86 m. ago European markets suffer losses after Trump ‘recommends’ 50% tariff on EU, and threatens Apple with 25% tariff – business live

US president Donald Trump reignites trade war with threat to impose high tariffs on European goods, and Apple iPhones made overseasTrump says he is hitting EU with 50% tariff as trade talks are ‘going nowhere’As well as cutting UK energy costs (see earlier), Donald Trump can also take credit for growing the German economy!New GDP data this morning shows that Germany’s GDP rose by 0.4% in January-March, twice as fast as the first estimate of 0.2% growth in the quarter.“The reason for the slightly higher growth compared to the initial estimate was the surprisingly positive economic development in March.”“In particular, production in the manufacturing sector and exports performed better than initially expected.The German economy had its best quarterly performance since the third quarter of 2022, and the reason for it seems to be Donald Trump. As a result of the announced tariffs and in anticipation of ‘Liberation Day,’ German industrial production and exports surged in March.Net export...

Economics

3 h. ago Apple has had few incentives in the past to start making iPhones in US

Unhappy that Apple intends to source nearly all of its U.S. iPhones from India, President Donald Trump on Friday threatened a 25% tariff on the popular device unless the tech giant moves production to the United States

Politics

4 h. ago Apple working on smart glasses that would understand the world around them, report claims

Glasses would sit alongside existing augmented reality headset and compete with Meta’s AI glasses

Politics

5 h. ago Ukraine’s Zelenskyy confirms major prisoner swap with Russia – Europe live

The first stage of a major prison swap between Ukraine and Russia has taken place in Turkey, with 390 people released todayFor more coverage of Trump’s tariffs threats – which also include a warning that Apple must pay a 25% tariff unless it manufactures its iPhones in the US – follow our business live blog here:US president Donald Trump has just called the EU “very difficult to deal with,” lamenting the bloc’s “powerful Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against American Companies, and more” (original capitalisation!).“Our discussions with them are going nowhere! Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025. Continue reading...

Events

6 h. ago Trump ‘recommending’ 50% tariff on EU, and threatens Apple with 25% tariff – business live

US president Donald Trump reignites trade war with threat to impose high tariffs on European goods, and Apple iPhones made overseasTypical energy bill in Great Britain to fall 7% to £1,720 a year from JulyAs well as cutting UK energy costs (see earlier), Donald Trump can also take credit for growing the German economy!New GDP data this morning shows that Germany’s GDP rose by 0.4% in January-March, twice as fast as the first estimate of 0.2% growth in the quarter.“The reason for the slightly higher growth compared to the initial estimate was the surprisingly positive economic development in March.”“In particular, production in the manufacturing sector and exports performed better than initially expected.The German economy had its best quarterly performance since the third quarter of 2022, and the reason for it seems to be Donald Trump. As a result of the announced tariffs and in anticipation of ‘Liberation Day,’ German industrial production and exports surged in March.Net exports an...

Politics

6 h. ago Trump threatens 25% tariff on Apple iPhones and 50% on EU products starting June 1

President Donald Trump has threatened to impose a 50 percent import tax on anything brought into the U.S. from the European Union and is warning that he will unilaterally slap a 25 percent tariff on any Apple products unless the most valuable technology company in the United States begins manufacturing iPhones inside the country.

Politics

7 h. ago Trump threatens tariffs on beloved iPhones as he chews out Apple's Tim Cook: Live updates

Donald Trump is tearing into Apple and threatening a new 25 percent tariff on iPhones if the company does not manufacture the product in the U.S.

Politics

7 h. ago Top Tech: Argos Bank Holiday sale cuts up to 50% off Apple, Samsung, Shark and more

Argos has brought back its Big Red Event has seen prices slashed up to 50% on countless tech products including Samsung tablets, LG TVs and Apple iPhones

Economics

15 h. ago UK weather maps show 45 counties to enjoy 27C mini heatwave coming in days

A wave of searing heat is predicted for the end of May and start of June across the country, allowing Brits to gather in flocks to enjoy the blue skies and sunshine

Society

57 h. ago Government ban in England, Wales, Scotland and Northern Ireland starts June 1

The UK government has issued an important alert to anyone who still buys and sells disposable vapes

Politics

2 d. ago Tropical wave detected in Atlantic — weeks before hurricane season really begins

The Atlantic hurricane season starts on June 1

Politics

8 d. ago Trump says he has a ‘little problem’ with Tim Cook over Apple’s India production

President rebukes tech firm after reports it will switch assembly of iPhones for US market from China to IndiaDonald Trump has admonished Apple and its chief executive over the tech firm’s reported plans to source production of US-bound iPhones from India.The US president said he had a “little problem” with Apple’s Tim Cook, after reports that the iPhone maker is planning to switch assembly of handsets for the US market from China to India. Continue reading...

Politics

2 w. ago MIKEY SMITH: 7 wild and bizarre things Donald Trump did in 24 hours as he threatens Barbie Tax

It's been nearly 24 hours since Donald Trump threatened to slap a 100% tariff on Mattel products - and nobody else has called it the 'Barbie Tax' yet. You're welcome, America

Politics

2 w. ago India Test captain Rohit Sharma steps down before next month’s England series

Decision comes after three poor red-ball series First of five Tests start in June at HeadingleyRohit Sharma has retired from Test cricket, his announcement coming hours after reports emerged that he was to lose India’s red-ball captaincy. The 38-year-old, who quit T20 international cricket after leading India to victory at last year’s World Cup, will continue to represent his country in one-day internationals.“Hello everyone, I would just like to share that I am retiring from Test cricket,” Rohit posted on Instagram. “It’s been an absolute honour to represent my country in whites. Thank you for all the love and support over the years. I will continue to represent India in the ODI format.” Continue reading...

Events

2 w. ago Trump has threatened a 100% tariff on movies made outside the US. Here's what we know

President Donald Trump is threatening to levy all films made outside the U.S. at a steep rate of 100%

Politics

4 w. ago Ironman 70.3 Bolton road closures in full as thousands to compete

Thousands are expected to take part in the events which start on June 6

Politics

4 w. ago Apple to move production of US iPhones from China to India over tariffs – report

Experts have already warned the price of electronics generally, and not just Apple products, are likely to rise.

Politics

4 w. ago China schools Trump on the art of a tariff deal: Don’t threaten us

Donald Trump has announced he’s willing to back way off Chinese tariffs after his levy package hit the stock market, the strength of the dollar, small businesses and American jobs.

Economics