Tim Wallace

London

Deputy Economics Editor at The Telegraph

Deputy economics editor at the Telegraph. Prize-winning economic forecaster!

Articles

Xi Jinping demands ‘Asian family’ unity to fend off Trump’s America

1 week ago | ca.finance.yahoo.com | Tim Wallace

Xi Jinping has called for the “Asian family” to unite in the face of Donald Trump’s trade war. The Chinese president hopes to deter neighbouring countries from striking deals with the US, a move that threatens to split the world into rival trading blocs. Mr Xi urged allies to “resolutely oppose any attempts by external forces to interfere in our internal affairs, [and] sow discord”.
Xi Jinping demands ‘Asian family’ unity to fend off Trump’s America

1 week ago | msn.com | Tim Wallace

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The untouchable central banker threatening to burst Trump's bubble

1 week ago | telegraph.co.uk | Tim Wallace

But Powell's pushback is more potent because he has the ability to override the president's wishes on the economy. At the same event in Chicago, Powell remained adamant that the Fed should not slash interest rates, despite fears a trade war will push up inflation because taxes on imports drive up the cost of foreign-made goods. Powell stressed that "substantial policy changes" across "trade, immigration, fiscal policy, and regulation ....
China aims to use raw economic power to capture the EU

1 week ago | ca.finance.yahoo.com | Tim Wallace

The French manufacturer overtook Boeing to become the world’s biggest plane maker in 2019, thanks in part to its success in selling planes to China and a willingness to establish production there. It underlines the allure of China: it is a huge market with huge buying power. This is particularly attractive at a time when the US seems determined to push the EU away. European officials are said to be resigned to the fact that 20pc tariffs will return once a current 90-day pause expires.
China aims to use raw economic power to capture the EU

1 week ago | msn.com | Tim Wallace |Christopher Jasper

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China aims to use raw economic power to capture the EU

1 week ago | telegraph.co.uk | Tim Wallace |Christopher Jasper

Conversely, it would be a significant win for France and Airbus. Years of French schmoozing had already put Toulouse-based Airbus on the front foot in the battle to sell planes to China. Successive French presidents announced bumper orders after leading trade delegations to Beijing, or rolling out the red carpet for Chinese leaders visiting Paris. Airbus established the first jetliner plant outside Europe in the city of Tianjin in 2009.
UK bosses to slash hiring at fastest rate since Covid over tariff fears

1 week ago | msn.com | Tim Wallace

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UK bosses to slash hiring at fastest rate since Covid over tariff fears

1 week ago | msn.com | Tim Wallace

Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.
UK bosses to slash hiring at fastest rate since Covid over tariff fears

1 week ago | telegraph.co.uk | Tim Wallace

Higher levels of tax have also climbed up bosses' lists of worries, as Rachel Reeves's increased employer National Insurance rates kicked in this month to pile more pressure on businesses. Mr Trump's trade war focuses on imported goods, but it is not only manufacturers that are suffering. Hiring in the financial services industry is also struggling, with Morgan McKinley's London Employment Monitor reporting a slump in job vacancies during the first three months of the year.
These unusual market moves show trust in the dollar may be breaking

1 week ago | msn.com | Tim Wallace

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