1 hour ago Trump threatens 104% tariff on China as trade war escalates hours before negotiating deadline: Live updates

DAILYMAIL.COM LIVE BLOG: Meanwhile, China blasted Trump's tariffs as 'blackmail' by the United States and vowed to 'fight to the end.'

Events

1 hour ago Trump to sign executive orders aimed at boosting the coal industry – US politics live

President speaks in White House framed by coal minersThe European Union still wants to avoid a trade war with the United States despite Donald Trump’s administration’s rejection of the “zero for zero” offer on all industrial goods put forward by Brussels, an EU spokesperson told reporters on Tuesday.White House trade adviser Peter Navarro said on Monday that the European Union needed to lower its non-tariff barriers, including those created by value-added taxes and food safety regulations, if it wanted to reach a deal. Continue reading...

Politics

2 h. ago Wall Street slumps as hopes wane for tariff delays; US says it will implement 104% tariff on China – business live

US stock market swings wildly as investor hopes for concessions and delays on tariffs waxed then waned How ‘liberation day’ rout compares with other notorious stock market crisesWall Street traders on Trump tariffs: ‘Without doubt, we’re hitting a recession’Trump threatens additional 50% tariffs on China over retaliatory leviesSouth Korea’s government has approved Tuesday 3 June as the date for a snap presidential election, following the removal from office of Yoon Suk Yeol last week over his declaration of martial law.The move comes after Yoon’s removal after the country’s constitutional court voted unanimously on Friday to uphold parliament’s decision to impeach him over his ill-fated declaration of martial law in December. Continue reading...

Economics

2 h. ago Trump tariffs live updates: White House says 104% tariffs on China will take effect at midnight

Beijing says it will ‘fight to the end’ as president demands China drop its retaliatory countermeasures

Politics

3 h. ago Trump tariffs live updates: Deadline nears for China 104% tariffs to start as White House refuses to change its plans

Beijing says it will ‘fight to the end’ as president demands China drop its retaliatory countermeasures

Events

4 h. ago Trump ‘waiting for China to call’ as deadline to avoid 50% extra tariff passes – US politics live

US president had threatened to impose extra levies unless China withdrew its 34% retaliatory tariffs todayThe European Union still wants to avoid a trade war with the United States despite Donald Trump’s administration’s rejection of the “zero for zero” offer on all industrial goods put forward by Brussels, an EU spokesperson told reporters on Tuesday.White House trade adviser Peter Navarro said on Monday that the European Union needed to lower its non-tariff barriers, including those created by value-added taxes and food safety regulations, if it wanted to reach a deal. Continue reading...

Politics

4 h. ago Trump tariffs live updates: Musk escalates attacks on Navarro saying he’s ‘dumber than a sack of bricks’ over tariffs

Billionaire special adviser lashes out at trade guru, calling him ‘truly a moron’ on X

Politics

6 h. ago US troops in Europe to stay ‘where they are’, says top general – Europe live

Gen Christopher Cavoli says he is planning to keep forces in same locations amid concerns over deployments in Poland and LithuaniaThe US administration is reportedly considering withdrawing up to 10,000 US soldiers from central and eastern Europe, according to a report by US broadcaster NBC News.The unconfirmed plans are understood to be looking at reducing US presence in Poland and Romania, despite what regional leaders see as a growing threat from increasingly aggressive Russia. Continue reading...

Politics

6 h. ago Trump live updates: Musk escalates attacks on Navarro saying he’s ‘dumber than a sack of bricks’ over tariffs

Billionaire special adviser lashes out at trade guru, calling him ‘truly a moron’ on X

Politics

7 h. ago Trump live updates: China refuses to budge as deadline looms for 104% tariffs threat

Beijing says it will ‘fight to the end’ rather than submit to president’s trade war aggressions

Events

8 h. ago Wall Street surges 3% as European markets rebound on trade deal hopes – business live

Rallies come as US Treasury secretary says he believes country can reach ‘some good deals’ with trading partnersHow ‘liberation day’ rout compares with other notorious stock market crisesWall Street traders on Trump tariffs: ‘Without doubt, we’re hitting a recession’Trump threatens additional 50% tariffs on China over retaliatory leviesSouth Korea’s government has approved Tuesday 3 June as the date for a snap presidential election, following the removal from office of Yoon Suk Yeol last week over his declaration of martial law.The move comes after Yoon’s removal after the country’s constitutional court voted unanimously on Friday to uphold parliament’s decision to impeach him over his ill-fated declaration of martial law in December. Continue reading...

Economics

8 h. ago Chinese nationals captured fighting for Russia in Ukraine, says Zelenskyy – Europe live

Ukrainian president says forces captured two Chinese men fighting for Russia in eastern Ukraine and calls for response from BeijingThe US administration is reportedly considering withdrawing up to 10,000 US soldiers from central and eastern Europe, according to a report by US broadcaster NBC News.The unconfirmed plans are understood to be looking at reducing US presence in Poland and Romania, despite what regional leaders see as a growing threat from increasingly aggressive Russia. Continue reading...

Politics

8 h. ago White House stands firm on Trump’s tariffs and claims 70 nations want to negotiate new deals: Live updates

Treasury Secretary Scott Bessent says allies lining up to sign fresh agreements to ease trade war pain

Economics

8 h. ago Wall St set to rally as European markets rebound despite Trump and China trade threats – business live

Beijing says US threat to escalate tariffs against China is a ‘mistake on top of a mistake’ and amounts to blackmailHow ‘liberation day’ rout compares with other notorious stock market crisesWall Street traders on Trump tariffs: ‘Without doubt, we’re hitting a recession’Trump threatens additional 50% tariffs on China over retaliatory leviesSouth Korea’s government has approved Tuesday 3 June as the date for a snap presidential election, following the removal from office of Yoon Suk Yeol last week over his declaration of martial law.The move comes after Yoon’s removal after the country’s constitutional court voted unanimously on Friday to uphold parliament’s decision to impeach him over his ill-fated declaration of martial law in December. Continue reading...

Politics

9 h. ago Trump tariffs live: Reeves says ‘nothing off the table’ in US trade talks after FTSE finally rallies

Comes as US president threatens new 50% levy on China on top of eye-wateringly high existing tariffs

Politics

9 h. ago White House stands firms on Trump’s tariffs and claims 70 nations want to negotiate new deals: Live updates

Treasury Secretary Scott Bessent says allies lining up to sign fresh agreements to ease trade war pain

Economics

11 h. ago EU sanctions policy ‘failed’ to make impact on Russia, says Hungarian minister – Europe live

Péter Szijjártó, Hungary’s foreign minister, claims sanctions ‘hit European economy more than Russian economy’Péter Szijjártó, a frequent visitor to Moscow despite the continuing Russian aggression against Ukraine, also told Bloomberg that the EU’s sanctions policy “has failed” as he claimed it “hit European economy more than the Russian economy”.He said that Hungary’s view on rolling over the existing sanctions will “depend a lot on the geopolitical circumstances”, with Budapest closely following the progress of Trump-led talks with Russia. Continue reading...

Politics

11 h. ago Trump tariffs live: EU pleads with China not to escalate trade war after FTSE finally rallies

Total new levies could climb to 104 per cent on Chinese goods imported into US this year

Politics

11 h. ago Supreme Court backs Trump over Venezuelan deportations but insists on due process: Live

Decision allows president to continue summarily deporting alleged gang members to El Salvador

Politics

13 h. ago Ursula von der Leyen speaks with Chinese premier on trade and ‘avoiding further escalation’ – Europe live

European Commission president meets Li Qiang about Europe and China’s ‘responsibility to support reformed trading system’ and push for negotiationsGermany has temporarily suspended accepting new refugees via a UN resettlement programme, pending the outcome of the coalition negotiations and the new government formation, the German press agency DPA reported.The DPA’s report said that almost all resettlement applications will be suspended until the new government takes office, with only “well advanced” cases expected to be processed. Continue reading...

Politics