Conservative podcasters who were key to US president’s election win are divided by tariff fallout

New plants will take years to build and executives are wary of committing while trade policy is unclear

Countries grapple with Washington’s attempt to change ‘non-tariff barriers’ from VAT to food rules and even currency valuations

If Republicans are serious, they should join with Democrats to pass a resolution to fix this crisis

Executive warns situation could become ‘quite ugly’ in a few weeks as carmakers park vehicles amid levy uncertainty

Economists factor in falling confidence and investment leading to job losses and a probable cut in borrowing costs

Clare Lombardelli says import taxes will ‘depress activity’ but impact on inflation is less clear

Investors reel as new levies on the EU, China and other major trading partners come into force

US Treasury secretary’s growing role marks shift away from White House’s trade hardliners

Lower than expected purchases of three-year government debt add to investor angst

Bills and bonds and Treasury basis trades, oh my!

Computer-driven asset manager’s institutional equity strategy down 8% in April

Forced to choose between the US and China, the likes of Vietnam may opt for Beijing

Starmer vows to do ‘everything we can to ensure there’s a bright future’ for steelmaker’s main site in Scunthorpe

Billionaire dubs Peter Navarro a ‘moron’ as feud over policy intensifies

Ukrainian president demands explanation and accuses Beijing of actively participating in Moscow’s war

The trade deficits will remain roughly unchanged — the globe will just end up poorer

Risky funds drop almost a quarter of their value as Trump’s trade war hits market

There is no school of foreign policy realism or trade mercantilism that could explain the US president’s actions

European court rules human rights convention was not violated after Lord Hain linked former Arcadia chair to sexual misconduct allegations

US ally and biggest foreign investor stunned by sweeping levies including on crucial automotive sector

Risky assets are cheaper — but not cheap enough

Beijing permits exchange rate to drop below long-defended level

US buyers emerge as major force in UK capital’s property market

Donald Trump’s trade war has put the Federal Reserve in an awkward spot

Shifting parts of a product’s supply chain may cut charges under ‘rules of origin’ but trying to take advantage comes with risks

Even if Trump backs down he will have succeeded in building uncertainty, which is itself a sort of tariff

Businesses with supply chains vulnerable to sweeping duties had been hoping to negotiate concessions from Washington

Glut of former fleet cars may explain fall rather than link to Elon Musk

Market volatility expected to drive bumper quarter in trading while depressing M&A and IPO revenues

White House says additional duties will begin on April 9 as Beijing warns that it will ‘fight to the end’

Treasuries also slide after weak auction for three-year US government debt

Central bank’s Prudential Regulation Authority has so far found little sign of serious financial distress

10-year Treasury yields jump most in almost three years

Investors continue to assess tariff risks after heavy sell-off last week

Head of world’s biggest asset manager says market ructions are ‘impacting Main Street’

Alarm at market turmoil prompts allies of president to speak out

Next we must tackle the barrage of non-tariff weapons used to strangle American exports

JPMorgan chief’s letter to shareholders is an exercise in blending in with the political wallpaper