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Traders are now betting the Federal Reserve will cut interest rates at least four times this year, amid fears President Donald Trump's tariffs could tip the U.S. into a recession.

Subscribe to enjoy similar stories. President Trump’s high tariffs would make the U.S. one of the world’s most protectionist countries.

Subscribe to enjoy similar stories. Nothing is more American than the pickup truck. One big reason why: the “chicken tax." The U.S.

Subscribe to enjoy similar stories. President Trump’s start-and-stop expansion of tariffs on trading partners has no analog in modern history. President George W.

Barclays, and Bank of America are sounding warnings over the prospect for a recession across the globe following US president Donald Trump's latest imposition of high tariffs, reported CNBC. JPMorgan said that if the tariffs remain imposed for long, it might lead the United States and the world into a recession, according to the report.

With this move, the two small islands off the Canadian coast have gone from relative obscurity to being the unexpected face of an escalating US-France trade clampdown. While larger countries like China and Mexico are often the focus of trade battles, this time it’s a quiet fishing outpost of under 6,000 people caught in the crossfire.

Subscribe to enjoy similar stories. Office fridges are getting crowded with employee lunches. Inside the office fridge, maybe behind a “Don’t Touch!" Post-it Note, is a telling economic indicator: More employees are eating lunches brought from home than they have in years.

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Subscribe to enjoy similar stories. WASHINGTON—President Trump promised a new American golden age. But the immediate fallout from his expansive tariffs has been a shuddering stock market and rising fears of a recession.

US President Donald Trump imposed a series of sweeping tariffs on countries around the world that could drastically alter the landscape of global trade, and consumer goods like iPhones could be among the hardest hit, analysts said on Thursday, with increases of 30% to 40% if the company were to pass on the cost to consumers. Most iPhones are still made in China, which was hit with a 54% tariff. If those levies persist, Apple has a tough choice: absorb the extra expense or pass it on to customers.

Laura Loomer raised concerns to him about staff loyalty. Even though Trump downplayed Loomer’s influence on the firings but Loomer during her Oval Office conversation with Trump urged the president to purge staffers she deemed insufficiently loyal to his “Make America Great Again” agenda, according to several people familiar with the matter, reports news agency AP. Here are ten things you need to know in the story: -Several members of President Trump's embattled National Security Council have been fired, multiple media reports said Thursday. The firing comes a day after conspiracy theorist Laura Loomer visited the Oval Office and pressed Trump to fire specific NSC staffers. ALSO READ: Elon Musk's DOGE found something 'horrible': Trump makes big claim, wants his 'first buddy' to stay with admin

Oil prices were heading towards their lowest close since the midst of the coronavirus pandemic in 2021 on Friday, hit by U.S. President Donald Trump's barrage of new tariffs and output increases announced by the OPEC+ producer group. Brent futures plummeted by $2.29, or 3.3%, to $67.85 a barrel by 0948 GMT. U.S. West Texas Intermediate crude futures dived by $2.32, or 3.5%, to $64.63.

import duties on Indian goods from April 9, domestic exporters on Friday said they have started talks with their American buyers on ways to absorb these heavy taxes. According to them, communications between the Indian suppliers and American buyers have already started moving as these duties would hurt exports and job creation. «We have to talk to them about how to handle this unprecedented situation,» Federation of Indian Export Organisations (FIEO) President SC Ralhan said. The Ludhiana-based hand tool (an engineering sector item) exporter also said that the sector will not be able to absorb the high duties because of the high steel cost in the domestic market. «Over this, the government is considering imposing a safeguard duty, which they should reconsider. The US duty will impact demand,» Ralhan said, adding that certain steel prices in India have jumped from USD 50,000 per tonne to USD 55,000 per tonne in the last five days only.

European Central Bank could cut rates as soon as this month, Nomura said. U.S. President Donald Trump imposed sweeping tariffs on dozens of countries on Wednesday, which intensified the threat of a global trade war and fuelled fears of a global economic slowdown, or even a recession. The tariffs are «worse than feared», said Nomura, lowering its U.S. GDP growth estimate to 0.6% from 1.5%, on a quarterly basis, and hiking to 4.7% from 3.5% its forecast for year-end core PCE, the Fed's preferred inflation gauge. As a result, the brokerage expects the Fed to lower rates in December, taking the policy rate to 4.125%, followed by two more 25 bps cuts in the first quarter of 2026. It had previously expected the central bank to hold at 4.25%-4.5% until the second quarter of 2026.

Subscribe to enjoy similar stories. Since President Trump announced sweeping tariffs on imported goods Wednesday, Americans have been busy “adding to cart." Cedar Roach promptly checked out on $244 of workout sets from Lululemon (a Canadian brand) and a $150 sweater from House of Sunny (a U.K. brand) while Trump’s press conference played over the radio.

Subscribe to enjoy similar stories. As investors and consumers fretted in recent weeks about the fallout if President Trump unleashed a massive trade war, Trump himself kept looking to the past. The rest of the world has been ripping off the U.S.

reciprocal tariffs for India to 26% from 27% announced a day before. Revisions have been made for atleast 14 countries including South Korea, Norway, South Africa and Thailand. As per a White House document, India’s reciprocal tariff was originally listed at 27%, as against the 26% that US president Donald Trump had shown during the announcement on April 2. However, the latest annex document shows that the tariffs have been revised down to 26%. The US’ trading partners will be subject to a global 10% tariff on April 5, after which only the countries listed in the annex would have their rates elevated to the revised numbers. Around 60 countries have been slapped with reciprocal tariffs. The measures announced by the US could lead to an overall contraction of around 1% in global merchandise trade volumes this year, the World Trade Organization (WTO) said Thursday.

Stock markets in the Asia-Pacific region fell for a second day, hot on the heels of the US S&P 500, which had its worst day since Covid crashed the economy in 2020. Nike, Apple and Target were among big consumer names worst hit, all of them sinking by more than 9%. ALSO READ: An article on Warren Buffett acquiring Elon Musk's Tesla for $1 trillion caused huge confusion online. Here's why

Nadeem Akhtar, another JD(U) leader resigned from the party making him the fifth member to leave over the party's support for the Waqf Amendment Bill. His resignation follows that of four other leaders, including JD(U) leader Raju Nayyar, Tabrez Siddiqui Alig, Mohammad Shahnawaz Malik and Mohammed Kasim Ansari. Earlier, JD(U) leader Raju Nayyar wrote in his resignation, «I resign from JD(U) after Waqf Amendment Bill is passed and supported in the Lok Sabha.» He went on to express his deep disappointment with the party, stating, «I am deeply hurt by the JD(U) voting in favour of this black law, which oppresses Muslims.» «I resign from the post of former state secretary of JD(U) youth and primary membership of the party. I request to send a letter to the Honorable CM Nitish Kumar and relieve me from all responsibilities,» he added.

Vladimir Putin of dragging his feet in ceasefire talks to bring a halt to fighting in Ukraine and ramped up pressure on Moscow by insisting that he owes the United States an immediate answer. Russia has effectively rejected a U.S. proposal for a full and immediate 30-day halt in the fighting after a Kremlin official said on Monday that Moscow views efforts to end its three-year war with Ukraine as «a drawn-out process.» «Our judgment is that Putin continues to obfuscate, continues to drag his feet,» British Foreign Secretary David Lammy told reporters at NATO headquarters, standing alongside his French counterpart Jean-Noel Barrot in a symbolic show of unity. Britain and France are helping to lead a multinational effort known as the «coalition of the willing» to set up a force to police any future peace in Ukraine. Lammy said that while Putin should be accepting a ceasefire, «he continues to bombard Ukraine. It's civilian population. It's energy supplies. We see you, Vladimir Putin. We know what you are doing.»