Tariff Deadline Hits Stocks, Starmer Charms Trump, & Chocolate Price Pressure

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) A global selloff in equities worsened in Asia, while the dollar strengthened and Treasury yields edged lower as investors shunned risky bets with President Donald Trump ratcheting up tariffs.

(2) China threatened to hit back at Donald Trump’s trade threats after the US president unveiled additional tariffs on Chinese imports, raising the risk of tensions spiraling between the world’s largest economies.

(3) President Donald Trump said he would restart long-stalled negotiations on trade with the UK, as British Prime Minister Keir Starmer heralded a “new economic deal” between the two countries.

(4) UK Prime Minister Keir Starmer left his meeting with Donald Trump with much to be satisfied about despite falling short of his top objective — obtaining an American security “backstop” to protect Ukraine from further attacks after an end to Russia’s war.

(5) President Volodymyr Zelenskiy arrives at the White House on Friday with a personal appeal to persuade Donald Trump not to sell out his country in the rush to make a peace deal with Russia.

(6) Paris’s oldest chocolate shop has occupied a street corner in the ninth arrondissement since 1761. Ownership of À la Mère de Famille has changed hands from family to family over the centuries, but it has endured through occupation and revolution thanks to the Parisian appetite for confectionery.

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