15 h. ago Ikea slammed by Trump's tariffs plan as furniture giants' profits plummet

Ikea has faced a hit by Trump's tariff plan as profits plummeted for the popular flat-pack firm, but sale volumes are up and store visitors have increased too

Politics

19 h. ago Businesses worldwide brace for extra Trump tariffs on steel imports

Commerce department expected to add about 700 more items with steel content to levy list at request of US firmsBusinesses around the world are steeling themselves for another round of Donald Trump’s tariffs, this time on goods ranging from bicycles to baking trays, as US industry embraces a call for more products to tax on import.Small, medium and large American companies have asked the US Department of Commerce to add about 700 more items to an August list of 407 products already facing extra tariffs because of their steel content, which hit items such as Ikea tables with metal nuts and bolts and German combine harvesters. Continue reading...

Politics

37 h. ago IKEA profits plunge more than a quarter after Trump’s tariff uncertainty

IKEA stores across 63 markets around the world fell for a second year in a row

Politics

39 h. ago Transgender rights to Trump’s tariffs – here’s what’s on the Supreme Court docket

The Supreme Court is made up of nine justices

Politics

60 h. ago Trump defends tariffs as matter of ‘national security’, saying a supreme court ruling against them would be ‘somewhat catastrophic’

President claims without evidence that tariffs are ‘difference between going bankrupt and thriving’It’s now day 37 of the ongoing government shutdown, the longest on record, with both parties continuing to blame the other for the lapse in funding.For his part, Donald Trump has turned his attention to the filibuster – the procedural mechanism that requires 60 votes in the Senate to end debate on a piece of legislation and bring it to the floor for a vote. He’s hammered home his wishes on Truth Social, and in front of lawmakers at a White House breakfast on Tuesday. Continue reading...

Events

3 d. ago Lutnick, Bessent – and John Mulaney? The surprising mix of dignitaries monitoring Trump’s ‘life or death’ tariffs case

In one of the largest cases for Trump in his second term, justices will decide if his signature economic policy is legally sound

Politics

3 d. ago Supreme Court appears sceptical of legal basis for Trump tariffs

Case could determine the future of the US president’s global trade agenda

Politics

3 d. ago ‘Tariffs are taxes’: US supreme court hears challenge to Trump levies as justices appear doubtful of White House reasoning – live

Both conservative and liberal US supreme court justices have voiced skepticism over the Trump administration’s justification for tariffsUS supreme court appears skeptical over legality of Trump tariffsHere’s a look at some of the pictures from New York, as Zohran Mamdani was elected the next mayor of the city.In a short while, we’ll hear from Donald Trump when he hosts a breakfast with Republican senators at the White House. As we noted earlier, the president had choice words about Mamdani’s victory in New York, and other Democratic wins across the country – including the gubernatorial races in Virginia and New Jersey. Continue reading...

Society

3 d. ago US supreme court’s liberal justices express skepticism over Trump’s justification of tariffs – live updates

The supreme court has started to hear oral arguments for and against the legality of most of Donald Trump’s tariffsUS supreme court grills Trump administration over legality of tariffsHere’s a look at some of the pictures from New York, as Zohran Mamdani was elected the next mayor of the city.In a short while, we’ll hear from Donald Trump when he hosts a breakfast with Republican senators at the White House. As we noted earlier, the president had choice words about Mamdani’s victory in New York, and other Democratic wins across the country – including the gubernatorial races in Virginia and New Jersey. Continue reading...

Politics

3 d. ago Nearly half of all goods imported into the US face some tariffs, raising costs for companies and consumers

Small businesses have turned to the Supreme Court to roll back some of Trump’s tariffs, which they say have significantly raised overhead costs

Economics

3 d. ago US supreme court hears oral arguments on legality of Trump imposing tariffs

President’s tariffs are being scrutinized in crucial legal test of plan to impose duties on nearly every US trading partnerUS politics – live updatesDonald Trump’s sweeping tariffs on the world are being scrutinized by the US supreme court today, a crucial legal test of the president’s controversial economic strategy – and his power.Justices started to hear oral arguments this morning on the legality of using emergency powers to impose tariffs on almost every US trading partner. Continue reading...

Politics

4 d. ago Japan's Toyota, hurt by President Trump's tariffs, reports a drop in profit

Toyota has reported its net profit fell 7% from a year earlier in April-September as President Donald Trump’s tariffs slammed Japanese automakers

Politics

4 d. ago Canada budget adds tens of billions to deficit as Carney spends to dampen Trump tariffs effect

Entitled ‘Canada Strong’ the 2025 budget envisions significant new defence spending, a reduction of the civil service and ‘generational investments’A protracted trade war with the United States and a weakening domestic economy has forced Mark Carney to run a deficit tens of billions larger than initially forecast in his first-ever federal budget.The spending plan, titled “Canada Strong” envisions significant new defence spending, a reduction of the country’s civil service and “generational investments” that would reshape the nature of the country’s economy. Continue reading...

Economics

4 d. ago Even if the Supreme Court rejects Trump’s tariffs, his staff is working on backup plans to keep charging for imports

Several small businesses have sued the president for his sweeping tariffs, claiming they negatively impact business and defy Congress’s authority

Politics

5 d. ago Trump tariffs on pasta could soon top 100 percent: ‘Double the price’

‘I believe this is totally inappropriate, because Italy and America are brothers. It is an excuse not to let Italian products in,’ says one pasta maker

Politics

6 d. ago Businesses press Supreme Court to strike down Trump’s emergency tariff power

About 40 briefs have been filed challenging signature policy ahead of showpiece hearing

Events

6 d. ago The ghost of Ronald Reagan has spooked Trump over tariffs | Sidney Blumenthal

The president is lashing out before the supreme court’s impending decision on his absurd policyHalloween came early for Donald Trump. Ronald Reagan spooked him. Trump had a startled reaction to the TV ad that appeared during the first game of the World Series, placed by the provincial government of Ontario, featuring excerpts from President Reagan’s radio talk in April 1987 in which he explained the danger of trade wars. “Their Advertisement was to be taken down, IMMEDIATELY, but they let it run last night during the World Series, knowing that it was a FRAUD,” Trump posted. It was, he falsely claimed, a “serious misrepresentation of the facts, and hostile act”. In retaliation, he slapped an additional 10% tariff on Canada.Trump was apparently horrified at the sudden presence of the ghost of conservatism past, who had kept the outlandish bounder at arm’s length and whom Trump regarded warily if not nervously. Reagan was the original, bigger and more successful performer, whose appeal...

Politics

7 d. ago Canada Prime Minister Mark Carney APOLOGISES to Donald Trump over TV ad row after infuriated President hiked tariffs and ended trade talks

The ad uses a 'voiceover' from fellow Republican Reagan - US President between 1981 and 1989 - saying tariffs caused trade wars and economic disaster.

Politics

8 d. ago Canada’s Mark Carney says he apologised to Trump after president was ‘offended’ by Ronald Reagan ad

Trump branded the ad ‘crooked’ and suspended trade talks with Canada

Politics

8 d. ago A Vermont cycling apparel company is trying to survive Trump's tariffs. Will the Supreme Court help?

A small company in Vermont that specializes in women's cycling apparel is at the center of the fight over President Donald Trump's contentious tariff policy

Events