Wall Street stock futures rise after temporary US tech tariff exemption
Gains come after two weeks of wild swings in financial markets
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US rare earth champion faces trade war test after tariffs halt China sales
MP Materials has been sending concentrates to Chinese partner as it races to expand in US
Policymakers fret over rising sovereign debt
Warning of ‘snowball effect’ from higher borrowing as governments come under pressure to improve public finances
Talks to save British Steel reach crunch point
The government has two days to reach a deal with the plant’s Chinese owners to keep blast furnaces running.
IMF warns of ‘major negative shock’ from Trump’s tariffs
Lender cuts forecasts for every major economy, with UK expected to grow by 1.1% this year, down from 1.6%
Donald Trump’s tariffs have unleashed a “major negative shock” into the world economy, the International Monetary Fund has said, as it cut its forecasts for US, UK and global growth.
In a stark assessment of the impact of the US president’s policies, as global finance ministers prepare to meet in Washington, the IMF said: “We expect that the sharp increase on 2 April in both tariffs and uncertainty will lead to a significant slowdown in global growth in the near term.”