More on the meaning of “reciprocal tariffs”
You won’t believe how they (maybe) came up with the numbers
Apple and other US tech groups hit as Trump targets suppliers
Shares in big retailers also tumble as they face turmoil in China and other manufacturing bases
Letter: Double standards
From Martin Staniforth, Leeds, West Yorkshire, UK
Letter: Big energy users already enjoy net zero exemptions
From Matthew Lockwood, Professor of Energy and Climate Policy, University of Sussex Business School, Brighton, East Sussex, UK
Correction: Dan Corry
The name of Dan Corry, who led a report on regulatory reform for the government, was misspelt in an article on April 2. We apologise for the error
Trump launches global trade tariffs
Trump escalates global trade war with sweeping tariff blitz
US stock futures tumble as president reveals plans for 10% universal levies and higher ‘reciprocal’ duties
Donald Trump’s beautiful trade war
Diplomatic cost of the US president’s tariffs will be enduring
Trump’s tariffs in brief: universal levies and targeted retaliation
The new duties imposed by the US president will send shockwaves through global supply chains
The rise of the trophy SWF
Everybody wants sovereignty. Everybody wants wealth. Yet a fund is not, sadly, a reliable route to their creation
Tourists choose London over New York in boost to West End theatres
Venue-owners say visitors are flocking to the UK capital after boycotting Broadway
Japan’s safety deposit box problem
Thefts have cast a shadow over an industry already under scrutiny
FT Crossword: Number 18,016
Starmer relieved as Trump imposes 10% tariff on UK exports
Prime minister hopes trade talks between London and Washington could further reduce the levy
Trump tracker: the latest data on US tariffs, trade and economy
As the president launches a trade war, follow the latest on tariffs and executive orders
FirstFT: Trump hits US trading partners with sweeping new tariffs
Also in today’s newsletter, White House close to approving TikTok deal, Nintendo unveils the Switch 2
Here’s what “reciprocal tariff” means
A quick and early look, transcribed from a White House video
Trump kicks off sale of $2.3bn Truth Social stake
Shares in Trump Media and Technology Group drop after company outlines plans in filing
Amazon to begin deploying rival satellites to Starlink this month
Launch of first 27 operational Kuiper spacecraft will pit Jeff Bezos against rival Elon Musk
Musk denies role in Trump administration could soon end
Position heading so-called efficiency department thought to be vulnerable after loss of Wisconsin supreme court election
US High School Economics class: US farmers express dismay over proposal for levies on China-built ships
Trade and Tariffs
White House close to approving sale of TikTok’s US unit to investors
Blackstone and Andreessen Horowitz among firms that would wrest control of social media site from China’s ByteDance
Brookfield to buy laboratory equipment group Antylia Scientific for $1.4bn
Deal is latest sign of the uptick in exits by private equity groups despite sluggish M&A activity
How Trump is exploiting Big Law’s identity crisis
Firms like Paul Weiss have hired star lawyers to expand in dealmaking. Fear of losing business has made them less willing to have a fight with the government