33 h. ago FTSE suffers biggest daily drop since early in the pandemic as Wall Street slides again – business live

Global trade war escalates as Beijing hits back against Donald Trump with new tariffs on US goodsChina retaliates to Trump’s ‘bullying practice’ with 34% tariffs on US importsIMF warns of ‘significant risk’ to global economy from Trump tariffs as markets slideAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsNew Civil Liberties Alliance, a conservative legal group, has filed what it says is the first lawsuit seeking to block Donald Trump’s tariffs on Chinese imports, saying the US president overstepped his authority. Reuters reports:The lawsuit, filed in federal court in Florida, alleges that Trump lacked the legal authority to impose the sweeping tariffs unveiled on Wednesday as well as duties authorized on February 1 under the International Emergency Economic Powers Act.“By invoking emergency power to impose an across-the-board tariff on imports from China that the statute does not authorize, President Trump has misused that power, usurped Congress’s right ...

Economics

37 h. ago From Nike to Apple: which US brands could be hit hardest by Trump tariffs and what’s at stake?

Companies with suppliers in Asian countries are likely to have to raise prices after the US president’s measuresBusiness live – latest updatesDonald Trump’s “liberation day” tariff war has so far wiped trillions off the market value of publicly traded companies, with the sweeping border taxes of up to 50% poised to wreak havoc on businesses across the world.US-based global brands from Nike to Apple have suffered some of the heaviest falls in share price and market value, as investors react to fears of price increases and a potential slowdown in consumer spending. Here, we examine some of the most exposed industries and brands. Continue reading...

Politics

38 h. ago Stock markets plunge as China announces retaliatory 34% tariffs on US goods – business live

Global trade war escalate as Beijing hits back against Donald Trump with new tariffs on US goodsIMF warns of ‘significant risk’ to global economy from Trump tariffs as markets slideGlobal markets in turmoil as Trump tariffs wipe $2.5tn off Wall StreetAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsNew Civil Liberties Alliance, a conservative legal group, has filed what it says is the first lawsuit seeking to block Donald Trump’s tariffs on Chinese imports, saying the US president overstepped his authority. Reuters reports:The lawsuit, filed in federal court in Florida, alleges that Trump lacked the legal authority to impose the sweeping tariffs unveiled on Wednesday as well as duties authorized on February 1 under the International Emergency Economic Powers Act.“By invoking emergency power to impose an across-the-board tariff on imports from China that the statute does not authorize, President Trump has misused that power, usurped Congress’s right to contro...

Economics

42 h. ago FTSE 100 hits lowest level since January as IMF warns Trump tariffs ‘a significant risk’ to global economy – business live

Kristolina Georgieva warns against retaliation to US levies while US president insists ‘markets will boom’ after sweeping tariff announcementGlobal markets in turmoil as Trump tariffs wipe $2.5tn off Wall StreetAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsNew Civil Liberties Alliance, a conservative legal group, has filed what it says is the first lawsuit seeking to block Donald Trump’s tariffs on Chinese imports, saying the US president overstepped his authority. Reuters reports:The lawsuit, filed in federal court in Florida, alleges that Trump lacked the legal authority to impose the sweeping tariffs unveiled on Wednesday as well as duties authorized on February 1 under the International Emergency Economic Powers Act.“By invoking emergency power to impose an across-the-board tariff on imports from China that the statute does not authorize, President Trump has misused that power, usurped Congress’s right to control tariffs, and upset the Constitution’s ...

Events

63 h. ago Trump live: Apple and Tesla stocks drop in wake of ‘Liberation Day’ as Republicans defy president over tariffs

President Trump says he will impose blanket tariffs on all countries, hitting China and Europe hardest

Politics

65 h. ago Trump live: Apple stocks tumble in response to ‘Liberation Day’ as senior Republicans speak out on tariffs

President Trump says he will impose blanket tariffs on all countries with ‘worst offenders’ including China and Europe facing much higher rates

Politics

2 d. ago Trump news at a glance: sweeping tariffs announced; Musk could be nearing end of role

Trump announces ‘reciprocal’ tariffs on largest US trading partners; Elon Musk may leave government role at end of 130-day cap. Here’s your roundup of key US politics stories from 2 April 2025Donald Trump announced sweeping tariffs on some of its largest trading partners on Wednesday, upending decades of US trade policy and threatening to unleash a global trade war on what he has dubbed “liberation day”.Trump said he will impose a 10% universal tariff on all imported foreign goods in addition to “reciprocal tariffs” on a few dozen countries, charging additional duties onto countries that Trump claims have “cheated” America. Continue reading...

Politics

3 d. ago ‘War’ and ‘pain’: what the papers say about Donald Trump’s trade tariffs

The US president has announced new taxes on imports to the US starting at a baseline of 10% – here is the front-page reaction in BritainDonald Trump’s tariff “day of liberation” arrived with the US president imposing markups on imports while accusing other nations, including allies, of “looting, pillaging, raping and plundering” the US.The UK got off relatively lightly with the basic 10%. Here is how major British newspapers see it. Continue reading...

Politics

3 d. ago Five places on Donald Trump’s Liberation Day Tariff chart you may not have heard of

Tariffs against the UK, EU, China and other major economies made the headlines - but a smaller territories also made the list

Politics

3 d. ago Donald Trump liberates Americans from their retirement savings with tariff gamble

ANALYSIS: Trump’s decision to impose a wave of tariffs on dozens of countries fulfills one promise of his campaign, while breaking another, writes Richard Hall

Politics

3 d. ago Trump’s tariff gamble may inadvertently liberate Americans from their retirement savings

ANALYSIS: Trump’s decision to impose a wave of tariffs on dozens of countries fulfills one promise of his campaign, while breaking another, writes Richard Hall

Politics

3 d. ago There is now only a slim chance that a global recession can be averted

Editorial: Decades of painstaking work to establish rules for international trade are being undone by the stroke of a presidential Sharpie. To restore order, something akin to a peace process will be needed

Politics

3 d. ago Donald Trump sparks global trade war as UK caught in 'Liberation Day' tariff blitz

US President Donald Trump set out plans for vengeance against nations he claimed had 'ripped off' US taxpayers, saying: 'Our country has been looted, pillaged, raped, plundered'

Events

3 d. ago Donald Trump declares global trade war as UK caught in 'Liberation Day' tariff blitz

US President Donald Trump set out plans for vengeance against nations he claimed had 'ripped off' US taxpayers, saying: 'Our country has been looted, pillaged, raped, plundered'

Events

3 d. ago Trump announces sweeping new tariffs, upending decades of US trade policy

President to impose ‘reciprocal’ tariffs on largest trading partners and says new charges will bring about ‘golden age’Business live – latest updatesDonald Trump announced sweeping tariffs on some of its largest trading partners on Wednesday, upending decades of US trade policy and threatening to unleash a global trade war on what he has called “liberation day”.Trump said he will impose a 10% universal tariff on all imported foreign goods in addition to “reciprocal tariffs” on a few dozen countries, charging additional duties onto countries that Trump claims have “cheated” America. Continue reading...

Politics

3 d. ago Trump’s ‘liberation day’ is here. What do his tariffs mean for Americans?

Economists fear the president’s escalating trade war could have a damaging ripple effect that drives up prices

Politics

3 d. ago Trump ‘Liberation Day’ live: President to unveil tariff plan from Rose Garden as world braces for its economic impact

All eyes are on President Trump as he prepares to reveal the next phase of his sweeping tariff agenda, leaving global markets fearing a trade war

Politics

3 d. ago Trump liberation day live: President set to unveil secret tariff plan as world braces for its economic impact

All eyes are on President Trump as he prepares to reveal the next phase of his sweeping tariff agenda, leaving global markets fearing a trade war

Politics

3 d. ago UK entering difficult period as country awaits Trump Liberation Day, minister warns

The UK is entering a difficult period as the country awaits Donald Trump’s tariff announcement on “Liberation Day”, a Labour minister has warned.

Politics

4 d. ago Trump live: ‘Liberation Day’ tariff plans remain under wraps despite president saying he’s ‘settled’ on strategy

Global markets brace for Trump’s impending announcement of his reciprocal dollar-for-dollar tariff agenda

Politics