6 h. ago Trump to step up tariff pressure with letters to trade partners on new rates

US president appears to be losing patience, with only two deals agreed ahead of July 9 deadline

Politics

10 h. ago Trump says US will send letters setting tariff rates to trading partners

About ‘10 or 12’ will go out on Friday to those without deal in place, then more over next few daysBusiness live – latest updatesDonald Trump has said that the US will start sending out letters to trading partners on Friday setting tariff rates that countries will have to pay from the beginning of next month.The US president told the media that about “10 or 12” letters would be sent out initially, with further letters sent out over the “next few days”. Continue reading...

Politics

10 h. ago Trump says US to start sending tariff rates letters to trading partners

Letters to be sent to countries without a deal in place before end of 90-day pause on 9 JulyBusiness live – latest updatesDonald Trump has said the US will start sending letters to trading partners setting out tariff rates that countries will have to pay from the beginning of next month.The US president told the media that about “10 or 12” letters would be sent out on Friday, with further letters sent out over the “next few days”. Continue reading...

Politics

18 h. ago Voters now say its Trump’s economy as they pin current economic conditions on him over Biden

The Trump administration has set a July 9 deadline for new tariff rates with numerous international trading partners

Politics

27 h. ago Democratic leader speaks for more than five hours on House floor as Republicans aim to vote on Trump’s major tax bill – live

Hakeem Jeffries delays final vote after Republican-controlled House advanced Trump’s sweeping tax bill in a late-night procedural voteTrump’s tax bill passes step in House, paving way for legislationWhat’s in Trump’s major tax bill?Jeffries has just passed the five-hour mark and has no intention of stopping: “We still got some ground to cover.”“We are going to continue as Democrats to take our sweet time on behalf of the American people because the issues are too significant to ever walk away from,” Jeffries said, to cheers from the Democrats in the chamber. Continue reading...

Politics

28 h. ago Democratic leader speaks for more than four hours on House floor as Republicans aim to vote on Trump’s major tax bill – live

Hakeem Jeffries delays final vote after Republican-controlled House advanced Trump’s sweeping tax bill in a late-night procedural voteTrump’s tax bill passes step in House, paving way for legislationWhat’s in Trump’s major tax bill?“I’m still here to take my sweet time”Hakeem Jeffries continues to hold the House floor, joking about the fact that he has unlimited time to speak because of his role as Democratic leader. Continue reading...

Politics

33 h. ago Trump’s big beautiful bill passes step in House, paving way for legislation

Key rule finally approved at 4am in Washington DC after lawmakers’ objected to provisions and costUS politics – live updatesDonald Trump’s signature tax-and-spending bill has passed a procedural step in the US House of Representatives, paving the way for the possible passage of the legislation later in the day.The House speaker, Mike Johnson, is determined to pass the bill as soon as possible, but had been frustrated by lawmakers – Democrats but also a handful of Republicans – who object to its provisions and overall cost. Overnight, they had blocked the House from approving a rule, which was necessary to begin debate on the measure and set the stage for its passage. Continue reading...

Politics

4 d. ago As trade deal deadline looms, Trump says he’ll write letters to countries about tariffs: ‘Dear Mr Japan, here’s the story’

President and his administration promised 90 trade deals in 90 days, a deadline that falls on July 8

Economics

2 w. ago The Army is set to celebrate 250 years with a parade that coincides with Trump's birthday

The massive military parade that President Donald Trump has long wanted is set to step off from the Lincoln Memorial with tanks, bands and thousands of troops

Politics

3 w. ago The Guardian view on Trump and deportation protests: the king of confected emergencies | Editorial

Strongmen love inventing or exploiting crises to justify extreme measures and extended power. The US is taking another step towards authoritarianismDonald Trump will celebrate his birthday with a North Korean-style military parade costing tens of millions of dollars this weekend. He has gratefully accepted the early gift of the demonstrations, which have spread across the country, with more scheduled for Saturday. The president’s immigration crackdown spurred overwhelmingly peaceful protests in Los Angeles. Ordering in troops, over the governor’s head, then inflamed the situation and allowed the agent of chaos to portray himself as its nemesis once more.Mr Trump has diverted attention from his rift with Elon Musk, the stalling of his “big, beautiful” tax and spending bill, the court-ordered return of the wrongly deported Kilmar Ábrego García and the impending impact of tariffs. But underlying the manufactured crisis is a deeper agenda: reigniting fear of undocumented migrants, deleg...

Politics

3 w. ago Stock markets rise after US and China agree framework deal to restore trade war truce – business live

Rolling coverage of the latest economic and financial newsUS-China trade talks: ‘framework’ deal amid dispute over rare earthsRichard Hunter, head of markets at interactive investor, says this week’s talks in London between the US and China “represent progress”, despite the lack of detail about what was agreed:“Apparently constructive talks between the US and China have put markets on a firmer footing, as investors hope that the worst of the tariff turbulence may have passed.Details of the framework which has been agreed in principle were patchy and in any event yet to be signed off by both Presidents. Chinese exports of rare earth minerals are likely to have been high on the agenda, although at this stage it has not become apparent what China may have negotiated in return.“Markets will likely welcome the shift in tone from confrontation to coordination. But with no further meetings scheduled, we’re not out of the woods yet. The next step depends on Trump and Xi endorsing and enforc...

Economics

3 w. ago LA protests live: ‘Mass arrests’ after curfew begins as Trump mulls sending troops to other cities

A Trump-ordered battalion of U.S. Marines is set to step foot in Los Angeles Wednesday morning as unrest continues for a sixth day

Events

3 w. ago LA protests live updates: California governor warns Trump’s support for his arrest is ‘step toward authoritarianism’

California Governor Gavin Newsom says he is working to ‘clean up Trump’s mess’ as protests against immigration raids in LA continued overnight

Events

3 w. ago California governor says Trump support for his arrest is ‘unmistakable step toward authoritarianism’ – LA protests live

Gavin Newsom responds to US president’s suggesting he would back arresting him; Trump ramps up verbals attacks on people protesting against Ice raidsLA braces for fourth day of protests against immigration raidsAbout 300 Guard troops have been deployed to LA so far.President Donald Trump earlier said he would deploy 2,000 California National Guard troops to Los Angeles to respond to immigration protests, despite the objections of California governor Gavin Newsom. Continue reading...

Events

4 w. ago Procter & Gamble to cut up to 7,000 jobs amid economic and tariff pressure

The Tide detergent and Pampers maker plans global restructuring as US consumers pull back and trade costs riseProcter & Gamble will cut up to 7,000 jobs, or approximately 6% of its global workforce, in the next two years as the maker of Tide detergent and Pampers diapers wrestles with tariff-related costs and customers who have grown anxious about the economy. The job cuts, announced at the Deutsche Bank consumer conference in Paris on Thursday, make up about 15% of its current non-manufacturing workforce, said chief financial officer Andre Schulten. “This restructuring program is an important step toward ensuring our ability to deliver our long-term algorithm over the coming two to three years,” Schulten said. “It does not, however, remove the near-term challenges that we currently face.” Procter & Gamble, based in Cincinnati, had approximately 108,000 employees worldwide in June 2024. The cuts are part of a broader restructuring program. Procter & Gamble will also end ...

Economics