1 hour ago JCB is the first big British firm planning to boost production in the US in response to Trump's tariffs

JCB has become the first major British manufacturer to say it will bolster its US operations in response to Donald Trump's tariffs.

Politics

2 h. ago Brown University to see half a billion in federal funding halted by Trump administration

A White House official says the Trump administration is planning to halt more than half a billion dollars in contracts and grants awarded to Brown University

Politics

6 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

7 h. ago GM will dramatically increase car production in US after Trump tariffs

An American carmaker is set to increase production at its Indiana plant. The move comes one day after President Donald Trump slapped 25 percent tariffs on auto imports.

Politics

7 h. ago Trump finally goes all in on tariffs. Free traders on the right and left are furious

ANALYSIS: The immediate anger and fallout from Trump’s tariff plan illustrates how a poor U.S. economy could politically isolate the president, writes John Bowden

Politics

10 h. ago Labour tries to seem in control while The Donald unleashes chaos on the world | John Crace

Underneath the measured words you could almost smell the panic as the government scrambled to come up with a plan to respond to Trump’s tariffsWith characteristic humility and good grace Hardly.Shortly after 9pm UK time on Wednesday, the Sun-Bed King made his way to the White House Rose Garden, looking every bit the dishonest bookie as he held up a board with every country’s separate tariff. He might as well have been signposting the odds on a global recession. Continue reading...

Events

13 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

13 h. ago John Swinney has 'no plans' to meet with Trump Administration officials when in New York

The First Minister is jetting off to New York as part of the city's annual Tartan Day celebrations.

Politics

19 h. ago Trump ‘acted for his country’ with tariff plans, Starmer says

Prime minister vowed to keep ‘a cool head’ in a sign he won’t retaliate against US president’s tariffs

Politics

20 h. ago Trump shuts major online shopping loophole in blow to bargain hunters as his sweeping tariffs take effect

Donald Trump signed an executive order as part of his 'Liberation Day' plans that charges a 30% tax on orders under $800 from foreign retailers that could change the face of online shopping forever.

Economics

27 h. ago Trump goes full gameshow host to push his tariff plan – and nobody’s a winner

There were charts and scores, as if The Price Is Right had come to Washington. The big prize? A global trade warIt was Jeopardy!, or The Price Is Right, come to Washington.On an unseasonably chilly day in the White House Rose Garden, Donald Trump stood with a giant chart listing which reciprocal tariffs he would impose on China, the European Union, the United Kingdom and other hapless contestants. Continue reading...

Politics

28 h. ago The Latest: Business leaders warn Trump tariffs will raise prices for US consumers

President Donald Trump has announced plans for sweeping tariffs

Events

28 h. ago Donald Trump sparks global trade war as UK caught in 'Liberation Day' tariff blitz

US President Donald Trump set out plans for vengeance against nations he claimed had 'ripped off' US taxpayers, saying: 'Our country has been looted, pillaged, raped, plundered'

Events

28 h. ago Donald Trump declares global trade war as UK caught in 'Liberation Day' tariff blitz

US President Donald Trump set out plans for vengeance against nations he claimed had 'ripped off' US taxpayers, saying: 'Our country has been looted, pillaged, raped, plundered'

Events

29 h. ago Trump’s wall of tariffs is likely to raise prices and cause chaos for business

President promised liberation yet may have plunged the US into recession and the world into an economic scrambleDonald Trump is finally making good on his campaign promises to “build that wall” – but instead of steel fencing along the Mexican border, it will be constructed from tariffs, and will enclose the entire United States.In his pugnacious and typically rambling speech on the White House lawn on Wednesday, Trump set out plans for across-the-board import taxes, ranging from 10% to more than 40%. Continue reading...

Economics

30 h. ago Trump confirms 25% levy on all foreign automakers and vows to impose ‘reciprocal’ tariffs worldwide – live

US president says new tariffs will become effective at midnight ETDonald Trump’s planned tariffs will be negative across the world, with the damage depending on how far they go, how long they last and whether they lead to successful negotiations, the European Central Bank head, Christine Lagarde, said on Wednesday.The Trump administration on Wednesday is set to announce “reciprocal tariffs” targeting nations that have duties on US goods. That move would come after it slapped new import levies on products from Mexico, China and Canada – the top US trading partners – as well as on goods including steel and autos.Wisconsin beat the billionaire.Wisconsin cannot be bought. Our democracy is not for sale. And when we fight, we win. Congratulations, @CrawfordForWI Continue reading...

Politics

31 h. ago Trump ‘Liberation Day’ live news: Trump to announce reciprocal tariffs plan amid fears of escalating trade war

All eyes on President Trump as he prepares to reveal next phase of sweeping tariff agenda, as global markets fear escalating trade war

Politics

32 h. ago Trump hours away from unveiling global tariffs in possible shake

US president claims tariffs part of a ‘liberation day’ that could include levies for China, Brazil, India and the European UnionDonald Trump’s planned tariffs will be negative across the world, with the damage depending on how far they go, how long they last and whether they lead to successful negotiations, the European Central Bank head, Christine Lagarde, said on Wednesday.The Trump administration on Wednesday is set to announce “reciprocal tariffs” targeting nations that have duties on US goods. That move would come after it slapped new import levies on products from Mexico, China and Canada – the top US trading partners – as well as on goods including steel and autos.Wisconsin beat the billionaire.Wisconsin cannot be bought. Our democracy is not for sale. And when we fight, we win. Congratulations, @CrawfordForWI Continue reading...

Politics

34 h. ago Trump hours away from unveiling global tariffs in possible shakeup of US economic strategy – live

US president claims tariffs part of a ‘liberation day’ that could include levies for China, Brazil, India and the European UnionDonald Trump’s planned tariffs will be negative across the world, with the damage depending on how far they go, how long they last and whether they lead to successful negotiations, the European Central Bank head, Christine Lagarde, said on Wednesday.The Trump administration on Wednesday is set to announce “reciprocal tariffs” targeting nations that have duties on US goods. That move would come after it slapped new import levies on products from Mexico, China and Canada – the top US trading partners – as well as on goods including steel and autos.Wisconsin beat the billionaire.Wisconsin cannot be bought. Our democracy is not for sale. And when we fight, we win. Congratulations, @CrawfordForWI Continue reading...

Economics

34 h. ago Trump ‘Liberation Day’ live: President to unveil tariff plan from Rose Garden as world braces for its economic impact

All eyes are on President Trump as he prepares to reveal the next phase of his sweeping tariff agenda, leaving global markets fearing a trade war

Politics