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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The chief executive of a large European asset manager received an unusual if chunky task from his board recently: how to de-Americanify the company. The request is nothing if not a sign of the times…
Stay informed with free updates Simply sign up to the Automobiles myFT Digest — delivered directly to your inbox. Carmakers are holding thousands of vehicles at US ports and temporarily halting shipments as they seek to minimise the fallout from President Donald Trump’s intensifying trade war. Some manufacturers have begun delaying the entry of their…
China is comfortably the world’s trading superpower. Its trade surplus — the difference between imports and exports — rose to almost $1tn last year. Beijing’s exporting machine is one of the main reasons President Donald Trump has launched the opening shots in his new global trade war. But it is not just the US that…
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The writer is US senator for Massachusetts and the top Democrat on the Senate committee on banking Since President Donald Trump announced his massive tariffs, the stock market has experienced its biggest decline…
Donald Trump has singled out “tariff” as “the most beautiful word” in the English language, but his determination to reshape global trade extends far beyond customs duties, senior administration officials have warned. Peter Navarro, Trump’s influential senior counsellor for trade and manufacturing, said on Tuesday the White House had the full range of “non-tariff weapons”…
From car factories to aluminium smelters, Donald Trump wants to bring manufacturing back to the US by waging the biggest trade war since the 1930s, but executives warn tariff uncertainty will make it too risky to invest billions of dollars in building new American plants. “Reshoring” has been a top priority for the US president,…
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump rattled global investors again on Tuesday as he pressed ahead with his plan for aggressive tariffs on America’s largest trading partners even as he touted potential deals with some US allies….
US stocks closed sharply lower, reversing an early rally after the White House said Donald Trump would push forward with his threat to hit China with duties exceeding 100 per cent. The benchmark S&P 500 index closed down 1.6 per cent, a significant pull back from a gain of as much as 4.1 per cent…
An upbeat Scott Bessent walked into the US Treasury department on Tuesday, optimistic that the tensions between America and some of its allies in the wake of last week’s “liberation day” tariff announcement would soon be eased. “I think you’re going to see a couple of big trading partners do deals very quickly,” he told…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US government debt fell sharply for the second straight day after a $58bn short-term Treasury auction drew weak demand and hedge funds continued to rapidly unwind popular trades. The benchmark 10-year Treasury yield, which underpins…
