26 h. 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

31 h. 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

33 h. 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

44 h. 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

59 h. 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

5 d. 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

5 d. 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

7 d. ago 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

7 d. ago World's second largest automaker makes dramatic move as it stops all US car imports

The extraordinary move by the brand is the latest and follows big decisions by the maker of Dodge and Ram cars on the back of Trump's car tariffs.

Events

8 d. ago Stock market meltdown as £100billion wiped off UK shares amid fears of 'Black Monday' repeat

Stock markets plunged again at the start of the new week as US President Donald Trump refused to back down over the biggest wave of import tariffs since the 1930s

Economics

1 week ago This is the barren, uninhabited island Trump has imposed 10% tariffs on

This is the barren, uninhabited island near Antarctica on which Donald Trump slapped a 10% import tariff when he announced his wide-reaching levies on Wednesday, 2 April.

Politics

1 week ago US trade war with China is 'single stupidest thing you’ll ever see’ says expert

Political expert Ian Dunt has issued a scathing attack on Donald Trump after the US President announced a sweeping range of import tariffs on territories around the world

Events

1 week 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

1 week ago UK threatens to retaliate to Trump’s tariffs and draws up 400

The government draws up a 417-page list of products to target with import taxes in retaliation against Donald Trump’s tariffs on British goods

Politics

1 week ago UK could retaliate to Trump’s tariffs if no US trade deal is secured, business secretary says

The government has drawn up a 417-page list of products that could be slapped with import taxes in retaliation against Donald Trump’s tariffs on British goods

Economics

1 week ago Government draws up list of potential products to include in tariff retaliation

The Prime Minister acknowledged there will be an economic hit for the UK from the 10% import tariff that has been slapped on British goods by the US.

Politics

1 week 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

1 week ago Donald Trump tariffs: How they could impact your mortgage and interest rates in UK

US President Donald Trump has already announced a 25% tariff on all cars imported to the US, as well as import taxes on steel and aluminium, but how will tariffs impact the UK?

Politics

1 week ago Why Starmer’s trade diplomacy may still bear fruit despite 10% tariffs on UK

Retaliation may not be needed as Britain likely to be ‘front of the queue’ in agreeing deal to redraw trade relationshipWhat is the best way to respond to Donald Trump and his sweeping tariffs? Keir Starmer thinks the answer is to tread softly, softly – while engaging in intensive negotiations behind the scenes.There are signs that this strategy is bearing fruit. On Wednesday night, the president announced “reciprocal tariffs on countries throughout the world” including a 10% import tax on UK exports to the US – crucially, lower than the 20% imposed on the EU. The 10% rate was the lowest rate Trump announced and applied to several other countries including Australia, Singapore and Brazil.100 days of Trump’s presidency, with Jonathan Freedland and guests Continue reading...

Politics

1 week ago Trump’s tariffs could result in up to 25,000 UK automotive job losses, experts warn

The US President is expected to announce a series of tariffs on imports from Europe later today.

Events