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Economy Apr 02, 2026

US Tariffs: One Year On, Americans Face $1,000 Higher Bills

It's been one year since US President Donald Trump announced a 10% global tariff. The move has led …
One year ago, US President Donald Trump introduced a 10% global tariff, sparking a trade war with far-reaching consequences. The immediate impact was severe, with the stock market experiencing its worst drop since the pandemic. In response, countries scrambled to negotiate deals with Washington or retaliate with their own tariffs. Recently, the Supreme Court ruled that most of Trump's tariffs are illegal, citing the president's lack of authority to impose broad, open-ended tariffs under a national emergency. However, this ruling did not end the trade war. Within hours, Trump invoked a different statute to launch a temporary tariff, set to expire in July. The effects of the tariffs have already reshaped the US economy. The average effective US tariff rate surged from 2.6% to over 13%, the highest level since World War II. This significant increase has led to higher costs for American consumers. According to the Tax Foundation, US households paid $1,000 more in 2025 for the same goods. Tarrifs work by imposing a tax on foreign goods and services, making them more expensive and encouraging local purchases. Despite Trump's promise that tariffs would reduce the trade deficit and make the US richer, the reality is that the average US consumer is worse off. The Penn Wharton Budget Model reports that the US collected over $287.1 billion in customs duties in 2025 and $64.4 billion in 2026. Economists at the Federal Reserve Bank of New York found that nearly 90% of the economic burden from tariffs has fallen on US businesses and consumers, with foreign exporters absorbing only a small percentage of the cost. Lower-income households have been disproportionately affected, as they spend a higher proportion of their earnings on essential goods like food, clothing, and transportation. Following the Supreme Court's ruling, the government may be required to refund up to $175 billion to businesses that paid the tariffs. With Trump's tariffs being replaced by a flat 10% tariff, the Tax Foundation projects that the average cost to US households will fall to about $600. While an improvement, it remains a significant cost for consumers.
#Donald Trump #US tariffs #World Trade Organization
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News Apr 02, 2026

Hungary's April 12 Election Could Redraw the EU’s Power Balance and Shape Ukraine Aid

The upcoming Hungarian parliamentary vote on April 12 is seen as a decisive test for the EU’s abili…
Europe’s attention is fixed on Hungary’s parliamentary election scheduled for April 12, a contest many analysts view as a litmus test for the bloc’s cohesion on foreign‑policy, defence, energy and migration. Since coming to power, Prime Minister Viktor Orban has consistently blocked EU initiatives: he has refused to join a common asylum framework, opposed a joint defence scheme, resisted the shift toward renewable‑energy independence while still importing Russian hydrocarbons, and vetoed both Ukraine’s accession talks and a proposed €90 billion low‑interest loan package for Kyiv. These actions have made Hungary the most disruptive member state in the Union, prompting observers to argue that the election’s outcome will reverberate far beyond Budapest’s borders. Greek conservative MP Angelos Syrigos warned that the EU is plagued by “fanatically Trump‑like and pro‑Russian” governments, naming Hungary and Slovakia as examples. He told Al Jazeera that the constant threat of an Orban veto forces other capitals to seek ad‑hoc compromises rather than genuine consensus. Opposition leader Peter Magyar of the Tisza party is campaigning on a pro‑European platform, pledging a binding referendum on Ukraine’s membership, a crackdown on corruption, the release of billions in frozen EU funds, and a reversal of Hungary’s withdrawal from the International Criminal Court. Current polls give Tisza roughly 50 % of the vote, a ten‑point lead over the ruling Fidesz, though the political landscape remains fluid. Even a Magyar victory would not automatically resolve the EU’s structural challenges. Other illiberal leaders—such as Slovakia’s Robert Fico and the Czech Republic’s Andrej Babiš—could step into a vacuum of obstructionism. Nevertheless, some scholars argue that Orban’s habit of breaking consensus has forced the Union to become more pragmatic. At a December 2023 summit, EU leaders temporarily excluded Orban to secure unanimous approval of Ukraine’s candidate status, later offering Hungary a €10 billion release of blocked funds as an incentive. Professor Katalin Miklossy of the University of Helsinki explained that the EU has shifted from a rigid, rule‑bound approach to a more flexible, problem‑solving mindset, saying, “We were weak when we clung to the book; now we act more practically.” Should Orban remain in power, the bloc is considering a workaround: issuing 26 bilateral loans to Ukraine from member states, bypassing any single‑country veto. Historical precedent exists. In 2010, when Greece’s debt crisis threatened the euro, EU members created the Greek Loan Facility—an ad‑hoc series of bilateral loans that compensated for the lack of a common rescue fund. Ukrainian President Volodymyr Zelenskyy has warned that delays in funding could leave the Ukrainian army under‑resourced, underscoring the geopolitical stakes of the Hungarian vote. The EU’s inability to move from unanimity to qualified‑majority voting—an ambition thwarted by failed French and Dutch referenda in 2005—has amplified Orban’s leverage. Yet the Union continues to evolve, having launched a common bond in 2020 to revive the pandemic‑hit economy and, since Russia’s 2022 invasion, channeling resources into a nascent European defence union. Orban’s recent reversal on the €90 billion Ukraine loan—after Kyiv refused to repair the Druzhba pipeline damaged by a Russian bomb—illustrates the volatility of his stance. He initially agreed to the loan in December, on the condition that Hungary, Slovakia and the Czech Republic would not be required to co‑sign, only to withdraw support a month later. Even if Magyar secures a parliamentary majority, the promised loan may not materialise immediately. Cambridge‑based expert Victoria Vdovychenko notes that a decision made in December 2025 to disburse funds from January 2026 has already stalled, with the next realistic window possibly in June. Academics stress that a Tisza victory would deliver a psychological boost to the EU and its trans‑Atlantic partners, injecting confidence into a system battling “stealth creep of illiberalism” and economic disenfranchisement. Professor SM Amadae of Cambridge’s Centre for the Study of Existential Risk warned that while a change in Hungary could energise citizens, the entrenched gerrymandering and patronage networks of Fidesz present formidable obstacles to lasting reform. In sum, the April 12 election is more than a domestic contest; it is a pivotal moment that could reshape the EU’s decision‑making architecture, determine the flow of critical aid to Ukraine, and signal the future trajectory of populist politics across Europe.
#ukraine #orban #hungary
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News Apr 02, 2026

Rowntree Charitable Trust hires reparations expert Keon West to confront colonial-era chocolate exploitation

The Joseph Rowntree Charitable Trust has appointed social psychologist Prof. Keon West as its first…
For the first time, the Joseph Rowntree Charitable Trust (JRCT) is creating a dedicated reparations role, appointing Prof. Keon West—a Rhodes Scholar and author of The Science of Racism—to lead the effort. West, who also serves as a visiting professor at the London School of Economics and heads research at the Runnymede Trust, will begin his tenure later this month. The appointment arrives amid intensifying global calls for former colonial powers to confront historic injustices. West’s mandate is to map how enslavement, indentured labour and European imperialism fed the supply chains of Rowntree’s iconic brands such as KitKat, Fruit Pastilles and Smarties. Founded in 1904 when philanthropist Joseph Rowntree endowed the trust with profits from his chocolate and cocoa ventures, JRCT operates on Quaker principles aimed at tackling the roots of inequality. Recent research, spurred by the Black Lives Matter movement, uncovered that African and Asian workers were exploited in Rowntree’s production lines throughout the 19th and 20th centuries. Historical investigations by the Rowntree Society revealed that, while the family never directly owned enslaved people, their businesses sold commodities produced by enslaved or unfree labour as far back as 1822. The company also benefitted from the indenture system, acquiring plantations in Dominica, Jamaica and Trinidad in the 1890s to grow cocoa, bananas and other crops. Further links to colonial exploitation include purchases of cocoa from Portuguese‑controlled São Tomé and Príncipe, as well as commercial interests in Nigeria, Ghana and apartheid‑era South Africa. In the early 1980s, Black workers at the South African subsidiary Wilson Rowntree faced harsh labour suppression. In 2021, JRCT issued a public apology, stating it was “deeply sorry” for its historical connections to “abhorrent practices” and acknowledging the lasting impact of these actions on systemic racism today. West will design a comprehensive reparations programme that engages directly with affected communities—“Black people, brown people and people of colour”—to develop long‑term restorative justice strategies. He said, "I am honoured to accept this role. It offers the power and the responsibility to make real, meaningful changes in the lives of those who have been exploited." JRCT chief executive Nicola Purdy expressed enthusiasm, noting that the reparations initiative aligns with the trust’s charitable purpose of promoting peace, equality, human rights and climate action. Financially, JRCT allocated £13.5 million in grants in 2025, supporting organisations that advance its core missions. In 2023, it contributed £10,000 to an all‑party parliamentary group advocating for a formal UK apology for slavery and colonisation. The Rowntree family, alongside fellow Quaker dynasties Fry and Cadbury, were central to the British confectionery trade during the colonial era. Their brand was later acquired by Nestlé in 1988, but the trust’s new reparations focus underscores a broader reckoning with the historical foundations of the industry.
#reparations #rowntree #kitkat
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Politics Apr 02, 2026

US Immigration Agents Detain President of Wisconsin's Largest Mosque

The president of Wisconsin's largest mosque, Salah Sarsour, was detained by US immigration agents, …
Salah Sarsour, a Palestinian-born legal permanent resident of the United States and president of the Islamic Society of Milwaukee, was detained by nearly a dozen US Immigration and Customs Enforcement (ICE) agents on Monday in Milwaukee.His attorneys claim that the detention is based on unsubstantiated grounds that he poses a foreign policy threat, which they argue has no merit. They believe Sarsour was targeted for speaking out against Israel and due to a conviction as a minor by Israeli military courts.“Our government should not be doing the bidding of a foreign government,” said attorney Munjed Ahmad, suggesting that the detention aims to stifle discourse on the Palestinian narrative. Sarsour, 53, has no criminal record in the US and has been a green card holder for years.The arrest has prompted outcry from local officials, including Milwaukee’s mayor, Cavalier Johnson, who called it “an outrage.” Sarsour is being held at a county jail outside Indianapolis, and his attorneys have filed a petition seeking his release.
#Salah Sarsour #US Immigration and Customs Enforcement #Wisconsin
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Business Apr 02, 2026

Thames Water Near Agreement to Shield Against Ofwat Fines Until 2030 in Exchange for Major Investment

Thames Water is on the brink of a deal with its regulator that would suspend new Ofwat fines throug…
Thames Water is reportedly close to securing a pact with England and Wales’ water regulator, Ofwat, that would prevent the imposition of fresh fines for the next four years, contingent on a substantial commitment to upgrade its infrastructure.The proposal, first tabled in June 2025, originates from the utility’s creditors, who are keen to avoid a scenario where the struggling company is temporarily renationalised. These lenders had already injected £3 bn of emergency financing last year to keep the business afloat.Having amassed a £17.6 bn debt burden since privatisation, Thames Water has been battling potential insolvency for over two years. A previous attempt to sell the firm collapsed when the preferred bidder, KKR, pulled out at the last minute.Under the contemplated agreement, Ofwat would accept “undertakings” from Thames Water, meaning the company would focus on rectifying the underlying service failures rather than paying penalties to the government. However, the deal would not shield the utility from possible sanctions by the Environment Agency or from ongoing legal actions.Pressure is mounting as Thames Water is projected to run out of cash in October, intensifying the urgency of reaching a resolution. Any settlement must undergo a three‑month public consultation, a process likely to attract criticism given that customer water bills are set to rise by more than a third by 2030, before accounting for inflation.Creditors have pledged that all outstanding fines will be settled and that regulators will gain greater transparency and accountability over the company’s efforts to curb pollution, leakage, and other performance targets introduced a year ago.Thames Water itself emphasised a “market‑led solution” that delivers swift improvements for both customers and the environment while progressing its operational and financial turnaround plan. The utility highlighted that it has launched its largest upgrade in 150 years, allocating a record £1.26 bn in capital investment—a 22% year‑on‑year increase in the first half of the 2025‑26 financial year—focused on fixing leaks, reducing pollution, and enhancing water quality.An Ofwat spokesperson noted that the regulator is carefully reviewing the creditors’ plans to ensure they produce a genuine turnaround in performance and bolster the company’s financial resilience for the benefit of both customers and the environment.
#Thames Water #Ofwat #UK government
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Economy Apr 02, 2026

Student Loan Forgiveness Offers Lifeline to Hundreds of Thousands Amid $1.7 Trillion Debt Burden

A small but growing group of U.S. borrowers are experiencing life‑changing relief as the Department…
Out of roughly 43 million Americans who collectively owe close to $1.7 trillion in student loans, only a limited number have seen their balances wiped clean. For those fortunate few, the impact has been profound, reshaping financial stability and opening new career possibilities.Laura Kluss, a 41‑year‑old clinical social worker from Sacramento, California, received forgiveness through the Public Service Loan Forgiveness (PSLF) program at the end of 2025. Her loan, which had ballooned into the six‑figure range, was reduced to zero, allowing her to consider a shift from government work to the private sector without the weight of debt.Earlier this week, the U.S. Department of Education began alerting approximately 164,000 additional federal borrowers that they may qualify for automatic loan discharge. The outreach focuses on individuals who attended any of more than 150 colleges alleged to have misled students about graduation rates, employment outcomes, or true program costs.For borrowers like Kimberly from Pennsylvania, the news feels like “hitting the lottery.” She explained that the forgiveness will enable her to settle other obligations, such as her mortgage and vehicle loan, and she warned that “college is a scam unless you become a doctor or a lawyer,” urging prospective students to consider trade schools instead.Ian Hobbs, a 43‑year‑old adjunct professor in Arizona, also saw his loans discharged, yet he stresses lingering repercussions. He noted that a high debt‑to‑income ratio has blocked mortgage approvals and job opportunities for over a decade, describing the experience as akin to “indentured slavery.”Jennifer Alfonso, a disabled stay‑at‑home wife from Florida, is awaiting a decision on a Total and Permanent Disability (TPD) discharge. She said that relief would prevent automatic deductions from her SSDI benefits, which currently leave her barely able to cover basic living costs.Alfonso also cautioned others to verify a school’s accreditation, recounting her own ordeal with an unaccredited institution that forced her to restart her nursing education after transferring credits.Brad Hufeld, a retiree in Delaware, Ohio, has carried a loan for 23 years after his college closed before he could graduate. He highlighted the personal toll, including the loss of his mother during that period, and urged borrowers to read the fine print before signing up for any program.A woman in her 60s working at a bottling plant in Kentucky, who filed for Chapter 13 bankruptcy two years ago, expressed hope that forgiveness could finally allow her to retire and keep her bills current.Finally, a 65‑year‑old semi‑retired truck driver in Texas, whose loan finances a truck‑driving certification rather than a degree, said that discharge would improve his credit score and provide much‑needed financial relief, adding a reminder to “do your homework before committing to any educational path.”p>
#Department of Education #student loan forgiveness #public service loan forgiveness
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Lifeandstyle Apr 02, 2026

Debate Ignites Over Designating UK Pubs as Adult‑Only Zones

Letters to The Guardian argue that traditional British pubs should be restricted to adults, citing …
Several readers of The Guardian have voiced strong opinions that the classic British pub ought to be treated as an adult‑only environment. They contend that the interior of a pub, where alcohol is served in large quantities, is fundamentally a space for grown‑ups to relax, converse, and enjoy a drink without the added responsibility of supervising children. Diane Silva of Bournemouth, Dorset emphasizes that while a beer garden might accommodate a family‑friendly dining area during daylight hours, the indoor setting should remain reserved for adults. She likens the situation to adults avoiding children’s play areas such as McDonald’s ball pits or playground swings, noting that “it’s not our space.” Other contributors echo this sentiment. Penny McPhillips from Garstang, Lancashire recalls a past legal claim involving a theatre patron who slipped on ice, suggesting that entitlement among customers can lead to a broader abdication of responsibility, especially when tickets, drinks, or even school uniforms have been purchased. Nigel Linford of Eastbourne, East Sussex adds a cultural reference, quoting WC Fields: “Any man who hates dogs and children can’t be all bad,” to underline the notion that discomfort with children in certain public venues does not make one wholly unreasonable. The letters also mention pub landlord Egil Johansen, who, according to the writers, is not alone in feeling pressured by customer expectations that blur the line between family hospitality and adult leisure. Overall, the correspondence calls for a clearer distinction between indoor pub spaces—reserved for adult patrons—and outdoor areas that could safely host families, thereby preserving the traditional role of the pub as a “wind‑down” spot for adults.
#pub #not #pubs
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Sports Apr 02, 2026

Championship weekend showdown: Coventry chase promotion, Millwall eye upset and Wrexham push for playoffs

The English Championship returns with a packed Easter weekend as Coventry City solidifies its promo…
The EFL Championship kicks off an action‑filled Easter weekend, with promotion, playoff and relegation battles all still wide open. Coventry City, under Frank Lampard, sit comfortably in the automatic promotion places, enjoying an 11‑point cushion over third‑placed Ipswich Town ahead of their upcoming clash with Derby County. One of the marquee fixtures sees Middlesbrough host Millwall. Millwall manager Alex Neil, while downplaying the match, hinted that a win could thrust the Lions back into the promotion conversation for the first time since the early 2000s. At the Hawthorns, Wrexham take on West Bromwich Albion in a game that could keep their playoff hopes alive. West Brom, after a long winless spell, have finally found form under James Morrison, securing back‑to‑back victories. In a surprising managerial change, Bristol City have dismissed Gerhard Struber and appointed a 78‑year‑old interim coach, referred to as “Mr Roy”, who will debut against Charlton Athletic. Meanwhile, Sheffield United host Swansea City in a mid‑table encounter that promises a lively atmosphere at Bramall Lane. Relegation‑battling Sheffield Wednesday aim to end a 33‑game winless streak when they face Stoke City, needing six points from their final seven games to avoid the drop. Leicester City remain under pressure after a points deduction, fighting alongside Oxford, Portsmouth, West Brom and Blackburn to stay clear of League One. Conversely, Lincoln City could clinch promotion – their first return to the second tier since 1961 – with a home win over AFC Wimbledon. In a side note, former Liverpool captain Steven Gerrard praised Mohamed Salah’s extended stay at Anfield, highlighting the former’s influence on the Egyptian striker’s decision to remain.
#millwall #middlesbrough #wrexham
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World Economy Apr 02, 2026

Stellantis Issues Massive Recall of 44,000 UK Vehicles Over Fire Risk

Stellantis recalls 44,000 UK vehicles due to a fault that could cause fires, affecting various mode…
European carmaker Stellantis has issued a recall for 44,000 vehicles in the UK due to a fault that could result in the cars catching fire. The issue affects certain models across its Peugeot, Citroën, DS Automobiles, Vauxhall, Lancia, Alfa Romeo, Jeep, and Fiat brands, produced between 2023 and 2026.The fault is related to a lack of clearance between the gas filter pipe and a component of the belt starter generator, which could cause water to leak into the engine bay during wet driving conditions. This creates a potential risk of fire in the engine.In response, Stellantis will immediately contact affected car owners to schedule a free appointment with their dealer. This recall comes as the company faces challenges, including a €22bn charge and the sale of a stake in its battery joint venture due to slower-than-expected growth in electric vehicles.The recall is a significant setback for Stellantis, which had previously planned to launch an electric truck, the Ram 1500 BEV. Meanwhile, sales of electric vehicles in Europe have soared, but demand in the US has collapsed following the withdrawal of a consumer tax credit.In contrast, rival Jaguar Land Rover (JLR) reported a recovery in sales over the past quarter, with a 61.1% jump in sales to 95,300 vehicles. However, quarterly sales were still down 14.5% compared to the same period a year earlier, largely due to a cyber-attack that halted production.
#stellantis #peugeot #vauxhall
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