30 h. ago BMW boss predicts Trump’s 25% tariffs on foreign cars will be lowered by July

The German carmaker has reported that its first-quarter profits for 2025 have fallen by 25%The boss of BMW has predicted that Donald Trump’s import tariffs on foreign cars will be lowered this summer, as the German carmaker reportedprofits for the first quarter had tumbled by a quarter.Oliver Zipse, BMW’s chief executive, said he expects that Trump’s 25% tariffs on the import of foreign cars will be dropped by July. Continue reading...

Politics

8 d. ago US economy contracts at 0.3% rate as Trump’s tariffs prompt import surge

First-quarter figures affected by stockpiling but other indicators remain strong

Politics

8 d. ago US economy contracts at 0.3% rate as Trump tariffs prompt import surge

Annualised first-quarter figure comes below expectations and contrasts with previous growth

Politics

9 d. ago US goods trade gap hits record high as Trump tariffs prompt import surge

Companies rushed to purchase foreign products ahead of imposition of wide-ranging levies

Politics

2 w. ago Reeves opens door to cutting US car import tariffs in UK trade talks

Chancellor says a deal ‘can be done’ with Washington but insists Britain will not lower food or auto standards

Politics

3 w. ago Trump latest: China warns president to ‘stop whining’ over tariffs after US curbs Nvidia chip sales in trade war

It comes as Donald Trump claims the U.S is taking in ‘record’ tariffs after raising import duties

Events

3 w. ago Stock markets rise on signs of Trump tariff retreat; British Steel races to keep furnaces burning – business live

Chinese exports jump as official says ‘the sky won’t fall,’ despite warning from US officials that smartphone and laptop exemption from import tariffs on China will be short-livedMatt Britzman, senior equity analyst at Hargreaves Lansdown, said:Just when it seemed the tariff chaos couldn’t get any worse, tech investors have spent the weekend scrambling to make sense of a whirlwind of confusing - and at times contradictory - messages coming out of the White House. Despite the drama, European markets have taken an easing stance on US tech components as a positive in a broad-based rally this morning, with the FTSE 100 up 1.5% in early trading.This time, it’s chips, smartphones, and other tech components taking centre stage. While there were early signs on Friday night that some broad exemptions might be in play, it turns out tariffs are still very much on the table. But here’s the twist: despite the messy rollout, what’s caught investors’ attention is the news that these products won’t...

Economics

3 w. ago Donald Trump issues dramatic new statement on tariffs after raising hopes on Friday

The President had appeared to spare electronic goods from China from his 125% import tax and 10% global tariff on Friday, but it seems that will not be the case after all

Politics

3 w. ago Trump warns exemptions on smartphones, electronics will be short

The US president has said no one is ‘getting off the hook’, as he promises to launch a national security investigation into the semiconductor sectorThe exemption of smartphones, laptops and other electronic products from import tariffs on China will be short-lived, top US officials have said, with Donald Trump warning that no one was “getting off the hook.”“There was no Tariff ‘exception’, Trump said in a social media post on Sunday. “These products are subject to the existing 20% Fentanyl Tariffs, and they are just moving to a different Tariff ‘bucket.’” Continue reading...

Events

3 w. ago UK suspends import tariffs to ease strain for British businesses

Levies cut on 89 products to support domestic companies against Trump’s trade war

Economics

3 w. ago Trump’s auto tariffs expected to cost industry over $100 billion, with millions fewer cars sold

Vehicle sales are predicted to plummet from auto tariffs and tightened spending by Americans due to import taxes on other goods

Economics

4 w. ago EU drug firms warn of exodus to US as Trump threatens import tariffs

Von der Leyen urged to take ‘rapid and radical action’ as president says tariffs on pharmaceuticals coming ‘shortly’The Irish villages under threat from Trump’s tariffsPharmaceutical companies in the EU have warned of a “risk of exodus” to the US as stocks in the sector slid around the world on the back of Donald Trump’s renewed threat to impose tariffs on US drugs imports.Drugmakers’ shares across Europe and India, another foreign drugs hub, slipped on Wednesday after Trump indicated further carnage was on the way in addition to the 20% “reciprocal tariffs” on imports that kicked in overnight. Continue reading...

Events

4 w. ago EU drug companies warn of exodus to US as Trump threatens import tariffs

Von der Leyen urged to take ‘rapid and radical action’ as president says tariffs on pharmaceuticals coming ‘shortly’The Irish villages under threat from Trump’s tariffsPharmaceutical companies in the EU have warned of a “risk of exodus” to the US as stocks in the sector slid around the world on the back of Donald Trump’s renewed threat to impose tariffs on US drugs imports.Drugmakers’ shares across Europe and India, another foreign drugs hub, slipped on Wednesday after Trump indicated further carnage was on the way in addition to the 20% “reciprocal tariffs” on imports that kicked in overnight. Continue reading...

Events

last month FTSE 100 rebounds after Donald Trump tariffs wiped £7trillion off global shares

Financial markets in Asia and Europe have staged a partial recovery despite China hitting back at a fresh wave of threatened import tariffs by China.

Economics