6 h. ago Trump says US in direct talks with Iran over nuclear program as he holds Oval Office meeting with Netanyahu – US politics live

President says talks to continue on Saturday and adds he and Israeli president also discussed tariffs and Israel-Gaza warEU ministers are in Luxembourg to consider the European Union’s response to Trump’s sweeping tariff regime amid continuing market turmoil and heightened fears of a global economic recession.It comes after Trump doubled down on his tariff policy in comments aboard Air Force One overnight. He said Europe “has treated us very, very badly,” and “has taken our leaders for a ride”, and declined to hold talks on changing tariffs “unless they pay us a lot of money on a yearly basis”. He also repeated criticism of Europe for not spending a fair share on Nato. Continue reading...

Politics

10 h. ago Trump threatens China with extra 50% tariffs if country fails to withdraw 34% retaliatory levies – US politics live

US president escalates trade war with China, saying all negotiations will be terminated and additional levies will take effect on WednesdayGlobal stock markets tumble over tariff ‘medicine’Wall Street falls continue – business liveWhich Trump billionaires have lost the most?EU ministers are in Luxembourg to consider the European Union’s response to Trump’s sweeping tariff regime amid continuing market turmoil and heightened fears of a global economic recession.It comes after Trump doubled down on his tariff policy in comments aboard Air Force One overnight. He said Europe “has treated us very, very badly,” and “has taken our leaders for a ride”, and declined to hold talks on changing tariffs “unless they pay us a lot of money on a yearly basis”. He also repeated criticism of Europe for not spending a fair share on Nato. Continue reading...

Politics

11 h. ago Wall Street dives at opening in fresh stock market turmoil caused by Donald Trump tariffs

Volatile trading as US markets open as President Trump shows no signs of backing down over blanket tariffs on US imports

Politics

12 h. ago Bosses of the world's biggest banks hold urgent private talks over the financial market turmoil after Donald Trump's tariffs blitz

Chief executives from Bank of America, Barclays, Citi and HSBC Holdings are said to have discussed the scale of disruption in global financial markets during an urgent call yesterday.

Economics

12 h. ago Trump says Federal Reserve should cut rates; Canada initiates WTO dispute over car tariffs – US politics live

US economic council head denies tariffs were part of strategy to pressure Fed to cut interest rates; Canada says measures breach trade agreementsEU ministers are in Luxembourg to consider the European Union’s response to Trump’s sweeping tariff regime amid continuing market turmoil and heightened fears of a global economic recession.It comes after Trump doubled down on his tariff policy in comments aboard Air Force One overnight. He said Europe “has treated us very, very badly,” and “has taken our leaders for a ride”, and declined to hold talks on changing tariffs “unless they pay us a lot of money on a yearly basis”. He also repeated criticism of Europe for not spending a fair share on Nato. Continue reading...

Politics

12 h. ago Trains, tunnels and market turmoil: Monday’s photos of the day

The Guardian’s picture editors select photographs from around the world Continue reading...

Culture

12 h. ago Market turmoil and a new London tunnel: Monday’s photos of the day

The Guardian’s picture editors select photographs from around the world Continue reading...

Culture

18 h. ago Bitcoin plunges as President Trump’s tariffs take effect across global stock markets

The turmoil in the cryptocurrency market comes after US President Trump announced major global tariffs on April 1 which included a 10% tariff on all imports and additional taxes on about 60 countries

Politics

19 h. ago FTSE set for another dismal day after Asian stocks rout sees Hang Seng suffer biggest fall since 2008

The first wave of retaliatory tariffs means global markets remain in turmoil

Politics

20 h. ago The weekend Trump’s tariff threats became real for global investors

If global long-only funds start to rotate out of risk the market turmoil could get worse

Economics

32 h. ago Senior Trump officials give conflicting lines on tariffs after markets turmoil

Commerce secretary insists on CBS that tariffs will ‘stay in place’ as treasury secretary tells NBC negotiation is possibleSenior officials within Donald Trump’s administration officials gave conflicting messages on Sunday about the US president’s global tariffs that have caused a meltdown in stock markets, prompted warnings of a world recession and provoked rare expressions of dissent from within his Republican party.Cabinet members fanned out across Sunday’s political talk shows armed with talking points on Trump’s 10% across-the-board tariff on almost all US imports, with higher rates targeted at about 60 countries. If the intention was to calm nerves with a clear statement of intent, then it backfired as top officials gave starkly contrasting signals. Continue reading...

Politics

33 h. ago Trump officials vow to stay the course on tariffs despite market turmoil

Treasury secretary rejects recession fears and says tough reciprocal levies will not be delayed

Politics

44 h. ago ‘There is no ceasefire. Attacks are ongoing’: how Putin’s envoy played US over Ukraine

White House welcome for key member of Russian president’s inner circle raises fears over America’s commitment to peaceKirill Dmitriev’s meetings with US officials in the White House last week went largely below the radar. And deliberately so.The dapper investment envoy to Russian president Vladimir Putin, who also serves as a key negotiator for Moscow on Ukraine, posted an image of his flight plan on social media to make the point that a senior sanctioned Russian official was being welcomed by the Trump administration. Otherwise, details of what was discussed remain opaque. Continue reading...

Events

3 d. ago Trump tariffs live: Global stocks sink and FTSE sees biggest drop since Covid pandemic on second day of market turmoil

Beijing hits back after president’s ‘Liberation Day’ wipes $2.4trn from S&P 500, in biggest one-day loss since March 2020

Politics

3 d. ago China hits back hard at ‘bullying’ Trump tariffs as global recession fears grow

Beijing imposes punitive 34% extra tariffs on all goods imported from US, exacerbating stock market sell-offBusiness live – latest updatesUS politics live – latest updatesChina has hit back hard against Donald Trump’s “bullying” tariffs, raising fears that the escalating trade war could trigger a global recession and prompting fresh turmoil in financial markets.Beijing retaliated on Friday with punitive 34% additional tariffs on all goods imported from the US – mirroring the US decision and exacerbating a sell-off on global stock markets. Continue reading...

Politics

3 d. ago China’s retaliatory tariffs spark fresh turmoil in global financial markets

Fresh turmoil was sparked on Friday by China announcing it will impose a 34% tariff on imports of all US products.

Economics

3 d. ago Trump unveils $5m ‘gold card’ featuring his face for wealthy immigrants to live in US

The Republican president has introduced the visa in the hope of creating jobs and boosting economic growth amid stock market turmoil

Events

3 d. ago Trump claims ‘great time to get rich’ as tariffs turmoil sees Wall Street market sell

Trump’s trade war escalates as China strikes back with 34 percent tariffs on all U.S. goods, sending stocks sliding further after worst day since 2020

Politics

3 d. ago Tariff turmoil: The impact on shop prices, the housing market and your Easter holiday

“These kinds of market moves can feel incredibly uncomfortable” – Susannah Streeter, head of money and markets at Hargreaves Lansdown

Economics

3 d. ago Stock markets plunge as China announces retaliatory 34% tariffs on US goods – business live

Global trade war escalate as Beijing hits back against Donald Trump with new tariffs on US goodsIMF warns of ‘significant risk’ to global economy from Trump tariffs as markets slideGlobal markets in turmoil as Trump tariffs wipe $2.5tn off Wall StreetAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsNew Civil Liberties Alliance, a conservative legal group, has filed what it says is the first lawsuit seeking to block Donald Trump’s tariffs on Chinese imports, saying the US president overstepped his authority. Reuters reports:The lawsuit, filed in federal court in Florida, alleges that Trump lacked the legal authority to impose the sweeping tariffs unveiled on Wednesday as well as duties authorized on February 1 under the International Emergency Economic Powers Act.“By invoking emergency power to impose an across-the-board tariff on imports from China that the statute does not authorize, President Trump has misused that power, usurped Congress’s right to contro...

Economics