76 m. 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

1 hour ago Trump tariffs live: US stocks plunge on opening as EU ‘finalising’ plan to hit back in trade war

US president describes sweeping tariffs as ‘medicine’ as bank hikes probability of global recession to 60 per cent

Events

2 h. ago Rollercoaster for US stock markets as tariff uncertainty puts investors on edge

Wall Street shows some recovery after initial falls as Trump’s team dismiss rumours of a 90-day pause on tariffs as ‘fake news’US Politics Live: Trump says Federal Reserve should cut ratesVolatility grips global stock markets as Trump insists on tariff ‘medicine’Hong Kong stocks have plummeted more than 9% at open, while Singapore stocks dropped over 7%, according to reports.Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of the widening global trade war and fears it will unleash a deep recession, Reuters says. Continue reading...

Economics

2 h. ago Trump tariffs live: US stocks plunge on opening after EU warns it is ready to retaliate in trade war

US president describes sweeping tariffs as ‘medicine’ as billionaire Trump backer calls for pause to avert ‘economic nuclear winter’

Events

2 h. ago Trump says Federal Reserve should cut rates; Canada initiates WTO dispute over car tariffs – US politics live

US economic council head denies tariffs were part of strategy to pressure Fed to cut interest rates; Canada says measures breach trade agreementsEU 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 h. ago Trump tariffs live: FTSE sinks in market chaos as EU says it is ready to retaliate against US

US president describes sweeping tariffs as ‘medicine’ as billionaire Trump backer calls for pause to avert ‘economic nuclear winter’

Economics

4 h. ago Trump won't back down on tariffs declaring there's 'no inflation' as his latest approval rating is revealed: Live updates

DAILYMAIL.COM LIVE BLOG: Trump is not backing down on his tariffs declaring there's 'no inflation' days after sending the world's economy into frenzy.

Economics

5 h. ago Trump tariffs live: FTSE sinks in market chaos as fears grow US president will trigger global recession

US president describes sweeping tariffs as ‘medicine’ as billionaire who endorsed Trump calls for pause to avert ‘economic nuclear winter’

Politics

9 h. ago Trump tariffs live: FTSE opens sharply down after Asian markets plummet over trade fears

US president calls sweeping tariffs ‘medicine’ as fears of global trade war lead investors to ramp up bets on risk of recession

Politics

12 h. ago Asian share markets routed in early trading as Trump says ‘you have to take medicine’

US president tells reporters the levies are ‘medicine to fix something’ as Nikkei tumbles nearly 9% in early trading, worsening huge losses from last week’s announcementMarkets react to Trump tariffs – live updatesDonald Trump said foreign governments would have to pay “a lot of money” to lift sweeping tariffs that he characterised as “medicine,” as markets in Asia plunged in early trading on Monday.Speaking to reporters aboard Air Force One late on Sunday, the US president indicated he was not concerned about market losses that have already wiped out nearly $6tn in value from US stocks. “I don’t want anything to go down. But sometimes you have to take medicine to fix something,” he said. Continue reading...

Politics

13 h. ago Trump tariffs live: Asian markets plummet further with Hong Kong stocks down almost 10%

China's yuan slipps to its lowest value since January over Trump tariffs

Politics

14 h. ago Asian markets plunge further amid tariff fallout; Trump says ‘sometimes you have to take medicine’ – business live

Japan’s Nikkei 225 tumbles nearly 9% on Monday as Hong Kong’s Hang Seng down 8% and South Korea trading temporarily halted amid Trump tariff concernsHong Kong stocks have plummeted more than 9% at open, while Singapore stocks dropped over 7%, according to reports.Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of the widening global trade war and fears it will unleash a deep recession, Reuters says. Continue reading...

Economics

15 h. ago Nikkei plunges as Asian markets brace for further tariff fallout; Trump says ‘sometimes you have to take medicine’ – business live

Japan’s stock index plummets almost 9% on Trump tariff concerns after almost $5tn was wiped off the value of global stock markets last weekUS Treasury yields fell on Monday and the two-year yield sank to a multi-year low as worries of a possible recession in the world’s largest economy grew and investors wagered that could see US rates cut as early as May.The two-year US Treasury yield, which typically reflects near-term rate expectations, tumbled more than 20 basis points to its lowest level since September 2022 at 3.4350%, as investors ramped up bets of more aggressive Federal Reserve easing this year, Reuters reports. Continue reading...

Economics

16 h. ago Nikkei slumps as Asian markets brace for further tariff fallout; Trump says ‘sometimes you have to take medicine’ – business live

Japan’s Nikkei plunges more than 7% on Trump tariff concerns after almost $5tn was wiped off the value of global stock markets last weekJapan’s Nikkei index has plunged more than 7%, Agence France-Presse is reporting, after having it down down 3.6% and 5% a little earlier.The fall extends last week’s 9% drop – its steepest one-week percentage decline since March 2020. Continue reading...

Economics

17 h. ago Trump live updates: Stock futures down and markets expected to open lower as president doubles down on tariffs

The White House defended Trump’s tariff plans on Sunday even as stock prices continued to drop

Politics

19 h. ago Trump live updates: President heads back to D.C. to face markets crisis after day of protests across U.S.

Agriculture Secretary Brooke Rollins was forced to answer questions about why Trump’s 10 percent levies on islands occupied by penguins

Politics

25 h. ago Trump live updates: Administration defends controversial tariffs imposed on island only inhabited by penguins

‘Poor old penguins,’ the Australian trade minister said after Trump unveiled his sweeping policy

Politics

26 h. ago More than 50 countries seeking US trade talks after tariff move, says Trump adviser – live updates

Kevin Hassett claims tariffs will not have a big effect on US consumers and there will be no ‘political coercion’ over interest ratesStarmer orders economic reset amid Trump’s tariff mayhemIndonesia, Southeast Asia’s largest economy which faces a 32% tariff rate, said it will not retaliate against the levies and would instead pursue diplomacy and negotiations to find mutually beneficial solutions. Jakarta has said it would send a high-level delegation to the US for direct negotiations with the government.Cambodia asked the US government on Friday to postpone the 49% tariff rate on its products, the highest rate in Asia and second-highest globally.Vietnam’s leader To Lam and Donald Trump agreed on Friday to discuss a deal to remove tariffs (Vietnam will be subject to a 46% tariff).Brazil, which faces a 10% levy on its exports to the US, has said its “government is evaluating all possible actions to ensure reciprocity in bilateral trade, including resorting to the World Trade Organiza...

Politics

27 h. ago Trump live updates: Harris praises the ‘working people’ for ‘Hands Off’ protests against Trump and Musk

‘The voices of working people will always be louder than the unelected billionaires,’ the former vice president said

Politics

29 h. ago Trump tariffs live: Starmer warns world as we knew it has gone – while EU readies retaliatory measures

Labour minister says globalisation as we’ve known it has come to an end after Trump’s tariffs kick in

Events