9 h. ago Trump called for 100% tariff on foreign films a day after Jon Voight proposed ‘limited’ tariffs

Actor was assigned by Trump to come up with a plan to save Hollywood, but his proposal only included tariffs ‘in certain limited circumstances’US president Donald Trump announced his 100% tariff on films “coming into our country produced in foreign lands” one day after meeting with actor Jon Voight to discuss his proposals to bring film production back to the US – which only suggested that tariffs could be used “in certain limited circumstances”.The Midnight Cowboy and Heat actor, who was appointed a “special ambassador” to Hollywood by Trump, has been meeting with studios, streamers, unions and guilds for months to develop a plan to lure film and television productions back to the US. Production companies often seek more cost-effective locations or tax incentives in other countries such as Canada, Australia, the UK, New Zealand, Hungary, Italy and Spain. Continue reading...

Politics

12 h. ago Half of profit warnings in April cite trade tariff impact, reports finds

A raft of firms worldwide have sent out alerts over their profits since the tariff hikes were unleashed by Donald Trump on April 2.

Events

16 h. ago Trump White House says ‘no final decisions’ on foreign film tariffs

Officials say administration ‘exploring all options’ after president declared 100% tariff on non-US-produced filmsThe White House said on Monday that no final decisions have been made about imposing tariffs on foreign films, just a day after Donald Trump declared a 100% tariff on all movies produced outside the United States – an announcement that sparked widespread alarm across the global film industry.“Although no final decisions on foreign film tariffs have been made, the administration is exploring all options to deliver on President Trump’s directive to safeguard our country’s national and economic security while Making Hollywood Great Again,” White House spokesperson Kush Desai said. Continue reading...

Politics

17 h. ago Fears of UK film industry jobs bloodbath: Tens of thousands of freelancers could be out of work if Donald Trump applies 100% tariff on non

UK industry figures have warned the plans 'could deal a knock-out blow' to the UK film sector.

Politics

27 h. ago Albanese holds ‘warm’ talks with Trump on Aukus and tariffs after election win

Anthony Albanese is first Australian prime minister in decades to win a second straight term

Politics

4 d. ago McDonald’s and General Motors say Trump’s tariff war is harming business

Fast-food company reports 3.6% fall in sales and carmaker says tariffs could cost it as much as $5bn in 2025McDonald’s and General Motors have warned that uncertainty around Donald Trump’s tariff policy is hurting business, hitting sales and knocking profits.The fast-food chain reported a 3.6% fall in sales in its US home market during the first quarter, driven mainly by lower customer numbers as consumers reined in their spending in the face of an unpredictable economic outlook. Continue reading...

Politics

5 d. ago Trump tariffs cause fastest slump in British factory export orders in five years

Decline in output and new orders in April allied with rising uncertainty is prompting layoffs, survey findsBusiness live – latest updatesBritain’s factories suffered a slump in export orders last month as Donald Trump’s globally unsettling tariff regime sent overseas demand for UK goods tumbling at the fastest pace in five years.Manufacturers reported rising economic and trade uncertainties in April as some tariffs took effect and other threatened border taxes loomed, forcing them to lay off workers for a sixth consecutive month. Continue reading...

Politics

5 d. ago U.S. economy shrinks for first time in three years as Trump’s tariffs spark trade war fears

The American economy shrank by 0.3 percent during the first quarter of this year, marking the first drop in three years as President Donald Trump’s tariff policies disrupted businesses and their supply chains.

Politics

6 d. ago Donald Trump declares war on Jeff Bezos over Amazon's 'hostile' tariff price rise

Donald Trump's White House Press Secretary Karoline Leavitt condemned Jeff Bezos' move as “a hostile and political act by Amazon”, adding that she had spoken directly with the president about the decision.

Politics

1 week ago Massive blow to Trump as Japanese car giant moves manufacturing OUT of US in tariff twist

Subaru is reshuffling its supply chain in response to President Donald Trump's tariff upheavals.

Politics

1 week ago UK must take impact of trade wars ‘very seriously’, says Bank governor

Andrew Bailey said the central bank is currently ‘working through’ the implications of US President Donald Trump’s tariff plans.

Events

1 week ago Xi contrasts China’s clean energy promises with Trump turmoil

Virtual meeting of leaders also hears UN’s António Guterres proclaim ‘no group or government’ can stop green revolutionChina will continue to push forward on the climate crisis, Xi Jinping has said while appearing to criticise the “protectionism” of Donald Trump’s tariff policies.The Chinese president was attending a closed-door virtual meeting with the UN secretary general, António Guterres, Brazil’s president, Luiz Inácio Lula da Silva, the European Commission president, Ursula von der Leyen, and about a dozen other heads of state and government to discuss the climate crisis. Continue reading...

Politics

1 week ago New tax rises warning as UK borrowing jumps in UK hit by Donald Trump tariff wars

Public sector net borrowing rose to £151.9 billion in the year to the end of March - equal to £95,300 per household

Events

1 week ago New tax rises warning as borrowing jumps in UK hit by Donald Trump tariff wars

Public sector net borrowing rose to £151.9 billion in the year to the end of March, says the ONS

Events

1 week ago IMF forecasts three more Bank of England rate cuts this year

The International Monetary Fund has slashed its forecasts for the UK economy on the back of Donald Trump's trade tariff uncertainty warning the UK is likely to see an inflation spike

Politics

1 week ago Even Trump must know that firing the chair of the Fed would be self

Jerome Powell is a soft target for the president amid economic instability. But getting rid of him would only invite more chaosUS stock markets, Treasury bonds and the dollar itself are sliding amid the tariff turmoil and Donald Trump needs a soft target. It was probably only a matter of time before he intensified his attacks on Jerome Powell, chair of the US Federal Reserve. It is an easy narrative to blame the dull central banker with orthodox worries about anchoring inflation expectations. Nor is Powell able to engage in tit-for-tat soundbites. Unlike Trump, he must measure the impact on markets of his every word.The open question is how far Trump intends to push things. Monday’s reaction in financial markets was strong because it seemed for the first time that the president could be serious about removal. “Powell’s termination cannot come fast enough!” declared Trump, which was several notches beyond his usual whine about urging the Fed to hurry up with cuts in interest rates. C...

Politics

1 week ago Britain's growth outlook is slashed 0.5% by IMF in fresh blow to Rachel Reeves as she jets off to Washington for crunch talks as Trump's tariff war tests 'resilience of global economy'

Britain's growth outlook has been downgraded by the International Monetary Fund in a fresh blow for Labour - as Donald Trump's tariff wars deliver a severe hit to the global economy.

Politics

2 w. ago Modi and JD Vance hail ‘significant progress’ in trade negotiations

Visit to India by vice-president and family could be overshadowed by US visa tensions and farmer protestsIndia’s prime minister, Narendra Modi, and US vice-president JD Vance have hailed “significant progress” in negotiations toward a bilateral trade agreement, a deal that could help India avoid sharp tariff hikes announced by President Donald Trump.Vance, accompanied by second lady, Usha Vance, and their children – Ewan, Vivek, and Mirabel – landed in the Indian capital earlier on Monday for a four-day visit combining high-level negotiations with family sightseeing. They were received at the airport by railways minister Ashwini Vaishnaw. Vance stood under a red canopy that shielded him from the blazing sun as soldiers saluted and a military band played the US anthem. Continue reading...

Politics

2 w. ago Martin Lewis explains Donald Trump tariff effects on UK energy bills

The US President has caused global markets to experience a rollercoaster few days, including historic falls followed by record rises

Politics

2 w. ago Chinese city launches bizarre toilet 'counterattack' against Donald Trump after tariff row

Chinese people are staging a dirty protest against Donald Trump by flocking to the shops to buy a US President-themed toilet brush in massive numbers amid the tariff war

Politics