4 h. ago Tariff deals with foreign governments not a priority for Trump, say US officials

After markets tumble, president reiterates that his policies ‘will never change’ in social media post

Politics

5 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

9 h. ago Trump tariffs live: 10% tariff kicks in for UK after US stocks and FTSE 100 see biggest drops since Covid

UK’s key FTSE-100 stock market suffered its worst one-day drop since the pandemic on Friday

Politics

20 h. ago US stocks shed $5.4tn in two days as Trump’s tariffs stoke recession fears

China’s retaliation against Washington’s levies adds to sense of gloom across global markets

Economics

23 h. ago China’s retaliatory tariffs spark fresh turmoil in global financial markets

Fresh turmoil was sparked on Friday by China announcing it will impose a 34% tariff on imports of all US products.

Economics

24 h. ago Trump dismisses China tariff retaliation and implores Fed to cut interest rates as stock market dives: Live

Trump’s trade war escalates as China strikes back with 34 percent tariffs on all U.S. goods, sending stocks sliding further after worst day since 2020

Politics

25 h. ago Markets tumble as China announces 34% retaliatory tariffs on US imports

Trump says Beijing ‘panicked’ and vows not to back down

Economics

26 h. ago Trump tears into China for retaliating against him and vows that tariffs 'will never change' despite markets tanking

President Donald Trump remained bullish about the effects of his his newly enacted tariffs on Friday, despite retaliatory actions announced by China.

Economics

26 h. ago ‘My policies will never change’: Trump doubles down on trade war after China announces retaliatory tariffs – live

US president says on Truth Social that ‘this is a great time to get rich’ despite China issuing a 34% tariff on all US goods The Trump administration is taking aim at Brown University with threats to freeze $510m in grants, widening its promise to withhold federal funding from schools it accuses of allowing antisemitism on campus, according to multiple media outlets including Reuters and the New York Times.University officials said they had not yet been formally notified, but the school was among dozens warned last month that enforcement actions could be coming as the administration seeks to crack down on academic institutions . Continue reading...

Events

29 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

29 h. ago FTSE latest: European stock markets plunge after China retaliates with 34% tariff on US goods

The stock markets in the UK, France, Germany, Japan, South Korea and Australia were all falling for a second day

Economics

32 h. ago IMF warns of ‘significant risk’ to global economy from Trump tariffs as markets plunge

Fund boss Kristalina Georgieva says it is important that US and trading partners avoid escalating trade warBusiness live – latest updatesThe International Monetary Fund (IMF) has warned that Donald Trump’s implementation of swingeing tariffs poses a “significant risk” to the global economy, as stock markets were hit by a punishing worldwide sell-off by investors.Kristalina Georgieva, the managing director of the IMF, said it was important that the US and its trading partners avoided further escalating Trump’s trade war, while stock markets plunged on Friday as China retaliated against the tariffs. Continue reading...

Events

44 h. ago US stock markets see worst day since Covid pandemic after investors shaken by Trump tariffs

All three major US index funds close down as Apple and Nvidia, two of US’s largest companies, lose combined $470bnUS stock markets tumbled on Thursday as investors parsed the sweeping change in global trading following Donald Trump’s announcement of a barrage of tariffs on the country’s trading partners.All three major US stock markets closed down in their worst day since June 2020, during the Covid pandemic. The tech-heavy Nasdaq fell 6%, while the S&P 500 and the Dow dropped 4.8% and 3.9%, respectively. Apple and Nvidia, two of the US’s largest companies by market value, had lost a combined $470bn in value by midday. Continue reading...

Economics

49 h. ago US stock markets tumble as investors shaken by Trump tariffs

Dollar hits six-month low after president announces sweeping tariffs on US’s largest trade partnersTrump condemned as global markets tumble – live updatesUS stock markets tumbled on Thursday as investors parsed the sweeping change in global trading following Donald Trump’s announcement of a barrage of tariffs on the country’s trading partners.All three major US index funds were down as trading started on Thursday morning. The tech-heavy Nasdaq fund was down 4.5%, while S&P 500 and the Dow dropped 3.4% and 2.7% at opening, respectively. Continue reading...

Economics

53 h. ago John Swinney vows to leave 'no stone unturned' amid fears over Trump tariffs

First Minister John Swinney said tariffs would be damaging for economic activity

Politics

56 h. ago China vows to retaliate against Trump's Liberation Day 'bullying' and accuses US of 'violating trade rules' while SE Asia is left reeling from huge tariffs

'History proved that raising tariffs will not solve US problems. There can be no winners in a trade war,' the Commerce Ministry in Beijing said as it vowed to take 'firm countermeasures'

Politics

58 h. ago President Donald Trump's tariffs: What his bombshell move means for the UK and your money

President Trump's historic speech in which he vowed to use tariffs to make the US "wealthy again" has led to a whole series of questions - here we break down exactly what it all means

Politics

58 h. ago Trump tariffs live: EU vows to hit back after Asian markets sent plummeting

Donald Trump has announced reciprocal tariffs on dozens of countries

Politics

68 h. ago Trump confirms 25% levy on all foreign automakers and vows to impose ‘reciprocal’ tariffs worldwide – live

US president says new tariffs will become effective at midnight ETDonald Trump’s planned tariffs will be negative across the world, with the damage depending on how far they go, how long they last and whether they lead to successful negotiations, the European Central Bank head, Christine Lagarde, said on Wednesday.The Trump administration on Wednesday is set to announce “reciprocal tariffs” targeting nations that have duties on US goods. That move would come after it slapped new import levies on products from Mexico, China and Canada – the top US trading partners – as well as on goods including steel and autos.Wisconsin beat the billionaire.Wisconsin cannot be bought. Our democracy is not for sale. And when we fight, we win. Congratulations, @CrawfordForWI Continue reading...

Politics

3 d. ago Trump and Musk have ushered in a terrible era of cataclysm capitalism. But I have a plan to counter it | Julia Steinberger

The speed with which US democracy is being dismantled is dizzying, but if we organise resistance now we can stop thisEverything is moving too fast. The Trump-Musk administration is tearing through US government, universities and health organisations, firing tens of thousands of employees, eliminating billons in funding. The scope and speed of the attack is dizzying. It is almost impossible to keep up with the ongoing destruction, let alone to organise the resistance. None of this is accidental.We need to understand the origins of the Trump blitzkrieg to counter it in the US and prevent it from spreading abroad. The speed of the attack can be traced to Trump strategist and “accelerationist” Steve Bannon, and aligns with his information warfare tactic to “flood the zone” to confuse, disengage and disorient. Whether on climate or Covid, rumours, lies and conspiracy theories create a chaotic cacophony, leaving the public disoriented, fearful and prey to oversimple Trumpist messages: bla...

Politics