7 d. ago ‘It’s going to be messy’: Americans on how Trump’s tariffs are shaping their spending

Fallout from Trump’s trade war is forcing some Guardian readers to cut back or stock up on items from food to carsA few weeks ago, Dane began stocking up on “paper products”, “cases of paper towels, toilet paper”, “piddle-pads” for their shih-tzu, and his wife upgraded from an iPhone 8 to 14.The 73-year-old in South Carolina said the purchases – which were made to get ahead of Donald Trump’s trade policies – reminded him of the early weeks of the Covid pandemic, when he scrambled to buy masks, gloves and toilet paper. Continue reading...

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8 d. ago China raises US tariffs to 125% as Xi invites EU to team up against Trump ‘bullying’

Chinese leader canvasses Spain and other trading partners on how to tackle economic fallout as market turmoil continuesBusiness live – latest updatesWhy did ‘strongman’ Trump back down on tariffs? – podcastChina has raised its tariffs on US products to 125% in the latest salvo of the trade dispute with Washington, just hours after Xi Jinping said there were “no winners in a tariff war”.Xi made the comments during a meeting with the Spanish prime minister in which he invited the EU to work with China to resist “bullying”, part of an apparent campaign to shore up other trading partners. Continue reading...

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9 d. ago Australia rejects China’s call to ‘join hands’ amid Trump tariff fallout

Beijing urges Australia to ‘jointly resist’ the ‘hegemonic and bullying behaviour of the US’

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1 week ago US government debt sinks as pivotal $39bn Treasury auction looms

Investors contend with fallout as Donald Trump’s sweeping tariffs come into effect

Economics

1 week ago Trump calls tariff fallout a ‘war with the world’ and gloats over fellow leaders ‘kissing his a**’: Live

President’s reciprocal tariffs take effect on Wednesday, including 104% levy on Chinese goods

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1 week ago Trump calls tariff fallout a ‘war with the world’ and gloats over world leaders ‘kissing his a**’: Live

President’s reciprocal tariffs take effect on Wednesday, including 104% levy on Chinese goods

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1 week ago Cheaper mortgages could be a ‘silver lining’ in fallout from Trump tariffs

Experts said expectations that interest rates will fall have risen since Donald Trump’s tariffs announcement last Wednesday.

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1 week ago FTSE 100 rally: Cheaper mortgages may be ‘silver lining’ from Trump’s tariffs

“It is far too early to say whether the reduced market falls represent an inflection point, or whether they are simply a classic dead cat bounce”

Politics

1 week ago Donald Trump's tariffs could push up price of iPhones but lead to cheaper mortgages

The ongoing fall-out from President Trump's tariff bombshell has implications for everything from pensions to the price of gadgets

Economics

1 week ago Petrol car ban date confirmed by Keir Starmer amid Donald Trump tariff fallout

The Prime Minister backed the British car industry on Monday as he warned Donald Trump's tariffs will have a 'profound' impact on the global economy

Politics

1 week ago Starmer vows to back British business ‘to the hilt’ amid Trump tariff fallout

Sir Keir Starmer hinted at further announcements to come to support British firms

Politics

1 week ago Global stock market meltdown leaves Wall Street fearing repeat of 1987's Black Monday amid Trump tariff fallout

Fears are growing that Wall Street is about to see Black Monday 2 tomorrow - which would make last week's sell-off caused by President Donald Trump's tariffs look tiny. 

Politics

1 week ago Asian markets plunge further amid tariff fallout; Trump says ‘sometimes you have to take medicine’ – business live

Japan’s Nikkei 225 tumbles nearly 9% on Monday as Hong Kong’s Hang Seng down 8% and South Korea trading temporarily halted amid Trump tariff concernsHong Kong stocks have plummeted more than 9% at open, while Singapore stocks dropped over 7%, according to reports.Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of the widening global trade war and fears it will unleash a deep recession, Reuters says. Continue reading...

Economics

1 week ago Nikkei plunges as Asian markets brace for further tariff fallout; Trump says ‘sometimes you have to take medicine’ – business live

Japan’s stock index plummets almost 9% on Trump tariff concerns after almost $5tn was wiped off the value of global stock markets last weekUS Treasury yields fell on Monday and the two-year yield sank to a multi-year low as worries of a possible recession in the world’s largest economy grew and investors wagered that could see US rates cut as early as May.The two-year US Treasury yield, which typically reflects near-term rate expectations, tumbled more than 20 basis points to its lowest level since September 2022 at 3.4350%, as investors ramped up bets of more aggressive Federal Reserve easing this year, Reuters reports. Continue reading...

Economics

1 week ago Nikkei slumps as Asian markets brace for further tariff fallout; Trump says ‘sometimes you have to take medicine’ – business live

Japan’s Nikkei plunges more than 7% on Trump tariff concerns after almost $5tn was wiped off the value of global stock markets last weekJapan’s Nikkei index has plunged more than 7%, Agence France-Presse is reporting, after having it down down 3.6% and 5% a little earlier.The fall extends last week’s 9% drop – its steepest one-week percentage decline since March 2020. Continue reading...

Economics

1 week ago 'Black Monday 2' fears rise as stock futures sink sharply again as Trump tariff fallout escalates

Fears are growing that Wall Street is about to see Black Monday 2 tomorrow - which would make last week's sell-off caused by President Donald Trump's tariffs look tiny. 

Politics

1 week ago Starmer to relax green rules to boost UK car industry: PM will exempt work vans and supercars from 2030 ban on new petrol vehicles amid fallout from Donald Trump's tariff war

Sir Keir Starmer said he wanted to 'back British brilliance' as he confirmed yesterday that luxury manufacturers, like Bentley and McLaren, are set to be exempted from the 2030 ban.

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2 w. ago FTSE 100 suffers worst day of trading since pandemic in Trump tariffs fallout

Trading has been hammered in the aftermath of the US introducing more import taxes on countries around the world.

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2 w. ago What you MUST do to protect your pension from Trump's tariffs fallout: JEFF PRESTRIDGE

Not for the last time, President Trump has sent the world into a frenzy like one of those spinning tops we were given for Christmas as youngsters. Here's how you can protect your pension.

Politics

2 w. ago The far right has seemed unstoppable in Europe. Here’s how Trump’s tariffs could change that | Nathalie Tocci

With populist leaders on the back foot and EU support at its highest in years, the US trade war could be an opportunity for the unionDonald Trump has unleashed a trade war on the world, and Europe, considered by Washington to be among the “worst offenders”, is a major target. After hitting European steel, aluminium and cars, this week Trump announced sweeping 20% tariffs on almost all EU imports. Europeans have seen this coming for a long time. Well before his re-election, officials in Brussels were drawing up plans on how the EU might respond to Trump 2.0 and a possible transatlantic trade war.What might the political fallout in Europe be? The good news is that Trump’s trade war puts Trump-friendly far-right forces in Europe in a terribly uncomfortable position. It’s one thing for the European far right to support Trump in principle, or to support the administration’s tyranny over peoples it doesn’t care about, be it Ukrainians, Canadians, Mexicans or Palestinians. It’s quite anoth...

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