22 h. ago China sends back Boeing jet worth $55m as Trump tariffs continue to hurt trade

Beijing cautions third countries against making trade concessions to US at its expense

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23 h. ago China sends back Boeing jet as Trump tariffs escalate trade war with US

Beijing cautions third countries against making trade concessions to US at its expense

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4 d. ago Donald Trump ‘expecting to make second state visit to UK in September’

US president and first lady received invitation in February from King Charles for unprecedented repeat tripDonald Trump has said he is expecting to travel to to the UK in September for his second state visit.King Charles is preparing to host the US president and first lady as the UK government tries to bolster transatlantic ties after Trump imposed a series of tariffs on trading partners. Continue reading...

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4 d. ago Trump says Fed chair would resign if asked and condemns him over interest rates

President, whose tariffs has caused turmoil, said Jerome Powell is ‘always too late and wrong’ with rate policyDonald Trump early on Thursday condemned the Federal Reserve chair, Jerome Powell, for not lowering US interest rates, and expressed a wish for him to be gone from his role.The US president lambasted Powell as “always too late and wrong” in a post on his Truth Social platform. Trump noted that the European Central Bank (ECB) was poised on Thursday to lower interest rates again, without mentioning that the body has been responding to the chaos caused by Trump’s initiatives on tariffs. Continue reading...

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4 d. ago Trump attacks Fed chair over interest rates and says his termination ‘cannot come fast enough’

President, whose tariff policy has caused turmoil, said Jerome Powell is ‘always too late and wrong’ with rate policyBusiness live – latest updatesDonald Trump early on Thursday blasted the Federal Reserve chairman, Jerome Powell, for not lowering US interest rates and expressed a wish for him to be gone from his role.The US president lambasted Powell as “always too late and wrong” in a post on his Truth Social platform. Trump noted that the European Central Bank (ECB) was poised on Thursday to lower interest rates again, without mentioning that the body has been responding to the chaos caused by Trump’s initiatives on tariffs. Continue reading...

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5 d. ago UK inflation falls to 2.6%, increasing pressure on Bank to cut interest rates

March annual rate comes before expected rise because of household bills going up this monthBusiness live – latest updatesUK inflation dropped to 2.6% in March, increasing the pressure on Bank of England policymakers to cut interest rates next month.Prices growth was weak ahead of an expected rise in April as households begin to pay higher council tax and utility bills, as well as an uncertain outlook posed by Donald Trump’s tariff war. Continue reading...

Economics

7 d. ago Trump's erratic tariff decisions raise concerns about his mental stability

As Donald Trump's recent tariffs continue to rock the financial markets, concerns have been raised about the US President's 'irrational' behaviour with some even dubbing him 'insane'

Politics

8 d. ago WW3 fears grow as Trump's tariffs spark China feud – how would you cope with war?

World War Three feels closer than ever, with the war between Russia and Ukraine continuing, Trump's tariffs sparking new tensions with China and Iran developing nuclear tech

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8 d. ago Global supply chains under pressure as Trump tariff uncertainties continue

Companies face rising freight costs, disrupted logistics and congested ports as trade networks reel from Trump’s policiesThe container ship was halfway across the Atlantic when Donald Trump levied tariffs on steel and aluminium imports to the US from most countries during his first term in office.At the stroke of a pen on a US presidential executive order, about £100,000 was added to the cost of one of the shipments on board, from UK advanced materials manufacturer Goodfellow, destined for a US customer. Continue reading...

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9 d. ago Trump rolls back some more tariffs as his ‘Liberation Day’ plans continue to face scrutiny: Live updates

Electronics exemption to Trump’s tariffs are boost for high-tech companies like Apple and Tesla, as well as China, which still remains under 145 percent levy

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1 week 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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1 week ago Prada buys Versace in €1.25bn deal uniting Italy’s biggest fashion brands

Prada has secured Versace at a €180m discount amid market turmoil and after months of speculationPrada has agreed to buy the Versace fashion brand for €1.25bn ($1.38bn) from the fashion conglomerate Capri Holdings.It comes after months of speculation about a potential deal to combine the two Italian fashion houses and, more recently, rumours that the acquisition was set to collapse after market upheaval in response to President Trump’s tariff policies. Continue reading...

Economics

1 week ago Prada’s €1.25bn Versace takeover: a new era for Italian luxury

Prada has secured Versace at a €200m discount amid market turmoil, uniting two Italian fashion powerhousesPrada has agreed to buy the Versace fashion brand for €1.25bn ($1.38bn) from the fashion conglomerate Capri Holdings.It comes after months of speculation about a potential deal to combine the two Italian fashion houses and, more recently, rumours that the acquisition was set to collapse after market upheaval in response to President Trump’s tariff policies. Continue reading...

Politics

1 week ago Trump pauses US tariffs as British Steel crunch talks continue and Universal theme park brings 'jobs and joy'

Watch the business stories making the headlines today in under two minutes.

Politics

1 week ago UK will continue negotiations ‘coolly and calmly’ as Trump pauses some tariffs

The US president will raise the tariff on Chinese imports to 125%.

Politics

1 week ago Jamie Dimon reveals what Trump must do NOW... as China trade war sparks economic Armageddon

JPMorgan Chase CEO Jamie Dimon has offered hope on the morning Trump's sweeping tariff kick in and stocks continue to tumble.

Politics

1 week ago Ireland’s deputy PM to meet US secretary of commerce as EU finalises first part of response to Trump’s tariffs – Europe live

Simon Harris to meet Howard Lutnick as EU member states vote on final list of €21bn of goods facing retaliatory tariffsUS president Donald Trump continues to rewrite the rules of global trade, as his sweeping tariffs take effect.Rates on imports to the United States from dozens of economies rose further from 12.01am (0401 GMT) on Wednesday, with tariffs imposed on Chinese products since Trump returned to the White House reaching a staggering 104%. The new tariffs include rates of 20% on the European Union, 26% on India and 49% on Cambodia. Continue reading...

Politics

1 week ago Trump trade chief says US 'running up the score' on Australia as senator slams tariff – video

During a US Senate finance committee hearing, senator from Virginia Mark Warner slams Donald Trump's 10% tariff on Australian imports, referencing the free trade agreement between the two countries and the US trade surplus with Australia. Warner labels the new tariff policy 'insulting' and 'ridiculous', calling Australia 'one of our strongest allies'. Trump's trade chief Jamieson Greer replies that 'we should be running up the score against Australia'► Subscribe to Guardian Australia on YouTubeDonald Trump flags ‘major tariff on pharmaceuticals’ as US senator criticises ‘whack’ on AustraliaAustralian stock market bounces back despite tariff threats after worst session in five yearsDonald Trump hits Australian exporters with 10% tariffs in ‘liberation day’ speech Continue reading...

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1 week ago Trump says tariff situation ‘is great’ for midterms as markets continue to tumble

As stock markets around the world continue to drop amid fears over his attempt to blow up the world’s trade system, Donald Trump says the massive import taxes he is imposing on Americans will bring about a massive victory for his Republican Party in next year’s midterm elections.

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2 w. ago Trump says US in direct talks with Iran over nuclear program as he holds Oval Office meeting with Netanyahu – US politics live

President says talks to continue on Saturday and adds he and Israeli president also discussed tariffs and Israel-Gaza warEU ministers are in Luxembourg to consider the European Union’s response to Trump’s sweeping tariff regime amid continuing market turmoil and heightened fears of a global economic recession.It comes after Trump doubled down on his tariff policy in comments aboard Air Force One overnight. He said Europe “has treated us very, very badly,” and “has taken our leaders for a ride”, and declined to hold talks on changing tariffs “unless they pay us a lot of money on a yearly basis”. He also repeated criticism of Europe for not spending a fair share on Nato. Continue reading...

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