7 h. ago Trump announces tariffs of up to 40% on 14 countries, with more letters to follow – US politics live

US president posts letters setting out tariffs of between 25% and 40% on number of countries including South Korea, Japan, Cambodia and ThailandThe president of the European Commission, Ursula von der Leyen, said she had a “good exchange” with Donald Trump on Sunday, a Commission spokesperson told reporters during a daily press briefing this morning.The spokesperson said:We want to reach a deal with the US (by 9 July). We want to avoid tariffs. We believe they cause pain. We want to achieve win-win outcomes, not lose-lose outcomes. Continue reading...

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11 h. ago Trump plans to delay tariff start to August 1 as he announces 25% levy for Japan and South Korea

Bizarre letters cite ‘unsustainable’ trade deficits with two of America’s most important allies and trading partners

Politics

11 h. ago Trump slaps 25% tariffs on Japan and South Korea in big gamble as deadline to price spike 'doomsday' approaches

President Donald Trump hammered Japan and South Korea for running up a trade imbalance with the U.S., declaring both countries will be slapped with a new 25 percent tariff starting August 1.

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12 h. ago Trump threatens 25% tax on Japanese and South Korean imports starting August 1

Bizarre letters cite ‘unsustainable’ trade deficits with two of America’s most important allies and trading partners

Politics

12 h. ago Trump says he will hit Japan and South Korea with 25% tariffs

US president posted the first of the letters he had promised setting new trade levies

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12 h. ago Donald Trump announces 25% tariffs on Japan and South Korea in letters released on social media – US politics live

US president’s letters appear to be the first his administration planned to release today outlining new tariffs on major trading partners The president of the European Commission, Ursula von der Leyen, said she had a “good exchange” with Donald Trump on Sunday, a Commission spokesperson told reporters during a daily press briefing this morning.The spokesperson said:We want to reach a deal with the US (by 9 July). We want to avoid tariffs. We believe they cause pain. We want to achieve win-win outcomes, not lose-lose outcomes. Continue reading...

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4 d. ago Donald Trump blamed for sluggish Scottish economy after tariffs slapped on exports

Experts warned economic recovery from repeated covid lockdowns was weaker in Scotland than the rest of the UK.

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8 d. ago Chinese factory activity improves slightly with delay on tariffs, but still lags

Monthly surveys of Chinese factory managers showed manufacturing improving somewhat in June after President Donald Trump delayed imposing higher tariffs, but overall activity was still contracting

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3 w. ago World leaders plot how to 'bulldoze' Trump at G7 Summit amid rising tensions over trade

President Trump meets with G7 allies near Calgary after slapping tariffs on countries around the world and vowing to make Canada the 51st U.S. state.

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