EU must brace for impact of Trump wrecking ball on global trading system | Heather Stewart

UK appears to be out of US eyeline for now but it would not be immune to slowdown triggered by rising tariffs

Forget the “Trump put”, as financial analysts called the bet that the US president’s policies would unleash a winning era for the nation’s stock markets. By Friday, the chat was of the “Merz spurt”.

The decision by Friedrich Merz, the German chancellor-in-waiting, to cut a deal on ditching Germany’s debt brake – still to be confirmed by the outgoing parliament – marked a seismic shift.

Topics

Sweeping Tariffs Threaten to Undo a 30-Year Trade Alliance

The stiff tariffs President Trump briefly imposed on Mexico and Canada this week could have pushed those allies into recession. The impact for America would be messy.
The New York Times - 2d
Trump 2.0 is leaving investors 'overwhelmed' — and strategists warn the volatility isn't over

Global markets have seen choppy trade as investors react to the U.S. President’s tariff policies.
CNBC - 2d
A Tariff Tantrum: the Upheaval from Trump’s Trade Policies

Corporate chiefs see “chaos,” and investors see red as the effect of President Trump’s shifting trade policy begins to weigh on board rooms and trading rooms.
The New York Times - 2d
US exits fund that compensates poorer countries for global heating

Trump pulls out of Cop28 loss and damage deal that recognises harms done by richer, polluting economies to vulnerable nations. The Trump administration has withdrawn the US from a global agreement ...
The Guardian - 2d
Alarmed by Trump, Poland Must Look at Nuclear Options, Premier Says

As President Trump casts doubt on U.S. alliances, Poland needs to double its military manpower and consider more destructive weapons, Prime Minister Donald Tusk said.
The New York Times - 1d
Trump has microwaved my Cornetto of hope | Stewart Lee

The gadfly-minded abuser has openly threatened Greenland, Ukraine and Europe. He, and America, are the enemy now. I’d say writing comedy about the ever-shifting opinions of Donald Trump, the Speedy ...
The Guardian - 9h
How the Tax Bill Could Impact Your Wallet

Brackets may change. The standard deduction could fall. And President Trump will probably not remove taxes on Social Security income.
The New York Times - 1d
Rohingya refugees in Bangladesh brace for upcoming food reductions as aid agencies cut funding

Rohingya refugees in crammed Bangladeshi camps say they are worried about a U.S. decision to cut food rations by half beginning next month, while a refugee official says the reduction will impact ...
ABC News - 15h
Bill Gates: My 'favorite' author's newest book is a must-read—it shows how food can become more affordable

"How to Feed the World," a book about global food supply, is the latest book from Vaclav Smil — who can count Bill Gates as one of his biggest fans.
CNBC - 1d