9 h. ago Here’s one key thing you should know about Trump’s shock to the world economy: it could work | James Meadway

It’s hard to say if the president truly knows what he’s doing. But there is a precedent for the US causing short-term chaos and reaping long-term gainIt’s less than a week since Donald Trump’s sensational announcement that he was unilaterally ending the world’s trading system with the imposition of a 10% minimum tariff for trading with the US – and a very much higher rate for those countries unfortunate enough to have the US as a major export partner. Long-term allies such as Japan and South Korea have been hammered with tariffs of around 25%, while export-dependent poorer countries such as Vietnam, which sells about a third of its exports to the US, have been hit with tariffs in excess of 45%. A further round of global debt crises is possible as heavily indebted countries face the sudden loss of export earnings.Global stock markets have tumbled as panicked investors dump shares, and political condemnation has been near-universal. China has already retaliated with 34% tariffs, threa...

Politics

14 h. ago Global stocks tumble as Donald Trump offers no respite from tariffs

Asian and European indices and US futures fall after worst week for Wall Street equities since pandemic

Politics

24 h. ago Global stocks tumble as Trump offers no respite from tariffs

Declines come after the worst week for Wall Street equities since the pandemic

Politics

26 h. ago US stock futures tumble as officials offer no respite from tariffs

Declines come after the worst week for Wall Street equities since the pandemic

Politics

3 d. ago Downing Street says Trump’s tariffs signal ‘new era’ in global economics

No 10 says US president’s decision is ‘disappointing’, as experts warn UK may have to raise taxes in autumnUK politics live – latest updatesDonald Trump’s tariffs signal a new global economic era, Downing Street has said, as economists warn the British government is likely to have to raise taxes in response.No 10 said on Friday the prime minister believed that this week’s trade announcement by the US president, which has started a global trade war and sent stock markets tumbling, marked a turning point in history. Continue reading...

Economics

4 d. ago US stock markets tumble as investors shaken by Trump tariffs

Dollar hits six-month low after president announces sweeping tariffs on US’s largest trade partnersTrump condemned as global markets tumble – live updatesUS stock markets tumbled on Thursday as investors parsed the sweeping change in global trading following Donald Trump’s announcement of a barrage of tariffs on the country’s trading partners.All three major US index funds were down as trading started on Thursday morning. The tech-heavy Nasdaq fund was down 4.5%, while S&P 500 and the Dow dropped 3.4% and 2.7% at opening, respectively. Continue reading...

Economics

4 d. ago Stock markets tumble around the world on fears of brutal global trade war

Stock market tumbles in London but European bourses suffer bigger falls

Events

2 w. ago BBC staff offered counselling to help them to cope with Donald Trump 'concerns'

Donald Trump has not wasted time since returning to the White House as US President, with live TV interviews and executive orders being made almost daily (so it feels like)

Politics

2 w. ago Trump makes stunning promise to NASA astronauts Suni Williams and Butch Wilmore

President Donald Trump has made a stunning offer to NASA's formerly stranded astronauts just days after they returned to Earth. The pair logged a total of 286 days in space.

Politics

2 w. ago Trump stunningly agrees U.S. will become 'associate member' of the Commonwealth: 'I love King Charles'

President Donald Trump on Friday indicated he would accept an offer from King Charles to join the British Commonwealth.

Politics

2 w. ago Exposed: Secret offer King Charles is planning to make to Donald Trump that would make America ROYAL again

When Sir Keir Starmer delivered a letter from King Charles to Donald Trump at the White House last month, the American President said the monarch was a 'beautiful man, a wonderful man'.

Politics

2 w. ago Exposed: Secret offer King Charles could make to Donald Trump that would make America ROYAL again

When Sir Keir Starmer delivered a letter from King Charles to Donald Trump at the White House last month, the American President said the monarch was a 'beautiful man, a wonderful man'.

Politics

3 w. ago Donald Trump 'offers his bed to another woman on private jet and warns "don't tell Melania"'

US President Donald Trump reportedly told then pregnant Representative Anna Luna: "If you need a bed to lay down in, there's one here on the plane. If you feel sick and you need to lay there, you can lay on it. Just don't tell Melania"

Events