2 h. ago Trump’s commerce secretary desperately spins dire economic forecast on Fox: ‘It’s not that bad!’

‘I've watched your show all along, I don't remember you saying, 'Oh my God!' No, come on! America is awesome!’ Howard Lutnick told Maria Bartiromo on Friday

Politics

26 h. ago Europe’s retaliatory tariffs: From chewing gum to washing machines, the products that might be hit

In the next month, the E.U. will put in place a total of 26 billion euros worth of tariffs

Events

26 h. ago Trump’s steel and aluminum tariffs: What items could soon cost you more

New tariffs on metals target more than $150 billion worth of imported goods

Politics

39 h. ago Canada announces retaliatory tariffs on nearly C$30bn worth of US imports

Canadian government says it will follow ‘dollar-by-dollar’ approach and institute 25% tariffs on US importsCanada announced retaliatory tariffs on nearly C$30bn worth of American imports after US tariffs on steel and aluminum imports went into effect on Wednesday.The Canadian government said it will be following a “dollar-by-dollar” approach and institute 25% tariffs on American imports, including steel, computers and sports equipment. Continue reading...

Economics

47 h. ago Canada announces retaliatory tariffs on nearly $30bn worth of US imports

Canadian government says it will follow ‘dollar-by-dollar’ approach and institute 25% tariffs on US importsCanada announced retaliatory tariffs on nearly $30bn worth of American imports after US tariffs on steel and aluminum imports went into effect Wednesday.The Canadian government said it will be following a “dollar-by-dollar” approach and institute 25% tariffs on American imports, including steel, computers and sports equipment. Continue reading...

Economics

57 h. ago EU declares counter tariffs on $28 billion worth of US goods as Trump trade wars escalate

The European Union announces counter tariffs on $28 billion of US goods hours after US tariffs steel and aluminium imports come into effect

Economics

59 h. ago Tariffs are ‘worth it’ even if they cause a recession, claims Commerce secretary

Howard Lutnick hails Trump’s tariffs as revenue generators. What he failed to mention is that American consumers pay the extra revenue

Economics

69 h. ago Ontario suspends electricity tariff imposed on US after Trump’s commerce secretary agrees to talks – live

End of 25% tariff on electricity exports to three US states announced in joint statement from Ontario premier and US commerce secretaryTrump raises Canadian steel and aluminum tariffs to 50%Ukraine ceasefire – live updatesPolls have opened in Greenland for early parliamentary elections Tuesday as US President Donald Trump seeks control of the strategic Arctic island.The self-governing region of Denmark is home to 56,000 people, most from Indigenous Inuit backgrounds, and occupies a strategic North Atlantic location. It also contains rare earth minerals key to driving the global economy, AP reported. Continue reading...

Politics

3 d. ago Trump raises Canadian steel and aluminum tariffs to 50% as trade war escalates

President cites Ontario’s recent imposition of 25% surcharge on electricity exports to US as reason for doubling dutiesUS politics – live updatesDonald Trump has announced he is doubling tariffs on Canadian steel and aluminum from 25% to 50% as a retaliation for the province of Ontario’s imposition of a 25% surcharge on electricity exports to several US states, in a dramatic escalation of the trade war between the two ostensibly allied countries.“Based on Ontario, Canada, placing a 25% Tariff on ‘Electricity’ coming into the United States, I have instructed my Secretary of Commerce to ad [sic] an ADDITIONAL 25% Tariff, to 50%, on all STEEL and ALUMINUM COMING INTO THE UNITED STATES FROM CANADA, ONE OF THE HIGHEST TARIFFING NATIONS ANYWHERE IN THE WORLD,” Trump wrote on Truth Social. Continue reading...

Politics

8 d. ago Commerce Secretary Lutnick says most tariffs on Canada, Mexico likely to be delayed a month

U.S. Commerce Secretary Howard Lutnick said Thursday in a television interview that President Donald Trump will “likely” suspend the 25% tariffs on Canada and Mexico for most products and services for a month, broadening an exemption that was granted on Wednesday only to autos

Politics

9 d. ago Hopes of US golden age fade as investors start to worry about ‘Trumpcession’ risk

Tariffs are dampening consumer confidence and fears of a downturn seem to be weighing on the dollarBusiness live – latest updatesNo sooner had historic 25% tariffs on imports to the US from Canada and Mexico come into force on Tuesday than the commerce secretary, Howard Lutnick, suggested the policy might be softened. Hours later, Donald Trump told Congress that the tariffs were “protecting the soul of our country”.They say it’s the hope that kills you, but for investors trying to make sense of the Trump administration’s economic policies, it’s the uncertainty. Continue reading...

Politics

1 week ago Mexico president vows response to Trump tariffs; US official acknowledges prices may increase in short term – live

Mexican president Claudia Sheinbaum says country will respond Sunday; commerce secretary defends Trump tariffs while acknowledging price increasesUS consumers warned to brace for higher pricesChina and Canada retaliate against Trump tariffsDonald Trump has threatened to cut off funding to universities that allow “illegal protests”, and expel or deport students involved.Writing on Truth Social, the president said:All Federal Funding will STOP for any College, School, or University that allows illegal protests. Agitators will be imprisoned/or permanently sent back to the country from which they came. American students will be permanently expelled or, depending on on the crime, arrested. NO MASKS! Thank you for your attention to this matter.This is absurdly dishonest.I don’t even mention the UK or France in the clip, both of whom have fought bravely alongside the US over the last 20 years, and beyond.But let’s be direct: there are many countries who are volunteering (privately or publi...

Politics

1 week ago Aid to Kyiv being reviewed to ensure country is ‘committed’ to goal of peace deal – as it happened

This live coverage has ended. You can find all of the latest US politics stories here. Donald Trump will lay out his priorities tomorrow evening in a prime-time speech to Congress, his first since returning to the White House.He’s doing some expectation setting this morning, posting on Truth Social:TOMORROW NIGHT WILL BE BIG. I WILL TELL IT LIKE IT IS! Continue reading...

Economics

1 week ago Trump says ‘no room left’ for Canada and Mexico to avoid tariffs hours before deadline – live

Tariffs for Mexico and Canada to take effect at midnight ET; TSMC, the world’s biggest semiconductor manufacturer, will invest $165bn in the USDonald Trump will lay out his priorities tomorrow evening in a prime-time speech to Congress, his first since returning to the White House.He’s doing some expectation setting this morning, posting on Truth Social:TOMORROW NIGHT WILL BE BIG. I WILL TELL IT LIKE IT IS! Continue reading...

Politics

1 week ago Trump says ‘no room left’ for Canada and Mexico to avoid tariffs as he praises major US investment by semiconductor company – live

Tariffs for Mexico and Canada to take effect at midnight ET; TSMC, the world’s biggest semiconductor manufacturer, will invest $165bn in the USDonald Trump will lay out his priorities tomorrow evening in a prime-time speech to Congress, his first since returning to the White House.He’s doing some expectation setting this morning, posting on Truth Social:TOMORROW NIGHT WILL BE BIG. I WILL TELL IT LIKE IT IS! Continue reading...

Politics

1 week ago Trump expected to announce $100bn Taiwanese chipmaker investment – live

TSMC, the world’s biggest semiconductor manufacturer, produces chips for Apple, Intel and NvidiaDonald Trump will lay out his priorities tomorrow evening in a prime-time speech to Congress, his first since returning to the White House.He’s doing some expectation setting this morning, posting on Truth Social:TOMORROW NIGHT WILL BE BIG. I WILL TELL IT LIKE IT IS! Continue reading...

Politics

1 week ago Trump claims Zelenskyy ‘doesn’t want there to be peace’ in latest sign of worsening US

US president says ‘America will not put up with it for much longer’ after Ukrainian president says end of war with Russia ‘still very, very far away’Donald Trump will lay out his priorities tomorrow evening in a prime-time speech to Congress, his first since returning to the White House.He’s doing some expectation setting this morning, posting on Truth Social:TOMORROW NIGHT WILL BE BIG. I WILL TELL IT LIKE IT IS! Continue reading...

Politics

1 week ago Trump tariffs could amount to ‘largest tax increase in at least a generation’, thinktank warns – live

Trump’s tariffs could force households to pay $1,200 annually; commerce chief says tariffs on Canada and Mexico might not be 25% as Trump has been threateningDonald Trump will lay out his priorities tomorrow evening in a prime-time speech to Congress, his first since returning to the White House.He’s doing some expectation setting this morning, posting on Truth Social:TOMORROW NIGHT WILL BE BIG. I WILL TELL IT LIKE IT IS! Continue reading...

Events

1 week ago Trump administration may exclude government spending from GDP, obscuring effect of Doge cuts

Howard Lutnick’s remarks echo Elon Musk, who says government spending doesn’t create value for US economyUS politics live – latest updatesHoward Lutnick, the US commerce secretary, said on Sunday that government spending could be separated from gross domestic product reports, in response to questions about whether the spending cuts pushed by billionaire businessman Elon Musk’s so-called “department of government efficiency” (Doge) could possibly cause an economic downturn.“You know that governments historically have messed with GDP,” Lutnick said on Fox News Channel’s Sunday Morning Futures. “They count government spending as part of GDP. So I’m going to separate those two and make it transparent.” Continue reading...

Politics

1 week ago US may exclude government spending from GDP, obscuring effect of Doge cuts

Howard Lutnick’s remarks echo Elon Musk, who says government spending doesn’t create value for US economyUS politics live – latest updatesHoward Lutnick, the US commerce secretary, said on Sunday that government spending could be separated from gross domestic product reports, in response to questions about whether the spending cuts pushed by the billionaire businessman Elon Musk’s so-called “department of government efficiency” (Doge) could possibly cause an economic downturn.“You know that governments historically have messed with GDP,” Lutnick said on Fox News Channel’s Sunday Morning Futures. “They count government spending as part of GDP. So I’m going to separate those two and make it transparent.” Continue reading...

Politics