Warnings Trump tariffs on China and allies risk economic disruption February 1, 2025 New trade penalties against Canada, Mexico and China that US President Donald Trump plans to impose represent an aggressive early move against America’s three largest trading partners – but at the risk of higher inflation and possible disruptions to the global economy. In Trump’s view, the 25 per cent tariffs against the two North American [...]
Pound sterling falls on latest Trump tariff threats January 28, 2025 The movement in currency markets came after the latest comments from the President on his tariff plans.
Trump tells businesses to make products in the US or pay the price January 23, 2025 Donald Trump has told businesses they should make their products in the US, or face paying tariffs, while speaking at Davos. President Trump addressed the World Economic Forum at the Swiss ski resort this afternoon, and used his speech to emphasise his message to business. It comes after he threatened to double tax rates for [...]
Report reveals ‘staggering’ costs of economic fragmentation January 23, 2025 The hit would largely come through lower trade, reduced capital flows and lost economic efficiencies.
Rachel Reeves: UK won’t be Trump tariff target due to trade deficit January 22, 2025 Rachel Reeves has argued that the UK won’t be a target for Trump’s trade tariffs because we have a “trade deficit” with the US. The Chancellor argued President Donald Trump was “concerned about the trade surpluses” with various countries around the world, but stressed that was “not the case” with the UK. It comes after [...]
President Trump threatens to double tax rates for foreign firms January 22, 2025 Donald Trump has threatened to double tax rates for foreign nationals and companies in the US in what he said was a bid to hit back at “discriminatory” duties on American firms. The President set out a memo on his ‘America first’ trade policy on Monday which referred to an almost 100-year old element of [...]
Trump should read Javier Milei’s 2024 Davos speech January 22, 2025 This year, perhaps more than ever, the global gathering at Davos offers something of a safe space for those still reeling from the 47th President’s inauguration, his speech and subsequent flurry of Executive Orders. Sessions scheduled at this year’s World Economic Forum include Investing in Diversity, Safeguarding Nature, The Road to COP30, Equity Beyond Identity [...]
Sterling suffers as first Trump tariffs set for February introduction January 21, 2025 In response to questions about the potential timing of new tariffs, he said: "I think we'll do it 1 February".
‘America first’: Donald Trump sworn in as 47th President January 20, 2025 Donald Trump has been sworn into office as the 47th president of the United States, with a claim that “America’s decline is over.” The Republican politician took the oath of office in the rotunda of the US Capitol building in Washington D.C. on Monday after below freezing temperatures saw the ceremony moved indoors. President Trump [...]
Donald Trump won’t impose tariffs ‘from day one’ January 20, 2025 Rather than imposing tariffs, the memo instructs officials to address unfair trade practices and remedy persistent trade deficits.