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The Latest Breaking News from Economy

Trump’s tariff push is a race against time, and potential voter backlash

President Donald Trump’s expansive new tariff regime reverses a decades-long global trend of lower trade barriers that will likely raise prices for U.S. consumers and threatens to sharply slow the economy this year

The Independent UK

US Trade Policies Ignite a Stock Market Meltdown

The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -4.84%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -3.98%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -5.41%. June E-mini S&P futures (ESM25 ) are down -4.86%, and June E-mini Nasdaq futures...

Barchart

Commerce Secretary Ridiculed For Urging Americans To 'Trust Trump' Because He 'Knows What He's Doing': 'He Can't Even Run A Casino'

Howard Lutnick defended Trump amid stock market turmoil, urging Americans to "trust Trump" to handle the economy despite his history of business bankruptcies.

International Business Times

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Commerce Secretary Ridiculed For Urging Americans to 'Trust Trump' Because He 'Knows What He's Doing': 'He Can't Even Run a Casino'

Howard Lutnick defended Trump amid stock market turmoil, urging Americans to "trust Trump" to handle the economy despite his history of business bankruptcies.

Latin Times

Trump’s chaos-inducing global tariffs, explained in charts

The US president’s announcement has caused market chaos and threatens a trade war and US recession

The Guardian - US

Dollar Falls Sharply on US Tariffs Concerns

The dollar index (DXY00 ) Thursday fell sharply by -1.64% and posted a 6-month low. The dollar plummeted Thursday because of concerns that President Trump’s sweeping new reciprocal tariffs will start a trade war that will derail the economy and force the Fed to cut interest rates. Also, Thursday’s plunge...

Barchart

Trump finally goes all in on tariffs. Free traders on the right and left are furious

ANALYSIS: The immediate anger and fallout from Trump’s tariff plan illustrates how a poor U.S. economy could politically isolate the president, writes John Bowden

The Independent UK

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Trump’s tariff numbers appear to have been calculated through a simple math formula, which works with every single country on the list

The calculations used by the White House don’t include a detailed assessment of each foreign country's trade practices.

Fortune

Wall St Leads Rout As World Reels From Trump Tariffs

Wall Street led a global markets bloodbath Thursday as countries around the world reeled from President Donald Trump's trade war, while the White House insisted the US economy would emerge victorious.

International Business Times

Crude Prices Plummet on Energy Demand Concerns and Rising OPEC+ Production

May WTI crude oil (CLK25 ) today is down -5.34 (-7.45%), and May RBOB gasoline (RBK25 ) is down +0.1820 (-7.80%). Crude oil and gasoline prices today plunged to 3-week lows on concern that President Trump’s harsher-than-expected reciprocal tariffs will ignite a trade war that derails the global economy and...

Barchart

Stock Sharply Lower on Concern US Trade War Will Upend the Global Economy

The S&P 500 Index ($SPX ) (SPY ) today is down -4.42%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -3.72%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -5.11%. June E-mini S&P futures (ESM25 ) are down -4.10%, and June E-mini Nasdaq futures...

Barchart

Firms in Northern Ireland anxious about Trump tariffs, O’Neill says

Deputy First Minister Emma Little-Pengelly said it was important that any retaliatory EU tariffs on the US did not penalise Northern Ireland.

Evening Standard

Dollar Slumps to a 6-Month Low as US Tariffs Spark Trade War Fears

The dollar index (DXY00 ) today is down sharply by -2.19% at a 6-month low. The dollar is plummeting today because of concerns that President Trump's sweeping new reciprocal tariffs will start a trade war that will derail the economy and force the Fed to cut interest rates. Also, today's...

Barchart

"Our manager gave us each $1000 and put us on the plane, economy class. We later found out we had received $250,000 for the show: he kept it all." The true story behind Black Sabbath's biggest show ever

On April 6, 1974, Black Sabbath performed for 250,000 rock fans at the first California Jam festival. It was a gig that would live long in the memory for all involved, for reasons both good and bad

Metal Hammer

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The Guardian - UK

Trump’s ‘idiotic’ and flawed tariff calculations stun economists

‘Willing sycophants’ came up with simplistic formula that has thrown global economy into disarray

Euronews

Dow and S&P drop as Trump's tariffs spark trade chaos on Wall Street

Financial markets around the world are reeling Thursday following President Donald Trump’s latest and most severe volley of tariffs, and the US stock market may be taking the worst of it.

Motor1

The 2025 Subaru Forester Hybrid Makes So Much Sense: First Drive Review

The new Subaru Forester is a bit sluggish and it doesn’t have great fuel economy; The new Forester Hybrid solves both of those problems for not a whole lot more money. It’s a no-brainer.

International Business Times

AI Could Impact 40 Percent Of Jobs Worldwide: UN

The global artificial intelligence market is projected to reach $4.8 trillion -- roughly the size of Germany's economy -- by 2033, the UN said Thursday, warning nearly half of jobs worldwide could be affected.

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International Business Times

Trump's Tariffs Sting Asian Giants, Including US Allies

Asia's manufacturing powerhouses were desperately seeking talks with Washington on Thursday after Donald Trump announced 10 percent "reciprocal" tariffs, and even more for some longtime US allies.

Al Jazeera

‘Nothing is off the table’: World leaders react to Trump’s tariffs

Analysts warn of price hikes and a potential recession in the US, where stock futures have dropped.

Evening Standard

Liberation Day for Trump as he ‘drops nuclear bomb on the global trading system’

US president unleashes a blitz of tariffs — but the UK gets off relatively lightly

Evening Standard

Trump tariff announcements ‘deeply regrettable’, NI Economy Minister says

Caoimhe Archibald said she had already engaged with representatives of the UK and Irish governments on the issue.

Evening Standard

UK economy set for significant tariff hit but avoids ‘direct blow’ – economists

Donald Trump slapped a 10% tariff on US imports of UK goods.

The Guardian - AU

Trump’s tariffs could deliver a $27bn blow to Australia – and the cost of a global trade war would be far higher

How other countries retaliate matters hugely for how Australia’s economy weathers the storm of ‘liberation day’, experts say

The Guardian - UK

Macron calls Trump’s tariffs ‘brutal and unfounded’ and warns France could suspend US investments – as it happened

President says ‘nothing can be ruled out’ in response to US measures

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