40 h. ago The economy was always Trump’s strength. Polls show it might be cracking

Analysis: Americans voted for Trump because they believed he would lower prices and the cost of living. New surveys show people are losing their faith that he’ll accomplish that

Politics

43 h. ago Carney visits Macron and Starmer as he seeks alliances amid Trump trade war

Canadian PM stresses importance of ‘reliable allies’ in Paris before travelling to London where he was received by kingCanada is the “most European of the non-European countries”, Mark Carney has said during his first overseas trip as prime minister to France and the UK, where he is seeking stronger alliances to deal with Donald Trump’s attacks on his country’s sovereignty and economy.Without mentioning the US president by name, Carney and the French president, Emmanuel Macron, made a joint appearance in Paris to show a united stance against what they said were economic and geopolitical crises – a reference to Trump’s trade war and “America first” diplomacy that has left longtime allies scrambling. Continue reading...

Politics

49 h. ago Americans increasingly worried about tariffs despite Trump’s assurances, new poll shows

Exclusive: 90% of Democrats, 57% of Republicans are worried about tariffs, with similar concerns about recessionNever miss global breaking news. Download our free app to keep up with key stories in real time.Americans are increasingly concerned about Donald Trump’s effort to overhaul the US economy with sweeping tariffs on foreign goods, according to an exclusive poll for the Guardian, despite the US president’s efforts to downplay the risks of his strategy.“Have no fear, we will WIN everything!!!” Trump wrote on Truth Social on Thursday, claiming that tariffs were already “pouring money” into the country.90% of Democrats and 69% of independents said they are concerned about tariffs, compared to 57% of Republicans.89% of Democrats and 75% of independents said they are concerned about a potential recession in the US, compared to 65% of Republicans.85% of Democrats and 62% of independents said it will take years for the US economy to recover from the tariffs, compared with 52% of Repu...

Politics

50 h. ago Trump administration set for legal fights after carrying out deportations despite court orders – US politics live

Courts to demand answers after doctor is deported and two planeloads of Venezuelans flown to an El Salvador prison; Trump to attend Kennedy Center board meeting Donald Trump may be all in on tariffs, but the Guardian’s Lauren Aratani reports that many Americans are not, including a sizable number of Republicans:Americans are increasingly concerned about Donald Trump’s bid to overhaul the US economy with sweeping tariffs on foreign goods, according to an exclusive poll for the Guardian, despite the US president’s efforts to downplay the risks of his strategy. Continue reading...

Politics

51 h. ago China plans to ‘vigorously boost consumption’ to shore up economy

Communist party aims to ‘promote reasonable wage growth’ and to reduce financial burdens amid Trump tariffsBusiness live – latest updatesChina’s government has announced ambitious plans to “vigorously boost consumption” by putting up pay and reducing financial burdens, in its latest attempt to increase consumer confidence and lift its struggling economy.The plans, announced by the ruling Chinese Communist party’s (CCP) central committee and state council on Sunday, include aims to “promote reasonable wage growth” and to improve the mechanisms for adjusting the minimum wage. Continue reading...

Politics

52 h. ago Canada PM Carney visits France and UK as Trump trade war deepens

Carney aims to bolster European alliances in wake of US president’s attacks on Canada’s sovereigntyMark Carney, the new Canadian prime minister, has arrived in Paris on his first stop of a visit to France and the UK as he seeks to bolster European alliances to deal with Donald Trump’s attacks on Canada’s sovereignty and economy.Carney is deliberately making his first foreign trip to the capital cities of the two countries that shaped Canada’s early existence. At his swearing-in ceremony on Friday, Carney noted the country was built on the bedrock of three peoples: Indigenous, French and British. He said Canada was fundamentally different from the US and would “never, ever, in any way shape or form, be part of the United States”. Continue reading...

Politics

53 h. ago Trump trade wars are slowing global growth and fuelling inflation, says OECD

Economic organisation downgrades forecasts for growth in UK as well as US, Canada and Mexico due to tariffsBusiness live – latest updatesDonald Trump’s trade wars are splintering the global economy and unpicking progress made to reboot growth and tackle inflation, the Organisation for Economic Co-operation and Development (OECD) has warned.In its latest update on the health of the world economy, the leading Paris-based institution downgraded the prospects for global growth this year and next, including a sharp hit to activity in the US, Canada and Mexico. Continue reading...

Politics

59 h. ago New Canada PM Mark Carney to visit Paris and London amid attacks from Trump

Newly minted prime minister will sit down with Macron and Starmer but has no immediate plans to meet with Donald TrumpMark Carney, the new Canadian prime minister, is headed to Paris and London seeking alliances as he deals with Donald Trump’s attacks on Canada’s sovereignty and economy.Carney is deliberately making his first foreign trip to the capital cities of the two countries that shaped Canada’s early existence. At his swearing-in ceremony on Friday, Carney noted the country was built on the bedrock of three peoples: French, English and Indigenous. He said Canada was fundamentally different from the US and will “never, ever, in any way shape or form, be part of the United States”. Continue reading...

Politics

3 d. ago Trump says the economy ‘went to hell’ under Biden. The opposite is true

By standard measures such as job and GDP growth and the stock market, the US economy was in excellent shapeNever miss global breaking news. Download our free app to keep up with key stories in real time.Donald Trump keeps saying he inherited a terrible economy from Joe Biden and many Americans believe him, even though that’s not true. During his White House marketing event for Tesla on Tuesday, Trump said the US and its economy “went to hell” under Biden. Last week, in his national address to Congress, Trump said: “We inherited from the last administration an economic catastrophe and an inflation nightmare.”But the truth is that by standard economic measures, the US economy was in excellent shape when Biden turned over the White House keys to Trump, even though most Americans, upset about inflation, told pollsters the economy was in poor shape. Continue reading...

Politics

4 d. ago Who is Mark Carney, former central banker, who is replacing Justin Trudeau as prime minister of Canada?

Carney has promised to stand up for Canada amid brewing trade war with Trump and speed up sluggish growth in national economy

Politics

4 d. ago Mini liquor bottles, snack sizes: What are the early signs of a recession?

Economists define a recession as a ‘significant decline in economic activity’ across the market that lasts for more than a few month

Politics

4 d. ago Why is Donald Trump crashing the US economy? Because he’s high on his own supply of fake news | Jonathan Freedland

Addicted to Fox News and outlets even more extreme, the president finds support and justification for actions disastrous to Americans and the worldNot content with shattering the post-1945 international order, which delivered prosperity and power to his country for eight long decades, Donald Trump is seemingly set on destroying the US economy. And he’s doing it because he, and the American right, have lost their ability to grasp reality.Start with the economic vandalism, unfolding in real time and mesmerising to watch. For weeks, you could see the US stock market falling and falling until on Thursday the S&P index passed an unwanted milestone: it stood more than 10% down from the peak it had reached less than a month earlier, a fall that meets the Wall Street definition of a “correction”. In other words, even if the market eventually rallies, this is no blip. Continue reading...

Events

5 d. 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

5 d. ago JD Vance claims the economy is 'quite strong' while accusing Europe of not treating US like an ally

Vice President JD Vance defended the strength of the American economy on Thursday, even as President Donald Trump's tariffs continue rocking the stock market.

Politics

6 d. ago Americans aren’t happy with Trump’s handling of the economy or his tariffs, new polls show

More than half of Americans disapprove of Trump’s economic policies

Politics

6 d. ago Russia seizes hundreds of Ukrainian troops and threatens to treat them 'like terrorists'

Vladimir Putin made a public appearance in military uniform on Wednesday - hours after Donald Trump threatened to " devastate" Russia's economy in a chilling warning

Events

6 d. ago Business execs are calling up Susie Wiles in panic over Trump’s mixed messages on tariffs

White House chief of staff said to be fielding calls from chief executives and lobbyists seeking clarity on the president’s policies

Politics

6 d. ago Donald Trump threatens to 'devastate' Russian economy if Vladimir Putin refuses to accept a ceasefire

'Stop the shooting and start talking,' US tells Russian President as his forces renew their attacks on Ukraine after Kyiv signs up to 30-day ceasefire plan

Politics

7 d. ago Education department plans to cut half its workforce as Trump vows to wind agency down – US politics live

Secretary of education Linda McMahon says move is part of president’s mission to dismantle departmentA poll released on Tuesday shows that US president Donald Trump’s approval rating has dropped a few points since he first took office, reports the Hill.Accoding to the Emerson College Polling survey, 47% of voters approved of Trump’s job performance and 45% disapproved. Those findings are down from a 49% approval and 41% disapproval rating at the beginning of Trump’s second term.The public’s views of the economy under Trump seem to be a drag on his overall approval rating, with a plurality of 48% saying they don’t approve of Trump’s handling of the economy, while 37% approve.Voters give Trump his highest ratings for his handling of immigration, with 48% approving and 40% disapproving. His weakest areas are the economy, health care and cryptocurrency, in which he has net approval ratings solidly underwater.”Ending incessant federal interference will free up state and local leaders to ...

Politics

7 d. ago Trump has ripped his predecessors over the stock market. He has watched it fall 5% since he returned to the White House

51 days into Trump’s presidency, economists and major banks have increased the chances of a U.S. recession after a manic 24 hours on Wall Street

Politics