Economy news

• FirstFT: China steps up global propaganda push against US trade war

  29-04-2025 23:55 via ft.com
  Also in today’s newsletter, Canada’s Carney prepares to take on Trump, and China’s copper stockpiles set to run out
  
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• Trump set to announce new car tariff climbdown in Michigan

  29-04-2025 21:04 via ft.com
  Latest softening follows lobbying by industry concerned that US trade war will raise its costs
  
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• Mexico reaches deal with US in water dispute

  29-04-2025 20:03 via ft.com
  President Claudia Sheinbaum says more water will be sent north in deal agreed amid tariff talks
  
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• The improbable triumph of Canada’s Mark Carney

  29-04-2025 19:56 via ft.com
  The prime minister owes his job to Donald Trump. Now he must take him on
  
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• Wall Street banks predict GDP contraction after US trade deficit hits record

  29-04-2025 19:55 via ft.com
  Companies rushed to import foreign products in March ahead of imposition of wide-ranging levies
  
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• Coca-Cola sales under pressure from Trump’s ‘America First’ policies

  29-04-2025 19:49 via ft.com
  Danish and Mexican consumers are among those turning away from soft drink that is emblematic of the US
  
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• Why the US will lose against China

  29-04-2025 18:25 via ft.com
  Trump’s unreliable America is throwing away the assets it needs
  
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• The UK’s inflation figures were wrong and now we just have to live with that

  29-04-2025 17:53 via ft.com
  CPI in the rear-view mirror
  
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• White House lashes out at ‘hostile and political act by Amazon’

  29-04-2025 17:18 via ft.com
  Spat comes after report alleged tech giant was planning to display price increases caused by Trump’s tariffs
  
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• US goods trade gap hits record high as Trump tariffs prompt import surge

  29-04-2025 16:30 via ft.com
  Companies rushed to purchase foreign products ahead of imposition of wide-ranging levies
  
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• Trump’s first 100 days mark worst for US stock market since Gerald Ford

  29-04-2025 15:31 via ft.com
  S&P 500 on course to lose 8% since inauguration day in weakest start to a presidency since 1970s
  
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• Trump tariffs will push up bad loans for lenders, BoE warns

  29-04-2025 15:09 via ft.com
  PRA chief Sam Woods says regulator is monitoring impact of import taxes on lenders
  
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• Warsh delivers Fed a blast of cold heir

  29-04-2025 13:31 via ft.com
  How would the former central bank governor change the institution?
  
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• GM pauses share buybacks over Trump tariff uncertainty

  29-04-2025 12:36 via ft.com
  
  US carmaker reports fall in quarterly profits and abandons guidance amid trading turmoil
  
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• Mark Carney: democracy’s unTrump

  29-04-2025 12:31 via ft.com
  America’s 47th president plays unwitting ally to non-populists everywhere except at home
  
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• Spotify adds subscribers as music lovers tune out Trump tariff ‘noise’

  29-04-2025 12:01 via ft.com
  Streaming group reaches 268mn paying subscribers in strongest first-quarter growth since 2020
  
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• AstraZeneca ‘committed’ to US manufacturing as profits rise

  29-04-2025 11:45 via ft.com
  Anglo-Swedish pharma company’s first-quarter earnings boosted by strong demand for cancer drugs
  
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• Canada’s Carney prepares to take the west’s anti-Trump mantle

  29-04-2025 11:09 via ft.com
  
  Election hands victory to centrist leader who vowed to defy the US president
  
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• Canada’s Carney prepares to take on Trump after ‘American betrayal’

  29-04-2025 11:09 via ft.com
  Election hands victory to centrist leader who vowed to defy the US president
  
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• China calls US a ‘small stranded boat’ in propaganda campaign

  29-04-2025 10:54 via ft.com
  
  Beijing hardens rhetoric as it rolls out social media videos portraying itself as standing up to American ‘bullying’
  
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• Porsche and Volvo report sharp falls in profits as industry reels from Trump tariffs

  29-04-2025 10:08 via ft.com
  Carmakers have cut or withdrawn guidance for this year as full impact of trade war remains unclear
  
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• Porsche and Volvo profits sink as industry reels from Trump tariffs

  29-04-2025 10:08 via ft.com
  Carmakers have cut or withdrawn guidance for this year as full impact of trade war remains unclear
  
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• Porsche and Volvo Cars profits sink as industry reels from Trump tariffs

  29-04-2025 10:08 via ft.com
  Carmakers have cut or withdrawn guidance for this year as impact of trade war remains unclear
  
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• Has sentiment bottomed out?

  29-04-2025 07:30 via ft.com
  The darkest hour and the dawn
  
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• There’s still ‘A Better Way’ (than tariffs)

  29-04-2025 07:00 via ft.com
  A tariff is a tax, but a tax is not a tariff
  
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• Trump's breakneck start is fraught with political risk

  29-04-2025 06:53 via bbc.com
  Sarah Smith: After 100 days of action and noise, there are dangers to the administration's shock-and-awe approach.
  
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• FirstFT: Mark Carney’s Liberals win crucial Canadian vote

  29-04-2025 06:46 via ft.com
  Also in today’s newsletter, Ukraine peace talk fears and Trump’s first 100 days
  
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• Vision of a Trump master plan is fading in a storm of incoherence

  29-04-2025 06:00 via ft.com
  There are relatively orthodox figures in his administration, but they lack consensus and the inclination to stand up to him
  
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• US declaration of world trade war tests resolve of WTO members

  29-04-2025 06:00 via ft.com
  Director-general of the multilateral institution says challenge could be beneficial, but others warn of looming ‘chaos’
  
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• Trump’s tariff thunderbolt strikes a world with proven resilience

  29-04-2025 06:00 via ft.com
  The WTO may be weakened, but a pragmatic resistance to protectionism among other nations could save world trade
  
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• The real lessons from the Plaza and Louvre accords

  29-04-2025 06:00 via ft.com
  Sustainable adjustments to trade imbalances require supportive monetary and fiscal policies — not just currency intervention
  
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• Nevada lithium miner confident of finding new investor despite weak prices

  29-04-2025 06:00 via ft.com
  
  Ioneer’s Rhyolite Ridge project part of US ambitions to secure supply of critical minerals
  
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• EU faces trade war on many fronts

  29-04-2025 06:00 via ft.com
  Challenges include achieving unity among member states on trade pacts and its negotiating stance with the US
  
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• Emerging markets set to become battlegrounds in trade war

  29-04-2025 06:00 via ft.com
  Developing nations face a poisoned chalice of influx of cheap goods from China and tariff penalties for trade diversion
  
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• ‘Core’ GDP is the signal among all the noise

  29-04-2025 06:00 via ft.com
  Against an uncertain policy outlook, we need to utilise durable economic statistics that tell the real story
  
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• Companies find themselves caught in deglobalisation crossfire

  29-04-2025 06:00 via ft.com
  The unravelling of complex supply chains will put major industries at risk, even in the US, executives say
  
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• China’s copper supplies set to run out as US tariffs bite, says Mercuria

  29-04-2025 06:00 via ft.com
  Market suffers one of ‘greatest tightening shocks’ in its history as traders race to get ahead of potential levies
  
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• Amazon pressures suppliers to cut prices to limit Trump tariff shock

  29-04-2025 06:00 via ft.com
  Trade war leads ecommerce group to seek steep discounts from sellers, particularly from China
  
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• Chinese carmakers reset European ambitions as EU tariffs bite

  29-04-2025 05:25 via ft.com
  Extra costs have hit the price competitiveness of many groups while some have struggled to expand distribution networks
  
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• UK food inflation hit 11-month high in April

  29-04-2025 01:01 via ft.com
  Increase in price of essential items comes as retailers grapple with higher employment costs
  
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• FirstFT: China says it can do without US farm and energy imports

  29-04-2025 00:00 via ft.com
  Also in today’s newsletter, Toyota’s $42bn take-private plan, and Pirelli strips China’s Sinochem of control
  
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