05-04-2025 06:00 via ft.com

Direct economics — the great Maga experiment

The arbitrariness of the tariffs is a feature not a bug in the plan to short-circuit the financial establishment
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Economy news



Thousands join protests against Donald Trump and Elon Musk
Thousands join protests against Donald Trump and Elon Musk
Corporate America fears wrath of Trump as it mulls tariffs response
Tariff deals with foreign governments not a priority for Trump, say US officials
Tariff deals with foreign governments not a priority for Trump, say US officials
US vacation hotspots brace for slump as angry Canadians cancel trips
US vacation hotspots brace for slump as angry Canadians cancel trips
Swamp Notes: The costs of Trump’s tariffs
Swamp Notes: The costs of Trump’s tariffs
Mortgage payment shock adds to strain on UK consumers
Mortgage payment shock adds to strain on UK consumers
In charts: winners and losers from Trump’s new tariffs
Cruz says Republicans face midterms ‘bloodbath’ if tariffs trigger recession
Cruz says Republicans face midterms ‘bloodbath’ if tariffs trigger recession
Trump tariffs day 3 as it happened: S&P 500 sheds $5.4tn in 2 days; China announces 34% retaliatory levies on US
Big Tech, banks and small caps end week in bear market territory
Big Tech, banks and small caps end week in bear market territory
Companies pause US IPO plans as Trump tariffs tank markets
Companies pause US IPO plans as Trump tariffs tank markets
S&P 500 closes 6% lower as global trade war rattles markets
S&P 500 closes 6% lower as global trade war rattles markets
US stocks shed $5.4tn in two days as Trump’s tariffs stoke recession fears
US stocks shed $5.4tn in two days as Trump’s tariffs stoke recession fears
Trump to extend deadline for TikTok deal in the US
Trump to extend deadline for TikTok deal in the US
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