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US economy

  • Thursday, 17 April, 2025
    News in-depthTrump tariffs
    How a country ‘nobody has heard of’ ended up in Trump’s crosshairs

    Lesotho, which US policy turned into a hub for Levi’s jeans and Trump-branded golf shirts, faces economic devastation

    Garment workers in Lesotho
  • Thursday, 17 April, 2025
    European banks
    Santander deposes UBS as continental Europe’s most valuable bank

    Swiss lender’s market capitalisation has been hit harder by US tariffs than Spanish rival

    A sign in the window of a UBS Group AG bank branch in Geneva
  • Thursday, 17 April, 2025
    Chris Murphy
    Trump’s tariff policy has nothing to do with trade

    The president is using economic warfare to compel corporate loyalty

    Ewan White illustration of a man in a suit kissing the hand of Donald Trump, who is wearing a royal cloak over his jacket
  • Thursday, 17 April, 2025
    FT News Briefing podcast10 min listen
    Emerging markets’ surprising performance

    Federal Reserve chair Jay Powell is warning that US tariffs are ‘likely’ to put at r…

  • Wednesday, 16 April, 2025
    DeepSeek
    US House panel probes whether DeepSeek used restricted Nvidia chips

    Lawmakers say the Chinese AI group is a ‘profound threat’ to national security

    DeepSeek logo on a mobile phone
  • Wednesday, 16 April, 2025
    US foreign policy
    US places sanctions on Chinese refinery over Iran oil purchases

    Trump administration accuses Shandong Shengxing Chemical of buying crude as it increases pressure on Beijing and Tehran

    A gas flare on an oil production platform is seen alongside an Iranian flag
  • Wednesday, 16 April, 2025
    US equities
    Tech stocks sink after Nvidia reveals hit from US curbs on sales to China

    Chipmaker leads declines as Wall Street sell-off reignites

    Trader holds head in hands on stock exchange floor
  • Wednesday, 16 April, 2025
    Nvidia
    Nvidia blindsided by Trump’s curbs in multibillion-dollar blow to China sales

    US chipmaker reveals $5.5bn impairment, while full hit to China revenues could surpass $10bn

    Jensen Huang
  • Wednesday, 16 April, 2025
    US consumers rushed to buy cars ahead of Trump’s auto tariffs

    Vehicle sales jump in March before implementation of steep levies

    Ford vehicles for sale at a dealership in California in April 2025
  • Wednesday, 16 April, 2025
    Q&ATrade Secrets
    Q&A: How has Trump changed the world order?

    FT journalists answered questions on the changing trade, economic and geopolitical relationship between the US and its allies

    Combination image of Gideon Rachman, Kate Duguid, and Alan Beattie
  • Wednesday, 16 April, 2025
    Nvidia
    Nvidia to take $5.5bn hit as US clamps down on AI chip sales to China

    Trump administration’s curbs send chipmaker’s shares sliding

    The Nvidia logo
  • Wednesday, 16 April, 2025
    Trump tariffs
    Gavin Newsom says California to sue over Trump tariffs

    State governor argues duties will lead to job losses and higher prices

    Gavin Newsom
  • Wednesday, 16 April, 2025
    US-China trade dispute
    Trump tariff war to slash North American exports by 13%, warns WTO

    Ngozi Okonjo-Iweala says US-China trade conflict could ‘force countries to choose’ between the two

    Ngozi Okonjo-Iweala
  • Wednesday, 16 April, 2025
    News in-depthTrump tariffs
    Japan set for ‘guinea pig’ trade talks with US after Trump’s tariffs

    Tokyo first in line for negotiations that will be closely watched as test case of Washington’s trade war strategy

    Ryosei Akazawa arrives at the prime minister's office in Tokyo accompanied by several men in suits
  • Wednesday, 16 April, 2025
    Moral Money
    Trump’s ‘reciprocal’ tariffs would be debilitating for poor nations, UN trade body warns Premium content

    Also in today’s newsletter, being a member of the Net-Zero Banking Alliance just got a heck of a lot easier

    A woman stands inside a bustling factory in the Thetsane Industrial Area, Maseru, Lesotho. Workers are busy sewing jeans, surrounded by piles of denim and sewing machines.
  • Wednesday, 16 April, 2025
    Janan Ganesh
    Donald Trump’s gift to globalisation

    Not since the crash of 2008 has free trade held the moral and intellectual high ground

    Carl Godfrey illustration of a red shipping container with a white heart drawn on it.
  • Wednesday, 16 April, 2025
    UK inflation
    UK inflation falls more than expected to 2.6% in March

    Traders cement bets on at least three quarter-point interest rate cuts this year

    Chart showing UK inflation
  • Wednesday, 16 April, 2025
    Chinese economy
    China defies Trump’s tariffs with strong first-quarter growth

    Exporters frontload shipments to beat levies as US president says ‘ball’ is in Beijing’s court to start talks

    A container ship at the port in Qingdao in China’s eastern Shandong province
  • Wednesday, 16 April, 2025
    Trump tariffs
    Carmakers and parts suppliers fight over punitive tariff costs

    Clash comes as car companies hold crunch talks with Trump to head off 25% import tariffs

    A French employee of Valeo factory in Etables, northern France
  • Wednesday, 16 April, 2025
    Due Diligence
    How Wall Street got it wrong Premium content

    Plus, tariff threats push private equity groups to halt dealmaking and the high-yield bond market grinds to a halt

    An American flag hangs at the New York Stock Exchange
  • Wednesday, 16 April, 2025
    Katie Martin
    Advice to shell-shocked Americans from Brexit Britain

    Britons are skilled at navigating the humiliation unleashed by political and market chaos — allow us to give you some tips

    Andy Carter illustration of a person sheltering under an umbrella decorated with a Union Jack while another person dashes to avoid a downpour of dollar and red graph line symbols as they fall from the sky
  • Wednesday, 16 April, 2025
    The Big Read
    Europe helped teach China to make cars. Now the tables are turning

    The EU is trading market access for expertise in key technologies, just as Beijing once did

    Montage featuring a 2025 BYD vehicle and a 2006 Mercedes
  • Wednesday, 16 April, 2025
    LexUS tax
    Pay more tax? That is not in US companies’ D&A Premium content

    The choice of ebit versus ebitda matters quite a bit for many companies

    A black pen rests on a stack of US hundred-dollar bills
  • Wednesday, 16 April, 2025
    Leveraged loans
    Trade war fears put loan vehicles under pressure to sell riskiest debt

    Tariff-induced economic uncertainty prompts worries over potential defaults and downgrades

    A financial trader speaks on a fixed line telephone while monitoring data on computer screens on the trading floor inside the Amsterdam Stock Exchang
  • Wednesday, 16 April, 2025
    Private equity
    Private equity goes ‘risk off’ as it pauses dealmaking

    Buyout executives say economic uncertainty unleashed by US tariffs has made pricing assets challenging

    Bottles of Vanish oxi action stain remover on a shelf in a supermarket
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