9 h. ago US trade deficit hits record high as businesses, consumers try to get ahead of Trump tariffs

The U.S. trade deficit soared to a monthly record of $140.5 billion in March, signaling a rush for imports from businesses and consumers alike ahead of President Donald Trump’s latest — and most sweeping — tariffs taking effect

Politics

14 h. ago Brian Cox blasts Donald Trump 'nonsense' after US President makes latest tariffs demand

The Dundonian acting legend accused of the Trump Administration of "nonsense and a divine ignorance" when it came to understanding how the film industry worked.

Politics

18 h. ago Barbie maker raises prices due to Trump tariffs as Ford warns of $1.5bn cost

Toy company Mattel says it will reduce imports into the US from China to below 15% by 2026Business live – latest updatesBarbie maker Mattel has said it will increase prices for some products in the US in response to Donald Trump’s tariffs while carmaker Ford said the US president’s measures would cost it about $1.5bn (£1.1bn) this year.The US represents about half of Mattel’s global toy sales, and the company imports about 20% of its goods sold in the country from China. Mattel said it would reduce imports into the US from China to below 15% by 2026. Continue reading...

Economics

24 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

33 h. ago White House claims ‘no final decisions on foreign film tariffs’ after Trump announces plan – live

Trump spokesperson says the administration is ‘exploring all options’ but not yet enacting 100% tariff on movies ‘produced in Foreign Lands’ as president saidDonald Trump’s bombshell announcement that “Movies coming into our Country that are produced in Foreign Lands” will be subject to a 100% tariff has certainly caught the attention of Hollywood, as well as the international film industries it seems to be aimed at – principally Canada, the UK, Australia and New Zealand, as well as European countries such as Hungary and Italy that have often acted as bases for US film production.Vague and grandstanding at it is, the chaotic rollout of previous Trump tariffs has triggered feverish speculation, as well as defiance, in the film industry in exactly how this might play out. Continue reading...

Politics

36 h. ago Luxury car maker makes huge call about car production that's a MASSIVE win for Trump

President Trump's auto tariffs are increasingly having an impact on the car market in the US.

Politics

38 h. ago Mercedes makes huge call about future of cars in US in wake of Trump's steep tariffs

President Trump's auto tariffs are increasingly having an impact on the car market in the US.

Politics

42 h. ago Trump's trade demands go beyond tariffs to target perceived unfair practices

President Donald Trump's trade war isn't just about tariffs

Politics

50 h. ago President Trump threatens 100% tariffs on foreign films: ‘The movie industry in America is dying’

‘We want movies made in America, again!’ proclaimed the President

Politics

3 d. ago Throngs of admirers fill an arena to get Warren Buffett's take on tariffs and Berkshire Hathaway

Thousands of Berkshire Hathaway investors have streamed into an arena hoping to hear Warren Buffett address what he thinks of President Donald Trump’s tariffs and explain why he is sitting on $347.7 billion cash

Events

5 d. ago The Latest: Resolution to block Trump’s global tariffs is voted down by Senate

Senate Republicans narrowly voted down a Democratic resolution that would have blocked global tariffs announced by President Donald Trump earlier this month, giving the president a modest win as lawmakers in both parties have remained skeptical of his trade agenda

Politics

5 d. ago US treasury secretary urges Fed chair to cut interest rates as Trump claims shrinking economy isn’t related to tariff war – live

Bessent urges Powell to cut interest rates, echoing Trump’s demands; US president claims economic slowdown ‘nothing to do with tariffs’Trump’s tariffs: ‘It feels like Covid 2.0. So many things are getting disrupted’The Trump administration is seeking to strip collective bargaining rights from large swaths of federal employees in a test case union leaders argue is part of a broader attack on US labor unions that could land before the US Supreme Court.A Trump win would deliver a severe blow to labor unions in the US. Some 29.9% of all federal workers were represented by labor unions in 2024 compared to 11.1% for all US workers. Continue reading...

Society

5 d. ago Trump live: Kamala Harris breaks silence to warn president’s tariff war inviting recession

Former Democratic vice president and White House challenger calls trade aggressions the ‘greatest man-made economic crisis in modern presidential history’

Events

5 d. ago China hints at openness to trade talks with US; Tesla denies board search for Musk successor – business live

Live, rolling coverage of business, economics and financial markets as Chinese state-controlled social media says US has approached China for trade talksLloyds Banking Group has reported a 7% drop in pre-tax profit to £1.5bn in its first quarter, and is bracing for the ripple effect from Trump’s tariffs on its balance sheet.The high street bank said that it has set aside £309m to account for possible bad debts, compared with previous guidance of £274m, as it added a £35m net charge to prepare for the possible impact on the economic outlook from President Trump’s tariffs.The US has proactively reached out to China through multiple channels, hoping to hold discussions on the tariff issue.Yuyuan Tantian is not among China’s most authoritative state media outlets. The Global Times, which is owned by the newspaper of the governing Communist Party, People’s Daily, has often been first to report China’s next steps in trade disagreements over the past few years.Guo Jiakun, a spokesperson fo...

Politics

6 d. ago AP PHOTOS: US stocks sink after a weak report on the economy

U.S. stocks are sinking following a discouraging report suggesting the U.S. economy may have shrunk at the start of the year, before most of U.S. President Donald Trump’s announced tariffs could take effect.

Culture

6 d. ago How your cup of coffee might become more expensive thanks to Donald Trump

President Donald Trump's current 10 per cent tariffs cover most coffee-producing countries and are expected to drive up costs

Politics

6 d. ago US inflation cools, consumer step up spending, as Americans brace for tariff impact

A closely watched inflation gauge cooled last month in a sign that prices were steadily easing before most of President Donald Trump’s tariffs were implemented

Economics

6 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

7 d. ago Major companies face a difficult task in estimating the impact of tariffs on their business

Executives at some of the world’s biggest companies are faced with the tricky task of explaining how President Donald Trump’s tariffs are impacting their business as they discuss the latest financial results

Economics

8 d. ago Asian shares inch higher as uncertainty over US tariffs persists

Asian markets have inched higher as investors wait to see what comes of negotiations over U.S. President Donald Trump’s tariffs

Politics