38 h. ago A dozen US states sue to stop Trump’s ‘reckless and insane’ tariff policy

Lawsuit rebukes claim that president can arbitrarily impose tariffs based on act intended for emergenciesA dozen states sued the Trump administration in the US court of international trade in New York on Wednesday to stop its tariff policy, saying it is unlawful and has brought chaos to the American economy.The lawsuit said the policy put in place by Donald Trump has been subject to his “whims rather than the sound exercise of lawful authority”. Continue reading...

Politics

65 h. ago Trump’s tariffs spark global recession fears as White House hints at trade deal with China: Live updates

The International Monetary Fund downgraded growth in nearly all countries amid ongoing uncertainty from the Trump administration’s trade policy

Economics

68 h. ago Trump’s tariffs raise chances of U.S. and global recession to ‘almost 100%’, economist warns: Live updates

The International Monetary Fund downgraded growth in nearly all countries amid ongoing uncertainty from the Trump administration’s trade policy

Events

2 d. ago Trump warned US economic growth to be hit hardest by tariff trade war: Live updates

The International Monetary Fund downgraded growth in nearly all countries amid ongoing uncertainty from the Trump administration’s trade policy

Events

6 d. ago Disengaging from China on business would be ‘foolish’, Rachel Reeves says

Chancellor supports economic ties with Beijing as she prepares to fly to US next week for trade deal talksRachel Reeves has dismissed the idea of economically disengaging from China, amid concerns the US may put pressure on the UK to limit its deals with Beijing.The chancellor, who will discuss a trade deal with the US on a trip to Washington next week, said it would be “very foolish” for Britain to have less involvement with Xi Jinping’s administration. Continue reading...

Politics

6 d. ago Cutting business ties with China would be ‘foolish’, Reeves says amid reports of US pressure

Chancellor supports economic ties with Beijing as she prepares to fly to US next week for trade deal talksRachel Reeves has dismissed the idea of economically disengaging from China, amid concerns the US may put pressure on the UK to limit its deals with Beijing.The chancellor, who will discuss a trade deal with the US on a trip to Washington next week, said it would be “very foolish” for Britain to have less involvement with Xi Jinping’s administration. Continue reading...

Events

6 d. ago UK firms put the brakes on investment plans post tariffs, survey finds

Larger businesses are more likely to be expecting a squeeze from new global trade policy, according to a survey carried out by HSBC UK.

Economics

7 d. ago Trump warns ‘substantial’ tariffs will remain on imports as Reeves prepares for US talks

US president doubles down on trade policy as chancellor aims to secure trade deal for UK in Washington

Events

7 d. ago FTSE 100 claws back week of strong gains after Trump tariff nosedive

The FTSE 100 delivered a week of solid gains ahead of Easter as unpredictable US trade policy continues to drive volatility in global markets.

Politics

9 d. 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

9 d. ago Nato chief in surprise Ukraine visit as US fails to condemn Sumy attack – Europe live

Mark Rutte makes unannounced visit to Odesa and tells Zelenskyy that ‘Nato support is unwavering’The EU has said that “significant joint efforts will be needed” for a successful outcome to trade talks at the end of Donald Trump’s 90-day pause on tariffs.The European Commission, which handles trade policy for the 27 EU member states, was reporting back on a meeting between its lead trade official Maroš Šefčovič and US commerce secretary Howard Lutnick and US trade representative Jamieson Greer in Washington on Monday.The EU will continue to approach these talks in a constructive manner, with a view to identify areas of common interest. It is clear that significant joint efforts will be needed to achieve a successful outcome within the 90-day window.The EU is doing its part. Now it is necessary for the US to define its position. As with every negotiation this must be a two-way street... With both sides bringing something to the table.” Continue reading...

Events

1 week ago Tariffs live: Global markets unstable while Trump says US ‘doing really well’ on trade policy

The share markets reacted after China lifted tariffs on US goods to 125 per cent and said it would ignore any further US levy increases in the escalating trade war

Politics

1 week ago Musk thinks Trump’s pal Navarro is a ‘moron’. Who are we supposed to root for here? | Dave Schilling

Tariffs have driven a wedge between Trump aides in an administration that hates expertise. I suppose boys will be boysI would like to dispel some rumors right up front. One, I did not receive a PhD in business from Harvard Business School. Hopefully this doesn’t make you think less of me, but I felt it necessary to be honest. Second, I did not even attend Harvard. I thought about it once; hopefully, thinking about something isn’t illegal yet.My point is that I am no elitist snob begging for your subservience. I’m a simple man, just trying to salvage the last of my meager wealth during the great trade war of 2025. I know absolutely nothing about global economic policy. As such, I must be worth listening to.Dave Schilling is a Los Angeles-based writer and humorist Continue reading...

Politics

2 w. ago UK trade minister visits China at same time as head of British military

Douglas Alexander’s unpublicised trip to talk with counterparts coincides with that of Adm Sir Tony RadakinA trade minister has travelled to China for an unpublicised visit this week at the same time as the head of the British military, the Guardian has learned.Douglas Alexander, the minister for trade policy and economic security, is paying a visit to Beijing this week for talks with Chinese counterparts. He is also due to visit Hainan and Hong Kong. Continue reading...

Politics

2 w. ago Trump tariffs likely to hit UK growth, warns Bank of England policymaker

Deputy governor for financial stability Sarah Breeden added that it is ‘not clear-cut’ what effect the new trade policy will have on inflation.

Events

2 w. ago Tesla CEO Elon Musk becomes severe casualty of Trump’s tariff war after losing $44bn in one week

A bitter rift appears to be forming between the world’s richest man and Republican president over his controversial trade policy

Economics

2 w. ago Bank of England issues warning of 'severe impact' of Donald Trump tariffs as it issues response

The central bank's Financial Policy Committee (FPC) has warned that the global tariffs imposed on trade could severely rock the UK's financial stability, which could have wider negative effects on the UK economy

Events

2 w. ago ‘Go Trump’: Florida shoppers back tariffs – but others are worried

Some Gainesville voters remain loyal to the president, while others cut back on buying and business owners hike pricesIn Gainesville, Florida, a small city in the north-central part of the state, small businesses and shoppers are bracing for the impacts of Trump’s sweeping tariffs.The Trump administration announced a baseline of 10% tariffs on nearly every country in the world last week, with much higher rates on countries such as China, Taiwan and Vietnam, and 20% tariffs on European Union countries. Continue reading...

Politics

2 w. ago China vows to fight tariffs to end, saying trade with US is already balanced

China again vowed to “fight to the end” against Donald Trump’s tariffs in a lengthy policy statement published Wednesday, while arguing that trade between the two countries is in balance as a 104% tax on the country’s exports to the U.S. came into effect

Economics

2 w. ago Companies’ rush to promise new US factories threatened by Trump tariff chaos

New plants will take years to build and executives are wary of committing while trade policy is unclear

Events