1 hour 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

2 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

3 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

4 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

5 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

6 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

8 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

12 h. ago Trump officials claim 50 nations want to start US trade talks as Starmer vows to protect UK businesses

Back in Britain, the Prime Minister has pledged to ‘turbocharge plans that will improve our domestic competitiveness’ in the wake of Trump’s tariffs and fears of a global trade war

Politics

14 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

15 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

16 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

18 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

21 h. ago Era of globalisation ‘at an end’, says UK minister, as countries mull tariff responses – live updates

Darren Jones says age of ‘fast-fashion or cheap TVs’ is over and people should be prepared for tougher times to come amid market turmoilStarmer orders economic reset amid Trump’s tariff mayhemDarren Jones, chief secretary to the Treasury, was also interviewed by Sky News’ Trevor Phillips this morning. He said the UK had been “treated differently to the European Union” as a result of Brexit. As a reminder, Trump has imposed a 10% tariff on UK goods but a 20% tariff on EU goods.Asked if the lower 10% tariff imposed by the US was a “Brexit dividend”, the chief secretary to the Treasury said:It is, there’s one. I’ve struggled to find one in the past but there is one we’ve ended up with.It’s good, but what we’re not going to do is pick or trade off the United States or the European Union.People should be prepared for things to be tougher in the global economy.Globalisation has “come to an end” in the wake of the new tariffs. Asked if the era of “cheap fast-fashion or cheap TVs” was over,...

Politics

21 h. ago Trump tariffs live: Starmer vows to protect UK from ‘storm’ of US tariffs 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

22 h. ago Trump tariffs live: Starmer vows to protect UK businesses from ‘storm’ US tariffs will bring

Donald Trump admits tariffs plan ‘won’t be easy’ but calls on Americans to ‘hang tough’

Politics

33 h. ago Trump tariffs live: Starmer warns ‘world as we know it has gone’ as Jaguar Land Rover halts shipments to US

Donald Trump admits tariffs plan ‘won’t be easy’ but calls on Americans to ‘hang tough’

Events

37 h. ago Jaguar Land Rover pauses shipments to US as Trump says impact of tariffs ‘won’t be easy’ – live

Trump’s baseline 10% tariff on all imports from many countries has begun, with higher levies on 57 trading partners to start next weekAmerica’s Brexit? Trump’s historic gamble on tariffs has been decades in the makingIsraeli prime minister Benjamin Netanyahu is expected to visit the White House on Monday to discuss recently announced tariffs with US president Donald Trump, three Israeli officials said on Saturday, according to Reuters.The impromptu visit was first reported by Axios, which said that if the visit takes place, the Israeli leader would be the first foreign leader to meet Trump in person to try to negotiate a deal to remove tariffs. Continue reading...

Politics

40 h. ago Trump tariffs live: Jaguar Land Rover pauses shipments to US as 10% tariff kicks in for UK

Donald Trump admits tariffs plan ‘won’t be easy’ but calls on Americans to ‘hang tough’

Politics

43 h. ago Trump tariffs live: 10% tariff kicks in for UK as Italy says retaliating against US will ‘damage everyone’

Sir Keir Starmer will talk to foreign leaders this weekend to consider how to respond to US tariffs

Politics

44 h. ago Trump live updates: Historic stock plunge after tariff announcement leaves Americans rattled

Trump’s trade war escalates as China strikes back with 34 percent tariffs on all U.S. goods, sending stock markets plummeting and wiping out $6 trillion in two days

Politics