17 h. ago Trump gets aggressive in tariff push: Canada threats, blanket rates and ‘TACO’ create uncertainty for future

America’s trading partners brace for another series of tariff proposals that have blindsided allies

Politics

17 h. ago Trump's 50% tariff on Brazilian goods like coffee and orange juice could drive up US breakfast costs

President Donald Trump’s threat to boost import taxes by 50% over Brazilian goods could drive up the cost of breakfast in the United States

Politics

19 h. ago Enduring confusion is the only certainty amid Trump’s latest tariff threats

Experts suspect ‘front loading’ of activity may mask deeper impact of tariffs on the US economy“There has been no change to this date, and there will be no change,” Donald Trump said on his Truth Social platform this week. “All money will be due and payable starting AUGUST 1, 2025 – no extensions will be granted.”There had, in fact, been a change. The 90-day “pause” on the highest tariffs threatened by Trump on his so-called “liberation day” in April elapsed on Wednesday. But with just three trade agreements in place, instead of the 300 once promised, the White House had switched one deadline for another. Continue reading...

Politics

22 h. ago Shunned Myanmar leader thrilled at US contact after Trump tariff letter

Min Aung Hlaing expresses ‘sincere appreciation’ for letter from US president threatening 40% tariffMyanmar’s military leader has praised Donald Trump and asked him to lift sanctions, as the junta sought to capitalise on a tariff letter from the US president believed to be Washington’s first public recognition of its rule.Min Aung Hlaing, who has been in power since a 2021 coup, expressed his “sincere appreciation” for Trump’s letter, which threatened a tariff of 40% on its goods, and commended the US president for his “strong leadership” and for guiding the US “toward national prosperity with the spirit of a true patriot”. Continue reading...

Politics

28 h. ago Trump announces 35% tariffs on Canadian goods and threatens blanket increases on the rest of the world

The two nations have been locked in deep negotiations trying to settle the tariff war that broke out when Trump returned to office and announced plans to upend world trade.

Politics

32 h. ago Trump threatens 35% tariff on Canadian goods and says he may double what other nations are charged

Trump is playing hardball with countries that have yet to make a trade deal with him

Politics

32 h. ago US will impose 35% tariffs on Canadian imports, Trump says in letter

New levies, apart from the 25% on auto parts and 50% on steel and aluminum, will come into effect on 1 AugustDonald Trump has said the US will impose a 35% tariff on imports from Canada next month and threatened to impose blanket tariffs of 15% or 20% on most other trade partners.In a letter released on his social media platform, Trump told Mark Carney, the Canadian prime minister, the new rate would go into effect on 1 August and would increase if Canada retaliated. Continue reading...

Politics

33 h. ago Rubio in bind as he seeks to reassure Asia, even as region faces punishing Trump tariffs

Questions over US commitment to the region coupled with Trump’s tariff polices could be a boon to ChinaEven as they face among the most punitive tariffs globally, US secretary of state Marco Rubio has sought to reassure southeast Asian nations of Washington’s commitment to the region, saying countries there may get “better” trade deals than the rest of the world.In his first official visit to Asia, Rubio met foreign ministers of the 10-member Association of Southeast Asian Nations (Asean) in Malaysia on Thursday, telling his counterparts the US has “no intention of abandoning” the region. His visit came days after president Donald Trump renewed his threat to impose severe tariffs across many southeast Asian countries if they did not strike deals by 1 August. Continue reading...

Politics

40 h. ago Lula threatens 50% tariff on US goods in retaliation for Trump levy on Brazil

Brazilian president says ‘if he charges us 50%, we’ll charge him 50%’ after Trump cited trial of Bolsonaro to justify tariffBrazil threatened to hit back against Donald Trump’s plan to introduce 50% tariffs on its exports with its own 50% tariff on US goods, setting the stage for a precipitous trade war.“If he charges us 50%, we’ll charge him 50%,” Luiz Inácio Lula da Silva, the Brazilian president, told local news outlet Record, a day after Trump threatened to impose steep duties on Brazilian goods and accused the country of conducting a “witch-hunt” against its former president Jair Bolsonaro, who is facing a trial over his attempt to overturn his 2022 election defeat. Continue reading...

Politics

47 h. ago Market volatility recedes as investors brush off Trump’s tariff threats

‘Taco trade’ dominates as stocks, bonds and currencies remain calm

Economics

58 h. ago Trump slaps 50% tariff on Brazil as punishment for 'witch hunt' trial against ex

Trump fired off a furious letter to Brazilian President Luiz Inácio Lula da Silva on Wednesday laying out the details of his new tariff.

Politics

61 h. ago Trump announces 50% tariff on Brazil, citing what he claims is a ‘witch

US president slaps tariff on Brazil and complains about treatment of Brazil’s former president, who is facing trial over an alleged coup attemptTrump targets Brunei, Libya and Moldova with latest threat of US tariffsTrump says Bolsonaro ‘not guilty of anything’ amid Brazil coup trialThe US justice department has sued California over state policies allowing transgender athletes to compete in girls’ school sports, alleging that allowing them to do so violates federal anti-discrimination laws.The lawsuit, filed in federal court in Los Angeles, claims that California’s policies violate Title IX, which affords legal protection against sex discrimination.Our Fed Rate is AT LEAST 3 Points too high. “Too Late” is costing the U.S. 360 Billion Dollars a Point, PER YEAR, in refinancing costs. No Inflation, COMPANIES POURING INTO AMERICA. “The hottest Country in the World!” LOWER THE RATE!!!ANYBODY BUT “TOO LATE.”In effect, we went on hold when we saw the size of the tariffs and essentially all...

Politics

63 h. ago TACO returns to Wall Street: Investors shrug off Trump’s latest tariff threat as nickname sets the investor’s mood

Experts weigh in on whether Trump will carry out his latest threat – and the consensus is that the uncertainty looming over the U.S. economy can’t continue, Rhian Lubin reports

Economics

67 h. ago Trump delayed his tariff deadline after Treasury Secretary pleaded for more time to get deals done, report says

Treasury boss talked Trump into yet another multi-week reprieve

Economics

69 h. ago Trump defends tariffs as more trade announcements expected – live updates

President Donald Trump said that there would be more trade-related announcements this morningSources in the European Union, which Donald Trump said could expect a letter regarding its tariff deal in the next 48 hours, said they believed a framework agreement would be reached this week. The agreement is expected to include headline tariff arrangements for a limited number of sectors including cars, steel and medical devices.The German chancellor, Friedrich Merz, told the Bundestag today: “I am cautiously optimistic that we can succeed in reaching an agreement with the US in the next few days, by the end of the month at the latest.” Continue reading...

Politics

2 d. ago Bank of England says UK banks can increase riskier mortgage lending – business live

Rolling coverage of the latest economic and financial news, as BoE recommends banks can issue more high loan-to-income level loansCopper prices in US hit record high after Trump announces 50% tariffTrump threatens to escalate trade war amid confusion over new tariff ratesCarsten Menke, Head of Next Generation Research at Julius Baer, says the copper tariffs will be inflationary domestically in the US and deflationary internationally – which matches the price action we’ve seen since last night.Menke also points out that the jump in US copper prices (13% yesterday) is less than the 50% tariff, implying traders expect some imports will be exempt, saying:President Trump announced the imposition of 50% import tariffs at a cabinet meeting yesterday. While US-traded futures jumped on the news, the price differential is well below the tariff level, pointing to expectations of exemptions for key suppliers or expectations of different demand dynamics.As already mentioned, we remain of the con...

Economics

3 d. ago Copper prices in US hit record high after Trump announces 50% tariff

Latest escalation in trade war is expected to push up costs across key parts of US economyBusiness live – latest updatesCopper prices hit a record high in the US after Donald Trump announced he would impose a 50% tariff on the industrial metal, in the latest escalation in his trade war.Trump said before a cabinet meeting on Tuesday: “Today we’re doing copper,” proposing a 50% tariff rate for imports. He also threatened to impose a 200% border tax on pharmaceuticals but in a year or year and a half’s time. Continue reading...

Politics

3 d. ago Trump's mooted copper tariff widens New York–London price dislocation

Trump's mooted copper tariff widens New York–London price dislocation  MarketWatch

Politics

3 d. ago Russia launches major attack on Ukraine after Trump’s criticism of Putin – Europe live

Ukrainian president Volodymyr Zelenskyy said Russia attempted to strike 741 targets with 728 drones and 13 missilesVon der Leyen also spoke about the prospects for the EU-US tariff deal after last night’s comments by Trump that a US proposal should be ready within the next two days.She said the US imposed tariffs were “unprecedented,” and insisted the bloc preferred “a negotiated solution” to avoid them in the future. Continue reading...

Politics

3 d. ago Copper Futures in London Drop as Trump Plans 50% Import Tariff

Copper Futures in London Drop as Trump Plans 50% Import Tariff  MSN

Politics