7 h. ago 'I think it's going very well', says Trump as tariff announcement sparks biggest shares collapse since Covid with trillions of dollars wiped from US stock market

The US President claimed the markets and the country are going to 'boom' despite American stocks leading a worldwide selloff yesterday.

Politics

8 h. ago FTSE 100 hits lowest level since January as IMF warns Trump tariffs ‘a significant risk’ to global economy – business live

Kristolina Georgieva warns against retaliation to US levies while US president insists ‘markets will boom’ after sweeping tariff announcementGlobal markets in turmoil as Trump tariffs wipe $2.5tn off Wall StreetAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsNew Civil Liberties Alliance, a conservative legal group, has filed what it says is the first lawsuit seeking to block Donald Trump’s tariffs on Chinese imports, saying the US president overstepped his authority. Reuters reports:The lawsuit, filed in federal court in Florida, alleges that Trump lacked the legal authority to impose the sweeping tariffs unveiled on Wednesday as well as duties authorized on February 1 under the International Emergency Economic Powers Act.“By invoking emergency power to impose an across-the-board tariff on imports from China that the statute does not authorize, President Trump has misused that power, usurped Congress’s right to control tariffs, and upset the Constitution’s ...

Events

12 h. ago ‘We’re feeling good’: Vance insists market implosion could have been worse after shock Trump tariff announcement

‘We’re going to have a booming stock market for a long time because we’re reinvesting in the United States of America,’ vice president claims after market loses $3.1 trillion

Politics

13 h. ago Asian markets drop further as IMF warns Trump tariffs ‘a significant risk’ to global economy – business live

Kristolina Georgieva warns against retaliation to US levies while US president insists ‘markets will boom’ after sweeping tariff announcementFull report: Global markets in turmoil as Trump tariffs wipe $2.5tn off Wall StreetAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsSenior senators introduced new bipartisan legislation on Thursday seeking to claw back some of Congress’s power over tariffs after Donald Trump unveiled sweeping new import taxes and rattled the global economy with sweeping new import taxes.The Trade Review Act of 2025, co-sponsored by Senator Chuck Grassley, a top Republican lawmaker from Iowa, a state heavily reliant on farm exports, and Senator Maria Cantwell, a Democrat from Washington, whose state shares a border with Canada, would require the president to notify Congress of new tariffs, and provide a justification for the action and an analysis on the potential impact on US businesses and consumers. Continue reading...

Events

17 h. ago Sweeping Trump tariffs shock global economy, drawing threats and calls for talks

Tariff hikes announced by U.S. President Donald Trump have provoked dismay, threats of countermeasures and calls for further negotiations to make trade rules fairer

Events

20 h. ago Trump gives stunning response to Wall Street bloodbath caused by his tariffs

Stock markets plunged Thursday after President Donald Trump's historic tariff announcement, sparking fears of a US  and global recession. 

Politics

25 h. ago Wall Street is rocked as major stocks immediately plummet at open... with TRILLIONS wiped off economy and 401(K)s

Stock markets plunged Thursday after President Donald Trump's historic tariff announcement, sparking fears of a US  and global recession. 

Politics

27 h. ago Stock markets ready to react to Trump’s tariff announcement after fears stoke overnight drop

The U.S. stock markets are expected to dip one day after Trump promised to ‘make America wealthy again’ with new across-the-board tariffs

Politics

31 h. ago Donald Trump tariffs trigger stock market meltdown as more than £24billion wiped off FTSE 100

Financial markets have been spooked by US President Donald Trump's announcement of a blanket 10% tariff on all imports to the States, and higher levies for many countries, and fears of a trade war and the risk of recession

Economics

31 h. ago Trump tariff announcements ‘deeply regrettable’, NI Economy Minister says

Caoimhe Archibald said she had already engaged with representatives of the UK and Irish governments on the issue.

Politics

31 h. ago China’s furious reaction to Trump’s tariff announcement – but not for the reason you think

In the wake of US President Donald Trump's "Liberation Day" announcement on tariffs placed on every nation in the world, China has reacted to fury on taxes placed on another nation

Politics

32 h. ago Six Donald Trump bombshells after tariff announcement and what it means for us

Donal Trump placed the highest tariff rates on the US' worst trading partners who he claimed "pillaged" the country.

Politics

32 h. ago Tense Sky News grilling as UK minister admits Donald Trump 'won't get own way' on everything

Business Secretary Jonathan Reynolds said Donald Trump's bombshell announcement of a 10% US tariff on all British imports are a 'disappointment' and 'a challenge'

Politics

32 h. ago Donald Trump tariffs: How they could impact your mortgage and interest rates in UK

US President Donald Trump has already announced a 25% tariff on all cars imported to the US, as well as import taxes on steel and aluminium, but how will tariffs impact the UK?

Politics

34 h. ago Everything we know about Donald Trump's tariffs and how they will impact the UK

President Trump announced a ‘minimum baseline tariff’ of 10 per cent on countries to ‘help rebuild the US economy

Politics

35 h. ago EU threatens countermeasures and Asian markets plunge after Trump tariff announcement – business live

Ursula von der Leyen says tariffs a ‘major blow’ to world economy after US President Trump targets allies on what he dubbed ‘liberation day’Full report: Trump announces sweeping new tariffs, upending decades of US trade policyAnalysis: Trump’s wall of tariffs is likely to raise prices and cause chaos for businessThe new US tariffs “will only create losers” with US consumers particularly hard hit, the German Automotive Industry Association (VDA), has said in a statement, calling on the EU “to act together and with the necessary force, while continuing to signal its willingness to negotiate.”The body, which represents the powerful German auto industry, said the tariffs markedthe United States’ departure from the rules-based global trade order – and thus a departure from the foundation for global value creation and corresponding growth and prosperity in many regions of the world.This is not America first; this is America alone. Continue reading...

Economics

35 h. ago Critics mock Trump tariffs on 'penguins' living on uninhabited Antarctic Islands

Critics of President Donald Trump's unprecedented tariff announcement on Wednesday ridiculed the White House for including the Heard and McDonald Islands on its list of reciprocal tariffs.

Politics

39 h. ago Stock market today: Asian markets slip following Trump's announcements of big tariff hikes

Asian markets and U.S. futures have tumbled following U.S. President Donald Trump's announcement of big increases in tariffs on imports of goods from around the world

Politics

39 h. ago Asian markets plunge as world reels from Trump tariff announcement – business live

US president has announced aggressive tariffs targeting US allies on what he has dubbed ‘liberation day’Full report: Trump announces sweeping new tariffs, upending decades of US trade policyAnalysis: Trump’s wall of tariffs is likely to raise prices and cause chaos for businessUS futures have fallen sharply, with the Dow Jones dropping 2.4% at around 2345 GMT, the Nasdaq index plunging 4.2%, and the broader futures index for the S&P 500 falling 3.5%. AFP reports:Wall Street has largely suffered from Trump’s various trade announcements in recent weeks.“The silver lining for investors could be that this is only a starting point for negotiations with other countries and ultimately tariff rates will come down across the board,” Northlight Asset Management’s Chris Zaccarelli wrote in a note to clients. Continue reading...

Economics

42 h. ago Everything we know about Trump's tariffs and how they will impact the UK

President Trump announced a "minimum baseline tariff" of 10 per cent on countries to "help rebuild" the US economy

Politics