22 h. ago As Trump's tariffs trigger market meltdown, leading bank warns there is now a 60 per cent chance of a global recession

As the market meltdown triggered by Donald Trump's trade war accelerated, the FTSE 100 suffered its sharpest drop since the outbreak of the pandemic.

Economics

27 h. ago China hits back hard at ‘bullying’ Trump tariffs as global recession fears grow

Beijing imposes punitive 34% extra tariffs on all goods imported from US, exacerbating stock market sell-offBusiness live – latest updatesUS politics live – latest updatesChina has hit back hard against Donald Trump’s “bullying” tariffs, raising fears that the escalating trade war could trigger a global recession and prompting fresh turmoil in financial markets.Beijing retaliated on Friday with punitive 34% additional tariffs on all goods imported from the US – mirroring the US decision and exacerbating a sell-off on global stock markets. Continue reading...

Politics

27 h. ago Keir Starmer to mount diplomatic blitz as Donald Trump's tariff war triggers meltdown

The global economy has been rocked by Donald Trump slapping tariffs on countries around the world - with the UK FTSE 100 suffering its worst day of trading since Covid

Politics

27 h. ago Keir Starmer to mount diplomatic blitz as Donald Trump's tariff war triggers mayhem

The global economy has been rocked by Donald Trump slapping tariffs on countries around the world - with the UK FTSE 100 suffering its worst day of trading since Covid

Politics

28 h. ago FTSE suffers biggest daily drop since early in the pandemic as Wall Street slides again – business live

Global trade war escalates as Beijing hits back against Donald Trump with new tariffs on US goodsChina retaliates to Trump’s ‘bullying practice’ with 34% tariffs on US importsIMF warns of ‘significant risk’ to global economy from Trump tariffs as markets slideAnalysis: 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 ...

Economics

28 h. ago FTSE 100 suffers worst day in FIVE YEARS as global markets go into meltdown over Donald Trump's trade war

Wall Street opened sharply lower as fears of a global recession mounted in the wake of the US President's extraordinary assault on allies and foes alike.

Politics

30 h. ago US markets tumble further as global meltdown continues over Donald Trump's trade war

Wall Street opened sharply lower as fears of a global recession mounted in the wake of the US President's extraordinary assault on allies and foes alike.

Politics

32 h. ago Tell us: have your pension savings been affected by turbulent stockmarkets?

We’re interested to hear how people’s invested pension savings have been faring amid sharp ups and downs in recent months and years, and how this may affect themUS president Donald Trump’s trade war, political elections and societal shifts ushering in dramatic change and dire public finances in multiple countries, the war in Ukraine and the Covid pandemic have been creating tumultous conditions on international markets for the past few years.We’d like to hear how people’s invested pension savings have been affected by this series of economic shocks. Has your invested portfolio sustained big losses, or have you enjoyed staggering stockmarket gains? How may you and your plans be affected by it all? Tell us. Continue reading...

Economics

33 h. ago Stock markets plunge as China announces retaliatory 34% tariffs on US goods – business live

Global trade war escalate as Beijing hits back against Donald Trump with new tariffs on US goodsIMF warns of ‘significant risk’ to global economy from Trump tariffs as markets slideGlobal 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 contro...

Economics

37 h. ago How Donald Trump's tariffs and a trade war will hit British business and YOU

We explain what the tariffs mean, what the impact could be on British businesses and consumers and what they mean for you.

Events

38 h. ago Finance guru Bill Ackman's stern advice to world leaders reeling from Trump's tariffs amid fears of trade war

Finance guru Bill Ackman offered some stern advice to world leaders reeling from US President Donald Trump's tariffs amid fears of a global trade war.

Politics

46 h. ago How Donald Trump's tariffs and a trade war will hit YOU... and echo around the world as map shows Britain's business links with the US

The US President announced that all imports into the US will be subject to a minimum tariff of 10 per cent.

Events

48 h. ago Global markets in turmoil as Trump tariffs wipe $2.5tn off Wall Street

Economists say levies of between 10% and 50% have dramatically added to the risk of a worldwide downturnGlobal financial markets have been plunged into turmoil as Donald Trump’s escalating trade war knocked trillions of dollars off the value of the world’s biggest companies and heightened fears of a US recession.As world leaders reacted to the US president’s “liberation day” tariff policies demolishing the international trading order, about $2.5tn (£1.9tn) was wiped off Wall Street and share prices in other financial centres across the globe. Continue reading...

Economics

50 h. ago Global markets in turmoil as Trump tariffs wipe $2tn off Wall Street

Economists say levies of 10-50% have dramatically added to the risk of a worldwide downturnGlobal financial markets have been plunged into turmoil as Donald Trump’s escalating trade war knocked trillions of dollars off the value of the world’s biggest companies and heightened fears of a US recession.As world leaders reacted to the US president’s “liberation day” tariff policies demolishing the international trading order, about $2tn (£1.5tn) was wiped off Wall Street and share prices in other financial centres across the globe. Continue reading...

Economics

53 h. ago US committed as ever to Nato and Trump is not against the alliance, says Rubio

Washington wants to see European countries increase defence spending to five per cent, the US secretary of state said

Politics

54 h. ago Donald Trump's 'politically toxic' demands to UK in global trade war revealed as experts speak out

If Sir Keir Starmer was to increase the amount of American food and other products on the shelves of British shops and supermarkets, it would be "politically toxic" and hugely unpopular here in the UK

Politics

57 h. ago Trump's weirdest tariffs as he declares war on uninhabited islands, cheap tat and penguins

Donald Trump has declared economic war on lands around the world, including remote subantarctic islands where humans haven't been for 10 years and only penguins call home

Politics

60 h. ago FTSE 100 Live 03 April: Stocks and dollar weaken on tariffs shock, Currys shares bounce

Stock markets have tumbled as shocked investors react to the “Liberation Day” tariffs unveiled by President Trump at the White House last night.

Events

60 h. ago Donald Trump declares trade war as expert reveals 'only' way UK

Keir Starmer warned an "economic impact" will be felt across the country following Donald Trump's tariff war, as an expert believes the UK remains "adrift" and "searching for relevance"

Politics

61 h. ago Stock markets tumble around the world on fears of brutal global trade war

Stock market tumbles in London but European bourses suffer bigger falls

Events