4 d. ago US trade war will hurt UK growth, Bank of England governor warns; Tesla’s European sales fall again – business live

Rolling coverage of the latest economic and financial newsACEA’s latest European car sales report shows a continued decline in demand for fossil fuel-powered vehicles.While new battery-electric car sales grew by 23.9% in the first three months of 2025, to 412,997 units, petrol car registrations saw a significant decline of 20.6%, with all major markets showing decreases. Continue reading...

Economics

6 d. ago Trump warned US economic growth to be hit hardest by tariff trade war: Live updates

The International Monetary Fund downgraded growth in nearly all countries amid ongoing uncertainty from the Trump administration’s trade policy

Events

6 d. ago Risks to global financial stability surging after Trump tariffs, warns IMF

World body says ‘sharp repricing of risks’ possible amid growing concern over role of ‘nonbank’ lendersIMF warns of ‘major negative shock’ from Trump’s tariffsEditorial: Donald Trump could cost the world $1tnThe global financial system is coming under increasing strain as Donald Trump’s trade war rocks markets, the International Monetary Fund has warned.“Global financial stability risks have increased significantly,” the IMF said in its regular snapshot of the system, urging regulators to be on the alert for potential crises. Continue reading...

Events

7 d. 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

1 week ago Shein and Temu issue warning to shoppers as Donald Trump trade war with China escalates

The price hikes also come ahead of the end of the 'de minimis' tax loophole, which allows imports that are worth under $800 can enter the US duty-free

Events

1 week ago JPMorgan CEO Jamie Dimon warns US could lose credibility over Trump trade war

JPMorgan CEO says no country has ‘divine right to success’ in latest caution to president

Events

2 w. ago Top economist urges Reeves to raise basic rate of income tax for first time in 50 years

Institute for Fiscal Studies boss Paul Johnson warned Donald Trump’s trade war is ‘badly buffeting’ the UK economy

Economics

2 w. ago Xi warns ‘no winners’ from Trump trade war as he heads to Vietnam

Chinese leader seeks to strengthen ties with export-dependent economies facing high US levies

Events

2 w. ago Trump insists tariff war is ‘doing really well’ as recession fears mount

S&P 500 and Dow Jones rise sharply after extraordinarily volatile week as experts warn of continued turbulenceDonald Trump insisted his trade war with much of the world was “doing really well” despite mounting fears of recession and as Beijing hit back and again hiked tariffs on US exports to China.As the US president said his aggressive tariffs strategy was “moving along quickly”, a closely watched economic survey revealed that US consumer expectations for price growth had soared to a four-decade high. Continue reading...

Politics

2 w. ago JPMorgan chief Dimon warns of ‘considerable turbulence’ in US economy

Biggest US bank posts 9% rise in quarterly profits as market tumult boosts trading business

Events

2 w. ago China hits back at US with 125% tariffs as Xi Jinping warns Donald Trump ‘there are no winners in trade war’

The move announced on Friday is the latest tit-for-tat retaliatory tariffs hike in a growing trade war between the two superpowers

Events

2 w. ago Nigel Farage compares Donald Trump to LIZ TRUSS and warns the US might not win trade war with China

Nigel Farage moved to distance himself from his long-term ally as he admitted he had never seen the kind of chaos that has gripped markets in the wake of 'Liberation Day'.

Events

2 w. ago Starmer urged to accelerate global trade deals after Trump tariff chaos

Exclusive: The UK is warned it cannot isolate itself from the effects of a trade war between the US and China after Donald Trump’s U-turn on tariffs

Economics

2 w. ago Trump and Elon Musk mocked in new AI video showing them as factory workers as Beijing unleashes meme war and China's US embassy warns 'we don't back down' amid trade war

The footage shows Trump, senior adviser Elon Musk and JD Vance working on a production line making trainers.

Events

2 w. ago China warns Trump ‘we don’t back down’ in trade war after he blinks with tariffs U

Beijing has vowed to fight an all-out trade war ‘to the end’ and is comparing the economic battle to the Korean War which ended in stalemate

Events

2 w. ago Trump pauses plans to hike US tariffs on most countries except China

Trump says he will raise US tariffs on Chinese exports to 125% and unveils 90-day pause for other countriesBusiness live – latest updatesDonald Trump shelved plans to hike tariffs on most countries except China, unveiling a 90-day pause and pulling back from his global trade war after days of market turmoil and warnings of recession.After insisting for days that he would hold firm on his aggressive trade strategy, Trump announced that all countries that had not retaliated against US tariffs would receive a reprieve – and only face a blanket US tariff of 10% – until July.Never miss global breaking news. Download our free app to keep up with key stories in real time. Continue reading...

Politics

3 w. ago Global recession fears as markets plunge on Trump’s tariff ‘medicine’

Banks warn of slowdown but president threatens to escalate trade war with China by imposing even higher import taxes

Economics

3 w. ago Trump tariffs live: US stocks plunge on opening after EU warns it is ready to retaliate in trade war

US president describes sweeping tariffs as ‘medicine’ as billionaire Trump backer calls for pause to avert ‘economic nuclear winter’

Events

3 w. ago Trump tariffs risk higher prices and make US recession more likely, says JP Morgan boss

Jamie Dimon believes effect of policy may be ‘hard to reverse’ if maintained for too longEuropean markets slumpBusiness live – latest updatesThe JP Morgan chief executive, Jamie Dimon, has warned that it may be “hard to reverse” the effect of Donald Trump’s tariffs, which he said would drive prices higher and make a US recession more likely.The boss of the US bank said in his annual letter to investors that while there were some “legitimate reasons” for the number of new taxes applied to goods imported into the US, there could be some serious consequences if the tariffs were maintained for too long. Continue reading...

Economics

3 w. ago JPMorgan chief Dimon warns trade war risks recession and higher prices

Donald Trump’s tariffs could cause long-lasting damage to US alliances, influential Wall Street banker tells shareholders

Events