1 hour ago Why Elon Musk installed his top lieutenants at a federal agency you probably haven't heard of

The General Services Administration has a key role in the Trump administration’s quest to slash costs and bring the federal government to heel

Politics

10 h. ago Trump claims the cost of gas and groceries has gone down. Have they?

The price of some everyday goods, such as gasoline and bread, have become more affordable

Politics

60 h. ago Trump aides and El Salvador president say wrongly deported man won’t return to US: ‘No version of this ends with him living here’ – live

Nayib Bukele says he won’t return Kilmar Abrego Garcia while Stephen Miller says he would be deported again if he did come back to the USDonald Trump will meet this morning with El Salvador’s president, Nayib Bukele, at 11am ET at the White House.Referring to the cost of imprisoning the detainees in El Salvador, Trump told reporters on Sunday about Bukele:I think he’s doing a fantastic job, and he’s taking care of a lot of problems that we have that we really wouldn’t be able to take care of from a cost standpoint.He’s been amazing. We have some very bad people in that prison. People that should have never have been allowed into our country. People that murdered, drug dealers, some of the worst people on earth are in that prison. And he’s able to do that. Continue reading...

Politics

61 h. ago Trump and El Salvador’s president speak at White House amid backlash over deportations – US politics live

Nayib Bukele visits US amid questions over return of man wrongly deported to El Salvador; US deported 10 more people to the country at the weekendDonald Trump will meet this morning with El Salvador’s president, Nayib Bukele, at 11am ET at the White House.Referring to the cost of imprisoning the detainees in El Salvador, Trump told reporters on Sunday about Bukele:I think he’s doing a fantastic job, and he’s taking care of a lot of problems that we have that we really wouldn’t be able to take care of from a cost standpoint.He’s been amazing. We have some very bad people in that prison. People that should have never have been allowed into our country. People that murdered, drug dealers, some of the worst people on earth are in that prison. And he’s able to do that. Continue reading...

Politics

65 h. ago Trump to meet El Salvador’s president at White House amid backlash over deportations – US politics live

Nayib Bukele visits US amid questions over return of man wrongly deported to El Salvador; US deported 10 more people to the country at the weekendDonald Trump will meet this morning with El Salvador’s president, Nayib Bukele, at 11am ET at the White House.Referring to the cost of imprisoning the detainees in El Salvador, Trump told reporters on Sunday about Bukele:I think he’s doing a fantastic job, and he’s taking care of a lot of problems that we have that we really wouldn’t be able to take care of from a cost standpoint.He’s been amazing. We have some very bad people in that prison. People that should have never have been allowed into our country. People that murdered, drug dealers, some of the worst people on earth are in that prison. And he’s able to do that. Continue reading...

Politics

3 d. ago Global supply chains under pressure as Trump tariff uncertainties continue

Companies face rising freight costs, disrupted logistics and congested ports as trade networks reel from Trump’s policiesThe container ship was halfway across the Atlantic when Donald Trump levied tariffs on steel and aluminium imports to the US from most countries during his first term in office.At the stroke of a pen on a US presidential executive order, about £100,000 was added to the cost of one of the shipments on board, from UK advanced materials manufacturer Goodfellow, destined for a US customer. Continue reading...

Politics

3 d. ago Terrible timing and huge uncertainty: how ports and shipping are handling tariff turmoil

As they reel from Trump’s policies, companies say volatile freight costs and congestion are now the norm The container ship was halfway across the Atlantic when Donald Trump levied tariffs on steel and aluminium imports to the US from most countries during his first term in office.At the stroke of a pen on a US presidential executive order about £100,000 was added to the cost of one of the shipments on board, from the UK advanced materials manufacturer Goodfellow, destined for a US customer. Continue reading...

Events

4 d. ago Trump’s auto tariffs expected to cost industry over $100 billion, with millions fewer cars sold

Vehicle sales are predicted to plummet from auto tariffs and tightened spending by Americans due to import taxes on other goods

Economics

4 d. ago Donald Trump exempts iPhones and laptops from new tariffs in huge U

US consumers feared price of handsets could triple if passed on to them

Politics

4 d. ago Dealmaking genius or boy who cried wolf? Trump’s trade retreat sows doubts

Nothing is certain under this president – as seen in the inconsistent implementation of tariffs. And it has a longer-term economic costMinutes after Donald Trump unveiled a climbdown on tariffs, softening an extraordinary US attack on trade from much of the world, his press secretary scolded reporters at the White House.“Many of you in the media clearly missed The Art of the Deal,” said Karoline Leavitt, referring to the 1987 bestseller which laid the foundations of the president’s reputation as a consummate dealmaker. Continue reading...

Politics

5 d. ago What’s the true cost of Donald Trump? All the crises around the world that we’ve no time to fix | Jonathan Freedland

The US president adores the attention, but while leaders struggle to mitigate the damage he causes, other emergencies are getting worseWe’re all having to master a vocabulary that was once the preserve of specialists. Now everyone needs to know their tariffs from their treasuries, their levies from their yields. But there’s one more term from the realm of economics that urgently needs to enter our lexicon. Given what Donald Trump is doing to the world economy – and the world – we need to talk about opportunity cost.Put simply, opportunity cost is the value of opportunity lost. It’s the benefit you could have had if you had chosen a different path. For an economist, the opportunity cost of the Mars bar you bought is the Twix you didn’t.Jonathan Freedland is a Guardian columnist Continue reading...

Politics

5 d. ago Tariffs live: Gold prices hit record high after Trump admits concerns over transition ‘costs’

Falling stocks across Asia follow Wall Street sell-off as US president threatens to go ahead with ‘reciprocal’ levies

Economics

6 d. ago US consumers warned of higher prices from tariffs within weeks

Analysts estimate Donald Trump’s levies could cost the average household $4,700 a year

Events

6 d. ago Tariffs live: Asian markets tumble after Trump admits concerns over ‘costs and problems’

Falling stocks across Asia follow Wall Street sell-off as US president threatens to go ahead with ‘reciprocal’ levies

Economics

6 d. ago Asian markets sink as Trump admits ‘transition cost’ of tariffs – business live

Nikkei plunges 5.4% and other Asian markets reverse many of Thursday’s gains after historic rally following US president’s tariffs reprieveUS stocks fall again after rally following Trump’s shock retreat on tariffsThe US dollar slumped on Friday as waning confidence in the US economy prompted investors to ditch US assets to the benefit of safe havens like the Swiss franc, yen and euro, as well as gold.The yellow metal recorded a new all-time peak in early Asia trade, and the franc notched a fresh decade high, Reuters reports.There has been a pronounced ‘sell US’ vibe flowing through broad markets and into the classic safe-haven assets, with the USD losing the safe-haven bid. Continue reading...

Economics

6 d. ago Trump admits ‘transition cost’ of tariffs as global markets sink again – business live

US stocks tumble once more after historic rally following US president’s shock retreat on ‘reciprocal’ tariffsUS stocks fall again after rally following Trump’s shock retreat on tariffsIn the UK, shoppers stayed away from the high street in March, a situation retailers said could worsen if the economic gloom caused by Donald Trump’s tariff war hits consumer confidence.Footfall fell 5% in March to extend a downturn in February that retailers said could be attributed to a recent rise in inflation and pressure on pay packets since a brief revival during the January sales.Global uncertainties resulting from tariffs and a potential economic slowdown could reduce the appetite for shopping trips in the coming months. Continue reading...

Economics

6 d. ago Tariffs live: Trump admits ‘costs’ but warns higher levies will return if countries can’t strike deals with US

European stock markets rebound slightly after Trump makes humiliating U-turn on tariffs for most countries

Events

6 d. ago How Trump just made EVERYONE'S iPhone more expensive. The truth about how much more it could cost. And can the most complex supply chain in history really be relocated to America?

It is near-ubiquitous on Britain's high streets. But experts say Donald Trump's new trade tariffs on China - which is the world's greatest producer of the iPhone - could send its cost soaring.

Politics

7 d. ago Why Trump just made EVERYONE's iPhone more expensive. The truth about how much more it could cost. And can the most complex supply chain in history really be relocated to America?

It is near-ubiquitous on Britain's high streets. But experts say Donald Trump's new trade tariffs on China - which is the world's greatest producer of the iPhone - could send its cost soaring.

Politics

7 d. ago Keir Starmer vows not to loosen Labour's fiscal rules despite UK borrowing costs soaring to their highest level since 1998 amid Donald Trump's tariffs carnage

The yield on a 30-year gilt, or a UK government bond, hit 5.518 per cent this morning, up 16 basis points and surpassing a previous 27-year high of 5.472 per cent set in January.

Politics