56 h. ago Trump says China tariffs will drop ‘substantially – but it won’t be zero’

US president says tariffs on imported goods will come down from 145% rate but insists ‘we’re doing fine with China’Donald Trump said during a White House news conference that high tariffs on goods from China will “come down substantially, but it won’t be zero”.Trump’s remarks were in response to earlier comments on Tuesday by treasury secretary Scott Bessent, who said that the high tariffs were unsustainable and that he expects a “de-escalation” in the trade war between the world’s two largest economies. Continue reading...

Politics

6 d. ago Why do Trump voters have no regrets? Because the people they hate are getting hurt more | Arwa Mahdawi

Even amid political chaos and rising prices, what matters most to his supporters is a macabre form of payback and vengeanceThe stock market is plunging, prices are rising, federal workers are getting laid off, students are being snatched off the street by immigration agents. The US is many things at the moment, but stable is not one of them. So, amid all this turmoil, how are all the Donald Trump voters feeling? Has buyer’s remorse set in? Are they starting to wonder whether voting in a convicted felon as president – a man who has declared bankruptcy six times – might not have been the wisest move?Not according to the polls. Rather, the US appears to be a nation of Édith Piafs: they regret rien. I’m not saying that disillusioned Republicans don’t exist; do enough digging and you can certainly find a few. And journalists have been doing a lot of digging. During Trump’s first term, there was a steady stream of media pieces profiling the regretful Trump voter. The genre has remained po...

Politics

9 d. ago Nvidia expects to take $5.5bn hit as US tightens AI chip export rules to China

Shares plunge as firm says H20 chip, designed for Chinese market to comply with controls, will now need special licenceNvidia has said it expects a $5.5bn (£4.1bn) hit after Donald Trump’s administration barred the chip designer from selling crucial artificial intelligence chips in China, sending shares in one of the US’s most valuable companies plunging in after-hours trading.The company said in an official filing late on Tuesday that its H20 AI chip, which was designed specifically for the Chinese market to comply with export controls, would now require a special licence to sell there for the “indefinite future”. Continue reading...

Events

9 d. ago Donald Trump's top advisor insists Vladimir Putin wants 'permanent peace' in Ukraine

Donald Trump's special envoy Steve Witkoff has said that "we might be on the verge of something that would be very, very important" after trying to negotiate an end to war in Ukraine with Vladimir Putin

Politics

1 week ago Donald Trump insists there will be NO tariff exemptions in dramatic policy reversal

President Donald Trump took to Truth Social to clarify that China - which is embroiled in an escalating trade war with the US - will not be exempt from tariffs on electronics and semiconductors

Events

1 week ago Donald Trump insists on NO exemptions in tariff policy for electronics

The US President declared that there would be no exemptions from the tariffs on Sunday evening, after an initial notice on Friday raised hopes that electronic gadgets from China would be spared

Politics

1 week ago Donald Trump insists there will be NO tariff exemptions in dramatic u

Just days after economic experts saw a glimmer of hope among Donald Trump's raft of tariffs with a potential exemption on electronic goods, the US President has now clarified this is not the case

Politics

1 week ago UK and G7 allies look at lowering ‘meaningless’ cap on Russian oil exports

Limit of $100 a barrel said to be ineffective with the price of crude having crashed in response to Trump’s trade warThe UK and its G7 allies are considering tightening the “meaningless” cap on Russian oil export prices after Donald Trump’s trade war caused global oil markets to crash.UK Treasury officials are understood to be looking at plans to lower the $60 (£46) a barrel cap Russianexports after the oil market plunged this week to $59.77 a barrel for the first time in more than four years. Continue reading...

Politics

1 week ago China’s exporters defy US ‘paper tiger’ as Beijing invokes Mao

Stoic defiance in ‘trinket town’ echoes Beijing’s insistence that nation can prevail against Donald Trump’s tariff blitz

Politics

1 week ago Voices: Magaland is having its faith tested – maybe St Donald is only human after all

Everyday Americans who voted for Trump to make them rich have had a rude awakening from his market-plunging tariffs, says Jon Sopel

Politics

2 w. ago Trump's massive 104% tariff sparks 'bullying' response from China as market plunges

Donald Trump has declared a trade war on the rest of the world after his latest round of tariffs went into full effect at midnight. China has now been slapped with an eye-watering 104%

Politics

2 w. ago Donald Trump insists 'China wants deal badly and it will happen' in social media rant

Donald Trump has posted about China after Beijing threatened to fight the president's recent Liberation Day tariffs of 34% against the nation with reciprocal measures

Politics

2 w. ago Donald Trump warns 'don't be weak and stupid' as tariffs send stock markets into freefall

Donald Trump remained defiant on Monday despite plunging markets as he insisted his tariffs are necessary to rebalance global trade and rebuild domestic manufacturing

Events

2 w. ago Crypto meltdown as $250BILLION is wiped off market value with Bitcoin plunging to five month low after Trump tariffs triggered global financial 'bloodbath'

Bitcoin's value had fallen to a five-month low of $76,884.04 on Monday morning, down 7.2 per cent in the last day and 5.3 per cent in the last seven.

Economics

2 w. ago Ted Cruz warns of midterm ‘bloodbath’ if Trump tariffs cause a recession

Texas senator’s comments another sign of Republican unease over ‘reciprocal tariffs’ and stock market plungeTed Cruz, the US senator from Texas, has warned that his fellow Republicans risk a “bloodbath” in the 2026 midterm elections if Donald Trump’s “liberation day” tariffs cause a recession.Cruz also warned that the president’s tariffs, if they stay in place for long and are met by global retaliation on American goods, could trigger a full-blown trade war that “would destroy jobs here at home, and do real damage to the US economy”. Continue reading...

Events

2 w. ago Another Republican edges away from Trump: Senator Kennedy sounds alarm on plunging market

Kennedy joins a small but growing group of Republican lawmakers getting restless over Trump levies and the market meltdown

Politics

3 w. ago Donald Trump's rosy assessment of tariffs despite causing stock market chaos

Donald Trump spoke to reporters hours after plunging the stock market into havoc - sparking fears of a recession - with his raft of tariffs, including the 10% on the UK

Politics

3 w. ago US stock market plunges as Trump tariffs wipe £1.5 trillion off Wall Street

Trump slapped a 10% tariff on most US imports and much higher levies on dozens of other countries

Economics

3 w. ago Donald Trump insists US 'going to boom' from tariffs despite stock market plunge

US President Donald Trump revealed a raft of tariffs on Wednesday causing stock markets to plunge but he remains confident saying: "I think it's going very well"

Politics

3 w. ago Trump live updates: President says tariffs rollout ‘going very well’ despite plunging stock market

President Trump says he will impose blanket tariffs on all countries, hitting China and Europe hardest

Politics