2 h. 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

5 h. 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

7 h. 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

9 h. 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

69 h. ago Cruz says Republicans face midterms ‘bloodbath’ if tariffs trigger recession

Warning from Texas senator comes as president’s trade war sends US markets into tailspin

Politics

3 d. ago FTSE 100 suffers worst day in FIVE YEARS as global markets go into meltdown over Donald Trump's trade war

Wall Street opened sharply lower as fears of a global recession mounted in the wake of the US President's extraordinary assault on allies and foes alike.

Politics

3 d. ago US markets tumble further as global meltdown continues over Donald Trump's trade war

Wall Street opened sharply lower as fears of a global recession mounted in the wake of the US President's extraordinary assault on allies and foes alike.

Politics

3 d. ago 'There will be blood': Trump's trade war 'means 60% chance of global recession' as China hits back at the US and shares keep plunging

The FTSE 100 fell another 140 points this morning after the US president's extraordinary assault on allies and foes alike wiped £2trillion off company values internationally.

Events

3 d. ago 'There will be blood': Trump's trade war 'means 60% chance of global recession' as shares keep plunging

The FTSE 100 fell another 140 points this morning after the US president's extraordinary assault on allies and foes alike wiped £2trillion off company values internationally.

Events

3 d. ago Global shares keep plunging after US stocks' worst day since Covid: Body blow for Starmer as Trump says UK should be 'happy' with 10% tariffs and aides 'pour cold water on hopes of deal'

The FTSE 100 fell another 60 points this morning after the US president's trade war  sparked a global rout - wiping £2trillion off company values.

Economics

4 d. ago Thousands of British jobs at risk from Trump's trade war... but EU is hit even harder as PM warns of 'economic impact' and furious Brussels vows to retaliate

The PM admitted pain is looming as he met business leaders in Downing Street to take stock of the US action.

Events

4 d. ago Trump tariffs live: FTSE 100 plummets after UK firms warn trade war will ‘wreak havoc’

Donald Trump has announced reciprocal tariffs on dozens of countries

Events

4 d. ago Trump tariffs live: London Stock Exchange plummets with UK firms warning trade war will ‘wreak havoc’

Donald Trump has announced reciprocal tariffs on dozens of countries

Events

4 d. ago British jobs at risk from Trump's trade war: PM warns of 'economic impact' from 'limited' 10% tariff on UK with cars, steel, pharma and fashion firms facing pain as stock markets slide

The PM admitted pain is looming as he met business leaders in Downing Street to take stock of the US action.

Economics

6 d. ago Ronald Reagan warns of Donald Trump trade war tactic in speech from 1988

Former US president Ronald Reagan warned of a Donald Trump-style trade war tactic in a radio address nearly 40 years ago.

Events

6 d. ago Trump prepares to unveil reciprocal tariffs as markets brace amid trade war fears

President promises he will be ‘very kind’ but critics warn his strategy risks triggering chain reaction and global trade warAs Donald Trump prepared to unveil a swathe of reciprocal tariffs, global markets braced and some Republican senators voiced their opposition to a strategy that critics warn risks a global trade war, provoking retaliation by major trading partners such as China, Canada and the European Union.The US president said on Monday he would be “very kind” to trading partners when he unveils further tariffs this week, potentially as early as Tuesday night. Continue reading...

Politics

1 week ago Trump threatens higher tariffs on EU and Canada as UK says it won’t escalate trade war – live

US president threaten ‘large scale tariffs, far larger than currently planned’ if EU works with Canada amid trade war concernsTop aides to Joe Biden “aggressively” warned Democratic donors last summer that if the then president was forced out of the 2024 election over concerns about his age and fitness, the party would inevitably make the “mistake” of running the vice-president, Kamala Harris, against Donald Trump, a new book says.“One donor on the receiving end of an electronic message summed up the sentiments of Biden’s top aides: ‘They were aggressively saying that we would wind up with the vice-president and that would be a mistake.’” Continue reading...

Events

1 week ago Trump’s car tariffs pile pressure on Reeves’ new economic plan

Office for Budget Responsibility warns a global trade war risks eliminating UK chancellor’s fiscal headroom

Economics

1 week ago Donald Trump's trade tariffs plan could smash Rachel Reeves' hopes of a UK economic recovery as experts warn trade war would cut growth and raise inflation

The Office for Budget Responsibility (OBR) warned that if the protectionist US plan developed into a full-blown global trade war it could reduce UK GDP by a full 1 per cent on its own.

Economics

2 w. ago Trade war risks increased prices, slower growth and jobs impact, minister warns

Paschal Donohoe was speaking following the publication of a report on the potential impact of tariffs.

Events