11 h. ago Trump’s tariffs hand surprise win to London Metal Exchange over New York rival

Trump’s tariffs hand surprise win to London Metal Exchange over New York rival  Financial Times

Politics

27 h. ago ‘Empty shelves, higher prices’: Americans tell of cost of Trump’s tariffs

US consumers say price rises caused by president’s tariffs contradicts his promise to make life more affordableAs a mother of two, Paige Harris has noticed a change in the way she shops for her family.“Items that I have bought regularly have gone up in price steadily,” she said. “From hair dye to baby formula, our grocery list has gotten smaller while our budget has had to increase. Meats like steak are a no-go for our household.” Continue reading...

Economics

33 h. ago Xi Jinping is preparing to go toe to toe with Donald Trump – and there will only be one winner | Simon Tisdall

Beijing has realised that reckless America First policies are alienating old and new friends alike, creating a vacuum it can fillHolding court for the cameras in Sharm el-Sheikh last week, a manically self-congratulatory Donald Trump, Gaza’s make-believe saviour, hailed his fellow “tough guys” – tame tyrants, such as Egypt’s Abdel Fatah al-Sisi, who helped fabricate his flimsy Israel-Hamas ceasefire deal.Yet later this month, the American pharaoh-president is due to face a far less biddable tough guy: China’s leader, Xi Jinping. Bookmakers may withhold odds on the outcome. In the US-China race for 21st-century primacy, Xi is sprinting ahead, assisted by spur-heeled Trump’s many missteps.Simon Tisdall is a Guardian foreign affairs commentator Continue reading...

Politics

2 d. ago Trump admits that his 157% tariff on China is ‘not sustainable’ but shrugs off changing it

During a Fox interview, Donald Trump also criticized Richard Nixon for his landmark 1972 visit to Beijing

Politics

3 d. ago European and Asian shares slide as Wall Street ‘fear index’ spikes

US stock futures recover after Donald Trump appears to suggest that heightened tariffs on Chinese imports may not last

Politics

3 d. ago Canadians set aside contempt for tariffs and Trump rhetoric for the love of the Toronto Blue Jays

Many Canadians have been boycotting the U.S. since the Trump administration started threating Canada’s economy and sovereignty with tariffs and heated political rhetoric

Politics

3 d. ago IKEA is struggling to stick to famously low prices due to Trump tariffs

Popular affordable furniture brand hints it could be forced to raise the price of its products in response to the ongoing econominc uncertainty in the U.S.

Politics

4 d. ago Trump plans Ukraine 'victory fund' paid for by tariffs on China

Under the proposal, Chinese imports could face a 500 per cent tariff, with the revenue directed to weapons and aid for Ukraine's armed forces.

Politics

4 d. ago The AI bubble is a bigger global economic threat than Trump’s tariffs

America’s use of import duties has been constrained by financial markets and economic reality

Economics

4 d. ago Trump says tariffs directly ended several of the wars he claims to have stopped since returning to the White House

President Trump claimed that the import taxes paid by Americans have also been ‘very important’ for ‘national security’

Events

4 d. ago Trump says tariffs ended most of the seven wars he claims to have ended since returning to the White House

President claims import taxes paid by Americans have also been ‘very important’ for ‘national security’

Events

4 d. ago Canadian jobs ‘sacrificed on Trump’s altar’ as Stellantis announces US investment

Mark Carney says automaker’s move to inject $13bn into US is ‘direct consequence’ of Donald Trump’s tariffsCanadian jobs are being “sacrificed on the Trump altar”, union leaders have warned, after the automaker Stellantis announced plans to transfer production of one Jeep model to the United States.Stellantis announced what it described as its largest US investment push in its 100-year history, saying the $13bn cash injection would create 5,000 jobs across the midwestern United States. Continue reading...

Politics

5 d. ago Trump threatens vulnerable countries before key shipping emissions vote

American officials have threatened supporters of measure to reduce emissions with tariffs and other retaliatory actionDonald Trump’s government is putting intense pressure on vulnerable countries to vote against measures that would force shipping companies to pay for their carbon emissions.US officials have written to countries that support the measure and besieged them with phone calls threatening to impose tariffs, withdraw visa rights and take other retaliatory action. Continue reading...

Politics

5 d. ago Trump turns attention to Spain with 'punishment' threat after doing well 'off our backs'

Donald Trump has taken a brief pause on his tariff threats to Russia to focus on his latest country of interest – Spain – and says he's 'not happy' with the NATO nation

Politics

5 d. ago The Guardian view on the IMF’s warning: Britain’s economy runs hot for profits, cold for pay | Editorial

Labour is misreading the economics – leaving it unable to deal with the G7’s worst inflation and flat living standardBloomberg’s headline said it all: “UK Faces Worst G-7 Inflation and Flat Living Standards, IMF Says”. The International Monetary Fund warns that inflation will be higher in the UK than in any other major advanced economy – including in the US, where Donald Trump’s tariffs are driving up costs for American consumers. This while GDP growth per head crawls at 0.4%, the weakest of any major economy. Real wages have stagnated for 11 months. Meanwhile, official figures show that unemployment has climbed to 4.8%, the highest since spring 2021. Forget talk of Britain’s “upgraded growth”; the economy, under Labour, is running hot only for those collecting profits.The Joseph Rowntree Foundation (JRF) projects that by 2029 average disposable incomes will be £570 lower than today, a fall of 1.3% – the sharpest drop in living standards since records began in 1961. This isn’t a sim...

Events

6 d. ago IMF upgrades US growth outlook as Trump's tariffs cause less disruption than expected

The U.S. and global economies will grow a bit more this year than previously forecast as the Trump administration’s tariffs have so far proved less disruptive than expected, the International Monetary Fund said Tuesday, though the full impact of those policies is still emerging

Politics

6 d. ago World economy resilient amid Trump tariffs but outlook looks ‘dim’, says IMF

UK and global GDP growth forecasts upgraded for this year but immigration controls could have negative impact Business live – latest updatesThe global economy has shown “unexpected resilience” in the face of Donald Trump’s tariffs, but the full impact is yet to be felt, and outlook for growth remains “dim”, the International Monetary Fund (IMF) has warned.As policymakers gather in Washington for its annual meetings, the IMF has upgraded its forecast for global GDP growth this year to 3.2%, from 3% at its last update in July. Next year’s global forecast is unchanged, at 3.1%. Continue reading...

Politics

6 d. ago ‘It’s a big unknown’: California Democrat on Trump’s 100% tariff plan for foreign movies

Laura Friedman, who spent 20 years in Hollywood before winning her House seat, says film industry needs help but president’s vague policy idea is bafflingLaura Friedman’s love affair with film started young, staying up late to watch old Humphrey Bogart and James Cagney flicks. “It definitely gave me big dreams and I moved to Hollywood to follow those dreams,” she recalls.Now that dream is out of reach for many. Los Angeles is losing its allure as film producers increasingly turn to cheaper locations in other countries. But after 20 years working in the movie industry, Friedman is now uniquely placed to save it after she swapped Hollywood for the halls of Congress in Washington DC. Continue reading...

Politics

7 d. ago China warns of retaliation after Trump slapped country with extra tariffs – but US leader insists ‘it will be fine’

CHINA has warned it will retaliate with its own "countermeasures" after Donald Trump hit the country with extra 100 per cent tariffs - in the latest escalation of the tit-for-tat trade war. The US president played down simmering tensions between the two nations - vowing everything "will be fine" in the face of Beijing's latest...

Events

8 d. ago The IMF boss is right to say ‘buckle up’ – the global economy is facing multiple menaces

Trump’s latest tariff tantrum and rising fears of an AI bubble have very quickly borne out Kristina Georgieva’s claim that ‘uncertainty is the new normal’Trump threatens 100% tariffs as Beijing restricts rare-earth exportsLittle more than 48 hours passed last week between IMF chief Kristalina Georgieva’s warning that “uncertainty is the new normal” and Donald Trump’s latest tariff onslaught – this time aimed at China.Markets plunged on Friday after Trump threatened to levy punitive additional tariffs of 100% on Chinese goods in retaliation for Beijing’s blocks on exports of rare earth minerals. Continue reading...

Economics