1 hour ago Trump tariffs live: Jaguar Land Rover pauses shipments to US as 10% tariff kicks in for UK

Donald Trump admits tariffs plan ‘won’t be easy’ but calls on Americans to ‘hang tough’

Politics

18 h. ago Stock market closes week in bloodbath as Trump’s tariffs cause historic two

Friday’s stock market comes after a historically bad day as investors react to Trump’s tariff plan

Politics

19 h. ago Dow Jones has lost 2,000 points on Friday as stock bloodbath continues in wake of Trump’s tariffs

Friday’s stock market comes after a historically bad day as investors react to Trump’s tariff plan

Politics

22 h. ago Klarna pauses $15bn New York IPO plans in wake of Trump tariffs

Swedish ‘buy now, pay later’ fintech was set to launch its so-called IPO roadshow to investors next week

Economics

22 h. ago Companies pause US offering plans as Trump tariffs tank markets

IPO market had begun to show some signs of life but levies forced groups hoping to go public to hold off

Politics

24 h. ago Stock markets continue to fall as fears over Trump’s trade war dragging down the economy fuel sell

Friday’s stock market comes after a historically bad day as investors react to Trump’s tariff plan

Politics

24 h. ago ‘Scary times’: New York shopkeepers plan ‘astronomical’ price hikes under Trump tariffs

Small businesses that import goods brace for steep price increases that they have to pass on to their customersIt’s just two days since Donald Trump launched his extraordinary tariff assault on the world in a bid to rebuild the US economy and roll back an era of globalization. But already shopkeepers are bracing for recession, and their customers spending less, as they prepare to increase prices.“We’re going to have to put our prices up and people aren’t going to like it,” said Ian Anderson, store manager at Tea and Sympathy, a UK grocery store, restaurant and fish-and-chip shop stalwart in Manhattan’s West Village. Continue reading...

Economics

26 h. ago Stock markets expected to continue plunge as investors fear impact of Trump’s tariffs and China’s response

Friday’s stock market comes after a historically bad day as investors react to Trump’s tariff plan

Economics

27 h. ago ‘Everyone is affected’: UK town with Jaguar Land Rover plant reacts to Trump’s tariffs

In Solihull, where the factory employs 9,000 workers, there are fears for an ailing industry and wider communityFrom mountainsides to deserts, or even just to get around town, Land Rovers are used the world over. For a time however, many of the sturdy vehicles’ distinctive oval plates were branded with the name of a West Midlands town.“It’s an icon for Solihull and it was synonymous with Britain,” said Robert Mills, 70. The town is home to the 121-hectare (300-acre) Jaguar Land Rover car plant, which employs more than 9,000 people and is one of the last bastions of the UK’s waning automotive industry. Continue reading...

Politics

27 h. ago How investors can protect against tariff turbulence... and even profit from the storm

Ahead of Isa deadline day, the mood is apprehensive following Donald Trump's unveiling of his tariff plan, which has shrunk the value of many stocks and shares Isas.

Economics

42 h. ago Dow and NASDAQ see historically bad day with plunges among worst ever as Trump tariffs spark sell

Trump’s tariff plan will ‘level the playing field for American workers,’ the treasury secretary said Thursday as the stock markets slide

Politics

44 h. ago Trump finally goes all in on tariffs. Free traders on the right and left are furious

ANALYSIS: The immediate anger and fallout from Trump’s tariff plan illustrates how a poor U.S. economy could politically isolate the president, writes John Bowden

Politics

46 h. ago Labour tries to seem in control while The Donald unleashes chaos on the world | John Crace

Underneath the measured words you could almost smell the panic as the government scrambled to come up with a plan to respond to Trump’s tariffsWith characteristic humility and good grace Hardly.Shortly after 9pm UK time on Wednesday, the Sun-Bed King made his way to the White House Rose Garden, looking every bit the dishonest bookie as he held up a board with every country’s separate tariff. He might as well have been signposting the odds on a global recession. Continue reading...

Events

49 h. ago Trump’s ‘idiotic’ and flawed tariff calculations stun economists

‘Willing sycophants’ came up with simplistic formula that has thrown global economy into disarrayUS politics live – latest updatesUK politics live –latest updatesEurope live – latest updatesWaving a big chart as a prop in the White House Rose Garden, Donald Trump suggested his new tariff plan was simple: “Reciprocal – that means they do it to us, and we do it to them. Very simple. Can’t get simpler than that.”Perhaps a bit too simple. The method used to calculate the most important numbers in international trade, politics and economics has left some of the world’s leading experts shocked.Goods trade deficit: $291.9bnTotal goods imports: $438.9bnThose figures divided = 0.67, or 67%And halved = 34%Reciprocal tariffs are calculated as the tariff rate necessary to balance bilateral trade deficits between the US and each of our trading partners. This calculation assumes that persistent trade deficits are due to a combination of tariff and non-tariff factors that prevent trade from balanc...

Politics

55 h. ago Trump ‘acted for his country’ with tariff plans, Starmer says

Prime minister vowed to keep ‘a cool head’ in a sign he won’t retaliate against US president’s tariffs

Politics

63 h. ago Trump goes full gameshow host to push his tariff plan – and nobody’s a winner

There were charts and scores, as if The Price Is Right had come to Washington. The big prize? A global trade warIt was Jeopardy!, or The Price Is Right, come to Washington.On an unseasonably chilly day in the White House Rose Garden, Donald Trump stood with a giant chart listing which reciprocal tariffs he would impose on China, the European Union, the United Kingdom and other hapless contestants. Continue reading...

Politics

64 h. ago The Latest: Business leaders warn Trump tariffs will raise prices for US consumers

President Donald Trump has announced plans for sweeping tariffs

Events

66 h. ago Trump confirms 25% levy on all foreign automakers and vows to impose ‘reciprocal’ tariffs worldwide – live

US president says new tariffs will become effective at midnight ETDonald Trump’s planned tariffs will be negative across the world, with the damage depending on how far they go, how long they last and whether they lead to successful negotiations, the European Central Bank head, Christine Lagarde, said on Wednesday.The Trump administration on Wednesday is set to announce “reciprocal tariffs” targeting nations that have duties on US goods. That move would come after it slapped new import levies on products from Mexico, China and Canada – the top US trading partners – as well as on goods including steel and autos.Wisconsin beat the billionaire.Wisconsin cannot be bought. Our democracy is not for sale. And when we fight, we win. Congratulations, @CrawfordForWI Continue reading...

Politics

67 h. ago Trump ‘Liberation Day’ live news: Trump to announce reciprocal tariffs plan amid fears of escalating trade war

All eyes on President Trump as he prepares to reveal next phase of sweeping tariff agenda, as global markets fear escalating trade war

Politics

68 h. ago Trump hours away from unveiling global tariffs in possible shake

US president claims tariffs part of a ‘liberation day’ that could include levies for China, Brazil, India and the European UnionDonald Trump’s planned tariffs will be negative across the world, with the damage depending on how far they go, how long they last and whether they lead to successful negotiations, the European Central Bank head, Christine Lagarde, said on Wednesday.The Trump administration on Wednesday is set to announce “reciprocal tariffs” targeting nations that have duties on US goods. That move would come after it slapped new import levies on products from Mexico, China and Canada – the top US trading partners – as well as on goods including steel and autos.Wisconsin beat the billionaire.Wisconsin cannot be bought. Our democracy is not for sale. And when we fight, we win. Congratulations, @CrawfordForWI Continue reading...

Politics