89 m. ago Swiss drugmaker Roche to invest $50bn in US in effort to dodge Trump tariffs

Company says it will create 12,000 jobs in manufacturing and R&D over next five yearsBusiness live – latest updatesThe Swiss drugmaker Roche has said it will put $50bn (£37bn) into manufacturing in the US over the next five years, joining the queue of companies unveiling investments to try to head off potentially punitive Donald Trump tariffs.Roche said on Tuesday the investment would create more than 12,000 jobs, including 6,500 in construction and 1,000 at new and expanded existing facilities in the US, including factories and distribution centres in Kentucky, New Jersey and California. Continue reading...

Economics

91 m. ago Trump latest: Vance admits president’s tariffs will cause ‘profound changes’ while gold surges to new high

Vice president J.D. Vance said the ‘rebalancing’ from aggressive tariffs would ‘produce great benefits for American workers’

Politics

8 h. ago Japanese investors sold $20bn of foreign debt as Trump tariffs shook markets

Pension funds likely to have offloaded US bonds because of tumble in Wall Street stocks, investors say

Economics

10 h. ago Experts warn Trump’s trade war with China could erupt into a cold war

Earlier this month, Trump temporarily paused most tariffs while ratcheting up rates on China

Events

14 h. ago China threatens to retaliate against countries that strike trade deals with Trump

Warning from Beijing comes as Vice President JD Vance meets Indian Prime Minister Narendra Modi to discuss path to trade deal

Economics

14 h. ago Recession ‘absolutely’ will happen if Trump’s tariffs remain, top financial expert says

‘We will have bankruptcies of retailers of very significant magnitudes if this is allowed to continue,’ Torsten Slok says

Economics

17 h. ago Modi and JD Vance hail ‘significant progress’ in trade negotiations

Visit to India by vice-president and family could be overshadowed by US visa tensions and farmer protestsIndia’s prime minister, Narendra Modi, and US vice-president JD Vance have hailed “significant progress” in negotiations toward a bilateral trade agreement, a deal that could help India avoid sharp tariff hikes announced by President Donald Trump.Vance, accompanied by second lady, Usha Vance, and their children – Ewan, Vivek, and Mirabel – landed in the Indian capital earlier on Monday for a four-day visit combining high-level negotiations with family sightseeing. They were received at the airport by railways minister Ashwini Vaishnaw. Vance stood under a red canopy that shielded him from the blazing sun as soldiers saluted and a military band played the US anthem. Continue reading...

Politics

19 h. ago US stock markets fall again as Trump calls Fed chair ‘a major loser’

President amps up attacks against Jerome Powell, pushing him to lower interest rates to offset impact of tariffsUS stock markets started falling again on Monday morning as Donald Trump continued attacks against the Federal Reserve chair, Jerome Powell, who Trump called “a major loser” for not lowering interest rates.“There can be a slowing of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW,” Trump wrote on social media. Continue reading...

Politics

22 h. ago The inside story of how one of Trump's boldest schemes came together with a billionaire and ice cream

As the presidential campaign was drawing to a close, President Donald Trump spoke with his Wall Street friend about the CEO's grand plans for the US. Six weeks later he was hired.

Politics

23 h. ago From peppercorns to plastic forks: US businesses that rely on Chinese products reel from Trump tariffs

Price hikes worry restaurants and online markets as uncertainty stymies their ability to plan for the futureChang Chang, a Sichuan restaurant in Washington DC, was already noticing that some of its business had dropped off after tens of thousands of federal workers living in the area lost their jobs. But the recent tariff rate hikes mark an even greater blow for the restaurant.Sichuan peppercorns, which create the signature numbing spice of the regional Chinese cuisine, along with other ingredients, face an at least 145% tariff after last week’s tit-for-tat trade battle between China and the United States. The steep rate is an existential threat for restaurants across the country that rely on specialty ingredients imported from China to craft the authentic flavors of their dishes, said operators who were blindsided. Continue reading...

Politics

29 h. ago China sends back Boeing jet worth $55m as Trump tariffs continue to hurt trade

Beijing cautions third countries against making trade concessions to US at its expense

Politics

29 h. ago China sends back Boeing jet as Trump tariffs escalate trade war with US

Beijing cautions third countries against making trade concessions to US at its expense

Politics

45 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

50 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

56 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

58 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

66 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

3 d. 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

3 d. 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

3 d. 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