7 h. ago Flattery gets Starmer somewhere as The Donald stays awake to toot tariff deal | John Crace

Sycophancy stops Trump from dozing off as PM and co hail victory – or at least getting what they could getThree days ago, Donald Trump promised an announcement that would be very possibly the greatest announcement in the whole history of announcements. Come Thursday morning, he said the US and the UK had reached a full and comprehensive trade deal.I guess a lot depends on what you mean by the words “greatest announcement” and “full and comprehensive”. As details of the deal began to emerge, it rather looked as if the UK had managed to negotiate a worse deal with the US than we had even two months ago. One that was hardly transformative. Just reversing some of the damage that had been done to the UK by the US starting a global trade war. Tariffs as a protection racket. Continue reading...

Economics

12 h. ago Trump revealing ‘full and comprehensive’ trade deal with UK in first major announcement since starting global trade war

Thursday’s announcement will mark the first major global trade deal since Trump unveiled sweeping tariffs in April

Politics

17 h. ago Maersk boss says upending global trade with tariffs could take decades

Vincent Clerc says changing supply chains fast using trade war is ‘very unrealistic’

Economics

4 d. ago 'I missed my son's 12th birthday to save Britain's steel industry'

The Manchester Evening News speaks to the man at the centre of the race to save British Steel and deal with Trump's tariffs and a global trade war

Politics

6 d. ago America says it’s Trump’s economy (despite his constant blaming of Biden)

Donald Trump has consistently blamed Joe Biden for the turbulent stock market after the president triggered a global trade war with his tariffs

Politics

8 d. ago UPS cites Trump tariffs as it announces expected layoffs of 20,000 workers

Company cites ‘current macro-economic uncertainty’ as sweeping tariffs discourage customers from shippingBusiness live – latest updatesThe United Parcel Service (UPS) is expected to cut about 20,000 jobs in 2025 as a part of a larger plan to reduce costs and increase profit, citing “changes in the global trade policy and new or increased tariffs”.UPS announced the layoffs on Tuesday in its first quarter earnings report. The parcel delivery service said it made consolidated revenues of $21.5bn, compared with $21.7bn about the same time a year ago. Additionally, the company said it would be shuttering 73 leased and owned buildings by the end of June of this year. Continue reading...

Politics

1 week ago FBI arrests judge for alleged obstruction of immigration arrest operation, Patel says in deleted social post – live

Kash Patel has since deleted the post on X that had said a Wisconsin judge was arrested and accused of helping an immigrant ‘evade arrest’Apple is reportedly planning to switch assembly of all iPhones for the US market to India as the company seeks to reduce its reliance on a Chinese manufacturing base amid Donald Trump’s trade war.The $3tn (£2.3tn) technology company aims to make the shift as soon as next year, the Financial Times reported. Continue reading...

Events

1 week ago Swiss leader says Trump administration foresees ‘privileged’ talks with 15 countries on US tariffs – US politics live

Karin Keller-Sutter, Swiss president, says Switzerland is among 15 countries with which US plans to hold negotiations to reach deals over tariffsThe Swiss president says Switzerland is among 15 countries with which the United States plans to conduct “privileged” negotiations to help reach a deal after sweeping US tariffs on dozens of countries that have shaken global markets, reports the Associated Press (AP).Karin Keller-Sutter, in an interview with broadcaster SRF published Friday, said she was “satisfied” with talks in Washington this week that included an International Monetary Fund conference and her one-on-one meeting with US treasury secretary Scott Bessent. Keller-Sutter also serves as Switzerland’s finance minister. “The United States has defined a group of 15 countries with which it wants to find a quick solution in this tariff question. Switzerland is part of this group of these 15 countries,” she told reporters separately late on Thursday in Washington, according to the ...

Politics

2 w. ago Trump’s tariffs spark global recession fears as White House hints at trade deal with China: Live updates

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

Economics

2 w. ago Peter Navarro: the economist who has outsmarted Elon Musk and has the ear of Donald Trump

US president’s chief trade adviser is intellectual driving force behind global tariffs and trade war with ChinaElon Musk called him “dumber than a sack of bricks” but, in the raw contest for political power, Peter Navarro has outsmarted the billionaire.The tumult in global trade shows that for now it is the 75-year-old economist, not Musk, who has Donald Trump’s ear in the Oval Office. Continue reading...

Politics

2 w. ago Show goes on for Ralph Lauren as fashion reels from Trump tariffs

With the sector bracing itself for a global trade war, investors may find comfort in a trusted pair of handsTwo weeks after Donald Trump announced his “liberation day” tariffs, the fashion industry finds itself in turmoil as it tries to navigate the chaos unleashed.Some are calling it the “tariffpocalypse”, with the sector bracing itself for a global trade war, snarling up supplies and hiking costs, alongside plummeting consumer confidence. Continue reading...

Politics

3 w. ago EU chief Ursula von der Leyen delivers crippling warning to the West as she condemns Trump's inner circle of 'bros' and 'oligarchs'

The President of the EU, painted a grim picture of transatlantic relations to Die Zeit, contrasting Washington's tariffs and unpredictable behaviour to the EU's commitment to global trade.

Events

3 w. ago Trump's inner circle of 'bros' and 'oligarchs' are condemned by EU chief von der Leyen as she declares 'the West as we knew it no longer exists'

The President of the EU, painted a grim picture of transatlantic relations to Die Zeit, contrasting Washington's tariffs and unpredictable behaviour to the EU's commitment to global trade.

Politics

3 w. ago World Trade Organisation says global trade could slide this year because of Trump’s tariff policies

‘Enduring uncertainty threatens to act as a brake on global growth’ says international trade forum

Politics

3 w. ago Trump tariffs will send global trade into reverse this year, warns WTO

World Trade Organization says trade between US and China is expected to plunge by 81% in ‘decoupling’Donald Trump’s tariffs will send international trade into reverse this year, depressing global economic growth, the World Trade Organization has warned.In its latest snapshot of the global trading system, the Geneva-based institution says it had previously expected goods trade to expand by a healthy 2.7% this year. As a result of Washington’s trade policy, it is now forecasting a 0.2% decline. Continue reading...

Events

3 w. ago Baba Vanga made eerie prediction about the global economy in 2025

As the US president threatens to set the global finance trade ablaze with his controversial tariffs, the Economic Times reports that Baba Vanga was the first to foresee it.

Politics

3 w. ago UK eyes major trade breakthrough with US despite global tariff turmoil

The UK is among a number of countries that face US tariffs of 10% on a huge range of goods, from food to clothes to furniture, which were announced two weeks ago

Politics

4 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

4 w. ago Will Trump’s tariff chaos be China’s gain in global trade wars?

As China retaliates against tariffs, it is also making strategic manoeuvres on EU and Asia to maximise opportunitiesBusiness live – latest updatesOn the basis of Napoleon’s dictum “never interrupt your enemy while they are making a mistake”, there was a large incentive for China to do precisely nothing as Donald Trump displayed his determination to lose friends and induce market panic. Indeed, the Chinese advocates of passivity cited a social media meme attributed to President Xi Jinping: “Do nothing. Win.”Initially it was tempting for China to sit back and watch the US’s former allies recoil at Trump’s disruptive war on globalisation and let them realise that, by comparison, China represented an oasis of stability, modernity and predictability. Continue reading...

Events

4 w. ago Petrol to fall below 130p a litre within days as Trump tariffs cause oil price to plunge

Fears that Trump's new trade tariffs could trigger a global recession has sent oil prices plummeting - and drivers will benefit at the pumps.

Politics