1 week ago Donald Trump is now badly wounded. Europe can seize an advantage | Will Hutton

It’s time to fashion a new global trade order without the USThe game-changing geopolitical event last week was the near collapse of the immense $29tn ­market in US government debt, threatening the stability of the American and global financial system and the safe-haven status of dollar assets.The US president boasted as the collapse unfolded that world leaders were queueing to “kiss his arse”. Twelve hours later, he was in the same humiliatingly weak position as the then British prime minister Liz Truss found herself after her tax-slashing “mini-budget” in 2022. The markets had forced him to pause for 90 days the swingeing range of “reciprocal” tariffs that he announced on what he proclaimed “liberation day”; instead he lowered all of them, bar that on China, to 10%. Continue reading...

Politics

1 week ago Donald Trump exempts mobile phones and other tech from tariffs in new economic war move

President Donald Trump has announced a list of tech devices, including smartphones and computers, that will be exempt from reciprocal tariffs imposed on 'Liberation Day'

Economics

2 w. ago Trump brags world leaders are ‘kissing my a**’ and celebrates ‘great Hannibal Lecter’ at NRCC dinner

‘Please, Sir, make a deal. I’ll do anything. I’ll do anything, Sir,’ Trump mocked just hours before his sweeping reciprocal tariffs were imposed

Politics

2 w. ago Donald Trump insists 'China wants deal badly and it will happen' in social media rant

Donald Trump has posted about China after Beijing threatened to fight the president's recent Liberation Day tariffs of 34% against the nation with reciprocal measures

Politics

2 w. ago FTSE suffers biggest daily drop since early in the pandemic as Wall Street slides again – business live

Global trade war escalates as Beijing hits back against Donald Trump with new tariffs on US goodsChina retaliates to Trump’s ‘bullying practice’ with 34% tariffs on US importsIMF warns of ‘significant risk’ to global economy from Trump tariffs as markets slideAnalysis: 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 ...

Economics

3 w. 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

3 w. 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

3 w. 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

3 w. 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

3 w. 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

3 w. 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

3 w. 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

3 w. 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

3 w. 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

3 w. 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

3 w. 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

3 w. 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

3 w. 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

3 w. 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

3 w. 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