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The Latest Breaking News from Economy

'Major economic blow': EU and world leaders react to Trump's tariffs

US President Donald Trump’s announcement of a new 20% tariff on the European Union drew a sharp rebuke from European Commission President Ursula von der Leyen.

Euronews

What Donald Trump’s dramatic US trade war means for global climate action

US President Donald Trump’s new trade war will not only send shockwaves through the global economy – it also upsets efforts to tackle the urgent issue of climate change.

The Conversation

Fiji among big Pacific losers under Trump tariffs

Fiji Water, one of the biggest bottled water brands in the US, will become more expensive after President Donald Trump hit Fiji with 32 per cent tariffs.

AAP

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Financial Markets Tumble After Trump Tariff Announcement

Global financial markets were rocked on Wednesday by Donald Trump's announcement of sweeping tariffs, targeting China and the European Union in particular, with the risk of undermining the international economy.

International Business Times

Trump Mocked for Claiming Tariffs Would Have Prevented Great Depression: 'Make Everyone Poor Again'

The internet is mocking President Donald Trump for boasting about his impending tariffs, which experts say will do the opposite of grow the economy.

Latin Times

Everything we know about Donald Trump's tariffs and how they will impact the UK

President Trump announced a ‘minimum baseline tariff’ of 10 per cent on countries to ‘help rebuild the US economy

Evening Standard

Perilous and chaotic, Trump’s ‘liberation day’ endangers the world’s broken economy – and him

While the president has identified the need to do things differently, his strategy risks a slump, hitting the very Americans he claims to champion, says Guardian columnist Martin Kettle

The Guardian - UK

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Trump claims U.S. industry ‘reborn’ as he imposes sweeping tariffs on his highly touted ‘Liberation Day’

President falsely claims that tariffs will be paid by foreign countries even though they are paid by American importers and passed on to consumers as higher prices

The Independent UK

Goldman Sach's David Solomon says despite uncertainty, U.S. economy is still in 'good shape'

David Solomon pointed to the country's 'huge, diverse, powerful economic engine' that can withstand shocks better than 50 years ago.

Fortune

Dollar Falls Ahead of President Trump’s Tariff Plans

The dollar index (DXY00 ) Wednesday fell by -0.42% and posted a 1-1/2 week low. The dollar is under pressure because of concerns that US tariffs will start a trade war that derails the economy. Also, a recovery in stock prices on Wednesday reduced liquidity demand for the dollar. Losses...

Barchart

Javier Milei's Free Market Reforms Are Starting To Pay Off

As poverty and inflation plunge, Milei's reforms begin to reshape Argentina's economy.

Reason

Council generates £27m for economy by transferring 'unwanted' buildings to community

The transferring of old and unwanted buildings from council to community ownership has generated an incredible £27 million for the Dumfries and…

The National (Scotland)

UK not ‘out of the woods’ on tariff hit even if deal is done with Trump – Reeves

The Chancellor said the UK would not indulge in ‘posturing’ over a possible response to Donald Trump’s tariffs.

Evening Standard

Fact check: Economic growth is forecast to slow in 2027 and 2028

Growth is not expected to go up in 2027 or 2028, although the economy will continue to grow.

Evening Standard

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Barchart

Dollar Weakens Ahead of US Tariff Announcement

The dollar index (DXY00 ) today is down by -0.26%. The dollar is under pressure today because of concerns that US tariffs will start a trade war that derails the economy. Also, a decline in T-note yields has weakened the dollar’s interest rate differentials after the 10-year T-note yield fell...

Kiplinger

Stagflation: What It Is and Why Retirees Should Care

Stagflation — the economic bogeyman of the 1970's — may return to the US. Here's what it could mean to your retirement.

Evening Standard

Ireland’s premier warns ‘old order is changing’ in call for EU-US negotiations

Micheal Martin said the looming tariffs are the ‘most serious issue’ to face the Irish economy.

Evening Standard

Londonderry to Heathrow flight route secured for two more years

Stormont Economy Minister Caoimhe Archibald made the announcement of £4.626 million of funding for the flight route.

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Evening Standard

‘Fantasy figure’ to claim families £3,500 poorer under Labour, says Starmer

The Prime Minister and Conservative Party leader Kemi Badenoch clashed over the UK economy in the Commons.

Evening Standard

Starmer and UK economy braced for impact of Trump’s tariffs

The US president’s ‘liberation day’ tariffs will hit exports to America from countries around the world.

The Independent UK

A global rise of 4C could shrink the world’s economy by 40%

Global economy could shrink 40% if planet warms by 4C, new study says

The Independent UK

Global economy could shrink 40% if planet warms by 4C, new study says

New modelling finds global economic losses could be four times higher than previously thought under 4C warming scenario

The Guardian - UK

Wednesday briefing: What the latest wave of tariffs mean for the US, UK, Europe – and you

In today’s newsletter: The administration’s sweeping tariffs have left markets bracing for volatility – but what impact will they have on an unsteady global economy?

The Independent UK

Impact of tariffs laid bare on eve of ‘significant day in history of the world’

Ireland and European leaders are braced for US President Donald Trump’s ‘Liberation Day’ for the US economy.

Evening Standard

Ireland must not repeat austerity mistakes after US tariffs, opposition TDs say

Social Democrat TD Rory Hearne said the Government needed to continue to invest in social and affordable housing.

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