3 d. ago How Trump tariff chaos will set iPhone costs soaring as expert weighs in on painful hike

EXCLUSIVE: Donald Trump's tariffs will impose increased costs on Chinese produced goods – but with most iPhones being constructed in China, experts warn UK customers could bear some extra costs

Politics

5 d. ago Nvidia boss visits China days after Donald Trump limits AI chip exports – business live

Live, rolling coverage of business, economics and financial markets as Chinese state media publishes photo of Jensen Huang visiting BeijingNvidia boss Jensen Huang has travelled to China for talks despite limits on the chip company’s sales imposed by the White House under Donald Trump.The visit of Huang, chief executive of one of the US’s most valuable companies, will be closely followed amid the vicious trade war between the US and China.The SFO remains committed to stamping out international bribery wherever it may occur.British companies have a duty to prevent the harm caused by bribery when doing business at home and abroad, to ensure that the UK remains a safe and fair place to do business. Continue reading...

Politics

8 d. ago China's exports jump 12.4% and imports fell as Trump pushed US tariffs higher

China has reported its exports jumped 12.4% in March from a year earlier as companies rushed to beat increases in U.S. tariffs imposed by U.S. President Donald Trump

Politics

8 d. ago Ukraine war briefing: Zelenskyy to Trump – come and see Putin’s war for yourself

Impose ceasefire on Russia, says France’s Macron, as leaders condemn deadly Palm Sunday strike on Sumy. What we know on day 1,146Volodymyr Zelenskyy, the Ukrainian president, has urged Donald Trump to visit Ukraine to “understand what Putin did”. In a CBS interview broadcast on Sunday, Zelenskyy said: “Please, before any kind of decisions, any kind of forms of negotiations, come to see people, civilians, warriors, hospitals, churches, children destroyed or dead.”Russia’s missile strike on Sunday on the Ukrainian city of Sumy showed the urgent need to impose a ceasefire on Russia, declared the French president, Emmanuel Macron. “Everyone knows it is Russia alone that wants this war. Today it is clear that Russia alone wants to continue with it, showing its scorn for human life, international law and diplomatic efforts made by President [Donald] Trump,” said Macron. “Strong measures are needed to impose a ceasefire on Russia. France is working tirelessly toward this goal, alongside it...

Politics

1 week ago UK government recalls Parliament for emergency legislation over saving British Steel

U.K. lawmakers are being recalled Saturday in order to back emergency legislation aimed at saving the last plant in the country that makes steel from raw materials, a move that has been widely called for since U.S. President Donald Trump imposed tariffs on imported steel

Politics

1 week ago Tesla stops taking orders in China for two models imported from US

Carmaker removes ‘order now’ buttons for Model S saloon and Model X SUV on its Chinese website amid tariffs warBusiness live – latest updatesTesla has stopped taking orders in China for two models it previously imported from the US, as companies scramble to adapt to prohibitive tariffs imposed in Donald Trump’s trade war.The manufacturer, run by Trump’s close ally Elon Musk, removed “order now” buttons on its Chinese website for its Model S saloon and Model X sports utility vehicle. Continue reading...

Politics

1 week ago Trump was playing chicken with tariffs. Then he chickened out | Steven Greenhouse

In a second term of fiat, flubbing and flip–flopping, Trump pursued his desire to wield a club over everyone and everythingBy imposing punitively high tariffs, Donald Trump was playing a high-stakes game of chicken with America’s trading partners – but it was Trump who chickened out and suspended his tariffs just hours after they took effect. The president couldn’t ignore the worldwide economic havoc that he had caused singled-handedly – stock markets were plunging, business executives were panicking and consumers were seething.Eager to persuade manufacturers to build new plants in the US, Trump said on Monday that many of his tariffs would be permanent. But for Trump, permanent evidently meant two days. Continue reading...

Politics

1 week ago Brazil to prioritize negotiation after US trade tariffs, official says

Brazil’s strategy to address extra tariffs imposed by President Donald Trump is to combine negotiations with the U.S. while it expands trade agreements with other countries, a top foreign trade official said Thursday

Politics

1 week ago China to restrict US film releases after Trump’s tariff hike

After the US president imposed 125% duties on Chinese imports, Beijing says it will restrict American films opening in its lucrative market Hours after Donald Trump imposed record 125% tariffs on Chinese products entering the US, China has announced it will further curb the number of US films allowed to screen in the country.“The wrong action of the US government to abuse tariffs on China will inevitably further reduce the domestic audience’s favourability towards American films,” the China Film Administration said in a statement on Thursday. “We will follow the market rules, respect the audience’s choice, and moderately reduce the number of American films imported.” Continue reading...

Politics

1 week ago I’ve seen many phoney trade wars come and go. This is the real thing | Larry Elliott

This battle between the US and China goes far beyond market turmoil – it has killed off the liberal dream of a borderless world Donald Trump’s decision to impose a 104% tariff on Chinese imports into the US – and China blasting back with 84% – has spooked the financial markets. The response is entirely rational. Over the past few decades, phoney trade wars have been commonplace. Rival nations have squared off against each other, indulged in a bit of sabre-rattling, but eventually agreed on a deal. Headlines that screamed “trade war looms” were quickly replaced by those that read “trade war averted”. This time it’s different. The battle between the US and China prompted by Trump’s tariffs is no pretend trade war. It is the real deal – and it will have real consequences. Tariffs operate as a tax, adding to the costs of doing business and raising prices for consumers. Growth will slow and inflation rates will rise. The global economy was already growing only slowly. As things stand, it...

Events

1 week ago Germany to send ‘clear signal’ of ‘strong, effective government’ under new coalition, says Friedrich Merz – Europe live

Presumed future chancellor says coalition has ‘strong plan’ after negotiations as polling shows popularity of far-right AfDEarlier today I brought you Donald Trump’s comments overnight on “major” tariffs to be announced “very shortly” on pharmaceuticals (9:20).My colleague Lisa O’Carroll looked at the risks such measures could pose for Europe:Pharmaceutical companies in the EU have warned of a “risk of exodus” to the US as stocks in the sector slid around the world on the back of Donald Trump’s renewed threat to impose tariffs on US drugs imports.Drugmakers’ shares across Europe and India, another foreign drugs hub, slipped on Wednesday after Trump indicated further carnage was on the way in addition to the 20% “reciprocal tariffs” on imports that kicked in overnight. Continue reading...

Politics

1 week ago China hits US imports with additional retaliatory tariff of 50%

Beijing to match new duties imposed by Donald Trump with effect from Thursday as trade war escalates

Events

1 week ago EU drug firms warn of exodus to US as Trump threatens import tariffs

Von der Leyen urged to take ‘rapid and radical action’ as president says tariffs on pharmaceuticals coming ‘shortly’The Irish villages under threat from Trump’s tariffsPharmaceutical companies in the EU have warned of a “risk of exodus” to the US as stocks in the sector slid around the world on the back of Donald Trump’s renewed threat to impose tariffs on US drugs imports.Drugmakers’ shares across Europe and India, another foreign drugs hub, slipped on Wednesday after Trump indicated further carnage was on the way in addition to the 20% “reciprocal tariffs” on imports that kicked in overnight. Continue reading...

Events

1 week ago EU drug companies warn of exodus to US as Trump threatens import tariffs

Von der Leyen urged to take ‘rapid and radical action’ as president says tariffs on pharmaceuticals coming ‘shortly’The Irish villages under threat from Trump’s tariffsPharmaceutical companies in the EU have warned of a “risk of exodus” to the US as stocks in the sector slid around the world on the back of Donald Trump’s renewed threat to impose tariffs on US drugs imports.Drugmakers’ shares across Europe and India, another foreign drugs hub, slipped on Wednesday after Trump indicated further carnage was on the way in addition to the 20% “reciprocal tariffs” on imports that kicked in overnight. Continue reading...

Events

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.

Politics

2 w. ago FTSE falls, tariffs rise: How the UK is responding to a global economic shock...The Standard Podcast

The FTSE 100 plunged to its lowest level in a year as markets reacted to sweeping new US tariffs, including a 25% charge on imported vehicles.

Economics

2 w. ago The five changes under Starmer’s relaxed electric vehicle targets

The ‘bold changes’ come after U.S. President Donald Trump imposed a 25 per cent tariff on all foreign car imports

Events

2 w. ago KEVIN MAGUIRE Now Trump is treating UK like Guatemala, it's time to rethink Brexit

The Mirror's Associate Editor and politics columnist Kevin Maguire says it's high time Keir Starmer took a second look at reversing Brexit after US President Donald Trump imposed his rogue tariffs

Politics

2 w. ago Trump Tariffs: Labour MP admits UK was ‘protected’ from large EU tariffs because of Brexit

Labour minister Darren Jones was asked whether Brexit had "protected us" from the 20 per cent tariff that Donald Trump imposed on EU countries.

Politics

2 w. ago It could set the industry back 50 years: fashion braces for impact of Trump tariffs

From farmers to designers, the entire supply chain will be hit – but it is unclear what duties apply to a finished productFirst it was steel producers. Then automobiles. Now the fashion industry has been left reeling from Donald Trump’s announcement on Wednesday that he was imposing tariffs on more than 180 countries including severe levies aimed at some of fashion’s biggest manufacturing regions.Trump’s “liberation day” tariffs included a 10% duty on all imports to the US but “worst offender” countries – those with whom America has bigger trade deficits – face a higher rate. Several of these are key to fashion’s supply chains. China, where everyone from Prada to Zara outsource production, faces a 54% duty. Vietnam, where more than half of Nike’s footwear was produced last year, will be subject to a 46% tariff. Pakistan, a key manufacturer of denim items, will be hit with a 29% duty. Bangladesh, where garment manufacturing makes up to 80% of its total exports, will be subjected to 3...

Politics