5 h. ago F1 team issues statement as Donald Trump's US tariffs prompt changes

Donald Trump's tariff announcements and their economic impact are being felt in all sectors and have prompted a statement from one Formula 1 team after their parent company's announcement

Politics

12 h. ago Trump’s tariffs may be reduced but their impact will be felt in the UK and beyond

We examine potential consequences of US president’s market chaos, which could reach every corner of global finance and economyDonald Trump may have stepped back from his huge tariff rises on every country, except China, which now faces 125%, but the impact of the market chaos is likely to continue in the UK and beyond. The rest of the world still faces a blanket 10% tariff on all US exports.While much of the focus has been the direct impact of the tariffs on physical goods, Trump’s actions threaten to reach every corner of global finance and the economy. Continue reading...

Politics

24 h. ago Trump says pharmaceutical tariffs are coming ‘very shortly.’ How will this impact the price of drugs?

‘We're going to be announcing very shortly a major tariff on pharmaceuticals. And when they hear that, they will leave China,’ president says at Republican fundraiser

Politics

24 h. ago Conservative CDU/CSU and SPD form coalition government in Germany

Two of the country’s biggest parties freeze out right-wing AfD and prepare for impact of Trump’s new tariffsGermany’s biggest mainstream parties have sealed an agreement to form a government keeping the far right out of power, as Europe’s top economy struggles to reverse a downturn and gird itself for the potentially catastrophic impact of new US tariffs.The prospective chancellor Friedrich Merz’s conservative CDU/CSU announced the breakthrough deal with the centre-left Social Democrats (SPD), which had led the ruling coalition since 2021. Continue reading...

Politics

28 h. ago China mocks Trump’s tariffs with AI video of US sweatshop workers: ‘Make America Great Again’

The TikTok video has sparked further debate about the impact the president’s tariffs will have on the U.S.

Economics

29 h. ago Bank of England issues warning of 'severe impact' of Donald Trump tariffs as it issues response

The central bank's Financial Policy Committee (FPC) has warned that the global tariffs imposed on trade could severely rock the UK's financial stability, which could have wider negative effects on the UK economy

Events

50 h. ago Spare a thought for the poor billionaires who backed Trump — and hate tariffs | Marina Hyde

As the great American self-own rages on, the super-rich are beginning to break rank. Meanwhile, Elon Musk’s gone suspiciously quietTrade Wars, Episode V: The Empire Shoots Itself in the Foot. As the world financial markets fail to appreciate his genius, tariff-excreting president Donald Trump has explained it all away by stating that “sometimes you have to take medicine”. Why am I reminded of the bit in Covid where he appeared to suggest that disinfectant could helpfully be injected into the lungs? I guess that was just science, same as this tariffs plan is just economics.Even so, can it really still be less than a week since a Wall Street Journal poll found 77% of US Republicans thought tariffs would have a positive impact? Ah well. Famously, the American people have a great tolerance for pain. If only one of their kindly gazillionare firms could come up with some sort of financial opioid epidemic to take the edge off the coming agonies.Marina Hyde is a Guardian columnist Continue ...

Politics

53 h. ago Rachel Reeves warns of 'profound' impact from Trump tariffs as UK markets finally calm

The Chancellor told MPs she would be meeting her US counterpart, treasury secretary Scott Bessent 'shortly' to discuss the impact of the president's protectionism.

Events

55 h. ago Trump tariffs will have little impact on London's services based economy says report

Only 3% of London exports are goods heading for the newly protectionist US

Politics

56 h. ago Boots' £10 teeth whitener is 'perfect' for removing tea and coffee stains

Boots' £10 Tuesday event has seen an "incredible" Hismile product reduced

Economics

65 h. ago Starmer to face grilling from senior MPs amid ongoing tariff turmoil

Sir Keir Starmer will face questions from the Commons Liaison Committee, as UK businesses begin to feel the impact of US tariffs.

Politics

2 d. ago Keir Starmer's dire warning over Donald Trump economic chaos

Keir Starmer told Jaguar Land Rover workers in Birmingham that Donald Trump's tariffs were bad news and would have a 'profound' impact across the globe - but vowed to back British workers 'to the hilt'

Events

3 d. ago Petrol car ban date confirmed by Keir Starmer amid Donald Trump tariff fallout

The Prime Minister backed the British car industry on Monday as he warned Donald Trump's tariffs will have a 'profound' impact on the global economy

Politics

3 d. ago Keir Starmer confirms when petrol, diesel and hybrid cars will be banned in major speech

Keir Starmer eased rules around new hybrid cars as he warned Donald Trump's tariffs will have a 'profound' impact on the global economy as markets tumbled across the world

Events

3 d. ago JPMorgan CEO Jamie Dimon issues blunt warning about Trump’s tariffs

CEO of America’s largest bank said he is most concerned about geopolitical impact of tariffs

Events

3 d. ago UK company considers moving some production to US to reduce tariff impact

The company said it has ‘a number of options open to it to mitigate impact’ of Donald Trump’s tariffs

Politics

3 d. ago Applied Nutrition looks at move to US production to reduce tariffs impact

The company saw revenues increase by 4.8% to £47.6 million for the six months to January.

Politics

3 d. ago Merz warns of ‘dramatic’ impact of US tariffs on German economy

Chancellor-in-waiting comments after Donald Trump announced 20% levies on all European exports

Events

3 d. ago Companies get creative in finding ways to limit impact of tariffs

Consultants are helping clients lower the customs value of imports to cut the cost of new levies

Politics

3 d. ago How Trump's tariffs will impact crypto: From Bitcoin to Ethereum, world

There are fears that the huge tariffs imposed on America's trading partners, will mean firms will find it harder to do business abroad and the fall in trade will lead to global economic recessions.

Politics