47 m. ago China says it will ‘fight to the end’ after Trump threatens additional 50% tariffs – business live

Beijing says US threat to escalate tariffs against China is a ‘mistake on top of a mistake’ and amounts to blackmailTrump 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

2 h. ago China says it will not bow to US pressure after Trump threatens additional 50% tariffs – business live

Beijing vows to safeguard its interests after Trump promises steeper tariffs if China doesn’t retract planned countermeasures, as markets brace for further volatilityTrump threatens additional 50% tariffs on China over retaliatory leviesJapan’s benchmark Nikkei 225 index has now risen 3%, AFP is reporting.The uptick comes after financial markets across the globe posted a third day of losses on Monday as investors worried that steep trade barriers around the world’s largest consumer market could lead to a recession. Continue reading...

Events

6 h. ago Trump says US in direct talks with Iran over nuclear program as he holds Oval Office meeting with Netanyahu – US politics live

President says talks to continue on Saturday and adds he and Israeli president also discussed tariffs and Israel-Gaza warEU 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

6 h. ago Donald Trump says he is not looking at pausing tariffs as US markets close after rocky day – business live

US president, when asked about considering a pause in global tariffs, says ‘We’re not looking at that’Trump threatens additional 50% tariffs on China over retaliatory leviesVolatility 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

7 h. ago Trump tariffs live: President dismisses tariff pause as Netanyahu vows to ‘eliminate’ US trade barriers

US president describes sweeping tariffs as ‘medicine’ as major volatility in global markets continues

Politics

7 h. ago Trump says there will be NO pause on tariffs as he tears into countries 'ripping off' America: 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.

Politics

7 h. ago Rollercoaster day for global stock markets as BlackRock CEO says US ‘probably in recession’ – business live

Larry Fink says most CEOs he talked to agreed with assessment; US indexes see sharp ups and downs; UK index loses nearly 4.5% US politics live: Trump threatens China with additional tariffsVolatility 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

9 h. ago Mystery as Trump 'cancels' press conference with Netanyahu amid global tariff market meltdown: 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.

Politics

9 h. ago Trump tariffs live: FTSE dealt further blow as US president issues fresh 50% levies warning against China

US president describes sweeping tariffs as ‘medicine’ as major volatility in global markets continues

Economics

9 h. ago Trump triples down on tariffs as historic market bloodbath fuels MAGA civil war: 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.

Events

11 h. 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

11 h. 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

12 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

12 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

12 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

13 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

14 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

15 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

19 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

22 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