Latest in Ex Fed bank leader: Trump tariffs dramatically raise risk of 'Smoot Hawley type outcome'
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Ex-Fed bank leader: Trump tariffs dramatically raise risk of 'Smoot-Hawley type outcome'
Former Federal Reserve Bank of St. Louis President James Bullard said early Monday that President Trump’s tariffs could risk severely worsening the economy, in a way that mirrors the consequences ...The Hill - 9h -
Trump’s Trade War Raises Bar for Fed Rate Cuts
Tariffs set to take effect this week risk stoking even higher inflation and slower growth than expected, complicating the central bank’s decisions on monetary policy.The New York Times - 5h -
The Fed shouldn’t try to save the world from Trump tariffs
Given its record, the risk is that the US central bank will do just thatFinancial Times - 19h -
Trump tariffs risk large euro-area ‘demand shock’, Greece’s central bank governor warns
Yannis Stournaras says looming trade war will drag on growth and inflationFinancial Times - 19h -
Republicans Ted Cruz, Rand Paul speak out on risks of Trump tariff policy
As fallout continues from Trump's severe tariff policy on virtually all U.S. trading partners, some GOP senators are warning about the risks for American families.ABC News - 7h -
Trump’s Tariffs Put the Fed in an Impossible Corner
Stakes are rising as Jerome Powell weighs recession concerns with inflation fears.Inc. - 3d -
Business leaders speak out about President Trump’s tariffs
Billionaire Trump backer Bill Ackman is among the business leaders who have criticized the president’s trade war. NBC News’ Christine Romans reports Ackman called the tariffs a mistake and urged a ...NBC News - 46m -
Republicans Like to Cut Taxes. With Tariffs, Trump Is Raising Them.
President Trump’s tariffs are scrambling the Republican plan for the economy, long centered on tax cuts and growth.The New York Times - 2d -
Goldman Sachs hikes recession probability to 45 percent
Goldman Sachs analysts are again raising the odds of a recession as markets continue to reel in the wake of President Trump’s sweeping tariff actions. The bank warned in a new report on Sunday that ...The Hill - 8h -
Caribbean is friend of US, not an enemy, regional leaders say over Trump’s tariffs
Barbados PM and Caricom chair calls on Washington to engage in talks to ‘keep prices down for all of our people’. The Caribbean is a friend, not an enemy, leaders in the region have told Donald ...The Guardian - 7h -
Why some business leaders are ‘afraid’ to speak out against tariffs
CNBC’s Andrew Ross Sorkin joins TODAY to discuss the economic uncertainty around President Donald Trump’s global tariffs and why some business leaders are “afraid” to speak out right now over fears ...NBC News - 11h -
Starmer vows not to raise taxes despite Trump’s tariffs
Prime minister says he will ‘seize the opportunity’ to make the economy more secureFinancial Times - 7h -
This Everyday Activity Raises Your Risk of Insomnia by 59 Percent, Massive New Study Warns
A huge new study shows this activity raises your risk of insomnia by more than half. You probably do it every day.Inc. - 15h -
JPMorgan Says ‘There Will Be Blood’ as Stocks Tumble and Recession Odds Grow to 60 Percent
Fed warns of ‘highly uncertain outlook’ as JPMorgan and other analysts increase recession odds in response to Trump’s tariff war.Inc. - 3d -
EU leaders seek united response to Trump’s tariffs
Plus, Wall Street traders poised to bail out bankers in Q1 results, and London gets a new toll crossingFinancial Times - 1d -
Global Leaders Rush to Woo Trump, Hoping to Sway Him on Tariffs
Dozens of foreign governments were trying to appeal to the president to have steep tariffs rolled back, but the president and his advisers have indicated negotiations could be difficult.The New York Times - 3h -
Why the US mortgage market is addicted to big government
Government guarantees on securitised home loans make them generally low risk — but Trump’s policymaking raises concernsFinancial Times - 19h -
Gulf Coast Shrimpers See Hope in Trump’s Tariffs
After years struggling to compete with cheaper, farm-raised imported shrimp, shrimpers from Florida to Louisiana are optimistic that the new tariffs will help them.The New York Times - 9h -
Trump is losing the confidence of business leaders, billionaire investor Bill Ackman says
Bill Ackman said that America is heading toward a self-inflicted "economic nuclear winter" as a result of President Donald Trump's tariff policy rollout.CNBC - 10h -
Trump shows no signs of backing off tariffs
The White House showed no signs Monday of backing off its implementation of sweeping tariffs on dozens of other nations, even as its approach rattled financial markets and raised the specter of an ...The Hill - 3h -
Thune: Bill to curb Trump’s tariff power doesn’t have a future
Senate Majority Leader John Thune (R-S.D.) says that a bipartisan bill to curb President Trump’s tariff power backed by seven Republican senators doesn’t have a future in Congress because Trump has ...The Hill - 3h -
JPMorgan chief Dimon warns trade war risks recession and higher prices
Donald Trump’s tariffs could cause long-lasting damage to US alliances, Wall Street banker tells shareholdersFinancial Times - 13h -
Does Trump Have an ‘Off Ramp’ From His Trade Fight?
With global markets again in free-fall, the president appeared to be losing support of business leaders, raising questions about his leverage in his trade fight.The New York Times - 11h -
China Retaliates Hard in Trade War by Slapping Tariffs on U.S. Goods
Canada and other countries also readied retaliation after President Trump raised U.S. tariff barriers to their highest level in more than a century.Inc. - 3d -
Trump’s tariffs are ‘teeing up a nationwide recession’, says Chuck Schumer – US politics live
House democratic leaders also condemn tariffs as group backed by Trump allies mount legal challenge to stop tariffs. EU ministers are in Luxembourg to consider the European Union ’s response to ...The Guardian - 1h -
FirstFT: Trump threatens additional 50 per cent tariffs on China
Also in today’s newsletter, a top Honda executive resigns, and Singapore start-up Airwallex seeks UK and US banking licencesFinancial Times - 1h -
Automakers seek ‘opportunity in the chaos’ of Trump’s tariffs
Ford and Stellantis are offering employee-pricing programs, while Hyundai said it would not raise prices for at least two months to ease consumer concerns.CNBC - 2d -
Democrats demand Senate GOP chair hold hearing on Trump tariff 'chaos'
Sen. Elizabeth Warren (D-Mass.) and other Democrats on the Senate Banking Committee are demanding that the panel’s chair, Sen. Tim Scott (R-S.C.), hold a hearing on President Trump’s authority to ...The Hill - 9h -
BoE asks banks whether clients have funding problems after Trump-induced market rout
Central bank’s Prudential Regulation Authority has so far found little sign of serious financial distressFinancial Times - 22m -
How do you price the risk of ‘economic nuclear winter’? The market hasn’t a clue | Nils Pratley
While US bosses look terrified of being labelled unpatriotic over Trump’s tariffs, stock markets are trading on guesswork. Volatility grips global stock markets as Trump insists on tariff ...The Guardian - 5h -
Trump’s Threatened Tariff on Buyers of Venezuelan Oil Could Squeeze China
Venezuela owes China’s banks about $10 billion, and its oil is about the only legal way it has to pay them back.The New York Times - 3d -
The weekend Trump’s tariff threats became real for global investors
If global long-only funds start to rotate out of risk the market, turmoil could get worseFinancial Times - 17h -
Billionaire Trump backer warns of 'economic nuclear winter' over tariffs
Bill Ackman says the US president should pause his planned import taxes - or risk shattering investors' confidence.BBC News - 4h -
Bitcoin drops to $74,000 before rebounding as cryptocurrencies join global market rout
Bitcoin broke below $80,000 as rattled investors braced for further carnage after Trump's tariffs raised global recession fears.CNBC - 5h -
Trump tariffs risk higher prices and make US recession more likely, says JP Morgan boss
Jamie Dimon believes effect of policy may be ‘hard to reverse’ if maintained for too long. European markets slump Business live – latest updates The JP Morgan chief executive, Jamie Dimon, ...The Guardian - 10h -
The Fed Isn’t Rushing to Save the Markets This Time
With stocks in a steep decline and tariffs inducing recession jitters, the patience of investors may be tested.The New York Times - 2d -
Apr 3: CBS News 24/7, 4pm ET
Michigan auto industry braces for Trump's 25% auto tariffs now in effect; Trump's tariffs draw rebukes from world leadersCBS News - 1h -
Trump looks for deals amid wild stock swings
{beacon} STOCKS FELL FOR A THIRD CONSECUTIVE DAY Monday as markets reel from ongoing uncertainty over President Trump's sweeping new tariffs and business leaders' warnings of potentially dire ...The Hill - 2h -
Argentina's Milei doubles down on Trump bromance as the world reels from trade shock
While the world’s leaders were wringing their hands over President Donald Trump’s announcement of sweeping tariffs on U.S. imports, Argentina’s right-wing president was ebullient, feted at Trump’s ...ABC News - 2d -
Apple's 3-day loss in market cap swells to almost $640 billion
Apple is reeling over concerns that President Donald Trump's tariffs could force the iPhone maker to raise prices or accept lower profits.CNBC - 2h