93 m. 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

2 h. ago Trump live: Markets see worst day since Covid after new tariffs as president teases $5m gold card featuring his face

President Trump imposes blanket tariffs on all countries, hitting China and Europe hardest

Politics

2 h. ago Asian markets drop further 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 announcementFull report: Global markets in turmoil as Trump tariffs wipe $2.5tn off Wall StreetAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsSenior senators introduced new bipartisan legislation on Thursday seeking to claw back some of Congress’s power over tariffs after Donald Trump unveiled sweeping new import taxes and rattled the global economy with sweeping new import taxes.The Trade Review Act of 2025, co-sponsored by Senator Chuck Grassley, a top Republican lawmaker from Iowa, a state heavily reliant on farm exports, and Senator Maria Cantwell, a Democrat from Washington, whose state shares a border with Canada, would require the president to notify Congress of new tariffs, and provide a justification for the action and an analysis on the potential impact on US businesses and consumers. Continue reading...

Events

3 h. ago Trump tariffs live: President teases $5m gold card for US entry which features his own face on day that stocks plunge globally

President Trump imposes blanket tariffs on all countries, hitting China and Europe hardest

Politics

4 h. ago As markets melt down, Trump touts $5m gold card for wealthy immigrants (featuring his face)

‘For $5 million, this could be yours,’ Trump says of card available to wealthy immigrants to buy a right to live and work in the U.S.

Economics

5 h. ago Sir Keir Starmer is 'very happy' with UK tariffs, Trump says

Stock markets took a £2trillion hit yesterday after the US president slapped huge tariffs on America's trading partners, stoking widespread fears of a recession.

Politics

5 h. ago Mark Zuckerberg finally revealed as mystery cash buyer of a $23 million D.C. mansion

Jeff Bezos and Peter Thiel, among other tech executives, also own homes in Washington, DC

Economics

5 h. ago UK Government mulls response to Trumps tariffs as global markets slide

The UK has drawn up an ‘indicative list’ of possible retaliatory tariffs, but is unlikely to hit back this month.

Politics

6 h. ago Mark Wright shares rare glimpse of baby daughter as he heads with Michelle Keegan to exclusive retreat

Mark Wright has posted adorable photos of his baby daughter Paloma as they headed on a trip to Soho Farmhouse with Michelle Keegan, with Mark writing: "In my Dad era."

Politics

7 h. ago Trump tariffs live: US markets see worst day in five years as president claims ‘stock is going to boom’

US president insists country is going to flourish as markets close sharply down; Republican ex-leader Mitch McConnell says tariffs are a ‘bad policy’US stock markets have worst day since Covid over Trump tariffsGlobal markets in turmoil amid Trump tariffsTrump’s chaos-inducing global tariffs, explained in chartsIn 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

7 h. ago Global markets in turmoil as Trump tariffs wipe $2.5tn off Wall Street

Economists say levies of between 10% and 50% have dramatically added to the risk of a worldwide downturnGlobal financial markets have been plunged into turmoil as Donald Trump’s escalating trade war knocked trillions of dollars off the value of the world’s biggest companies and heightened fears of a US recession.As world leaders reacted to the US president’s “liberation day” tariff policies demolishing the international trading order, about $2.5tn (£1.9tn) was wiped off Wall Street and share prices in other financial centres across the globe. Continue reading...

Economics

8 h. ago Trump gives stunning response to Wall Street bloodbath as his tariffs cause biggest stock drop since Covid crash

Wall Street was shell shocked Thursday after the biggest stock market rout since Covid/ Trump's tariffs sparked fears of a US and global recession.

Events

8 h. ago Apple loses more than $300bn in market value from Trump tariff hit

iPhone maker one of Wall Street’s biggest casualties despite Tim Cook’s efforts to court US president

Economics

8 h. ago Percy Pig US invasion could be thwarted by Donald Trump's tariff gamble

Marks & Spencer’s popular Percy Pig range has just been rolled out in Target shops across the US but its success is likely to take a battering following Donald Trump’s tariffs

Events

8 h. ago Dow and NASDAQ see historically bad day with plunges among worst ever as Trump tariffs spark sell

Trump’s tariff plan will ‘level the playing field for American workers,’ the treasury secretary said Thursday as the stock markets slide

Politics

8 h. ago US stock market plunges as Trump tariffs wipe £1.5 trillion off Wall Street

Trump slapped a 10% tariff on most US imports and much higher levies on dozens of other countries

Economics

8 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

8 h. ago Starmer is right to try to maintain the dignity of the nation – and avoid provoking Trump’s irrational side

Editorial: Balancing Britain’s interests with nurturing the US-UK special relationship is going to require every ounce of clearheadedness the prime minister can muster

Politics

8 h. ago Donald Trump insists US 'going to boom' from tariffs despite stock market plunge

US President Donald Trump revealed a raft of tariffs on Wednesday causing stock markets to plunge but he remains confident saying: "I think it's going very well"

Politics

8 h. ago Mark Wright cradles daughter Palma as he enjoys being in his 'dad era' on family trip with wife Michelle Keegan

The TOWIE star, 38, and his wife, 37, announced the birth of their first child in March and have been enjoying the first few weeks of being parents.

Politics