Author: Press Room

President Trump’s announcement of sweeping tariffs on America’s trading partners has widened the rift between the United States and some of its closest allies while reconfiguring the global economic order.Mr. Trump’s plan, which he unveiled on Wednesday and is calling “reciprocal,” would impose a wave of tariffs on dozens of other countries. Among major economies hardest hit were the European Union, which will face 20 percent tariffs under the plan, and China, which will absorb an additional 34 percent on top of existing levies.“The scope and size of tariffs are both substantial and confirm the worst fears of the proponents…

February 1Donald Trump announces 25 per cent tariffs on imports from Canada and Mexico — except Canadian energy, to be tariffed at 10 per cent.US hits China with 10 per cent tariffs.In response, Canada puts 25 per cent tariffs on C$30bn (US$20bn) of US imports, rising to C$155bn after 21 days.Mexico promises tariffs and other retaliatory measures. China promises “necessary countermeasures”.Trump does not put tariffs on EU goods, which he had threatened to do.February 3Hours before they are to come into force, Trump delays tariffs on Canada and Mexico by a month. European leaders vow to hit back if Trump…

Stay informed with free updatesSimply sign up to the Investment Banking myFT Digest — delivered directly to your inbox.The worst thing that can happen to an investment bank is losing money, closely followed by failing to make money. But it’s often surprisingly disruptive to find your franchise is making money, but not in the places where you expected it to. It’s early in the year, obviously, but if 2025 continues in its current direction, we can expect to see some of the bloodiest and most acrimonious compensation committees in living memory.You can get something of a clue as to what’s…

Speaker Mike Johnson’s failed effort this week to shut down a bipartisan bid to allow new parents in Congress to vote remotely after the birth of a child highlighted the limits of his power and intensified a fight that has ground the House to a halt.The clash underscored — yet again — how dependent the speaker has become on President Trump to keep Republicans in line. And it raised questions about whether Mr. Johnson, in his haste to transform the House into an organ of compliance to Mr. Trump, may have lost sight of the importance of gauging what rank-and-file…

The Department of Agriculture said on Thursday that it had frozen federal funding for education programs in Maine, the latest in a barrage of actions targeting the state since its Democratic governor, Janet Mills, sparred with President Trump over the issue of transgender athletes at the White House in February.The agriculture secretary, Brooke Rollins, notified Ms. Mills in a letter that funding would be stopped while the agency reviews grants awarded to Maine by the Biden administration, many of which “appear to be wasteful, redundant, or otherwise against the priorities of the Trump administration,” Ms. Rollins wrote in the letter,…

Descrease article font size Increase article font size There’s a new room at the Edmonton International Airport (EIA) designed to support passengers with sensory sensitivities. The Sensory Room is on the departures level, across from Gate 49.It’s a peaceful escape from the busy airport environment and designed for those with autism, anxiety and other cognitive or neurodivergent challenges.“We talk about an airport for everyone, and that is something that we truly mean. We want people who are traveling to feel welcome here,” said Erin Isfeld, corporate communications manager for EIA.“There is an anxiety that is formed around travel, around getting…

Prime Minister Anthony Albanese says his Government will not seek to impose reciprocal tariffs on the US after US President Donald Trump slapped a 10 per cent tariff on Australia.“The unilateral action that the Trump administration has taken today against every nation in the world does not come as a surprise,” Mr Albanese said from Melbourne.“For Australia, these tariffs are not unexpected, but let me be clear: they are totally unwarranted.“President Trump referred to reciprocal tariffs. A reciprocal tariff would be zero, not 10 per cent.“The administration’s tariffs have no basis in logic, and they go against the basis of…

Pakistan’s mass deportation of Afghans is part of a nationwide crackdown to expel foreigners – whether they are living there legally or illegally. The government says it all boils down to its national security. Tensions have surged between the neighbours since the Taliban takeover of Afghanistan in 2021. Rights groups say deporting refugees will make a dire humanitarian crisis in Afghanistan even worse. What kind of future awaits them? Presenter: James Bays Guests: Waleed Karyab – Human rights activist Horia Mosadiq – Executive director of the Conflict Analysis Network Imtiaz Gul – Executive director of the Center for Research and…

President Donald Trump announced reciprocal tariffs during a highly anticipated “Make America Wealthy Again” event which he said will restore the American dream and bolster jobs for U.S. workers. “American steel workers, auto workers, farmers and skilled craftsmen,” Trump said from the White House Rose Garden Wednesday afternoon. “We have a lot of them here with us today. They really suffered, gravely. They watched in anguish as foreign leaders have stolen our jobs, foreign cheaters have ransacked our factories, and foreign scavengers have torn apart our once beautiful American dream. We had an American dream that you don’t hear so much…

Check out the companies making headlines in midday trading: Tesla — Shares jumped 5.3%. Politico , citing three Trump insiders, reported President Donald Trump told members of his inner circle that Tesla CEO Elon Musk could leave his current role in the coming weeks. Later, the White House called the report “garbage,” but NBC News confirmed Politico’s reporting. Amazon — Shares of the e-commerce and cloud giant popped 2%. The New York Times , citing three people familiar, reported that Amazon has put in a bid to acquire TikTok. The video app is staring down an April 5 deadline to…