55 m. ago Finance guru Bill Ackman's stern advice to world leaders reeling from Trump's tariffs amid fears of trade war

Finance guru Bill Ackman offered some stern advice to world leaders reeling from US President Donald Trump's tariffs amid fears of a global trade war.

Politics

75 m. ago Stock markets plunge further as Trump tariffs spark growing fears of global downturn

Trump has created huge global trade turmoil after slapping a minimum 10% tariff on most US imports and much higher levies on dozens of countries

Politics

1 hour ago The Latest: Trump’s tariffs slam world markets in the biggest blow since the pandemic hit in 2020

Asian shares slid further Friday after U.S. President Donald Trump’s tariffs sent shudders through Wall Street at a level of shock unseen since the COVID-19 pandemic pummeled world markets in 2020

Events

2 h. ago The tariffs are bad, but Britain should remember this: Trump will probably be gone in four years | Simon Jenkins

The UK is among those least hit by the US president’s war on the world economy. Retaliation at this point makes no senseThe tirade was astonishing. On Wednesday afternoon the world watched as the leader of its most powerful nation accused friends and foes alike of having “looted, pillaged, raped, plundered”, and simultaneously waved a bogus list of tariff imbalances. The playground paranoia was cringeworthy. What on earth was going on?The answer can only be that Donald Trump is America’s elected president for the next four years. He says he wants to end the military conflicts the US has fought or sponsored round the globe for a quarter of a century. We are waiting for that. Meanwhile, he is waging an economic war on world trade, a response that his biographer and ghostwriter, Tony Schwartz, blames on his childhood: “a life spent feeling like a victim any time he does not totally dominate he feels ripped off”. Continue reading...

Politics

2 h. ago Donald Trump's rosy assessment of tariffs despite causing stock market chaos

Donald Trump spoke to reporters hours after plunging the stock market into havoc - sparking fears of a recession - with his raft of tariffs, including the 10% on the UK

Politics

3 h. ago The far right has seemed unstoppable in Europe. Here’s how Trump’s tariffs could change that | Nathalie Tocci

With populist leaders on the back foot and EU support at its highest in years, the US trade war could be an opportunity for the unionDonald Trump has unleashed a trade war on the world, and Europe, considered by Washington to be among the “worst offenders”, is a major target. After hitting European steel, aluminium and cars, this week Trump announced sweeping 20% tariffs on almost all EU imports. Europeans have seen this coming for a long time. Well before his re-election, officials in Brussels were drawing up plans on how the EU might respond to Trump 2.0 and a possible transatlantic trade war.What might the political fallout in Europe be? The good news is that Trump’s trade war puts Trump-friendly far-right forces in Europe in a terribly uncomfortable position. It’s one thing for the European far right to support Trump in principle, or to support the administration’s tyranny over peoples it doesn’t care about, be it Ukrainians, Canadians, Mexicans or Palestinians. It’s quite anoth...

Politics

3 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

3 h. ago Trump tariffs live: Asian markets open in red for second day over global trade war

Trump’s tariffs caused global markets to freefall

Politics

3 h. ago ‘We’re feeling good’: Vance insists market implosion could have been worse after shock Trump tariff announcement

‘We’re going to have a booming stock market for a long time because we’re reinvesting in the United States of America,’ vice president claims after market loses $3.1 trillion

Politics

3 h. ago Donald Trump's tariffs show that this is a time for calm heads and no knee

Writing in the Daily Record, Salmon Scotland chief executive says the tariffs need to be carefully managed.

Politics

3 h. ago Asian stocks slid after Wall Street surrendered to a hit by Trump's tariffs

Asian markets are retreating after Wall Street led the biggest loss among world's markets over worries about U.S. President Donald Trump's tariffs

Politics

4 h. ago Not that Norfolk! Mislabelled shipments led to Trump tariffs on uninhabited islands and remote outposts with no US trade

Exclusive: Aquarium systems, Timberland boots and recycling plant parts were mislabelled as coming from remote Norfolk Island or Heard and McDonald islandsTariffs send US markets tumbling to worst day since Covid crashTrade tariffs imposed on tiny Australian territories that are either uninhabited or claim to have no trading relationship with the US appear to have been calculated based on erroneous trade data.The data relates, at least in part, to shipments mislabelled as coming from remote Norfolk Island, or Heard Island and McDonald Islands, instead of their correct countries of origin, the Guardian can reveal. Among the erroneously-labelled shipments over the past five years from the island territories are shipments of aquarium systems, Timberland boots, wine and parts for a recycling plant. Continue reading...

Politics

4 h. ago Trump live: Markets see worst day since Covid after new tariffs as president teases $5m gold card featuring his face

President Trump imposes blanket tariffs on all countries, hitting China and Europe hardest

Politics

4 h. ago Asian markets drop further as IMF warns Trump tariffs ‘a significant risk’ to global economy – business live

Kristolina Georgieva warns against retaliation to US levies while US president insists ‘markets will boom’ after sweeping tariff announcementFull report: Global markets in turmoil as Trump tariffs wipe $2.5tn off Wall StreetAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsSenior senators introduced new bipartisan legislation on Thursday seeking to claw back some of Congress’s power over tariffs after Donald Trump unveiled sweeping new import taxes and rattled the global economy with sweeping new import taxes.The Trade Review Act of 2025, co-sponsored by Senator Chuck Grassley, a top Republican lawmaker from Iowa, a state heavily reliant on farm exports, and Senator Maria Cantwell, a Democrat from Washington, whose state shares a border with Canada, would require the president to notify Congress of new tariffs, and provide a justification for the action and an analysis on the potential impact on US businesses and consumers. Continue reading...

Events

6 h. ago QUENTIN LETTS: After Trump's tariffs, this was no time to dust down the gramophone and play Don't Let's Be Beastly To The Germans

We took a wallop from the USS Donald Trump; but as MPs emerged from shelters and the Speaker's secretary dispensed tin mugs of sugared tea, there was a consolation: the EU copped it worse.

Politics

6 h. ago JCB is the first big British firm planning to boost production in the US in response to Trump's tariffs

JCB has become the first major British manufacturer to say it will bolster its US operations in response to Donald Trump's tariffs.

Politics

6 h. ago Britain did better than Europe in 'Liberation Day' tariffs because of Brexit, Labour told

Ministers were yesterday urged to thank the previous government for 'getting Brexit done', after Donald Trump levied tariffs on UK goods at only half the level imposed on the EU.

Politics

6 h. ago Trump tariffs live: President teases $5m gold card for US entry which features his own face on day that stocks plunge globally

President Trump imposes blanket tariffs on all countries, hitting China and Europe hardest

Politics

6 h. ago What you MUST do to protect your pension from Trump's tariffs fallout, revealed by money guru JEFF PRESTRIDGE

Not for the last time, President Trump has sent the world into a frenzy like one of those spinning tops we were given for Christmas as youngsters. Here's how you can protect your pension.

Economics

6 h. ago As markets melt down, Trump touts $5m gold card for wealthy immigrants (featuring his face)

‘For $5 million, this could be yours,’ Trump says of card available to wealthy immigrants to buy a right to live and work in the U.S.

Economics