Trump plans to stockpile deep sea critical metals to counter China
US drafting order to collect ‘nodules’ from Pacific seabed for minerals used in battery supply chains
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In the face of Trump’s mayhem, Europe is the direction to which the UK must turn – and Keir Starmer knows it | Tom Baldwin
The PM will not antagonise the unpredictable president, but it is clear to No 10 that Trump is the problem and the solution lies elsewhere
- Tom Baldwin is the author of Keir Starmer: The Biography
Keir Starmer was back at the Emirates Stadium on Tuesday to watch Arsenal’s 3-0 win over Real Madrid, a result that far exceeded expectations of his team’s chances in Europe. And, over the next few days, I wouldn’t be surprised if he tries to snatch a short Easter break in the warmth and sunshine of that same continent.
Football and family holidays offer him some much needed relief from the grim reality of a faltering economy, towering public debt and terrifying global insecurity, which are all being made worse on a daily – sometimes hourly – basis by Britain’s closest ally of the previous 80 years.
Did Trump’s tariffs kill economic populism?
Lasting damage has been done not only to Trump’s political credibility but to globalisation as a system
At the beginning of this helter-skelter week, Downing Street was declaring globalisation not only dead but a failure. Now, only five trading days later, the autopsy is still under way but the victim may instead be economic populism, strangled by Wall Street, the citadel of globalisation. Donald Trump’s so-called liberation day may in fact have been the anti-globalist’s entombment day.
In an effort to deny even a tactical retreat, Trump’s aides insist the White House goal all along was not to weaken globalism, or even to protect the US economy with tariffs, but instead to get into a negotiation to lower tariffs around the world and to punish China. As cover stories go, it is hardly credible, partly because the tariffs were repeatedly lauded by Trump as a macroeconomic revenue-raising measure, or a means to bolster US manufacturing.
US dollar’s haven status under threat, fund managers warn
Erratic policymaking and rising trade barriers are jeopardising confidence in the currency
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Trump’s chaotic trade policy has caused many to question their pension strategy — FT Money went looking for answers
Putin’s war chest under threat as oil prices slide
Donald Trump’s tariff war adds pressure to Russian economy