US economy

We’re heading ever closer to all-out trade war

Donald Trump has slapped another $200bn-worth of tariffs on Chinese goods. John Stepek looks at what’s behind the move, and what a trade war would mean for investors.

Betting on politics: A Trump trip to Ireland

There are many zany bets based on Trump antics out there, says Matthew Partridge. But an Irish trip for Trump is one of the more sober and attractive ones.

US workers get a pay rise – and more is on the way

Wages are rising slowly in the US – growth should hit 3% later this year. Bbut the prospects for workers continue to improve.

Betting on politics: America's mid-term vote

Matthew Partridge weighs the odds as the Democrats and Republicans battle it out for control of the House of Representatives.

The witch hunt in Washington gets messy

President Donald Trump has renewed his attacks on special counsel Robert Mueller.

Trump slaps tariffs on $23bn of trade

Donald Trump’s tariffs on steel from the EU, Canada and Mexico are bad for the US economy or the global economy, and will lead to retaliatory tariffs that will cause further damage.

The new Federal Reserve isn’t as tough on inflation as it looks

Minutes of Federal Reserve meetings are meticulously scrutinised by the markets. T​he latest set suggest​s it might be changing its mind on inflation. John Stepek explains what that means.

Tax cuts: the Laffer Curve strikes again

When Donald Trump slashed taxes, pundits predicted doom. They should have known better, says Matthew Lynn.

Chart of the week: who will suffer most in a trade war?

If the trade war between the US and China worsens, both countries’ growth will suffer as they raise barriers against a wider range of goods and make it harder for foreign companies to gain footholds.

Who will win the battle of the tech firms – America's west or China's east?

Will America’s west coast or China’s east win the battle for tech firm supremacy? It’s still all to play for, says Matthew Lynn.

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