1 hour ago Stock markets expected to continue plunge as investors fear impact of Trump’s tariffs and China’s response

Friday’s stock market comes after a historically bad day as investors react to Trump’s tariff plan

Economics

1 hour ago ‘Only job I know’: tiny Lesotho’s garment workers reel from Trump’s tariffs

Impoverished African country is hit with highest tariff rate at 50%, overturning decades of global trade policyThe day after Donald Trump announced sweeping global tariffs, Lesotho’s garment workers feared for their jobs.Last year, Lesotho sent about 20% of its $1.1bn (£845m) of exports to the US, most of it clothing, as well as diamonds, under a continent-wide trade agreement meant to help African countries’ development via tariff-free exports. Continue reading...

Politics

1 hour ago ‘Only job I know’: tiny Lesotho’s garment workers reel from Trump’s 50% tariffs

Impoverished African country is hit with highest tariff rate, overturning decades of global trade policyThe day after Donald Trump announced sweeping global tariffs, Lesotho’s garment workers feared for their jobs.Last year, Lesotho sent about 20% of its $1.1bn (£845m) of exports to the US, most of it clothing under a continent-wide trade agreement meant to help African countries’ development via tariff-free exports, as well as diamonds. Continue reading...

Politics

1 hour ago From Nike to Apple: which US brands could be hit hardest by Trump tariffs and what’s at stake?

Companies with suppliers in Asian countries are likely to have to raise prices after the US president’s measuresBusiness live – latest updatesDonald Trump’s “liberation day” tariff war has so far wiped trillions off the market value of publicly traded companies, with the sweeping border taxes of up to 50% poised to wreak havoc on businesses across the world.US-based global brands from Nike to Apple have suffered some of the heaviest falls in share price and market value, as investors react to fears of price increases and a potential slowdown in consumer spending. Here, we examine some of the most exposed industries and brands. Continue reading...

Politics

2 h. ago Trump tariffs live: China hits US with huge 34% tariff after FTSE drops in market meltdown

China hits back with huge tariffs after Trump’s ‘Liberation Day’ wipes $2.4trn from S&P 500, in its biggest one-day loss since March 2020

Politics

3 h. ago Trump tariffs live: FTSE hits lowest level since December as global market meltdown continues

FTSE slumps after Trump’s ‘Liberation Day’ tariffs wipe $2.4trn from S&P 500, in its biggest one-day loss since March 2020

Politics

5 h. ago Trump tariffs live: FTSE hits lowest level in months after market meltdown enters second day

FTSE slumps after Trump’s ‘Liberation Day’ tariffs wipe $2.4trn from S&P 500, in its biggest one-day loss since March 2020

Politics

5 h. ago Trump live: ‘Liberation Day’ tariffs wipe $3.1 trillion from Wall Street as analysts warn of global recession

President Trump says his tariffs are ‘going very well’ despite U.S. markets suffering their steepest declines since 2020

Events

6 h. ago Trump tariffs live: President says Starmer ‘very happy’ with UK’s tariff after Asian markets plunge again

Donald Trump’s ‘Liberation Day’ tariffs wiped $2.4trn from S&P 500, in its biggest one-day loss since March 2020

Politics

10 h. ago Trump tariffs live: Asian markets open in red for second day over global trade war

Trump’s tariffs caused global markets to freefall

Politics

11 h. ago Not that Norfolk! Mislabelled shipments led to Trump tariffs on uninhabited islands and remote outposts with no US trade

Exclusive: Aquarium systems, Timberland boots and recycling plant parts were mislabelled as coming from remote Norfolk Island or Heard and McDonald islandsTariffs send US markets tumbling to worst day since Covid crashTrade tariffs imposed on tiny Australian territories that are either uninhabited or claim to have no trading relationship with the US appear to have been calculated based on erroneous trade data.The data relates, at least in part, to shipments mislabelled as coming from remote Norfolk Island, or Heard Island and McDonald Islands, instead of their correct countries of origin, the Guardian can reveal. Among the erroneously-labelled shipments over the past five years from the island territories are shipments of aquarium systems, Timberland boots, wine and parts for a recycling plant. Continue reading...

Politics

11 h. ago Trump live: Markets see worst day since Covid after new tariffs as president teases $5m gold card featuring his face

President Trump imposes blanket tariffs on all countries, hitting China and Europe hardest

Politics

13 h. ago Britain did better than Europe in 'Liberation Day' tariffs because of Brexit, Labour told

Ministers were yesterday urged to thank the previous government for 'getting Brexit done', after Donald Trump levied tariffs on UK goods at only half the level imposed on the EU.

Politics

16 h. ago Trump tariffs live: US markets see worst day in five years as president claims ‘stock is going to boom’

US president insists country is going to flourish as markets close sharply down; Republican ex-leader Mitch McConnell says tariffs are a ‘bad policy’US stock markets have worst day since Covid over Trump tariffsGlobal markets in turmoil amid Trump tariffsTrump’s chaos-inducing global tariffs, explained in chartsIn the aftermath of the disastrous debate against Donald Trump that ultimately ended his political career, Joe Biden skipped a White House meeting with the congressional Progressive caucus in favor of a Camp David photoshoot with the fashion photographer Annie Leibovitz, a new book says.“You need to cancel that,” Ron Klain, Biden’s former chief of staff and debate prep leader, told the president, as he advocated securing the endorsement of the group of powerful progressive politicians perhaps key to his remaining the Democratic nominee. Continue reading...

Politics

17 h. ago Global markets in turmoil as Trump tariffs wipe $2.5tn off Wall Street

Economists say levies of between 10% and 50% have dramatically added to the risk of a worldwide downturnGlobal financial markets have been plunged into turmoil as Donald Trump’s escalating trade war knocked trillions of dollars off the value of the world’s biggest companies and heightened fears of a US recession.As world leaders reacted to the US president’s “liberation day” tariff policies demolishing the international trading order, about $2.5tn (£1.9tn) was wiped off Wall Street and share prices in other financial centres across the globe. Continue reading...

Economics

17 h. ago Donald Trump's tariffs hit major brands including Nike and H&M

Major brands have been feeling the impact of Donald Trump's newly announced 'Liberation Day' tariffs, with Nike, Adidas and Puma among the big names to suffer huge losses already

Politics

17 h. ago US stock markets see worst day since Covid pandemic after investors shaken by Trump tariffs

All three major US index funds close down as Apple and Nvidia, two of US’s largest companies, lose combined $470bnUS 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 stock markets closed down in their worst day since June 2020, during the Covid pandemic. The tech-heavy Nasdaq fell 6%, while the S&P 500 and the Dow dropped 4.8% and 3.9%, respectively. Apple and Nvidia, two of the US’s largest companies by market value, had lost a combined $470bn in value by midday. Continue reading...

Economics

17 h. ago Dow and NASDAQ see historically bad day with plunges among worst ever as Trump tariffs spark sell

Trump’s tariff plan will ‘level the playing field for American workers,’ the treasury secretary said Thursday as the stock markets slide

Politics

18 h. ago GM will dramatically increase car production in US after Trump tariffs

An American carmaker is set to increase production at its Indiana plant. The move comes one day after President Donald Trump slapped 25 percent tariffs on auto imports.

Politics

19 h. ago Global markets in turmoil as Trump tariffs wipe $2tn off Wall Street

Economists say levies of 10-50% have dramatically added to the risk of a worldwide downturnGlobal financial markets have been plunged into turmoil as Donald Trump’s escalating trade war knocked trillions of dollars off the value of the world’s biggest companies and heightened fears of a US recession.As world leaders reacted to the US president’s “liberation day” tariff policies demolishing the international trading order, about $2tn (£1.5tn) was wiped off Wall Street and share prices in other financial centres across the globe. Continue reading...

Economics