US job growth hits pandemic lows as trade tensions rise
The US added 73,000 jobs last month - the weakest performance since the Covid pandemic. Economists were caught off guard, and earlier figures have been revised down. Democrats say President Trump’s trade policy is damaging business confidence and stalling hiring.Meanwhile, tensions with Canada are escalating as Trump hikes tariffs to 35% on some goods, blaming issues from fentanyl to foreign policy. And in Southeast Asia, some countries learned after the deadline that their tariffs would be lowered - raising questions about transparency.Plus, is the world signing off early on Fridays? New UK data points to a quiet remote work trend.
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Swiss businesses shocked by 39% tariffs
After months of intensive negotiations, the US tariff deadline has finally arrived. Unable to reach a deal at the final hour, Switzerland is reeling from 39% tariffs. We look at how this will affect Swiss businesses, and if it’s likely to stick.
Elsewhere, we get the reaction from two other countries that were able to strike a deal - Taiwan and Lesotho. And the 78th Edinburgh Festival Fringe gets under way, with millions of visitors expected across the festival. We see how local business is booming.
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The final countdown to President Trump's tariff deadline
The final countdown in on for President Trump's tariff deadline. Without deals in the next few hours, dozens of countries will face the cost of sharply higher tax rates on goods they export to the US - up to close to 50% in some cases. We hear from some of these countries, and ask is Donald Trump winning his trade war?You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
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US tariff deadline looms
Is President Trump’s trade war gamble paying off? More countries squeeze in last minute deals on tariffs, but many questions remain. Brazil faces 50% levies on its exports to the US. How will this go down with America's coffee-loving consumer? Meanwhile, a potential winner, South Korea is among the countries settling for a late deal before Friday's deadline. In a dizzying day of wheeling and dealing we try to make sense of the great tariffs merry go round.
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Why will key Brazilian exports escape US tariffs?
President Trump says imports from Brazil will face a 50% tariff from next week. But why did key Brazilian exports get a pass?Also, dissent at America’s central bank, but the Federal Reserve has kept interest rates unchanged. And what does Europe’s pharmaceutical industry think of the EU-US trade deal? Ed Butler hears from the head of Germany’s leading pharma association.
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