Donald Trump has reimposed tariffs on dozens of trading partners as the US president pushed the world’s biggest economy into a new era of global trade competition. In an executive order published on Thursday evening,

The Federal Reserve kept US interest rates on hold for the fifth meeting in a row yesterday, defying an aggressive campaign from President Donald Trump to slash borrowing costs. Fed chair Jay Powell said after the meeting that “it seems to me — and to almost the whole committee — that the economy is not performing as though restrictive policy is holding it back inappropriately”.