9 h. ago Trump live updates: ‘Liberation Day’ tariffs to be effective immediately, White House says

Trump prepares sweeping round of reciprocal tariffs that threatens to trigger U.S. recession and global trade war, as Speaker Mike Johnson says, ‘You have to trust the president’s instincts on the economy’

Politics

11 h. ago Trump live updates: President to announce ‘Liberation Day’ tariffs at Rose Garden event tomorrow

Trump prepares sweeping round of reciprocal tariffs that threatens to trigger U.S. recession and global trade war, as Speaker Mike Johnson says, ‘You have to trust the president’s instincts on the economy’

Politics

11 h. ago Trump live updates: President’s ‘Liberation Day’ tariffs announcement fuels uncertainty for stock markets

Trump prepares sweeping round of reciprocal tariffs that threatens to trigger U.S. recession and global trade war, as Speaker Mike Johnson says, ‘You have to trust the president’s instincts on the economy’

Politics

12 h. ago Trump live updates: Fears mount as stock markets brace for president’s ‘liberation day’ tariffs announcement

Trump prepares sweeping round of reciprocal tariffs that threatens to trigger U.S. recession and global trade war, as Speaker Mike Johnson says, ‘You have to trust the president’s instincts on the economy’

Politics

16 h. ago Trump aides draft proposal for 20% tariffs on ‘most imports’ to US as Liberation Day deadline looms: Live

Trump’s team says it is still weighing options as the president prepares to announce a sweeping round of reciprocal tariffs that threatens to trigger U.S. recession and a global trade war

Politics

17 h. ago Trump aides ‘caught by surprise’ after president reveals he’s settled on ‘Liberation Day’ tariff plans: Live

Global markets brace for Trump’s impending announcement of his reciprocal dollar-for-dollar tariffs

Politics

19 h. ago Trump live: ‘Liberation Day’ tariff plans remain under wraps despite president saying he’s ‘settled’ on strategy

Global markets brace for Trump’s impending announcement of his reciprocal dollar-for-dollar tariff agenda

Politics

26 h. ago Trump prepares to unveil reciprocal tariffs as markets brace amid trade war fears

President promises he will be ‘very kind’ but critics warn his strategy risks triggering chain reaction and global trade warAs Donald Trump prepared to unveil a swathe of reciprocal tariffs, global markets braced and some Republican senators voiced their opposition to a strategy that critics warn risks a global trade war, provoking retaliation by major trading partners such as China, Canada and the European Union.The US president said on Monday he would be “very kind” to trading partners when he unveils further tariffs this week, potentially as early as Tuesday night. Continue reading...

Politics

30 h. ago Dow rebounds for a big day after stock markets slip early on fears over Trump’s tariffs

Sweeping levies are set to go in effect on Wednesday, which Trump has dubbed ‘Liberation Day’ for America

Politics

38 h. ago Stock market spooked by Trump’s reciprocal tariffs on all countries this week

Sweeping levies are set to go in effect on Wednesday, which Trump has dubbed ‘Liberation Day’ for America

Politics

41 h. ago World markets and US dollar suffer worst monthly losses since 2022 as Trump tariffs fuel recession fears – business live

Shares slide after President Donald Trump says new reciprocal tariffs expected this week will include all nations, and Goldman Sachs say US recession more likelyWall Street shrinks in response to price pressures, stoking fears of Trump tariffsSwiss bank UBS has cut its forecast for the US stock market’s gains this year.Having previously forecast the S&P 500 shares index would end the year at 6,600 points (which would have been a 12% gain in 2025), UBS have now cut their end-year target to 6,400 points.“After considering the effects of tariffs and slower growth data so far in 2025, we now expect 6% earnings per share growth, and we have accordingly reduced our year-end target for the index to 6,400 (from 6,600).But this also means that there is still meaningful upside for broad US equities by year-end, in our view.”The Nikkei closed down 4%, while European indices are a sea of red. The sell off is broad based, with more than 550 of the Eurostoxx 600 stocks lower as investors take...

Economics

44 h. ago World markets and US dollar suffer worst monthly losses since 2022 as Trump trade war riles investors – business live

Shares slide after President Donald Trump says new reciprocal tariffs expected this week will include all nationsWall Street shrinks in response to price pressures, stoking fears of Trump tariffsEurope’s main stock indices are a sea of red, as investors react to Donald Trump’s declaration that the reciprocal tariffs he is set to announce this week will include all nations.Italy’s FTSE MIB index has dropped 1.4%, France’s CAC is down 1%, and Germany’s DAX has lost 0.95%.The tariffs imposed by the U.S. government and the fear of new announcements as early as Wednesday are creating a bleak atmosphere on trading floors worldwide. Just last Wednesday, the DAX was above 23,000 points, but it now appears that the index may soon test the 22,000 mark.The risk appetite seen in the initial weeks of the year has dissipated as investors and asset managers pull back, reduce positions, and refrain from taking on large new ones. The inclination to buy the dips has nearly vanished. Continue reading...

Economics

5 d. ago Let's put it in language the Signal leakers will understand: what a bunch of pathetic sleazebags | Emma Brockes

The leaking of top-level military secrets was bad enough, but I’m obsessed with Maga’s fratboy lexiconThe Maga-fication of American political discourse, which started, arguably, with Donald Trump mocking a disabled reporter in 2015, peaked this week with news of Pete Hegseth referring to European countries in the leaked Signal chat as “PATHETIC”, and enjoyed a detour last Tuesday when Tim Walz, the governor of Minnesota and former running mate of Kamala Harris, appeared at a town hall in Wisconsin and called Elon Musk “a dipshit”. (This is not the first time he has referred to Musk this way. Right before the election last year, Walz told a crowd: “Look, Elon’s on that stage, jumping around, skipping like a dipshit.”)Parking for a moment the perfection of the phrase “skipping like a dipshit” to capture Musk’s very particular style of movement and speech, the range of what can and can’t be said in politics has clearly, radically changed. When you look back on the phrase that caused Hi...

Politics

6 d. ago Donald Trump announces new 25% tariffs on cars from overseas

President says levies will take effect on 2 April when he is expected to unveil reciprocal tariffs on other importsDonald Trump announced plans to impose sweeping 25% tariffs on cars from overseas on Wednesday, days before the US president is expected to announce wide-ranging levies on other goods from around the world.“What we’re going to be doing is a 25% tariff for all cars that are not made in the United States,” Trump said in the Oval Office. “We start off with a 2.5% base, which is what we’re at, and go to 25%.” Continue reading...

Politics

7 d. ago UK retail sales slump in March; Lower Thames Crossing approval welcomed (and criticised) – business live

UK retailers gloomy, while tunnel to connect A2 and M2 in Kent to the A13 and M25 in Essex has been approved.Lower Thames Crossing plan for Essex and Kent approved by governmentEuropean stock markets are higher this morning, as investors cling to hopes that Donald Trump’s plan to impose reciprocal tariffs on trading partners could be more targetted than feared.The pan-European Stoxx 600 index has gained 0.57% this morning, with gains on the German DAX (+0.5%), French CAC (+0.9%) and Italian FTSE MIB (+0.7%).US markets are beginning to show some belief that President Trump’s strong arm negotiating tactics on tariffs might not be quite as punitive for the US economy as feared.There are growing hopes that if they are more targeted, as rumoured, they might helpshore up domestic industry, while securing better terms for the US on the global trading stage.Tesla currently faces a number of challenges in Europe, ahead of the launch of its new Model Y mid-size SUV this month. The EV maker ha...

Economics

7 d. ago UK retail sales slump in March amid weak confidence, CBI says – business live

Rolling coverage of the latest economic and financial newsEuropean stock markets are higher this morning, as investors cling to hopes that Donald Trump’s plan to impose reciprocal tariffs on trading partners could be more targetted than feared.The pan-European Stoxx 600 index has gained 0.57% this morning, with gains on the German DAX (+0.5%), French CAC (+0.9%) and Italian FTSE MIB (+0.7%).US markets are beginning to show some belief that President Trump’s strong arm negotiating tactics on tariffs might not be quite as punitive for the US economy as feared.There are growing hopes that if they are more targeted, as rumoured, they might helpshore up domestic industry, while securing better terms for the US on the global trading stage.Tesla currently faces a number of challenges in Europe, ahead of the launch of its new Model Y mid-size SUV this month. The EV maker has a smaller, ageing lineup while traditional automaker rivals and new Chinese entrants alike continue to launch new, of...

Economics

8 d. ago Trump’s hints at ‘flexibility’ on reciprocal tariffs cheers markets – business live

Rolling coverage of the latest economic and financial newsStocks have opened higher in London, lifted by those hopes that Donald Trump will show flexibility when he announces new global tariffs next month.The FTSE 100 share index is up 0.5%, or 42 points, at 8688 points, which recovers most of Friday’s losses.“There was no lack of capacity from the substations. Each substation individually can provide enough power to Heathrow.” Continue reading...

Economics

1 week ago The limited ceasefire in Ukraine: what has been agreed and how will it work?

As delegations from Moscow and Kyiv prepare to meet US negotiators in Riyadh, details of pact remain unclearUkraine and Russia have agreed in principle to a limited ceasefire after the US president, Donald Trump, spoke with the countries’ leaders last week. But uncertainty remains about how or when the part-ceasefire will take effect as Ukraine and Russia prepare to send delegations to Riyadh this week for parallel talks with the US. Continue reading...

Events

1 week ago Seth Rogen: slacker to studio boss; Marina Hyde on Trump making anywhere but America great again; and Philippa Perry helps with imposter syndrome – podcast

Seth Rogen may be known for his stoner vibe and comedies such as Superbad and Knocked Up, but behind the scenes the actor, writer, weed-lover and pottery fan has also become a producing power player. The US stock market is spooked and Trump’s henchmogul’s companies are floundering – has the great dealmaker been building up the wrong nation? And Philippa Perry advises a reader: ‘That voice in your head telling you that you’re saying the wrong things is not telling the truth.’ Continue reading...

Politics

2 w. ago Donald Trump: the president making anywhere but America great again | Marina Hyde

The US stock market is spooked and his henchmogul’s companies are floundering. Has the great dealmaker been building up the wrong nation?Naturally I assumed the feeling would pass, but one whole week after the US president turned the lawn of the White House into a crappy car dealership, I keep finding myself feeling optimistic. I know, I know. But if anything, I find myself feeling a little bit more optimistic every day – and sometimes a lot more. Not for America, which keeps electing him, but for the rest of the world. It really would take a heart of stone for governments from Beijing to Delhi to Warsaw to look at the clip of this old guy trying to sell his friend’s electric cars and not think: “Ooooooooh, that is very, very bad vibes. Still, it’s good for us!”In China they have ironically nicknamed Trump “the nation builder”, meaning he is doing an incredible, bigly impressive job of bolstering the Chinese nation. Not to be disrespectful to that ancient golf bore holding the littl...

Politics