Trump officials dismiss market rout in vow to press on with punishing tariffs

The FT says the UK treasury plans to water down rules for private equity and hedge funds by introducing softer regulations for smaller groups to incentivise investment. The paper says Trump’s top team show no signs of halting the “brusining tariffs” on imports from around the world and are rejecting “fears of a looming recession.”
The US is closing on a deal with the Democratic Republic of Congo that would see American companies take more control of critical mineral assets in return for greater backing for the embattled Kinshasa government.
Large institutional investors are studying options to shed stakes in illiquid private equity funds after the rout in global financial markets pummelled their portfolios, according to top private capital advisers.