3 d. ago UK trade deficit in goods hits record £56.6 billion after 'liberation day' Trump tariffs

However, the huge deficit in trade of physical goods was offset by a record surplus in services, says ONS

Economics

7 d. ago China launches an investigation into Mexico's tariffs on imports from Asia

China has opened an investigation into whether Mexico's import tariffs are a trade barrier

Economics

8 d. ago BP predicts higher oil and gas demand, suggesting world will not hit 2050 net zero target

Conflict in Ukraine and Middle East as well as trade tariffs are making states focus on energy securityBusiness live – latest updatesBP has raised its forecasts for oil and gas demand, suggesting the global net zero target for 2050 will not be met and highlighting a slowdown in the transition to clean energy.The energy company’s closely watched outlook report has estimated that oil use is on track to hit 83m barrels a day in 2050, a rise of 8% compared with its previous estimate of 77m barrels a day. Continue reading...

Events

1 week ago London’s Vagina Museum halts US sales over Trump’s trade tariffs

The museum almost closed in 2023 due to financing issues and has described the decision to stop US sales as “difficult”

Politics

2 w. ago South African trade officials in Washington for tariff talks and efforts to ease tensions

South African trade officials have held talks with their U.S. counterparts in Washington as Africa’s largest economy looks to repair strained relations and negotiate the lifting of heavy tariffs imposed by the United States

Politics

2 w. ago Will Trump turn the screw on Starmer? PM braces for president to raise 'free speech' and tech firms during state visit this week

Despite the Prime Minister's hopes to make trade and tariff removal the focus of the president's three-day visit, allies suggest he has other plans.

Politics

3 w. ago German exports threatened by trade war tariffs and weak demand; London tube strike enters fourth day – business live

German exports threatened by trade war tariffs and weak demand; London tube strike enters fourth day – business live  The Guardian

Events

3 w. ago Mexico's new tariffs on Asian imports aim to counter US trade pressures

Mexican import taxes on more than 1,400 products from China and other Asian countries will be as high as 50%, as the country tries to shore up domestic production and pass on some of the Trump administration’s tariff pain

Events

3 w. ago Artisanal Spirits Company: Scotch Malt Whisky Society owner takes action after £1m trade tariff blow

“What worked for Scottish whisky in the past is not going to be what unlocks future opportunity, and the industry is becoming more conservative at the precise moment it needs to be most radical” – Nick Sherrard, Label Sessions

Economics

3 w. ago Trump meets Scottish First Minister John Swinney to discuss whisky

Swinney met Trump at the White House to discuss whisky tariffs during a trip to the U.S. for trade talks

Politics

3 w. ago Trump meets Scottish First Minister John Swinney to discuss whisky tariffs

Swinney met Trump at the White House to discuss whisky tariffs during a trip to the U.S. for trade talks

Politics

3 w. ago First Minister has met President Trump to discuss whisky tariffs

First Minister John Swinney has met President Trump at the White House to discuss whisky tariffs after a trip to Washington DC for trade talks.

Politics

3 w. ago Volkswagen ‘nearing US trade deal’ as it says Trump tariffs have cost it billions

Carmaker’s CEO says Porsche is being squeezed by ‘sandwich’ of tariffs and weak Chinese marketBusiness live – latest updatesVolkswagen is closing in on a tariff deal with the US, the boss of the German carmaker has said, as it eyes up the market for affordable electric cars in Europe.Europe’s biggest car manufacturer, which also owns the Audi, Seat and Porsche brands, has been hit hard by Donald Trump’s trade tariffs, announced in April. The levies, combined with a turbulent market, have already cost “several billions”, the chief executive, Oliver Blume, said. Continue reading...

Economics

3 w. ago Blindsided by Trump, Modi is learning hard lessons about India's place in the new world order | Mukul Kesavan

New Delhi spent decades cosying up to the US. The truth is, Washington doesn’t have allies outside the west – it has clientsSign up for our new weekly newsletter Matters of Opinion, where our columnists and writers will reflect on what they’ve been debating, thinking about, reading and moreWhen Donald Trump won his second term, India’s ruling elite must have been quietly pleased. Prime minister Narendra Modi’s performative courting of King Donald, both in and out of office, suggested a special chemistry between these two titans of the hard right.As Trump set about remaking global trade and geopolitics by weaponising tariffs, India got into trade negotiations with the US early. New Delhi accepted that negotiations would be difficult, given its red lines on agricultural and dairy products. Yet it was optimistic about getting a deal commensurate with India’s economic heft – and strategic value to the US as a counterweight to China.Mukul Kesavan is an Indian historian, novelist and poli...

Politics

4 w. ago Trump’s radical agenda will ultimately reach a supreme court stacked in favor of conservatives

Court has already dramatically limited ability of lower courts to issue injunctions to pause administration policies across the USUS politics live – latest updatesThis week’s dramatic court ruling that Donald Trump’s sweeping trade tariffs, which he has used to upend global trade, were in fact illegal is the latest in a series of losses for the president’s radical agenda that are ultimately heading for a final showdown in the US supreme court.Trump has already asked the supreme court to overturn the lower court ruling in the tariffs case. Almost certain to follow are Trump’s invocation of the Alien Enemies Act to deport Venezuelans, his hostile conflict with Harvard University and his deployment of the national guard and marines to Los Angeles. All have been deemed unlawful in lower courts. Continue reading...

Politics

4 w. ago Trump asks US supreme court to overturn trade tariffs ruling

Move follows federal appeals court decision that sweeping ‘liberation day’ levies on imports had overstepped presidential powersBusiness live – latest updatesDonald Trump has asked the US supreme court to overturn a lower court decision that most of his sweeping trade tariffs were illegal.The US president filed a petition late on Wednesday to ask for a review of last week’s federal appeals court ruling in Washington DC, which centred on his “liberation day” border taxes introduced on 2 April, which imposed levies of between 10% and 50% on most US imports, sending shock waves through global trade and markets. Continue reading...

Politics