4 h. ago China chides US over ‘serious negative impact’ of Trump tariffs as trade talks set to begin

China’s vice-premier He Lifeng will meet US treasury secretary Scott Bessent in Switzerland between 9 and 12 MayChina has vowed to “safeguard international fairness and justice” in upcoming talks with the United States in Switzerland, the first meeting between the two countries to discuss trade war that has roiled the global economy since US president Donald Trump unveiled sweeping tariffs last month.China’s vice-premier He Lifeng will meet US treasury secretary Scott Bessent on the sidelines of meetings in Switzerland between 9 and 12 May. US trade representative Jamieson Greer will also attend. Continue reading...

Politics

12 h. ago Handshakes, friendship and ‘never, never, never, never, never’: five takeaways from Carney

In the much anticipated first encounter, a positive tone held despite the Canadian leader’s rebuff against US advancesPerhaps no world leader can ever be completely sure how an encounter with Donald Trump will play out, but Canada’s Mark Carney had grounds to be especially wary before heading to the White House for his first post-election meeting with the US president.For months now, Trump has waged a campaign of diplomatic and commercial intimidation against his northern neighbour, launching a trade war and belittling Carney’s predecessor Justin Trudeau. Continue reading...

Politics

17 h. ago Trump live: Carney heads to White House to meet president amid bitter trade war

Canadian prime minister’s Oval Office test comes a week after being elected on an anti-Trump platform

Politics

20 h. ago Everything Mark Carney has said about Trump ahead of crucial US

Victorious former central bank governor has united Canadians by attacking American counterpart over his ‘51st state’ rhetoric and trade war aggressions

Politics

22 h. ago UK business activity falls for the first time since October 2023 as trade tensions hurt economy, and car sales slide – business live

Rolling coverage of the latest economic and financial newsTrump’s foreign film tariffs could ‘wipe out’ UK movie industry, ministers toldCar sales across the UK fell by over 10% last month, compared to a year ago.New industry data shows that 120,331 new vehicles were registered in April, 10.4% fewer than in April 2024.In what is traditionally a quieter month following the March plate change, volumes were also impacted by the late timing of Easter, resulting in fewer working days.In addition, the implementation of VED changes affecting all new cars, including the Expensive Car Supplement which became applicable to many new EVs from 1 April, pushed transactions into March as shrewd buyers got ahead of the tax increases. Continue reading...

Economics

23 h. ago UK car sales drop 10% in April; Ford predicts $1.5bn profit hit from Trump tariffs – business live

Rolling coverage of the latest economic and financial newsTrump’s foreign film tariffs could ‘wipe out’ UK movie industry, ministers toldCar sales across the UK fell by over 10% last month, compared to a year ago.New industry data shows that 120,331 new vehicles were registered in April, 10.4% fewer than in April 2024.In what is traditionally a quieter month following the March plate change, volumes were also impacted by the late timing of Easter, resulting in fewer working days.In addition, the implementation of VED changes affecting all new cars, including the Expensive Car Supplement which became applicable to many new EVs from 1 April, pushed transactions into March as shrewd buyers got ahead of the tax increases. Continue reading...

Economics

25 h. ago China’s service sector hit by trade war; Ford predicts $1.5bn profit hit from Trump tariffs – business live

Rolling coverage of the latest economic and financial newsTrump’s foreign film tariffs could ‘wipe out’ UK movie industry, ministers toldAmerican children face paying higher prices for Barbie dolls due to the Trump tariffs on imports.Mattel, the toy manufacturing giant, revealed last night that it plan to raise prices on American toys due to tariffs, and is also looking to move some manufacturing out of China.Accelerating diversification of its supply chain and further reducing reliance on China-sourced product,Optimizing product sourcing and product mix, andWhere necessary, taking pricing action in its U.S. business.In an uncertain macro environment that has intensified due to the potential impact of tariffs, we are focused on what we can control.We are improving our supply chain agility, taking decisive cost actions to mitigate financial impact where possible, and ensuring we can continue to serve our customers and consumers. Continue reading...

Economics

28 h. ago European and UK companies lay bare the pain from Trump’s trade war

Executives warn about the challenges facing businesses and the destabilising effect of prolonged uncertainty

Politics

31 h. ago Companies are leaving more jobs unfilled as economic worries hit pause on corporate spending

Trump’s global trade war continues to cause concern about a potential recession

Economics

33 h. ago US shoppers told to brace for ‘shared sacrifice’ amid the wait for Trump trade deals while Europeans shun ‘Made in America’

Markets closed down again Monday as president’s trade war continues

Economics

39 h. ago The Guardian view on Trump’s shock therapy: warehouse and transport workers are the first victims of a class war | Editorial

Behind the slogans and tariffs lies a calculated strategy – fuelled by elite interests, eroding labour rights and stoking global recessionThe White House, eager to win a trade war it barely understands, has yanked the emergency brake on China-US trade without checking who’s inside the vehicle. Donald Trump’s early April trade decree has taken a month to hit the economy – that’s how long Chinese containers need to reach Los Angeles. And on cue, US pacific ports registered a 45% drop in container bookings this week from China. When warehouses fall quiet and trucks idle in California, the silence will creep eastward. Unemployment will surely tick upwards.Even if Washington reverses course by the end of May, and Beijing plays nice, the best-case scenario is delayed damage. Some goods are being rerouted to avoid charges, but you can’t reboot global logistics overnight. This isn’t strategic decoupling – it’s economic self-harm. By the time the Trump administration notices, it will be too ...

Events

45 h. ago Bank of England poised to cut rates as fears grow over impact of Trump tariffs

Markets suggest quarter-point reduction to 4.25% is almost certain but some economists say Bank must go furtherThe Bank of England is poised to cut interest rates on Thursday amid growing concerns over the hit to UK jobs and growth from Donald Trump’s increasingly erratic global trade war.In the Bank’s first intervention since the US president’s “liberation day” tariff policy announcement sent shock waves through the world economy, Threadneedle Street is expected to reduce its key base rate from the current level of 4.5%. Continue reading...

Politics

47 h. ago Trump's trade demands go beyond tariffs to target perceived unfair practices

President Donald Trump's trade war isn't just about tariffs

Politics

48 h. ago Donald Trump hits movies made in the UK with 100% tariffs: Blow to Britain's film industry as President turns up trade war to save 'dying' Hollywood

Incentive programmes for years have influenced where movies are shot, increasingly driving film production out of California and to other states and countries with favourable tax incentives.

Events

52 h. ago ‘Feed the gorilla’: How corporate America fought Trump’s tariffs threat

Threat of a damaging trade war sparked a lobbying campaign by the world’s most powerful business leaders

Politics

67 h. ago How the stock market made back all its losses after Trump escalated the trade war

It felt much longer, but the U_S_ stock market needed just a few weeks to roar all the way back to where it was on President Donald Trump’s “Liberation Day.”

Politics

3 d. ago 'I missed my son's 12th birthday to save Britain's steel industry'

The Manchester Evening News speaks to the man at the centre of the race to save British Steel and deal with Trump's tariffs and a global trade war

Politics

3 d. ago Trump blows off trade war recession fears: ‘Everything’s ok’

President says U.S. economy will undergo ‘transition period’

Politics

3 d. ago Trump’s Truth Social posts make no sense – what do they say about his mentality?

The president’s little used social media platform offers him a forum for his nonstop haranguing and score-settlingNo political leader has used social media quite like Donald Trump. But his recent posts on Truth Social, the social media platform he founded in 2021, have become increasingly bizarre: the president using the lack of scrutiny afforded by the platform’s small user base to truly let loose.In the hundreds of “Truths” since he took office, Trump has variously used Truth Social to reimagine himself as a king and to urge Americans to “BE COOL!” as the stock market tanked in the wake of his trade war, the president’s seemingly random use of capital letters, punctuation and inaccurate spelling consistent across the messages. Continue reading...

Politics

4 d. ago America says it’s Trump’s economy (despite his constant blaming of Biden)

Donald Trump has consistently blamed Joe Biden for the turbulent stock market after the president triggered a global trade war with his tariffs

Politics