7 h. ago Between ‘rollover UK’ and ‘retaliatory China’: will EU hardball secure trade deal with US?

Optimism is growing in Brussels, but high-risk strategy has only weeks to play out before pause in tariff threat endsIn Brussels’ corridors of power, quiet optimism is growing that the EU’s hardball strategy to secure a US trade deal is working. While Britain quickly moved to try to cushion the impact of Donald Trump’s tariffs with a deal agreed last month – and US-Chinese relations are a tit-for-tat situation – the EU has taken a different stance. “We are positioning ourselves between ‘rollover UK’ and ‘retaliatory China’,” said a Brussels source.The stakes are not just the £706bn in transatlantic trade between the EU and US but the fallout from what diplomats and businesses say is a dangerous assault on the global rules-based system that governs western democracy. Continue reading...

Economics

8 h. ago A banana a day to keep the tariffs away? Howard Lutnick mocked during congressional hearing over plan to make more products in America

‘We cannot build bananas in America,’ commerce secretary reminded in surreal exchange at House hearing on Donald Trump’s tariff policy

Events

11 h. ago Hiring slows across US amid uncertainty over Trump’s tariffs

The number of Americans applying for unemployment benefits has risen to the highest level in eight months

Politics

25 h. ago London’s IPO drought deepens but could Trump’s tariffs shake things up?

London’s IPO drought deepens but could Trump’s tariffs shake things up?  CNBC

Politics

27 h. ago Premier League official sensationally breaks ranks and says he 'hates VAR'

Former Premier League referee - and now fourth official - Bobby Madley has claimed he "hates" VAR and the way it takes the emotion out of the game - insisting players and referees never wanted it introduced

Politics

28 h. ago Independent toy shop to close because it can’t keep up with Trump’s tariffs: ‘It’s just impossible’

Portland’s Merci Milo has been open in the city since 2021 but will close its doors at the end of the month

Politics

28 h. ago Goldman Sachs reins in risk appetite as Trump tariffs roil markets

Chief operating officer John Waldron anticipates period of ‘slowflation’ with rising prices outpacing growth

Politics

28 h. ago Goldman reins in risk appetite as Trump tariffs roil markets

Chief operating officer John Waldron anticipates period of ‘slowflation’ with rising prices outpacing growth

Politics

30 h. ago Donald Trump to meet Xi Jinping in China after ‘very good’ call on trade

US president says he accepted invitation in first phone conversation between leaders since JanuaryDonald Trump said he had accepted an invitation to meet Xi Jinping in China after a phone conversation on trade was held between the leaders of the world’s two largest economies.In a post on Truth Social, the US president said the “very good” call lasted about 90 minutes and the conversation was “almost entirely focused on trade”. Continue reading...

Politics

35 h. ago Trump and China’s Xi speak after president calls trade adversary ‘extremely hard to make deal with’

US, Chinese leaders speak after Trump calls Xi ‘very tough’ on Truth Social

Politics

36 h. ago How Nintendo dodged Trump’s tariffs and saved the Switch 2 release

Fortunate timing and government hesitation allowed the Switch 2 to come out on time, but the headache isn’t overNintendo fans across the US are breathing a sigh of relief as they tear apart the boxes housing their new Nintendo Switch 2 video game consoles. On-again, off-again trade tariffs implemented by Donald Trump, which precipitated pre-order delays from Nintendo, made the 5June release date of the highly coveted hardware feel more like a hope than a certainty. A potential price hike up from $450 loomed over launch day, but would-be buyers’ fears did not come to fruition.Nintendo’s maneuvering around Trump’s tariffs isn’t over, though – far from it. The Japanese console maker managed to luckily launch its device squarely within a 90-day tariff pause issued by the president. If tariffs on countries like India and Japan return to the levels proposed during Trump’s “Liberation Day” speech at the start of April, however, experts say Nintendo will have to limber up for yet another de...

Politics

36 h. ago The right is breaking ranks over Trump and his tariffs | Sidney Blumenthal

A trade court ruling is exposing the civil war on the right, as key legal establishment figures oppose the presidentDonald Trump’s trade war has become his quagmire: legal, economic and political. On 28 May, the court of international trade ruled his tariffs exceeded his constitutional authority. Point by point, the decision decimated Trump’s arguments as flimsy and false, implicitly castigated the Republican Congress for abdicating its constitutional responsibility, and reminded other courts, not least the supreme court, of the judicial branch’s obligation to exercise its authority regardless of the blustering of the executive and the fecklessness of the legislative branches.Trump’s tariffs, along with his withdrawal of active support for Ukraine and passivity toward his strongman father figure Vladimir Putin, have broken the western alliance, forcing the west to make its own arrangements with China, and cementing the idea for a generation to come that the United States is an untru...

Politics

36 h. ago Trump’s tariffs have become his Vietnam – and the right is breaking ranks | Sidney Blumenthal

A trade court ruling is exposing the civil war on the right, as key legal establishment figures oppose the presidentDonald Trump’s trade war has become his quagmire: legal, economic and political. On 28 May, the court of international trade ruled his tariffs exceeded his constitutional authority. Point by point, the decision decimated Trump’s arguments as flimsy and false, implicitly castigated the Republican Congress for abdicating its constitutional responsibility, and reminded other courts, not least the supreme court, of the judicial branch’s obligation to exercise its authority regardless of the blustering of the executive and the fecklessness of the legislative branches.Trump’s tariffs, along with his withdrawal of active support for Ukraine and passivity toward his strongman father figure Vladimir Putin, have broken the western alliance, forcing the west to make its own arrangements with China, and cementing the idea for a generation to come that the United States is an untru...

Politics

38 h. ago Now Trump’s tariffs hit America’s supply of vapes as prices set to skyrocket

Popular vape brands like Geek Bar may get more expensive - if you can find them at all

Events

47 h. ago Trump issues travel ban barring US entry from 12 countries and signs order restricting student visas at Harvard – live

Order also restricts entries from seven other countries, as separate proclamation bars students from obtaining visas to enter country to attend HarvardTrump signs order banning citizens of 12 countries from entering the USTrump signs proclamation to restrict foreign student visas at HarvardTrump orders inquiry into Biden’s actions as president over ‘cognitive decline’ reportsThe Trump administration has reversed its decision to revoke the legal status of a four-year-old girl, receiving continuing life-saving treatment in the US, and her family after a national outcry.Deysi Vargas, her husband and their daughter – whom lawyers identified by the pseudonym Sofia – had come to the US in 2023 to seek medical care for their daughter who has a rare condition that requires specialized treatment. But in April, the federal government ended their humanitarian parole, a temporary status granted to people on urgent humanitarian grounds, and ordered them to “self-deport”. Continue reading...

Politics

48 h. ago Trump issues sweeping travel ban barring entry to US from 12 countries – live

Order bars entry for all nationals of countries including Afghanistan, Iran, Sudan and Yemen and restricts entries from seven other countriesTrump’s tax bill would add $2.4tn to US debt, says non-partisan analysisThe Trump administration has reversed its decision to revoke the legal status of a four-year-old girl, receiving continuing life-saving treatment in the US, and her family after a national outcry.Deysi Vargas, her husband and their daughter – whom lawyers identified by the pseudonym Sofia – had come to the US in 2023 to seek medical care for their daughter who has a rare condition that requires specialized treatment. But in April, the federal government ended their humanitarian parole, a temporary status granted to people on urgent humanitarian grounds, and ordered them to “self-deport”. Continue reading...

Politics

53 h. ago Elon Musk again criticizes Trump’s spending bill and says a new one should be drafted – live

Musk, who just left the Trump administration formally last week, calls for a new tax bill to be drafted and claims ‘America is in the fast line to debt slavery’Trump’s tax bill would add $2.4tn to US debt, says non-partisan analysisThe Trump administration has reversed its decision to revoke the legal status of a four-year-old girl, receiving continuing life-saving treatment in the US, and her family after a national outcry.Deysi Vargas, her husband and their daughter – whom lawyers identified by the pseudonym Sofia – had come to the US in 2023 to seek medical care for their daughter who has a rare condition that requires specialized treatment. But in April, the federal government ended their humanitarian parole, a temporary status granted to people on urgent humanitarian grounds, and ordered them to “self-deport”. Continue reading...

Economics

55 h. ago Trump says Putin told him Russia ‘will have to respond’ to Ukraine drone attacks – live

Trump says ‘good’ conversation with Putin won’t lead to ‘immediate peace’ in Ukraine The Trump administration has reversed its decision to revoke the legal status of a four-year-old girl, receiving continuing life-saving treatment in the US, and her family after a national outcry.Deysi Vargas, her husband and their daughter – whom lawyers identified by the pseudonym Sofia – had come to the US in 2023 to seek medical care for their daughter who has a rare condition that requires specialized treatment. But in April, the federal government ended their humanitarian parole, a temporary status granted to people on urgent humanitarian grounds, and ordered them to “self-deport”. Continue reading...

Politics

56 h. ago Trump’s ‘big, beautiful bill’ could add $2.4tn to national debt, nonpartisan analysis says – US politics live

Congressional Budget Office assessment comes as Musk is among prominent critics of the bill; Mexico says it will act over tariffs if no trade deal agreedThe Trump administration has reversed its decision to revoke the legal status of a four-year-old girl, receiving continuing life-saving treatment in the US, and her family after a national outcry.Deysi Vargas, her husband and their daughter – whom lawyers identified by the pseudonym Sofia – had come to the US in 2023 to seek medical care for their daughter who has a rare condition that requires specialized treatment. But in April, the federal government ended their humanitarian parole, a temporary status granted to people on urgent humanitarian grounds, and ordered them to “self-deport”. Continue reading...

Politics

56 h. ago It’s always steel — tariffs provide Trump with a familiar trade weapon

The industry has suffered from overproduction and protectionism for decades

Politics