3 h. ago Era of globalisation ‘at an end’, says UK minister, as countries mull tariff responses – live updates

Darren Jones says age of ‘fast-fashion or cheap TVs’ is over and people should be prepared for tougher times to come amid market turmoilStarmer orders economic reset amid Trump’s tariff mayhemDarren Jones, chief secretary to the Treasury, was also interviewed by Sky News’ Trevor Phillips this morning. He said the UK had been “treated differently to the European Union” as a result of Brexit. As a reminder, Trump has imposed a 10% tariff on UK goods but a 20% tariff on EU goods.Asked if the lower 10% tariff imposed by the US was a “Brexit dividend”, the chief secretary to the Treasury said:It is, there’s one. I’ve struggled to find one in the past but there is one we’ve ended up with.It’s good, but what we’re not going to do is pick or trade off the United States or the European Union.People should be prepared for things to be tougher in the global economy.Globalisation has “come to an end” in the wake of the new tariffs. Asked if the era of “cheap fast-fashion or cheap TVs” was over,...

Politics

17 h. ago Trump live updates: Millions protesting at ‘Hands Off’ rally nationwide to push back on Trump and Musk agenda

Demonstrators on Saturday are calling for the Trump administration to get its ‘hands off’ Medicaid, Medicare, immigrants, and LGBTQ+ rights

Politics

18 h. ago Trump administration apologizes for telling Ukrainian refugees to leave US

Some resettled Ukrainians reportedly were told Homeland Security would terminate their legal protectionsUS protests live – latest updatesDonald Trump’s presidential administration has acknowledged and apologized after it says it accidentally informed some Ukrainian refugees fleeing their country’s invasion by Russia that they needed to leave the US because their legal status was being revoked.Some 240,000 Ukrainians have been settled in the US as part of the Uniting for Ukraine – or U4U – program launched during Joe Biden’s presidency. But according to CBS News, some resettled Ukrainians received emails this week telling them that the US Department of Homeland Security would be terminating their legal protections. Continue reading...

Politics

20 h. ago Jaguar Land Rover pauses shipments to US as Trump says impact of tariffs ‘won’t be easy’ – live

Trump’s baseline 10% tariff on all imports from many countries has begun, with higher levies on 57 trading partners to start next weekAmerica’s Brexit? Trump’s historic gamble on tariffs has been decades in the makingIsraeli prime minister Benjamin Netanyahu is expected to visit the White House on Monday to discuss recently announced tariffs with US president Donald Trump, three Israeli officials said on Saturday, according to Reuters.The impromptu visit was first reported by Axios, which said that if the visit takes place, the Israeli leader would be the first foreign leader to meet Trump in person to try to negotiate a deal to remove tariffs. Continue reading...

Politics

22 h. ago Trump live updates: Thousands to protest at ‘Hands Off’ rally nationwide to push back on Trump and Musk agenda

Demonstrators on Saturday are calling for the Trump administration to get its ‘hands off’ Medicaid, Medicare, immigrants, and LGBTQ+ rights

Politics

22 h. ago Trump news today: Thousands to protest at ‘Hands Off’ rally nationwide to push back on Trump and Musk agenda

Trump’s trade war escalates as China strikes back with 34 percent tariffs on all U.S. goods, sending stock markets plummeting and wiping out $6 trillion in two days

Politics

25 h. ago Trump tariffs live: 10% tariff kicks in for UK as Italy says retaliating against US will ‘damage everyone’

Sir Keir Starmer will talk to foreign leaders this weekend to consider how to respond to US tariffs

Politics

26 h. ago Trump live updates: Historic stock plunge after tariff announcement leaves Americans rattled

Trump’s trade war escalates as China strikes back with 34 percent tariffs on all U.S. goods, sending stock markets plummeting and wiping out $6 trillion in two days

Politics

28 h. ago Trump tariffs live: 10% tariff kicks in for UK after US stocks and FTSE 100 see biggest drops since Covid

UK’s key FTSE-100 stock market suffered its worst one-day drop since the pandemic on Friday

Politics

34 h. ago Historic stock plunge leaves Americans rattled after Trump tariff announcement: Live updates

Trump’s trade war escalates as China strikes back with 34 percent tariffs on all U.S. goods, sending stock markets plummeting and wiping out $6 trillion in two days

Politics

34 h. ago Historic stock plunge after Trump tariff announcement leaves Americans rattled: Live updates

Trump’s trade war escalates as China strikes back with 34 percent tariffs on all U.S. goods, sending stock markets plummeting and wiping out $6 trillion in two days

Politics

39 h. ago Trump’s tariffs rollout sees stock market suffer worst week since 2020 as Dow drops 2,200 points by close: Live updates

Trump’s trade war escalates as China strikes back with 34 percent tariffs on all U.S. goods, sending stock markets plummeting and wiping out $5 trillion in two days

Politics

41 h. ago Trump tariffs rollout sees $5 trillion wiped from stock market in two days: Live updates

Trump’s trade war escalates as China strikes back with 34 percent tariffs on all U.S. goods, sending stocks sliding further after worst day since 2020

Economics

42 h. ago China hits back hard at ‘bullying’ Trump tariffs as global recession fears grow

Beijing imposes punitive 34% extra tariffs on all goods imported from US, exacerbating stock market sell-offBusiness live – latest updatesUS politics live – latest updatesChina has hit back hard against Donald Trump’s “bullying” tariffs, raising fears that the escalating trade war could trigger a global recession and prompting fresh turmoil in financial markets.Beijing retaliated on Friday with punitive 34% additional tariffs on all goods imported from the US – mirroring the US decision and exacerbating a sell-off on global stock markets. Continue reading...

Politics

44 h. ago Trump’s tariffs will likely mean ‘higher inflation and slower growth’, says Fed chair

While the US economy remains robust, Jerome Powell cautions there is high uncertainty over its directionUS politics live – latest updatesDonald Trump’s global tariffs assault is set to raise prices and slow down economic growth, Federal Reserve chair Jerome Powell has warned, defying the US president’s demands for an immediate interest rate cut.While the US economy remains robust, Powell cautioned that there is high uncertainty over its direction. “Downside risks have risen,” he told an event in Arlington, Virginia, on Friday. Continue reading...

Economics

44 h. ago Trump dismisses China tariff retaliation and implores Fed to cut interest rates as stock market dives: Live

Trump’s trade war escalates as China strikes back with 34 percent tariffs on all U.S. goods, sending stocks sliding further after worst day since 2020

Politics

45 h. ago ‘Oligarchy’: Trump exempts big oil donors from tariffs package

Trump’s new 10% universal tariffs will not apply to many fossil fuel products in sign of his fealty, advocates sayUS politics live – latest updatesThe sweeping package of tariffs unveiled by Donald Trump on Wednesday includes an exemption for the energy sector, which is a clear sign of the president’s fealty to his big oil donors over the American people, advocates say.Trump’s new 10% universal tariffs – which are higher for many major economies – are wreaking havoc on the global economy and are expected to increase consumer prices in the US. But the levies will not apply to many fossil fuel products, including liquefied natural gas imports, crude oil from Canada, and materials needed for making petrochemicals. Continue reading...

Politics

45 h. ago Downing Street says Trump’s tariffs signal ‘new era’ in global economics

No 10 says US president’s decision is ‘disappointing’, as experts warn UK may have to raise taxes in autumnUK politics live – latest updatesDonald Trump’s tariffs signal a new global economic era, Downing Street has said, as economists warn the British government is likely to have to raise taxes in response.No 10 said on Friday the prime minister believed that this week’s trade announcement by the US president, which has started a global trade war and sent stock markets tumbling, marked a turning point in history. Continue reading...

Economics

45 h. ago Trump claims ‘great time to get rich’ as tariffs turmoil sees Wall Street market sell

Trump’s trade war escalates as China strikes back with 34 percent tariffs on all U.S. goods, sending stocks sliding further after worst day since 2020

Politics

46 h. ago RFK Jr says 20% of Doge’s health agency job cuts were mistakes

Health secretary says roles will need to be reinstated amid Trump administration’s push to slash federal workforceUS politics live – latest updatesAround a fifth of the 10,000 jobs cut from the US Department of Health and Human Services (HHS) were done in error and will need to be corrected, the US health secretary, Robert F Kennedy Jr, has admitted.Mass layoffs from the health department began this week amid a push by Donald Trump’s administration to shrink the size of the federal government workforce. Union representatives were told around 10,000 people were to lose their jobs ahead of further reductions that could see the department’s 82,000-strong workforce slashed by nearly a quarter. Continue reading...

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