Trump’s trade war will damage global growth, OECD warns
Forecasts downgraded for a dozen G20 economies and alarm sounded on ‘ratcheting up’ of trade barriers
Read more at Financial Times
-
Trump trade wars are slowing global growth and fuelling inflation, says OECD
Economic organisation downgrades forecasts for growth in UK as well as US, Canada and Mexico due to tariffs. Business live – latest updates Donald Trump’s trade wars are splintering the global ...The Guardian - 1d -
Trump’s Trade War Will Slow Global Economic Growth, OECD Says
Growth outlooks in the United States and several other countries are projected to slow this year and next, as uncertainty on trade and economic policy takes their toll.The New York Times - 21h -
U.S. and global economic outlooks cut by OECD as Trump's trade tariffs weigh on growth
"A series of recently announced trade policy measures will have implications for the economic outlook if sustained," the OECD said.CNBC - 1d -
FirstFT: OECD cuts global growth forecast
Also in today’s newsletter, Trump and Putin to hold Ukraine talks and Netanyahu plans to sack Shin Bet chiefFinancial Times - 1d -
Asia is a 'beacon of growth opportunities' as global trade war heats up, Singapore deputy PM says
Asia will remain a "beacon of growth opportunities" despite escalating global trade tensions, according to Singapore's Deputy Prime Minister Gan Kim Yong.CNBC - 6d -
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 - 6d -
A Tariff Pile-On Threatens to Escalate a Global Trade War
American trading partners responded swiftly to President Trump’s latest round of levies with countermeasures, creating more uncertainty for C.E.O.s.The New York Times - 6d -
Republicans warn Trump not to let trade war drag as he doubles down on tariff threats
Senate Republicans are warning President Trump to not let his trade war drag on as his latest escalation sent Wall Street further into turmoil. Trump on Tuesday threatened to double tariffs on ...The Hill - 6d -
Trump Expands Trade Threats in Global Game of Chicken
Trade wars with allies could spiral as the president tries to get trading partners to back down from retaliation with new threats of his own.The New York Times - 4d -
Global stock markets register heavy falls as White House tries to talk up Trump tariffs
Dow, S&P 500, Nasdaq and Nikkei all down by at least 2% and Tesla shares fall 15% for worst day since September 2020. Global stock markets have continued to fall amid fears that a wide-ranging ...The Guardian - Mar. 10 -
Gold hits $3,000 for first time on global growth fears
Precious metal has benefited amid steep sell-off in Wall Street stocks and concern over trade warsFinancial Times - 4d -
Global economy takes centre stage
OECD updates growth forecasts, a clutch of central banks set interest rates and the IOC picks a new Olympics presidentFinancial Times - 1d -
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 - 3d -
Kentucky Bourbon Makers Fear Becoming ‘Collateral Damage’ in Trump’s Trade War
Smaller distillers say the uncertainty created by the administration’s erratic tariff announcements is crippling their ability to expand into Canadian and EU markets.Inc. - 6d -
Copper may no longer be a good economic indicator, because of Trump’s global trade war
Copper topped $5 a pound Tuesday on Comex for the first time since May, but the industrial metal’s ability to offer signals about the health of the economy has been clouded by the trade war sparked ...MarketWatch - 1h -
Tesla tells US government Trump trade war could ‘harm’ EV companies
Letter from Elon Musk’s firm to US trade representative warns of ‘downstream impacts’ of tit-for-tat tariffs. Business live – latest updates Elon Musk’s Tesla has warned that Donald Trump’s ...The Guardian - 4d -
Australia’s record gold exports to US set back its case for tariff relief as Trump trade war looms
Industries across the country are bracing for the impact of the Trump administration’s worldwide tariff regime. Get our breaking news email , free app or daily news podcast A run on gold in ...The Guardian - Mar. 11 -
BMW warns of €1bn profit hit from global tariff war
Carmaker’s earnings down a third last year on weak demand from China and global recallFinancial Times - 4d -
FirstFT: Tesla warns Trump administration it is ‘exposed’ in trade war
Also in today’s newsletter, top Senate Democrat backs Republican funding bill, and China criticises Panama ports dealFinancial Times - 4d -
S&P and Nasdaq close up, Dow closes down after turbulent day amid trade war
An escalating global trade war hammered markets in recent days.ABC News - 5d -
Trade Wars - The return of Mark Carney
New Prime Minister of Canada vows to win trade war against President Trump.BBC News - Mar. 10 -
Ontario's Doug Ford warns of 'Trump recession,' threatens electrical shutoff to U.S.
Trump said that if Canada cuts off electricity exports to the United States as part of the ongoing trade war "they will pay a financial price for this."CNBC - 6d -
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 - Mar. 7 -
Investors slash US equity holdings by most ever, BofA survey shows
Threat to global growth from Trump’s trade tariffs sparks ‘bull crash’ in fund manager sentimentFinancial Times - 3h -
Trade tariffs are the new normal – and that’s unlikely to be positive for Australia | Sally Auld
US policy changes won’t have a large direct effect on the Australian economy but a global trade war can only be a drag on growth. Get our breaking news email , free app or daily news ...The Guardian - Mar. 10 -
Latest news on Trump's trade war with Canada, China
China and Canada have imposed retaliatory tariffs against the U.S. as part of the trade war surrounding President Trump's new policies. CBS News' Weijia Jiang reports.CBS News - Mar. 10 -
Trump 25% tariffs on steel and aluminum take effect, EU announces retaliation
Trump's tariff policies have rattled the stock market and raised fears of an economic slowdown, increased inflation and a global trade war.CBS News - 6d -
Northern Ireland risks becoming ‘collateral damage’ in transatlantic trade war
Post-Brexit deal means EU tariffs would apply, putting the region at a disadvantage if UK wins US tariff exemptionFinancial Times - 4d -
Price growth cooled more than expected in February, before Trump ramped up tariffs
The president took office promising to immediately lower inflation, but economists say his expanding trade war threatens progress on price hikes.NBC News - 6d -
Tariff timeline: How Trump turned global trade into an economic battlefield
Trump has praised tariffs as a fix for economic issues, but their erratic rollout and shifting reasons have worried investors. See a timeline of the president’s trade rhetoric.NBC News - 3d -
Latest news on Trump's trade war with Canada, shock in stock markets
President Trump's trade war with Canada is growing after Ontario's premier announced on a tax on electricity bound for the U.S. This comes as the stock markets are reacting negatively to Mr. ...CBS News - 6d -
Live Updates: Trade Fight Widens as Europe and Canada Retaliate Against Trump Tariffs
As President Trump’s global tariffs on metals took effect, the European Union and Canada announced billions of dollars in levies on American goods. Economists worried that the trade war could over ...The New York Times - 6d -
Trump doesn't rule out recession as trade war stirs uncertainty
As President Donald Trump doubles down on his escalating trade war against some of the country’s biggest economic partners, he is declining to rule out a recession as economic uncertainty grows. ...NBC News - Mar. 10 -
Trump doubles down on a trade war with Canada. Here’s where the U.S. gets its steel and aluminum.
President Donald Trump escalated his trade war against Canada, imposing new duties on steel and aluminum.MarketWatch - 6d -
‘I’m deeply disturbed’: My portfolio lost 20%. With Trump’s trade war, do I sell my stocks and buy gold?
“With the current state of domestic and global affairs, I’m at a loss as to how to keep my economic stability in check.”MarketWatch - 4d -
The U.S. growth outlook was just cut by the OECD on uncertainty and tariffs
The U.S. economic growth outlook — and even more so, Canada’s and Mexico’s — was lowered on Monday by the Organization for Economic Cooperation and Development due to policy uncertainty and the ...MarketWatch - 1d -
Evening Report — Trump digs in for long-term trade wars
Presented by National Council on Aging — President Trump is digging in for the long haul on his intercontinental trade war, even as the S&P 500 neared correction territory on Thursday. {beacon} ...The Hill - 4d -
Trump economic adviser: US 'launched a drug war, not a trade war' with Mexico, Canada
Kevin Hassett, the Trump administration’s National Economic Council director, said the United States has not launched a trade war with Mexico and Canada but “a drug war.” Hassett joined ABC News’s ...The Hill - Mar. 9 -
This Is Who Loses in a Trade War
Europe, not Canada, Mexico or China, is most vulnerable to the fallout from Donald Trump’s mercantilist policies.The New York Times - Mar. 10
More from Financial Times
-
Labour unveils disability benefits reforms that aim to save over £5bn
Move risks stoking biggest backbench rebellion of Sir Keir Starmer’s premiershipFinancial Times - 26m -
Why Europe cannot rely on French nuclear umbrella alone
France’s president opens debate over using country’s atomic arsenal as a deterrent against Russia if US scales back its presenceFinancial Times - 10h -
The US establishment is scared of its own shadow
Fear and muddled thinking are stopping Trump’s opponents from acting in defence of a democracy in perilFinancial Times - 3h -
Why do people keep buying printers they hate?
A puzzling tale of capitalism and consumer psychology at a time of technological changeFinancial Times - 10h -
German parliament approves Merz’s €1tn spending plan
Chancellor-in-waiting uses outgoing Bundestag to loosen debt brake and unleash investments in defence and infrastructureFinancial Times - 22m
More in Business
-
Google to acquire cloud security startup Wiz for $32 billion
Google signed a "definitive agreement" to acquire Wiz for $32 billion in an all-cash dealCNBC - 4m -
Trump says judge blocking deportations 'should be impeached,' DOJ challenges jurisdiction
Chief Judge James Boasberg grilled a Department of Justice lawyer at a Monday hearing on the deportations of alleged Tren de Aragua gang members.CNBC - 7m -
Here’s how many Social Security workers are taking a buyout — so far
The Social Security Administration announced earlier this year it intended to cut its 57,000-person workforce by about 12%.MarketWatch - 8m -
German parliament passes historic debt reform, paving the way for higher defense spend
The reforms include changes to the debt brake rule and the creation of an infrastructure fund.CNBC - 11m -
E.U. Hatches a Plan to Lure Investors Back to Europe
Each year, Europeans invest roughly $325 billion in companies and financial assets outside the region. Officials in Brussels say they have a plan to end that “capital flight.”The New York Times - 12m