3 h. 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

4 h. ago This is the barren, uninhabited island Trump has imposed 10% tariffs on

This is the barren, uninhabited island near Antarctica on which Donald Trump slapped a 10% import tariff when he announced his wide-reaching levies on Wednesday, 2 April.

Politics

8 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

12 h. ago Trump claims Starmer is ‘very happy’ about tariffs imposed on Britain

UK foreign secretary regrets ‘return to protectionism’ and says Britons will be concerned about impact on financesBusiness live – latest updatesDonald Trump has claimed that the UK is “very happy” with tariffs imposed on the country as part of his shock upending of global trade, but the British foreign secretary, David Lammy, said he regretted the “return to protectionism”.Wielding a chart in the White House Rose Garden, the US president revealed on Wednesday that the UK would be hit with 10% so-called “reciprocal” tariffs as part of a sweeping drive on all countries. Continue reading...

Politics

12 h. ago Trump insists Starmer ‘very happy’ with tariffs as UK prepares for retaliation

Treasury minister says UK disappointed with decision to impose tariffs when asked if Trump was right to say Britain is pleased with its treatment

Politics

12 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

17 h. ago Trump live: Markets see worst day since Covid after new tariffs as president teases $5m gold card featuring his face

President Trump imposes blanket tariffs on all countries, hitting China and Europe hardest

Politics

19 h. ago Britain did better than Europe in 'Liberation Day' tariffs because of Brexit, Labour told

Ministers were yesterday urged to thank the previous government for 'getting Brexit done', after Donald Trump levied tariffs on UK goods at only half the level imposed on the EU.

Politics

19 h. ago Trump tariffs live: President teases $5m gold card for US entry which features his own face on day that stocks plunge globally

President Trump imposes blanket tariffs on all countries, hitting China and Europe hardest

Politics

24 h. ago Trump live updates: President says tariffs rollout ‘going very well’ despite plunging stock market

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

Politics

26 h. ago The Guardian view on Trump’s tariffs: a monstrous and momentous act of folly | Editorial

The US president has expelled his own country from the rules-based global trade system that America itself createdFor the world’s already embattled trading system, it is as though an asteroid has crashed into the planet, devastating everyone and everything that previously existed there. But there is this important difference. If an asteroid struck the Earth, the impact would at least have been caused by ungovernable cosmic forces. The assault on world trade, by contrast, is a completely deliberate act of choice, taken by one man and one nation.Donald Trump’s decision to impose tariffs on every country in the world is a monstrous and momentous act of folly. Unilateral and unjustified, it was expressed on Wednesday in indefensible language in which Mr Trump described US allies as “cheaters” and “scavengers” who “looted”, “raped” and “pillaged” the US. Many of the calculations on which Mr Trump doled out his punishments are perverse, not least the exclusion of Russia from the cond...

Politics

27 h. ago Trump imposes tariffs on remote islands near Antarctica home only to penguins

The US president has imposed tariffs on a number of tiny territories, some of which do not even have human inhabitants.

Politics

27 h. ago Macron suggests pause on US investment as EU leaders condemn Trump tariffs

Von der Leyen calls tariffs ‘a major blow to world economy’ while calling for last-ditch negotiationsEuropean leaders have condemned Donald Trump’s tariffs as “fundamentally wrong” and creating an “immense difficulty for Europe”, while appealing for last-ditch negotiations to avert an all-out trade war.The French president, Emmanuel Macron, said Trump’s decision to impose tariffs was “brutal and unfounded” and appeared to call for a suspension of French investment in the US until the tariffs were clarified. Continue reading...

Politics

28 h. ago Trump live updates: New tariffs cause global stock markets to plunge with U.S. allies expected to retaliate

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

Politics

29 h. ago Trump tariff reaction live: Dow Jones plunges at market open after overnight sell

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

Politics

30 h. ago Donald Trump imposes trade tariffs on islands where penguins live but no humans

Heard Island and McDonald Islands - a volcanic Australian territory near Antarctica where no humans live - has had a 10% tariff on goods imposed on it, despite being among the remotest places on Earth

Politics

30 h. ago Trump tariff reaction live: Wall Street braces for stock market open after overnight sell

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

Politics

32 h. ago Trump tariff reaction live: Wall Street braces for stock markets open after overnight sell

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

Politics

33 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

35 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