Steve Rosenberg Russia Editor Getty Images At the St Petersburg International Economic Forum, a Russian MP came up to me. “Are you going to bomb Iran?” he asked. “I’m not planning to bomb anyone!” I replied. “I mean you, the British…” “Don’t you mean Donald Trump?” “He’s told what to do by Britain,” the man...
Sarah Smith North America editor Getty Images Since returning to power, US President Donald Trump has wielded tariffs – or the threat of them – as his economic weapon of choice. He has slapped import duties against allies and adversaries alike, and raised their rates to staggeringly high levels, only to change his mind and...
There was a happy piece of data that came in first thing this morning. The Consumer Price Index (CPI)Â did another little round of moderation right as everyone was holding their breath, waiting for the worst of Liberation Day to start hitting. NOT SO FAST Inflation eased to a four-year low in April as the nascent...
The first 100 days of Donald Trump’s second presidency have brought about big, destructive changes in U.S. society and culture as well as on the environment. They have also caused real damage to the economy, which has gone on reverse on almost all fronts since Trump took office. By talking out of both sides of...
Everything is easy, as long as you don’t have to consider reality. A while back, I wrote about Biden’s Chairman of the Council of Economic Advisors, Jared Bernstein, who literally couldn’t explain what money is, where it comes from, or why the federal government didn’t just print as much as it wants and not borrow...
    What is it about politicians in Washington that they just can’t stand progress or the thought of anyone getting rich?     That’s the attitude of many Democrats in Congress as they try to cripple the private equity and venture capital industries with higher tax rates. These financers are...
    What is it about politicians in Washington that they just can’t stand progress or the thought of anyone getting rich?     That’s the attitude of many Democrats in Congress as they try to cripple the private equity and venture capital industries with higher tax rates. These financers are...
Getty Images Bill Ackman switched allegiance to Trump before the 2024 presidential election A billionaire backer of Donald Trump has urged the US president to pause his recently announced trade tariffs, or risk “a self-induced, economic nuclear winter”. Amid market turmoil, hedge fund manager Bill Ackman said the president should take three months to allow...
Pool/BBC President Donald Trump has built another wall, and he thinks everyone else is going to pay for it. But his decision to impose sweeping tariffs of at least 10% on almost every product that enters the US is essentially a wall designed to keep work and jobs within it, rather than immigrants out. The...
Getty Images Donald Trump, in announcing his sweeping new tariffs on US imports on Wednesday, promised that the history books would record 2 April as America’s “liberation day”. After two days of stock market turmoil, however, this may also be remembered as the week the president’s second-term agenda ran headfirst into economic – and political...
Few of this morning’s papers avoid mentioning the global trade war Donald Trump kicked off on Wednesday, with many reporting a version of the banner used on the front of the Daily Mirror: “World faces economic war”. Under the headline “Trading blows” the paper reports universal 10% tariffs will be placed on all imports into...
Sir Keir Starmer and Donald Trump have agreed that “productive negotiations” about an economic deal between the UK and US will “continue at pace”, Downing Street has said. The Sunday night phone call between pair comes after sources at No 10 said the government was prepared to retaliate against US tariffs if needed. Trump has...
Economists are warning of a looming recession as the Trump administration faces a spiraling housing crisis that is currently leaving millions of low-wage workers, seniors and people with disabilities vulnerable to homelessness. Next to inflation, Americans rank the cost of housing as their top financial concern. The nation faces a shortage of nearly 7 million...