4 h. ago FTSE and global markets bounce back after Trump’s tech tariff reprieve

Investors welcomed a carve-out benefiting companies such as Apple – but White House officials have downplayed the exemptions

Politics

4 h. ago FTSE 100 surges and global markets rise after Trump’s tech tariff reprieve

Investors welcomed a carve-out benefiting companies such as Apple, despite White House officials downplaying the significance of the exemptions.

Politics

5 h. ago ‘The sky won’t fall’: China plays down Trump tariff risks as stock markets rally

Chinese customs official says trade has diversified away from US in recent years and plays up its ‘vast domestic market’Business live – latest updatesChina has played down the risk of damage to its exports from Donald Trump’s tariffs, with an official saying the “the sky won’t fall”, as stock markets rose on Monday amid signs of a retreat on electronics restrictions.The world’s second-largest economy has diversified its trade away from the US in recent years, according to Lyu Daliang, a customs administration spokesperson, in comments reported by state-owned agency Xinhua. Continue reading...

Politics

5 h. ago Stock markets rise on signs of Trump tariff retreat; British Steel races to keep furnaces burning – business live

Chinese exports jump as official says ‘the sky won’t fall,’ despite warning from US officials that smartphone and laptop exemption from import tariffs on China will be short-livedMatt Britzman, senior equity analyst at Hargreaves Lansdown, said:Just when it seemed the tariff chaos couldn’t get any worse, tech investors have spent the weekend scrambling to make sense of a whirlwind of confusing - and at times contradictory - messages coming out of the White House. Despite the drama, European markets have taken an easing stance on US tech components as a positive in a broad-based rally this morning, with the FTSE 100 up 1.5% in early trading.This time, it’s chips, smartphones, and other tech components taking centre stage. While there were early signs on Friday night that some broad exemptions might be in play, it turns out tariffs are still very much on the table. But here’s the twist: despite the messy rollout, what’s caught investors’ attention is the news that these products won’t...

Economics

6 h. ago Donald Trump insists there will be NO tariff exemptions in dramatic policy reversal

President Donald Trump took to Truth Social to clarify that China - which is embroiled in an escalating trade war with the US - will not be exempt from tariffs on electronics and semiconductors

Events

11 h. ago Donald Trump insists on NO exemptions in tariff policy for electronics

The US President declared that there would be no exemptions from the tariffs on Sunday evening, after an initial notice on Friday raised hopes that electronic gadgets from China would be spared

Politics

12 h. ago DOMINIC LAWSON: The REAL reason President Trump can't hope to match China's leader in the tariff wars and why he's far from being a master strategist

Who said of China's president Xi Jinping, 'He's a brilliant guy. He controls 1.4 billion people with an iron fist'? That was Donald Trump during the 2024 US election.

Politics

12 h. ago Donald Trump insists there will be NO tariff exemptions in dramatic u

Just days after economic experts saw a glimmer of hope among Donald Trump's raft of tariffs with a potential exemption on electronic goods, the US President has now clarified this is not the case

Politics

12 h. ago Trump warns exemptions on smartphones, electronics will be short

The US president has said no one is ‘getting off the hook’, as he promises to launch a national security investigation into the semiconductor sectorThe exemption of smartphones, laptops and other electronic products from import tariffs on China will be short-lived, top US officials have said, with Donald Trump warning that no one was “getting off the hook.”“There was no Tariff ‘exception’, Trump said in a social media post on Sunday. “These products are subject to the existing 20% Fentanyl Tariffs, and they are just moving to a different Tariff ‘bucket.’” Continue reading...

Events

14 h. ago Smartphones WILL be hit by tariffs within months, Trump aide says as hopes of tariff climbdown are dashed

The US President made an extraordinary U-turn over the weekend by declaring that smartphones, computers and other electronic devices will be exempted from tariffs.

Politics

15 h. ago Trump says there will be NO tariff exemptions in dramatic reversal that'll hit Americans hard

President Donald Trump blasted China in a social media post on Sunday where he said there were no tariff exemptions after electronics were not included in a notice on Friday.

Events

16 h. ago Companies are already adding a ‘Trump surcharge’ to bills to deal with tariff price increases

Trump’s economic approval rating has fallen since he announced blanket tariffs on most countries earlier this month

Economics

16 h. ago Tariffs live: UK suspends some tariffs to ease business tension as trade deal ‘days away’

Breakthrough between UK and the US over tariffs could be reached in the coming days

Economics

18 h. ago Majority believes the wealthy and large corporations will benefit the most from Trump’s tariff plan

Americans’ view of tariff outcomes mirror opinion of 2017 Republican tax cuts set to be extended by Congress this year

Politics

19 h. ago US stock markets expected to recover after Trump drops tariffs on mobiles

Exemption, seen as a climbdown, includes laptops and chips, and is likely to help firms such as Apple and NvidiaUS stock markets were expected to stage a recovery on Monday after Donald Trump excluded imports of smartphones and laptops from his tariff regime late on Friday night.Shares in Apple and chip maker Nvidia were on course to soar after tariffs on their products imported into the US were lifted for 90 days. Continue reading...

Politics

19 h. ago Billionaire hedge fund leader warns US facing something ‘worse than a recession’

US ‘very close’ to a recession after weeks of Trump tariff instability, warns Ray Dalio

Events

21 h. ago How YOU can invest like the legendary Warren Buffett: Of the world's 10 richest billionaires he's the only one who grew his fortune last week... here's how

As investors worldwide nursed huge losses in the wake of US President Trump's tariff wars last week, one escaped relatively unscathed.

Economics

22 h. ago Global supply chains under pressure as Trump tariff uncertainties continue

Companies face rising freight costs, disrupted logistics and congested ports as trade networks reel from Trump’s policiesThe container ship was halfway across the Atlantic when Donald Trump levied tariffs on steel and aluminium imports to the US from most countries during his first term in office.At the stroke of a pen on a US presidential executive order, about £100,000 was added to the cost of one of the shipments on board, from UK advanced materials manufacturer Goodfellow, destined for a US customer. Continue reading...

Politics

22 h. ago Terrible timing and huge uncertainty: how ports and shipping are handling tariff turmoil

As they reel from Trump’s policies, companies say volatile freight costs and congestion are now the norm The container ship was halfway across the Atlantic when Donald Trump levied tariffs on steel and aluminium imports to the US from most countries during his first term in office.At the stroke of a pen on a US presidential executive order about £100,000 was added to the cost of one of the shipments on board, from the UK advanced materials manufacturer Goodfellow, destined for a US customer. Continue reading...

Events

27 h. ago Price hike on Shein? How Trump tariffs could shift the US’s love of fast fashion

Trump ended the ‘de-minimis’ rule while launching a trade war with China – which will make retail giants such as Temu more expensive, experts sayAfter a chaotic week of flip-flopping tariff policies, cheap clothes from China are nearly certain to face a steep price hike soon – prompting concern among fast fashion retailers and potentially pushing consumers to look for other alternatives.As part of a package of global tariff policies announced on “liberation day” last week, Donald Trump signed an executive order that ended a duty-free exemption for low-priced goods to enter the US from China and Hong Kong. Known as the “de-minimis” rule, packages under $800 do not qualify for any taxes or tariffs on the goods and are inspected minimally at the border. Continue reading...

Politics