Lag-nificent 7

31 March 2025

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  • The US is facing rising concerns about inflation and economic slowdown, primarily driven by new tariffs on foreign-made cars and parts, alongside a dip in consumer confidence.
  • Chancellor Rachel Reeves presented the Spring Statement, emphasising the need to stabilise public finances amid global trade uncertainties.
  • The EU is preparing for potential retaliatory measures against the US tariffs on cars and is navigating growing trade tensions with the US that threaten economic stability in the region.
  • China’s manufacturing grew to its fastest pace in a year, while global businesses adjust to trade changes and Japan signals potential rate hikes.
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