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What America’s stockmarket plunge means

Farewell to 15 years of exceptionalism?

Published on: April 03, 2025 | Source: Economist - Finance favicon Economist - Finance

Small-cap benchmark Russell 2000 becomes first major U.S. stock measure to enter bear market

Small-cap stocks officially entered bear market territory on Thursday, seeing at least a 20% loss since their latest high.

Published on: April 03, 2025 | Source: CNBC International favicon CNBC International

Trump tariffs open rift among top Republicans in Washington

US president’s trade war draws criticism from some senators and big donors

Published on: April 03, 2025 | Source: Financial Times - World favicon Financial Times - World

Apple loses more than $300bn in market value from Trump tariff hit

iPhone maker one of Wall Street’s biggest casualties despite Tim Cook’s efforts to court US president

Published on: April 03, 2025 | Source: Financial Times - World favicon Financial Times - World

Stellantis idles plants in Mexico and Canada due to tariffs

About 900 U.S.-represented employees at supporting plants will be temporarily laid off, in addition to about 4,500 hourly workers at the Canadian plant.

Published on: April 03, 2025 | Source: CNBC International favicon CNBC International

Trump fires national security officials after activist alleges disloyalty

Sackings come as top adviser Mike Waltz faces pressure for discussing military strikes in Signal chat

Published on: April 03, 2025 | Source: Financial Times - World favicon Financial Times - World

Trump's massive 46% Vietnam tariffs pummel Nike, American Eagle and Wayfair

The country became a popular alternative for furniture, apparel and toymakers trying to avoid the crossfire of U.S. trade tensions with Beijing

Published on: April 03, 2025 | Source: CNBC International favicon CNBC International

The American consumer’s identity crisis

A vibe shift, heralded by a sea of red

Published on: April 03, 2025 | Source: Financial Times - World favicon Financial Times - World

Trump triggers race to offer US concessions before tariffs hit

Nations prepare offers to Washington including weapons deals, dropping their own tariffs and moves against China

Published on: April 03, 2025 | Source: Financial Times - World favicon Financial Times - World

Davos forum founder Klaus Schwab to step down as chair of trustees

Head of body that hosts elite business conference says event must recover β€˜sense of mission’

Published on: April 03, 2025 | Source: Financial Times - World favicon Financial Times - World

UK promises rapid review of NHS drug-pricing rebate

Under the scheme, drugmakers discount the price of medicines sold in bulk to the healthcare system

Published on: April 03, 2025 | Source: Financial Times - World favicon Financial Times - World

Oil slides as Opec+ lifts output and tariffs spark global growth fears

Unexpected increase in supply comes as concern over world economy hits several commodities

Published on: April 03, 2025 | Source: Financial Times - World favicon Financial Times - World

How Trump’s tariffs will hit the UK economy

Exporters from cars to whisky hit, while economists warn of growth impact

Published on: April 03, 2025 | Source: Financial Times - World favicon Financial Times - World

How to sift through Trump’s retail discount rack

Merchants that buy and sell excess merchandise from top brands might benefit from the trade war

Published on: April 03, 2025 | Source: Financial Times - World favicon Financial Times - World

How did the U.S. arrive at its tariff figures?

The White House on Wednesday listed new tariff rates for different countries. It didn't take long for market observers to try to reverse engineer the formula.

Published on: April 03, 2025 | Source: CNBC International favicon CNBC International

Fitch downgrades China’s sovereign debt over spending and tariffs

Beijing denounces β€˜biased’ move by rating agency, insisting country’s economic foundations are stable

Published on: April 03, 2025 | Source: Financial Times - World favicon Financial Times - World

America’s astonishing act of self-harm

Trump’s tariffs will upend the global economic order and tarnish US prosperity

Published on: April 03, 2025 | Source: Financial Times - World favicon Financial Times - World

Jeep and Chrysler maker Stellantis to furlough 900 US workers

Component facilities in Michigan and Indiana are hit after carmaker idles production in Canada and Mexico

Published on: April 03, 2025 | Source: Financial Times - World favicon Financial Times - World

Dollar drops as Trump’s tariffs stoke economic fears

European and US markets fall sharply as investors react to trade broadside

Published on: April 03, 2025 | Source: Financial Times - World favicon Financial Times - World

Falklands toothfish caught in Trump’s tariff dragnet

Islands’ exports to US β€” a category composed almost entirely of a succulent deep-sea fish β€” will face 42 per cent levy from next week

Published on: April 03, 2025 | Source: Financial Times - World favicon Financial Times - World

European banks exposed to risk of US dollar shortfall, says EU watchdog

Banking regulator finds 60 out of 267 banks have insufficient US dollar funding to cover exposures in the currency

Published on: April 03, 2025 | Source: Financial Times - World favicon Financial Times - World

O dirang, Donald?

That’s Sesotho, and this is a post on that Lesotho tariff

Published on: April 03, 2025 | Source: Financial Times - World favicon Financial Times - World

UK cuts portion of foreign aid budget spent on asylum seekers in Britain

Costs have fallen because fewer hotels are being used and migrant returns have risen sharply

Published on: April 03, 2025 | Source: Financial Times - World favicon Financial Times - World

Sweeping tariffs threaten β€˜Factory Asia’

Trump administration’s moves put β€˜China plus one’ manufacturing strategy at risk

Published on: April 03, 2025 | Source: Financial Times - World favicon Financial Times - World

These bizarre locations have been hit by Trump's tariffs β€” including an uninhabited island

U.S. President Donald Trump's aggressive and far-reaching "reciprocal tariffs" were signed into effect on Wednesday, hitting over 180 countries.

Published on: April 03, 2025 | Source: CNBC International favicon CNBC International

Auto giants surprisingly resilient as sweeping U.S. tariffs spare Canada and Mexico for now

Shares of some of the world's biggest automakers appeared surprisingly resilient on Thursday.

Published on: April 03, 2025 | Source: CNBC International favicon CNBC International

See Trump's list: More than 180 countries and territories facing reciprocal tariffs

Trump's plan sets a 10% baseline tariff across the board. But the president's list makes it clear that many countries will face significantly higher rates.

Published on: April 03, 2025 | Source: CNBC International favicon CNBC International

China urges U.S. to 'immediately' cancel reciprocal tariffs, vows countermeasures

U.S. President Donald Trump announced a baseline tariff of 10% on most imported goods from global trading partners.

Published on: April 03, 2025 | Source: CNBC International favicon CNBC International

Pharma tariff relief likely short-lived with sector-specific duties on the horizon

Pharmaceutical companies breathed a sigh of relief on Wednesday, but the tariff reprieve could prove fleeting.

Published on: April 03, 2025 | Source: CNBC International favicon CNBC International

European retail shares hammered, Adidas down 10% as Southeast Asia hit with eye-watering U.S. tariffs

A host of goods sold toU.S. consumers by European companiesare manufacturedin, or pass through factories in,Southeast Asia.

Published on: April 03, 2025 | Source: CNBC International favicon CNBC International

Eight OPEC+ producers accelerate crude oil output hikes, pushing oil prices 6% lower

Eight key OPEC+ producers on Thuesday agreed to raise combined crude oil output by 411,000 barrels per day, pushing down oil prices.

Published on: April 03, 2025 | Source: CNBC International favicon CNBC International

Canada Trade Balance Turns to Deficit as Threats Grow

Canada’s exports to its biggest customer, the US, as well as other countries plunged in February, as threats and implementation of the Trump administration’s tariffs started to redraw global trading flows.

Published on: April 03, 2025 | Source: Bloomberg Politics favicon Bloomberg Politics

UK escapes worst of Trump's tariff wrath with 10% levy but warns of 'threat' to global economy

The U.K. escaped relatively unscathed compared with many other nations, facing the lowest trade tariff that Trump announced Wednesday.

Published on: April 03, 2025 | Source: CNBC International favicon CNBC International

Trump will 'buckle under pressure' if Europe bands together over tariffs, German economy minister says

U.S. President Donald Trump could change his trade policies if he comes under pressure from trading partners, German economy minister Robert Habeck suggested.

Published on: April 03, 2025 | Source: CNBC International favicon CNBC International

Financial markets flail in the face of America’s tariffs

Asia is hit hardest, but nowhere looks good

Published on: April 03, 2025 | Source: Economist - Finance favicon Economist - Finance