11 h. ago Trump softens car tariffs as he visits industrial heartland in Michigan

Executive order comes after industry voiced concerns that US trade war would raise costs

Politics

11 h. ago Trump adjusts some auto tariffs after claiming he ‘wanted to help’ US automakers – live

President had said order relaxing some of his 25% tariffs on cars and car parts will be ‘short-term’ help100 days of Trump: interactive look at second term so farTrump has posted on Truth Social about the first 100 days of his second term, calling them “100 very special days”.100 VERY SPECIAL DAYS. MAKE AMERICA GREAT AGAIN!!!Danielle Alvarez of the RNC, and Paul Perez of Border Patrol, were GREAT on Fox & Friends (First). Thank you both! DJT Continue reading...

Politics

13 h. ago Trump says of climbdown on auto tariffs ‘we didn’t want to penalize’ American car markers – US politics live

President, who is due to sign today an order relaxing some of his 25% tariffs on cars and car parts, says measure will be ‘short-term’ help100 days of Trump: interactive look at second term so farTrump has posted on Truth Social about the first 100 days of his second term, calling them “100 very special days”.100 VERY SPECIAL DAYS. MAKE AMERICA GREAT AGAIN!!!Danielle Alvarez of the RNC, and Paul Perez of Border Patrol, were GREAT on Fox & Friends (First). Thank you both! DJT Continue reading...

Politics

18 h. ago Trump to sign executive order on car tariffs as he marks 100 days in office – US politics live

US president expected to hail his policies as administration moves to less impact of auto tariffs100 days of Trump: interactive look at second term so farTrump has posted on Truth Social about the first 100 days of his second term, calling them “100 very special days”.100 VERY SPECIAL DAYS. MAKE AMERICA GREAT AGAIN!!!Danielle Alvarez of the RNC, and Paul Perez of Border Patrol, were GREAT on Fox & Friends (First). Thank you both! DJT Continue reading...

Politics

26 h. ago HSBC sounds alarm on trade war; Trump to soften blow of automotive tariffs – business live

Rolling coverage of the latest economic and financial newsThe architect of BP’s failed green energy agenda will leave the embattled oil company within months as it continues its retreat from low-carbon investments following this morning’s sharp fall in profits (see last post).The oil company said Giulia Chierchia, the executive in charge of BP’s sustainability ventures, would step back from her role from 1 June 2025 to “pursue other opportunities” outside the company. She will not be replaced. Continue reading...

Events

4 d. ago Rachel Reeves says EU trade 'reset' is MORE important than deal with US to dodge Trump's tariffs

Chancellor Rachel Reeves suggested the government could prioritise ties with Brussels ahead of sitting down with Treasury Secretary Scott Bessent.

Economics

5 d. ago Rachel Reeves will meet US counterpart TODAY as figures show a QUARTER of UK car exports go to America

Chancellor Rachel Reeves will sit down with Treasury Secretary Scott Bessent in Washington, where they have been both attending an IMF summit.

Politics

5 d. ago Massive blow to Trump as Japanese car giant moves manufacturing OUT of US in tariff twist

Subaru is reshuffling its supply chain in response to President Donald Trump's tariff upheavals.

Politics

5 d. ago IMF warns that trade tensions could test stability of world economy; Reeves ‘confident’ about US trade deal – business live

Rolling coverage of the latest economic and financial newsDonald Trump’s tariffs will make it harder for Sir Jim Ratcliffe’s car division, Ineos Automotive, to reach its first profit.Ineos Automotive’s CEO, Lynn Calder, told Bloomberg that the US president’s 25% tariff on foreign cars will make it harder to hit the earnings target.“For sure, this last week has put a dent in that and, for sure, delayed it,”“We’re stubborn as mules. We’re not easy to knock down.”“With fieldwork completed just days after Donald Trump’s “Liberation Day” tariffs, it is unsurprising that consumer expectations for the economy plummeted to a record low. The original tariff schedule, since reduced for most countries, was expected to reduce growth in the UK and elsewhere. Yet despite this economic pessimism, expectations of retail spending rose slightly as the prospect of Easter shopping drew closer.The state of the economy dropped significantly to -48 in April, down from -35 in March.Their personal financial...

Events

5 d. ago Inchcape warns that car supply could be impacted by US tariffs

The London-listed company saw shares slip in early trading on Thursday.

Events

6 d. ago US trade war fears drive UK consumer confidence down to record low; Tesla’s European sales fall again – business live

Rolling coverage of the latest economic and financial newsDonald Trump’s tariffs will make it harder for Sir Jim Ratcliffe’s car division, Ineos Automotive, to reach its first profit.Ineos Automotive’s CEO, Lynn Calder, told Bloomberg that the US president’s 25% tariff on foreign cars will make it harder to hit the earnings target.“For sure, this last week has put a dent in that and, for sure, delayed it,”“We’re stubborn as mules. We’re not easy to knock down.”“With fieldwork completed just days after Donald Trump’s “Liberation Day” tariffs, it is unsurprising that consumer expectations for the economy plummeted to a record low. The original tariff schedule, since reduced for most countries, was expected to reduce growth in the UK and elsewhere. Yet despite this economic pessimism, expectations of retail spending rose slightly as the prospect of Easter shopping drew closer.The state of the economy dropped significantly to -48 in April, down from -35 in March.Their personal financial...

Economics

6 d. ago Reeves signals UK could lower tariffs on US car imports in bid to secure Trump trade deal

The chancellor is in Washington DC as pressure mounts over dire IMF predictions about the UK economy if Trump goes ahead with his tariffs

Economics

6 d. ago Reeves opens door to cutting US car import tariffs in UK trade talks

Chancellor says a deal ‘can be done’ with Washington but insists Britain will not lower food or auto standards

Politics

6 d. ago Stock markets rise as Trump backtracks on high China tariffs and firing Fed chair

Weeks of tough talk from the US president, who now says he will be ‘very nice’ to China, had rattled investors Stock markets have risen around the world after Donald Trump said his tariffs on China would come down “substantially” and he had “no intention” of firing the chair of the US central bank, Jay Powell.Weeks of tough talk on trade from White House officials have rattled investors and Trump now appears to be softening his tone. The president told reporters in Washington on Tuesday he planned to be “very nice” to China in trade talks and that tariffs could drop in both countries if they could reach a deal, adding: “It will come down substantially, but it won’t be zero.” Continue reading...

Politics

2 w. ago Donald Trump's tariffs puncture US car industry downgraded by Barclays to 'negative'

Goldman Sachs has cut its estimate for automobile sales in the US for this year by nearly 1 million units

Politics

2 w. ago Brits warned of looming pain as UK now among WORST hit by Trump's tariffs after he shelved punitive levies and handed China exemptions for iPhones

Downing Street signalled relief when the US president's 'Liberation Day' assault was originally mounted.

Events

2 w. ago Britain is now among the WORST hit by Trump's tariffs after president shelved punitive levies and handed China exemptions to dodge iPhone price hikes

Downing Street signalled relief when the US president's 'Liberation Day' assault was originally mounted.

Politics

2 w. ago Sleepy UK town is a secret hotbed for UFO sightings as local 'frightened to death'

Todmorden in the Pennines isn't the sort of place you'd expect to find UFOs choosing to visit but they seem to have chosen the old industrial town as their hotspot as there have been many sightings over the years

Events

2 w. ago ‘Completely out of touch’: golf and dinners for ‘king’ Trump as economy melts down

Casual attitude as markets fall suggests man detached from anxieties of ordinary voters – and surrounded by yes menAfter lighting a fuse under global financial markets, Donald Trump stepped back – all the way to a Florida golf course. A week later, having just caved to pressure to ease his trade tariffs, the US president defended the retreat while hosting racing car champions at the White House.Trump had spent the time in between golfing, dining with donors and making insouciant declarations such as “this is a great time to get rich”, even as the US economy melted down. Continue reading...

Politics

2 w. ago Dealmaking genius or boy who cried wolf? Trump’s trade retreat sows doubts

Nothing is certain under this president – as seen in the inconsistent implementation of tariffs. And it has a longer-term economic costMinutes after Donald Trump unveiled a climbdown on tariffs, softening an extraordinary US attack on trade from much of the world, his press secretary scolded reporters at the White House.“Many of you in the media clearly missed The Art of the Deal,” said Karoline Leavitt, referring to the 1987 bestseller which laid the foundations of the president’s reputation as a consummate dealmaker. Continue reading...

Politics