11 h. ago Interest rate cuts might not be 'rapid' due to 'sticky' inflation, Bank of England chiefs warn as they highlight 'substantial' risks from Trump's trade war

Giving evidence to MPs, the Bank's chief economist Huw Pill warned interest rates might not fall as fast as hopes because there is still 'more work to do' to tackle price pressures.

Events

15 h. ago China warns it’s prepared for ‘any type of war’ with US in response to Trump tariffs

Livid China warns US against intimidation and bullying

Events

16 h. ago Trump’s tariffs will harm UK and lead to higher inflation, admits Rachel Reeves

US president facing retaliation from Canada and China after imposing long threatened tax on goods amid fears of a global trade war

Economics

18 h. ago China warns it is prepared for ‘any type of war’ with US in response to Trump tariffs

Livid China warns US against intimidation and bullying

Events

31 h. ago Trump’s Tariffs and retailers’ warnings: The truth behind the US economy and whether a recession is coming

The economy under Trump’s first month in office is not what he promised on the campaign trail and it looks to be an uncertain year for the average American, economists told The Independent

Events

32 h. ago Trump slams ‘Governor Trudeau of Canada’ in escalating tariff trade war that caused market plunge: Live

President’s trade aggressions cause further unease after he suspends American aid for Ukraine

Politics

32 h. ago Trudeau condemns ‘dumb’ Trump trade war as Canada strikes back with tariffs

Canada’s prime minister says the US president wants to usher in the ‘complete collapse’ of the Canadian economyJustin Trudeau has claimed the aim of a “dumb” trade war launched by Donald Trump is to usher in the “complete collapse” of the Canadian economy and make it easier for the United States to annex Canada.Speaking hours after the US slapped 25% taxes on Canadian and Mexican goods – and a 10% levy on Canadian energy exports – the prime minister announced retaliatory tariffs on US exports and said his country would remain defiant against the aggression. Continue reading...

Events

33 h. ago Furious Justin Trudeau calls Donald Trump's tariffs 'dumb' and vows to escalate trade war

Canadian Prime Minister Justin Trudeau delivered a strong rebuke of President Donald Trump's decision to level punishing tariffs on their country.

Politics

33 h. ago Trump’s tariffs will harm UK even if we’re exempt, admits Rachel Reeves

US president facing retaliation from Canada and China after imposing long threatened tax on goods amid fears of a global trade war

Politics

36 h. ago Watch live: Justin Trudeau announces Canada’s response to Donald Trump’s tariffs

Watch live as Canadian prime minister Justin Trudeau announces his country’s response to Donald Trump’s imposed tariffs.

Politics

36 h. ago China vows to fight Trump’s trade war ‘to the bitter end’ with new retaliatory tariffs on American goods

China accounted for 17 per cent of American agricultural exports in 2023

Politics

37 h. ago Major US retailers warn Americans will pay more because of Trump’s trade war with top partners, report says – live

CEOs of Best Buy and Target say shoppers are likely to see rising prices, CNBC reports, after Trump tariffs hit Canada, Mexico and ChinaChina and Canada retaliate after Trump trade tariffs take effectDonald Trump has threatened to cut off funding to universities that allow “illegal protests”, and expel or deport students involved.Writing on Truth Social, the president said:All Federal Funding will STOP for any College, School, or University that allows illegal protests. Agitators will be imprisoned/or permanently sent back to the country from which they came. American students will be permanently expelled or, depending on on the crime, arrested. NO MASKS! Thank you for your attention to this matter.This is absurdly dishonest.I don’t even mention the UK or France in the clip, both of whom have fought bravely alongside the US over the last 20 years, and beyond.But let’s be direct: there are many countries who are volunteering (privately or publicly) support who have neither the battle...

Events

55 h. ago Trump says ‘no room left’ for deal that avoids tariffs on Mexico and Canada

Announcement leads to sharp sell-off on Wall Street as Trump also vows tariffs on farm products starting in AprilThe US will press ahead with steep tariffs on Canada and Mexico from Tuesday, Donald Trump has said, setting the stage for a trade war with his country’s two largest economic partners.Hours before his administration was due to hit America’s closest neighbors with sweeping import duties, the US president claimed there was “no room left” for a deal to avoid their imposition. The announcement led to a sharp sell-off on Wall Street. Continue reading...

Economics

56 h. ago States look to bolster consumer protection as Trump promises tariffs and trade war

Officials warn that the closing of the Consumer Financial Protection Bureau will have dire effects on vulnerable consumers including veterans and the elderly

Politics

6 d. ago Trump threatens China with additional 10% tariff in escalation of trade war

US president also insists delayed tariffs on imports from Canada and Mexico will go into effect on 4 MarchUS politics live – latest updatesDonald Trump has threatened China with an additional 10% tariff on its exports to the US, setting the stage for another significant escalation in his trade war with Beijing.The US president also claimed that he plans to impose tariffs on Canada and Mexico starting next Tuesday, having delayed their imposition last month following talks with his counterparts. Continue reading...

Events

2 w. ago Trump ramps up trade war talk floating idea he will bring in 25% tariffs on imported cars, pharmaceuticals and chips

Trump has long railed against what he calls the unfair treatment of US automotive exports in foreign markets and has vowed to impose levies around '25 per cent' on imported vehicles.

Politics

2 w. ago Trump loyalist Peter Navarro steering trade war as White House says Elon Musk not in charge of DOGE: Live

Economic adviser jailed last year growing in influence as court filing reveals world’s richest man’s role in administration limited to employee status

Events