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It's been 12 months since Donald Trump's 'liberation day' on April 2, 2025, when the US president introduced tariffs on nearly every country the US did business with. The move sent shockwaves through the global economy, causing chaos in Washington and beyond. Experts say that if Trump had spent the last 14 months on the golf course instead of in the White House, the US economy would be in a better place. The wholesale slashing of government jobs and defunding of US aid agencies had already signaled that Trump was in a hurry to upset institutions he considered profligate or useless. Investors quickly understood that chaos was an essential tool in Trump's armoury. Almost as soon as he was inaugurated, there was a steady decline in the value of the dollar against other currencies. Investors sold assets denominated in dollars and bought assets elsewhere: Europe, Asia, South America. Dario Perkins, the head of global research at the consultancy TS Lombard, said: 'If you think that discouraging investors from buying assets in the US is a victory, then you don’t believe in a growing economy.' He added that Trump's policies had led to a decline in US manufacturing jobs and a growing trade deficit. The data supports Perkins' claims. US companies stopped hiring almost as soon as liberation day was announced. Significant revisions in February to data covering 2025 pushed payroll employment down by 403,000 jobs, resulting in the addition of just 181,000 jobs last year. This small boost is set against the 163 million people who are employed in the US. Russ Mould, the investment director of the British stockbroker AJ Bell, said: 'America is still home to the world’s largest economy and its reserve currency, as well as the globe’s largest equity and bond markets, but investors continue to reassess their exposure one year on from liberation day.' The next few months of steadily increasing confidence levels followed probably the calmest period in the second Trump presidency. But sentiment began to fall again in the autumn as the White House battled with Congress over the federal budget deficit and much of the public sector was shut down. A poll by the University of Michigan showed consumer confidence at a near record low at the end of 2025. A six-month moving average produced by the Conference Board showed every generation, from baby boomers to gen Xers, had lost confidence in the economy over the past year. Trump’s liberation day executive order stated: 'The decline of US manufacturing capacity threatens the US economy in other ways, including through the loss of manufacturing jobs.' However, the US manufacturing sector shed 100,000 jobs between January 2025 and March 2026. The ratio of manufacturing workers to total nonfarm employment fell to the lowest point since 1939. Bryan Riley, the director of the National Taxpayers Union Foundation’s free trade initiative, said: 'One year after liberation day, the evidence is in. Tariffs failed even by the Trump administration’s own terms. They did not shrink the trade deficit, did not revitalise manufacturing and did not help farmers. It would be a mistake to replace one set of failed tariffs with another.' Some major US companies have redirected their investments to Europe, but China has proved to be one of the main beneficiaries. In the year to February 2026, China’s industrial profits increased by 15.2%. It's a boom that Beijing will struggle to repeat should Chinese companies face fuel and energy shortages and price hikes. But the decline of two major powers can only be to China’s gain.

The Premier League title race may be all but over, but the battle for European places is heating up, with as many as 13 teams still in contention. The Champions League and Europa League have expanded, and the introduction of the Conference League has added another layer of complexity to the qualification process.Currently, just seven points separate Liverpool in fifth place and Bournemouth in 13th, making it the smallest gap between fifth and 13th at the start of April since the 1992-93 season. This close competition means that several teams have a realistic chance of qualifying for Europe.Nine English teams played in Europe this season, with six in the Champions League, two in the Europa League, and one in the Conference League. The Premier League is likely to earn at least one extra Champions League spot due to its teams' strong performance in Europe. Arsenal and Liverpool are still in the Champions League, while Nottingham Forest and Aston Villa are in the Europa League, and Crystal Palace is in the Conference League.Champions League QualificationThe Premier League is all but certain to earn one of the two extra Champions League spots available for leagues whose teams perform best in Europe. There is also a possibility of two more Champions League spots for English clubs if Liverpool and Aston Villa win their respective European competitions and finish outside the top five.Europa League QualificationThere are at least two spots for English teams in the Europa League. If the top five Premier League sides qualify for the Champions League, the team that finishes sixth and the FA Cup winners will be in the Europa League. However, if a top-six team wins the FA Cup, the spot will go to the next-highest ranked team in the Premier League.Conference League QualificationManchester City earned a place in the Conference League by winning the League Cup, but will finish in the top six, so their spot passes down to the highest-placed team that have not already qualified for Europe. Depending on the FA Cup winner and European results, the team that finishes eighth, ninth, or 10th in the Premier League could qualify for the Conference League.Eleven English Teams Could Play in EuropeIn a highly unlikely scenario, 11 English teams could play in Europe next season if Liverpool, Aston Villa, and Crystal Palace win their respective European competitions while finishing outside the top five or six. This would result in seven teams in the Champions League, three in the Europa League, and one in the Conference League.Realistic ExpectationsMore realistically, five English teams will qualify for the Champions League, and a Europa League spot will go to the team finishing seventh due to a top-six team winning the FA Cup. This would mean the teams finishing in the top eight in the Premier League qualify for Europe.

Graham Potter arrived in Stockholm with a bruised résumé – dismissed from Chelsea and West Ham – only to inherit a Swedish side that had languished at the bottom of their qualifying group.Against the odds, the duo have now clinched a place at the 2026 FIFA World Cup, thanks to a dramatic playoff victory over Poland that Potter described as “the best night I’ve had in football”.The story reads like a script: a manager dismissed twice in quick succession, a national team rescued by the repechage mechanism of the Nations League, and a last‑minute strike from striker Viktor Gyökeres that sealed the win.Sweden’s qualifying record was bleak – two draws and four defeats in six matches, leaving them behind Switzerland, Kosovo and Slovenia. The team’s fortunes changed only after the Nations League granted a second‑chance pathway for the four best group winners who had not qualified directly.The system, designed to give emerging nations a shortcut past the coefficient hurdle, unintentionally benefited Sweden. After being relegated to League C in 2022‑23, they topped their 2024‑25 group ahead of Slovakia, Estonia and Azerbaijan, earning a spot in the World Cup playoffs.Potter acknowledged the luck of the draw but emphasized that Sweden made the most of the opportunity, turning a “darkest hour” into a dawn of redemption.When Potter took over, the squad was plagued by injuries and a three‑game winless streak. His own career had stalled after a brief, high‑profile stint at Chelsea – highlighted by a Champions League win over Borussia Dortmund – and an unfulfilling spell at West Ham.Sweden’s early results under Potter were mixed: a 4‑1 loss to Switzerland and a 1‑1 draw with Slovenia. However, decisive victories over Ukraine and then Poland in the playoffs propelled them to Qatar.Fans in Stockholm now regard Potter with near‑heroic reverence, recalling his earlier triumphs with Östersund, where he guided the modest club from a 50,000‑person town to three promotions and a Swedish Cup win.During the post‑match press conference, Potter brought his children – decked in Swedish kits – to the front row, describing Gyökeres’s late winner as an “out‑of‑body experience”. Yet he remained modest, crediting the staff and the collective effort of the squad.“We stripped everything back to the basics, got the team together and let the talent speak,” Potter said. “It’s a team game – individual brilliance only shines when the whole unit clicks.”Poland may question how two playoff wins outweigh six qualifying matches, but the narrative underscores the power of redemption in sport. Potter summed it up: “My career has had amazing nights, but reaching the World Cup – wow, this is incredible.”

The Group of Seven (G7) countries have committed to taking all necessary measures to stabilize the energy market, which has been roiled by the ongoing conflict between the US and Iran. In a statement released after a teleconference organized by France, the G7 emphasized its readiness to preserve the stability and security of the energy market in close coordination with its partners. The meeting came as Brent crude prices surged above $116 a barrel due to Iran's retaliatory actions against Gulf oil producers and the effective blockade of shipping through the Strait of Hormuz. The G7, comprising the US, Canada, Japan, Britain, France, Germany, and Italy, also called on countries to refrain from imposing unjustified export restrictions on oil, gas, and related products. The International Energy Agency (IEA) had earlier agreed to release a record 400 million barrels of oil from strategic stockpiles to combat spiking global crude prices. The G7 central banks have committed to maintaining price stability, with monetary policy to be based on data. The conflict has raised fears of further escalation that could drive oil and natural gas prices even higher.

A significant generational divide has emerged among conservatives at the Conservative Political Action Conference (CPAC) in Texas, as the group's leaders plead for unity ahead of a challenging midterm election year for Republicans. The divide centers on the US war with Iran, with younger conservatives expressing disappointment and even 'betrayal' over Donald Trump's launch of strikes against Iran.Younger conservatives argue that Trump's actions run counter to his campaign pledges to oppose foreign entanglements. In contrast, older conservatives are looking past Trump's campaign criticism of military action, arguing that the war in Iran is a pragmatic act forced by threats to the US.The conference, usually a place of optimism, was marked by anxiety over the Iran war, with attendees debating the direction of the Maga movement. The absence of Trump, who is apparently consumed with the war in Iran, was also notable.Meanwhile, Iran has accused the US of plotting a ground assault while publicly seeking talks, as the war enters its second month. The conflict has killed thousands of people and caused significant disruptions to global energy supplies.In related news, US lawmakers are reacting to reports that the Pentagon is preparing for ground operations in Iran, with some expressing concerns about the objectives and execution of such operations.

Reza Pahlavi, the self-styled crown prince of Iran, has made a bold appearance at the Conservative Political Action Conference (CPAC) in Texas, where he pledged to 'make Iran great again' and received a raucous welcome from the audience.Pahlavi, who has become a central opposition figure in the Iranian diaspora, urged US President Donald Trump not to cut a deal with Iran and instead seek regime change, aligning himself with the administration's most hawkish figures.“Can you imagine Iran going from ‘Death to America’ to ‘God Bless America’?” Pahlavi asked his audience in Grapevine, Texas, receiving a standing ovation with his remarks.“President Trump is making America great again. I intend to make Iran great again,” he added, echoing Trump's famous slogan.The speech comes amid a war between the US and Israel against Iran, which has resulted in at least 1,937 deaths and tens of thousands of injuries in Iran, with no end to the fighting in sight.Pahlavi has emerged as an outspoken supporter of Trump, and his appearance at CPAC highlights the divisions within the US right over the war in Iran.While some in the Iranian diaspora have expressed reservations about the US-Israeli attacks, Pahlavi has called for the Iranian regime to be overthrown, saying, “This regime in its entirety must go.”Analysts have warned that the Iranian government is unlikely to collapse and could emerge from the conflict more hardened than before, but Pahlavi remains a central figure in the opposition movement.

For the second consecutive year, US Vice President JD Vance has emerged as the leading candidate in the straw poll at the Conservative Political Action Conference (CPAC), a prominent right-wing gathering in the United States. The poll, which is not necessarily an accurate predictor of the Republican nominee, saw Vance secure 53 percent of the votes from nearly 1,600 attendees. This significant lead highlights Vance's strong support within the conservative base. Secretary of State Marco Rubio, another senior official under President Donald Trump, showed a notable improvement from last year's poll, where he tied for fourth place. Rubio garnered 35 percent of the vote, indicating a rising popularity among CPAC attendees. The straw poll results were announced on stage at the conference, which took place over four days and featured speakers such as Senator Ted Cruz, Iranian opposition leader Reza Pahlavi, and Eduardo and Flavio Bolsonaro, sons of Brazil's former president Jair Bolsonaro. CPAC's annual conference tends to attract attendees from the political right, and this year's event was no exception. The poll results come at a critical time for the Republican Party, with less than eight months until the midterm elections in the US. The party is hoping to defend its congressional majorities amid challenges such as the ongoing war in Iran and rising gas prices. Vance, a veteran and former single-term senator from Ohio, is seen as representing a more isolationist branch of Trump's 'Make America Great Again' (MAGA) base. He has been critical of US involvement in foreign conflicts but has defended Trump's decision to join Israel in joint strikes on Iran. Rubio, on the other hand, has a longer political resume and is viewed as more hawkish towards regime change, particularly in Cuba. Both Vance and Rubio had previously criticized Trump before joining his administration. While the CPAC straw poll has historically shown a realignment in the Republican Party around Trump's politics, it is not always an accurate predictor of future election outcomes. The party's consolidation around Trump's agenda has led to the marginalization of moderate and critical voices.

Issa Diop's international debut for Morocco has added a new twist to the ongoing dispute between Senegal and Morocco over the Africa Cup of Nations (AFCON) title. The Fulham defender, born in France, had his application to switch nationality to Morocco approved by FIFA on Thursday and was immediately drafted into the starting lineup for Morocco's 1-1 draw against Ecuador in Madrid on Friday.Diop's switch is seen as a public relations coup for Morocco, who have been actively courting players with links to the country to improve their national team. The 29-year-old, whose father is Senegalese and mother is Moroccan, had previously rejected overtures from both countries to play for them while holding out hope he might represent France.Diop said he was happy to play in a team with good players and thinks he's made a good choice. He had talks with Morocco's new coach, Mohamed Ouahbi, and Moroccan Federation President Fouzi Lekjaa, who explained their vision to him and welcomed him with open arms.The dispute between Senegal and Morocco centers around the AFCON final, where Senegal walked off the pitch in protest at a potentially decisive penalty awarded to Morocco. Senegal was subsequently stripped of the title and Morocco declared winners. Senegal has formally contested the decision and referred the matter to the Court of Arbitration for Sport.Senegal continues to assert its claim to the title, with the team holding a news conference before a friendly match against Peru, featuring a banner that read 'Champions of Africa'. They are also expected to display the Cup of Nations trophy to supporters before the match.

Mauricio Pochettino, the head coach of the US Men's National Team (USMNT), understands the pressure of playing for your national team in a way few of his players can. Having been a late cut from Argentina's World Cup plans in 1994 and 1998, Pochettino finally made the squad as a veteran in 2002. He recalls the immense pressure Argentina faced during that tournament, with the country in the midst of an unprecedented economic crisis. Pochettino shared his experiences during a press conference ahead of the USMNT's friendlies against Belgium and Portugal. He emphasized that Argentine people feel the pressure deeply, and that football is a battle to survive. The team's performance at the 2002 World Cup was catastrophic, crashing out in the group stage for the first time in half a century. Now, as the US team prepares for the World Cup on home soil, Pochettino aims to shield his players from excessive pressure. He believes that pressure can be heavy if not dealt with properly, and instead focuses on sending good energy to his players. Pochettino encourages his team to perform freely and happily, rather than under the weight of expectation. Christian Pulisic, arguably the most talented player in US soccer history, is likely to feel the burden of pressure. As Captain America, he is the highest-profile player the program has ever seen. Pulisic acknowledged the pressure, stating, "There's pressure, it's a World Cup, it's not because of my position in the team or anything. I'm used to this, I wouldn’t want to be in any other position, I'm lucky to be in this position." Pochettino has created a strong bond with his players, and his motivational approach focuses on building emotional connections. He believes that motivation begins from the first day you meet someone and that words alone are empty without an emotional bond. The coach's positivity is infectious, and his message to the team was simple: "Why not us?" Pochettino's confidence in the team's abilities is clear, stating, "Dreams inspire reality." He genuinely believes the US can compete to win the World Cup, saying, "because we are American." The team's performance will depend on various factors, but Pochettino's faith in his players is evident.