66 h. ago Donald Trump's rosy assessment of tariffs despite causing stock market chaos

Donald Trump spoke to reporters hours after plunging the stock market into havoc - sparking fears of a recession - with his raft of tariffs, including the 10% on the UK

Politics

68 h. ago Asian markets drop further 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 announcementFull report: Global markets in turmoil as Trump tariffs wipe $2.5tn off Wall StreetAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsSenior senators introduced new bipartisan legislation on Thursday seeking to claw back some of Congress’s power over tariffs after Donald Trump unveiled sweeping new import taxes and rattled the global economy with sweeping new import taxes.The Trade Review Act of 2025, co-sponsored by Senator Chuck Grassley, a top Republican lawmaker from Iowa, a state heavily reliant on farm exports, and Senator Maria Cantwell, a Democrat from Washington, whose state shares a border with Canada, would require the president to notify Congress of new tariffs, and provide a justification for the action and an analysis on the potential impact on US businesses and consumers. Continue reading...

Events

3 d. ago Keir Starmer to give major speech today after Donald Trump's tariff bombshell

Prime Minister Keir Starmer will give a major speech today less than 24 hours after US President Donald Trump unleashed damaging tariffs on Britain and the rest of the world

Politics

3 d. ago FTSE 100 share prices sink after Trump tariffs announcement as analysts warn of high US recession risk

Analysts warning of ‘high risk’ US now enters recession this year after unveiling blanket global tariffs

Events

3 d. ago US stocks sink after Trump tariffs announcement as analysts warn of high recession risk

Analysts warning of ‘high risk’ US now enters recession this year after unveiling blanket global tariffs

Events

3 d. ago Canada Trump tariff exemption ‘like dodging a bullet into the path of a tank’, says business leader

Automotive industry and prime minister Mark Carney note that 25% tariffs on Canadian steel, aluminum and automobiles will still come into effect within hoursCanada’s exemption from Donald Trump’s global tariffs was “like dodging a bullet into the path of a tank”, say business leaders as other levies are poised to hit key industries that drive the country’s economy.In a theatrical unveiling of tariffs on countries with “unfair” practices on Wednesday afternoon, Canada was noticeably absent, alongside trade ally Mexico. Continue reading...

Politics

4 d. ago Liberation from what? Trump promised lower prices – his tariffs risk the opposite

Trump pledged to liberate the nation from higher prices, and is betting tariffs won’t raise them too high, for too longFor weeks, Donald Trump and his aides sought to brand Wednesday as “liberation day” in America. Many in the US could be forgiven for wondering what exactly they’ve just been liberated from.After much hype, the president unveiled his plan for a new era in global trade: a blanket 10% tariff on goods imported into the US from Saturday, and higher “reciprocal” tariffs (of up to 49%) on countries taxing US exports from next Wednesday. Continue reading...

Politics

4 d. ago Trump tariffs latest: Donald Trump unveils 10% tariffs on UK imports amid fears of global trade war

President’s ‘Liberation Day’ announcement spares UK from worst of tariffs but will undo trade arrangements that have been in place since 1947

Politics

4 d. ago Trump tariffs latest: World on edge as Donald Trump unveils sweeping tariffs on global trade

President’s ‘Liberation Day’ announcement will undo trade arrangements that have been in place since 1947

Politics

4 d. ago Donald Trump unveils global tariffs as he says 'Liberation Day' will 'make America wealthy again'

The UK is among the many nations expected to be hit with tariffs when exporting to the US after Donald Trump unveiled his 'Liberation Day' border taxes in the White House

Economics

4 d. ago Trump tariffs latest: World on edge as Donald Trump prepares to unveil sweeping tariffs on global trade

President’s ‘Liberation Day’ announcement is expected to undo trade arrangements that have been in place since 1947

Politics

4 d. ago Trump hours away from unveiling global tariffs in possible shake

US president claims tariffs part of a ‘liberation day’ that could include levies for China, Brazil, India and the European UnionDonald Trump’s planned tariffs will be negative across the world, with the damage depending on how far they go, how long they last and whether they lead to successful negotiations, the European Central Bank head, Christine Lagarde, said on Wednesday.The Trump administration on Wednesday is set to announce “reciprocal tariffs” targeting nations that have duties on US goods. That move would come after it slapped new import levies on products from Mexico, China and Canada – the top US trading partners – as well as on goods including steel and autos.Wisconsin beat the billionaire.Wisconsin cannot be bought. Our democracy is not for sale. And when we fight, we win. Congratulations, @CrawfordForWI Continue reading...

Politics

4 d. ago After months of surrender, the Democrats have finally stood up to Trump – thank you, Cory Booker | Emma Brockes

Watching the New Jersey senator hold court for 25 hours felt radical and catharticOne of the problems beleaguering political opponents of Donald Trump has been finding a form of protest that, given the scale of his outrages, doesn’t seem entirely futile. You can parade outside a Tesla showroom. You can hold up dumb little signs during Trump’s address to Congress inscribed with slogans such as “This is not normal” and “Musk steals”. You can, as Democrats appear to have been doing since the election, play dead.Alternatively, you can go for the ostentatious, performative gesture. On Monday evening, Cory Booker, the Democratic senator for New Jersey who carries himself like someone who’d have been happier in an era when men wore capes, started speaking on the floor of the Senate and carried on for 25 hours and five minutes, breaking the chamber’s record by almost 50 minutes and delivering – finally – a solid, usable symbol of rebellion.Emma Brockes is a Guardian columnist Continue readi...

Politics

4 d. ago Trump hours away from unveiling global tariffs in possible shakeup of US economic strategy – live

US president claims tariffs part of a ‘liberation day’ that could include levies for China, Brazil, India and the European UnionDonald Trump’s planned tariffs will be negative across the world, with the damage depending on how far they go, how long they last and whether they lead to successful negotiations, the European Central Bank head, Christine Lagarde, said on Wednesday.The Trump administration on Wednesday is set to announce “reciprocal tariffs” targeting nations that have duties on US goods. That move would come after it slapped new import levies on products from Mexico, China and Canada – the top US trading partners – as well as on goods including steel and autos.Wisconsin beat the billionaire.Wisconsin cannot be bought. Our democracy is not for sale. And when we fight, we win. Congratulations, @CrawfordForWI Continue reading...

Economics

4 d. ago Who is Cory Booker as he breaks record for longest Senate speech with fiery Trump condemnation?

US Senator Cory Booker delivers a record-breaking 25-hour speech in the Senate, criticising Donald Trump's agenda and highlighting Democratic efforts to challenge the president

Politics

4 d. ago MIKEY SMITH: 5 baffling surprises from Donald Trump world in last 24 hours

Will Donald Trump really slap 20% tariffs on all goods imported from all countries, pumping inflation in his own country and causing untold chaos on world trade? And what about ...drugs?

Politics

4 d. ago 'Trade war is in nobody's interests,' says Keir Starmer just hours before Donald Trump slaps tariffs on UK

But the Prime Minister has been criticised for not taking a tougher approach to the US president’s import levies plan

Politics

4 d. ago Starmer appeals for 'calm' hours before Trump's 'Liberation Day' tariffs as he admits UK faces being hit

Keir Starmer said the government is being 'pragmatic' and 'preparing for all eventualities' with our 'feet on the ground' as he took the regular session of PMQs.

Politics

4 d. ago Trump live: Wisconsin result marks massive blow to president just hours before ‘Liberation Day’ tariff announcement

Elon Musk-backed Wisconsin Supreme Court election candidate has been defeated at the ballot box by liberal judge Susan Crawford

Politics

4 d. ago Booker makes a stand against Trump – and doesn’t stop for 25 hours

Democrats have appeared lame and leaderless for 72 days, but then Cory Booker stood up and did something“Would the senator yield for a question?” asked Democratic leader Chuck Schumer.Senator Cory Booker, who on a long day’s journey into night had turned himself into the fighter that many Democrats were yearning for, replied with a wry smile: “Chuck Schumer, it’s the only time in my life I can tell you no.” Continue reading...

Politics