President Donald Trump might want a new, “America First” world, but in the race to control inflation the United States may actually come last. While his tariff hikes are widely expected to jack up prices at home,

Although Trump has announced a 90-day pause on what he calls his “reciprocal” tariffs, prospects that the EU can strike a bargain to reduce the 20 percent figure are highly uncertain.

UBS, Barclays, Deutsche Bank, and HSBC all reported pre-tax profits above analyst estimates in their first quarters amid market turbulence.