2 h. ago US trade war with China is 'single stupidest thing you’ll ever see’ says expert

Political expert Ian Dunt has issued a scathing attack on Donald Trump after the US President announced a sweeping range of import tariffs on territories around the world

Events

4 h. ago From Nike to Apple: which US brands could be hit hardest by Trump tariffs and what’s at stake?

Companies with suppliers in Asian countries are likely to have to raise prices after the US president’s measuresBusiness live – latest updatesDonald Trump’s “liberation day” tariff war has so far wiped trillions off the market value of publicly traded companies, with the sweeping border taxes of up to 50% poised to wreak havoc on businesses across the world.US-based global brands from Nike to Apple have suffered some of the heaviest falls in share price and market value, as investors react to fears of price increases and a potential slowdown in consumer spending. Here, we examine some of the most exposed industries and brands. Continue reading...

Politics

4 h. ago Starmer to hold talks with other global leaders to discuss response to Trump tariffs, says No 10 – UK politics live

UK prime minister to speak to international leaders this weekend to ‘maintain stability and strengthen our partnerships abroad’Trump claims Starmer ‘very happy’ about tariffsDowning Street has refused to confirm President Trump’s claim that Keir Starmer was “very happy” about the treatment the UK is getting under the new US global tariff regime. (See 9.32am.) Asked about the president’s words at the morning lobby briefing, the PM’s spokesperson said that the government had already set out its position yesterday and that it was “disappointed” by the US tariff policy.Livia Tossici-Bolt has been sentenced at Poole magistrates’ court to a conditional discharge for two years for two charges of breaching a “buffer zone” outside an abortion clinic in Bournemouth, PA Media reports. See 11.22am. Continue reading...

Politics

4 h. ago Stock markets plunge as China announces retaliatory 34% tariffs on US goods – business live

Global trade war escalate as Beijing hits back against Donald Trump with new tariffs on US goodsIMF warns of ‘significant risk’ to global economy from Trump tariffs as markets slideGlobal markets in turmoil as Trump tariffs wipe $2.5tn off Wall StreetAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsNew Civil Liberties Alliance, a conservative legal group, has filed what it says is the first lawsuit seeking to block Donald Trump’s tariffs on Chinese imports, saying the US president overstepped his authority. Reuters reports:The lawsuit, filed in federal court in Florida, alleges that Trump lacked the legal authority to impose the sweeping tariffs unveiled on Wednesday as well as duties authorized on February 1 under the International Emergency Economic Powers Act.“By invoking emergency power to impose an across-the-board tariff on imports from China that the statute does not authorize, President Trump has misused that power, usurped Congress’s right to contro...

Economics

5 h. ago The first UK victim of Trump's Tariff: Firm lost £350,000 order from US customer at last minute because of new levy

A businessman has lost a £350,000 deal with a US customer following President Trump's decision to hit the UK with tariffs on exports.

Economics

7 h. ago Trump live: ‘Liberation Day’ tariffs wipe $3.1 trillion from Wall Street as analysts warn of global recession

President Trump says his tariffs are ‘going very well’ despite U.S. markets suffering their steepest declines since 2020

Events

8 h. ago Stock markets plunge further as Trump tariffs spark chaos but US president insists policy 'going well'

Trump has created huge global trade turmoil after slapping a minimum 10% tariff on most US imports and much higher levies on dozens of countries

Politics

8 h. ago Trump tariffs live: President says Starmer ‘very happy’ with UK’s tariff after Asian markets plunge again

Donald Trump’s ‘Liberation Day’ tariffs wiped $2.4trn from S&P 500, in its biggest one-day loss since March 2020

Politics

8 h. ago FTSE 100 hits lowest level since January as IMF warns Trump tariffs ‘a significant risk’ to global economy – business live

Kristolina Georgieva warns against retaliation to US levies while US president insists ‘markets will boom’ after sweeping tariff announcementGlobal markets in turmoil as Trump tariffs wipe $2.5tn off Wall StreetAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsNew Civil Liberties Alliance, a conservative legal group, has filed what it says is the first lawsuit seeking to block Donald Trump’s tariffs on Chinese imports, saying the US president overstepped his authority. Reuters reports:The lawsuit, filed in federal court in Florida, alleges that Trump lacked the legal authority to impose the sweeping tariffs unveiled on Wednesday as well as duties authorized on February 1 under the International Emergency Economic Powers Act.“By invoking emergency power to impose an across-the-board tariff on imports from China that the statute does not authorize, President Trump has misused that power, usurped Congress’s right to control tariffs, and upset the Constitution’s ...

Events

10 h. ago Finance guru Bill Ackman's stern advice to world leaders reeling from Trump's tariffs amid fears of trade war

Finance guru Bill Ackman offered some stern advice to world leaders reeling from US President Donald Trump's tariffs amid fears of a global trade war.

Politics

10 h. ago The Latest: Trump’s tariffs slam world markets in the biggest blow since the pandemic hit in 2020

Asian shares slid further Friday after U.S. President Donald Trump’s tariffs sent shudders through Wall Street at a level of shock unseen since the COVID-19 pandemic pummeled world markets in 2020

Events

12 h. ago Asian stocks slid after Wall Street surrendered to a hit by Trump's tariffs

Asian markets are retreating after Wall Street led the biggest loss among world's markets over worries about U.S. President Donald Trump's tariffs

Politics

13 h. ago Trump live: Markets see worst day since Covid after new tariffs as president teases $5m gold card featuring his face

President Trump imposes blanket tariffs on all countries, hitting China and Europe hardest

Politics

15 h. ago Trump tariffs live: President teases $5m gold card for US entry which features his own face on day that stocks plunge globally

President Trump imposes blanket tariffs on all countries, hitting China and Europe hardest

Politics

17 h. ago French President Macron urges suspension of US investments after Trump tariffs

Macron argues European investments in America ‘should be suspended until things are clarified ‘

Politics

18 h. ago Sweeping Trump tariffs shock global economy, drawing threats and calls for talks

Tariff hikes announced by U.S. President Donald Trump have provoked dismay, threats of countermeasures and calls for further negotiations to make trade rules fairer

Events

18 h. ago Trump’s tariff push is a race against time, and potential voter backlash

President Donald Trump’s expansive new tariff regime reverses a decades-long global trend of lower trade barriers that will likely raise prices for U.S. consumers and threatens to sharply slow the economy this year

Politics

19 h. ago RICHARD LITTLEJOHN: What irony that Starmer's in the box seat for a U.S. trade deal thanks to Brexit

Donald Trump dealt Keir Starmer a gold-plated Get Out Of Jail Free card when he dropped his global tariff bomb.

Economics

19 h. ago The last time this led to Great Depression, Irish money minister warns

An Irish Cabinet minister has compared US President Donald Trump’s tariff regime to the circumstances which precipitated the Great Depression.

Events

20 h. ago Donald Trump insists US 'going to boom' from tariffs despite stock market plunge

US President Donald Trump revealed a raft of tariffs on Wednesday causing stock markets to plunge but he remains confident saying: "I think it's going very well"

Politics