13 h. ago ‘Sell America’: investors are increasingly avoiding the US – here’s what it means for Australian markets

After decades as a safe haven, Donald Trump’s economic upheaval has some traders looking to put their money elsewhere – and countries looking to decouple their economiesElection 2025 live updates: Australia federal election campaignGet our afternoon election email, free app or daily news podcastAt the same time as Australians are cutting back on plans to visit the US under Donald Trump, a new type of investment strategy designed to avoid America is fast gaining popularity.The “sell America trade”, an expression that barely existed before Trump spooked markets by unveiling his new tariff regime late on 2 April, is now a common expression among traders and appears regularly in investment notes to explain the day’s price movements. Continue reading...

Economics

18 h. ago Another crisis, another IMF summit: but unlike 2008, the delegates are disunited

Where once the world came together to fight the credit crunch, Trump’s tariffs will set a more divisive testWhen the world’s finance ministers and central bank governors gather at the International Monetary Fund in Washington this week, it may kindle memories of another meeting, also held against the backdrop of a global economic crisis, in autumn 2008.Then, as the aftershocks from the collapse of Lehman Brothers ripped through financial markets, central banks coordinated drastic emergency rate cuts, and the UK chancellor, Alistair Darling, urged his G7 counterparts to emulate the UK’s approach and shore up stricken banks. Continue reading...

Politics

25 h. ago Martin Lewis explains Donald Trump tariff effects on UK energy bills

The US President has caused global markets to experience a rollercoaster few days, including historic falls followed by record rises

Politics

26 h. ago South Korea will not ‘fight’ Trump’s tariffs, says acting president

Han Duck-soo says Seoul owes historical debt and is open to dropping trade barriers ahead of talks with Washington

Politics

35 h. ago Chinese city launches bizarre toilet 'counterattack' against Donald Trump after tariff row

Chinese people are staging a dirty protest against Donald Trump by flocking to the shops to buy a US President-themed toilet brush in massive numbers amid the tariff war

Politics

41 h. ago 'World's largest gold deposit' worth £61billion could be terrible news for Donald Trump

A huge gold deposit discovered in China could hold an eye-watering £61billion worth of gold which could tip the balance of global power, amid Trump's tariff chaos

Economics

41 h. ago 'World's largest gold deposit' discovery worth £61billion could be terrible news for Donald Trump

A huge gold deposit discovered in China could hold an eye-watering £61billion worth of gold which could tip the balance of global power, amid Trump's tariff chaos

Economics

41 h. ago The expert guide to riding out the Trump tariffs rodeo by investment guru ANNE ASHWORTH

Nvidia and the other US titans of tech remain engulfed in turmoil, despite the pause on 'reciprocal' tariffs. But should you be breaking up with America? Here is what you need to know.

Politics

42 h. ago US chocolate prices surge amid soaring cocoa costs and tariffs

Price of cocoa – chocolate’s key ingredient – has climbed over past year and tariffs on imports will keep prices highFor many Americans celebrating Easter, the holiday is incomplete without chocolate: chocolate bunnies and eggs, bars tucked into Easter baskets, candy hidden in plastic eggs for Easter egg hunts.But the rocketing cocoa costs will mean higher prices for chocolate candy this year, and Donald Trump’s tariffs on all imports will likely keep prices high for the foreseeable future. Continue reading...

Economics

42 h. ago How Trump tariff chaos will set iPhone costs soaring as expert weighs in on painful hike

EXCLUSIVE: Donald Trump's tariffs will impose increased costs on Chinese produced goods – but with most iPhones being constructed in China, experts warn UK customers could bear some extra costs

Politics

47 h. ago Could Trump’s tariffs give a green light for corporate profiteering?

Expectations of inflation, and recent waves of price rises, could be self-fulfilling and fuel ‘greedflation’ – and it may not only apply to US consumersOver the past few years consumers have grown used to seeing prices rise at an exorbitant rate. The cost of everything – from used cars to utility bills and the humble loaf of bread – has rocketed in the worst inflation shock across advanced economies since the 1980s.While inflation has cooled in the past year, talk of fast-rising prices is back on the agenda from Donald Trump’s escalating trade war. Continue reading...

Politics

49 h. ago Martin Lewis explains whether UK energy bills will fall after Trump tariff chaos

The US President's recent tariff wars have seen global markets crash, with steep declines and then partial surges - so could the economic chaos be good news for UK households?

Politics

51 h. ago US senator says margaritas in photo with wrongly deported man planted by El Salvador – live

Chris Van Hollen of Maryland says drinks placed on table created hoax and neither he nor Kilmar Ábrego García touched themThe US is optimistic that it can end “the very brutal war” between Russia and Ukraine, Vice-President JD Vance said before a bilateral meeting with the Italian prime minister Giorgia Meloni in Rome on Friday.The meeting comes less than 24 hours after the pair met in Washington. Vance said:I want to update the prime minister on some of the negotiations between Russia and Ukraine even in the past 24 hours, we think we have some interesting things to report on.Since there are the negotiations I won’t prejudge them, but we do feel optimistic that we can hopefully bring this war, this very brutal war, to a close. Continue reading...

Culture

52 h. ago Donald Trump will meet with 'his friend' the King at Windsor Castle to fix arrangements for 'unprecedented' second State visit

Sir Keir Starmer urged Donald Trump to drop his tariffs on British exports yesterday after the US President warned he could keep 'substantial' levies in place.

Politics

52 h. ago Rachel Reeves calls for Britain to forge closer ties with Beijing in show of force against Donald Trump after he slapped 245 per cent tariffs on Chinese imports

It would be 'very foolish' for Britain to disengage with China, Rachel Reeves has said as she attempts to draw a line in the sand with the US over their treatment of Beijing.

Politics

53 h. ago Rachel Reeves warns UK won't accept US trade deal if red lines are crossed

In an interview with The Mirror the Chancellor Rachel Reeves voiced her optimism an agreement can be reached to tackle the misery caused by Donald Trump's tariffs

Events

54 h. ago US senator says margaritas in photo with wrongly deported man planted by El Salvador

Chris Van Hollen of Maryland says drinks placed on table created hoax and neither he nor Kilmar Ábrego García touched themThe US is optimistic that it can end “the very brutal war” between Russia and Ukraine, Vice-President JD Vance said before a bilateral meeting with the Italian prime minister Giorgia Meloni in Rome on Friday.The meeting comes less than 24 hours after the pair met in Washington. Vance said:I want to update the prime minister on some of the negotiations between Russia and Ukraine even in the past 24 hours, we think we have some interesting things to report on.Since there are the negotiations I won’t prejudge them, but we do feel optimistic that we can hopefully bring this war, this very brutal war, to a close. Continue reading...

Culture

54 h. ago Starmer urges free trade in first call with Trump after UK hit by sweeping US tariffs

It comes as Rachel Reeves is due to hold talks with the White House next week amid efforts to strike a trade deal

Politics

54 h. ago Donald Trump to stay in UK castle for state visit despite tariffs slapped on Brits

The US president apparently wants the historic castle to put him up for his planned state visit as it holds special memories for him after last visited it with the late Queen

Politics

56 h. ago Wall Street slashes stock market forecasts amid Trump tariff fears

Banks expect gain of just 2% for S&P 500 this year, with JPMorgan and BofA among those lowering estimates

Politics