26 h. ago Indonesia to pay 19% tariffs and buy 50 Boeing jets under Trump’s new trade deal

US president announces Jakarta will purchase 50 Boeing jets and billions of dollars’ worth of energy and agricultural goods as part of new deal

Economics

31 h. ago Trump says Indonesia to pay 19% tariffs, buy 50 Boeing jets under trade deal

Rate is significantly below the 32% the US president had threatened but timeline for implementation of deal remains unclearUS President Donald Trump says he has struck a trade pact with Indonesia resulting in significant purchase commitments from the south-east Asian country, after negotiations to avoid steeper tariffs.Indonesian goods entering the United States would face a 19% tariff, Trump said in a post on his Truth Social platform. This is significantly below the 32% level the president earlier threatened. Continue reading...

Economics

46 h. ago Trump dismisses parliamentary recall idea and praises Starmer’s Brexit efforts

US president says he likes PM ‘even though he’s a liberal’, lauding his handling of trade deal and progress since exit from EUUK politics live – latest updatesDonald Trump has said he does not want parliament to be recalled for his state visit to the UK, praising Keir Starmer, and saying that, despite being a liberal, the prime minister was straightening out a “sloppy” Brexit.Speaking in a rare interview with the BBC, the president said he had made trade agreements to lower tariffs on the UK specifically because of his affinity with Britain, saying he believed in its special relationship with the US. Continue reading...

Politics

5 d. ago UK exports to US returned to growth in May as trade deal cut some key tariffs

Goods exports rose by £300 million during the month, the Office for National Statistics revealed.

Economics

6 d. ago Trump threatens 35% tariff on Canadian goods and says he may double what other nations are charged

Trump is playing hardball with countries that have yet to make a trade deal with him

Politics

8 d. ago Relief for UK steel industry as Trump delays ramping up tariffs to 50% AGAIN

Donald Trump has extended the deadline for increasing levies on global imports from 25 per cent to 50 per cent.

Politics

9 d. ago What is going on with Trump’s tariffs? All you need to know as trade deal deadline delayed again

Stock market volatility and costs to small businesses are just two of the knock-on effects from the tariffs

Economics

1 week ago Kevin Durant officially traded to Rockets in NBA record seven

Durant heads to Houston after two years with PhoenixSuns, Rockets, Hawks, Wolves, Warriors, Nets, Lakers involvedKevin Durant’s trade to the Houston Rockets is official and officially record-setting.The deal got approved by the NBA on Sunday as part of a seven-team transaction, a record number of organizations to be part of a single deal, one in which a slew of other trade agreements got folded into one massive package. Continue reading...

Politics

1 week ago EU leaders race to secure a deal as deadline looms in Trump trade talks

There are just two days of talks left before the US president’s potentially swingeing tariffs are restoredThe EU is entering a crunch week with only two days of talks left to secure a trade deal with Washinton to avert Donald Trump’s threatened 50% tariff on its imports into the US.According to the US treasury secretary, Scott Bessent, on Friday, the negotiations – which continued over the weekend – are focussed on 15 to 18 agreements with important partners, while Trump warned of import tax rates of up to 70% on others. Continue reading...

Politics

1 week ago EU leaders split over tactics as deadline looms for Trump trade talks

With two days of talks left, some want a quick UK-style deal to avert 50% tariffs while others want to play hardballThe EU is entering a crunch week with only two days of talks left to secure a trade deal with Washinton to avert Donald Trump’s threatened 50% tariff on its imports into the US.According to the US treasury secretary, Scott Bessent, on Friday, the negotiations – which continued over the weekend – are focussed on 15 to 18 agreements with important partners, while Trump warned of import tax rates of up to 70% on others. Continue reading...

Politics

1 week ago EU closing in on ‘framework’ trade deal with US to avoid Trump’s 50% tariffs

Diplomats and officials say bloc willing to accept 10% tariffs, but talks may go down to wire before Wednesday deadlineEurope live – latest updatesThe EU and US are closing in on a high-level “framework” trade deal that would avert 50% tariffs on all exports from the bloc next Wednesday, Donald Trump’s self-imposed deadline.Talks in Washington could go down to the wire, but diplomats and officials said the EU was willing to accept Trump’s 10% blanket tariffs. Negotiators will only accept this, however, in exchange for an extension in talks and possible concessions on a 25% car tariff, which is hurting the German car industry, sources said. Continue reading...

Economics

2 w. ago He was the EU’s great Brexit survivor. Can Maroš Šefčovič now pull off a trade deal with Trump?

EU’s longest-serving commissioner faces arguably his sternest test with the clock ticking before 9 July deadlineIn May 2019 Maroš Šefčovič was travelling with Donald Trump and his entourage to a liquefied natural gas export terminal in Hackberry, Louisiana. The then European Commission vice-president in charge of energy had flown with Trump onboard Air Force One, calling his wife as the privilege of a first-time flyer on the presidential plane. Once at the facility, Trump gave a typically rambling speech, in which he name-checked Šefčovič from the stage, pointing into the crowd like a gameshow host: “Maroš, thank you very much. Thank you.”“Of course,” recalled someone familiar with the day, “when Trump pronounced his name it was a bit of a disaster”. But for a top-ranking official of a multilateral organisation, this warm welcome was probably as good as it gets when it comes to the US president. Continue reading...

Politics

2 w. ago The ‘big, beautiful’ trade deal India and US are rushing to seal as tariff deadline looms

Can New Delhi and Washington overcome red lines to strike a trade deal ahead of Donald Trump’s tariff deadline?

Economics

2 w. ago Labour's 'nanny state' plans for curbs on alcohol advertising 'could break US trade deal'

The American drinks industry is said to believe the introduction of advertising restrictions would constitute a non-tariff barrier to trade.

Economics

2 w. ago US narrows trade focus to secure deals before Trump tariff deadline

President’s 90-day pause on reciprocal levies expires on July 9

Economics

2 w. ago US to resume trade talks after Canada ditches tax on tech giants

With digital services tax rescinded, Donald Trump and Mark Carney agree to resume negotiations with a view to agreeing a deal by 21 JulyThe United States has said it will resume trade negotiations with Canada immediately, hours after prime minister Mark Carney’s government abruptly scrapped their digital services tax on US technology companies.On Monday, White House economic adviser Kevin Hassett told Fox News Canada’s decision “absolutely” meant both rides would resume talks. Continue reading...

Politics

2 w. ago Shiploads of cars ready to set sail for US from UK as trade deal kicks in

Makers of Aston Martins and Range Rovers expect high demand but British farmers say they have been used as collateralShiploads of Minis, Aston Martins and Range Rovers will set sail for the US on Monday as the UK-US trade deal kicks in, but British farmers say they have been used as collateral to save the car industry.Auto shipments across the Atlantic were down more than half in May after Donald Trump’s imposition of a 25% tariff on 3 April on top of an existing 2.5% levy. Continue reading...

Economics

2 w. ago As trade deal deadline looms, Trump says he’ll write letters to countries about tariffs: ‘Dear Mr Japan, here’s the story’

President and his administration promised 90 trade deals in 90 days, a deadline that falls on July 8

Economics

2 w. ago Oh, Canada! Trump cuts off all trade talks with US’s northern neighbor citing ‘blatant attack on our country’

President’s fit of pique comes after Canada’s finance department exempted a digital services levy from a Group of Seven agreement on international taxes

Politics

2 w. ago China, U.S. confirm details of their trade deal, Beijing says

China, U.S. confirm details of their trade deal, Beijing says  CNBC

Economics