7 h. ago Trump hints at new tariffs for major industry that could send Wall Street reeling as he rips into China

DAILYMAIL.COM LIVE BLOG: President Donald Trump is hinting that new tariffs on a massive industry that could soon go into effect as he rips into China.

Politics

28 h. ago UK and G7 allies look at lowering ‘meaningless’ cap on Russian oil exports

Limit of $100 a barrel said to be ineffective with the price of crude having crashed in response to Trump’s trade warThe UK and its G7 allies are considering tightening the “meaningless” cap on Russian oil export prices after Donald Trump’s trade war caused global oil markets to crash.UK Treasury officials are understood to be looking at plans to lower the $60 (£46) a barrel cap Russianexports after the oil market plunged this week to $59.77 a barrel for the first time in more than four years. Continue reading...

Politics

3 d. ago Voices: Magaland is having its faith tested – maybe St Donald is only human after all

Everyday Americans who voted for Trump to make them rich have had a rude awakening from his market-plunging tariffs, says Jon Sopel

Politics

3 d. ago UK households issued 'act now' warning over £1.40 supermarket staple

US President Donald Trump’s new tariffs could lead to massive price hikes in Britain - with shoppers expecting household items to increase in supermarkets

Events

4 d. ago Nintendo Switch 2 won't launch in China and it's not because of Trump's tariffs

Nintendo Switch 2's preorder rollout has been massively impacted by Trump's tariffs, but that's not why the console has been indefinitely delayed in China — here's all we know

Politics

4 d. ago ALEX BRUMMER: China's furious response is the start of a truly explosive trade war

Strategic analysts have long forecast that the competition for supremacy between the world's economic superpowers, the United States and China , would end in war.

Events

4 d. ago Fox Business reporter says it’s the ‘White House who capitulated’ on tariffs: ‘Let’s be clear’

‘I want to tell you right now that Donald Trump outsmarted the world,’ Charles Gasparino said. ‘But that's not really what happened here’

Economics

5 d. ago I’ve seen many phoney trade wars come and go. This is the real thing | Larry Elliott

This battle between the US and China goes far beyond market turmoil – it has killed off the liberal dream of a borderless world Donald Trump’s decision to impose a 104% tariff on Chinese imports into the US – and China blasting back with 84% – has spooked the financial markets. The response is entirely rational. Over the past few decades, phoney trade wars have been commonplace. Rival nations have squared off against each other, indulged in a bit of sabre-rattling, but eventually agreed on a deal. Headlines that screamed “trade war looms” were quickly replaced by those that read “trade war averted”. This time it’s different. The battle between the US and China prompted by Trump’s tariffs is no pretend trade war. It is the real deal – and it will have real consequences. Tariffs operate as a tax, adding to the costs of doing business and raising prices for consumers. Growth will slow and inflation rates will rise. The global economy was already growing only slowly. As things stand, it...

Events

5 d. ago Trump reveals how American families can PROFIT from market crash: Live updates

President Donald Trump said other world leaders are desperate to deals with him as his tariffs come into effect.

Events

5 d. ago China retaliates with 84% tariffs as Trump says ‘great time to move companies to the US’ – business live

Stock markets down in UK and across Europe after steep declines in Asia, while turmoil spreads to bond market China announces 84% tariffs on all US goods in response to Trump’s 104%Bank of England warns Trump tariffs threaten global growth and raise risk of ‘severe shocks’Today’s tariffs follow Trump’s 10% tariff on all imports from many countries, including Australia, which came into effect at the weekend.US customs agents began collecting the unilateral tariff at US seaports, airports and customs warehouses on Saturday. Today’s measures are higher levies on goods from 57 larger trading partners. Continue reading...

Politics

5 d. ago Trump Treasury Secretary Scott Bessent fires back at 'loser' China in all

President Donald Trump said other world leaders are desperate to deals with him as his tariffs come into effect.

Politics

5 d. ago What do Trump’s 104% tariffs on China mean and who will be affected?

As Trump slaps 104% tariffs on China, Alicja Hagopian and Millie Cooke look at what industries will be hardest hit.

Politics

5 d. ago What does Trump’s 104% tariff on China mean and who will be affected?

As Trump slaps 104% tariffs on China, Alicja Hagopian and Millie Cooke look at what industries will be hardest hit.

Politics

5 d. ago Trump's massive 104% tariff sparks 'bullying' response from China as market plunges

Donald Trump has declared a trade war on the rest of the world after his latest round of tariffs went into full effect at midnight. China has now been slapped with an eye-watering 104%

Politics

5 d. ago Trump's 104% monster tariffs spark more global market meltdowns

More chaos is unfolding on the world's financial markets after Trump announced a huge 104% tariff on China - Asian stocks plummeted overnight and the FTSE is expected to drop again this morning

Politics

5 d. ago China reportedly considering ban on Hollywood films in response to Trump tariffs

The White House has said China will be hit with a tariff rate of 104 percent from tomorrow

Politics

5 d. ago Trump declares 'war with the world' as his 'explosive' tariffs take effect and send global stocks plunging again

Asian shares slipped further today as the latest set of Donald Trump's tariffs took effect including a massive 104 per cent levy on Chinese imports.

Events

5 d. ago Donald Trump ego on full display as he boasts countries 'kissing my a**' to make deals

Donald Trump has claimed that countries are lining up to start negotiating with him after he launched his new trade policies, including a 104% tariff on Chinese goods

Politics

5 d. ago Trump says tariff situation ‘is great’ for midterms as markets continue to tumble

As stock markets around the world continue to drop amid fears over his attempt to blow up the world’s trade system, Donald Trump says the massive import taxes he is imposing on Americans will bring about a massive victory for his Republican Party in next year’s midterm elections.

Politics

5 d. ago Asia markets sink after US hits China with 104% tariff in trade war

China vows to ‘fight to the end’ in trade war, accusing Trump of ‘blackmail’ and ‘economic bullying’

Events