2 h. ago Trump prepares to unveil reciprocal tariffs as markets brace amid trade war fears

President promises he will be ‘very kind’ but critics warn his strategy risks triggering chain reaction and global trade warAs Donald Trump prepared to unveil a swathe of reciprocal tariffs, global markets braced and some Republican senators voiced their opposition to a strategy that critics warn risks a global trade war, provoking retaliation by major trading partners such as China, Canada and the European Union.The US president said on Monday he would be “very kind” to trading partners when he unveils further tariffs this week, potentially as early as Tuesday night. Continue reading...

Politics

7 h. ago Recession odds are increasing as Trump pushes his trade war further, top financial firm says

Recession fears mount as Trump set to begin ‘Liberation Day’ tariff agenda this week

Economics

8 h. ago Brazil's Lula to meet Putin and Xi amid global trade war fears

Brazil’s President Luiz Inácio Lula da Silva will meet with Russia’s Vladimir Putin in Moscow and China’s Xi Jinping in Beijing, two important partners for the South American giant, in May

Politics

10 h. ago The financial markets no longer believe in Donald Trump’s ‘stable genius’

Editorial: The president’s obsession with tariffs risks a repeat of the mistakes of the 1930s – and on ‘Liberation Day’, the world may pay a heavy price

Politics

11 h. ago Downing Street admits Britain will be hit by Trump’s tariffs this week as worldwide trade war looms

Trump’s tariffs could hit 60 per cent of firms directly, two major business groups have warned

Events

16 h. ago Markets tumble in UK, Europe and Asia as Trump tariffs stoke fears of global recession: Live

US president announces he is set to impose various high tariffs on imported goods from around the world to counter trade practices that his government deems unfair in escalating trade war

Economics

18 h. ago World markets and US dollar suffer worst monthly losses since 2022 as Trump tariffs fuel recession fears – business live

Shares slide after President Donald Trump says new reciprocal tariffs expected this week will include all nations, and Goldman Sachs say US recession more likelyWall Street shrinks in response to price pressures, stoking fears of Trump tariffsSwiss bank UBS has cut its forecast for the US stock market’s gains this year.Having previously forecast the S&P 500 shares index would end the year at 6,600 points (which would have been a 12% gain in 2025), UBS have now cut their end-year target to 6,400 points.“After considering the effects of tariffs and slower growth data so far in 2025, we now expect 6% earnings per share growth, and we have accordingly reduced our year-end target for the index to 6,400 (from 6,600).But this also means that there is still meaningful upside for broad US equities by year-end, in our view.”The Nikkei closed down 4%, while European indices are a sea of red. The sell off is broad based, with more than 550 of the Eurostoxx 600 stocks lower as investors take...

Economics

21 h. ago World markets and US dollar suffer worst monthly losses since 2022 as Trump trade war riles investors – business live

Shares slide after President Donald Trump says new reciprocal tariffs expected this week will include all nationsWall Street shrinks in response to price pressures, stoking fears of Trump tariffsEurope’s main stock indices are a sea of red, as investors react to Donald Trump’s declaration that the reciprocal tariffs he is set to announce this week will include all nations.Italy’s FTSE MIB index has dropped 1.4%, France’s CAC is down 1%, and Germany’s DAX has lost 0.95%.The tariffs imposed by the U.S. government and the fear of new announcements as early as Wednesday are creating a bleak atmosphere on trading floors worldwide. Just last Wednesday, the DAX was above 23,000 points, but it now appears that the index may soon test the 22,000 mark.The risk appetite seen in the initial weeks of the year has dissipated as investors and asset managers pull back, reduce positions, and refrain from taking on large new ones. The inclination to buy the dips has nearly vanished. Continue reading...

Economics

21 h. ago Trump’s US doesn’t just think Europe is obsolete – it wants to see it dead | Nathalie Tocci

Whether it is by declaring a trade war or by bullying Greenland, visceral hatred is driving American policyThe “Signalgate” scandal confirmed what Europeans already knew. The Trump administration’s disdain for Europe is deep and the transatlantic fracture is structural. While our leaders publicly play down the significance of the unravelling that is manifestly under way, few actually sound as convinced in private.Hopes persist that Europe can prevent the most extreme manifestation of the collapse in the relationship, be it an invasion of Greenland, the withdrawal of US forces from Europe’s Nato member states or an all-out trade war. Most urgently, European leaders are focused on ensuring that if (or perhaps when) the US throws Kyiv under the bus, it is Europe collectively that will somehow succeed in securing a free, independent and democratic Ukraine. But there should be no illusion that this will happen by working in synergy with Washington or even with its tacit approval.Nathalie...

Politics

22 h. ago Trump's worldwide tariff threats spark global stock market tailspin: Shares slump over fears trade war will lead to recession

Trump is due to receive tariff recommendations on Tuesday and has promised to unveil a massive tariff plan on Wednesday, dubbed 'Liberation Day'

Economics

22 h. ago Will Trump’s ‘Liberation Day’ be the start of a trade war – or another climbdown?

After myriad false starts and much fluctuation, the lingering question is not how far Trump can take his trade wars, but how far he willDonald Trump won back the White House with a promise to transform the US economy. Millions of Americans, struggling with higher prices and bigger bills, elected a president who pledged to revive his country’s industrial heartlands – and leave the rest of the world to pick up the bill.On Wednesday – a day dubbed Liberation Day by the president and his aides – Trump has vowed to pull the trigger and impose an historic barrage of tariffs on goods from overseas he claims will fund an extraordinary revival. Continue reading...

Politics

46 h. ago Who is running Britain’s economy – Rachel Reeves or Donald Trump?

The chancellor’s careful calculations for her spring statement are likely to be blown out of the water by a looming US trade war• From more tax to rewriting budget rules: six alternative ways Reeves could raise moneyAs Rachel Reeves powered through her spring statement on Wednesday, telling the country she was “restoring stability to the public finances” few in the House of Commons chamber seemed to know what to make of it all.Reeves’s message did not seem to resonate with the underlying mood of uncertainty and anxiety at home and abroad. Many Labour MP nodded loyally along with her, trying to impress the whips. Others on the government benches looked grave. Growth forecasts for this year had been halved. Money would have to be raised to meet the chancellor’s own fiscal rules, and the poorest would be the ones bearing the brunt. Continue reading...

Politics

55 h. ago Trump tells advisers to be more aggressive in trade war and mulls universal tariff, report says

President has declared April 2 ‘Liberation Day’ as he prepares to unveil reciprocal tariffs on all U.S. trading partners

Politics

57 h. ago Keir Starmer urged to get tough with Trump as US tariff threat looms

PM told to be as robust as Canada with the US president as the UK stages last-ditch talks to strike trade dealKeir Starmer should fight back strongly against Donald Trump if he imposes punitive tariffs on British exports, senior UK and EU diplomats said on Saturday night, amid heightened fears that the US president could trigger a global trade war with devastating effects on the UK economy.British government officials in London and Washington are working frantically this weekend to try to persuade Trump not to slap duties on more key UK industries on what he is calling “liberation day” on Wednesday. The US president has already announced plans for 25% levies on imports of cars, steel and aluminium to the US. Continue reading...

Politics

61 h. ago Starmer preparing for trade war as Trump tariffs on UK ‘look inevitable’

With Trump due to unleash a global trade war with tariffs on Wednesday, the UK is now preparing to retaliate while still making a big offer to get a trade deal over the line

Politics

62 h. ago Italy PM Giorgia Meloni says it is 'childish' to suggest she has to choose between US and Europe and says Donald Trump is RIGHT about Continent's ruling class

A tit-for-tat trade war with Europe, and Trump's anti-NATO stance on Ukraine, are placing the Italian prime minister in a difficult spot as the President's bridge to the EU.

Politics

3 d. ago Trump moves to officially close USAID and tells remaining employees their jobs will be eliminated

After months of attempting to remove responsibility, funding and staff from the U.S. Agency for International Development, the Trump administration moved to effectively close it down on Friday

Politics

3 d. ago The telling sign Trump is walking back his public feud with Canada amid trade war

President Donald Trump cited a 'good conversation' with Canada's new PM and said the U.S. would have a 'very good relationship' with the country even amid the growing trade war.

Politics

3 d. ago Trump warned automakers not to raise prices after his tariffs and be happy how ‘great’ they are

Trump reportedly hosted a call in early March with auto CEOs before he made the 25 percent tariffs official this week

Events

3 d. ago New York Times reporter reveals reason Trump won’t fire Mike Waltz

White House Correspondent Maggie Haberman tells CNN that Trump ‘does not want to fire’ officials involved in the Signal group chat leak

Politics