6 h. ago Asian shares rise after Wall Street falls as Trump pressures trading partners with new tariffs

Asian shares are mostly higher after stocks fell on Wall Street as the Trump administration stepped up pressure on trading partners to make deals before punishing tariffs imposed by the U.S. take effect

Politics

16 h. ago Trump renews threat to hit trading partners with steep tariffs

Stocks fall even as White House extends deadline for ‘reciprocal’ levies from July 9 to August 1

Events

18 h. ago Donald Trump announces 25% tariffs on Japan and South Korea in letters released on social media – US politics live

US president’s letters appear to be the first his administration planned to release today outlining new tariffs on major trading partners The president of the European Commission, Ursula von der Leyen, said she had a “good exchange” with Donald Trump on Sunday, a Commission spokesperson told reporters during a daily press briefing this morning.The spokesperson said:We want to reach a deal with the US (by 9 July). We want to avoid tariffs. We believe they cause pain. We want to achieve win-win outcomes, not lose-lose outcomes. Continue reading...

Politics

22 h. ago ‘Discussions continue’ over US steel tariffs deal ahead of deadline, says No 10

US president Donald Trump has said he plans to start implementing tariffs on the US’s trade partners on July 9.

Economics

31 h. ago Asian shares are mostly down as Trump’s tariff deadline looms and pressure steps up

Asian shares are mostly down as the Trump administration steps up pressure on trading partners to quickly make new deals before a Wednesday tariff deadline

Events

32 h. ago Trump and US commerce secretary say tariffs are delayed until 1 August, sparking confusion

President says team will start sending trade partners letters with new tariff rates ahead of this week’s original 90-day deadline to make dealDonald Trump has said that his administration plans to start sending letters on Monday to US trade partners dictating new tariffs, amid confusion over when the new rates will come into effect.“It could be 12, maybe 15 [letters],” the president told reporters, “and we’ve made deals also, so we’re going to have a combination of letters and some deals have been made.” Continue reading...

Politics

35 h. ago Trump and US commerce secretary say tariffs are delayed until 1 August

President says team will start reaching out to trade partners with new tariff rates as 90-day pause ends this weekDonald Trump said on Sunday that his administration plans to start sending letters on Monday to US trade partners, dictating new tariff rates to be imposed on goods they sell to Americans. “It could be 12, maybe 15,” the president told reporters, “and we’ve made deals also, so we’re going to have a combination of letters and some deals have been made.”With his previously announced 90-day pause on tariffs set to end on 9 July, the president was asked if the new rates would go into effect this week, or on 1 August, as some officials had suggested. Continue reading...

Politics

4 d. ago Trump to step up tariff pressure with letters to trade partners on new rates

US president appears to be losing patience, with only two deals agreed ahead of July 9 deadline

Politics

4 d. ago Trump says US will send letters setting tariff rates to trading partners

About ‘10 or 12’ will go out on Friday to those without deal in place, then more over next few daysBusiness live – latest updatesDonald Trump has said that the US will start sending out letters to trading partners on Friday setting tariff rates that countries will have to pay from the beginning of next month.The US president told the media that about “10 or 12” letters would be sent out initially, with further letters sent out over the “next few days”. Continue reading...

Politics

4 d. ago Trump says US to start sending tariff rates letters to trading partners

Letters to be sent to countries without a deal in place before end of 90-day pause on 9 JulyBusiness live – latest updatesDonald Trump has said the US will start sending letters to trading partners setting out tariff rates that countries will have to pay from the beginning of next month.The US president told the media that about “10 or 12” letters would be sent out on Friday, with further letters sent out over the “next few days”. Continue reading...

Politics

4 d. ago Voters now say its Trump’s economy as they pin current economic conditions on him over Biden

The Trump administration has set a July 9 deadline for new tariff rates with numerous international trading partners

Politics

1 week ago Asian shares are mostly higher after US stocks rise to the brink of a record

Asian are mostly higher after U.S. stocks ran up to the edge of another record

Politics

2 w. ago I grew up on American food. Trust me, it’s the last thing Europe needs | Alexander Hurst

The EU is under pressure to strike a trade deal with Trump, but an influx of mass-produced, low-quality food must be off the tableAll over European media, the take seems to be similar – that the EU is “under pressure” to conclude some sort of deal with the US in order to avoid Donald Trump’s 9 July deadline for the unilateral imposition of broad tariffs. What might be on the table in the attempt to secure that? In early May, the EU trade commissioner, Maroš Šefčovič, was already suggesting that a deal to increase purchases from the US could include agricultural products – a possibility that seems to remain even though Šefčovič later clarified that the EU was not contemplating changing its health or safety standards.Since I have failed to Abba (“Always be boldly acronyming”) and don’t have anything as good as Taco (“Trump always chickens out”) – coined by the Financial Times columnist Robert Armstrong – at the ready, I’ll simply reach for the easy line: opening the door even slightly...

Politics

2 w. ago UK transport secretary calls HS2 an ‘appalling mess’ as she confirms delay

Heidi Alexander vows to ‘sort out’ HS2 project; UK inflation dips to 3.4% as transport costs ease while food prices jumpUK inflation eases to 3.4% amid falling fuel and air fare pricesInflation pressures remain sticky in the UK, according to Rob Wood, chief UK economist at Pantheon Macroeconomics.Looking ahead, we continue to expect CPI inflation to average 3.4% for the rest of the year as strong wage growth, minimum wage hikes and tax increases pass through to retail prices. We think headline inflation will struggle to dip below 3% before April 2026. By that point, inflation will have been above target almost continuously for five years, risking further deanchoring of inflation expectations and persistent wage pressure.Granted, US president Trump’s trade war could lead to some diversion of Chinese exports previously bound to the US, which could cut UK inflation. But war in the Middle-East has boosted oil and natural gas prices, adding 10bp to our forecast inflation peak and risks p...

Politics

2 w. ago Asian shares are mixed and oil prices rise as escalating Iran

Asian shares are mixed and oil prices have advanced after the escalation of conflict in the Middle East hit Wall Street

Politics

3 w. ago Trump tariffs may remain in effect during appeals process, court rules

The decision applies to broad-based tariffs affecting most U.S. trading partners

Politics

4 w. ago LIVE: FTSE falls and Wall Street creeps higher as London hosts US

LIVE: FTSE falls and Wall Street creeps higher as London hosts US-China trade talks  Yahoo

Politics