30 m. ago FTSE latest: UK stock markets plunge in biggest daily fall since Covid after Trump tariffs

The stock markets in the UK, France, Germany, Japan, South Korea and Australia were all falling for a second day

Politics

62 m. 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

75 m. ago Trump tariffs live: FTSE sees biggest daily drop since Covid after China hits US with huge 34% tariff

Beijing hits back after president’s ‘Liberation Day’ wipes $2.4trn from S&P 500, in biggest one-day loss since March 2020

Politics

90 m. ago Trump’s tariffs will likely mean ‘higher inflation and slower growth’, says Fed chair

While the US economy remains robust, Jerome Powell cautions there is high uncertainty over its directionUS politics live – latest updatesDonald Trump’s global tariffs assault is set to raise prices and slow down economic growth, Federal Reserve chair Jerome Powell has warned, defying the US president’s demands for an immediate interest rate cut.While the US economy remains robust, Powell cautioned that there is high uncertainty over its direction. “Downside risks have risen,” he told an event in Arlington, Virginia, on Friday. Continue reading...

Economics

98 m. ago FTSE 100 suffers worst day in FIVE YEARS as global markets go into meltdown over Donald Trump's trade war

Wall Street opened sharply lower as fears of a global recession mounted in the wake of the US President's extraordinary assault on allies and foes alike.

Politics

1 hour ago Trump dismisses China tariff retaliation and implores Fed to cut interest rates as stock market dives: Live

Trump’s trade war escalates as China strikes back with 34 percent tariffs on all U.S. goods, sending stocks sliding further after worst day since 2020

Politics

2 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

2 h. ago Apple iPhone prices could soar to £2,700 due to Trump's tariffs, says analyst

Apple faces a tough choice: absorb the costs and risk growth or pass them on to consumers with eye-watering price hikes

Economics

2 h. ago Sadiq Khan assures Londoners that Trump tariffs won't hit economy hard as stock markets plunge

The Mayor of London ‘fully’ supports the Prime Minister's efforts to secure a trade deal rather than slapping retaliatory measures on the United States

Economics

2 h. ago John Rentoul answers your Trump tariffs questions from the ‘Brexit dividend’ to chlorinated chicken

In a live Q&A, The Independent’s chief political commentator John Rentoul fielded readers’ questions on Trump’s trade war, its global consequences and the UK’s options for navigating this latest storm

Politics

2 h. ago World’s richest billionaires lost $200bn in single day after Trump’s tariffs rocked markets

Carlos Slim was one of few to see his net worth rise - but Elon Musk, Mark Zuckerberg and others saw billions wiped off their wealth

Economics

2 h. ago ‘Oligarchy’: Trump exempts big oil donors from tariffs package

Trump’s new 10% universal tariffs will not apply to many fossil fuel products in sign of his fealty, advocates sayUS politics live – latest updatesThe sweeping package of tariffs unveiled by Donald Trump on Wednesday includes an exemption for the energy sector, which is a clear sign of the president’s fealty to his big oil donors over the American people, advocates say.Trump’s new 10% universal tariffs – which are higher for many major economies – are wreaking havoc on the global economy and are expected to increase consumer prices in the US. But the levies will not apply to many fossil fuel products, including liquefied natural gas imports, crude oil from Canada, and materials needed for making petrochemicals. Continue reading...

Politics

3 h. ago Downing Street says Trump’s tariffs signal ‘new era’ in global economics

No 10 says US president’s decision is ‘disappointing’, as experts warn UK may have to raise taxes in autumnUK politics live – latest updatesDonald Trump’s tariffs signal a new global economic era, Downing Street has said, as economists warn the British government is likely to have to raise taxes in response.No 10 said on Friday the prime minister believed that this week’s trade announcement by the US president, which has started a global trade war and sent stock markets tumbling, marked a turning point in history. Continue reading...

Economics

3 h. ago Trump claims ‘great time to get rich’ as tariffs turmoil sees Wall Street market sell

Trump’s trade war escalates as China strikes back with 34 percent tariffs on all U.S. goods, sending stocks sliding further after worst day since 2020

Politics

3 h. ago Stock markets continue to fall as fears over Trump’s trade war dragging down the economy fuel sell

Friday’s stock market comes after a historically bad day as investors react to Trump’s tariff plan

Politics

3 h. ago Trump tears into China for retaliating against him and vows that tariffs 'will never change' despite markets tanking

President Donald Trump remained bullish about the effects of his his newly enacted tariffs on Friday, despite retaliatory actions announced by China.

Economics

3 h. ago US markets tumble further as global meltdown continues over Donald Trump's trade war

Wall Street opened sharply lower as fears of a global recession mounted in the wake of the US President's extraordinary assault on allies and foes alike.

Politics

3 h. ago ‘My policies will never change’: Trump doubles down on trade war after China announces retaliatory tariffs – live

US president says on Truth Social that ‘this is a great time to get rich’ despite China issuing a 34% tariff on all US goods The Trump administration is taking aim at Brown University with threats to freeze $510m in grants, widening its promise to withhold federal funding from schools it accuses of allowing antisemitism on campus, according to multiple media outlets including Reuters and the New York Times.University officials said they had not yet been formally notified, but the school was among dozens warned last month that enforcement actions could be coming as the administration seeks to crack down on academic institutions . Continue reading...

Events

3 h. ago ‘Scary times’: New York shopkeepers plan ‘astronomical’ price hikes under Trump tariffs

Small businesses that import goods brace for steep price increases that they have to pass on to their customersIt’s just two days since Donald Trump launched his extraordinary tariff assault on the world in a bid to rebuild the US economy and roll back an era of globalization. But already shopkeepers are bracing for recession, and their customers spending less, as they prepare to increase prices.“We’re going to have to put our prices up and people aren’t going to like it,” said Ian Anderson, store manager at Tea and Sympathy, a UK grocery store, restaurant and fish-and-chip shop stalwart in Manhattan’s West Village. Continue reading...

Economics

4 h. ago Donald Trump says tariffs going 'better than expected' as trillions wiped off global economy

The US President's latest claims follow an earlier post on Truth Social in which he said the "operation is over" and, referring to the US economy as a "patient", said it would come back more "resilient"

Politics