FirstFT: Trump’s protectionist policies will hurt global growth, economists warn

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  Economists Fear Trump’s Tariff Policies Will Harm U.S. Growth

  A new survey finds a majority of economists fear protectionist plans by the President-elect will spark inflation and eventually undermine U.S. economic expansion.
  
  Inc. - 1d
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  Meta Appoints Joel Kaplan to Lead Global Policy, Replacing Nick Clegg

  Joel Kaplan, a former senior adviser to George W. Bush, replaces Nick Clegg, a former deputy prime minister of Britain, as Meta’s head of policy.
  
  The New York Times - 1d

• Meta Taps Republican as New Head of Global Policy

  Joel Kaplan is replacing former U.K. Deputy Prime Minister Nick Clegg as Silicon Valley prepares for the second Trump administration.
  
  The Wall Street Journal - 1d

• FirstFT: China’s central bank prepares for historic monetary policy shift

  Also in today’s newsletter, cold winter snap stokes US heating prices and a shake-up at the top of Meta
  
  Financial Times - 1d
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  UK heading for tax rises despite return to growth, economists say

  The FT’s annual poll forecasts better performance than France and Germany
  
  Financial Times - 1d
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  Joel Kaplan to replace Nick Clegg as Meta global policy leader

  Meta will switch up its global policy team in the new year and has appointed former George W. Bush administration official Joel Kaplan to replace Nick Clegg as the company's chief global affairs ...
  
  The Hill - 2d

• Get your house in order, Europe — or face 'ongoing decline,' economists warn

  Economists say the absence of growth, fiscal imbalances and political intransigence could lead to decline and a loss of standing for Europe as a whole.
  
  CNBC - 2d
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  Trump’s ‘Maganomics’ will hurt growth, economists tell FT polls

  On both sides of Atlantic, most surveyed claim protectionist shift will overshadow benefits of other policies
  
  Financial Times - 2d
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  Republican-run states see opportunity to push extreme policies under Trump

  Emboldened red states could advocate for rightwing reforms from steep tax cuts to slashes to education. Republican state lawmakers and conservative leaders around the United States see Donald ...
  
  The Guardian - 3d

More from Financial Times

• Trump’s shadow looms over Hungary and Poland

  Dealing with the next US administration will test Warsaw as it replaces Budapest in the EU’s rotating presidency
  
  Financial Times - 9h

• Will ‘pet tech’ products appeal as cost of animal ownership soars?

  Accessories include doggy sunglasses and feline ‘Fitbits’ — but there’s a contradiction at the heart of the petcare boom
  
  Financial Times - 15h

• The contradictions of Xi Jinping

  Two incisive studies of the Chinese president reveal a complex figure who is all too aware of the capricious nature of power
  
  Financial Times - 15h

• Secularists must remember that religion is on the rise

  Western rationalists have always assumed that atheism is the logical end point of prosperity. But I’m no longer so sure
  
  Financial Times - 15h

• Europe readies for scattergun defence-spend bonanza

  Sickly economies and budgetary pressures likely to hit proposals and any increase will be thinly spread
  
  Financial Times - 15h

More in World

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  New Israeli airstrikes in Gaza kill more than 20, hospital workers say

  Hospital staff in Gaza say the latest Israeli airstrikes have killed at least 21 people including at least two children
  
  ABC News - 9m
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  Ruben Amorim shapes up as Manchester United’s fall guy but rot runs deeper | Jonathan Wilson

  Unbending coach takes his side to Liverpool on Sunday, with attempts to kick club on undermined by a decade of misrule. The thought had always been that it couldn’t happen now. It’s just not ...
  
  The Guardian - 20m
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  Austrian chancellor says he will resign after talks on forming a new government fail

  Austrian Chancellor Karl Nehammer says he will resign in the coming days after talks on forming a new government failed a second time
  
  ABC News - 22m

• U.S. Plans $8 Billion Sale of Arms, Including Bombs, to Israel

  The Biden administration notified Congress of an $8 billion weapons package for Israel, one of the largest new arms sales since the war in Gaza began.
  
  The Wall Street Journal - 31m
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  Arsenal frustrated after João Pedro penalty earns Brighton draw

  If Arsenal are serious about winning the Premier League this season then Mikel Arteta may want to rethink his plans for the January transfer market. This was another two points dropped in the race ...
  
  The Guardian - 38m