3 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

4 h. ago Britain did better than Europe in 'Liberation Day' tariffs because of Brexit, Labour told

Ministers were yesterday urged to thank the previous government for 'getting Brexit done', after Donald Trump levied tariffs on UK goods at only half the level imposed on the EU.

Politics

7 h. ago Trump’s tariff push is a race against time, and potential voter backlash

President Donald Trump’s expansive new tariff regime reverses a decades-long global trend of lower trade barriers that will likely raise prices for U.S. consumers and threatens to sharply slow the economy this year

Politics

9 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

9 h. ago Donald Trump's tariffs hit major brands including Nike and H&M

Major brands have been feeling the impact of Donald Trump's newly announced 'Liberation Day' tariffs, with Nike, Adidas and Puma among the big names to suffer huge losses already

Politics

9 h. ago US stock markets see worst day since Covid pandemic after investors shaken by Trump tariffs

All three major US index funds close down as Apple and Nvidia, two of US’s largest companies, lose combined $470bnUS stock markets tumbled on Thursday as investors parsed the sweeping change in global trading following Donald Trump’s announcement of a barrage of tariffs on the country’s trading partners.All three major US stock markets closed down in their worst day since June 2020, during the Covid pandemic. The tech-heavy Nasdaq fell 6%, while the S&P 500 and the Dow dropped 4.8% and 3.9%, respectively. Apple and Nvidia, two of the US’s largest companies by market value, had lost a combined $470bn in value by midday. Continue reading...

Economics

11 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

12 h. ago Unhinged Donald Trump issues bizarre 'PATIENT LIVED' rant after 'Liberation Day' tariffs bombshell

Donald Trump launched a bizarre rant claiming the 'patient lived, and is healing' after unveiling punitive tariffs on all imports - but his move has sent US financial markets into meltdown

Politics

12 h. ago Donald Trump in unhinged 'patient lived' rant after 'Liberation Day' tariffs bombshell

Donald Trump launched a bizarre rant claiming the 'patient lived, and is healing' after unveiling punitive tariffs on all imports - but his move has sent US financial markets into meltdown

Politics

13 h. ago US President Donald Trump's tariff bombshell wipes £2TRILLION off global stock markets

Financial markets have been rocked by fears President Trump's trade tariffs could lead to recessions around the world, as one expert warned of "full-scale economic warfare

Economics

13 h. ago Sir Keir Starmer says trade war with Trump would be 'bad for working people'

President Donald Trump slapped a 10% tariff on exports to the US during his 'liberation day' announcement

Politics

14 h. ago US stock markets tumble as investors shaken by Trump tariffs

Dollar hits six-month low after president announces sweeping tariffs on US’s largest trade partnersTrump condemned as global markets tumble – live updatesUS stock markets tumbled on Thursday as investors parsed the sweeping change in global trading following Donald Trump’s announcement of a barrage of tariffs on the country’s trading partners.All three major US index funds were down as trading started on Thursday morning. The tech-heavy Nasdaq fund was down 4.5%, while S&P 500 and the Dow dropped 3.4% and 2.7% at opening, respectively. Continue reading...

Economics

14 h. ago Trump calls America a 'patient who is healing' now his 'operation is over'

The Orange Manbaby has decimated globalisation and the world order with his 'Liberation Day' tariff announcement that will see taxes loaded on imports from all corners of the world

Politics

15 h. ago The simple math behind Trump’s tariffs: How the White House calculated the new rates and why it’s not reciprocal at all

With the help of a large chart, the president unveiled his latest wave of tariffs on Wednesday, on what he called ‘Liberation Day’

Politics

15 h. ago JD Vance boasts about ‘enthusiasm’ over ‘Liberation Day’ tariffs during softball Fox & Friends interview

Elsewhere in the interview, Vance blasted reports that Elon Musk would be stepping back from the administration as ‘fake news’ before acknowledging that his role will soon come to an end.

Politics

15 h. ago Stocks tumble on Wall Street as Donald Trump’s sweeping tariffs send shockwaves through global markets – business live

Ursula von der Leyen says tariffs a ‘major blow’ to world economy, as US dollar falls to six month low after US President Trump’s ‘liberation day’Full report: Trump announces sweeping new tariffsAnalysis: Trump’s tariffs likely to raise prices and cause chaosWhat are tariffs and why do they matter?The 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

15 h. ago Stephen Colbert on Trump tariffs: ‘America is finally free from the tyranny of being able to buy stuff from other countries’

Late-night hosts discuss Trump’s ‘liberation day’ of sweeping tariffs and a liberal judge’s victory over an Elon Musk-backed candidate in WisconsinLate-night hosts delve into Donald Trump’s so-called “liberation day” of tariffs and the defeat of an Elon Musk-backed candidate in the Wisconsin supreme court race. Continue reading...

Politics

15 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

16 h. ago Trump declares Great Depression wouldn’t have happened with tariffs

Donald Trump has declared that the US could have avoided the Great Depression with tariffs.

Politics

19 h. ago Donald Trump tariffs could 'LOWER price' of some items for UK shoppers

Personal finance analysts say some some prices in the UK may actually come down after US President Donald Trump announced bombshell global tariffs including a 10% import tax on UK goods

Economics