Reeves to meet US Treasury Secretary ‘shortly’ in trade deal race April 8, 2025 Chancellor Rachel Reeves has said she plans to meet US Treasury secretary Scott Bessent as President Donald Trump is yet to offer allies any reprieve from his tariff policy. The UK is facing ten per cent tariffs on its goods exports to the US, putting the government under pressure to agree a deal that protects [...]
Barclays: FTSE 100 giant’s shares bounce back after volatile trading April 8, 2025 Shares in Barclays rallied on Tuesday morning after a bruising week. The FTSE 100 lender has been caught in the chaos of Trump’s tariff onslaught. The firm was among top banks, including HSBC and Standard Chartered, which led the blue-chip index’s top fallers as markets sunk. Barclays stock was down nearly ten per cent after [...]
Businesses are struggling to model the impact of tariffs April 8, 2025 History and economic models provide little precedent for the impact of Trump’s tariffs, so the implications are worryingly unclear, says Annette Spencer It’s safe to say that tariff talk is no longer a mere backdrop to financial news, it’s shaking currency and financial markets. While governments are beginning to think about next steps and potential [...]
FTSE 100: Rolls-Royce shares rebound after losing over £10bn in value April 8, 2025 Shares in Rolls-Royce have started to rebound after losing more than £10bn in value since President Donald Trump’s tariffs were announced. The Derby-headquartered group’s shares had been trading at an all-time high of 812p in the middle of March before plummeting to 635p on Monday. They have now started to rebound and are trading at [...]
FTSE 100 stages tentative recovery after sweeping losses April 8, 2025 The UK’s blue-chip FTSE 100 opened 1.5 per cent higher this morning, recovering some of the losses recorded over the past three trading days amid the fallout of US president Donald Trump’s sweeping tariffs. Yesterday, the FTSE 100 slumped more than four per cent as global stock markets digested the effects of a potential global [...]
Lush to pass tariffs onto US shoppers as it sinks further into the red April 8, 2025 Lush has revealed plans to open a UK hotel as it detailed its response to President Donald Trump’s tariffs amid the ethical cosmetics retailer sinking further into the red. The Dorset-headquartered company has included scant detail in its annual accounts about its plans for a new hotel but did say it is working with a [...]
Brits are bracing for the worst as Trump’s tariffs bite April 8, 2025 Trump’s tariffs are having a seismic impact on British politics, the economy and even the national mood, the latest Morning Wire/Freshwater Strategy poll shows, writes Matthew Lesh Last month’s City Am / Freshwater Strategy poll revealed some green shoots for the economy. While far from a glowing overall picture, the trend was towards a more optimistic outlook [...]
Britain must not forget the lessons of Adam Smith April 8, 2025 Adam Smith taught us that trade is not a zero-sum game 250 years ago. Trump may not have read his Wealth of Nations, but the rest of the world now must, says James Price Much ink has been spilled over Trump’s tariffs in the past few weeks. At a glance, the bear case is that [...]
Britain should ignore Trump’s tariffs and unleash unilateral free trade April 8, 2025 A UK conversation focused on a trade deal with the US is depressingly small-minded. The best way to beat tariffs is to lower our own barriers and trade with the world, says Tim Focas The global trade war is now an all-out economic slugfest, with Britain caught in the middle. President Trump has slapped a [...]
Trump tariffs hit big tech as stocks tumble for third session April 7, 2025 The US tech sector has been hit by newly imposed global tariffs from Donald Trump’s administration, as the president holds firm on his aggressive trade policies. The latest rounds of tariffs, which began with an initial unilateral 10 per cent tariff on a wide array of goods, sparked severe market reactions, especially among the so-called [...]