19 h. ago Trump tariffs will send global trade into reverse this year, warns WTO

World Trade Organization says trade between US and China is expected to plunge by 81% in ‘decoupling’Donald Trump’s tariffs will send international trade into reverse this year, depressing global economic growth, the World Trade Organization has warned.In its latest snapshot of the global trading system, the Geneva-based institution says it had previously expected goods trade to expand by a healthy 2.7% this year. As a result of Washington’s trade policy, it is now forecasting a 0.2% decline. Continue reading...

Events

25 h. ago Nvidia expects to take $5.5bn hit as US tightens AI chip export rules to China

Shares plunge as firm says H20 chip, designed for Chinese market to comply with controls, will now need special licenceNvidia has said it expects a $5.5bn (£4.1bn) hit after Donald Trump’s administration barred the chip designer from selling crucial artificial intelligence chips in China, sending shares in one of the US’s most valuable companies plunging in after-hours trading.The company said in an official filing late on Tuesday that its H20 AI chip, which was designed specifically for the Chinese market to comply with export controls, would now require a special licence to sell there for the “indefinite future”. Continue reading...

Events

26 h. ago China says economy beat expectations to grow 5.4% ahead of Trump tariff war

Beijing expects Trump tariffs to put ‘certain pressures’ on its trade and economy

Politics

3 d. ago US stock markets expected to recover after Trump drops tariffs on mobiles

Exemption, seen as a climbdown, includes laptops and chips, and is likely to help firms such as Apple and NvidiaUS stock markets were expected to stage a recovery on Monday after Donald Trump excluded imports of smartphones and laptops from his tariff regime late on Friday night.Shares in Apple and chip maker Nvidia were on course to soar after tariffs on their products imported into the US were lifted for 90 days. Continue reading...

Politics

3 d. ago Democrat Gretchen Whitmer tries to distance herself from Oval Office visit

Michigan governor criticized for appearance, including for blocking her face with binders while her photo was takenThe Michigan governor, Gretchen Whitmer – considered to be a 2028 White House Democratic contender – was trying to distance herself from a recent Oval Office appearance alongside Donald Trump, which saw her get photographed while blocking her face with binders.Whitmer visited the Republican president on Wednesday alongside a bipartisan delegation to discuss a northern Michigan ice storm, the state’s defense assets and tariffs, among other issues. Following the meeting, Whitmer was brought into the Oval Office where she – as the New York Times described – “stood glumly” during a press conference that saw Trump sign several executive orders that targeted his political opponents. Continue reading...

Politics

4 d. ago Trump’s auto tariffs expected to cost industry over $100 billion, with millions fewer cars sold

Vehicle sales are predicted to plummet from auto tariffs and tightened spending by Americans due to import taxes on other goods

Economics

5 d. ago Airline losses expected as Trump’s trade war lowers travel demand

The ongoing trade disputes initiated by the Trump administration have created turbulence in global markets and impacted travel

Politics

6 d. ago UK economy grows faster than expected in February as Trump tariff threat looms

The figures are a positive for Labour, but economists said growth will likely be hampered by the US trade war in the coming months.

Politics

6 d. ago UK economy far exceeds forecasts to grow 0.5% in boost to Rachel Reeves

February GDP rise bigger than forecast but impact from Donald Trump’s tariff war yet to comeBusiness live – latest updatesThe UK economy unexpectedly expanded by 0.5% in February, figures show, in a boost for Rachel Reeves before an expected downturn triggered by Donald Trump’s tariff war.Reversing a modest fall in January of 0.1%, the increase in gross domestic product in February was five times larger than the 0.1% growth that a poll of City economists had forecast. Continue reading...

Politics

6 d. ago The UK city set to be hardest hit by Trump's tariffs has been revealed: Is YOURS on the list?

The British cities expected to take the hardest hit from Trump's levies are manufacturing heartlands, whose economies are based around industry.

Politics

7 d. ago FACT FOCUS: Trump misrepresents facts about coal as he signs executive orders to boost its use

As President Donald Trump announced moves to ease restrictions on the U.S. coal industry Tuesday, he extolled what he views as its values

Politics

8 d. ago Trump to sign executive orders aimed at boosting the coal industry – US politics live

President speaks in White House framed by coal minersThe European Union still wants to avoid a trade war with the United States despite Donald Trump’s administration’s rejection of the “zero for zero” offer on all industrial goods put forward by Brussels, an EU spokesperson told reporters on Tuesday.White House trade adviser Peter Navarro said on Monday that the European Union needed to lower its non-tariff barriers, including those created by value-added taxes and food safety regulations, if it wanted to reach a deal. Continue reading...

Politics

8 d. ago The Latest: Trump is expected to sign executive orders to boost coal

President Donald Trump is expected to sign executive orders aimed at boosting coal, a reliable but polluting energy source that’s long been in decline

Politics

8 d. ago Cheaper mortgages could be a ‘silver lining’ in fallout from Trump tariffs

Experts said expectations that interest rates will fall have risen since Donald Trump’s tariffs announcement last Wednesday.

Politics

1 week ago Trump live updates: Stock futures down and markets expected to open lower as president doubles down on tariffs

The White House defended Trump’s tariff plans on Sunday even as stock prices continued to drop

Politics

1 week ago US protests live: Demonstrations planned across US to oppose Trump agenda

More than a thousand events to be held across the country in a show of defiance against Trump’s ‘authoritarian overreach’Several congressional members are expected to make apperances and deliver speeches at the Hands Off protest in Washington DC today.They include Democrats Jamie Raskin and Glenn Ivey of Maryland, Maxwell Frost of Florida, Katherine Clark of Massachussetts and Don Beyer of Virginia, as well as Ilhan Omar of Minnesota.This is a nationwide mobilization to stop the most brazen power grab in modern history. Trump, Musk and their billionaire cronies are orchestrating an all-out assault on our government, our economy and our basic rights – enabled by Congress every step of the way.They want to strip America for parts – shuttering social security offices, firing essential workers, eliminating consumer protections and gutting Medicaid – all to bankroll their billionaire tax scam. They’re handing over our tax dollars, our public services and our democracy to the ultra-rich.I...

Politics

1 week ago About 500 law firms sign brief challenging Trump's executive orders targeting the legal community

President Donald Trump’s executive orders targeting the legal community pose “a grave threat to our system of constitutional governance and to the rule of law itself."

Politics

1 week ago Donald Trump says tariffs going 'better than expected' as trillions wiped off global economy

The US President's latest claims follow an earlier post on Truth Social in which he said the "operation is over" and, referring to the US economy as a "patient", said it would come back more "resilient"

Politics

1 week ago Stock markets expected to continue plunge as investors fear impact of Trump’s tariffs and China’s response

Friday’s stock market comes after a historically bad day as investors react to Trump’s tariff plan

Economics

1 week ago Stock markets ready to react to Trump’s tariff announcement after fears stoke overnight drop

The U.S. stock markets are expected to dip one day after Trump promised to ‘make America wealthy again’ with new across-the-board tariffs

Politics