13 h. ago Top economist urges Reeves to raise basic rate of income tax for first time in 50 years

Institute for Fiscal Studies boss Paul Johnson warned Donald Trump’s trade war is ‘badly buffeting’ the UK economy

Economics

15 h. ago ‘Severe strain’ on tech supply chains will cause more price rises in electronics

Experts say the ongoing uncertainty around Donald Trump’s tariff policy is forcing firms to put prices up – as Sony announced PS5 price rises.

Science

24 h. ago China halts critical rare earth mineral exports as Trump teases new tariffs

US president says he will announce tariff rates on semiconductors next week

Politics

28 h. ago Trump warns exemptions on smartphones, electronics will be short

The US president has said no one is ‘getting off the hook’, as he promises to launch a national security investigation into the semiconductor sectorThe exemption of smartphones, laptops and other electronic products from import tariffs on China will be short-lived, top US officials have said, with Donald Trump warning that no one was “getting off the hook.”“There was no Tariff ‘exception’, Trump said in a social media post on Sunday. “These products are subject to the existing 20% Fentanyl Tariffs, and they are just moving to a different Tariff ‘bucket.’” Continue reading...

Events

43 h. ago Price hike on Shein? How Trump tariffs could shift the US’s love of fast fashion

Trump ended the ‘de-minimis’ rule while launching a trade war with China – which will make retail giants such as Temu more expensive, experts sayAfter a chaotic week of flip-flopping tariff policies, cheap clothes from China are nearly certain to face a steep price hike soon – prompting concern among fast fashion retailers and potentially pushing consumers to look for other alternatives.As part of a package of global tariff policies announced on “liberation day” last week, Donald Trump signed an executive order that ended a duty-free exemption for low-priced goods to enter the US from China and Hong Kong. Known as the “de-minimis” rule, packages under $800 do not qualify for any taxes or tariffs on the goods and are inspected minimally at the border. Continue reading...

Politics

3 d. ago Hopes rising for trade deal with US 'in the coming days': Ministers push for pact to see off threat of 25% tariffs from Trump

Ministers are desperate to strike an agreement with Donald Trump despite his advisers warning that he will not ease tariffs on the UK.

Politics

3 d. ago Prince Harry given stark Donald Trump warning over secret Ukraine trip

Prince Harry made a secret trip to Ukraine following his time in the UK - however, experts warn the move may not sit well with some.

Events

3 d. ago Prince Harry slapped with Donald Trump warning after secret Ukraine visit

Prince Harry made a secret visit to Ukraine following his trip to the UK, where he met victims of the war with Russia - but experts predict the move might not go down well with some

Events

3 d. ago China hits back at US with 125% tariffs as Xi Jinping warns Donald Trump ‘there are no winners in trade war’

The move announced on Friday is the latest tit-for-tat retaliatory tariffs hike in a growing trade war between the two superpowers

Events

3 d. ago Nigel Farage compares Donald Trump to LIZ TRUSS and warns the US might not win trade war with China

Nigel Farage moved to distance himself from his long-term ally as he admitted he had never seen the kind of chaos that has gripped markets in the wake of 'Liberation Day'.

Events

3 d. ago Donald Trump 'at risk of serious health condition' warns doctor after seeing new photos

The President's slimmer figure has drawn praise from fans but could it be a sign of something more sinister?

Events

4 d. ago The big lesson for Europe? Trump backed down under pressure | Alexander Hurst

The EU neither ‘kissed ass’ nor unleashed its most powerful trade weapon. Now it must provide the world with an alternative to US chaosMy condolences to everyone who spent days trying to play 5D chess with Donald Trump’s market-exploding tariff mess. Where Trump is involved, there is a cloud of malevolent chaos, and there is grift amid the chaos. What grandmasters there are to be found are almost certainly grandmasters of grift.When markets dump $10tn in three days and then gain trillions back in a single afternoon on the erratic decisions of one deeply corrupt person, you can be sure that a small number of people have made immense sums of money out of that volatility. Were the people responsible for abnormal spikes buying into the markets (including call options on various indexes and exchange-traded funds) on Wednesday morning – and again, 20 minutes before the tariff announcement went public – extraordinarily lucky? Were they in the right Signal group? Or were they just simply fo...

Politics

4 d. ago US steps up Houthi airstrikes as Iran warned of 'great danger'

The United States has launched major airstrikes on Tehran-backed Houthi rebel positions in the wake of President Donald Trump's warning to Iran of 'great danger' in continuing its nuclear weapons programme

Events

4 d. ago Bank of England issues warning after Donald Trump tariff announcement

The American president has announced a series of new and higher tariffs on all imports to the US

Events

4 d. 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

5 d. ago China’s new tariffs on US goods to come into effect as Trump pauses measures for other countries – business live

China’s 84% retaliatory tariffs on US goods, announced on Wednesday, are due to come into effect on ThursdayRead the latest full reportIn a stunning U-turn, Trump has reversed high tariffs on most nations – at least for 90 days. But the focus is now on China, the second-biggest provider of US imports, of which the pause does not apply.Instead, Trump has raised tariffs on China to 125%, while China has announced new tariffs of 84% on all US imports, further escalating a high-stakes confrontation between the world’s two largest economies.For President Xi, there is only one politically viable response to Trump’s latest threat: Bring it on! Having already surprised domestic audiences with a forceful 34% reciprocal tariff, any appearance of backing down would be politically untenable,” says Diana Choyleva, founder and chief economist at Enodo Economics, a forecasting firm.”Global markets surged after Trump announced his 90-day tariff pause. The S&P 500 surged 5.6%, while the Nasdaq h...

Politics

5 d. ago Stock markets soar to record gains after Trump announces pause on most of his tariff plan

The president announced this decision in a Truth Social post on Wednesday afternoon

Economics

5 d. ago The Guardian view on Trump’s trade war: no one will win, but China is taking the long view | Editorial

Beijing is braced for turbulence due to swingeing tariffs. But it sees a bigger, more promising story of US hegemonic declineNo one, least of all consumers and workers, will win the ferocious trade war that Donald Trump has unleashed. This is “a game of who can bear more pain”, in the words of one analyst. And because trade is at the heart of US ties with its biggest tariff target, China, the rest of the bilateral relationship is likely to deteriorate. That too is concerning.Yet China, despite the economic struggles of recent years, may see a longer-term opportunity in the current crisis. Beijing’s response to the initial US tariff announcements was measured. Now it vows to “fight to the end” and has imposed an additional 50% tariff on US goods – taking the total to 84% – in retaliation for tariffs that Mr Trump now says will hit 125%.Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for p...

Politics

5 d. 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

5 d. 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