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There are signs Trump could be ready to retreat on tariffs

UK growth forecast to slow sharply as Trump tariffs push confidence to record low
EY Item Club predicts GDP of only 0.8% this year as Ipsos Mori poll shows three-quarters of Britons expect economy to get worse
The UK economy is set to slow sharply for the next two years as Donald Trump’s global tariff war weighs on consumer spending and business investment, a study by a leading forecaster has predicted.
The findings by EY Item Club, which is sponsored by the big four accountancy firm EY, come as a separate survey reported that confidence in Britain’s economy has fallen to the lowest level on record.

Despite Pope Francis’s wishes, there’s little appetite for richer nations to help the poorest
Trump’s tariffs will make it tougher for emerging economies to service loans but debt relief has fallen off the political agenda
Pope Francis’s vast funeral in Rome on Saturday featured a certain amount of politicking amid the splendour, against the magnificent backdrop of St Peter’s basilica.
If the meeting between Volodymyr Zelenskyy and Donald Trump results in progress towards a less inequitable peace than the one currently envisaged by the US, perhaps that will be fitting, given the late pontiff’s consistent calls for an end to war.

The S&P 500 is still significantly overpriced
