year from the state…

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Sir Keir Starmer claimed on Wednesday that his patient diplomacy with Donald Trump had been vindicated, after the US president slapped a 10 per cent “reciprocal” tariff on UK exports, half the EU’s…

Elon Musk has rubbished claims that his role in the Trump administration is coming to a premature end, after the billionaire’s unpopularity was seized upon by Democrats to clinch a crucial state supreme court race. In a post on X, he decried as “fake news” a report by Politico, which said Trump had told confidants…

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The White House is close to endorsing a deal for US investors to buy TikTok’s American operations, wresting control of the popular video app from its Chinese owners. Under the terms of the transaction,…

February 1 Donald Trump announces 25 per cent tariffs on imports from Canada and Mexico — except Canadian energy, to be tariffed at 10 per cent. US hits China with 10 per cent tariffs. In response, Canada puts 25 per cent tariffs on C$30bn (US$20bn) of US imports, rising to C$155bn after 21 days. Mexico…