UK races to secure coal needed to keep British Steel furnaces burning
Officials work to ensure shipments arrive in time after emergency government rescue
Economic_News
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We cannot return to the status quo before ‘liberation day’, with western economies hollowed out by free-market capitalism
Fundamentally wrong, brutal and paranoid. A preacher of voodoo economics, attacking the US’s allies and enemies alike. Condemnation of Donald Trump in the chaos since his “liberation day” has been swift.
For most people the self-inflicted damage makes no sense, and rightly so.
How will the ECB respond to Trump’s trade war?
Market Questions is the FT’s guide to the week ahead
No retreat on tariffs, Trump promised. Hours later, he blinked
As the economic and political pressure became unbearable, the US president changed course – but has the damage been done?
He vowed: “My policies will never change.” He insisted: “Sometimes you have to take medicine to fix something.” He boasted: “I know what I’m doing.” And at 9.33am on Wednesday, he entreated: “BE COOL. Everything is going to work out well.”
But less than four hours later, Donald Trump blinked. As the economic and political pressure became unbearable, the US president announced on social media that he would pause for 90 days higher trade tariffs for most countries, excluding China.
Why did the UK rush to save British Steel and what happens next?
The government now has the tricky task of running a costly and complex industrial operation