49 m. ago Pound rises above $1.29 as Trump fears hit dollar; Poundland chain up for sale – business live

Dollar slides after US president exempts carmakers from 25% tariffs on Canada and Mexico; euro and sterling hit four-month highsThe British Chambers of Commerce (BCC) is predicting “a long and challenging year for UK businesses”. It has become more gloomy about the growth outlook for the UK and said firms will struggle to invest as they deal with a raft of rising cost pressures.This is going to be a long and challenging year for UK businesses. The BCC’s forecast shows an economy struggling without the secure foundations to kickstart business investment.Inflation will continue to be stubborn this year forcing the Bank of England to keep interest rates relatively high. Global uncertainties will add further dark clouds to the economic climate. Continue reading...

Economics

13 h. ago Trump temporarily spares carmakers from US tariffs on goods from Canada and Mexico

After a call with top executives at GM, Ford and Stellantis, president approves one-month exemption from tariffsUS politics live – latest updatesDonald Trump has temporarily spared carmakers from sweeping US tariffs on goods from Canada and Mexico, one day after an economic strike on the US’s two biggest trading partners sparked warnings of widespread price increases and disruption.The US president extended his aggressive trade strategy at midnight on Tuesday by targeting the country’s two closest neighbors with duties of 25%. Continue reading...

Politics

13 h. ago Trump temporarily spares carmakers from US tariffs on Canada and Mexico

After a call with top executives at GM, Ford and Stellantis, president approves one-month exemption from tariffsUS politics live – latest updatesDonald Trump has temporarily spared carmakers from sweeping US tariffs on goods from Canada and Mexico, one day after an economic strike on the US’s two biggest trading partners sparked warnings of widespread price increases and disruption.The US president extended his aggressive trade strategy at midnight on Tuesday by targeting the country’s two closest neighbors with duties of 25%. Continue reading...

Politics

14 h. ago Trump accuses 'Governor' Trudeau of using tariffs drama to 'stay in power' in explosive call

Donald Trump is tearing into 'Governor' Justin Trudeau of Canada after an explosive call between the leaders as the tariff war escalates. 

Events

17 h. ago ‘The relationship is broken’: Canada responds to Trump’s tariff threats

Many Canadians say they will boycott US goods and will not cross the border while Trump is in office“Since Donald Trump began his tariff threats against Canada and his ‘jokes’ about making Canada the 51st US state, I have not bought a single product originating in the US,” said Lynne Allardice, 78, a retired business owner from New Brunswick, Canada.“Not a single lettuce leaf or piece of fruit. I have become an avid reader of labels and have adopted an ‘anywhere but the US’ policy when shopping. I will not visit the States while Trump remains in office, and most of the people I know have adopted the same policy.” Continue reading...

Politics

17 h. ago ‘The relationship is broken’: Canadians respond to Trump’s tariffs

Many plan to boycott US goods and say they will not cross the border while Trump is in office“Since Donald Trump began his tariff threats against Canada and his ‘jokes’ about making Canada the 51st US state, I have not bought a single product originating in the US,” said Lynne Allardice, 78, a retired business owner from New Brunswick, Canada.“Not a single lettuce leaf or piece of fruit. I have become an avid reader of labels and have adopted an ‘anywhere but the US’ policy when shopping. I will not visit the States while Trump remains in office, and most of the people I know have adopted the same policy.” Continue reading...

Politics

18 h. ago Hopes of US golden age fade as investors start to worry about ‘Trumpcession’ risk

Tariffs are dampening consumer confidence and fears of a downturn seem to be weighing on the dollarBusiness live – latest updatesNo sooner had historic 25% tariffs on imports to the US from Canada and Mexico come into force on Tuesday than the commerce secretary, Howard Lutnick, suggested the policy might be softened. Hours later, Donald Trump told Congress that the tariffs were “protecting the soul of our country”.They say it’s the hope that kills you, but for investors trying to make sense of the Trump administration’s economic policies, it’s the uncertainty. Continue reading...

Politics

19 h. ago The 2026 Trade War World Cup encapsulates our new nativist world order | Aaron Timms

The Trump administration’s tariffs have sparked tension with co-hosts Canada and Mexico. That’s bad news for a tournament that is supposed to unite nationsThe start of the run-up to a World Cup is traditionally an upbeat affair. New stadium launches, inclusion-friendly marketing and merch campaigns, the unveiling of a tournament song or quirky mascot: these are the traditional signals by which host nations announce that the big show is approaching. This time, pre-tournament preparations are taking shape a little differently. Thanks to Donald Trump and his determination to pursue economic armageddon against the US’s co-hosts, Canada and Mexico, the tone for the 2026 World Cup is being set not by Shakira or an anthropomorphic keffiyeh but by reciprocal tariffs, a flurry of cross-border insults, and crumbling diplomatic relations between the host nations. On Tuesday, Trump confirmed that the US will begin imposing levies on most imports from Canada and Mexico; Canada immediately retali...

Events

25 h. ago How Trump’s tariffs on Canada, Mexico and China will impact US businesses and shoppers

President Donald Trump’s long-threatened tariffs have plunged America into an escalating trade war — and consumers and businesses will be the hardest hit

Economics

27 h. ago As Republicans thunderously applauded and Democrats walked out in droves, Trump’s Congress speech showcased the US divide | Lloyd Green

The president continues to yearn for adulation, but self-deprecation and modesty were nowhere to be found in his address to CongressTrump declares administration ‘just getting started’ in address to CongressDonald Trump is busy while the world around him is mired in chaos. Six weeks into his second term, he has reversed the course of US policy towards Ukraine, imposed tariffs on China, Canada and Mexico, and delegated the task of slashing government to Elon Musk. The stock market swoons.Recession and stagflation are no longer hypotheticals. The term “trade war” fills the headlines. The Dow sits hundreds of points below where it stood on Inauguration Day. Trump’s second term is already consequential and controversial. Continue reading...

Politics

27 h. ago Businesses scramble to contain fallout from Trump's tariffs on Canada, China and Mexico

A Minnesota farmer worries about the price of fertilizer

Politics

31 h. ago Donald Trump has now banned UK from sharing any US military intelligence with Ukraine

Donald Trump, the US President, has already temporarily halted American military aid to Ukraine, a decision which sparked fears the country could soon run out of weapons

Events

31 h. ago Watch live: Trump delivers Congressional address after spending day blasting Canada’s Trudeau over retaliatory tariffs

Watch live as Donald Trump delivers his much-anticipated Congressional address on Tuesday (4 March) after spending the day blasting Canadian Prime Minister Justin Trudeau over retaliatory tariffs.

Politics

31 h. ago Watch: Trump delivers Congressional address after spending day blasting Canada’s Trudeau over retaliatory tariffs

Watch as Donald Trump delivers his much-anticipated Congressional address on Tuesday (4 March) after spending the day blasting Canadian Prime Minister Justin Trudeau over retaliatory tariffs.

Politics

32 h. ago Trump speech live updates: Latest news on president’s address to Congress tonight and how to watch

President’s trade aggressions cause further unease after he suspends American aid for Ukraine

Politics

32 h. ago Marjorie Taylor Greene repeats defense of Canada tariffs already dubbed ‘bogus’ by Trudeau

The firebrand Georgia representative told The Independent that the Canadian PM needed to ‘step up’

Events

33 h. ago Trump address to Congress live: president to speak amid global turmoil over Ukraine and trade wars

President could announce minerals deal believed to have been scuppered, reports say, as Canada and China retaliate against tariffsThe theme of Donald Trump’s address to Congress will be the “renewal of the American dream”, the White House said.House speaker Mike Johnson formally invited Trump to speak to Congress in January.It’s an opportunity for President Trump, as only he can, to lay out the last month of record-setting, record-breaking, unprecedented achievements and accomplishments. Continue reading...

Politics

34 h. ago Trump could meet Canada and Mexico ‘in the middle’ on tariffs, Lutnick says

Investors fret that aggressively protectionist trade policy will hurt economy

Politics

34 h. ago Rachel Reeves warns Britain will not escape the pain of Donald Trump's trade wars as global markets tumble

It came as Mr Trump's swingeing new tariffs on imports from Mexico , Canada and China took effect - and all three countries said they would retaliate.

Events

35 h. ago Trump preps for Congressional address after spending day blasting Canada’s Trudeau over retaliatory tariffs: Live updates

President’s trade aggressions cause further unease after he suspends American aid for Ukraine

Politics