6 h. ago Trump says US will raise tariffs on China if deal is not reached in 90 days

US stocks jump in morning trading while oil and dollar rise as countries reverse punitive levies

Economics

6 h. ago Trump says tariffs on China imports won’t return to 145% and that he sees a deal – live

Trump warns US could raise tariffs after 90-day pause on trade war with China but expresses confidence a deal will be madeChina and US agree 90-day pause to trade warQatar has offered to donate a plane to the United States and details are still being worked out, White House spokeswoman Karoline Leavitt said on Monday.“The Qatari Government has graciously offered to donate a plane to the Department of Defense. The legal details of that are still being worked out,” Leavitt said in an interview with Fox News. Continue reading...

Economics

25 h. ago White House claims China trade deal reached while Beijing hails ‘important first steps’

US announcement comes after treasury secretary touted progress in two days of talks with Chinese vice-premier in GenevaThe White House has announced that a trade deal with China has been struck after two days of talks in Geneva, while Beijing has hailed “important first steps.”The announcement on Sunday came after the US treasury secretary, Scott Bessent, told reporters that there had been “substantial progress” in talks between his team and that of the Chinese vice-premier, He Lifeng, in Geneva on defusing the trade war between the world’s two largest economies sparked by Donald Trump’s 145% tariffs. Continue reading...

Economics

6 d. ago Barbie maker raises prices due to Trump tariffs as Ford warns of $1.5bn cost

Toy company Mattel says it will reduce imports into the US from China to below 15% by 2026Business live – latest updatesBarbie maker Mattel has said it will increase prices for some products in the US in response to Donald Trump’s tariffs while carmaker Ford said the US president’s measures would cost it about $1.5bn (£1.1bn) this year.The US represents about half of Mattel’s global toy sales, and the company imports about 20% of its goods sold in the country from China. Mattel said it would reduce imports into the US from China to below 15% by 2026. Continue reading...

Economics

6 d. ago Barbie maker Mattel to raise some US prices due to Trump tariffs

Carmaker Ford says tariffs will cost it about $1.5bn this year as toymaker says it will reduce imports from ChinaBusiness live – latest updatesBarbie maker Mattel has said it will increase prices for some products in the US as Donald Trump’s sweeping tariffs bump up costs for the toymaker.The US represents about half of Mattel’s global toy sales, and the company imports about 20% of its goods sold in the country from China. Mattel said it would reduce imports into the US from China to below 15% by 2026. Continue reading...

Politics

1 week ago Adidas cautions over higher prices and halts outlook upgrade due to tariff woes

The German sportswear giant said prices will rise in the face of cost increases from Donald Trump’s move to raise trade tariffs on goods into the US.

Economics

1 week ago ’Nowhere to turn’: Small businesses dependent on imports from China are feeling more desperate

The Trump administration raised tariffs on goods from China to 145% in early April

Politics

2 w. ago Trump’s planned pharmaceutical tariffs would raise costs by $51bn annually, report finds

Prices of medication and other costs could increase by as much as 12.9 percent if the tariffs are put in place

Economics

2 w. ago Trump’s tariffs raise chances of U.S. and global recession to ‘almost 100%’, economist warns: Live updates

The International Monetary Fund downgraded growth in nearly all countries amid ongoing uncertainty from the Trump administration’s trade policy

Events

3 w. ago IMF chief cuts growth forecast over ‘off the charts’ trade uncertainty

Kristalina Georgieva warns that Donald Trump’s tariff ‘reboot’ threatens to raise prices and play havoc with markets

Politics

3 w. ago Trump latest: China warns president to ‘stop whining’ over tariffs after US curbs Nvidia chip sales in trade war

It comes as Donald Trump claims the U.S is taking in ‘record’ tariffs after raising import duties

Events

3 w. ago Trump's erratic tariff decisions raise concerns about his mental stability

As Donald Trump's recent tariffs continue to rock the financial markets, concerns have been raised about the US President's 'irrational' behaviour with some even dubbing him 'insane'

Politics

4 w. ago LVMH sales fall sharply in warning sign for the luxury industry

Slowing demand in the US and ongoing struggles in China will raise concerns for an industry grappling with Trump’s tariffs

Events

4 w. ago UK retail bosses raise fears of Chinese product ‘dumping’ due to Donald Trump’s tariffs

Companies flag signs of goods being diverted from US to Europe via platforms such as Temu, Shein and Amazon

Politics

4 w. ago UK retail bosses raise fears of Chinese ‘dumping’ due to Trump tariffs

Companies flag signs of goods being diverted from US to Europe via platforms such as Temu, Shein and Amazon

Politics

4 w. ago Donald Trump issues dramatic new statement on tariffs after raising hopes on Friday

The President had appeared to spare electronic goods from China from his 125% import tax and 10% global tariff on Friday, but it seems that will not be the case after all

Politics

last month Trump’s tariff mess raises the danger of a US default | Lloyd Green

The US could breach the debt ceiling even sooner than predicted without action from Republicans“Trump backs down on tariffs, again. And it doesn’t look strategic,” a headline blared on Wednesday afternoon.At the end of trading, equities had recovered a portion of their losses. But plenty of damage had been done. Markets were thrown into turmoil, interest rates jumped and business activity took a hit. Beyond that, the possibility of a recession grew – and the possibility of a default by the US inched up to 6%, according to prediction markets. Continue reading...

Politics