Global stocks soar as Donald Trump backs down from trade war
Washington pauses most tariffs against countries that have not retaliated but increases levies on China
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Trump’s tariffs may be reduced but their impact will be felt in the UK and beyond
We examine potential consequences of US president’s market chaos, which could reach every corner of global finance and economy
Donald Trump may have stepped back from his huge tariff rises on every country, except China, which now faces 125%, but the impact of the market chaos is likely to continue in the UK and beyond. The rest of the world still faces a blanket 10% tariff on all US exports.
While much of the focus has been the direct impact of the tariffs on physical goods, Trump’s actions threaten to reach every corner of global finance and the economy.
Gordon Brown calls for ‘economic coalition of the willing’ to tackle Trump tariffs
Former PM says it is also the moment for the UK to go even further in renewing ties with the EU
Gordon Brown has called for an “economic coalition of the willing” to respond to Donald Trump’s tariffs with coordinated economic policies, including a reduction of interest rates.
The former prime minister also said it was a moment for the UK to go even further in renewing ties with the EU, suggesting it should mean “collaboration that is even more extensive than removing post-Brexit trade barriers”.
Oil price plunge puts US shale production in peril
Executives say trade war and Opec output surge create toughest challenge since the Covid-19 pandemic
Private equity is more stuck than ever — and secondaries will benefit
Investors with cash during a crisis can benefit, but PE-owned companies tend to have a lot of debt
EU weighs buying more US gas due to Trump tariff pressure
Bloc may push to buy more LNG from the US if it fits with green goals, European energy commissioner Dan Jørgensen says