Economics

The global food trade that delivers everything from fruit to coffee around the world faces being fractured by the escalating tariff war.

UK building firms shed jobs at the fastest pace since the height of the pandemic as rising costs and sluggish order books tightened their grip on the sector, a closely watched survey found.

Kenya has renewed a contract to purchase fuel on credit from three state-owned Gulf firms by 24 months and renegotiated lower margins.

France ruled out further spending cuts to meet its deficit reduction target if a trade war hammers the economy, casting doubt over efforts to repair the country’s creaking public finances.

Vanguard is targeting a rally in the pound to its strongest level since 2021 as the UK economy looks relatively insulated from a global trade war.

I’m Chris Anstey, an economics editor in Boston. Today we’re looking at how the US tariff shock will impact global prices. Send us feedback and tips to ecodaily@bloomberg.net. And if you aren’t yet signed up to receive this newsletter, you can do so here.

French Finance Minister Eric Lombard said the European Union is discussing a broad palette of responses to US tariffs that could include measures hitting large American tech firms.

Czech central bankers saw rising tariffs in global trade as an additional inflation risk, boosting the case for a “wait-and-see” policy approach, according to minutes from the March 26 rate meeting.