Senior Fed official helps ease market jitters by signalling readiness to act if market strains grow

But only now are asset managers beginning to reconsider the story of America as an inexhaustible well of safe bets

International visitors stay away as political and economic tension and fears of a hostile border rise

Officials around the world are dashing to diversify their economies. But the fight between the US and China casts a long shadow

US central bank prepared to act with ‘various tools’, Susan Collins says

The former hedge fund manager is being asked to lead negotiations with foreign governments amid America’s self-inflicted hit

Chancellor welcomes striking official data as allies set out ‘four-pronged response’ to Trump tariffs

Public ownership could be the saviour of the UK’s remaining steel industry

Dollar also came under pressure as Donald Trump’s tariffs test confidence in US assets

President’s trade war likely to raise unemployment and slow economic growth ‘considerably’, says John Williams

Prime minister announces recall of parliament as government races to prevent closure of UK’s last two blast furnaces

Parking money in America is no longer the routine, fuss-free, neutral option

Investors rush away from junk bonds and leveraged loans on rising recession fears

Trump tariffs ‘beyond anything I could have imagined in my 49 years in finance’, says chief of world’s largest asset manager

US lender reports 26 per cent rise in first-quarter profits, powered by its equities trading business

Biggest US bank posts 9% rise in quarterly profits as market tumult boosts trading business

Beijing accuses Trump of violating ‘basic economic laws and common sense’ as it announces tit-for-tat rise in duties

Col Susannah Meyers accused of ‘subverting’ Donald Trump’s agenda

FCA’s preliminary approval comes as the fast-fashion company faces challenges from Trump’s tariffs

Pharma group builds out American supply chains as part of preparations for potential US tariffs

Figure comes as Rachel Reeves contends with impact of Trump tariffs

Insulated from industry tumult, smaller French group seeks to move on from turnaround by boosting EV and hybrid sales

Analysts estimate Donald Trump’s levies could cost the average household $4,700 a year

It’s not just bread and circuses any more

Trump’s tariffs were erratic and flawed but imbalances in the world economy are real

Testers have raised concerns that its technology is being rushed out without sufficient safeguards

Chief executive says soaring coffee prices driven in part by speculation in the market

Defence department’s move is part of Trump administration’s ongoing purge of consultancy spending

Scale of US levies on Chinese goods deepens recession fears

He Weidong was number-two officer in People’s Liberation Army and member of Communist party politburo

European Commission president tells FT she wants ‘balanced’ deal but could hit US services in retaliation

Bridget Brink is stepping down after policy disagreements with the Trump administration

Lawyers for French football captain unveil raft of actions in escalation of dispute with former club

Regular guidance from executives on the near-term path of profit just got more elusive

Deputy governor Sarah Breeden says it is too soon to untangle inflationary implications stemming from trade barriers

Gulf state pushes for free trade agreement with bloc

Trip by Tony Radakin announced only by China’s government amid strained Sino-American relations

PBoC has allowed weakening in ‘fixing’ rate for the onshore currency for six consecutive sessions

The shock of tariffs is pulling Beijing back to economic fundamentals