Latest in Reciprocal Tariffs Sitting
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Morning Report — Senate takes up spending bill; Trump backs off on Canada tariffs
In today’s issue: Three days before a government funding deadline, the House on Tuesday narrowly passed a party-line stopgap funding bill that would mostly keep government funding at current ...The Hill - 4d -
Department of Education slashing nearly 50% of workforce; Steel and aluminum tariffs take effect
The Department of Education says half its workers are losing their jobs in a move that Education Secretary Linda McMahon says is meant to ensure "resources are directed where they matter most." CBS ...CBS News - 4d -
Goldman Sachs flinches and lowers its S&P 500 target. The mechanics are the interesting part.
It’s been tough for Wall Street strategists to hold their nerve in the face of the ever-changing tariff policy.MarketWatch - 4d -
China can live with Trump’s tariffs – his bullish foreign policy will help Beijing in the long term | Steve Tsang
By turning his back on US allies and global institutions, Trump will help Xi Jinping advance his plan for a China-centric world. Is Donald Trump China’s worst nightmare or a dream come true? He is ...The Guardian - 4d -
China's Commerce Ministry held talks with Walmart after report on price cut demand, state media says
Chinese and American companies should "work together" to respond to U.S. "unilateral imposition of tariffs," Chinese state media said.CNBC - 4d -
Porsche CEO says Volkswagen ties 'should play a role' amid U.S. tariff threat
Porsche is part of Volkswagen Group, which has an assembly plant and other facilities in the U.S.CNBC - 4d -
Is the US really heading into a recession?
Stock market falls, tariffs and other changes are reigniting fear of economic downturn in the US.BBC News - 4d -
Canada hits U.S. with $21 billion of retaliatory tariffs as global trade war heats up
The first shots of President Donald Trump’s global trade war have been fired.NBC News - 4d -
Canada cuts rates as trade war shakes consumer and business confidence
Reduction to 2.75% comes hours after US tariffs on aluminium and steel take effectFinancial Times - 4d -
Blackstone and Goldman Sachs CEOs see upsides to Trump’s policies
Comments from Wall Street bosses come as president’s import tariffs fuel US recession fearsFinancial Times - 3d -
From Mexico cartel safe house to US streets: BBC tracks deadly fentanyl targeted by Trump tariffs
As the president tries to force Mexico to stop the flow of drugs, cartel members tell Quentin Sommerville they will not be deterred.BBC News - 3d -
From Mexico cartel safe house to US streets: BBC tracks deadly fentanyl targeted by Trump tariffs
As the president tries to force Mexico to stop the flow of drugs, cartel members tell Quentin Sommerville they will not be deterred.BBC News - 3d -
From Mexico cartel safe house to US streets: BBC tracks deadly fentanyl targeted by Trump tariffs
As the president tries to force Mexico to stop the flow of drugs, cartel members tell Quentin Sommerville they will not be deterred.BBC News - 3d -
China steels itself for Trump turmoil with ‘DeepSeek congress’
Annual session of rubber stamp parliament highlights Beijing’s shifting priorities amid AI breakthroughs and US tariffsFinancial Times - 3d -
The Papers: 'Benefits turmoil' and 'deal or no steel'
A backlash over proposed reform to the welfare system leads many papers, as does news of Trump's tariffs beginning.BBC News - 3d -
An Australian politician called Trump’s tariffs a ‘dog act’ – but what does it mean and how offensive is it?
A ‘dog act’ isn’t simply ruffling someone’s feathers – it’s an act of betrayal. Caitlin Cassidy explains the meaning of the Australian phrase to Julia Hollingsworth.. Follow our Australia news ...The Guardian - 3d -
How Trump Is Helping Liberals Abroad
Voters are rallying behind some leaders who oppose President Trump’s tariffs, threats and insults. There’s a theory that explains why.The New York Times - 3d -
Jim Cramer's top 10 things to watch in the stock market Thursday
U.S. stocks were looking at a lower open following Trump's tariff news but cooler inflation reading.CNBC - 3d -
Here are our top and bottom 3 stocks since Trump tariff concerns shook the market
The tech-heavy Nasdaq Composite notched its worst day since 2022 on a string of disorienting trade policy moves.CNBC - 3d -
Dollar General CEO warns consumers are cash-strapped, and says 2025 won't be better
Tariffs and potential changes to government entitlement programs present potential further headwinds for core customers, said CEO Todd Vasos.CNBC - 3d -
Tracking Trump’s tariffs: What he’s proposed, when they hit and what could get more expensive
European alcohol is the latest product in the president’s crosshairs.MarketWatch - 2d -
S&P 500 falls further, down 10% from all-time high, as mood sours on Trump's tariff threats
The economic chaos unleashed by President Donald Trump has pushed the S&P 500 into a correction.NBC News - 2d -
Trump's Treasury chief on 200% EU tariff threat: 'Not sure why that's a big deal' for markets
Treasury Secretary Bessent did not answer when CNBC asked if Trump's announcement was "premeditated," or whether the Cabinet secretary knew about it in advance.CNBC - 2d -
Big Company CEOs Join Small Businesses, as Economic Confidence Wanes Amid Tariffs
A new survey of Business Roundtable CEOs mirrors earlier drops in small-business confidence.Inc. - 2d -
‘We Hear You, Mr. President’: The World Lines Up to Buy American Gas
Facing Trump tariff threats, governments and companies are proposing major investments in American liquefied natural gas projects.The New York Times - 2d -
Trump’s son talks golf not politics in meeting with Scotland’s first minister
John Swinney discusses investment with Eric Trump as tariff war intensifies and activists target TurnberryFinancial Times - 2d -
‘We Hear You, Mr. President’: The World Lines Up to Buy American Gas
Facing Trump tariff threats, governments and companies are proposing major investments in American liquefied natural gas projects.The New York Times - 2d -
Top diplomats from G7 countries meet in Canada as Trump threatens more tariffs on US allies
Top diplomats from Group of 7 have held a first day of talks in Canada as U.S. President Donald Trump's trade and foreign policies have thrown the bloc's once solid unity into disarrayABC News - 2d -
From London to New York via Switzerland: the booming trade in gold bars
Fears that Donald Trump could impose tariffs on gold imports have upended the marketFinancial Times - 2d -
FirstFT: Vladimir Putin pushes maximalist demands in Ukraine talks
Also in today’s newsletter, Tesla warns of exposure to retaliatory tariffs and DeepSeek focuses on researchFinancial Times - 2d -
From fashion to alcohol, these sectors are being swept up in the U.S.-EU trade war
The EU's tariffs will push up costs for a "raft of manufacturers, not least automakers and food producers."CNBC - 2d -
‘We’re ground zero’: Canada steel town is frontline of Trump’s tariff trade war
Mayor of city ‘with steel in its veins’ says ‘There’s a lot of tension … a lot of worry’ as 25% export levy kicks in. The sprawling ArcelorMittal Dofasco steel plant in Hamilton, Ontario has in ...The Guardian - 2d -
U.S. Consumer Sentiment Drops as Inflation Anxiety Soars
A new survey from the University of Michigan shows Americans bracing for economic pain as tariffs and policy uncertainty bite.The New York Times - 2d -
China courts global CEOs for Xi meeting
Planned contact comes as Beijing seeks support of international business and fends off Trump’s tariffsFinancial Times - 2d -
Consumer sentiment slumps in March to lowest since 2022 as Trump tariffs spark more inflation worries
The University of Michigan's Survey of Consumers was expected to show a reading of 63.2 for March.CNBC - 2d -
U.S. Consumer Sentiment Drops as Inflation Anxiety Soars
A new survey from the University of Michigan shows Americans bracing for economic pain as tariffs and policy uncertainty bite.The New York Times - 2d -
Tesla warns that Trump's trade war could hurt U.S. automakers
In an unsigned letter, Tesla encourages trade representative to reconsider tariffs, saying they could hurt U.S.-based car manufacturers.CBS News - 1d -
How the US economy lost its aura of invincibility
Tariffs and cuts to the federal workforce are raising uncertainty and sapping confidence, while investor exuberance has fadedFinancial Times - 1d -
US stocks rebound as government shutdown fears recede
Wall Street ending bruising week on front foot, but worries about economic impact of tariffs lingerFinancial Times - 1d -
Congress avoids a shutdown — and gives Trump more tariff power against Canada and Mexico
Congress avoided a government shutdown Friday evening, after the Senate passed legislation that funds the federal government through September at spending levels similar to the 2024 fiscal year.MarketWatch - 1d