Economics newsletter
Is Britain really going to get a trade deal with the US?
Donald Trump loves Britain and loves the King; therefore we can expect a trade deal. That is the gist of J.D. Vance’s interview with UnHerd. Whether that means anything in practice is another matter. Evidently, the President’s love and affection was not enough to spare us from a 10 per cent tariff on exports to
China is hitting back with even more tariffs
China has retaliated against Donald Trump by raising duties on all American imports to 125 per cent from 84 per cent, declaring that it has no interest in responding further to what it calls a ‘joke’ policy. The higher rate will come into force from tomorrow. The announcement comes after the White House’s clarification that
The EU is making a big mistake by retaliating against Trump
A Harley-Davidson will cost you a little more in France; Florida orange juice will be more expensive in Germany and American soybeans will go up in price everywhere across Europe. The European Union has decided to start taking the fight back to President Trump with a round of retaliatory tariffs. The trouble is, it is
The hidden logic behind Trump’s market meltdown
Donald Trump’s announcement of huge levies on all the US’s major trading partners has triggered a global stock market meltdown, which may soon be followed by a full-blown recession. Almost no mainstream economist, and certainly none who believes in free markets and free trade, has a good thing to say about Trump’s tariffs. Yet there
Is the worst of the market crash over?
The FTSE-100 is up by a couple of hundred points. Germany’s DAX has added 400 points, and in Tokyo the Nikkei 225 rose by 6 per cent overnight. After the wild trading ever since President Trump announced the imposition of huge tariffs on all of America’s major trading partners, some stability appears to have returned
Are Reeves’s fiscal rules really ‘ironclad’?
This afternoon, Keir Starmer recommitted to not raising income tax, VAT or employee National Insurance for the duration of this parliament. At the same time, he reiterated his support for Rachel Reeves’s ‘ironclad’ fiscal rules. Are both possible? Answering a question from GB News’s Chris Hope at a visit to the Jaguar Land Rover factory
China hits back against Trump’s tariffs
Donald Trump has sown the wind – and now America must reap the whirlwind. Beijing has today announced plans to slap an additional 34 per cent tax on all US imported goods from next Thursday. China had already applied tariffs – ranging from 10 to 15 per cent – to a range of American agricultural
Will the markets make Trump see sense on tariffs?
This week Donald Trump declared ‘Liberation Day,’ unveiling a barrage of tariffs that had been trailed as correcting unfair trade practices overseas. In a theatrical Rose Garden ceremony, the US president presented a table, detailing a slew of new “reciprocal” tariffs targeting nations right across the globe. A sharp market reaction might lead to a change
Trump can’t ignore the stock market carnage forever
As it turned out, the only thing Liberation Day was actually liberating anyone from was their money. In the wake of President Trump’s imposition of a massive round of tariffs on America’s trading partners the stock market has been in freefall. For the moment Trump is ignoring that. But he won’t be able to forever
How Trump’s tariffs will hurt China
China has been hit hard by President Trump’s tariff list, which he unveiled yesterday in the White House rose garden. As part of his ‘Liberation Day’, Trump imposed new 34 per cent tariffs on China. This seems to be in addition to the 20 per cent tariffs levied on the country by the US since