1 hour ago Trump says Federal Reserve should cut rates; Canada initiates WTO dispute over car tariffs – US politics live

US economic council head denies tariffs were part of strategy to pressure Fed to cut interest rates; Canada says measures breach trade agreementsEU ministers are in Luxembourg to consider the European Union’s response to Trump’s sweeping tariff regime amid continuing market turmoil and heightened fears of a global economic recession.It comes after Trump doubled down on his tariff policy in comments aboard Air Force One overnight. He said Europe “has treated us very, very badly,” and “has taken our leaders for a ride”, and declined to hold talks on changing tariffs “unless they pay us a lot of money on a yearly basis”. He also repeated criticism of Europe for not spending a fair share on Nato. Continue reading...

Politics

8 h. ago Trump tariffs live: FTSE opens sharply down after Asian markets plummet over trade fears

US president calls sweeping tariffs ‘medicine’ as fears of global trade war lead investors to ramp up bets on risk of recession

Politics

12 h. ago Trump tariffs live: Asian markets plummet further with Hong Kong stocks down almost 10%

China's yuan slipps to its lowest value since January over Trump tariffs

Politics

13 h. ago Trump reveals his bold response to world leaders who BEGGED for tariff trade deal... as he gives chilling warning to China

The president, 78, told reporters onboard Air Force One that he has spoken to European and Asian leaders since his worldwide tariffs went into effect - devastating the world's stock markets.

Events

16 h. ago Starmer promises ‘bold changes’ to rules over electric cars in response to Trump tariffs

Department for Transport officials said ‘flexibilities’ in electric vehicle targets will help carmakers transition away from petrol engines

Politics

18 h. ago Starmer promises ‘bold changes’ to rules over electric cars in response to Trump’s tariffs

Department for Transport officials said ‘flexibilities’ in electric vehicle targets will help carmakers transition away from petrol engines

Politics

30 h. ago Era of globalisation ‘at an end’, says UK minister, as countries mull tariff responses – live updates

Darren Jones says age of ‘fast-fashion or cheap TVs’ is over and people should be prepared for tougher times to come amid market turmoilStarmer orders economic reset amid Trump’s tariff mayhemDarren Jones, chief secretary to the Treasury, was also interviewed by Sky News’ Trevor Phillips this morning. He said the UK had been “treated differently to the European Union” as a result of Brexit. As a reminder, Trump has imposed a 10% tariff on UK goods but a 20% tariff on EU goods.Asked if the lower 10% tariff imposed by the US was a “Brexit dividend”, the chief secretary to the Treasury said:It is, there’s one. I’ve struggled to find one in the past but there is one we’ve ended up with.It’s good, but what we’re not going to do is pick or trade off the United States or the European Union.People should be prepared for things to be tougher in the global economy.Globalisation has “come to an end” in the wake of the new tariffs. Asked if the era of “cheap fast-fashion or cheap TVs” was over,...

Politics

51 h. ago Corporate America fears wrath of Trump as it mulls tariffs response

Executives unsure how far to go in re-engineering their businesses and hope they can lobby US president to ease policies

Politics

63 h. ago Let's take a breath: Definitely not 'happy' Starmer embarks on diplomatic mission to talk allies out of any big retaliations over tariffs

The Prime Minister last night began a flurry of diplomatic calls designed to coordinate responses to President Trump's 'Liberation Day' announcement on tariffs

Politics

3 d. ago Stock markets expected to continue plunge as investors fear impact of Trump’s tariffs and China’s response

Friday’s stock market comes after a historically bad day as investors react to Trump’s tariff plan

Economics

3 d. ago Starmer to hold talks with other global leaders to discuss response to Trump tariffs, says No 10 – UK politics live

UK prime minister to speak to international leaders this weekend to ‘maintain stability and strengthen our partnerships abroad’Trump claims Starmer ‘very happy’ about tariffsDowning Street has refused to confirm President Trump’s claim that Keir Starmer was “very happy” about the treatment the UK is getting under the new US global tariff regime. (See 9.32am.) Asked about the president’s words at the morning lobby briefing, the PM’s spokesperson said that the government had already set out its position yesterday and that it was “disappointed” by the US tariff policy.Livia Tossici-Bolt has been sentenced at Poole magistrates’ court to a conditional discharge for two years for two charges of breaching a “buffer zone” outside an abortion clinic in Bournemouth, PA Media reports. See 11.22am. Continue reading...

Politics

3 d. ago China launches major trade war response with 34% additional tariffs on US goods in retaliation for Trump's 34% levy

Beijing announced the measure today, igniting a major trade war between the two global economies. The latest wave of tariffs are in addition to the existing tariffs already imposed on US goods.

Politics

3 d. ago UK 'negotiating intensively' for US tariffs deal as Government considers response

Britain’s top stocks slid further in value on Friday morning

Economics

3 d. ago JCB is the first big British firm planning to boost production in the US in response to Trump's tariffs

JCB has become the first major British manufacturer to say it will bolster its US operations in response to Donald Trump's tariffs.

Politics

3 d. ago UK Government mulls response to Trumps tariffs as global markets slide

The UK has drawn up an ‘indicative list’ of possible retaliatory tariffs, but is unlikely to hit back this month.

Politics

3 d. ago Trump gives stunning response to Wall Street bloodbath as his tariffs cause biggest stock drop since Covid crash

Wall Street was shell shocked Thursday after the biggest stock market rout since Covid/ Trump's tariffs sparked fears of a US and global recession.

Events

3 d. ago Trump gives stunning response to Wall Street bloodbath caused by his tariffs

Stock markets plunged Thursday after President Donald Trump's historic tariff announcement, sparking fears of a US  and global recession. 

Politics

4 d. ago Britain braces for Trump trade war as list of US products that could be hit with retaliatory tariffs is released

Business Secretary Jonathan Reynolds says: ‘We will seek the views of UK stakeholders...on products that could potentially be included in any UK tariff response’

Events

4 d. ago Trump live: Apple stocks tumble in response to ‘Liberation Day’ as senior Republicans speak out on tariffs

President Trump says he will impose blanket tariffs on all countries with ‘worst offenders’ including China and Europe facing much higher rates

Politics

4 d. ago PM: US tariffs will ‘clearly’ have economic impact but ‘calm’ response needed

A 10% tariff on US imports of UK goods has been revealed by Donald Trump.

Economics