Getty Images Bill Ackman switched allegiance to Trump before the 2024 presidential election A billionaire backer of Donald Trump has urged the US president to pause his recently announced trade tariffs, or risk “a self-induced, economic nuclear winter”. Amid market turmoil, hedge fund manager Bill Ackman said the president should take three months to allow…
JPMorgan Chase CEO Jamie Dimon said Monday that tariffs announced by President Donald Trump last week will likely boost prices on both domestic and imported goods, weighing down a U.S. economy that had already been slowing. Dimon, 69, addressed the tariff policy Trump announced on April 2 in his annual shareholder letter, which has become…
China’s and U.S.’ flags are seen printed on paper in this illustration taken January 27, 2022. Dado Ruvic | Reuters BEIJING — Risks of an intense U.S.-China trade war are rising rapidly, according to analysts, after Beijing responded more forcefully than many had expected to U.S. President Donald Trump’s latest tariffs. In a shift in…
The sharp fall in stock markets across the world shows no sign of letting up after the US imposition of sweeping and swingeing tariffs and many are asking does this qualify as a stock market “crash” and what that could mean for them? The word crash has been used sparingly over the decades and is…
“The Japanese yen will be a good — and probably the best — candidate to hide from trade tensions and a U.S. recession, for a whole host of familiar reasons,” said Ebrahim Rahbari, head of rates strategy at Absolute Strategy Research. Zhang Xiaoyu | Xinhua News Agency | Getty Images Investors are flocking to safe…
Zimbabwe President Emmerson Mnangagwa has announced he will suspend tariffs on goods imported from the US in an attempt to build a “positive relationship” with President Donald Trump’s administration. The move comes days after Trump imposed 18% tariffs on Zimbabwean exports to the US. “This measure is intended to facilitate the expansion of American imports…
The US began collecting a 10% “baseline” tariff on all imports on Saturday as President Donald Trump urged Americans to “hang tough” after market turmoil. The UK and France are among hundreds of countries impacted and its leaders have said nothing is off the table. While China, which has been hit the hardest by President…
A man checks his phone next to an electronic board showing stocks on the Heng Seng Index in Hong Kong on April 3, 2025. Peter Parks | Afp | Getty Images China’s Foreign Ministry on Saturday said “the market has spoken” following the U.S. imposition of sweeping new tariffs and called for the White House…
Stephen McDonell BBC China correspondent Reuters Neither Donald Trump nor Xi Jinping looks like they are going to back down on tariffs soon American companies looking to sell into the huge Chinese market have just taken a big hit. A 34% price increase on all US goods entering the country will knock some out of…
The Phillips 66 Company’s Los Angeles Refinery in California. Bing Guan | Reuters The oil price outlook is being hit with more bearish forecasts on the back of U.S. President Donald Trump’s sweeping and market-hammering tariff announcements. Businesses and investors worry that a trade war and lower global growth lies ahead. Goldman Sachs on Thursday…
