22 m. ago Trump signals openness to cutting China tariffs ahead of Geneva talks

US president suggests reduction to 80% as Beijing announces increase in global exports

Politics

27 m. ago Two dolls instead of 30? Toys become the latest symbol of Trump's trade war

Toy dolls have become the latest rhetorical poster child for President Donald Trump's tariffs crusade

Politics

83 m. ago The Guardian view on the impact of Trump’s film tariffs: a disaster movie waiting to happen | Editorial

The US president’s proposed levies will badly hit the UK industry just as it is recovering from a series of blowsBarbieland, the Emerald City and a galaxy far, far away were all built – at least in part – at film studios just outside London. Now the UK film industry has come crashing down to earth with Donald Trump’s threat to impose 100% tariffs on all movies “produced in foreign lands”. “Hollywood is being destroyed,” Mr Trump announced, like an action hero on a mission. “Other nations have stolen our movie industry.” In the UK the news was met with warnings that the British film sector would be “wiped out” by such a “knock-out blow”. Brian Cox, the Succession star, called the proposed tariffs “an absolute disaster”. Roll the opening credits.Mr Trump has a point. New instalments of Marvel’s Avengers and Spider-Man are filming around London this summer. No wonder the president wants “MOVIES MADE IN AMERICA, AGAIN!” The UK’s generous tax incentives, skills base and state-of-the-art ...

Politics

2 h. ago MIKEY SMITH: 7 wild and bizarre things Donald Trump did in 24 hours as he threatens Barbie Tax

It's been nearly 24 hours since Donald Trump threatened to slap a 100% tariff on Mattel products - and nobody else has called it the 'Barbie Tax' yet. You're welcome, America

Politics

3 h. ago Trump to reportedly unveil Medicare drug pricing plan after teasing ‘earth

Trump’s upcoming announcement is to revive his plan to lower Medicare drug costs, CBS reports, a policy blocked during his first term and scrapped by Biden administrationThe major “earth-shattering” announcement Donald Trump teased earlier this week in the Oval Office is a “most favored nation” plan to cut Medicare drug prices, sources have told CBS News.In his first administration, Trump signed an executive order to implement a “most favored nation” clause that would have required Medicare to pay drug companies the lowest price paid in similar countries for some expensive, physician-administered drugs. The Biden administration rescinded the proposal under pressure from hospitals and drug companies.We’re going to have a very, very big announcement to make – like as big as it gets. It will be one of the most important announcements that have been made in many years about a certain subject. Continue reading...

Politics

3 h. ago ‘A kick in the teeth’: UK film industry’s horror at possible Trump tariffs

Prop-maker at Shepperton Studios fears for future after post by US president throws sector into uncertaintyIt is a sunny May afternoon in leafy Surrey, and Richard St Clair is carefully preparing a bomb. It is not real, but it will look like it is when shown on a Netflix TV show. Across the workshop a colleague is cheerfully sandpapering a pile of hip bones for the 28 Years Later zombie trilogy – trailers suggest a lot of skeletons will be involved.They are working at db Props, a small company based at Shepperton Studios whose handiwork – made of expanding foam, wood, or assorted odds and sods – in films and shows has ranged from weapons in Ant Man to Thor’s hammer to Alan Turing’s computer in The Imitation Game. Continue reading...

Politics

4 h. ago Labour MPs must realise welfare system ‘needs reform’, says Reeves – UK politics live

Chancellor responds to growing rebellion from more than 40 MPs who have written to the prime ministerMore than 40 Labour MPs have warned the prime minister that planned disability cuts are “impossible to support” and have called for a pause and change in direction.The letter from parliamentarians spanning the new intake and veterans, and from the left and right of the party, sets Keir Starmer up for the biggest rebellion of his premiership when the House of Commons votes on the measures next month.Andrew Bailey has today added his voice to what Liberal Democrats have been saying for years: that we urgently need to rebuild our trading relationship with our closest and most significant economic partners in Europe.This isn’t about revisiting the past, it’s about boosting our economy and deepening cooperation for the future. Despite the government’s US deal, Trump’s trade tariffs are still hitting key British industries and threatening the livelihoods of people across the UK. Continue r...

Politics

5 h. ago Donald Trump says 80% tariff on China ‘seems right’ ahead of trade talks

US position tougher than expected as Treasury secretary heads to Geneva for negotiations

Politics

5 h. ago US politics live updates: majority of Americans disapprove of Trump’s higher education approach, poll finds

Fifty-six percent of Americans said they disapprove of Trump’s approach to higher education, while about four in 10 express approval in new AP pollThe quote Trump is referring to from George HW Bush comes from the former president’s acceptance speech at the Republican National Convention on 18 August 1988.And my opponent won’t rule out raising taxes. But I will. And the Congress will push me to raise taxes, and I’ll say no, and they’ll push, and I’ll say no, and they’ll push again. And I’ll say to them: Read my lips. No new taxes.But Bush’s mistake was that he made that anti-tax pledge in the first place and stuck to it in the first part of his presidency. His courageous 1990 reversal on fiscal policy set the stage for a decade of economic growth that eventually achieved budget surpluses.The budget deal that Bush reached with congressional Democrats in 1990 may indeed have contributed to his failure to win re-election in 1992. There is no question that the timing was terrible. The m...

Politics

5 h. ago Trump floats cutting Chinese tariffs from 145% to 80% before weekend talks

Meeting aimed at de-escalating trade war after Chinese exports beat expectations despite slump in tradeDonald Trump has floated cutting tariffs on China from 145% to 80% before a weekend meeting as he looks to de-escalate the trade war.Top US officials are set to meet a high-level Chinese delegation this weekend in Switzerland in the first significant talks between the two nations since Trump sparked a trade war with stiff tariffs on imports. Continue reading...

Politics

12 h. ago China exports beat expectations despite slump in trade with US

April trade data comes the day before representatives from Washington and Beijing were set to meet to discuss Trump’s tariffsChinese trade with the United States slumped in April even as its total exports beat forecasts, official figures show, as trade representatives from both nations prepared to meet this weekend in the midst of a gruelling trade war between the superpower rivals.Exports to the United States – one of China’s top trading partners – fell 17.6% in April, data showed. Against that backdrop, analysts polled by Bloomberg had expected exports to rise just 2% year-on-year last month. However they beat expectations, coming in at 8.1%. Continue reading...

Politics

12 h. ago Commerce Secretary Howard Lutnick gloats about baffling UK trade deal

American consumers are still going to be hit with higher prices from Trump’s 10 percent tariffs on British products

Economics

15 h. ago Trump threatens Mattel with 100% tariffs as doll fallout escalates: ‘He won’t sell one toy in the US’

Mattel CEO said tariffs will not increase toy production inside the US

Politics

18 h. ago Trump hails Brexit for making UK trade deal possible: Inside astonishing day that saw President blindside Starmer during Arsenal match and resulted in Tories deriding 'Diet Coke' agreement

The deal, which President Trump said was only possible 'because of Brexit ', will cut US tariffs on cars imported from the UK from 25 per cent to 10 for the first 100,000 vehicles.

Politics

18 h. ago Trump names Fox News host and former judge Jeanine Pirro as top federal prosecutor in DC – US politics live

Pirro to serve as interim attorney for Washington DC after it became clear Ed Martin would not pass Senate confirmation The winners and losers of Trump’s first tariff war strongly suggest that bankruptcies and farm consolidation could surge during his second term, with major corporations best placed to benefit from his polices at the expense of independent farmers.New analysis by the non-profit research advocacy group Food and Water Watch (FWW), shared exclusively with the Guardian, shows that Trump’s first-term tariffs were particularly devastating for farmers in the Maga rural heartlands. Continue reading...

Politics

19 h. ago Trump’s chief trade adviser says Britons will like chlorinated chicken and hormone

Peter Navarro also says UK and US still negotiating over digital services tax – a policy Trump is deeply opposed to The winners and losers of Trump’s first tariff war strongly suggest that bankruptcies and farm consolidation could surge during his second term, with major corporations best placed to benefit from his polices at the expense of independent farmers.New analysis by the non-profit research advocacy group Food and Water Watch (FWW), shared exclusively with the Guardian, shows that Trump’s first-term tariffs were particularly devastating for farmers in the Maga rural heartlands. Continue reading...

Politics

20 h. ago Trump and new German chancellor speak and agree on need to resolve trade disputes – live

Two leaders spoke shortly after Friedrich Merz warned US politicians to ‘stay out of’ Germany’s politics, according to German spokespersonThe winners and losers of Trump’s first tariff war strongly suggest that bankruptcies and farm consolidation could surge during his second term, with major corporations best placed to benefit from his polices at the expense of independent farmers.New analysis by the non-profit research advocacy group Food and Water Watch (FWW), shared exclusively with the Guardian, shows that Trump’s first-term tariffs were particularly devastating for farmers in the Maga rural heartlands. Continue reading...

Politics

21 h. ago This historic US trade deal is a personal victory for Keir Starmer

Editorial: In persuading Donald Trump to be fair to Britain, the prime minister has succeeded where Brexiteers failed. He is to be congratulated

Economics

22 h. ago Trump’s ‘concepts of a plan’ trade deal with the United Kingdom won’t save him

New trade agreement is more of a way for him to save face than an all-encompassing deal, writes Eric Garcia

Politics

22 h. ago Solution to get food and aid to Gaza is ‘steps away’, US state department says – live

Gaza is on the brink of catastrophe after two months of a total blockade by Israel, aid workers say, with many families down to one meal a dayThe winners and losers of Trump’s first tariff war strongly suggest that bankruptcies and farm consolidation could surge during his second term, with major corporations best placed to benefit from his polices at the expense of independent farmers.New analysis by the non-profit research advocacy group Food and Water Watch (FWW), shared exclusively with the Guardian, shows that Trump’s first-term tariffs were particularly devastating for farmers in the Maga rural heartlands. Continue reading...

Society