2 h. 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

6 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

27 h. ago Trump live: Apple and Tesla stocks drop in wake of ‘Liberation Day’ as Republicans defy president over tariffs

President Trump says he will impose blanket tariffs on all countries, hitting China and Europe hardest

Politics

28 h. ago Trump live: Apple stocks tumble in response to ‘Liberation Day’ as senior Republicans speak out on tariffs

President Trump says he will impose blanket tariffs on all countries with ‘worst offenders’ including China and Europe facing much higher rates

Politics

30 h. ago EU responds to Trump tariffs as boss hits back at US President's furious 'PATHETIC' blast

Donald Trump imposed sweeping tariffs on all imported goods entering the US in a move that most economists believe will drive prices higher for American consumers

Politics

38 h. ago Trump imposes sweeping Liberation Day reciprocal tariffs targeting 'foreign cheaters' sending shockwaves worldwide

President Donald Trump made good on his campaign promise to implement sweeping new tariffs during a Wednesday afternoon event in the White House Rose Garden.

Events

39 h. ago Watch: Trump brings out big chart to list tariffs during ‘Liberation Day’ speech

US President Donald Trump brought a large chart on stage during his “Liberation Day” announcement to outline his reciprocal tariffs plan.

Politics

40 h. ago Trump claims U.S. industry ‘reborn’ as he imposes sweeping tariffs on his highly touted ‘Liberation Day’

President falsely claims that tariffs will be paid by foreign countries even though they are paid by American importers and passed on to consumers as higher prices

Politics

40 h. ago Trump hits UK with 10% 'reciprocal' tariffs as he unveils 'Liberation Day' onslaught including 25% on ALL foreign car imports

Donald Trump is expected to confirm that the UK will not escape the pain of levies he claims will restore 'fairness' in global trade.

Politics

42 h. ago Trump ‘Liberation Day’ live news: Trump to announce reciprocal tariffs plan amid fears of escalating trade war

All eyes on President Trump as he prepares to reveal next phase of sweeping tariff agenda, as global markets fear escalating trade war

Politics

42 h. ago What repercussions will President Trump’s tariffs have on the UK?

The UK is “preparing for all eventualities” as global stock markets nervously await the imposition of Donald Trump’s sweeping trade tariffs on Wednesday, 2 April.

Politics

46 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

53 h. 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

66 h. ago Trump live updates: ‘Liberation Day’ tariffs to be effective immediately, White House says

Trump prepares sweeping round of reciprocal tariffs that threatens to trigger U.S. recession and global trade war, as Speaker Mike Johnson says, ‘You have to trust the president’s instincts on the economy’

Politics

69 h. ago Trump live updates: President to announce ‘Liberation Day’ tariffs at Rose Garden event tomorrow

Trump prepares sweeping round of reciprocal tariffs that threatens to trigger U.S. recession and global trade war, as Speaker Mike Johnson says, ‘You have to trust the president’s instincts on the economy’

Politics

69 h. ago Trump live updates: President’s ‘Liberation Day’ tariffs announcement fuels uncertainty for stock markets

Trump prepares sweeping round of reciprocal tariffs that threatens to trigger U.S. recession and global trade war, as Speaker Mike Johnson says, ‘You have to trust the president’s instincts on the economy’

Politics

2 d. ago Trump live updates: Fears mount as stock markets brace for president’s ‘liberation day’ tariffs announcement

Trump prepares sweeping round of reciprocal tariffs that threatens to trigger U.S. recession and global trade war, as Speaker Mike Johnson says, ‘You have to trust the president’s instincts on the economy’

Politics

3 d. ago Trump aides draft proposal for 20% tariffs on ‘most imports’ to US as Liberation Day deadline looms: Live

Trump’s team says it is still weighing options as the president prepares to announce a sweeping round of reciprocal tariffs that threatens to trigger U.S. recession and a global trade war

Politics

3 d. ago Global cost of Trump trade war ‘could reach $1.4tn’; Goldman Sachs cuts UK growth forecast over tariff spillovers – business live

Rolling coverage of the latest economic and financial news, as UK business secretary warns Britain will be hit by ‘Liberation Day’ tariffsTrump prepares to unveil reciprocal tariffs as markets brace amid trade war fearsTrump’s new tariffs could backfire if they are set too high, explains Mark Haefele, chief investment officer at UBS Global Wealth Management:“Wednesday’s reciprocal tariffs could push the effective tariff rate another 4 percentage points higher. Anything further than that could move tariffs beyond a revenue-raising ‘sweet spot,’ in our view.Globally, the risk of high tariffs disrupting trade and economic activity would potentially offset any US federal revenue gains that the Trump administration seeks to use to further domestic policies.”“It appears tomorrow there’ll be no country in the world exempt from the initial announcements”.I tihnk that our trading relatinship is a very strong, and fair and balanced one, so I don’t think there is the need to do this. Continue ...

Economics

3 d. ago Trump aides ‘caught by surprise’ after president reveals he’s settled on ‘Liberation Day’ tariff plans: Live

Global markets brace for Trump’s impending announcement of his reciprocal dollar-for-dollar tariffs

Politics