Watching the President of the United States, Donald Trump, reveal in the Oval Office what he described as “a tremendous trade deal” with the United Kingdom reminded me of the 1990s sitcom Seinfeld—it was a show that was literally about nothing. To be clear, it’s not a deal. It’s more of a framework for an…
Container bookings from China to the US have already fallen by 60%, and orders for all kinds of Chinese products have been cancelled. When the effects of this slowdown hit the US, not only will consumers find it difficult to buy Chinese-made goods, so will many US businesses, which sell these imports or use them…
For all his grandstanding, barely three months since taking office, US President Donald Trump has virtually reversed his headline-grabbing tariffs, barring the de minimis 10% on all countries and 20-25% on steel, aluminium and automobiles. Item-specific tariffs on computers, smartphones and electronic peripherals from China have also been reversed for the moment, with a promise…
A week is a long time in politics,” quipped former UK prime minister Harold Wilson during the 1964 sterling crisis that led to the devaluation of the pound and eventually saw it replaced by the dollar as the international reserve currency. Fast forward to April 2025. To the turmoil in global markets in the week…
