1 hour ago Trump’s ‘Liberation Day’ could mean recession in the US and pain worldwide | Steven Greenhouse

The US president’s tariffs are vengeful and impetuous – and will have immense costs with no clear goalWith the huge and painful tariffs that Donald Trump announced on Thursday, “Tariff Man” is acting like a paranoid 12-year-old bully who is convinced that everyone has wronged him, and he wants revenge. But the president’s instrument of revenge – massive tariffs – is going to do serious damage to the US and global economies. Stock market investors are convinced that’s the case, with Wall Street and world stock markets losing trillions of dollars in value in recent days as a result of Trump’s obsession.The president has escalated his risky, vengeful trade war even though the US economy was in strong shape when he took office – the jobless rate was just 4.1%, inflation was below 3% and US economic growth was the strongest in the industrial world, with its stock market at record levels. So it’s unclear whether the US economy needed the shock treatment that Trump is inflicting. The price...

Politics

1 hour 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

9 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

9 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

17 h. ago JD Vance applauded Trump’s tariff announcement from the Rose Garden

Vance has a history of backpedaling past criticisms of ‘fraud’ Trump and his ideas

Politics

19 h. ago JPMorgan now predicts a 60 percent chance of a recession this year as Trump’s tariffs rock stock market

The Dow Jones fell 1,000 points at opening on Friday as investors reels from Trump’s tariff announcement

Economics

20 h. ago This is the barren, uninhabited island Trump has imposed 10% tariffs on

This is the barren, uninhabited island near Antarctica on which Donald Trump slapped a 10% import tariff when he announced his wide-reaching levies on Wednesday, 2 April.

Politics

27 h. ago 'I think it's going very well', says Trump as tariff announcement sparks biggest shares collapse since Covid with trillions of dollars wiped from US stock market

The US President claimed the markets and the country are going to 'boom' despite American stocks leading a worldwide selloff yesterday.

Politics

28 h. ago FTSE 100 hits lowest level since January as IMF warns Trump tariffs ‘a significant risk’ to global economy – business live

Kristolina Georgieva warns against retaliation to US levies while US president insists ‘markets will boom’ after sweeping tariff announcementGlobal markets in turmoil as Trump tariffs wipe $2.5tn off Wall StreetAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsNew Civil Liberties Alliance, a conservative legal group, has filed what it says is the first lawsuit seeking to block Donald Trump’s tariffs on Chinese imports, saying the US president overstepped his authority. Reuters reports:The lawsuit, filed in federal court in Florida, alleges that Trump lacked the legal authority to impose the sweeping tariffs unveiled on Wednesday as well as duties authorized on February 1 under the International Emergency Economic Powers Act.“By invoking emergency power to impose an across-the-board tariff on imports from China that the statute does not authorize, President Trump has misused that power, usurped Congress’s right to control tariffs, and upset the Constitution’s ...

Events

32 h. ago ‘We’re feeling good’: Vance insists market implosion could have been worse after shock Trump tariff announcement

‘We’re going to have a booming stock market for a long time because we’re reinvesting in the United States of America,’ vice president claims after market loses $3.1 trillion

Politics

33 h. ago Asian markets drop further as IMF warns Trump tariffs ‘a significant risk’ to global economy – business live

Kristolina Georgieva warns against retaliation to US levies while US president insists ‘markets will boom’ after sweeping tariff announcementFull report: Global markets in turmoil as Trump tariffs wipe $2.5tn off Wall StreetAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsSenior senators introduced new bipartisan legislation on Thursday seeking to claw back some of Congress’s power over tariffs after Donald Trump unveiled sweeping new import taxes and rattled the global economy with sweeping new import taxes.The Trade Review Act of 2025, co-sponsored by Senator Chuck Grassley, a top Republican lawmaker from Iowa, a state heavily reliant on farm exports, and Senator Maria Cantwell, a Democrat from Washington, whose state shares a border with Canada, would require the president to notify Congress of new tariffs, and provide a justification for the action and an analysis on the potential impact on US businesses and consumers. Continue reading...

Events

37 h. ago Sweeping Trump tariffs shock global economy, drawing threats and calls for talks

Tariff hikes announced by U.S. President Donald Trump have provoked dismay, threats of countermeasures and calls for further negotiations to make trade rules fairer

Events

40 h. ago Trump gives stunning response to Wall Street bloodbath caused by his tariffs

Stock markets plunged Thursday after President Donald Trump's historic tariff announcement, sparking fears of a US  and global recession. 

Politics

45 h. ago Wall Street is rocked as major stocks immediately plummet at open... with TRILLIONS wiped off economy and 401(K)s

Stock markets plunged Thursday after President Donald Trump's historic tariff announcement, sparking fears of a US  and global recession. 

Politics

47 h. ago Stock markets ready to react to Trump’s tariff announcement after fears stoke overnight drop

The U.S. stock markets are expected to dip one day after Trump promised to ‘make America wealthy again’ with new across-the-board tariffs

Politics

50 h. ago Donald Trump tariffs trigger stock market meltdown as more than £24billion wiped off FTSE 100

Financial markets have been spooked by US President Donald Trump's announcement of a blanket 10% tariff on all imports to the States, and higher levies for many countries, and fears of a trade war and the risk of recession

Economics

51 h. ago Trump tariff announcements ‘deeply regrettable’, NI Economy Minister says

Caoimhe Archibald said she had already engaged with representatives of the UK and Irish governments on the issue.

Politics

51 h. ago China’s furious reaction to Trump’s tariff announcement – but not for the reason you think

In the wake of US President Donald Trump's "Liberation Day" announcement on tariffs placed on every nation in the world, China has reacted to fury on taxes placed on another nation

Politics

52 h. ago Six Donald Trump bombshells after tariff announcement and what it means for us

Donal Trump placed the highest tariff rates on the US' worst trading partners who he claimed "pillaged" the country.

Politics

52 h. ago Tense Sky News grilling as UK minister admits Donald Trump 'won't get own way' on everything

Business Secretary Jonathan Reynolds said Donald Trump's bombshell announcement of a 10% US tariff on all British imports are a 'disappointment' and 'a challenge'

Politics