The episode highlighted the key roles Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick are playing in Trump’s risky game with U.S. trade and manufacturing policy.
Day: April 10, 2025
Russian-American ballerina Ksenia Karelina was released from Kremlin custody in a prisoner swap with the United States Thursday morning, according to a new report.
Wall Street is weighing Trump’s remarkable escalation in the US trade battle with China.
“Many of you in the media clearly missed the art of the deal,” said White House press secretary Karoline Leavitt.
U.S. Treasury yields moved lower on Thursday as investors breathed a sigh of relief after U.S. President Donald Trump enacted a 90-day tariff reprieve.
Conservative party leader says ‘we end up with various coalitions at local level’ as she suggests councillors could do deals with Reform
Good morning. There are three weeks until the local elections in England and, with parliament in recess, the party leaders have time for campaigning out of London. While the main conversation is still dominated by President Trump and his erratic global tariffs policy – Graeme Wearden has the latest developments on his business live blog – there are other things to talk about, and Kemi Badenoch has just given an interview to BBC Breakfast where she condoned Tory councillors doing deals with Reform UK to control local authorities if they do not win a majority.
Asked if she would rule out any deals, at national or local level, between the Conservative party and Reform UK, Badenoch replied:
I have said categorically that I’m not doing deals with Reform. Nigel Farage has said that he wants to destroy the Conservative party. When someone says they want to destroy you, don’t invite them into your house and ask to do a deal.
At local level, we end up with various coalitions. I’ve seen Conservatives go into coalition with Labour, with Liberal Democrats, with independents. You don’t get to have a rerun of an election at local level.
Reform and the Tories are closer than you think. No plans, no solutions, just more chaos.
Labour is bringing change to Britain. Vote Labour on Thursday 1 May.
China’s State Administration Council said 84% tariffs against U.S. imports took effect at 12:01 a.m. Thursday. Follow along for live updates.
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President Donald Trump also cranked up his tariff on Chinese goods imports to 125 percent.