29 m. ago Trump tariffs latest: Donald Trump unveils 10% tariffs on UK imports amid fears of global trade war

President’s ‘Liberation Day’ announcement spares UK from worst of tariffs but will undo trade arrangements that have been in place since 1947

Politics

92 m. ago Trump tariffs latest: World on edge as Donald Trump unveils sweeping tariffs on global trade

President’s ‘Liberation Day’ announcement will undo trade arrangements that have been in place since 1947

Politics

2 h. ago Trump tariffs latest: World on edge as Donald Trump prepares to unveil sweeping tariffs on global trade

President’s ‘Liberation Day’ announcement is expected to undo trade arrangements that have been in place since 1947

Politics

10 h. ago Trump is about to bomb Iran: Top Israeli sources reveal planned attack on nuclear sites and deliver chilling 'war is coming' warning

This morning the world's focus is on Trump's decision to launch a global trade war. But in a few weeks' time, he will embark on a real war.

Events

26 h. ago Trump tariffs latest: EU vows ‘strong plan’ to hit back at Trump’s global trade war as UK ‘prepares for worst’

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

Events

32 h. ago Trump tariffs latest: Global cost of trade war revealed as Lammy says UK ‘preparing for the worst’

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

Politics

33 h. ago Trump tariffs latest: Trade war may blow $1.4tn hole in global economy as Lammy says UK ‘preparing for worst’

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

Economics

34 h. ago Global cost of Trump trade war ‘could reach $1.4tn’; Goldman Sachs cuts UK growth forecast over tariff spillovers – business live

Rolling coverage of the latest economic and financial news, as UK business secretary warns Britain will be hit by ‘Liberation Day’ tariffsTrump prepares to unveil reciprocal tariffs as markets brace amid trade war fearsTrump’s new tariffs could backfire if they are set too high, explains Mark Haefele, chief investment officer at UBS Global Wealth Management:“Wednesday’s reciprocal tariffs could push the effective tariff rate another 4 percentage points higher. Anything further than that could move tariffs beyond a revenue-raising ‘sweet spot,’ in our view.Globally, the risk of high tariffs disrupting trade and economic activity would potentially offset any US federal revenue gains that the Trump administration seeks to use to further domestic policies.”“It appears tomorrow there’ll be no country in the world exempt from the initial announcements”.I tihnk that our trading relatinship is a very strong, and fair and balanced one, so I don’t think there is the need to do this. Continue ...

Economics

36 h. ago Global cost of Trump trade war ‘could reach $1.4tn’; tariff fears hurt UK factories – business live

Rolling coverage of the latest economic and financial news, as UK business secretary warns Britain will be hit by ‘Liberation Day’ tariffsTrump prepares to unveil reciprocal tariffs as markets brace amid trade war fearsTrump’s new tariffs could backfire if they are set too high, explains Mark Haefele, chief investment officer at UBS Global Wealth Management:“Wednesday’s reciprocal tariffs could push the effective tariff rate another 4 percentage points higher. Anything further than that could move tariffs beyond a revenue-raising ‘sweet spot,’ in our view.Globally, the risk of high tariffs disrupting trade and economic activity would potentially offset any US federal revenue gains that the Trump administration seeks to use to further domestic policies.”“It appears tomorrow there’ll be no country in the world exempt from the initial announcements”.I tihnk that our trading relatinship is a very strong, and fair and balanced one, so I don’t think there is the need to do this. Continue ...

Economics

37 h. ago Keir Starmer 'won't hit back' at looming Trump tariffs as he vows a 'calm response'

Keir Starmer is gathering Cabinet on the eve of the Donald Trump's so-called 'Liberation Day' - when he has vowed to impose huge levies on imports from around the world.

Politics

44 h. ago Trump prepares to unveil reciprocal tariffs as markets brace amid trade war fears

President promises he will be ‘very kind’ but critics warn his strategy risks triggering chain reaction and global trade warAs Donald Trump prepared to unveil a swathe of reciprocal tariffs, global markets braced and some Republican senators voiced their opposition to a strategy that critics warn risks a global trade war, provoking retaliation by major trading partners such as China, Canada and the European Union.The US president said on Monday he would be “very kind” to trading partners when he unveils further tariffs this week, potentially as early as Tuesday night. Continue reading...

Politics

51 h. ago The financial markets no longer believe in Donald Trump’s ‘stable genius’

Editorial: The president’s obsession with tariffs risks a repeat of the mistakes of the 1930s – and on ‘Liberation Day’, the world may pay a heavy price

Politics

4 d. ago Starmer preparing for trade war as Trump tariffs on UK ‘look inevitable’

With Trump due to unleash a global trade war with tariffs on Wednesday, the UK is now preparing to retaliate while still making a big offer to get a trade deal over the line

Politics

6 d. ago Trump live updates: President plans to intensify global trade war with 25 percent tariff on imported autos

President insists move will boost American auto manufacturing but experts fear it could hit consumers

Politics

2 w. ago Investors slash US equity holdings by most ever, BofA survey shows

Threat to global growth from Trump’s trade tariffs sparks ‘bull crash’ in fund manager sentiment

Economics

2 w. ago Trump’s escalating trade war will damage global growth, OECD warns

Forecasts downgraded for a dozen G20 economies and alarm sounded on ‘ratcheting up’ of trade barriers

Events

2 w. ago Trump trade wars are slowing global growth and fuelling inflation, says OECD

Economic organisation downgrades forecasts for growth in UK as well as US, Canada and Mexico due to tariffsBusiness live – latest updatesDonald Trump’s trade wars are splintering the global economy and unpicking progress made to reboot growth and tackle inflation, the Organisation for Economic Co-operation and Development (OECD) has warned.In its latest update on the health of the world economy, the leading Paris-based institution downgraded the prospects for global growth this year and next, including a sharp hit to activity in the US, Canada and Mexico. Continue reading...

Politics

2 w. ago UK and global growth forecasts cut amid warnings over Trump’s trade war

The OECD warned that consumers would face much of the burden of the trade war as inflation is expected to be sent surging.

Events

2 w. ago Ed Davey calls on Keir Starmer to back Canada against Trump attacks

Lib Dem leader says PM should make public show of support for ally against ‘shocking attacks’ on its sovereigntyThe leader of the UK’s Liberal Democrats has called on the prime minister to publicly support Canada and oppose the “shocking attacks” on Canadian sovereignty, as the Trump administration further escalates its global trade war against longstanding allies.Ed Davey, who leads the third largest political party in the UK, has called on Keir Starmer to travel to Canada in a show of support to the nation’s new prime minister, Mark Carney, as the commonwealth nation faces a generational crisis under Trump’s tariff war and suggestions that the country might become the 51st US state. Continue reading...

Politics

2 w. ago Starmer 'must strike US trade deal by April 1': PM races to dodge £24bn hit from Trump's brutal 'reciprocal' tariffs as president vows to punish Europe for VAT

Keir Starmer has held off retaliating after the president ignored his pleas to slap a 25 per cent levy on steel imports yesterday.

Economics