4 h. ago The Guardian view on Donald Trump’s industrial policy: inward turn by ultimatum | Editorial

The US is retreating behind chokepoints and tariffs. It remains determined to invent the future but is struggling to ensure its control Globalisation is out; reshoring is the new realism. Intel’s half-built Ohio campus and Nvidia’s US supercomputer plan demonstrate the very different routes taken by Joe Biden and Donald Trump in the search for homegrown tech dominance. Mr Biden relied on institutions: grants, land and investment incentives. That approach has stalled after last year’s election, rendering Intel’s plant idle. Mr Trump prefers court politics: flattery, pressure and tariff threats. Nvidia’s move seems driven less by design than executive ultimatum. Industrial strategy lives on – but, and this is a concern, increasingly through presidential menace, not policy.There’s another important message in the Nvidia announcement. In an era where ideas spread freely, power lies not in invention but in chokepoints, such as artificial intelligence supercomputer fabrication, that deter...

Events

8 h. ago US tariffs explained: what they are, how they work and who they affect

President Trump’s tariff plan, which included a 10% charge on imports from the UK, has shaken the world’s financial markets

Economics

10 h. ago SYLVIA MORRIS: Top savings deals vanish after Trump's tariffs as I predicted

Following US President Donald Trump's tariff announcements, top savings rates disappeared in a flash - which is as I anticipated. Now, here's my advice on which rates to bank while you still can.

Economics

10 h. ago Gavin Newsom launches new campaign to encourage Canadians to visit California in Trump tariff dig: ‘Don’t let him ruin your beach plans’

California governor Gavin Newsom has launched a new international campaign with Visit California to encourage a "strong tourism partnership" between the state and Canada.

Politics

10 h. ago US’s $2.36tn tourism business fears ‘Trump slump’ over tariff turmoil

Warnings emerge even as effect of economic and political turbulence on the foreign visitors to the US is hard to defineBatman said business was so-so, and King Kong beat his chest in agreement. But neither could predict that it would improve. Gotham’s caped crusader and his muscular ape neighbour could only hope. As with Times Square’s superhero-themed visitor-photography business last week, so it is with the US tourism business at large.The effect of economic and political turbulence on the number of foreign visitors coming to the US is for now hard to define. But both – whether through tariffs, currency exchange chaos, or fears over political ill-winds – are sending chills through the $2.36tn business, the world’s most powerful travel and tourism market. Continue reading...

Economics

11 h. ago SYLVIA MORRIS says: Top savings deals are vanishing after Trump's tariffs just as I predicted

Following US President Donald Trump's tariff announcements, top savings rates disappeared in a flash - which is as I anticipated. Now, here's my advice on which rates to bank while you still can.

Economics

12 h. ago Trump’s tariffs are reckless – but they hold a key lesson for Democrats | David Sirota

There is a middle ground on tariffs. But Democrats’ free-trade advocacy allows Trump to play the populistTo tariff or not to tariff? Today’s tweet-length political discourse pretends this is a binary choice. Donald Trump has pitched across-the-board import levies as a panacea to rebuild American manufacturing, while Democrats insist the president’s proposals are an attempt to crash the economy, and that their party should tout its opposition to all tariffs.But neither the policy nor politics of this moment are that neat and simple. While too few or too many tariffs can destroy economies, there is a Goldilocks zone that’s just right. It’s just being omitted from the conversation. Continue reading...

Politics

15 h. ago Anthony Albanese backs Australian cafe owner in Canada over reported Vegemite stoush with local authorities

Australian PM says dispute over added vitamins in breakfast spread is ‘rather odd’ given Canada accepts shipments of UK’s MarmiteElection 2025 live updates: Australia federal election campaignGet our afternoon election email, free app or daily news podcastAs the Trump administration’s tariff regime dominates headlines, Australia and Canada have become entangled in their own mini trade stand-off.Australia’s prime minister, Anthony Albanese, on Tuesday threw his support behind a cafe owner in Toronto who was reportedly in a dispute with the Canadian Food Inspection Agency (CFIA) over importing Vegemite.Sign up for the Afternoon Update: Election 2025 email newsletter Continue reading...

Culture

19 h. ago Trump's erratic tariff decisions raise concerns about his mental stability

As Donald Trump's recent tariffs continue to rock the financial markets, concerns have been raised about the US President's 'irrational' behaviour with some even dubbing him 'insane'

Politics

21 h. ago Marjorie Taylor Greene's huge stock buy the day before Trump's tariff U

Marjorie Taylor Greene has admitted to purchasing between tens and hundreds of thousands of dollars worth of stock the day before and the day of Donald Trump's tariff pause.

Politics

25 h. ago Trump launches a queasy market on a wild tariff rollercoaster ride

Analysis: Trump’s constant tariff changes are keeping the world and economy off balance, warns Eric Garcia

Politics

25 h. ago Trump launches queasy market on a wild tariff rollercoaster ride

Analysis: Trump’s constant tariff changes are keeping the world and economy off balance, warns Eric Garcia

Politics

26 h. ago Risky corporate borrowers shut out of bond market since Trump’s tariff blitz

Slowdown in high-yield bond market issuance threatens a tentative rebound in dealmaking

Politics

28 h. ago Cory Booker calls for insider trading hearings after Trump’s tariff backtrack

‘Not to have hearings, not to do any kind of oversight, undermines the faith we have in our government,’ senator says

Politics

31 h. ago Trump says he's prepping for 'war' with China as he takes HUGE economic gamble angering Xi Jinping

President Donald Trump gave another justification for his tariff hikes.

Politics

32 h. ago ‘Severe strain’ on tech supply chains will cause more price rises in electronics

Experts say the ongoing uncertainty around Donald Trump’s tariff policy is forcing firms to put prices up – as Sony announced PS5 price rises.

Science

37 h. ago FTSE and global markets bounce back after Trump’s tech tariff reprieve

Investors welcomed a carve-out benefiting companies such as Apple – but White House officials have downplayed the exemptions

Politics

38 h. ago FTSE 100 surges and global markets rise after Trump’s tech tariff reprieve

Investors welcomed a carve-out benefiting companies such as Apple, despite White House officials downplaying the significance of the exemptions.

Politics

38 h. ago ‘The sky won’t fall’: China plays down Trump tariff risks as stock markets rally

Chinese customs official says trade has diversified away from US in recent years and plays up its ‘vast domestic market’Business live – latest updatesChina has played down the risk of damage to its exports from Donald Trump’s tariffs, with an official saying the “the sky won’t fall”, as stock markets rose on Monday amid signs of a retreat on electronics restrictions.The world’s second-largest economy has diversified its trade away from the US in recent years, according to Lyu Daliang, a customs administration spokesperson, in comments reported by state-owned agency Xinhua. Continue reading...

Politics

39 h. ago Stock markets rise on signs of Trump tariff retreat; British Steel races to keep furnaces burning – business live

Chinese exports jump as official says ‘the sky won’t fall,’ despite warning from US officials that smartphone and laptop exemption from import tariffs on China will be short-livedMatt Britzman, senior equity analyst at Hargreaves Lansdown, said:Just when it seemed the tariff chaos couldn’t get any worse, tech investors have spent the weekend scrambling to make sense of a whirlwind of confusing - and at times contradictory - messages coming out of the White House. Despite the drama, European markets have taken an easing stance on US tech components as a positive in a broad-based rally this morning, with the FTSE 100 up 1.5% in early trading.This time, it’s chips, smartphones, and other tech components taking centre stage. While there were early signs on Friday night that some broad exemptions might be in play, it turns out tariffs are still very much on the table. But here’s the twist: despite the messy rollout, what’s caught investors’ attention is the news that these products won’t...

Economics