Navarro has repeatedly criticised value added tax, but Gill denied that this amounted to a non-tariff barrier to trade. The ...

Stocks and bonds are often seen to move inversely, but futures indicate US equity markets are poised to sell off on Wednesday ...

Instead, Trump’s plan will fracture supply chains, halt new investments and drive-up unemployment. As Federal Reserve chair ...

Last night, Donald Trump further stepped up his trade war by increasing tariffs on Chinese goods to 104 per cent. Here, ...

In the unfolding drama of global trade tensions, Japan once again finds itself a target of US pressure. But unlike the 1980s, when the conflict centred on a rising US trade deficit fuelled by Japanese ...

US Treasuries were hit hard, with the 10-year yield, a global benchmark for borrowing costs, jumping to 4.51 per cent before easing to 4.36 per cent, up 0.1 percentage point on the day and rising from ...

Keir Starmer has promised that 75 per cent of five-year-olds in England will be “ready to learn” when they start school. Just 68 per cent of children are currently deemed to have reached the standard ...

With more companies demanding five days a week in the office, upheaval is on the cards for some remote workers. Estate agents ...

The mud and bronze from which the Lebanese artist Ali Cherri sculpts his latest creations are freighted with history, memory ...

The US has threatened to retaliate against any international levy imposed on ships for their carbon emissions amid crunch talks to agree such a measure this week.

NHS landlord Assura has reached a £1.6bn deal to sell itself to a private capital consortium that includes KKR, rejecting a rival bid that would have kept the company in the UK market.

So in today’s letter we look at the paradigmatic accompaniment to US stocks: US Treasuries. If stocks are not cheap in the wake of the tariff explosion (as I argued yesterday), how do Treasuries look?