2 h. ago Rachel Reeves live: Economists fear more tax hikes in autumn Budget after UK borrowing soars

Rachel Reeves is preparing for crucial talks with her US counterpart as she pushes to secure a trade deal

Economics

3 h. ago Rachel Reeves live: ‘Collapse in confidence’ warning from UK businesses ahead of Trump trade talks

Activity across the UK’s private sector falls to more than two-year low amid Trump tariffs

Events

4 h. ago Rachel Reeves US talks live: Pressure mounts on chancellor as UK borrowing soars ahead of Trump trade showdown

The chancellor is preparing for crucial Washington talks with Donald Trump's Treasury secretary

Politics

6 h. ago Rachel Reeves US talks live: Chancellor in Washington for major Trump trade deal talks

The chancellor is preparing for crucial Washington talks with Donald Trump's Treasury secretary

Politics

6 h. ago Rachel Reeves US talks live: Chancellor under pressure to secure Trump trade deal

The chancellor is preparing for crucial Washington talks with Donald Trump's Treasury secretary

Politics

8 h. ago Rachel Reeves US talks live: Chancellor under pressure to secure Trump trade deal amid tax hike fears

The chancellor is preparing for crucial Washington talks with Donald Trump's Treasury secretary

Economics

56 h. ago Secondhand stores are poised to benefit if US tariffs drive up new clothing costs

Stores selling secondhand clothing, shoes and accessories are poised to benefit from the Trump administration’s trade war even as global businesses race to avoid potential damage

Economics

4 d. ago Starmer and Trump discuss ‘ongoing and productive’ trade talks

They also talked about the situation in Ukraine, Iran and recent action taken against the Houthis in Yemen.

Politics

6 d. 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

1 week ago White House says there is ‘great optimism’ in the economy despite ongoing market volatility – business live

Markets pick up slightly after earlier falls amid increasing fears of recession while White House insists Trump’s tariffs are ‘proven economic formula’US stocks fall again after rally following Trump’s shock retreat on tariffsWhat are bonds and why have they spooked Donald Trump?The 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

1 week ago GDP jump offers Rachel Reeves some light as UK enters Trump tariff tunnel

Growth defied forecasts that chancellor had hobbled economy, but trade war casts long shadowUK economy far exceeds forecasts to grow 0.5%Business live – latest updatesEarlier this year Rachel Reeves was being written off for having jeopardised Britain’s economy. The chancellor’s tax-raising autumn budget had sapped business investment, spooked the financial markets and put the jobs market at risk.The latest official figures showing stronger-than-expected economic growth of 0.5% in February will therefore come as a boost for the embattled chancellor, in a sign that the economy was in better health than her critics claimed. Continue reading...

Politics

1 week ago What do Trump’s 145% tariffs on China mean and who will be affected?

As China and the US both lash out with 125% tariffs, Alicja Hagopian and Millie Cooke look at what industries will be hardest hit.

Politics

1 week ago Greater Manchester businesses quizzed as Donald Trump tariffs 'reshape national trade'

"The United States is Greater Manchester's largest trading partner, and the tariffs present significant hurdles for businesses"

Politics

1 week ago China raises tariffs on US goods from 84% to 125%, finance ministry says – business live

China’s finance ministry said it will resolutely take countermeasures against Trump tariffs and fight to the endUS stocks fall again after rally following Trump’s shock retreat on tariffsLife in Shanghai, China’s commercial capital, goes on but anti-US sentiment is hardeningThe 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

1 week ago FTSE 100 opens higher as Macron warns Trump tariff suspension only a ‘fragile pause’ – business live

European markets open following a mixed picture across Asia with the Nikkei showing another fallUS stocks fall again after rally following Trump’s shock retreat on tariffsLife in Shanghai, China’s commercial capital, goes on but anti-US sentiment is hardeningThe 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...

Events

1 week ago Trump tariff suspension only a ‘fragile pause’, says Macron, as gold soars amid market jitters – business live

Nikkei plunges 5.4% but other Asian markets see mixed results as some reverse many of historic rally’s gains after US president’s tariffs reprieveUS stocks fall again after rally following Trump’s shock retreat on tariffsLife in Shanghai, China’s commercial capital, goes on but anti-US sentiment is hardeningThe 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

1 week ago Life in Shanghai, China’s commercial capital, goes on but anti

Chinese companies are relieved Trump’s wider tariffs have been paused but on social media, posts are full of defianceOn Thursday morning in Shanghai, as shoppers filled the luxury malls and delivery drivers whizzed around the winding streets at breakneck speed, financiers breathed a cautious sigh of relief. Overnight, US President Donald Trump had reversed course, announcing a 90-day pause on his so-called “reciprocal tariffs” of up to 50% for dozens of countries. Although China got no such reprieve – instead, the levy on Chinese goods was increased to 145% – the temporary return of normal trade channels showed Chinese businesspeople that all was not lost.Trump’s announcement of punitive tariffs on countries across south-east Asia had risked closing off the routes that Chinese companies have been using since his first term in office to circumvent his levies. Continue reading...

Politics

1 week 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

1 week 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

1 week ago US markets close with steep losses as Trump tariffs branded ‘worst self

Wall Street stocks tumbled again as investors remain jittery while former US treasury chief criticises Trump’s economic policyChina and the European Union have exchanged views on strengthening their economic and trade cooperation in response to US tariffs, the Chinese commerce ministry said on Thursday, according to Reuters news agency.In a video call on Tuesday, China’s commerce minister Wang Wentao discussed with European trade and economic security commissioner Maros Sefcovic the restart of talks on trade relief and to immediately carry out negotiations on electric vehicle price commitments, the Chinese ministry statement said. Continue reading...

Economics