13 h. ago EU pauses trade retaliation against US after Trump’s 30% tariff threat

European Commission president Ursula von der Leyen calls for negotiated solution to dispute

Politics

3 d. ago Columbia student Mahmoud Khalil seeks $20 million from Trump over ‘political retaliation and abuse of power’

Palestinian student activist accuses administration of carrying out targeted arrests designed to ‘terrorize’ him and his family

Politics

3 d. ago Lula threatens 50% tariff on US goods in retaliation for Trump levy on Brazil

Brazilian president says ‘if he charges us 50%, we’ll charge him 50%’ after Trump cited trial of Bolsonaro to justify tariffBrazil threatened to hit back against Donald Trump’s plan to introduce 50% tariffs on its exports with its own 50% tariff on US goods, setting the stage for a precipitous trade war.“If he charges us 50%, we’ll charge him 50%,” Luiz Inácio Lula da Silva, the Brazilian president, told local news outlet Record, a day after Trump threatened to impose steep duties on Brazilian goods and accused the country of conducting a “witch-hunt” against its former president Jair Bolsonaro, who is facing a trial over his attempt to overturn his 2022 election defeat. Continue reading...

Politics

4 d. ago TACO returns to Wall Street: Investors shrug off Trump’s latest tariff threat as nickname sets the investor’s mood

Experts weigh in on whether Trump will carry out his latest threat – and the consensus is that the uncertainty looming over the U.S. economy can’t continue, Rhian Lubin reports

Economics

4 d. ago Business news live: Housebuilders pay £100m after investigation and copper hits record price on tariff threat

Stock markets updates and business news from Wednesday

Economics

5 d. ago China threatens retaliation for Trump tariffs as Rubio starts first Asia trip

China has warned US president Donald Trump against reigniting trade tensions by reimposing tariffs on Chinese goods and threatened retaliation against countries siding with Washington at Beijing’s expense.

Politics

6 d. ago Business news live: Trump delays end of trade tariff pause and surprise June house prices data

Stock markets updates and business news from Monday

Economics

7 d. ago Trump and US commerce secretary say tariffs are delayed until 1 August

President says team will start reaching out to trade partners with new tariff rates as 90-day pause ends this weekDonald Trump said on Sunday that his administration plans to start sending letters on Monday to US trade partners, dictating new tariff rates to be imposed on goods they sell to Americans. “It could be 12, maybe 15,” the president told reporters, “and we’ve made deals also, so we’re going to have a combination of letters and some deals have been made.”With his previously announced 90-day pause on tariffs set to end on 9 July, the president was asked if the new rates would go into effect this week, or on 1 August, as some officials had suggested. Continue reading...

Politics

8 d. ago Here we go again: latest Trump tariff deadline looms amid inflation concerns

US is on the brink of launching a trade assault on dozens of countries as 90-day pause on tariffs is set to end on 9 JulyWhen Donald Trump unveiled his “liberation day” tariffs in the spring, only to pull the plug days later as panic tore through global markets, his officials scrambled to present the climbdown as temporary.Three months of frenetic talks would enable the Trump administration to strike dozens of trade agreements with countries across the world, they claimed. “We’re going to run,” the White House trade adviser Peter Navarro told Fox Business Network. “Ninety deals in 90 days is possible.” Continue reading...

Economics

9 d. ago Trump threatens 17% tariffs on food and farm produce exports from Europe

EU says it ‘favours a negotiated solution’ but is prepared for potential trade war with retaliatory dutiesDonald Trump threatened to impose 17% tariffs on food and farm produce exports from Europe during talks in Washington this week, it has emerged.Such tariffs would hit everything from Belgian chocolate to Kerrygold butter from Ireland and olive oil from Italy, Spain and France, all big sellers in the US. Continue reading...

Politics

2 w. ago The Guardian view on Donald Trump’s China deal: rare earths pave the green road to militarisation | Editorial

Clean tech’s key minerals now drive western rearmament, reviving extractive ambition and exposing the toxic cost of dependenceIt’s an irony that the minerals needed to save the planet may help destroy it. Rare earth elements, the mineral backbones of wind turbines and electric vehicles, are now the prize in a geopolitical arms race. The trade agreement between Washington and Beijing restores rare earth shipments from China to the US, which had been suspended in retaliation against Donald Trump’s tariffs. Behind the bluster, there has been a realisation in Washington that these are critical inputs for the US. They are needed not just by American icons such as Ford and Boeing but for its fighter jets, missile guidance systems and satellite communications.This understanding suggests that Washington will scale back some of its countermeasures once Beijing resumes delivery of rare earths. The paradox is that to reduce its dependence on China, the US must depend on Beijing ...

Events

2 w. ago EU retaliation against Trump drug tariffs would be bad idea, says industry

European pharmaceutical body says it would be ‘negative for both sides’ if Brussels hits back on threatened US leviesThe European pharmaceutical industry has urged Brussels not to retaliate if Donald Trump brings in threatened tariffs on imported drugs, amid fears he could impose the levies as early as next week.The US president said last week that the sector-specific tariffs were coming “very soon”. There is concern in Brussels that he could impose them imminently to give himself further leverage ahead of his self-imposed 9 July deadline for trade deals with the EU and about 60 countries. Continue reading...

Politics

2 w. ago US Treasury asks Congress to scrap retaliatory tax measure in Trump bill

Scott Bessent says deal with G7 will stop so-called Pillar 2 taxes from applying to American companies

Politics

2 w. ago EU leaders mull US tariff response as deadline looms over Trump’s 50% threat

European Commission expects to hear on Thursday whether leaders want quick trade deal or tough reactionEuropean leaders will tell the European Commission later on Thursday whether they want a quick trade deal with the US, or favour a tough response to Donald Trump’s tariff threats.The European Commission president, Ursula von der Leyen, is expected to update EU leaders over dinner on Thursday on trade talks with the US ahead of a looming 9 July deadline. Continue reading...

Politics

2 w. ago Trump says 'last thing' on Iran's mind is nuclear weapons as he gives Netanyahu order

Israeli Prime Minister Benjamin Netanyahu "significantly scaled back" his planned retaliation against Iran's ceasefire violation after pressure from Donald Trump, it has been claimed

Events

2 w. ago EU readies retaliatory tariffs to secure better trade deal with Trump

German chancellor backs more muscular approach ahead of July talks deadline

Economics

2 w. ago Labour STILL can't bring themselves to back Donald Trump's strikes after Iran retaliated by launching missile barrage at US airbase in Qatar

As Tehran launched revenge attacks on US bases in the Middle East, the Prime Minister was last night accused of a 'lack of moral clarity' as he refused to take sides in the deepening conflict.

Events

2 w. ago Iran warns Trump its retaliation for nuclear labs bombing is NOT over after firing barrage of missiles at U.S. base: Live updates

LIVE UPDATES: Iran has warned that its retaliation to President Trump's strikes on its nuclear facilities is not over after the largest US military base in the Middle East was targeted.

Events

2 w. ago Iran launches missiles at US base in Qatar in retaliation for Trump strikes on nuclear sites

Tehran launches attack on Al Udeid Air Base in dangerous escalation of Middle East conflict

Events

2 w. ago Donald Trump breaks silence with bizarre monologue after US airbase attacked in WW3 escalation fears

Iran bombed a US airbase in Qatar earlier on Monday in a retaliatory attack, after President Donald Trump ordered several attacks on Iranian nuclear bunkers over the weekend

Politics