2 h. ago Donald Trump's threaten brutal Apple goods tariff unless he gets iPhones pledge

Donald Trump has threatened Apple and the EU with extreme tariffs, as the Orange manbaby once again throws his toys out of the pram over the response to his hefty economic measures

Politics

4 h. ago Trump threatens Apple and Samsung with 25% tariff on devices

US president says new levy on iPhones and other handsets could apply from the end of June

Politics

4 h. ago Trump says Samsung and other smartphone manufacturers will also be subject to 25% Apple tariff – business live

US president says 50% tariff on EU goods to come in 1 June; Apple iPhones and those of other manufacturers made overseas to face 25% tariffTrump says he is hitting EU with 50% tariff as trade talks are ‘going nowhere’As well as cutting UK energy costs (see earlier), Donald Trump can also take credit for growing the German economy!New GDP data this morning shows that Germany’s GDP rose by 0.4% in January-March, twice as fast as the first estimate of 0.2% growth in the quarter.“The reason for the slightly higher growth compared to the initial estimate was the surprisingly positive economic development in March.”“In particular, production in the manufacturing sector and exports performed better than initially expected.The German economy had its best quarterly performance since the third quarter of 2022, and the reason for it seems to be Donald Trump. As a result of the announced tariffs and in anticipation of ‘Liberation Day,’ German industrial production and exports surged in March.Ne...

Economics

5 h. ago European markets suffer losses after Trump ‘recommends’ 50% tariff on EU, and threatens Apple with 25% tariff – business live

US president Donald Trump reignites trade war with threat to impose high tariffs on European goods, and Apple iPhones made overseasTrump says he is hitting EU with 50% tariff as trade talks are ‘going nowhere’As well as cutting UK energy costs (see earlier), Donald Trump can also take credit for growing the German economy!New GDP data this morning shows that Germany’s GDP rose by 0.4% in January-March, twice as fast as the first estimate of 0.2% growth in the quarter.“The reason for the slightly higher growth compared to the initial estimate was the surprisingly positive economic development in March.”“In particular, production in the manufacturing sector and exports performed better than initially expected.The German economy had its best quarterly performance since the third quarter of 2022, and the reason for it seems to be Donald Trump. As a result of the announced tariffs and in anticipation of ‘Liberation Day,’ German industrial production and exports surged in March.Net export...

Economics

8 h. ago Trump threatens 25% tariff on Apple and Samsung phones not made in US

Announcement wipes about $70bn off Apple shares amid pressure on company to build smartphones in USBusiness live – latest updatesDonald Trump has threatened to impose a 25% tariff on iPhones if they are not made in the United States, as he stepped up the pressure on Apple to build its signature product in the country.The president wiped approximately $70bn (£52bn) off the company’s shares with a post on the Truth Social platform that said iPhones sold inside the US must be made within the country’s borders. Continue reading...

Politics

9 h. ago Ukraine’s Zelenskyy confirms major prisoner swap with Russia – Europe live

The first stage of a major prison swap between Ukraine and Russia has taken place in Turkey, with 390 people released todayFor more coverage of Trump’s tariffs threats – which also include a warning that Apple must pay a 25% tariff unless it manufactures its iPhones in the US – follow our business live blog here:US president Donald Trump has just called the EU “very difficult to deal with,” lamenting the bloc’s “powerful Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against American Companies, and more” (original capitalisation!).“Our discussions with them are going nowhere! Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025. Continue reading...

Events

10 h. ago Trump says he is hitting EU with 50% tariff as trade talks are ‘going nowhere’

President says EU imports to US will be subject to levy from 1 June as markets slump in reaction to ‘major escalation’Business live – latest updatesDonald Trump has said he will impose a 50% tariff on all EU imports to the US from 1 June after saying trade talks between the two trading blocs were “going nowhere”.In a surprise announcement, the US president posted on his Truth Social platform that his long-running battle to secure concessions from the EU had run aground. Continue reading...

Politics

11 h. ago Trump ‘recommending’ 50% tariff on EU, and threatens Apple with 25% tariff – business live

US president Donald Trump reignites trade war with threat to impose high tariffs on European goods, and Apple iPhones made overseasTypical energy bill in Great Britain to fall 7% to £1,720 a year from JulyAs well as cutting UK energy costs (see earlier), Donald Trump can also take credit for growing the German economy!New GDP data this morning shows that Germany’s GDP rose by 0.4% in January-March, twice as fast as the first estimate of 0.2% growth in the quarter.“The reason for the slightly higher growth compared to the initial estimate was the surprisingly positive economic development in March.”“In particular, production in the manufacturing sector and exports performed better than initially expected.The German economy had its best quarterly performance since the third quarter of 2022, and the reason for it seems to be Donald Trump. As a result of the announced tariffs and in anticipation of ‘Liberation Day,’ German industrial production and exports surged in March.Net exports an...

Politics

11 h. ago Trump threatens 25% tariff on Apple iPhones and 50% on EU products starting June 1

President Donald Trump has threatened to impose a 50 percent import tax on anything brought into the U.S. from the European Union and is warning that he will unilaterally slap a 25 percent tariff on any Apple products unless the most valuable technology company in the United States begins manufacturing iPhones inside the country.

Politics

11 h. ago Trump threatens tariffs on beloved iPhones as he chews out Apple's Tim Cook: Live updates

Donald Trump is tearing into Apple and threatening a new 25 percent tariff on iPhones if the company does not manufacture the product in the U.S.

Politics

14 h. ago FTSE 100 Live 23 May: Sterling higher after retail surprise, energy bills fall

Household energy bills will fall by 7% from July after the latest energy price cap was revealed by Ofgem today.

Science

15 h. ago FTSE 100 Live 23 May: Food sales drive retail surprise, energy bills fall

Household energy bills will fall by 7% from July after the latest energy price cap was revealed by Ofgem today.

Society

63 h. ago FTSE 100 Live 21 May: M&S braced for £300m cyber attack hit, inflation surges

Marks & Spencer has revealed that disruption from a “highly sophisticated” cyber attack last month is expected to continue through to July.

Economics

63 h. ago FTSE 100 Live 21 May: Inflation surges, M&S reveals cyber attack profit hit

Marks & Spencer has revealed that disruption from a “highly sophisticated” cyber attack last month is expected to continue through to July.

Economics

3 d. ago Reeves eyes Gulf trade pact as ‘next deal,’ Bank of England’s Pill says pace of interest rate cuts ‘too rapid’ – business live

China and Australia cut interest rates; Shell faces protests calling for clean-up in Niger DeltaHere’s our full story on Greggs.Sales at Greggs have picked up after the UK’s biggest bakery chain branched out into iced drinks, pizza boxes and a macaroni cheese that has gone viral on social media.These are important issues and we respect the right of people to express their view. But for many years the vast majority of spills in the Niger Delta have been caused by third parties acting unlawfully, such as oil thieves who drill holes in pipelines, or saboteurs.These challenges are managed by a joint venture which Shell’s former Nigerian subsidiary, SPDC, operated, cleaning up every spill from the joint venture’s facilities. Continue reading...

Economics

3 d. ago Reeves eyes Gulf trade pact as UK government’s ‘next deal’ after EU summit – business live

China’s and Australia’s central banks cut interest ratesRachel Reeves said the UK government is closing in on a trade pact with six Gulf nations, including Qatar and Saudi Arabia, as its next major deal.The chancellor told the BBC the agreement would be the government’s “next deal” as it looks to boost trade ties following Brexit.Britain is in a better place than any other country in the world in terms of deals with those countries.The first deal and the best deal so far with the US, we’ve got the best deal with the EU for any country outside the EU, and we’ve got the best trade agreement with India.We are not going to litigate old arguments, we are going to go forward in the spirit of what we do together, we do better.This deal will mean Britain becoming a rule-taker, accepting dynamic alignment, giving up fishing rights and paying new money to the EU. Nobody has lost more than the fishermen. Continue reading...

Politics

4 d. ago Stock markets drop and bond yields rise after US credit rating downgrade; EC cuts eurozone growth forecast – business live

Rolling coverage of the latest economic and financial newsUS credit rating downgrade could add to pressure on government debtEconomic risks are weighing on the US dollar today, reports Susannah Streeter, head of money and markets at Hargreaves Lansdown:‘’Like a long weekend hangover, a headache of worry is seeping into sentiment today. The FTSE 100 has opened lower, as investors mull over the downgrading of the US sovereign credit rating on Friday.Moody’s stripped the US of its triple-A rating, citing the growing US fiscal deficit, and the higher borrowing costs the administration will be forced to pay. Given the pledge by Trump to cut taxes, it’s feared the situation could deteriorate further. More of a sombre mood is expected on Wall Street when trading opens later, with futures indicating falls of around 1% for the S&P 500 and 1.3% for the Nasdaq. Continue reading...

Economics

4 d. ago Stock markets drop and bond yields rise after US credit rating downgraded by Moody’s – business live

Rolling coverage of the latest economic and financial newsUS credit rating downgrade could add to pressure on government debtEconomic risks are weighing on the US dollar today, reports Susannah Streeter, head of money and markets at Hargreaves Lansdown:‘’Like a long weekend hangover, a headache of worry is seeping into sentiment today. The FTSE 100 has opened lower, as investors mull over the downgrading of the US sovereign credit rating on Friday.Moody’s stripped the US of its triple-A rating, citing the growing US fiscal deficit, and the higher borrowing costs the administration will be forced to pay. Given the pledge by Trump to cut taxes, it’s feared the situation could deteriorate further. More of a sombre mood is expected on Wall Street when trading opens later, with futures indicating falls of around 1% for the S&P 500 and 1.3% for the Nasdaq. Continue reading...

Economics

4 d. ago Stock markets drop after US credit rating downgraded by Moody’s – business live

Rolling coverage of the latest economic and financial newsUS credit rating downgrade could add to pressure on government debtEuropean stock markets have opened a little lower, despite reports of a last-minute breakthrough in talks between the UK and EU over a significant reset to post-Brexit relations.In London, the FTSE 100 share index has dropped by 38 points, or 0.45%, at 8646 points. Continue reading...

Economics

7 d. ago Live updates: Trump wraps up Mideast tour, meet business leaders, visit interfaith place of worship

President Donald Trump wraps up a Mideast tour in the United Arab Emirates with a breakfast for business leaders and a visit to an interfaith place of worship named for the Abraham Accords he negotiated

Politics