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Federal Reserve Governor Christopher Waller laid out two scenarios for how President Donald Trump’s trade policy could affect the US economy, but said the inflationary impact of either would likely be temporary.

President Donald Trump’s administration pressed forward with plans to impose tariffs on semiconductor and pharmaceutical imports by initiating trade probes led by the Commerce Department.

The European Union plans to outline steps to phase out Russian fossil fuels in early May, seeking to reconcile its political objective of reducing import dependence on Moscow with the need to lower energy costs for industry.

The euro’s fastest rally in a decade and a half is gaining traction, with traders betting on a move to $1.20 and strategists scrambling to update their forecasts.

President Donald Trump’s tariff exclusions for smartphones and other tech products have added to a growing set of confusing signals for companies and trading partners digesting how to engage a White House still promising to negotiate dozens of new deals in America’s favor.

House prices in London will suffer more than any other part of the UK from US President Donald Trump’s trade war, real estate agents warned, as a global demand slowdown risks hitting the city’s already struggling market.

Over the last four years, Dubai property prices have surged 70% and outperformed other major cities. That relentless boom now faces its biggest threat since the pandemic as US President Donald Trump’s tariffs roil markets.

The Swiss National Bank will avoid cutting its interest rate below zero this year in its struggle to contain the strength of the franc, according to economists.

Euro-area inflation will turn out slower than previously forecast because of higher US tariffs, according to a Bloomberg survey that supports the case for the European Central Bank to cut interest rates this week.

China’s government said the US decision to exempt certain consumer electronics from its so-called reciprocal tariffs is a small step toward rectifying its wrongdoings and urged Washington to do more to revoke the levies.

Spanish Prime Minister Pedro Sanchez said his country will work to build “solid and balanced” relations between China and the European Union, as their ties come under strain from an intensifying trade war started by Donald Trump.

The selloff in Treasuries intensified as investors continued to pull back from US assets, sending longer-dated yields toward the biggest weekly surge since the 1980s.

Gold rose to a fresh record above $3,200 an ounce as concerns about the impact of tariffs on the global economy pushed investors to the safe haven.

Top European Union officials are making plans to visit China for a meeting with President Xi Jinping , the South China Morning Post reports — a sign Brussels may be keen to develop better ties with Beijing amid the Trump administration’s tariff onslaught.

China will raise tariffs on all US goods from 84% to 125% with effect from April 12, according to the Finance Ministry.

Deutschland steuert auf eine Regierung von CDU/CSU und SPD zu. Nach der Einigung am Mittwoch sind Fachleute und Medien nach Durchsicht des 144-seitigen Koalitionsprogramms aber skeptisch, dass es für eine „Wende“ mit konservativer Handschrift reicht. So sah die „Süddeutsche Zeitung“ („SZ“) am Donnerstag denn auch „weniger ein Bündnis für Fortschritt als eines, das bewahren will“.

Mari Shor was deep into a firm-wide presentation on what President Donald Trump’s tariffs meant for the dozens of consumer companies she analyzes at Columbia Threadneedle when someone interrupted her. Mari, the tariffs are paused, the colleague said, the stocks you cover are soaring.

Officials from the US and Iran are set to meet Saturday in Oman for the highest-level talks on the Islamic Republic’s advancing nuclear program since 2022, a sign of Tehran’s eagerness for sanctions relief and to avoid the crippling military attack that President Donald Trump has threatened.

Stocks and bonds resumed a selloff and the dollar extended losses after its biggest plunge in three years as a worsening global trade war eroded an already fragile appetite for risk.

The spectacular stock market rebound came with a lack of any real conviction as a look beneath the surface reveals aggressive short covering and very low liquidity despite massive trading volumes.

US President Donald Trump may have announced a delay in some of his tariff plans, but the first signs of an economically-damaging slowdown in global trade are already emerging as companies around the world hit their own pause button on orders and he continues to escalate his trade war with China.

The European Union will delay for 90 days the implementation of its counter tariffs against the US over the 25% duties President Donald Trump imposed on the bloc’s steel and aluminum exports last month.

President Donald Trump’s tariffs on Chinese imports are now at least 145%, far above the level many economists said could decimate US-China trade.

Goldman Sachs Group Inc. economists rescinded their forecast for a US recession after President Donald Trump announced a 90-day pause on most of his previously announced tariffs.

The social media post landed at 9:37 a.m. in New York.

China’s top leaders are poised to meet Thursday to discuss additional economic stimulus after US President Donald Trump ratcheted up tariffs, according to people familiar with the matter.