8 h. ago As markets implode, US trading partners puzzle over whether there's room for negotiations

The impact from U.S. President Donald Trump's blast of tariff hikes is reverberating across world markets as America's trading partners puzzle over whether there is room for negotiating better deals

Politics

3 d. ago IMF warns of ‘significant risk’ to global economy from Trump tariffs as markets plunge

Fund boss Kristalina Georgieva says it is important that US and trading partners avoid escalating trade warBusiness live – latest updatesThe International Monetary Fund (IMF) has warned that Donald Trump’s implementation of swingeing tariffs poses a “significant risk” to the global economy, as stock markets were hit by a punishing worldwide sell-off by investors.Kristalina Georgieva, the managing director of the IMF, said it was important that the US and its trading partners avoided further escalating Trump’s trade war, while stock markets plunged on Friday as China retaliated against the tariffs. Continue reading...

Events

4 d. ago US stock markets tumble as investors shaken by Trump tariffs

Dollar hits six-month low after president announces sweeping tariffs on US’s largest trade partnersTrump condemned as global markets tumble – live updatesUS stock markets tumbled on Thursday as investors parsed the sweeping change in global trading following Donald Trump’s announcement of a barrage of tariffs on the country’s trading partners.All three major US index funds were down as trading started on Thursday morning. The tech-heavy Nasdaq fund was down 4.5%, while S&P 500 and the Dow dropped 3.4% and 2.7% at opening, respectively. Continue reading...

Economics

4 d. ago Trump’s ‘idiotic’ and flawed tariff calculations stun economists

‘Willing sycophants’ came up with simplistic formula that has thrown global economy into disarrayUS politics live – latest updatesUK politics live –latest updatesEurope live – latest updatesWaving a big chart as a prop in the White House Rose Garden, Donald Trump suggested his new tariff plan was simple: “Reciprocal – that means they do it to us, and we do it to them. Very simple. Can’t get simpler than that.”Perhaps a bit too simple. The method used to calculate the most important numbers in international trade, politics and economics has left some of the world’s leading experts shocked.Goods trade deficit: $291.9bnTotal goods imports: $438.9bnThose figures divided = 0.67, or 67%And halved = 34%Reciprocal tariffs are calculated as the tariff rate necessary to balance bilateral trade deficits between the US and each of our trading partners. This calculation assumes that persistent trade deficits are due to a combination of tariff and non-tariff factors that prevent trade from balanc...

Politics

4 d. ago Trump news at a glance: sweeping tariffs announced; Musk could be nearing end of role

Trump announces ‘reciprocal’ tariffs on largest US trading partners; Elon Musk may leave government role at end of 130-day cap. Here’s your roundup of key US politics stories from 2 April 2025Donald Trump announced sweeping tariffs on some of its largest trading partners on Wednesday, upending decades of US trade policy and threatening to unleash a global trade war on what he has dubbed “liberation day”.Trump said he will impose a 10% universal tariff on all imported foreign goods in addition to “reciprocal tariffs” on a few dozen countries, charging additional duties onto countries that Trump claims have “cheated” America. Continue reading...

Politics

4 d. ago Trump announces sweeping new tariffs, upending decades of US trade policy

President to impose ‘reciprocal’ tariffs on largest trading partners and says new charges will bring about ‘golden age’Business live – latest updatesDonald Trump announced sweeping tariffs on some of its largest trading partners on Wednesday, upending decades of US trade policy and threatening to unleash a global trade war on what he has called “liberation day”.Trump said he will impose a 10% universal tariff on all imported foreign goods in addition to “reciprocal tariffs” on a few dozen countries, charging additional duties onto countries that Trump claims have “cheated” America. Continue reading...

Politics

4 d. ago Trump tariffs live updates: President unveils reciprocal tariffs on U.S. trading partners stoking fears of trade war

President reveals next phase of sweeping tariffs agenda; global markets fear escalating trade war

Politics

6 d. ago Trump prepares to unveil reciprocal tariffs as markets brace amid trade war fears

President promises he will be ‘very kind’ but critics warn his strategy risks triggering chain reaction and global trade warAs Donald Trump prepared to unveil a swathe of reciprocal tariffs, global markets braced and some Republican senators voiced their opposition to a strategy that critics warn risks a global trade war, provoking retaliation by major trading partners such as China, Canada and the European Union.The US president said on Monday he would be “very kind” to trading partners when he unveils further tariffs this week, potentially as early as Tuesday night. Continue reading...

Politics

1 week ago Japan says ‘every option’ on table as global car industry reels from Trump’s 25% tariffs

Automakers’ shares drop as trade partners rush to respond to US president’s latest measures

Politics

1 week ago Japan says ‘every option’ on table against Trump’s 25% car tariffs

Automakers’ shares drop as trade partners rush to respond to US president’s latest salvo ahead of April 2 deadline

Politics

1 week ago Copper prices have soared as the US threatens tariffs on the metal and China boosts its economy

Copper prices have hit record highs as an ongoing trade war between the U.S. and its key trading partners threatens to squeeze supplies of the vital metal

Economics