1 hour ago China exports beat expectations despite slump in trade with US

April trade data comes the day before representatives from Washington and Beijing were set to meet to discuss Trump’s tariffsChinese trade with the United States slumped in April even as its total exports beat forecasts, official figures show, as trade representatives from both nations prepared to meet this weekend in the midst of a gruelling trade war between the superpower rivals.Exports to the United States – one of China’s top trading partners – fell 17.6% in April, data showed. Against that backdrop, analysts polled by Bloomberg had expected exports to rise just 2% year-on-year last month. However they beat expectations, coming in at 8.1%. Continue reading...

Politics

1 hour ago Commerce Secretary Howard Lutnick gloats about baffling UK trade deal

American consumers are still going to be hit with higher prices from Trump’s 10 percent tariffs on British products

Economics

4 h. ago Trump threatens Mattel with 100% tariffs as doll fallout escalates: ‘He won’t sell one toy in the US’

Mattel CEO said tariffs will not increase toy production inside the US

Politics

7 h. ago Trump hails Brexit for making UK trade deal possible: Inside astonishing day that saw President blindside Starmer during Arsenal match and resulted in Tories deriding 'Diet Coke' agreement

The deal, which President Trump said was only possible 'because of Brexit ', will cut US tariffs on cars imported from the UK from 25 per cent to 10 for the first 100,000 vehicles.

Politics

7 h. ago Trump names Fox News host and former judge Jeanine Pirro as top federal prosecutor in DC – US politics live

Pirro to serve as interim attorney for Washington DC after it became clear Ed Martin would not pass Senate confirmation The winners and losers of Trump’s first tariff war strongly suggest that bankruptcies and farm consolidation could surge during his second term, with major corporations best placed to benefit from his polices at the expense of independent farmers.New analysis by the non-profit research advocacy group Food and Water Watch (FWW), shared exclusively with the Guardian, shows that Trump’s first-term tariffs were particularly devastating for farmers in the Maga rural heartlands. Continue reading...

Politics

8 h. ago Trump’s chief trade adviser says Britons will like chlorinated chicken and hormone

Peter Navarro also says UK and US still negotiating over digital services tax – a policy Trump is deeply opposed to The winners and losers of Trump’s first tariff war strongly suggest that bankruptcies and farm consolidation could surge during his second term, with major corporations best placed to benefit from his polices at the expense of independent farmers.New analysis by the non-profit research advocacy group Food and Water Watch (FWW), shared exclusively with the Guardian, shows that Trump’s first-term tariffs were particularly devastating for farmers in the Maga rural heartlands. Continue reading...

Politics

9 h. ago Trump and new German chancellor speak and agree on need to resolve trade disputes – live

Two leaders spoke shortly after Friedrich Merz warned US politicians to ‘stay out of’ Germany’s politics, according to German spokespersonThe winners and losers of Trump’s first tariff war strongly suggest that bankruptcies and farm consolidation could surge during his second term, with major corporations best placed to benefit from his polices at the expense of independent farmers.New analysis by the non-profit research advocacy group Food and Water Watch (FWW), shared exclusively with the Guardian, shows that Trump’s first-term tariffs were particularly devastating for farmers in the Maga rural heartlands. Continue reading...

Politics

10 h. ago This historic US trade deal is a personal victory for Keir Starmer

Editorial: In persuading Donald Trump to be fair to Britain, the prime minister has succeeded where Brexiteers failed. He is to be congratulated

Economics

11 h. ago Trump’s ‘concepts of a plan’ trade deal with the United Kingdom won’t save him

New trade agreement is more of a way for him to save face than an all-encompassing deal, writes Eric Garcia

Politics

11 h. ago Solution to get food and aid to Gaza is ‘steps away’, US state department says – live

Gaza is on the brink of catastrophe after two months of a total blockade by Israel, aid workers say, with many families down to one meal a dayThe winners and losers of Trump’s first tariff war strongly suggest that bankruptcies and farm consolidation could surge during his second term, with major corporations best placed to benefit from his polices at the expense of independent farmers.New analysis by the non-profit research advocacy group Food and Water Watch (FWW), shared exclusively with the Guardian, shows that Trump’s first-term tariffs were particularly devastating for farmers in the Maga rural heartlands. Continue reading...

Society

11 h. ago Flattery gets Starmer somewhere as The Donald stays awake to toot tariff deal | John Crace

Sycophancy stops Trump from dozing off as PM and co hail victory – or at least getting what they could getThree days ago, Donald Trump promised an announcement that would be very possibly the greatest announcement in the whole history of announcements. Come Thursday morning, he said the US and the UK had reached a full and comprehensive trade deal.I guess a lot depends on what you mean by the words “greatest announcement” and “full and comprehensive”. As details of the deal began to emerge, it rather looked as if the UK had managed to negotiate a worse deal with the US than we had even two months ago. One that was hardly transformative. Just reversing some of the damage that had been done to the UK by the US starting a global trade war. Tariffs as a protection racket. Continue reading...

Economics

12 h. ago Trump slashes tariffs for UK cars and steel as Britain opens up its markets to more US beef in trade deal

The US president said it was a 'very big and exciting day' for America and Britain

Economics

12 h. ago ‘We can’t let it go down the drain like Detroit’: Jon Voight is Trump’s Hollywood ally looking to save US production

Voight insists plan including movie tariffs got better reaction from industry than headlines would suggest

Politics

12 h. ago Months of talks, then a late scramble: how the UK finally struck a US trade deal

Sir Keir Starmer welcomed agreement to blunt impact of Donald Trump’s tariffs

Economics

13 h. ago Tories accuse Starmer of 'shafting' Britain with US trade deal: Trump lowers tariffs on car and steel exports to America while US farmers get access to Britain

Donald Trump said the agreement would be 'really good' for both sides - as British businesses hope for relief from his brutal tariffs.

Economics

14 h. ago Tories accuse Starmer of 'shafting' Britain with US trade deal: President lowers tariffs on car and steel exports to America while US farmers get access to Britain

Donald Trump said the agreement would be 'really good' for both sides - as British businesses hope for relief from his brutal tariffs.

Economics

14 h. ago Trump slashes tariffs for UK cars and steel but trade deal row looms on US beef imports to Britain

The US president said it was a 'very big and exciting day' for America and Britain

Economics

15 h. ago Trump unveils first deal since launching trade war with multi

Trump called the deal, which does lift the baseline 10 percent tariff, ‘comprehensive’

Politics

15 h. ago Car tariffs cut to 10% on US exports says Starmer, after signing Trump trade deal – UK politics live

PM says deal will ‘save thousands of jobs in Britain’ and tariffs on steel and aluminium have been cut to zeroStarmer and Trump to announce UK-US trade dealThe Liberal Democrats treasury spokesperson Daisy Cooper has reiterated the party’s position that any trade deal with the US should be put to parliament for approval before being ratified, saying Labour “should not be afraid” of a vote if they are confident a deal is in the country’s best interests.Cooper, the MP for St Albans, said in a statement:Parliament must be given a vote on this US trade deal so it can be properly scrutinised.A good trade deal with the US could bring huge benefits, but Liberal Democrats are deeply concerned that it may include measures that threaten our NHS, undermine our farmers or give tax cuts to US tech billionaires.If it’s correct, and you know, whilst we haven’t been named publicly, it does sound like something’s happening, nevertheless, it would be wholly speculative [to comment].As you appreciate ...

Politics

16 h. ago Trump revealing ‘full and comprehensive’ trade deal with UK in first major announcement since starting global trade war

Thursday’s announcement will mark the first major global trade deal since Trump unveiled sweeping tariffs in April

Politics