9 h. ago FTSE suffers biggest daily drop since early in the pandemic as Wall Street slides again – business live

Global trade war escalates as Beijing hits back against Donald Trump with new tariffs on US goodsChina retaliates to Trump’s ‘bullying practice’ with 34% tariffs on US importsIMF warns of ‘significant risk’ to global economy from Trump tariffs as markets slideAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsNew Civil Liberties Alliance, a conservative legal group, has filed what it says is the first lawsuit seeking to block Donald Trump’s tariffs on Chinese imports, saying the US president overstepped his authority. Reuters reports:The lawsuit, filed in federal court in Florida, alleges that Trump lacked the legal authority to impose the sweeping tariffs unveiled on Wednesday as well as duties authorized on February 1 under the International Emergency Economic Powers Act.“By invoking emergency power to impose an across-the-board tariff on imports from China that the statute does not authorize, President Trump has misused that power, usurped Congress’s right ...

Economics

14 h. ago Stock markets plunge as China announces retaliatory 34% tariffs on US goods – business live

Global trade war escalate as Beijing hits back against Donald Trump with new tariffs on US goodsIMF warns of ‘significant risk’ to global economy from Trump tariffs as markets slideGlobal markets in turmoil as Trump tariffs wipe $2.5tn off Wall StreetAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsNew Civil Liberties Alliance, a conservative legal group, has filed what it says is the first lawsuit seeking to block Donald Trump’s tariffs on Chinese imports, saying the US president overstepped his authority. Reuters reports:The lawsuit, filed in federal court in Florida, alleges that Trump lacked the legal authority to impose the sweeping tariffs unveiled on Wednesday as well as duties authorized on February 1 under the International Emergency Economic Powers Act.“By invoking emergency power to impose an across-the-board tariff on imports from China that the statute does not authorize, President Trump has misused that power, usurped Congress’s right to contro...

Economics

14 h. ago Mark Rutte says US tariffs do not violate Nato commitments on ‘eliminating conflict in international economic policies’ – Europe live

Nato secretary general says ‘we have seen many examples of fights over tariffs in the past’ when pressed on US tariffsAsked further about Ukraine, Rutte lists a number of projects by Nato member states, including Poland, Denmark, and the Czech Republic.He says that “the shortest answer” to question on safety guarantees is to adopt measures that make sure that “Putin will never, ever try again to get one square kilometer or one square mile of Ukraine in the future, that he knows that there is a deterrence and a defence by which Ukraine can never be attacked in the future.” Continue reading...

Economics

18 h. ago FTSE 100 hits lowest level since January as IMF warns Trump tariffs ‘a significant risk’ to global economy – business live

Kristolina Georgieva warns against retaliation to US levies while US president insists ‘markets will boom’ after sweeping tariff announcementGlobal markets in turmoil as Trump tariffs wipe $2.5tn off Wall StreetAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsNew Civil Liberties Alliance, a conservative legal group, has filed what it says is the first lawsuit seeking to block Donald Trump’s tariffs on Chinese imports, saying the US president overstepped his authority. Reuters reports:The lawsuit, filed in federal court in Florida, alleges that Trump lacked the legal authority to impose the sweeping tariffs unveiled on Wednesday as well as duties authorized on February 1 under the International Emergency Economic Powers Act.“By invoking emergency power to impose an across-the-board tariff on imports from China that the statute does not authorize, President Trump has misused that power, usurped Congress’s right to control tariffs, and upset the Constitution’s ...

Events

34 h. ago US committed as ever to Nato and Trump is not against the alliance, says Rubio

Washington wants to see European countries increase defence spending to five per cent, the US secretary of state said

Politics

36 h. ago Trump’s ‘idiotic’ and flawed tariff calculations stun economists

‘Willing sycophants’ came up with simplistic formula that has thrown global economy into disarrayUS politics live – latest updatesUK politics live –latest updatesEurope live – latest updatesWaving a big chart as a prop in the White House Rose Garden, Donald Trump suggested his new tariff plan was simple: “Reciprocal – that means they do it to us, and we do it to them. Very simple. Can’t get simpler than that.”Perhaps a bit too simple. The method used to calculate the most important numbers in international trade, politics and economics has left some of the world’s leading experts shocked.Goods trade deficit: $291.9bnTotal goods imports: $438.9bnThose figures divided = 0.67, or 67%And halved = 34%Reciprocal tariffs are calculated as the tariff rate necessary to balance bilateral trade deficits between the US and each of our trading partners. This calculation assumes that persistent trade deficits are due to a combination of tariff and non-tariff factors that prevent trade from balanc...

Politics

41 h. ago China vows to retaliate against Trump's Liberation Day 'bullying' and accuses US of 'violating trade rules' while SE Asia is left reeling from huge tariffs

'History proved that raising tariffs will not solve US problems. There can be no winners in a trade war,' the Commerce Ministry in Beijing said as it vowed to take 'firm countermeasures'

Politics

3 d. ago FA lobbies UK government to make ‘tailgating’ at turnstiles a criminal offence

Governing body hopes law will be in place for Euro 2028FA: ‘Enforcing entry points is a huge drain on resources’The Football Association has stepped up its lobbying of the government to make forced entry into football stadiums, so-called “tailgating”, a criminal offence before the United Kingdom and Ireland host the 2028 men’s European Championship.The policing minister Dame Diana Johnson was a guest of the FA at Wembley for last month’s Carabao Cup final, where 68 of the 91 arrests made were for attempting to enter the ground without a ticket. Continue reading...

Politics

8 d. ago NATO scrambles to reassure Trump it can 'step up' after US defence chief berated 'European freeloading' in leaked text scandal

Mark Rutte, the Secretary General, told Donald Trump that 'now is not the time to go alone' and that 'Europe needs to know that Uncle Sam still has our back.'

Politics

9 d. ago All we know about four 'vanished' US soldiers found dead near Belarus border

NATO boss Mark Rutte was told the soldiers had died while on a training mission near the Belrus border in Lithuania – as Donald Trump tells reporters he wasn't briefed on the situation

Events

9 d. ago Four US soldiers killed in Lithuania, Nato secretary general says

Military officials say soldiers were conducting scheduled tactical training outside VilniusFour United States army soldiers have been killed in Lithuania during training, the Nato secretary general, Mark Rutte, said while visiting Warsaw on Wednesday.“Whilst I was speaking the news came out about four American soldiers who were killed in an incident in Lithuania,” Rutte told reporters, adding that he did not know any details. Continue reading...

Events

9 d. ago NATO issues direct WW3 threat to Vladimir Putin and warns of 'full force' retaliation

NATO Secretary-General Mark Rutte said in comments delivered alongside Polish Prime Minister Donald Tusk that there would be a 'devastating' response if Russia were to attack on Poland or another member state

Events

9 d. ago The European Union urges citizens to stockpile supplies to last 3 days in case of crisis

The European Union is urging citizens across the continent to stockpile food, water and other essentials to last at least 72 hours as war, cyberattacks, climate change and disease increase the chances of a crisis

Events

2 w. ago Harry’s immigration files to be released publicly, US court rules

Judge Carl Nichols ordered the release of the documents as part of an ongoing Freedom of Information request.

Events

3 w. ago Donald Trump makes confident five word Greenland invasion threat

US president Donald Trump said his country needs Greenland 'for international security' - and urged NATO chief Mark Rutte to help him acquire the Arctic territory.

Events

3 w. ago Trump believes US will annex Greenland as NATO leader tells him the organization will sit out potential takeover

Former Dutch prime minister Mark Rutte, now the NATO Secretary-General, declined to respond to Trump’s belligerent remarks

Politics

3 w. ago Watch live: Trump meets Nato chief after Musk calls for US to exit alliance

Watch live as Donald Trump meets Nato secretary general Mark Rutte at the White House on Thursday, 13 March, after Elon Musk called for the United States to leave the alliance.

Politics

3 w. ago Watch: Trump meets Nato chief after Musk calls for US to exit alliance

Watch as Donald Trump meets Nato secretary general Mark Rutte at the White House on Thursday, 13 March, after Elon Musk called for the United States to leave the alliance.

Politics

3 w. ago Donald Trump makes fresh Greenland invasion threat with five chilling words

US president Donald Trump said his country needs Greenland 'for international security' - and urged NATO chief Mark Rutte to help him acquire the Arctic territory

Events

3 w. ago Brussels proposes collective arms purchases for EU member states

Response to Donald Trump’s policies would shift decision-making power in Europe

Politics