8 h. ago Pete Hegseth says the US is 'prepared' to go to war with China after tariff retaliation threat

Defense Secretary Pete Hegseth said the U.S. is 'prepared' for war with China in response to fighting words from the Chinese Embassy in the U.S. as the trade war heats up.

Events

11 h. ago Interest rate cuts might not be 'rapid' due to 'sticky' inflation, Bank of England chiefs warn as they highlight 'substantial' risks from Trump's trade war

Giving evidence to MPs, the Bank's chief economist Huw Pill warned interest rates might not fall as fast as hopes because there is still 'more work to do' to tackle price pressures.

Events

13 h. ago The 2026 Trade War World Cup encapsulates our new nativist world order | Aaron Timms

The Trump administration’s tariffs have sparked tension with co-hosts Canada and Mexico. That’s bad news for a tournament that is supposed to unite nationsThe start of the run-up to a World Cup is traditionally an upbeat affair. New stadium launches, inclusion-friendly marketing and merch campaigns, the unveiling of a tournament song or quirky mascot: these are the traditional signals by which host nations announce that the big show is approaching. This time, pre-tournament preparations are taking shape a little differently. Thanks to Donald Trump and his determination to pursue economic armageddon against the US’s co-hosts, Canada and Mexico, the tone for the 2026 World Cup is being set not by Shakira or an anthropomorphic keffiyeh but by reciprocal tariffs, a flurry of cross-border insults, and crumbling diplomatic relations between the host nations. On Tuesday, Trump confirmed that the US will begin imposing levies on most imports from Canada and Mexico; Canada immediately retali...

Events

15 h. ago China warns it’s prepared for ‘any type of war’ with US in response to Trump tariffs

Livid China warns US against intimidation and bullying

Events

16 h. ago Trump’s tariffs will harm UK and lead to higher inflation, admits Rachel Reeves

US president facing retaliation from Canada and China after imposing long threatened tax on goods amid fears of a global trade war

Economics

18 h. ago China warns it is prepared for ‘any type of war’ with US in response to Trump tariffs

Livid China warns US against intimidation and bullying

Events

19 h. ago How Trump’s tariffs on Canada, Mexico and China will impact US businesses and shoppers

President Donald Trump’s long-threatened tariffs have plunged America into an escalating trade war — and consumers and businesses will be the hardest hit

Economics

21 h. ago As Republicans thunderously applauded and Democrats walked out in droves, Trump’s Congress speech showcased the US divide | Lloyd Green

The president continues to yearn for adulation, but self-deprecation and modesty were nowhere to be found in his address to CongressTrump declares administration ‘just getting started’ in address to CongressDonald Trump is busy while the world around him is mired in chaos. Six weeks into his second term, he has reversed the course of US policy towards Ukraine, imposed tariffs on China, Canada and Mexico, and delegated the task of slashing government to Elon Musk. The stock market swoons.Recession and stagflation are no longer hypotheticals. The term “trade war” fills the headlines. The Dow sits hundreds of points below where it stood on Inauguration Day. Trump’s second term is already consequential and controversial. Continue reading...

Politics

21 h. ago Trump declares administration ‘just getting started’ in address to Congress

President boasted about efforts to slash federal workforce and reorient foreign policy as Democrats protested from chamberDonald Trump on Tuesday declared that his administration was “just getting started”, boasting in an extended address to Congress and the American public about his administration’s efforts to slash the size of the federal workforce, reorient US foreign policy and escalate a risky trade war as Democrats protested from the chamber with placards that read “lies” and “false”.“America is back,” Trump declared, opening the his primetime speech to a joint session of Congress, the first of his second term and the longest in American history. Republicans broke into a boisterous chant of “USA”. Continue reading...

Politics

26 h. ago China keeps its economic growth target at 'around 5%' for 2025

China is keeping its economic growth target at “around 5%” for 2025 despite a looming trade war with the United States and other headwinds

Economics

26 h. ago What to know about Trump's tariffs and their impact on businesses and shoppers

U.S. President Donald Trump’s long-threatened tariffs are here — plunging America into an escalating trade war with China, Canada and Mexico

Economics

29 h. ago Rachel Reeves warns Britain will not escape the pain of Donald Trump's trade wars as global markets tumble

It came as Mr Trump's swingeing new tariffs on imports from Mexico , Canada and China took effect - and all three countries said they would retaliate.

Events

30 h. ago US consumers warned to brace for higher prices due to Trump’s tariffs

Prices ‘highly likely’ to rise almost immediately, retailers say, after 25% duty hits exports from Mexico and CanadaTrump’s Congress speech – latest updatesAmericans have been warned to brace for higher prices within days of Donald Trump pulling the trigger on Monday, imposing US tariffs on goods from Canada and Mexico and hiking tariffs on China.Global stock markets came under pressure again on Tuesday, with leading indices falling sharply – and the benchmark S&P 500 losing all its post-election gains – as Canada, Mexico and China vowed to retaliate, and investors balked at the prospect of an acrimonious trade war. Continue reading...

Events

31 h. ago Trump’s Tariffs and retailers’ warnings: The truth behind the US economy and whether a recession is coming

The economy under Trump’s first month in office is not what he promised on the campaign trail and it looks to be an uncertain year for the average American, economists told The Independent

Events

32 h. ago Trump slams ‘Governor Trudeau of Canada’ in escalating tariff trade war that caused market plunge: Live

President’s trade aggressions cause further unease after he suspends American aid for Ukraine

Politics

32 h. ago Trudeau condemns ‘dumb’ Trump trade war as Canada strikes back with tariffs

Canada’s prime minister says the US president wants to usher in the ‘complete collapse’ of the Canadian economyJustin Trudeau has claimed the aim of a “dumb” trade war launched by Donald Trump is to usher in the “complete collapse” of the Canadian economy and make it easier for the United States to annex Canada.Speaking hours after the US slapped 25% taxes on Canadian and Mexican goods – and a 10% levy on Canadian energy exports – the prime minister announced retaliatory tariffs on US exports and said his country would remain defiant against the aggression. Continue reading...

Events

33 h. ago Furious Justin Trudeau calls Donald Trump's tariffs 'dumb' and vows to escalate trade war

Canadian Prime Minister Justin Trudeau delivered a strong rebuke of President Donald Trump's decision to level punishing tariffs on their country.

Politics

33 h. ago Trump’s tariffs will harm UK even if we’re exempt, admits Rachel Reeves

US president facing retaliation from Canada and China after imposing long threatened tax on goods amid fears of a global trade war

Politics

34 h. ago Reeves warns trade war will harm UK’s economy even if it avoids tariffs

Chancellor says growth and inflation will be hit by fallout from global friction

Events

35 h. ago Watch live: Justin Trudeau announces Canada’s response to Donald Trump’s tariffs

Watch live as Canadian prime minister Justin Trudeau announces his country’s response to Donald Trump’s imposed tariffs.

Politics