1 hour ago The Guardian view on Donald Trump’s industrial policy: inward turn by ultimatum | Editorial

The US is retreating behind chokepoints and tariffs. It remains determined to invent the future but is struggling to ensure its control Globalisation is out; reshoring is the new realism. Intel’s half-built Ohio campus and Nvidia’s US supercomputer plan demonstrate the very different routes taken by Joe Biden and Donald Trump in the search for homegrown tech dominance. Mr Biden relied on institutions: grants, land and investment incentives. That approach has stalled after last year’s election, rendering Intel’s plant idle. Mr Trump prefers court politics: flattery, pressure and tariff threats. Nvidia’s move seems driven less by design than executive ultimatum. Industrial strategy lives on – but, and this is a concern, increasingly through presidential menace, not policy.There’s another important message in the Nvidia announcement. In an era where ideas spread freely, power lies not in invention but in chokepoints, such as artificial intelligence supercomputer fabrication, that deter...

Events

1 hour ago Apple airlifted iPhones worth $2bn from India in March as Trump tariffs loomed

Tech giant stepped up production and chartered cargo flights with at least six jets to ensure sufficient inventoryApple’s main Indian suppliers Foxconn and Tata shipped nearly $2bn worth of iPhones to the United States in March, an all-time high, as the US company airlifted devices to bypass Donald Trump’s impending tariffs, customs data shows.The smartphone maker stepped up production in India and chartered cargo flights to ferry 600 tons of iPhones to the United States to ensure sufficient inventory in one of its biggest markets based on concern that the US president’s tariffs would push up costs. At least six cargo jets were used in the operation, which one source described as a way to “beat the tariffs”. Continue reading...

Politics

3 h. ago Republican senator admits he doesn’t know ‘what’s in Trump’s head’ over tariffs

‘The administration has not given one clear rationale for its tariffs,’ admits Louisiana’s John Kennedy

Politics

3 h. ago Trump live updates: President threatens Harvard tax status after Obama calls funding freeze ‘ham

White House freezes more than $2.2 billion in grants and $60 million in contracts for Ivy League school after it refuses to comply with long list of ideological demands

Politics

4 h. ago Donald Trump's tariffs puncture US car industry downgraded by Barclays to 'negative'

Goldman Sachs has cut its estimate for automobile sales in the US for this year by nearly 1 million units

Politics

4 h. ago Fox News host teaches Donald Trump how to say ‘Make America Great Again’ in Spanish

During a friendly interview that will air on Fox News’ Spanish-language channel, the president also doubled down on his proposal to send American citizens to El Salvador prisons for unspecified crimes.

Politics

5 h. ago Nato chief in surprise Ukraine visit as US fails to condemn Sumy attack – Europe live

Mark Rutte makes unannounced visit to Odesa and tells Zelenskyy that ‘Nato support is unwavering’The EU has said that “significant joint efforts will be needed” for a successful outcome to trade talks at the end of Donald Trump’s 90-day pause on tariffs.The European Commission, which handles trade policy for the 27 EU member states, was reporting back on a meeting between its lead trade official Maroš Šefčovič and US commerce secretary Howard Lutnick and US trade representative Jamieson Greer in Washington on Monday.The EU will continue to approach these talks in a constructive manner, with a view to identify areas of common interest. It is clear that significant joint efforts will be needed to achieve a successful outcome within the 90-day window.The EU is doing its part. Now it is necessary for the US to define its position. As with every negotiation this must be a two-way street... With both sides bringing something to the table.” Continue reading...

Events

5 h. ago US tariffs explained: what they are, how they work and who they affect

President Trump’s tariff plan, which included a 10% charge on imports from the UK, has shaken the world’s financial markets

Economics

6 h. ago Trump’s tech tariffs are total chaos – and everyone’s paying the price

From iPhone airlifts to Nintendo delays, Trump’s trade war has thrown the tech world into confusionHello, and welcome to TechScape. Today’s news: Donald Trump’s tariffs spread confusion like a germ, tech takes two kinds of environmental tolls, Meta faces an antitrust trial, and I’ve been watching two excellent pieces of serialized fiction on Instagram and TikTok.OpenAI countersues Elon Musk over ‘unlawful harassment’ of companyFederal workers fear Musk’s ‘efficiency’ agency is using AI to spy on them: ‘They are omnipresent’ Continue reading...

Economics

6 h. ago Donald Trump's trade war tariffs slammed by France for unleashing 'tsunami of destabilisation'

French Prime Minister Francois Bayrou hit out at Trump’s America for going ‘over to the side of the aggressors’

Politics

7 h. ago SYLVIA MORRIS: Top savings deals vanish after Trump's tariffs as I predicted

Following US President Donald Trump's tariff announcements, top savings rates disappeared in a flash - which is as I anticipated. Now, here's my advice on which rates to bank while you still can.

Economics

7 h. ago Gavin Newsom launches new campaign to encourage Canadians to visit California in Trump tariff dig: ‘Don’t let him ruin your beach plans’

California governor Gavin Newsom has launched a new international campaign with Visit California to encourage a "strong tourism partnership" between the state and Canada.

Politics

7 h. ago US’s $2.36tn tourism business fears ‘Trump slump’ over tariff turmoil

Warnings emerge even as effect of economic and political turbulence on the foreign visitors to the US is hard to defineBatman said business was so-so, and King Kong beat his chest in agreement. But neither could predict that it would improve. Gotham’s caped crusader and his muscular ape neighbour could only hope. As with Times Square’s superhero-themed visitor-photography business last week, so it is with the US tourism business at large.The effect of economic and political turbulence on the number of foreign visitors coming to the US is for now hard to define. But both – whether through tariffs, currency exchange chaos, or fears over political ill-winds – are sending chills through the $2.36tn business, the world’s most powerful travel and tourism market. Continue reading...

Economics

7 h. ago ‘Shock to the system’: farmers hit by Trump’s tariffs and cuts say they need another bailout

With extreme weather and Trump’s looming trade war, US farmers are reeling and resigned to needing another bailoutFarmers across the United States say they could face financial ruin – unless there is a huge taxpayer funded bail out to compensate for losses generated by Donald Trump’s sweeping cuts and chaotic tariffs.Small- and medium-sized farms were already struggling amid worsening climate shocks and volatile commodities markets, on top of being squeezed by large corporations that dominate the supply chain. Continue reading...

Events

7 h. ago Donald Trump ally Marjorie Taylor Greene made huge stock market moves BEFORE tariffs were halted

Alexandria Ocasio-Cortez on warpath after it was revealed Trump devotee Marjorie Taylor Greene bought large amounts of stock just hours before president's tariff pause.

Politics

8 h. ago SYLVIA MORRIS says: Top savings deals are vanishing after Trump's tariffs just as I predicted

Following US President Donald Trump's tariff announcements, top savings rates disappeared in a flash - which is as I anticipated. Now, here's my advice on which rates to bank while you still can.

Economics

9 h. ago Trump tariffs latest: JD Vance says good chance of UK trade deal and praises ‘cultural affinity’ with Britain

The UK has welcomed J.D. Vance’s statements, saying Britain was in a “good position” to negotiate

Economics

9 h. ago Trump’s tariffs are reckless – but they hold a key lesson for Democrats | David Sirota

There is a middle ground on tariffs. But Democrats’ free-trade advocacy allows Trump to play the populistTo tariff or not to tariff? Today’s tweet-length political discourse pretends this is a binary choice. Donald Trump has pitched across-the-board import levies as a panacea to rebuild American manufacturing, while Democrats insist the president’s proposals are an attempt to crash the economy, and that their party should tout its opposition to all tariffs.But neither the policy nor politics of this moment are that neat and simple. While too few or too many tariffs can destroy economies, there is a Goldilocks zone that’s just right. It’s just being omitted from the conversation. Continue reading...

Politics

10 h. ago Nvidia says it will build up to $500bn of US AI infrastructure as chip tariff looms

Plan comes after Donald Trump reiterated import threats and chipmaker’s CEO dined at US president’s resortThe chip designer Nvidia has said it will build up to $500bn (£378bn) worth of artificial intelligence infrastructure in the US over the next four years, in a sign of manufacturers investing in operations on American soil amid Donald Trump’s tariffs.The announcement comes after Trump reiterated threats on Sunday to impose imminent tariffs on the semiconductors that Nvidia makes mostly in Taiwan, and after the chipmaker’s chief executive, Jensen Huang, dined at the president’s Mar-a-Lago resort earlier this month. Continue reading...

Economics

11 h. ago Trump tariffs live updates: Vance says good chance of UK trade deal and praises ‘cultural affinity’ with Britain

The UK has welcomed J.D. Vance’s statements, saying Britain was in a “good position” to negotiate

Economics