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Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Robert Lighthizer, who was US trade representative when Donald Trump launched his trade war with China, has been asked to take the job again as the president-elect starts to build his cabinet team.

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Pimco, one of the world’s biggest bond fund managers, has warned that US president-elect Donald Trump’s economic plans could lead to the economy “overheating” and could halt interest rate cuts, posing a danger

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jonathan Powell, Sir Tony Blair’s former chief of staff and an architect of the Northern Ireland peace process, is to become Sir Keir Starmer’s new national security adviser. Powell, a veteran diplomat, will have a

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When the US economist George Akerlof wrote his Nobel Prize-winning paper on the problem of information asymmetry in business in 1970, his leading example was used car dealers. Akerlof noted that it was impossible for

For the world’s manufacturers, Donald Trump’s return to the White House essentially means only one thing: tariff wars. Trump has already threatened 60 per cent tariffs on China imports and blanket 10 or 20 per cent duties on all trading partners including the EU. “If I’m going to be president of this country, I’m going

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US Treasuries have recovered all the ground lost in a dramatic sell-off sparked by Donald Trump’s election victory, after Federal Reserve chair Jay Powell said it was too early to judge whether the

Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China has announced a Rmb10tn ($1.4tn) fiscal package to help shore up its faltering economy, as it braces for increased trade tensions with the US under Donald Trump. Beijing has authorised China’s heavily indebted local

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump’s son-in-law, Jared Kushner, will not return to the White House in the new administration but could advise on Middle East policy, according to people familiar with the matter. Kushner was a

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Investors running bets against renewable energy stocks have racked up profits of more than $1.2bn from the heavy sell-off that swept the sector in the wake of Donald Trump’s US presidential election victory.

The blowout victory of Donald Trump and the Republican party on Tuesday night will lead to major changes in important policy areas, from immigration to Ukraine. But the significance of the election extends way beyond these specific issues, and represents a decisive rejection by American voters of liberalism and the particular way that the understanding

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world On Tuesday, while the US was voting, I heard a successful American businessman suggest at a dinner that the election could be framed as a choice between prioritising “capitalism” or prioritising “democracy”. During

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Wall Street consiglieri are readying for a rush of new business. Bankers who advise on capital raisings or mergers and acquisitions expect a deluge of fees as Donald Trump returns to the presidency. But some

Just as president-elect Donald Trump was being voted in on a platform of higher tariffs for China, US businessmen were striking deals thousands of miles away at Shanghai’s biggest trade fair. Dynamite, a family-run pet food business with 12 stores in Idaho, signed $1mn in orders from Chinese company Pawberry — part of a stream

Rivian said on Thursday that it expected greater losses for the year, as a shortage of a key part for its motors continued to drag on the electric carmaker. The California company said it will lose between $2.8bn and $2.9bn this year, before interest, taxes, depreciation and amortisation, compared to its previous forecast of a

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US president-elect Donald Trump has chosen Susie Wiles, his 2024 campaign manager, as his White House chief of staff, in the first in a series of important appointments to his new administration. “Susie

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Show video info The Federal Reserve cut its benchmark interest rate by a quarter point on Thursday as its chair Jay Powell hailed the strength of the US economy and said he would

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Citigroup is revamping pay for its private bankers in an attempt to boost sales of investment products and overhaul how the group’s struggling wealth division interacts with its wealthy clients. The change, first detailed to

Donald Trump said earlier this year that if he were to be re-elected, “incomes will skyrocket, inflation will vanish completely, jobs will come roaring back and the middle class will prosper like never before”. The majority of US voters have bought into that pitch, but many economists do not. Instead, they warned his plans to

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israeli Prime Minister Benjamin Netanyahu on Tuesday sacked his defence minister Yoav Gallant, saying that “significant gaps” had emerged between them over the management of the war. Netanyahu said that Gallant would be replaced as

Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House Democrat Kamala Harris and Republican Donald Trump have together spent $3.5bn in their race for the White House, making the 2024 presidential campaign the most expensive US general election in history. With

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