America

Why aren’t the stock markets spooked by Trump’s new tariffs?

As President Trump unveiled his latest round of tariffs last night, investors barely paid any attention. The stock markets barely moved. The currency markets remained sleepy. And most of the traders in the global financial markets went back to planning their summer holidays. Compared to ‘Liberation Day’ back in April, it was a damp squib. Have investors learned to shrug off Trump’s obsession with levies on imports? They certainly matter far less than he thinks they do.  It was a typically eccentric performance. Yesterday afternoon, the White House fired off a series of letters imposing new tariffs on some of America’s main trading partners. Japan faces 25 per cent tariffs,

Philip Patrick

Japan is running out of time to save itself from Trump’s tariffs

‘This is a serious situation for Japan’. That was the verdict of the business editor on NHK’s morning news programme today. Given the normally exquisite understatement of Japanese broadcasters, this kind of language suggests a full-blown crisis is looming. The crisis in question is the Trump administration’s declaration that it would be slapping a 25 per cent duty on all Japanese goods (separate to sectional tariffs already in place) to kick in from 1 August. This outcome is not set in stone and there is still the possibility of further movement in the remaining three weeks or so. But with Trump calling Japan ‘spoiled’ in recent soundbites and the Japanese

Europe must prepare to support Ukraine without America

It is unquestionably the case that people who should have known better were blinded by the Capri-Sun King’s glare when they reassured us that Donald Trump would not abandon Ukraine, that a second Trump administration would not really cut off military aid to Kyiv or effectively offer a free pass to Vladimir Putin. Yet that is what is happening. Last week the US Department of Defense halted a planned delivery of air defence missiles and precision munitions to Ukraine, the third time this year that such a stoppage has been put in place. The weaponry was part of a supply programme agreed under President Biden, but was halted as the

Spain won’t escape Trump’s wrath for its Nato rebellion

At yesterday’s Nato summit in The Hague, all but one of the 32 leaders agreed to increase their defence spending to 5 per cent of GDP as President Trump has been demanding. The exception was Spanish Prime Minister Pedro Sánchez. His insistence that actually 2.1 per cent will be enough has enraged President Trump.  Trump described the Nato summit’s achievements as ‘tremendous’, celebrating its recognition of the need for other Nato members to take up the burden of the defence of Europe. He added that ‘it was 2 per cent [of GDP] and we’ve got it up to 5 per cent’. But he had harsh words for Spain, describing the

For Trump, solving Ukraine won’t be as easy as Iran

For the moment, at least, the world seems to be going Donald Trump’s way. Instead of setting the Middle East ablaze, Trump’s air strikes on Iran’s nuclear facilities have been met by a single, casualty-free Iranian counterstrike on the US’s al-Udeid Air Base in Qatar. And though Tehran described the attack as ‘mighty and successful’, it emerged that Iran had actually warned the Qatar authorities in advance of the strikes – a message that they immediately passed on to the Americans. At the Nato summit in the Hague this week, European leaders lined up to support Trump’s demand that they ‘pay their way’ and boost their defence spending to 5

Freddy Gray

How did Zohran Mamdani win?

20 min listen

Against all odds, Zohran Mamdani, the 33-year-old state assemblyman and proud ‘Muslim democratic socialist’ won as as the Democratic nominee for New York City mayor. Aidan McLaughlin wrote about this for Spectator World. On this episode of Americano, Freddy Gray speaks to Aidan about how Mamdani defeated the favourite Andrew Cuomo, whether his success is attributed to TikTok and whether Zohran is really the voice of the ‘oppressed’.

Brendan O’Neill

Zohran Mamdani and the Hipster Intifada

I see Generation Intifada has a new hero. Those rich white kids who never leave the house without their keffiyeh and who love to annoy their parents by saying ‘Globalise the intifada!’ are falling at the feet of this political idol. At last, they cry, a man who ‘gets it’ and who might even prise open the eyes of the dim and uneducated to the terrible injustices of our cruel world. Why use a word that you know will trigger in Jews the most hellish memories of persecution and death? It’s Zohran Mamdani. Of course it is. The meteoric rise of this 33-year-old ‘democratic socialist’, who last night became the

Freddy Gray

As Donald Trump declares peace, the war goes on

Donald Trump’s presidency is often compared to a reality TV show. Yet that conceit barely captures the radical strangeness of his leadership. Trump is a hypnotist, a master of persuasion who tries to shape world events through CONFUSION, BIG BOMBS and CAPITAL LETTERS.  ‘THE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT!’ he announced in the early hours this morning.  How will Trump the peacemaker respond to such a clear abrogation of his demands? For an hour or so, it seemed as if Trump could be right. Iran and Israel did make the right noises, through the correct channels, about a cessation of fire. But then this morning,

Freddy Gray

Who is Trump listening to on Iran?

Freddy Gray speaks to Kelley Vlahos DC-based writer, editor and senior advisor at the Quincy Institute about the developing situation between Israel, Iran and America. The President has warned that despite winning the electorate over on an ‘America First’ mandate, the US armed force may intervene on Iran. Freddy and Kelley discuss who Trump is being advised by and why the American people could turn on him should Trump wade into the conflict.

Will the Maga isolationists forgive Trump for Iran?

That was fast. In the space of a few weeks, President Donald J. Trump has gone from being the idol of the Republican isolationists to the hero of the hawks. Only a few days ago, the Wall Street Journal editorial page was complaining that ‘Maga isolationists want the President to pressure Israel to stop the war before Iran’s nuclear sites are destroyed’. Now, as Israel pounds Iran, Trump increasingly appears to be embracing the role, not of peacemaker, but of a war president – one ready and willing to unleash, or at the very least abet, fire and fury against the mullahs. The hawks are rejoicing, and they have plenty to rejoice about. ‘Bombs

Freddy Gray

Operation Rising: will Trump get dragged into the Israel-Iran conflict?

20 min listen

Relations between Iran and Israel are deteriorating rapidly, with comparisons being drawn to Israel’s 1981 strike on Iraq’s Osirak nuclear reactor. Israeli Prime Minister Benjamin Netanyahu appears to be advocating for regime change in Tehran, reportedly encouraging the United States to take military action. Donald Trump, who previously came close to authorising a strike, is now said to be more cautious – mindful of the risks of exposing American forces abroad and being drawn into another protracted conflict, contrary to the non-interventionist platform on which he was elected. The Iranian regime, built on a foundation of resistance, is responding to Israel’s attacks while also expanding its network of regional proxies,

Gavin Mortimer

Will the L.A. immigration riots reach Europe?

The pro-immigration protests that erupted last week in Los Angeles have now spread across the United States. On Tuesday there were confrontations between police and demonstrators in Atlanta, Chicago and Denver, where tear gas was used to disperse a crowd. Police in New York City arrested 45 people as they came under attack from a variety of projectiles thrown by a mob that numbered several hundred. Demonstrators shouted ‘shame, shame’; one local councillor, Shahana Hanif, accused the Immigration and Customs Enforcement (ICE) of ‘attacking our communities’. The anti-ICE protestors are in the minority The protests began in L.A. last Friday when ICE officers began rounding up suspected illegal immigrants in

Ukrainians are paying a heavy price for Donald Trump’s indifference

On the night of Monday, June 9, Russia carried out a combined strike on the territory of Ukraine, launching ballistic and cruise missiles, as well as attack drones. The first to fly, as always, were the so-called Shaheds, invaded into the country from various directions. Not long ago, American leadership meant something We in Kyiv anxiously awaited the continuation, remembering that in a recent telephone conversation with Donald Trump, Vladimir Putin had warned he would have to respond to Ukraine’s major drone attack on Russian airbases. We also understood that the US president preferred not to interfere, portraying the bloody war as a conflict between “two young children fighting like

Freddy Gray

Left-wing violence is being normalised

19 min listen

In the new edition of Spectator World, author and anthropologist Max Horder argues the US is experiencing a change in its psyche, and left-wing violence is being normalised. He joins Freddy Gray on the Americano podcast to discuss the various examples attached to this, and what the dereliction of democratic disagreement means for us all.

What the LA riots have in common with the George Floyd unrest

This weekend’s immigration protests in LA showed every element in American politics at its absolute worst. The right was rabidly xenophobic, President Trump belligerent and authoritarian. Democratic leadership clueless, unfocused, weak and in denial – and the left manipulative and deliberately violent. Anyone with a whit of sense stayed as far away from the proceedings as possible. The right does no one any favours when they discuss America’s immigration problems as a war for the future of civilisation. Maybe in the case of the Egyptian national who torched elderly Jewish people in Boulder last weekend, they have a point, but not when it comes to the quotidian ICE immigration operation

Will America and China call a truce in their trade war?

High-level talks have started in London today between American and Chinese officials aimed at dialling down the trade tensions between the two largest economies in the world. If they result in a breakthrough, perhaps it will be known as the ‘London accord’. But can President Trump strike a ‘grand bargain’ with China? There is every chance that he might – which would give a huge boost to the global economy. The talks in London follow on from a friendly chat on the phone between President Trump and his counterpart in Beijing, President Xi. Both sides have already stepped back from an all-out trade blockade, with the United States reducing the

Sam Leith

Will Donald Trump’s defenders finally admit the truth?

So, there we have it. The President of the United States wants to bypass state governors and deploy the National Guard and the US Marine Corps against his own citizens. This comes after Donald Trump’s administration, apparently impatient with the existing legal immigration process, started bundling black and brown people into vans with a view to summary deportation. Trump wants to be king. He doesn’t even slightly attempt to conceal it Is there some point at which those who like to sneer at the “orange man bad” school of thought will swallow their pride and come round to the realisation that the orange man is, in fact, bad? Come on,

Kate Andrews

Did the swamp drain Elon Musk?

23 min listen

Billionaire Elon Musk and US President Donald Trump have had a very public falling out. Musk, whose time running the Department of Government Efficiency (DOGE) came to an end last month, publicly criticised Trump’s spending bill (the ‘One Big Beautiful Bill Act’). The row then erupted onto social media with Trump expressing his disappointment with Musk, Musk accusing Trump of ‘ingratitude’ – and even making insinuations about Trump’s relationship with Jeffrey Epstein. Tesla’s stock has taken a hit, Trump and Musk are yet to speak and there could be implications for the government contracts that Musk’s companies have, but the full consequences are yet to be understood. What do this

Elon Musk was doomed to fail with DoGE

Only a few months ago, Elon Musk took to his social media platform X to share a confession with his 220 million followers: ‘I love @realDonaldTrump as much as a straight man can love another man,’ he wrote. This week, Musk and the sitting president had such a violent public breakup that it sent Tesla stock crashing by 17 per cent. The drama, which rivaled a Real Housewives season finale, finally exploded when the President threatened to pull Musk’s billions in federal contracts. Musk returned the favour by claiming Trump hasn’t released the ‘Epstein files’ because he’s implicated in them. It was an eruption that most political observers had, from the start,

The Maga movement won’t miss Elon Musk

Let’s face it, no one expected Trump’s ‘Big, Beautiful Bill’ to be perfect. But for Elon Musk to adopt the intransigent position that the work of government should stop in its tracks in pursuit of perfection is a manifest nonsense. Especially when considering OMB chief Russ Vought’s explanation of how the bill helps reduce the deficit. Musk has a habit of failing to see the wood for the trees. He’s been a long-standing backer of China, which my website has reported on for years. He supported DeSantis, not Trump, in the primary. He recently tried to depose Brexit leader Nigel Farage (it went badly for Musk), and just a few weeks ago lashed out at the architect of