1 hour ago Donald Trump’s trade war on drugs will see him impose 25 per cent tariff 'on first day'

Donald Tump claimed he would impose a 25% tariff on all goods from Canada and Mexico on his very first day back in the White House in a bid to stop 'crime and drugs'

Events

2 hours ago Trump doubles down on his tariff threat. Mexico and Canada are taking him seriously and literally

Other countries can’t afford to play guessing games with Trump. The American public would be wise to respond in kind

Politics

3 hours ago Canada PM under pressure to stand up to Trump over tariff plan; US motorists could face higher gas prices – live

China, Canada and Mexico hit back at Trump’s plan to impose higher tariffs amid warnings over impact on American consumersTwo-thirds of Americans think tariffs will lead to higher prices, poll saysTrump’s talk of tariffs raises fears of hit to economies worldwideDonald Trump has used the fentanyl crisis gripping the US to support his ambition to impose trade tariffs on China. It gives the incoming US president an opportunity to both appear to be addressing the narcotics emergency, while also reinforcing one of his key aims in terms of US trade.China is the dominant source of chemical precursors used by Mexican cartels to produce fentanyl, while Chinese money launderers have also become key players in the international drug trade, US authorities say.Trump has said that, as soon as he get...

Politics

4 hours ago Trump team looks to roll back student debt relief in latest move targeting American pocketbooks: Live

President-elect announced on Monday proposed tariffs on some of nation’s biggest trade partners

Politics

7 hours ago Welfare and NHS reform key to handing Keir Starmer a second term and driving economic growth

Daily Record Political Editor Paul Hutcheon says moving people from welfare to work is central to the Prime Minister's economic case.

Economics

7 hours ago UK and EU shares fall after Trump announces tariffs on Canada, Mexico and China... with fears of global trade war

The US president-elect pledged levies on goods coming to America until the countries clamped down on drugs and people smuggling.

Politics

9 hours ago Tories accuse Labour of ‘pinching our ideas’ with jobs plan – UK politics live

Shadow minister says Liz Kendall ‘making right noises to fix economic activity’ but claims plans lack substanceThe Federation of Small Businesses applauds the ambition in the government’s Get Britain Working, but says that overcoming the “pervasive poverty of ambition” about employment in the public sector won’t be easy. This is from Tina McKenzie, the FSB’s policy chair.This is a start – but only a start – in fixing the pervasive poverty of ambition in the Jobcentre, health and other state systems when it comes to getting people back into work. Increasing employment is ultimately the most sure-fire way to drive up living standards and economic growth. Ministers have a huge job to persuade public institutions that work is good for health and that everyone who needs work should be helped...

Politics

12 hours ago Donald Trump’s trade tariffs could cost US consumers $2,400 a year – business live

Rolling coverage of the latest ecoonomic and financial newsTrump vows tariffs on Mexico and Canada and deeper tariffs on ChinaThe US president-elect’s social media post announcing 25% import tariffs on products from Mexico and Canada, and 10% from China, when he takes power in January has sent global stockmarkets into a spin.Research by ING has estimated that if the costs of the new tariffs are fully passed on to consumers, then Americans will face having to pay $2,400 more per capita annually for goods.“President-elect Donald Trump has promised to implement sweeping new tariffs aimed at protecting American industries, promoting domestic manufacturing, and reducing reliance on foreign imports.“However, tariffs imposed during the first Trump term – and continued and extended under Biden ...

Economics

14 hours ago Levi’s and Jack Daniel’s ‘on tariff hit list’ if Trump targets Britain

PM urged to ‘Trump-proof’ Britain if president-elect imposes levies on UK imports to the US

Events