2 h. ago FTSE drops back further as tariff woes continue to grip markets

London’s FTSE 100 Index of companies dropped by 0.68% to 8,416.71 in early trading.

Economics

7 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

14 h. ago Trump denies market turmoil is a problem, claiming ‘stock is going to boom’ – US politics live

US president insists country is going to flourish as former Republican leader Mitch McConnell says tariffs are a ‘bad policy’ US stock markets tumble as investors shaken by Trump tariffsIn the aftermath of the disastrous debate against Donald Trump that ultimately ended his political career, Joe Biden skipped a White House meeting with the congressional Progressive caucus in favor of a Camp David photoshoot with the fashion photographer Annie Leibovitz, a new book says.“You need to cancel that,” Ron Klain, Biden’s former chief of staff and debate prep leader, told the president, as he advocated securing the endorsement of the group of powerful progressive politicians perhaps key to his remaining the Democratic nominee. Continue reading...

Politics

15 h. ago Trump denies market turmoil is a problem, claiming ‘stock is going to boom’, as McConnell says tariffs ‘bad policy’

US president insists country is going to flourish as former Republican leader joins widespread criticism of Trump tariffsUS stock markets tumble as investors shaken by Trump tariffsIn the aftermath of the disastrous debate against Donald Trump that ultimately ended his political career, Joe Biden skipped a White House meeting with the congressional Progressive caucus in favor of a Camp David photoshoot with the fashion photographer Annie Leibovitz, a new book says.“You need to cancel that,” Ron Klain, Biden’s former chief of staff and debate prep leader, told the president, as he advocated securing the endorsement of the group of powerful progressive politicians perhaps key to his remaining the Democratic nominee. Continue reading...

Politics

16 h. ago Trump ‘is not going to back off’ from tariff policies, US commerce secretary says – live

Howard Lutnick tells CNN that US president stands by decision to impose sweeping tariffs on nations around the worldUS stock markets tumble as investors shaken by Trump tariffsIn the aftermath of the disastrous debate against Donald Trump that ultimately ended his political career, Joe Biden skipped a White House meeting with the congressional Progressive caucus in favor of a Camp David photoshoot with the fashion photographer Annie Leibovitz, a new book says.“You need to cancel that,” Ron Klain, Biden’s former chief of staff and debate prep leader, told the president, as he advocated securing the endorsement of the group of powerful progressive politicians perhaps key to his remaining the Democratic nominee. Continue reading...

Politics

19 h. ago US stock markets tumble as investors shaken by Trump tariffs

Dollar hits six-month low after president announces sweeping tariffs on US’s largest trade partnersTrump condemned as global markets tumble – live updatesUS stock markets tumbled on Thursday as investors parsed the sweeping change in global trading following Donald Trump’s announcement of a barrage of tariffs on the country’s trading partners.All three major US index funds were down as trading started on Thursday morning. The tech-heavy Nasdaq fund was down 4.5%, while S&P 500 and the Dow dropped 3.4% and 2.7% at opening, respectively. Continue reading...

Economics

20 h. ago ‘Creating chaos and crisis’: Democrats slam Trump’s sweeping tariffs as global markets tumble – live

Democrats accuse Trump of ruining US economy on purpose and note the lack of tariffs for RussiaGlobal markets react to Trump tariffs – follow liveAnalysis: Trump promised lower prices – his tariffs risk the oppositeIn the aftermath of the disastrous debate against Donald Trump that ultimately ended his political career, Joe Biden skipped a White House meeting with the congressional Progressive caucus in favor of a Camp David photoshoot with the fashion photographer Annie Leibovitz, a new book says.“You need to cancel that,” Ron Klain, Biden’s former chief of staff and debate prep leader, told the president, as he advocated securing the endorsement of the group of powerful progressive politicians perhaps key to his remaining the Democratic nominee. Continue reading...

Politics

20 h. ago Stocks tumble on Wall Street as Donald Trump’s sweeping tariffs send shockwaves through global markets – business live

Ursula von der Leyen says tariffs a ‘major blow’ to world economy, as US dollar falls to six month low after US President Trump’s ‘liberation day’Full report: Trump announces sweeping new tariffsAnalysis: Trump’s tariffs likely to raise prices and cause chaosWhat are tariffs and why do they matter?The new US tariffs “will only create losers” with US consumers particularly hard hit, the German Automotive Industry Association (VDA), has said in a statement, calling on the EU “to act together and with the necessary force, while continuing to signal its willingness to negotiate.”The body, which represents the powerful German auto industry, said the tariffs markedthe United States’ departure from the rules-based global trade order – and thus a departure from the foundation for global value creation and corresponding growth and prosperity in many regions of the world.This is not America first; this is America alone. Continue reading...

Economics

22 h. ago The top British companies to see a share price drop on the back of Trump's tariffs

London’s FTSE 100 experienced a sharp decline on opening, falling 122.4 points – or 1.4 per cent – in the first few minutes of trading

Politics

25 h. ago Trump live: Apple stocks tumble in response to ‘Liberation Day’ as senior Republicans speak out on tariffs

President Trump says he will impose blanket tariffs on all countries with ‘worst offenders’ including China and Europe facing much higher rates

Politics

26 h. ago London’s FTSE tumbles after Trump’s tariffs send shockwaves through markets

The FTSE 100 Index fell 122.4 points in the first few minutes of trading.

Politics

34 h. ago Trump’s tariffs on ‘Liberation Day’ send Asia markets tumbling as world reacts: Live updates

President reveals next phase of sweeping tariffs agenda; global markets fear escalating trade war

Politics

34 h. ago Stock market today: Asian markets slip following Trump's announcements of big tariff hikes

Asian markets and U.S. futures have tumbled following U.S. President Donald Trump's announcement of big increases in tariffs on imports of goods from around the world

Politics

40 h. ago Wall Street stock futures tumble as Trump’s new tariffs spook investors

President reveals plans to impose 10% universal levies and higher duties on major partners

Economics

52 h. ago Trump tariffs latest: Asian stock markets tumble as investors nervously await US president’s ‘Liberation Day’

Donald Trump to unveil sweeping tariffs on any country that ‘treats the US unfairly’ today

Economics

54 h. ago Trump tariffs latest: Asian stock markets tumble at start of US president’s ‘Liberation Day’

Donald Trump to unveil sweeping tariffs on any country that ‘treats the US unfairly’ today

Politics

3 d. ago Trumpism is sinking democratic values. It’s Starmer’s job to steer the UK back to safety | Polly Toynbee

US tariffs hit this week just as other costs start to bite in Britain. To meet these challenges, Labour will finally have to changeThe prime minister may pretend to “like and respect” Donald Trump, but elsewhere in parliament anti-Americanism is running hot. In a Lords debate on obesity last week, Labour’s Lord Brooke suggested imposing 25% tariffs on “American products which are causing us difficulties – Coca-Cola, Pepsi, KFC, McDonald’s”. The government replied that the US is an “indispensable ally”. That craven attitude may be politic today – right until it fails tomorrow.The outlook for Britain and other countries is bleak. Wednesday is “liberation day”, when Trump’s tariffs will hit a range of goods likely to send global economies tumbling. There is near-zero expectation that Britain’s genuflections will save us from the same punishment as the rest. As for Trump demanding no VAT on US imports to the UK, that’s extorting with menaces a benefit denied to our own producers. Even i...

Politics

3 d. ago Donald Trump's tariffs spark major £650billion stock market MELTDOWN

Stock markets around the world took another tumble amid of concerns over the scale of US President Donald Trump's latest trade tariffs and the impact they will have

Economics

3 d. ago Starmer admits UK will face Trump tariffs this week as US president sparks global recession fears: Live

Markets tumble across UK, Europe and Asia after Trump announced he is set to impose a barrage of high tariffs on imported goods from around the world

Politics

3 d. ago Markets tumble in UK, Europe and Asia as Trump tariffs stoke fears of global recession: Live

US president announces he is set to impose various high tariffs on imported goods from around the world to counter trade practices that his government deems unfair in escalating trade war

Economics