Trump’s hints at ‘flexibility’ on reciprocal tariffs cheers markets – business live
Rolling coverage of the latest economic and financial newsKeir Starmer has been warned against “appeasing” Donald Trump as he considers reducing a major tax for US tech companies while cutting disability benefits and public sector jobs.His chancellor, Rachel Reeves, confirmed on Sunday that there were “ongoing” discussions about the UK’s £1bn-a-year digital services tax that affects companies including Meta and Amazon.U.S. equity futures caught a bid in early Asia trading as markets latched onto signs that the next round of Trump-era tariffs may be more calibrated than initially feared. While the White House is still moving ahead with its April 2 “Liberation Day” deadline, the tone appears to be shifting—from a broad-based barrage to a more targeted, reciprocal framework.According to sources close to the matter, the administration now plans to narrow its focus. It will apply tariffs to a group of nations dubbed the “dirty 15”—countries with persistent trade imbalances that collectively represent the lion’s share of U.S. imports. These nations will bear the brunt of the tariff hikes, while others could be hit with more modest levies. Continue reading...
Rolling coverage of the latest economic and financial news
Keir Starmer has been warned against “appeasing” Donald Trump as he considers reducing a major tax for US tech companies while cutting disability benefits and public sector jobs.
His chancellor, Rachel Reeves, confirmed on Sunday that there were “ongoing” discussions about the UK’s £1bn-a-year digital services tax that affects companies including Meta and Amazon.
U.S. equity futures caught a bid in early Asia trading as markets latched onto signs that the next round of Trump-era tariffs may be more calibrated than initially feared. While the White House is still moving ahead with its April 2 “Liberation Day” deadline, the tone appears to be shifting—from a broad-based barrage to a more targeted, reciprocal framework.
According to sources close to the matter, the administration now plans to narrow its focus. It will apply tariffs to a group of nations dubbed the “dirty 15”—countries with persistent trade imbalances that collectively represent the lion’s share of U.S. imports. These nations will bear the brunt of the tariff hikes, while others could be hit with more modest levies. Continue reading...
