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

Beijing hopes Washington will continue to meet it halfway

Events

28 m. ago Trump set to impose tariffs up to 70 percent on dozens of nations

The president didn’t specify which countries would be affected

Politics

82 m. 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

5 h. ago Trump says US will send letters setting tariff rates to trading partners

About ‘10 or 12’ will go out on Friday to those without deal in place, then more over next few daysBusiness live – latest updatesDonald Trump has said that the US will start sending out letters to trading partners on Friday setting tariff rates that countries will have to pay from the beginning of next month.The US president told the media that about “10 or 12” letters would be sent out initially, with further letters sent out over the “next few days”. Continue reading...

Politics

5 h. ago Trump says US to start sending tariff rates letters to trading partners

Letters to be sent to countries without a deal in place before end of 90-day pause on 9 JulyBusiness live – latest updatesDonald Trump has said the US will start sending letters to trading partners setting out tariff rates that countries will have to pay from the beginning of next month.The US president told the media that about “10 or 12” letters would be sent out on Friday, with further letters sent out over the “next few days”. Continue reading...

Politics

7 h. 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

8 h. ago Asian shares are mixed as Trump’s tariff deadline looms, while US stocks set records

Asian shares were mixed on Friday after U.S. stocks climbed further into record heights as the clock ticks on President Donald Trump’s July 9 tariff deadline

Politics

9 h. ago Donald Trump blamed for sluggish Scottish economy after tariffs slapped on exports

Experts warned economic recovery from repeated covid lockdowns was weaker in Scotland than the rest of the UK.

Politics

13 h. ago Voters now say its Trump’s economy as they pin current economic conditions on him over Biden

The Trump administration has set a July 9 deadline for new tariff rates with numerous international trading partners

Politics

13 h. ago Economic slowdown linked to global uncertainty amid Trump tariffs – think tank

The Fraser of Allander Institute now expects Scottish economic growth of 0.8% in 2025 and 1.0% in 2026 – a slight downgrade from its April forecasts.

Economics

19 h. ago US labor market surprises with 147K new jobs last month despite Trump’s tariffs causing economic concerns

The positive figures conceal underlying weaknesses

Economics

20 h. ago Your July 4 BBQ is going to cost 12% more this year because of Trump Tariffs, congress says

A congressional report says Trump’s April tariffs have driven a 12.7 percent annualized increase in Fourth of July cookout costs.

Politics

23 h. 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

23 h. ago Revealed: The true cost of Trump’s tariffs on UK small businesses

Exclusive: SMEs are increasingly looking to export to China, while exchange rates are playing havoc with profit margins

Economics

28 h. ago Watches of Switzerland warns over US price hikes after Trump tariffs

The Rolex seller said some of its brand partners in the US had already pushed through ‘mid-single digit’ percentage increases.

Events

44 h. ago Trump’s tariffs set to cost American employers $83billion, analysis finds

An analysis finds a critical group of U.S. employers would face a direct cost of $82.3 billion from President Donald Trump’s current tariff plans

Economics

63 h. ago Interest rates would have been cut, if not for Trump’s tariffs, Fed chair says

Trump has pressured Powell and the Fed to lower short term interest rates

Politics

69 h. ago Federal Reserve chair blames Trump’s tariffs for preventing interest rates cut

Jerome Powell says inflationary impact of the president’s trade policies needs to be assessed before borrowing costs can be reducedThe chair of the Federal Reserve, Jerome Powell, has blamed Donald Trump’s tariffs for preventing the immediate interest rate cuts the president has demanded.Trump has repeatedly urged Powell to reduce borrowing costs in the US economy. He posted a hand-scrawled note on his Truth Social platform on Monday, saying: “You have cost the USA a fortune – and continue to do so – you should lower the rate by a lot!” Continue reading...

Politics

69 h. ago Federal Reserve chair blames Trump’s tariffs for preventing interest rate cuts

Jerome Powell says inflationary impact of the president’s trade policies needs to be assessed before borrowing costs can be reducedThe chair of the Federal Reserve, Jerome Powell, has blamed Donald Trump’s tariffs for preventing the immediate interest rate cuts the president has demanded.Trump has repeatedly urged Powell to reduce borrowing costs in the US economy, and on Monday posted a hand-scrawled note on his Truth Social platform saying: “You have cost the USA a fortune – and continue to do so – you should lower the rate by a lot!” Continue reading...

Politics

2 d. ago Fed chair Jerome Powell blames Trump tariffs for failure to cut US interest rates this year – business live

Rolling coverage of the latest economic and financial newsUS dollar has worst first half in more than 50 years amid Trump tariffsSainsbury’s has recorded its strongest growth since last summer after its Argos chain recorded a big step up in sales as shoppers sought out paddling pools and fans during recent hot weather.The retail group said Argos, its catalogue shop, was able to achieve growth of 4.4% in the three months to 21 June, up from 1.9% in the previous quarter. Comparable group sales, excluding fuel, rose 4.7% on a year earlier.Companies have now expanded production slightly for the fourth month in a row, order intake has ceased to fall, and slightly longer delivery times also indicate that demand is picking up a bit.Against the backdrop of numerous uncertainties - US tariffs, the crisis in the Middle East, and Russia’s ongoing war against Ukraine - this can certainly be seen as a sign of resilience. Continue reading...

Politics