35 h. ago FTSE 100 surges and global markets rise after Trump’s tech tariff reprieve

Investors welcomed a carve-out benefiting companies such as Apple, despite White House officials downplaying the significance of the exemptions.

Politics

35 h. ago ‘The sky won’t fall’: China plays down Trump tariff risks as stock markets rally

Chinese customs official says trade has diversified away from US in recent years and plays up its ‘vast domestic market’Business live – latest updatesChina has played down the risk of damage to its exports from Donald Trump’s tariffs, with an official saying the “the sky won’t fall”, as stock markets rose on Monday amid signs of a retreat on electronics restrictions.The world’s second-largest economy has diversified its trade away from the US in recent years, according to Lyu Daliang, a customs administration spokesperson, in comments reported by state-owned agency Xinhua. Continue reading...

Politics

36 h. ago Stock markets rise on signs of Trump tariff retreat; British Steel races to keep furnaces burning – business live

Chinese exports jump as official says ‘the sky won’t fall,’ despite warning from US officials that smartphone and laptop exemption from import tariffs on China will be short-livedMatt Britzman, senior equity analyst at Hargreaves Lansdown, said:Just when it seemed the tariff chaos couldn’t get any worse, tech investors have spent the weekend scrambling to make sense of a whirlwind of confusing - and at times contradictory - messages coming out of the White House. Despite the drama, European markets have taken an easing stance on US tech components as a positive in a broad-based rally this morning, with the FTSE 100 up 1.5% in early trading.This time, it’s chips, smartphones, and other tech components taking centre stage. While there were early signs on Friday night that some broad exemptions might be in play, it turns out tariffs are still very much on the table. But here’s the twist: despite the messy rollout, what’s caught investors’ attention is the news that these products won’t...

Economics

37 h. ago China says ‘sky won’t fall’ as exports surge ahead of Trump tariffs

Rush of shipments preceded escalation of trade war between world’s two biggest economies

Politics

37 h. ago China customs says ‘sky won’t fall’ as exports surge ahead of Trump tariffs

Rush of shipments preceded escalation of trade war between world’s two biggest economies

Politics

37 h. ago China says ‘sky won’t fall’ as exports surge ahead of Trump’s tariffs

Rush of shipments preceded escalation of trade war between world’s two biggest economies

Politics

3 d. ago Inside the vast stock buying surge 18 minutes before Trump's tariff U

Minutes before President Donald Trump's tariff pause, investors made strangely prudent financial moves. 

Politics

4 d. ago The power and pitfalls of protest: how to speak out without falling victim to Trump’s playbook | Jonathan Smucker

As mass protest surges against Trump and Musk, how can we show up as effectively as possible?On Saturday I was heartened to be one of millions of Americans who took to the streets in cities and towns across the United States to stand against “the most brazen power grab in modern history”. While no official total tally of “Hands Off!” participants is yet available, the anti-Donald Trump, anti-Elon Musk actions on Saturday were certainly among the largest single day protests in US history, with rallies in all 50 states.As we seem to be entering a new stage of popular protest movements, it’s worth assessing the strategic value of protest, as well as the limits and potential liabilities. History is full of powerful examples of consequential bottom-up protest movements. The women’s suffrage movement secured voting rights after decades of struggle. The civil rights movement dismantled Jim Crow segregation. The labor movement won the eight-hour workday, the weekend and much more. Protest w...

Events

4 d. ago Trump live updates: US stocks plunge day after historic surge in response to president’s 90

S&P 500 down five percent in midday trading, cutting into 9.5 percent surge that came on Wednesday after president paused many of his global tariffs

Politics

5 d. ago Shares surge and FTSE climbs 6% after Trump pauses tariffs amid financial global chaos

In a dramatic climbdown, the US President said a blizzard of 'reciprocal' tariffs on countries worldwide would be put on hold to allow time for trade talks.

Politics

5 d. ago FTSE opens up 6% as markets surge after Donald Trump blinks first and orders a 90

The sharp gains come after the US president announced he would be pausing tariffs on most countries, excluding China, for 90 days.

Politics

5 d. ago Shares surge after Trump pauses tariffs amid financial global chaos

In a dramatic climbdown, the US President said a blizzard of 'reciprocal' tariffs on countries worldwide would be put on hold to allow time for trade talks.

Politics

5 d. ago China’s new tariffs on US goods to come into effect as Trump pauses measures for other countries – business live

China’s 84% retaliatory tariffs on US goods, announced on Wednesday, are due to come into effect on ThursdayRead the latest full reportIn a stunning U-turn, Trump has reversed high tariffs on most nations – at least for 90 days. But the focus is now on China, the second-biggest provider of US imports, of which the pause does not apply.Instead, Trump has raised tariffs on China to 125%, while China has announced new tariffs of 84% on all US imports, further escalating a high-stakes confrontation between the world’s two largest economies.For President Xi, there is only one politically viable response to Trump’s latest threat: Bring it on! Having already surprised domestic audiences with a forceful 34% reciprocal tariff, any appearance of backing down would be politically untenable,” says Diana Choyleva, founder and chief economist at Enodo Economics, a forecasting firm.”Global markets surged after Trump announced his 90-day tariff pause. The S&P 500 surged 5.6%, while the Nasdaq h...

Politics

5 d. ago Dow surges nearly 3,000 points on news of Trump’s tariff pause: NASDAQ smashes its record for largest daily gain

The president announced this decision in a Truth Social post on Wednesday afternoon

Politics

6 d. ago US stocks surge as Trump pauses ‘reciprocal’ tariffs for 90 days

Most countries’ imports face a maximum 10% levy but Trump hits China harder

Politics

6 d. ago Wall Street plunges for 4th day as gains vanish and S&P dips below key level for first time in a year

Stocks are surging on Wall Street and around the world - offering a slight reprieve from the carnage of the past few days.

Politics

7 d. ago Wall Street stocks surge higher on rising hopes of tariff deals

Stocks are surging on Wall Street and around the world - offering a slight reprieve from the carnage of the past few days.

Economics

7 d. ago Musk reportedly made several pushes for Trump to back off global tariffs surge

Musk’s unsuccessful attempts may be sign of growing rift between US president and tech billionaireElon Musk made personal, repeated attempts to try to get Donald Trump to back off from the wave of global tariffs that have created turmoil in international markets, it was reported on Tuesday.Musk’s failure to get Trump to listen, however, is evidence to some observers of a growing rift between the US president and the world’s richest person, who has been leading the White House’s efforts to curb federal spending as head of the unofficial department of government efficiency (Doge). Continue reading...

Politics

1 week ago Pound rallies as Trump's tariffs hit the dollar: Sterling surges above $1.30 for the first time in six months

Sterling was up by 0.7 per cent this morning to $1.3097 after President Donald Trump slapped a 10 per cent tariff on US imports of UK goods and 25 per cent on all foreign cars.

Politics

3 w. ago Martin Brundle slams F1 Chinese Grand Prix decision that 'ruined race'

The Chinese Grand Prix was not a modern classic of a race with unusually low tyre degradation sapping the jeopardy out of what was set up to be a tense Shanghai contest

Sport