3 h. ago Barbie maker raises prices due to Trump tariffs as Ford warns of $1.5bn cost

Toy company Mattel says it will reduce imports into the US from China to below 15% by 2026Business live – latest updatesBarbie maker Mattel has said it will increase prices for some products in the US in response to Donald Trump’s tariffs while carmaker Ford said the US president’s measures would cost it about $1.5bn (£1.1bn) this year.The US represents about half of Mattel’s global toy sales, and the company imports about 20% of its goods sold in the country from China. Mattel said it would reduce imports into the US from China to below 15% by 2026. Continue reading...

Economics

4 h. ago Barbie maker Mattel to raise some US prices due to Trump tariffs

Carmaker Ford says tariffs will cost it about $1.5bn this year as toymaker says it will reduce imports from ChinaBusiness live – latest updatesBarbie maker Mattel has said it will increase prices for some products in the US as Donald Trump’s sweeping tariffs bump up costs for the toymaker.The US represents about half of Mattel’s global toy sales, and the company imports about 20% of its goods sold in the country from China. Mattel said it would reduce imports into the US from China to below 15% by 2026. Continue reading...

Politics

10 h. ago Trump called for 100% tariff on foreign films a day after Jon Voight proposed ‘limited’ tariffs

Actor was assigned by Trump to come up with a plan to save Hollywood, but his proposal only included tariffs ‘in certain limited circumstances’US president Donald Trump announced his 100% tariff on films “coming into our country produced in foreign lands” one day after meeting with actor Jon Voight to discuss his proposals to bring film production back to the US – which only suggested that tariffs could be used “in certain limited circumstances”.The Midnight Cowboy and Heat actor, who was appointed a “special ambassador” to Hollywood by Trump, has been meeting with studios, streamers, unions and guilds for months to develop a plan to lure film and television productions back to the US. Production companies often seek more cost-effective locations or tax incentives in other countries such as Canada, Australia, the UK, New Zealand, Hungary, Italy and Spain. Continue reading...

Politics

13 h. ago Half of profit warnings in April cite trade tariff impact, reports finds

A raft of firms worldwide have sent out alerts over their profits since the tariff hikes were unleashed by Donald Trump on April 2.

Events

16 h. ago Trump White House says ‘no final decisions’ on foreign film tariffs

Officials say administration ‘exploring all options’ after president declared 100% tariff on non-US-produced filmsThe White House said on Monday that no final decisions have been made about imposing tariffs on foreign films, just a day after Donald Trump declared a 100% tariff on all movies produced outside the United States – an announcement that sparked widespread alarm across the global film industry.“Although no final decisions on foreign film tariffs have been made, the administration is exploring all options to deliver on President Trump’s directive to safeguard our country’s national and economic security while Making Hollywood Great Again,” White House spokesperson Kush Desai said. Continue reading...

Politics

17 h. ago Fears of UK film industry jobs bloodbath: Tens of thousands of freelancers could be out of work if Donald Trump applies 100% tariff on non

UK industry figures have warned the plans 'could deal a knock-out blow' to the UK film sector.

Politics

19 h. ago White House claims ‘no final decisions on foreign film tariffs’ after Trump announces plan – live

Trump spokesperson says the administration is ‘exploring all options’ but not yet enacting 100% tariff on movies ‘produced in Foreign Lands’ as president saidDonald Trump’s bombshell announcement that “Movies coming into our Country that are produced in Foreign Lands” will be subject to a 100% tariff has certainly caught the attention of Hollywood, as well as the international film industries it seems to be aimed at – principally Canada, the UK, Australia and New Zealand, as well as European countries such as Hungary and Italy that have often acted as bases for US film production.Vague and grandstanding at it is, the chaotic rollout of previous Trump tariffs has triggered feverish speculation, as well as defiance, in the film industry in exactly how this might play out. Continue reading...

Politics

23 h. ago Eluned Morgan warns Donald Trump's tariffs will hit Wales harder than England

She believes though that Wales could benefit from renewable sector investors pulling out of the US

Events

23 h. ago 5 despicable and puzzling things Donald Trump did in 24 hours from Alcatraz to tariffs

It has been a typically chaotic day in the White House, with US President Donald Trump making unexpected policy announcements on social media and sparking alarm about another war

Politics

24 h. ago Trump’s 100% film tariff plan ‘not in the interests of American businesses’ – US politics live

Australian and UK politicians push back against US president’s move, which is expected to send ‘shock waves’ through global industry Israel is to expand its military operations in Gaza in the coming weeks, with the aim of “conquering” the territory and establishing a “sustained presence” there, Israeli officials have said.The plan, which was unanimously approved at a security cabinet meeting late on Sunday, goes beyond any aims so far outlined by Israel for its offensive in the devastated Palestinian territory and is likely to prompt deep international concern and fierce opposition. Continue reading...

Politics

25 h. ago Trump’s 100% film tariffs to send ‘shock waves’ through global industry – US politics live

US president announces move, citing ‘national security threat’ to US film sectorMeanwhile, Germany has said it “strongly rejects” criticism by US Secretary of State Marco Rubio of its domestic spy agency’s decision to label the far-right AfD party as an extremist group.“I reiterate that the insinuations contained (in his comments) are certainly unfounded,” foreign ministry spokesman Sebastian Fischer said.This is democracy. This decision is the result of a thorough & independent investigation to protect our Constitution & the rule of law. It is independent courts that will have the final say. We have learnt from our history that rightwing extremism needs to be stopped.”The UK is a world leader in film and TV production, employing thousands of talented workers, and this is a key growth sector in the government’s industrial strategy,” she said.“These tariffs, coming after Covid and the recent slowdown, could deal a knock-out blow to an industry that is only just recovering and...

Politics

26 h. ago Trump’s tariffs get one thing right: capitalism is changing | Avram C Alpert

The president’s protectivist trade vision is deeply flawed. But he has picked up on something Democrats are missingTrying to understand Donald Trump’s across-the-board tariffs based solely on economic theory won’t work. As the US president himself said: “Chronic trade deficits are no longer merely an economic problem, they’re a national emergency that threatens our security and our very way of life.” That may be why, as many economists have pointed out, there’s simply no good economic case for his plans.But few commentators have understood that facts and figures aren’t the whole point of the tariffs. As always, economics is part of a broader political vision. The tariffs help Trump make his claim that a way of life is under threat and he alone can protect it. Continue reading...

Politics

27 h. ago Trump's trade demands go beyond tariffs to target perceived unfair practices

President Donald Trump's trade war isn't just about tariffs

Politics

27 h. ago Albanese holds ‘warm’ talks with Trump on Aukus and tariffs after election win

Anthony Albanese is first Australian prime minister in decades to win a second straight term

Politics

28 h. ago Donald Trump hits movies made in the UK with 100% tariffs: Blow to Britain's film industry as President turns up trade war to save 'dying' Hollywood

Incentive programmes for years have influenced where movies are shot, increasingly driving film production out of California and to other states and countries with favourable tax incentives.

Events

31 h. ago Albanese has ‘very warm’ call with Trump, who says he has ‘no idea’ who Dutton is

Re-elected PM foreshadows meeting with US president after conversation that covered tariffs and Aukus treaty Australian federal election news LIVE – latest results and updatesLive results: federal election votes tracker, electorates map and seat countsSee our full coverage of the Australian electionGet our breaking news email,free app or daily news podcastAnthony Albanese has had a “very warm” conversation with Donald Trump about tariffs and Aukus, foreshadowing a coming meeting with the US president after Labor’s election win.Trump was asked earlier on Monday about the Australian election at the White House. He said, “I’m very friendly with” Albanese, but distanced himself from the Liberal leader, Peter Dutton.Sign up for Guardian Australia’s breaking news email Continue reading...

Politics

54 h. ago Australian PM shrugs off questions about Donald Trump as other world leaders congratulate him

Anthony Albanese gets back to work after celebratory brunch in Sydney – saying, ‘We’ve got a big job to do’Australian federal election 2025 LIVE – latest Australia news and updatesElection 2025 results LIVE: Australia votes tracker and federal seat countsSee our full coverage of the Australian electionGet our breaking news email,free app or daily news podcastAnthony Albanese says his job is to “represent Australia’s national interest” after his thumping election win, shrugging off questions about when he might visit the United States to speak to Donald Trump about tariffs and trade.The re-elected prime minister said he had spoken to the leaders of Papua New Guinea, New Zealand, France and the UK, and looked forward to calls with the presidents of Indonesia and Ukraine.Sign up for the Afternoon Update: Election 2025 email newsletter Continue reading...

Politics

57 h. ago Singapore’s ruling party sweeps to victory as voters opt for stability

PAP’s 16th consecutive win comes as Donald Trump’s tariffs rattle trade-reliant financial hub

Politics

2 d. ago Throngs of admirers fill an arena to get Warren Buffett's take on tariffs and Berkshire Hathaway

Thousands of Berkshire Hathaway investors have streamed into an arena hoping to hear Warren Buffett address what he thinks of President Donald Trump’s tariffs and explain why he is sitting on $347.7 billion cash

Events

2 d. ago Jaguar Land Rover restarts car exports to the US despite Donald Trump's 25 per cent tariffs that will put £9,500 on price of a Range Rover Evoque

Jaguar Land Rover has resumed shipments of its cars to the US after apparently shrugging off concerns about Donald Trump 's trade tariffs, which will see a 25 per cent levy on foreign cars.

Economics