34 h. ago Global cost of Trump trade war ‘could reach $1.4tn’; tariff fears hurt UK factories – business live

Rolling coverage of the latest economic and financial news, as UK business secretary warns Britain will be hit by ‘Liberation Day’ tariffsTrump prepares to unveil reciprocal tariffs as markets brace amid trade war fearsTrump’s new tariffs could backfire if they are set too high, explains Mark Haefele, chief investment officer at UBS Global Wealth Management:“Wednesday’s reciprocal tariffs could push the effective tariff rate another 4 percentage points higher. Anything further than that could move tariffs beyond a revenue-raising ‘sweet spot,’ in our view.Globally, the risk of high tariffs disrupting trade and economic activity would potentially offset any US federal revenue gains that the Trump administration seeks to use to further domestic policies.”“It appears tomorrow there’ll be no country in the world exempt from the initial announcements”.I tihnk that our trading relatinship is a very strong, and fair and balanced one, so I don’t think there is the need to do this. Continue ...

Economics

5 d. ago Canadian baseball fans rage against Donald Trump amid tariff war with the USA

In what has become commonplace among the United States' neighbors to the north, Canadian sports fans were once again heard booing the American National Anthem.

Politics

6 d. ago Starmer seeks deal with US to avoid trade war after Trump’s car tariff blow

The Prime Minister said he did not want a ‘trade war’ with the US but that all options remained on the table.

Economics

6 d. ago Flight bookings between Canada and US down 70% amid Trump tariff war

Airline capacity between two countries reduced through October 2025 as high-profile incidents of Ice arrests on riseAirline travel between Canada and the US is “collapsing” amid Donald Trump’s tariff war, with flight bookings between the two countries down by over 70%, newly released data suggests.According to data from the aviation analytics company OAG, airline capacity between Canada and the US has been reduced through October 2025, with the biggest cuts occurring between the months of July and August, which is considered peak travel season. Passenger bookings on Canada to US routes are currently down by over 70% compared to the same period last year. Continue reading...

Politics

8 d. ago Spring Statement news: Trump's mounting tariff war threat to UK economy amid National Insurance rise stand

Watch today’s top business stories in less than two minutes.

Events

8 d. ago Spring statement latest: Bank of England chief calls for economies to ‘come together’ amid Trump’s tariff war

Andrew Bailey speaks ahead of Rachel Reeves’ Spring Statement

Economics

9 d. ago Caught in the middle, this quaint US exclave is grappling with Trump's trade war with Canada

Point Roberts, Washington, is the rare U.S. exclave so dependent on Canada’s goodwill that the strain of Trump’s tariff war is inescapable — in the grocery store, at the pub and for the majority of residents who never voted for the president

Events

2 w. ago ‘We’re ground zero’: Canada steel town is frontline of Trump’s tariff trade war

Mayor of city ‘with steel in its veins’ says ‘There’s a lot of tension a lot of worry’ as 25% export levy kicks inThe sprawling ArcelorMittal Dofasco steel plant in Hamilton, Ontario has in recent months become a site of pilgrimage for Canadian political leaders.Dressed in pristine orange coveralls and hard hats, prime ministers and provincial premiers gaze at coiled sheets of steel with the stern grimaces and keen interest of generals reviewing a military parade. Continue reading...

Politics

2 w. ago Ed Davey calls on Keir Starmer to back Canada against Trump attacks

Lib Dem leader says PM should make public show of support for ally against ‘shocking attacks’ on its sovereigntyThe leader of the UK’s Liberal Democrats has called on the prime minister to publicly support Canada and oppose the “shocking attacks” on Canadian sovereignty, as the Trump administration further escalates its global trade war against longstanding allies.Ed Davey, who leads the third largest political party in the UK, has called on Keir Starmer to travel to Canada in a show of support to the nation’s new prime minister, Mark Carney, as the commonwealth nation faces a generational crisis under Trump’s tariff war and suggestions that the country might become the 51st US state. Continue reading...

Politics

2 w. ago Boycott USA: Trump’s tariff trade war sparks international movement to reject Uncle Sam

Donald Trump’s ‘America First’ tariffs have encouraged some consumers to leave US goods on the shelf

Politics

2 w. ago Trump live updates: Trump threatens 200 percent retaliatory tariff on European alcohol as trade war escalates

President threatens 200 percent tariffs on European wines and champagnes if tax is upped on U.S. whiskey

Events

2 w. ago Keir Starmer shies away from a 'tariff war' with Donald Trump and pins his hopes on a 'prize' trade deal with the US to dodge a fresh economic hit

The Prime Minister admitted he was 'disappointed' that Mr Trump had imposed 25 per cent taxes on imports of steel and aluminium to America.

Economics

2 w. ago China says ‘US should have said big thank you’ over fentanyl crackdown

China accuses Trump of using fentanyl issue to ‘spread all kinds of lies’ against Beijing

Politics

3 w. ago Starmer hints he will hit back at Trump as tariff war intensifies

PM says ‘all options on table’ after MPs urge him to match tough EU stance and Trump White House sources threaten to extract a high price for a trade deal

Events

3 w. ago Voices: How should Britain respond to Trump tariff war? Join The Independent Debate

The UK faces a tough Brexit reality – should it retaliate against Trump’s tariffs like the EU, or does its post-Brexit strategy require a more cautious, diplomatic approach?

Politics

3 w. ago Canada folds to Trump and CANCELS bombshell electricity tariff after president's trade war escalation

Canada folded to President Donald Trump after he vowed the nation would pay an historically big 'financial price' for the electricity tariff it imposed on the United States.

Politics

3 w. ago Australia’s record gold exports to US set back its case for tariff relief as Trump trade war looms

Industries across the country are bracing for the impact of the Trump administration’s worldwide tariff regimeGet our breaking news email, free app or daily news podcastA run on gold in America – fanned by fears of a global trade war – has given Australia its first trade surplus with the US in decades, undermining Australia’s key argument for exemption from Donald Trump’s impending global tariff regime.Australia expects to be included in a comprehensive global tariff regime of 25% on aluminium and steel imports from Wednesday, but which is set to expand to other sectors, such as agriculture and pharmaceuticals, in coming months.Sign up for Guardian Australia’s breaking news email Continue reading...

Politics

3 w. ago Top shipping broker Clarksons says war and Trump tariff fears have hit revenues

Shares in FTSE 250 company fall by nearly a fifth as geopolitical turmoil pushes down freight ratesBusiness live – latest updatesThe world’s biggest ship broker has warned that geopolitical turmoil from war and Donald Trump’s tearing up of US foreign policy have hurt its revenues, sending its share price tumbling by nearly a fifth on Monday.Clarksons, which is listed on London’s FTSE 250 index of mid-sized companies, said the rates charged by shipping companies had dropped since the start of 2025, hit by concerns over the impact of tariffs. Continue reading...

Events

3 w. ago Trump won’t rule out US recession amid tariff trade war confusion in Fox News interview

President won’t deny recession is coming as he says US faces ‘period of transition’

Politics

3 w. ago Why China’s president hasn’t called Trump about US tariff trade war

The leaders of both Canada and Mexico got on the phone with the president to seek solutions - but China appears unlikely to make a similar call soon

Politics