When US President Donald Trump announced the imposition of “reciprocal” tariffs on virtually the entire globe on April 2nd, many observers felt that they were witnessing a historic event—the “end of globalization as we know it”, the starting shot to an economic calamity on the scale of the Covid-19 pandemic or, as the prime minister … Read more
The impact of Donald Trump’s tariffs on EU and UK exports is likely to be far less than is commonly thought, writes Tsjalle van der Burg. But the uncertainty caused by Trump’s policies could still cause severe economic damage. One of the apparent aims of Donald Trump’s “Liberation Day” tariffs on 2 April was to … Read more
Megan Greene, one of the Bank of England’s most hawkish policymakers, said Donald Trump’s wave of global tariffs is more likely to weigh on prices in the UK than it is to stoke higher inflation. In an interview with Bloomberg TV on Tuesday, Greene said she has been on the cautious side of the BOE’s … Read more
Hong Kong must “gear up to fight a long battle” in the escalating trade war with the US by diversifying risks and accelerating brand upgrades, the city leader has said, citing views from local delegates to China’s top legislature and political advisory body. Chief Executive John Lee Ka-chiu hosted a closed-door seminar on Thursday at … Read more
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s economy grew a robust 5.4 per cent in the first quarter of this year as producers frontloaded exports to beat higher tariffs imposed by US President Donald Trump, official data showed. The GDP figures … Read more