62 m. ago Trump hours away from unveiling global tariffs in possible shake

US president claims tariffs part of a ‘liberation day’ that could include levies for China, Brazil, India and the European UnionDonald Trump’s planned tariffs will be negative across the world, with the damage depending on how far they go, how long they last and whether they lead to successful negotiations, the European Central Bank head, Christine Lagarde, said on Wednesday.The Trump administration on Wednesday is set to announce “reciprocal tariffs” targeting nations that have duties on US goods. That move would come after it slapped new import levies on products from Mexico, China and Canada – the top US trading partners – as well as on goods including steel and autos.Wisconsin beat the billionaire.Wisconsin cannot be bought. Our democracy is not for sale. And when we fight, we win. Congratulations, @CrawfordForWI Continue reading...

Politics

3 h. ago Trump hours away from unveiling global tariffs in possible shakeup of US economic strategy – live

US president claims tariffs part of a ‘liberation day’ that could include levies for China, Brazil, India and the European UnionDonald Trump’s planned tariffs will be negative across the world, with the damage depending on how far they go, how long they last and whether they lead to successful negotiations, the European Central Bank head, Christine Lagarde, said on Wednesday.The Trump administration on Wednesday is set to announce “reciprocal tariffs” targeting nations that have duties on US goods. That move would come after it slapped new import levies on products from Mexico, China and Canada – the top US trading partners – as well as on goods including steel and autos.Wisconsin beat the billionaire.Wisconsin cannot be bought. Our democracy is not for sale. And when we fight, we win. Congratulations, @CrawfordForWI Continue reading...

Economics

5 h. ago Trump’s tariffs plan gets mixed reaction in New York: ‘I believe we were lied to’

Some seemed nonplussed and said it would make no difference, while others expressed support for Trump’s plan Donald Trump’s “liberation day” – his plan to overturn decades of US free trade policy – was getting a mixed reaction in New York on Tuesday.With Trump planning to unleash tariffs on global trading partners on Wednesday, many said the price rises economists are predicting would make no difference because they were already out of reach of pinched pocketbooks. Others said they would accept short-term price hikes for longer-term US economic well-being. Continue reading...

Politics

30 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

31 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

32 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

34 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

39 h. ago Starmer admits UK will face Trump tariffs this week amid global recession fears: Live updates

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

Politics

41 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

49 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

55 h. ago Starmer admits UK will face Trump tariffs this week as US president sparks global recession fears: Live

Markets tumble across UK, Europe and Asia after Trump announced he is set to impose a barrage of high tariffs on imported goods from around the world

Politics

55 h. ago Markets tumble in UK, Europe and Asia as Trump tariffs stoke fears of global recession: Live

US president announces he is set to impose various high tariffs on imported goods from around the world to counter trade practices that his government deems unfair in escalating trade war

Economics

61 h. ago Trump's worldwide tariff threats spark global stock market tailspin: Shares slump over fears trade war will lead to recession

Trump is due to receive tariff recommendations on Tuesday and has promised to unveil a massive tariff plan on Wednesday, dubbed 'Liberation Day'

Economics

61 h. ago Trump considers extraordinary 20% global tariff on ALL IMPORTS sparking fears of worldwide market bloodbath

Trump has pushed his team in recent days to 'be more aggressive' as they hammer out the finer details of the tariffs.

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

5 d. ago In numbers: Which countries will suffer most from Donald Trump’s car tariffs?

The UK’s number-one goods export to the US is cars, worth £8.3 billion in the year up to November 2024

Politics

6 d. ago Japan says ‘every option’ on table as global car industry reels from Trump’s 25% tariffs

Automakers’ shares drop as trade partners rush to respond to US president’s latest measures

Politics

8 d. ago Globalisation may have run its course in current form, says HSBC chair

Trade tensions in era of Trump tariffs create serious potential risk to global growth, warns Sir Mark TuckerGlobalisation “may have now run its course” in its current form, according to the chair of HSBC, as geopolitical tensions and US tariffs threaten to upend existing global trade.Speaking at the bank’s global investment summit in Hong Kong on Tuesday, Sir Mark Tucker warned that trade tensions created uncertainty that posed a “serious potential risk to global growth”, in remarks reported by the Financial Times. He predicted stronger economic ties would develop between regional groups and trade blocs. Continue reading...

Society

9 d. ago Trump’s hints at ‘flexibility’ on reciprocal tariffs cheers markets – business live

Rolling coverage of the latest economic and financial newsStocks have opened higher in London, lifted by those hopes that Donald Trump will show flexibility when he announces new global tariffs next month.The FTSE 100 share index is up 0.5%, or 42 points, at 8688 points, which recovers most of Friday’s losses.“There was no lack of capacity from the substations. Each substation individually can provide enough power to Heathrow.” Continue reading...

Economics

1 week ago UK politics live: Downing Street says ‘nothing off the table’ over British troops deployed to Ukraine

In her spring statement next week, the chancellor is expected to try blaming the drop on worsening global economics amid Donald Trump’s tariffs

Politics