83 m. ago Trump tariffs live: China hits US with huge 34% tariff after FTSE drops in market meltdown

China hits back with huge tariffs after Trump’s ‘Liberation Day’ wipes $2.4trn from S&P 500, in its biggest one-day loss since March 2020

Politics

88 m. ago Stock markets plunge as China announces retaliatory 34% tariffs on US goods – business live

Global trade war escalate as Beijing hits back against Donald Trump with new tariffs on US goodsIMF warns of ‘significant risk’ to global economy from Trump tariffs as markets slideGlobal markets in turmoil as Trump tariffs wipe $2.5tn off Wall StreetAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsNew Civil Liberties Alliance, a conservative legal group, has filed what it says is the first lawsuit seeking to block Donald Trump’s tariffs on Chinese imports, saying the US president overstepped his authority. Reuters reports:The lawsuit, filed in federal court in Florida, alleges that Trump lacked the legal authority to impose the sweeping tariffs unveiled on Wednesday as well as duties authorized on February 1 under the International Emergency Economic Powers Act.“By invoking emergency power to impose an across-the-board tariff on imports from China that the statute does not authorize, President Trump has misused that power, usurped Congress’s right to contro...

Economics

91 m. ago FTSE latest: European stock markets plunge after China retaliates with 34% tariff on US goods

The stock markets in the UK, France, Germany, Japan, South Korea and Australia were all falling for a second day

Economics

2 h. ago China imposes a 34% tariff on imports of all U.S. products starting April 10

China has announced it will impose a 34% tariff on imports of all U.S. products beginning April 10

Politics

3 h. ago Trump will stop the tax break for retailers like Shein. It could change the way we shop

The days of getting low cost goods from brands like Temu could be numbered

Politics

5 h. ago FTSE 100 hits lowest level since January as IMF warns Trump tariffs ‘a significant risk’ to global economy – business live

Kristolina Georgieva warns against retaliation to US levies while US president insists ‘markets will boom’ after sweeping tariff announcementGlobal markets in turmoil as Trump tariffs wipe $2.5tn off Wall StreetAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsNew Civil Liberties Alliance, a conservative legal group, has filed what it says is the first lawsuit seeking to block Donald Trump’s tariffs on Chinese imports, saying the US president overstepped his authority. Reuters reports:The lawsuit, filed in federal court in Florida, alleges that Trump lacked the legal authority to impose the sweeping tariffs unveiled on Wednesday as well as duties authorized on February 1 under the International Emergency Economic Powers Act.“By invoking emergency power to impose an across-the-board tariff on imports from China that the statute does not authorize, President Trump has misused that power, usurped Congress’s right to control tariffs, and upset the Constitution’s ...

Events

14 h. ago Trump floats China tariff relief in exchange for TikTok sale approval

US president suggests he is open to horse-trading a day after imposing severe import levies on Chinese goods

Politics

25 h. ago Trump closes China tariff loophole used by fast fashion retailers like Shein and Temu

Imported goods under $800 will now be subject to duties of either 30% of their value or $25 per item

Politics

28 h. ago China’s furious reaction to Trump’s tariff announcement – but not for the reason you think

In the wake of US President Donald Trump's "Liberation Day" announcement on tariffs placed on every nation in the world, China has reacted to fury on taxes placed on another nation

Politics

43 h. ago The Florida and Wisconsin election results are a warning for Trump and Republicans | Lloyd Green

Republicans in Florida couldn’t re-create Trump’s November margins, while Musk’s efforts in Wisconsin failedDonald Trump and the Republicans ought to be wary of a possible blue wave in next year’s midterms. On Tuesday, voters in Florida and Wisconsin signaled dissatisfaction with Elon Musk, the GOP and the president. On the surface, the results spelled political equipoise. No seats changed hands.A closer look, however, reveals possible headaches for Donald Trump and his party. Continue reading...

Politics

45 h. ago Elon Musk 'set to leave Donald Trump's cabinet', president tells allies

Donald Trump has told close allies that Tesla CEO Elon Musk will take a step back in the coming weeks, it has been reported, as backlash of Musk's influence over the government grows

Politics

45 h. ago Trump’s tariffs: how might Europe respond to unleashing of trade war?

Bloc’s options include retaliating with tariffs on US goods and services and forming closer ties with other countriesDonald Trump is getting ready to impose sweeping and immediate tariffs on all foreign goods, thereby unleashing a trade war and upending the multilateral trading system that the US helped to build after the second world war.Here is how Europe might respond: Continue reading...

Politics

62 h. ago Cory Booker has criticized Trump on Senate floor for more than 23 hours, nearing record – live

Democratic senator slams Trump administration’s various policies and is close to the all-time US record held by Strom Thurmond (24 hours and 18 minutes)Cory Booker holds marathon Senate speech to warn of Trump’s ‘harmful’ policiesUS voters are headed to the polls on Tuesday in Wisconsin and Florida in elections that some see as a test of Donald Trump’s popularity and the political clout of his billionaire ally Elon Musk.The most closely watched contest is a battle for a seat on Wisconsin’s seven-member supreme court. Conservatives are trying to flip ideological control of the court, which currently has a 4-3 liberal majority. The contest, which features liberal judge Susan Crawford facing off against conservative Brad Schimel, will have huge consequences in the state. Continue reading...

Politics

3 d. ago UK fashion retailer goes bust as staff are told 'you're not getting your wages yet'

A UK fashion retailer shared a worrying update with their staff after officially going bust and telling their remaining staff there would be a delay on their wages

Politics

3 d. ago Kemi Badenoch warns UK should NOT retaliate if Trump brings in tariffs as Tory leader says Britain must 'stick closely to the US' and seek a trade deal

The Conservative Party leader warned that import levies 'just make everyone poorer' and demanded Labour ministers work flat out on a 'comprehensive' trade deal.

Events

4 d. ago China and India to face brunt of Trump tariff threat against Russian oil buyers

‘Very angry’ Trump says he will punish all buyers of Russian oil if he believes Putin is scuppering a ceasefire deal on Ukraine

Economics

6 d. ago Trump moves to officially close USAID and tells remaining employees their jobs will be eliminated

After months of attempting to remove responsibility, funding and staff from the U.S. Agency for International Development, the Trump administration moved to effectively close it down on Friday

Politics

6 d. ago The Latest: Trump effect: Fewer Americans now see Canada as a close US ally

President Donald Trump is citing his authority over diplomatic negotiations as he seeks Supreme Court approval to deport more immigrants to be imprisoned in El Salvador

Politics

8 d. ago The spirit of the Confederacy is alive and well in Trump’s America | Lloyd Green

Sympathy for yesteryear is gaining traction among Republican elites, and Trump’s relations with white supremacy is too closeGen Robert E Lee is long dead, but the spirit of the Confederacy appears alive and well. Federal contractors will no longer be explicitly barred from racially segregating their restaurants, waiting rooms and water fountains, according to the Trump administration. A memorandum dated 15 February 2025, issued by the General Services Administration, the procurement arm of the federal government, explicitly dropped those strictures.“Any open solicitations that contain any of the provisions or clauses listed above should be amended to remove the provisions and clauses,” the memo read. Forget about simply putting an end to race-based affirmative action and DEI. Team Trump appears determined to turn the clock back to the 1950s, if not earlier than that. The ghost of Jim Crow smiles.Lloyd Green is an attorney in New York and served in the US Department of Justice from 1...

Politics

8 d. ago Next joins the elite £1 billion profit a year club but warns of 'risks to the economy'

High street chain become only the fourth British retailer to pass a milestone that boss Lord Wolfson plays down as “not important”

Economics