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The Latest Breaking News from Economy

Larry Summers says Trump's 'masochistic' tariffs will cost $300,000 per family of four

The former Treasury Secretary said an hour of rhetoric cost the economy $30 trillion.

Fortune

Trump's Tariff Big Bang Puts Global Economy Under Threat

It took just one 50-minute speech by US President Donald Trump to undermine global economic stability and raise the prospect of a recession, with China's countermeasures only amplifying the risk of a debilitating tit-for-tat trade war.

International Business Times

Think twice before bailing out of the stock market, financial advisers say

The huge swings rocking Wall Street and the global economy may feel far from normal

The Independent UK

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Robust March jobs report signals the economy is starting from a 'position of strength' if Trump tariffs spark downturn

In March, the U.S. added 228,000 jobs, while the unemployment rate ticked up to 4.2%.

Fortune

Trump’s tariffs will likely mean ‘higher inflation and slower growth’, says Fed chair

While the US economy remains robust, Jerome Powell cautions there is high uncertainty over its direction

The Guardian - US

White House Cites Tariff Reports That Undermine Its Own Claims

Attempting to defend Trump's tariffs, the White House points to studies that show they raise prices, cut manufacturing output, and lead to costly retaliation.

Reason

‘In economic terms, Trump’s tariffs make no sense at all’

President’s move has no historic parallels, but the deep uncertainty for the global economy may prove as destructive as the tariffs

The Guardian - UK

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Sadiq Khan assures Londoners that Trump tariffs won't hit economy hard as stock markets plunge

The Mayor of London ‘fully’ supports the Prime Minister's efforts to secure a trade deal rather than slapping retaliatory measures on the United States

Evening Standard

Trump Goads China After Beijing Retaliates In Global Trade War

President Donald Trump goaded a "panicked" China on Friday after the chief US economic rival retaliated against his tariffs and he dismissed stock market panic over the growing global trade war, touting the chance to "get rich."

International Business Times

Trump is a drunk driver taking the economy off the cliff into a needless recession—as we warned

With Trump enacting tariffs in the most uncertainty-inducing way possible, businesses are paralyzed—with devastating repercussions.

Fortune

Global sell-off worsens and Dow Jones tumbles as China hits back at US

China announced retaliatory tariffs of 34% against the US on Wednesday, a move causing several US stocks to plunge, particularly those of firms with extensive ties to China.

Euronews

US added 228,000 jobs in March despite Donald Trump's federal cuts

Although the labour market remained strong in March, an increasing number of immigrant deportations could cause labour shortages in the coming months.

Euronews

Former GOP Rep. Worries Trump Is Playing Fast And Loose With The Economy: 'Awfully Cavalier'

Former Rep. Charlie Dent expressed concern that "after less than three months people are talking about a recession"

Latin Times

US economy adds 228,000 jobs in March ahead of Trump’s trade war

The surprisingly high jobs numbers comes as Trump’s announcement of tariffs sent stock markets reeling

The Independent UK

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The Guardian - UK

Are Trump’s tariffs for real or an AI hallucination? I’m afraid the answer is both

Amid claims that a chatbot helped shape the key calculations, the president is now off playing golf. He’ll find the world economy in a bunker, says Guardian columnist Marina Hyde

Fortune

The new partnership between Affirm and Experian means the impulse-buying economy will be running headlong into America’s data-mining ecosystem

Buy-now-pay-later is a juggernaut that’s long been absent from consumers’ credit reports. A recent deal with Affirm means that’s no longer the case.

The Independent UK

What Ancient Rome can tell us about the fate of Trump’s tariffs

ANALYSIS: When tariffs were used in Ancient Rome, they often led to higher prices, black markets and other economic problems, Peter Edwell writes

Evening Standard

Battle for the West End after London mayor Sadiq Khan gets powers to approve late-night drinking and al fresco dining

Council says it only refuses licences if there are concerns over crime or anti-social behaviour

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The Guardian - UK

First Thing: Markets plunge as IMF says Trump trade war poses ‘significant risk’ to global economy

London’s stock market opened at its lowest level since January, while France suggests pause on investing in the US. Plus, what now for TikTok?

Evening Standard

UK construction firms shed more staff amid concerns over economy

It came as the commercial construction sector declined at its sharpest rate since the start of 2021, according to new data.

Newslaundry

‘Taxing time’: Beijing to Berlin, Trump’s tariffs dominate world headlines

US President Donald Trump’s announcement of broad “reciprocal tariffs” on imports to the United States has sent shockwaves through global markets and prompted stern responses from world leaders. With a baseline 10 percent tariff on all imports and significantly higher rates for countries Trump described as having “unfair” trade relationships…

Euronews

US hiring likely remained robust last month: Can it hold up against tariffs?

New hiring data from the US, set to be released on Friday, will likely be positive. Even so, economists warn of risks ahead from tariffs, DOGE, and restrictions on migration.

The Guardian - UK

IMF warns of ‘significant risk’ to global economy from Trump tariffs as markets plunge

Fund boss Kristalina Georgieva says it is important that US and trading partners avoid escalating trade war

International Business Times

Trump Tariffs To Test Resiliency Of US Consumers

In unveiling tariffs this week challenging the decades-old international trade order, President Donald Trump lambasted globalization as a raw deal for the United States that has devastated US manufacturing towns.

Fortune

Europe has caught a workplace absenteeism bug, turning one of the continent’s biggest advantages into a multi-billion euro strain

The factors driving sick leave culture can differ but are broadly linked to mental health, welfare benefits, and cultural factors.

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