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Donald Trump’s trade war has already sparked a crisis of confidence in the US - Jim Lo Scalzo/EPA-EFE/Shutterstock Donald Trump has branded it the “big beautiful bill” that will save millions of jobs and boost Americans’ take-home pay by up to $5,000 (£3,700) a year. However, while recent focus has been on the market ructions caused by the trade war, the US president’s package of sweeping tax cuts will arguably be a bigger test of investors’ faith in the world’s biggest economy. Congress remains deeply divided over not only the...

If the trade war is making you fear for your portfolio, you're not alone.Institutional investors are also on high alert. Bank of America's latest Fund Manager Survey shows that the biggest money managers are concerned about President Donald Trump's trade policy sparking a global recession.The survey, which collected insights from fund managers globally between April 4 and 10 — right as markets were going haywire because of tariff announcements — revealed that investor expectations for global growth hit 30-year lows in April, with 82% of fund managers expecting a weaker economy...

After talking about creating a “strategic reserve” of cryptocurrencies during his Presidential bid last year, Donald Trump has for the first time announced five virtual coins he plans to include in the American reserve stockpile – a move which has given a booster shot to the crypto trading market, helping it upend the downward trajectory it seemed to be headed on over concerns around Trump’s uncertain trade decisions.The market prices of the five coins he named – Bitcoin, Ethereum, XRP, Solana and Cardano – all swiftly jumped after the announcement....