7 h. ago Trump’s tech tariffs are total chaos – and everyone’s paying the price

From iPhone airlifts to Nintendo delays, Trump’s trade war has thrown the tech world into confusionHello, and welcome to TechScape. Today’s news: Donald Trump’s tariffs spread confusion like a germ, tech takes two kinds of environmental tolls, Meta faces an antitrust trial, and I’ve been watching two excellent pieces of serialized fiction on Instagram and TikTok.OpenAI countersues Elon Musk over ‘unlawful harassment’ of companyFederal workers fear Musk’s ‘efficiency’ agency is using AI to spy on them: ‘They are omnipresent’ Continue reading...

Economics

8 h. ago US’s $2.36tn tourism business fears ‘Trump slump’ over tariff turmoil

Warnings emerge even as effect of economic and political turbulence on the foreign visitors to the US is hard to defineBatman said business was so-so, and King Kong beat his chest in agreement. But neither could predict that it would improve. Gotham’s caped crusader and his muscular ape neighbour could only hope. As with Times Square’s superhero-themed visitor-photography business last week, so it is with the US tourism business at large.The effect of economic and political turbulence on the number of foreign visitors coming to the US is for now hard to define. But both – whether through tariffs, currency exchange chaos, or fears over political ill-winds – are sending chills through the $2.36tn business, the world’s most powerful travel and tourism market. Continue reading...

Economics

8 h. ago ‘Shock to the system’: farmers hit by Trump’s tariffs and cuts say they need another bailout

With extreme weather and Trump’s looming trade war, US farmers are reeling and resigned to needing another bailoutFarmers across the United States say they could face financial ruin – unless there is a huge taxpayer funded bail out to compensate for losses generated by Donald Trump’s sweeping cuts and chaotic tariffs.Small- and medium-sized farms were already struggling amid worsening climate shocks and volatile commodities markets, on top of being squeezed by large corporations that dominate the supply chain. Continue reading...

Events

13 h. ago UK business confidence sinks to lowest level in years after tariff chaos

Taxation has emerged as a major concern for businesses

Economics

15 h. ago JD Vance says US is ‘working very hard’ on negotiating ‘great’ UK trade deal amid Trump tariffs chaos

‘I think there’s a good chance that, yes, we’ll come to a great agreement that’s in the best interest of both countries’ - JD Vance

Economics

16 h. ago Aircraft deliveries at risk from tariff chaos, says Ryanair boss O’Leary

Airlines and plane manufacturers are preparing to battle over who pays for the duties

Events

16 h. ago Aircraft deliveries at risk from tariff chaos, Ryanair warns

Airlines and plane manufacturers prepare to battle over who pays the duties

Events

29 h. ago Trump claims he wants to boost American manufacturing. But the industry is already in chaos over his tariffs

Trump trade policies created an ‘unwillingness to work with American companies,’ U.S. coffee grower says

Politics

37 h. ago Stock markets rise on signs of Trump tariff retreat; British Steel races to keep furnaces burning – business live

Chinese exports jump as official says ‘the sky won’t fall,’ despite warning from US officials that smartphone and laptop exemption from import tariffs on China will be short-livedMatt Britzman, senior equity analyst at Hargreaves Lansdown, said:Just when it seemed the tariff chaos couldn’t get any worse, tech investors have spent the weekend scrambling to make sense of a whirlwind of confusing - and at times contradictory - messages coming out of the White House. Despite the drama, European markets have taken an easing stance on US tech components as a positive in a broad-based rally this morning, with the FTSE 100 up 1.5% in early trading.This time, it’s chips, smartphones, and other tech components taking centre stage. While there were early signs on Friday night that some broad exemptions might be in play, it turns out tariffs are still very much on the table. But here’s the twist: despite the messy rollout, what’s caught investors’ attention is the news that these products won’t...

Economics

58 h. ago Price hike on Shein? How Trump tariffs could shift the US’s love of fast fashion

Trump ended the ‘de-minimis’ rule while launching a trade war with China – which will make retail giants such as Temu more expensive, experts sayAfter a chaotic week of flip-flopping tariff policies, cheap clothes from China are nearly certain to face a steep price hike soon – prompting concern among fast fashion retailers and potentially pushing consumers to look for other alternatives.As part of a package of global tariff policies announced on “liberation day” last week, Donald Trump signed an executive order that ended a duty-free exemption for low-priced goods to enter the US from China and Hong Kong. Known as the “de-minimis” rule, packages under $800 do not qualify for any taxes or tariffs on the goods and are inspected minimally at the border. Continue reading...

Politics

64 h. ago SNL mocks ‘messiah’ Trump over chaotic tariffs policy with Easter

‘Some people call me the Messiah because of the mess I uh made out of the economy’

Politics

3 d. ago ‘A new golden age’: how rightwing media stuck by Trump as global markets collapsed

Trump’s tariffs were sometimes played down, sometimes cheered but rarely seriously questioned by the rightWhile Donald Trump recently instituted and paused hefty tariffs, sparking a trade war and chaos in financial markets, most of the country’s conservative media either applauded the US president or critiqued the policy but not the person behind it, according to journalists and observers of conservative media.Meanwhile, economists, business leaders, Democrats and even some Republicans warned that the tariffs, which prompted the largest American stock market drop since the start of the Covid-19 pandemic, could cause a recession. Continue reading...

Politics

4 d. ago MTG scooped up plummeting stocks during market chaos sparked by Trump tariffs

The Georgia congresswoman not only bought stocks last week, but also took on some of the markets’ biggest losers

Politics

4 d. ago BORIS JOHNSON: Time for Britain to lead the world out of tariff chaos

With ­trembling fingers I reached into the chilled display. It felt like hours that I had been ­scouring the shelves in the vast Texan supermarket, with aisles as long as Westminster Abbey.

Politics

4 d. ago Nigel Farage compares turmoil of Donald Trump’s tariffs to market chaos caused by Liz Truss

Nigel Farage has compared Donald Trump with Liz Truss as he increasingly distances himself from the US president’s policies

Politics

4 d. ago UK households told to stockpile tinned food for two key reasons

Donald Trump's tariffs have caused economic chaos worldwide, with UK industry bodies warning this could lead to an increase in tinned food prices here in Britain

Society

5 d. ago Where do the tariffs stand now? Mapping Trump’s week of market chaos

The president’s week of upheaval drew to a close after he issued a 90-day pause on ‘reciprocal’ tariffs

Politics

5 d. ago Prada buys rival Versace from beleaguered US owner for 1.25 billion euros amid tariffs chaos in biggest luxury deal of the year

The acquisition will create a luxury group with revenues of over six billion euros that could better compete with industry giants such as the French conglomerates LVMH and Kering.

Economics

5 d. ago Starmer urged to accelerate global trade deals after Trump tariff chaos

Exclusive: The UK is warned it cannot isolate itself from the effects of a trade war between the US and China after Donald Trump’s U-turn on tariffs

Economics

5 d. ago Will Trump’s tariff chaos be China’s gain in global trade wars?

As China retaliates against tariffs, it is also making strategic manoeuvres on EU and Asia to maximise opportunitiesBusiness live – latest updatesOn the basis of Napoleon’s dictum “never interrupt your enemy while they are making a mistake”, there was a large incentive for China to do precisely nothing as Donald Trump displayed his determination to lose friends and induce market panic. Indeed, the Chinese advocates of passivity cited a social media meme attributed to President Xi Jinping: “Do nothing. Win.”Initially it was tempting for China to sit back and watch the US’s former allies recoil at Trump’s disruptive war on globalisation and let them realise that, by comparison, China represented an oasis of stability, modernity and predictability. Continue reading...

Events