32 h. ago US consumer confidence rebounds after five straight months of declines due to tariff anxiety

Americans’ views of the economy improved in May after five straight months of declines sent consumer confidence to the lowest level since the onset of the COVID-19 pandemic, largely driven by anxiety over the impact of President Donald Trump’s tariffs

Politics

8 d. ago JPMorgan Jamie Dimon warns that the impacts of Trump’s ‘pretty extreme’ tariffs are still being underestimated

Wall Street boss suggests 10 percent stock market sell-off could be on the horizon

Events

9 d. ago Eurozone growth forecasts cut amid uncertainty over Trump trade war

Tariffs impact demands ‘considerable downgrade’, to 0.9% this year and 1.4% in 2026, says European CommissionBusiness live – latest updatesThe European Commission has cut its growth forecasts for the eurozone this year and next as a result of uncertainty caused by Donald Trump’s tariff wars.The commission said the impact of tariffs demanded a “considerable downgrade” to the expected growth this year of the 20-member eurozone to 0.9% from the previous forecast, made in November, of 1.3%. Continue reading...

Politics

1 week ago This pause in the trade war will be brief. Small businesses, plan accordingly

Trump’s animosity towards China isn’t going to disappear, and his past actions do not bode well for a quick resolutionDonald Trump’s massive Chinese tariffs are on pause. The media debated. Wall Street rejoiced. Many of my clients breathed a sigh of relief. Big retailers jumped for joy. But for how long?For starters, the tariffs that weren’t paused – a 10% levy on all Chinese goods, plus a bonus 20% tax that somehow relates to fentanyl, are still in place. When you take into consideration existing tariffs on steel from previous Trump and Biden administrations, the effective tariff rate on Chinese goods is actually closer to 40%, according to an analysis done by the Wall Street Journal. Continue reading...

Events

1 week ago US applications for jobless benefits hold firm as layoffs remain low despite tariff uncertainty

U.S. applications for jobless benefits held steady last week as layoffs remain low despite uncertainty over how President Donald Trump’s tariffs will impact the economy

Economics

2 w. ago White House backed down on China’s tariff after president was told they would hurt ‘Trump’s people’ the most

Several White House staffers had to warn the president that his tariffs would impact ‘Trump’s people.’

Politics

2 w. ago Bollywood fears huge impact of Trump’s tariffs on foreign films

US president wants to impose 100 per cent levy on all films made outside US

Politics

2 w. ago The Guardian view on the impact of Trump’s film tariffs: a disaster movie waiting to happen | Editorial

The US president’s proposed levies will badly hit the UK industry just as it is recovering from a series of blowsBarbieland, the Emerald City and a galaxy far, far away were all built – at least in part – at film studios just outside London. Now the UK film industry has come crashing down to earth with Donald Trump’s threat to impose 100% tariffs on all movies “produced in foreign lands”. “Hollywood is being destroyed,” Mr Trump announced, like an action hero on a mission. “Other nations have stolen our movie industry.” In the UK the news was met with warnings that the British film sector would be “wiped out” by such a “knock-out blow”. Brian Cox, the Succession star, called the proposed tariffs “an absolute disaster”. Roll the opening credits.Mr Trump has a point. New instalments of Marvel’s Avengers and Spider-Man are filming around London this summer. No wonder the president wants “MOVIES MADE IN AMERICA, AGAIN!” The UK’s generous tax incentives, skills base and state-of-the-art ...

Politics

2 w. ago Months of talks, then a late scramble: how the UK finally struck a US trade deal

Sir Keir Starmer welcomed agreement to blunt impact of Donald Trump’s tariffs

Economics

2 w. ago PM to make statement on US trade talks amid reports deal has been reached

The Government has been pursuing a deal with the US to reduce the impact of sweeping tariffs imposed by Donald Trump last month.

Economics

3 w. ago China chides US over ‘serious negative impact’ of Trump tariffs as trade talks set to begin

China’s vice-premier He Lifeng will meet US treasury secretary Scott Bessent in Switzerland between 9 and 12 MayChina has vowed to “safeguard international fairness and justice” in upcoming talks with the United States in Switzerland, the first meeting between the two countries to discuss trade war that has roiled the global economy since US president Donald Trump unveiled sweeping tariffs last month.China’s vice-premier He Lifeng will meet US treasury secretary Scott Bessent on the sidelines of meetings in Switzerland between 9 and 12 May. US trade representative Jamieson Greer will also attend. Continue reading...

Politics

3 w. ago Bank of England set to cut interest rates as US tariff impact hits UK economy

The Bank is trying to ease borrowing costs as economic growth is predicted to be slowed by the impact of Trump's tariffs

Economics

3 w. 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

3 w. 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

3 w. ago Bank of England poised to cut rates as fears grow over impact of Trump tariffs

Markets suggest quarter-point reduction to 4.25% is almost certain but some economists say Bank must go furtherThe Bank of England is poised to cut interest rates on Thursday amid growing concerns over the hit to UK jobs and growth from Donald Trump’s increasingly erratic global trade war.In the Bank’s first intervention since the US president’s “liberation day” tariff policy announcement sent shock waves through the world economy, Threadneedle Street is expected to reduce its key base rate from the current level of 4.5%. Continue reading...

Politics

3 w. 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

4 w. ago Trump to sign executive order on car tariffs as he marks 100 days in office – US politics live

US president expected to hail his policies as administration moves to less impact of auto tariffs100 days of Trump: interactive look at second term so farTrump has posted on Truth Social about the first 100 days of his second term, calling them “100 very special days”.100 VERY SPECIAL DAYS. MAKE AMERICA GREAT AGAIN!!!Danielle Alvarez of the RNC, and Paul Perez of Border Patrol, were GREAT on Fox & Friends (First). Thank you both! DJT Continue reading...

Politics

last month UK growth forecasts nearly HALVED for next year as hopes of US trade deal to avoid Trump's tariffs are thrown into doubt

The EY Item Club has slashed predictions for this year and next amid alarm at the impact of Donald Trump's tariffs.

Economics