2 h. ago The last time this led to Great Depression, Irish money minister warns

An Irish Cabinet minister has compared US President Donald Trump’s tariff regime to the circumstances which precipitated the Great Depression.

Events

9 h. ago Trump declares Great Depression wouldn’t have happened with tariffs

Donald Trump has declared that the US could have avoided the Great Depression with tariffs.

Politics

21 h. ago Trump points to the Depression to justify tariffs, but they’re widely seen as intensifying downturn

President says 1929 Depression ‘would have never happened if they had stayed with the tariff policy,’ a statement most experts disasgree with

Politics

22 h. ago Republicans join Democrats in Senate vote to rescind Trump Canada tariffs

Resolution that would block tariffs passes 51-48 in Senate, in vote that shows Republican unease over president’s plansSeveral Republican senators joined Democrats to pass a resolution that would block Donald Trump’s tariffs on Canada, a rare rebuke of the president’s trade policy just hours after he announced plans for sweeping import taxes on some of the country’s largest trading partners.In a 51-48 vote, four Republicans – Susan Collins of Maine, Lisa Murkowski of Alaska and both Kentucky senators, the former majority leader Mitch McConnell and Rand Paul – defied Trump’s pressure campaign and supported the measure. Democrats used a procedural maneuver to force a vote on the resolution, which would terminate the national emergency on fentanyl Trump is using to justify tariffs on Canada. Continue reading...

Politics

25 h. ago Bizarre moment Trump declares Great Depression wouldn’t have happened with tariffs

Donald Trump has declared that the US could have avoided the Great Depression with tariffs.

Politics

51 h. ago Senate Republicans consider joining Democrats to oppose Trump over tariffs

Republican defections would amount to rare public rebuke as concerns mount over impact of president’s plansUS politics live – latest updatesOn the eve of Donald Trump’s so-called “liberation day” for tariffs, a handful of Senate Republicans are debating whether to defy the president and join Democrats to stop the US from imposing levies on Canadian imports.The resolution, offered by the Democratic senator Tim Kaine of Virginia, would terminate the emergency order that Trump is using to justify tariffs against Canada, citing the flow of fentanyl across the US’s northern border. The vote is largely symbolic – the House is not expected to take up the measure – but several defections would amount to a rare and notable rebuke of the president by his own party. Continue reading...

Politics

4 w. ago How Trump justifies his tariffs: From ‘fairness’ to budget balancing

The president has offered an array of reasons to justify the tariffs, despite warnings from experts it could lead to higher prices for U.S. businesses and consumers

Politics