2 w. ago Trump tariffs live: President warns no country ‘off the hook’ with smartphone exemptions ‘to be short

The president said he would detail the new tariffs on chips soon, as his commerce secretary made clear that tariff exemptions for electronic goods are likely to be short-lived

Events

2 w. ago Trump tariffs live: President warns no country ‘off the hook’ and hints exemption on China

The president said he would detail the new tariffs on chips soon, not long after the White House excluded smartphones and other electronics from the ultra-high tariffs on goods from China

Events

2 w. ago China hits out at 'threats and coercion' over Donald Trump's 104% tariffs

China's government has shared a white paper on the country's popular Weibo platform, spelling out the context of the trade war after President Donald Trump hit the country with record-high tariffs

Events

2 w. ago ‘Go Trump’: Florida shoppers back tariffs – but others are worried

Some Gainesville voters remain loyal to the president, while others cut back on buying and business owners hike pricesIn Gainesville, Florida, a small city in the north-central part of the state, small businesses and shoppers are bracing for the impacts of Trump’s sweeping tariffs.The Trump administration announced a baseline of 10% tariffs on nearly every country in the world last week, with much higher rates on countries such as China, Taiwan and Vietnam, and 20% tariffs on European Union countries. Continue reading...

Politics

3 w. ago Trump threatens China with extra 50% tariffs if country fails to withdraw 34% retaliatory levies – US politics live

US president escalates trade war with China, saying all negotiations will be terminated and additional levies will take effect on WednesdayGlobal stock markets tumble over tariff ‘medicine’Wall Street falls continue – business liveWhich Trump billionaires have lost the most?EU ministers are in Luxembourg to consider the European Union’s response to Trump’s sweeping tariff regime amid continuing market turmoil and heightened fears of a global economic recession.It comes after Trump doubled down on his tariff policy in comments aboard Air Force One overnight. He said Europe “has treated us very, very badly,” and “has taken our leaders for a ride”, and declined to hold talks on changing tariffs “unless they pay us a lot of money on a yearly basis”. He also repeated criticism of Europe for not spending a fair share on Nato. Continue reading...

Politics

3 w. ago ‘Fundamentally wrong, brutal and paranoid’: how will the world respond to Donald Trump’s tariffs?

The US president’s sweeping, unprecedented tariffs on countries around the world are threatening to reshape the global economy – so, what exactly happens next?On Thursday evening, towards the end of a long week at a textiles factory on the outskirts of Ho Chi Minh City, Nguyen Thi Dieu and her husband were watching the news. More than 8,700 miles away, US president Donald Trump was announcing sweeping, unprecedented tariffs on every country around the world. Nowhere was safe, even the uninhabited Heard Island and McDonald Islands off the western coast of Australia that, for some unexplained reason, were hit with a 10% tariff.His announcement launched a fierce global trade war and triggered a global market meltdown, including on Trump’s own cherished Wall Street, where hundreds of billions of dollars of stock values evaporated. Continue reading...

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3 w. ago Trump tariffs list in full: Every country hit and the surprising exemptions

Some of the world’s weakest economies in Asia are among those hardest-hit in opening salvo of global trade war

Politics

3 w. ago US stock markets see worst day since Covid pandemic after investors shaken by Trump tariffs

All three major US index funds close down as Apple and Nvidia, two of US’s largest companies, lose combined $470bnUS stock markets tumbled on Thursday as investors parsed the sweeping change in global trading following Donald Trump’s announcement of a barrage of tariffs on the country’s trading partners.All three major US stock markets closed down in their worst day since June 2020, during the Covid pandemic. The tech-heavy Nasdaq fell 6%, while the S&P 500 and the Dow dropped 4.8% and 3.9%, respectively. Apple and Nvidia, two of the US’s largest companies by market value, had lost a combined $470bn in value by midday. Continue reading...

Economics

3 w. ago The Guardian view on Trump’s tariffs: a monstrous and momentous act of folly | Editorial

The US president has expelled his own country from the rules-based global trade system that America itself createdFor the world’s already embattled trading system, it is as though an asteroid has crashed into the planet, devastating everyone and everything that previously existed there. But there is this important difference. If an asteroid struck the Earth, the impact would at least have been caused by ungovernable cosmic forces. The assault on world trade, by contrast, is a completely deliberate act of choice, taken by one man and one nation.Donald Trump’s decision to impose tariffs on every country in the world is a monstrous and momentous act of folly. Unilateral and unjustified, it was expressed on Wednesday in indefensible language in which Mr Trump described US allies as “cheaters” and “scavengers” who “looted”, “raped” and “pillaged” the US. Many of the calculations on which Mr Trump doled out his punishments are perverse, not least the exclusion of Russia from the cond...

Politics

3 w. ago Tiny landlocked country will be destroyed by Trump’s highest tariff, analyst warns

The kingdom is one of the world's poorest nations with a gross domestic product of just over $2 billion

Events

3 w. ago US stock markets tumble as investors shaken by Trump tariffs

Dollar hits six-month low after president announces sweeping tariffs on US’s largest trade partnersTrump condemned as global markets tumble – live updatesUS stock markets tumbled on Thursday as investors parsed the sweeping change in global trading following Donald Trump’s announcement of a barrage of tariffs on the country’s trading partners.All three major US index funds were down as trading started on Thursday morning. The tech-heavy Nasdaq fund was down 4.5%, while S&P 500 and the Dow dropped 3.4% and 2.7% at opening, respectively. Continue reading...

Economics

3 w. ago Ireland faces Trump tariffs hammer blow as Conor McGregor leads calls for his country to LEAVE the EU

Simon Harris said it is the Irish Government's 'working assumption' that the White House will launch a further attack aimed specifically at the pharmaceuticals industry.

Politics

3 w. ago Trump tariffs in full: Every country hit on ‘Liberation Day’ – and the surprising exemptions

Some of the world’s weakest economies in Asia are among those hardest-hit in opening salvo of global trade war

Politics

3 w. ago Donald Trump declares trade war as expert reveals 'only' way UK

Keir Starmer warned an "economic impact" will be felt across the country following Donald Trump's tariff war, as an expert believes the UK remains "adrift" and "searching for relevance"

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3 w. ago Trump ‘acted for his country’ with tariff plans, Starmer says

Prime minister vowed to keep ‘a cool head’ in a sign he won’t retaliate against US president’s tariffs

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3 w. ago Tariffs live: Trump announces which countries will be hit as UK and Europe brace for ‘Liberation Day’ trade war

US allies among those expecting new trade duties as American stock markets rebound

Events

3 w. ago Tariffs live: Trump set to announce which countries will be hit as UK and Europe brace for ‘Liberation Day’ trade war

US allies among those expecting new trade duties as American stock markets rebound

Events

3 w. ago Starmer appeals for 'calm' hours before Trump's 'Liberation Day' tariffs as he admits UK faces being hit

Keir Starmer said the government is being 'pragmatic' and 'preparing for all eventualities' with our 'feet on the ground' as he took the regular session of PMQs.

Politics

3 w. ago Trump tariffs latest: City braces for ‘Liberation Day’ trade war chaos amid fears over 25,000 UK job losses

Donald Trump to unveil sweeping tariffs on any country that ‘treats the US unfairly’ today

Events

3 w. ago UK entering difficult period as country awaits Trump Liberation Day, minister warns

The UK is entering a difficult period as the country awaits Donald Trump’s tariff announcement on “Liberation Day”, a Labour minister has warned.

Politics