7 h. ago It could set the industry back 50 years: fashion braces for impact of Trump tariffs

From farmers to designers, the entire supply chain will be hit – but it is unclear what duties apply to a finished productFirst it was steel producers. Then automobiles. Now the fashion industry has been left reeling from Donald Trump’s announcement on Wednesday that he was imposing tariffs on more than 180 countries including severe levies aimed at some of fashion’s biggest manufacturing regions.Trump’s “liberation day” tariffs included a 10% duty on all imports to the US but “worst offender” countries – those with whom America has bigger trade deficits – face a higher rate. Several of these are key to fashion’s supply chains. China, where everyone from Prada to Zara outsource production, faces a 54% duty. Vietnam, where more than half of Nike’s footwear was produced last year, will be subject to a 46% tariff. Pakistan, a key manufacturer of denim items, will be hit with a 29% duty. Bangladesh, where garment manufacturing makes up to 80% of its total exports, will be subjected to 3...

Politics

22 h. ago Scots businesses 'braced' for impact of Donald Trump tariffs with firms taking 'urgent' measures

The US market is worth about £971million to the Scotch whisky industry, while salmon is worth £225million in exports.

Economics

23 h. ago Stock markets expected to continue plunge as investors fear impact of Trump’s tariffs and China’s response

Friday’s stock market comes after a historically bad day as investors react to Trump’s tariff plan

Economics

27 h. ago Trump claims Starmer is ‘very happy’ about tariffs imposed on Britain

UK foreign secretary regrets ‘return to protectionism’ and says Britons will be concerned about impact on financesBusiness live – latest updatesDonald Trump has claimed that the UK is “very happy” with tariffs imposed on the country as part of his shock upending of global trade, but the British foreign secretary, David Lammy, said he regretted the “return to protectionism”.Wielding a chart in the White House Rose Garden, the US president revealed on Wednesday that the UK would be hit with 10% so-called “reciprocal” tariffs as part of a sweeping drive on all countries. Continue reading...

Politics

31 h. ago ‘There are no winners’: global companies respond to Trump tariffs

From UK tailors to Australian farmers to Irish whiskey distillers, firms reveal the impact of US measuresDonald Trump’s sweeping tariffs will upend global trade, adding costs and delays to businesses around the world and threatening a recession.The Guardian spoke to eight businesses about the impact. Continue reading...

Politics

39 h. ago Donald Trump's tariffs hit major brands including Nike and H&M

Major brands have been feeling the impact of Donald Trump's newly announced 'Liberation Day' tariffs, with Nike, Adidas and Puma among the big names to suffer huge losses already

Politics

45 h. ago What does the UK trade with the US and how will the tariffs impact that?

The latest tariffs from the Trump administration have sent shockwaves across the world

Politics

48 h. ago Trump’s tariffs, Brexit and Keir Starmer’s next move: Ask John Rentoul anything in exclusive Q&A

How will Trump’s tariffs impact the UK? The Independent’s chief political commentator, John Rentoul, is here to answer your questions on trade, whether there’s a ‘Brexit dividend’, Starmer’s strategy, the market fallout and more

Politics

49 h. ago Trump tariffs 'will impact key Scottish industries', says Kate Forbes

The Deputy First Minister said there was “no doubt this will have an impact on some of our key industries”.

Politics

49 h. ago The five parts of Wales' economy set to be hit hardest by Donald Trump's tariffs on goods going into the USA

President Donald Trump's "liberation day" tariffs could have a huge impact on industries in the UK and Wales

Politics

49 h. ago What do Donald Trump US tariffs mean for Scotland? Scotch whisky, salmon, economy impact

US president Donald Trump announced the tariffs on Wednesday evening

Politics

50 h. ago Liberation Day for Trump as he ‘drops nuclear bomb on the global trading system’

US president unleashes a blitz of tariffs — but the UK gets off relatively lightly

Events

50 h. ago Trump’s tariffs will ‘clearly have economic impact’ in UK – Starmer

Prime Minister Sir Keir Starmer gathered business chiefs in No 10 for talks after Donald Trump announced sweeping global tariffs.

Economics

50 h. ago Trump tariffs will 'clearly have economic impact' on UK, says Keir Starmer

The Prime Minister said the UK Government would respond with “cool and calm heads”.

Economics

50 h. ago Starmer warns of ‘economic impact’ after Trump talks fail to avert tariffs

UK prime minister hopes negotiations between London and Washington could further reduce the levy

Events

51 h. ago Thousands of British jobs at risk from Trump's trade war... but EU is hit even harder as PM warns of 'economic impact' and furious Brussels vows to retaliate

The PM admitted pain is looming as he met business leaders in Downing Street to take stock of the US action.

Events

51 h. ago FTSE 100 Live 03 April: Stocks and dollar weaken on tariffs shock, Currys shares bounce

Stock markets have tumbled as shocked investors react to the “Liberation Day” tariffs unveiled by President Trump at the White House last night.

Events

51 h. ago Donald Trump declares trade war as expert reveals 'only' way UK

Keir Starmer warned an "economic impact" will be felt across the country following Donald Trump's tariff war, as an expert believes the UK remains "adrift" and "searching for relevance"

Politics

51 h. ago ANDREW NEIL: Trump's tariffs are dire for Labour. They're out of their depths. This could snuff them out

The overall impact of Trump's new regime will be negative. His table exaggerated the average tariffs America pays to other countries to make his new levies look reasonable.

Politics

52 h. ago Trump tariffs will have 'economic impact' on UK, says Keir Starmer amid fears of 1000s of job losses

But the 10 per cent tariff hit on the UK is lower than many other countries

Economics