58 m. ago Trump promises there will be ‘no change’ to his August 1 tariffs start

Donald Trump has repeatedly backed off from imposing the sweeping import taxes after stock and bond market downturns

Politics

81 m. ago Trump is bullying Canada over ‘digital taxes’ and Canada caved | Joseph Stiglitz

The question now: will countries cave in to these threats or stick together and collect the billions they are rightly owed?Donald Trump’s announcement calling off trade talks with Canada over its digital tax – and that he would impose retaliatory tariffs – demonstrates, once again, not only the president’s ignorance of economics and willful disregard of international norms and the rule of law, but also his willingness to use brute power to get whatever he and the oligarchs who support him want.He was wrong in labeling the tax as outrageous and “a direct and blatant attack on our country”. It is actually an efficient tax, well designed to ensure that the technology companies – the profits of which benefit the tech oligarchs who have come to dominate US policy – pay their fair share of taxes.Joseph E Stiglitz is a Nobel laureate in economics, university professor at Columbia University and chief economist of the Roosevelt InstituteAnya Schiffrin, senior lecturer at Columbia University...

Politics

4 h. ago Macron state visit live: King and Queen welcome French president and wife Brigitte with Windsor parade

Emmanuel and Brigitte Macron were greeted by the Prince and Princess of Wales at RAF Northolt

Politics

8 h. ago Relief for UK steel industry as Trump delays ramping up tariffs to 50% AGAIN

Donald Trump has extended the deadline for increasing levies on global imports from 25 per cent to 50 per cent.

Politics

9 h. ago China threatens retaliation for Trump tariffs as Rubio starts first Asia trip

China has warned US president Donald Trump against reigniting trade tensions by reimposing tariffs on Chinese goods and threatened retaliation against countries siding with Washington at Beijing’s expense.

Politics

10 h. ago What is going on with Trump’s tariffs? All you need to know as trade deal deadline delayed again

Stock market volatility and costs to small businesses are just two of the knock-on effects from the tariffs

Economics

20 h. ago Trump’s moving goalposts on tariffs show how hard it will be to win his trade war

It turns out getting 90 deals in 90 days is harder than making almost every Republican bend the knee, Eric Garcia writes

Politics

23 h. ago Trump slaps 25% tariffs on Japan and South Korea in big gamble as deadline to price spike 'doomsday' approaches

President Donald Trump hammered Japan and South Korea for running up a trade imbalance with the U.S., declaring both countries will be slapped with a new 25 percent tariff starting August 1.

Politics

33 h. ago Business news live: Trump delays end of trade tariff pause and surprise June house prices data

Stock markets updates and business news from Monday

Economics

45 h. ago Scott Bessent spars with CNN host over whether Trump’s tariffs count as trade deals

Treasury secretary tweaks Elon Musk’s unpopularity while defending Trump’s tariff strategy ahead of looming deadline

Economics

50 h. ago EU locked in Trump trade talks as ‘Liberation Day’ tariff deadline looms

The US president’s pause on the imposition of his ‘Liberation Day’ tariffs ends on Wednesday

Politics

51 h. ago EU leaders race to secure a deal as deadline looms in Trump trade talks

There are just two days of talks left before the US president’s potentially swingeing tariffs are restoredThe EU is entering a crunch week with only two days of talks left to secure a trade deal with Washinton to avert Donald Trump’s threatened 50% tariff on its imports into the US.According to the US treasury secretary, Scott Bessent, on Friday, the negotiations – which continued over the weekend – are focussed on 15 to 18 agreements with important partners, while Trump warned of import tax rates of up to 70% on others. Continue reading...

Politics

52 h. ago EU leaders split over tactics as deadline looms for Trump trade talks

With two days of talks left, some want a quick UK-style deal to avert 50% tariffs while others want to play hardballThe EU is entering a crunch week with only two days of talks left to secure a trade deal with Washinton to avert Donald Trump’s threatened 50% tariff on its imports into the US.According to the US treasury secretary, Scott Bessent, on Friday, the negotiations – which continued over the weekend – are focussed on 15 to 18 agreements with important partners, while Trump warned of import tax rates of up to 70% on others. Continue reading...

Politics

55 h. ago US tariffs on European goods threaten to shake up the world's largest 2

America’s largest trade partner is awaiting word on whether U.S. President Donald Trump will impose punishing tariffs on its goods

Events

3 d. ago Here we go again: latest Trump tariff deadline looms amid inflation concerns

US is on the brink of launching a trade assault on dozens of countries as 90-day pause on tariffs is set to end on 9 JulyWhen Donald Trump unveiled his “liberation day” tariffs in the spring, only to pull the plug days later as panic tore through global markets, his officials scrambled to present the climbdown as temporary.Three months of frenetic talks would enable the Trump administration to strike dozens of trade agreements with countries across the world, they claimed. “We’re going to run,” the White House trade adviser Peter Navarro told Fox Business Network. “Ninety deals in 90 days is possible.” Continue reading...

Economics

3 d. ago Trump threatens 17% tariffs on food and farm produce exports from Europe

EU says it ‘favours a negotiated solution’ but is prepared for potential trade war with retaliatory dutiesDonald Trump threatened to impose 17% tariffs on food and farm produce exports from Europe during talks in Washington this week, it has emerged.Such tariffs would hit everything from Belgian chocolate to Kerrygold butter from Ireland and olive oil from Italy, Spain and France, all big sellers in the US. Continue reading...

Politics

4 d. ago China warns Trump’s tariff war will have ‘no winners’ as deadline looms

Beijing hopes Washington will continue to meet it halfway

Events

4 d. ago Trump to step up tariff pressure with letters to trade partners on new rates

US president appears to be losing patience, with only two deals agreed ahead of July 9 deadline

Politics

4 d. ago Japan walks line between recession and submission as it seeks to overcome Trump tariffs

Japanese negotiators have just days before the end of Trump’s 90-day pause on punishing tariffs to pull off a breakthroughIt all seemed to be going so well. In April, Japan’s chief trade negotiator, Ryosei Akazawa, sat opposite Donald Trump in the Oval Office after “positive and constructive” talks, sporting a Maga baseball cap and giving a thumbs up for the cameras.Japan’s economic revitalisation minister drew criticism back home for the gesture, forcing him to insist there was “no political significance” behind it. But the backdrop to the offending photo was far more significant than the uncomfortable optics. Continue reading...

Politics

5 d. ago EU closing in on ‘framework’ trade deal with US to avoid Trump’s 50% tariffs

Diplomats and officials say bloc willing to accept 10% tariffs, but talks may go down to wire before Wednesday deadlineEurope live – latest updatesThe EU and US are closing in on a high-level “framework” trade deal that would avert 50% tariffs on all exports from the bloc next Wednesday, Donald Trump’s self-imposed deadline.Talks in Washington could go down to the wire, but diplomats and officials said the EU was willing to accept Trump’s 10% blanket tariffs. Negotiators will only accept this, however, in exchange for an extension in talks and possible concessions on a 25% car tariff, which is hurting the German car industry, sources said. Continue reading...

Economics