22 m. ago Trump ‘is not going to back off’ from tariff policies, US commerce secretary says – live

Howard Lutnick tells CNN that US president stands by decision to impose sweeping tariffs on nations around the worldUS stock markets tumble as investors shaken by Trump tariffsIn the aftermath of the disastrous debate against Donald Trump that ultimately ended his political career, Joe Biden skipped a White House meeting with the congressional Progressive caucus in favor of a Camp David photoshoot with the fashion photographer Annie Leibovitz, a new book says.“You need to cancel that,” Ron Klain, Biden’s former chief of staff and debate prep leader, told the president, as he advocated securing the endorsement of the group of powerful progressive politicians perhaps key to his remaining the Democratic nominee. Continue reading...

Politics

36 m. ago Should you buy a car now? What to know about rising prices after Trump’s tariffs

Foreign-made cars could see a price increase between $5,000 and $15,000 as a result of the tariffs

Economics

61 m. ago The Guardian view on Trump’s tariffs: a monstrous and momentous act of folly | Editorial

The US president has expelled his own country from the rules-based global trade system that America itself createdFor the world’s already embattled trading system, it is as though an asteroid has crashed into the planet, devastating everyone and everything that previously existed there. But there is this important difference. If an asteroid struck the Earth, the impact would at least have been caused by ungovernable cosmic forces. The assault on world trade, by contrast, is a completely deliberate act of choice, taken by one man and one nation.Donald Trump’s decision to impose tariffs on every country in the world is a monstrous and momentous act of folly. Unilateral and unjustified, it was expressed on Wednesday in indefensible language in which Mr Trump described US allies as “cheaters” and “scavengers” who “looted”, “raped” and “pillaged” the US. Many of the calculations on which Mr Trump doled out his punishments are perverse, not least the exclusion of Russia from the cond...

Politics

81 m. ago Unhinged Donald Trump issues bizarre 'PATIENT LIVED' rant after 'Liberation Day' tariffs bombshell

Donald Trump launched a bizarre rant claiming the 'patient lived, and is healing' after unveiling punitive tariffs on all imports - but his move has sent US financial markets into meltdown

Politics

81 m. ago Donald Trump in unhinged 'patient lived' rant after 'Liberation Day' tariffs bombshell

Donald Trump launched a bizarre rant claiming the 'patient lived, and is healing' after unveiling punitive tariffs on all imports - but his move has sent US financial markets into meltdown

Politics

86 m. ago Exclusion from Trump's tariffs reduces premium of New York precious metals over London

Exclusion from Trump's tariffs reduces premium of New York precious metals over London  Reuters

Politics

93 m. ago RICHARD LITTLEJOHN: Tariffs. I'm with Trump, the most Anglophile President in our lifetime. He's thrown Starmer a lifeline he doesn't deserve

Donald Trump dealt Keir Starmer a gold-plated Get Out Of Jail Free card when he dropped his global tariff bomb.

Politics

99 m. ago Trump ally likens BBC host to ‘kindergartener’ over tariffs question before threatening to walk out of interview

Donald Trump's ally Sebastian Gorka compared the BBC's Victoria Derbyshire to a kindergartener during a heated interview.

Politics

1 hour ago Donald Trump puts tariffs on uninhabited islands home only to penguins

The islands have no human inhabitants and no imports or exports

Politics

1 hour ago Trump imposes tariffs on remote islands near Antarctica home only to penguins

The US president has imposed tariffs on a number of tiny territories, some of which do not even have human inhabitants.

Politics

1 hour ago Labour tries to seem in control while The Donald unleashes chaos on the world | John Crace

Underneath the measured words you could almost smell the panic as the government scrambled to come up with a plan to respond to Trump’s tariffsWith characteristic humility and good grace Hardly.Shortly after 9pm UK time on Wednesday, the Sun-Bed King made his way to the White House Rose Garden, looking every bit the dishonest bookie as he held up a board with every country’s separate tariff. He might as well have been signposting the odds on a global recession. Continue reading...

Events

2 h. ago Macron suggests pause on US investment as EU leaders condemn Trump tariffs

Von der Leyen calls tariffs ‘a major blow to world economy’ while calling for last-ditch negotiationsEuropean leaders have condemned Donald Trump’s tariffs as “fundamentally wrong” and creating an “immense difficulty for Europe”, while appealing for last-ditch negotiations to avert an all-out trade war.The French president, Emmanuel Macron, said Trump’s decision to impose tariffs was “brutal and unfounded” and appeared to call for a suspension of French investment in the US until the tariffs were clarified. Continue reading...

Politics

2 h. ago US President Donald Trump's tariff bombshell wipes £2TRILLION off global stock markets

Financial markets have been rocked by fears President Trump's trade tariffs could lead to recessions around the world, as one expert warned of "full-scale economic warfare

Economics

2 h. ago Labour MP on Trump Tariffs: Britain needs to "keep calm and carry on"

Veteran and MP Mike Tapp commended Keir Starmer’s “statesman-like approach” to handling Trump’s tariffs

Politics

2 h. ago Sir Keir Starmer says trade war with Trump would be 'bad for working people'

President Donald Trump slapped a 10% tariff on exports to the US during his 'liberation day' announcement

Politics

2 h. ago Will Trump’s tariffs ignite a global trade war? Today in Focus Extra – podcast

Donald Trump has introduced eye-watering tariffs on countries around the world. Will they ‘make America wealthy again’? Richard Partington reportsDonald Trump is on a mission to ‘make America wealthy again’. Speaking outside the White House, he said for too long the country had been ‘looted, pillaged, raped and plundered by nations near and far, both friend and foe alike’. Now that would come to an end, he said, as he slapped eye-watering tariffs on countries around the world.The Guardian’s senior economics correspondent, Richard Partington, explains why Trump has taken such action and how it could affect the global economy. ‘It could come at huge costs to consumers,’ he says, as markets around the world react with confusion. With prices in the US also likely to rise, will voters soon rue what the president has called ‘liberation day’? Continue reading...

Politics

2 h. ago UK threatens to retaliate to Trump’s tariffs and draws up 400

The government draws up a 417-page list of products to target with import taxes in retaliation against Donald Trump’s tariffs on British goods

Politics

2 h. ago US stock market plunges after Trump tariffs with S&P 500 losing nearly 4%

The S&P 500 was on track for its worst day since September 2022

Politics

2 h. ago EU leaders condemn Trump’s ‘catastrophic’ tariffs as trade war opens up

EU leaders look to take steps to counter the 20 per cent tariffs on exports to the US brought in by Donald Trump

Politics

3 h. ago Tiny landlocked country will be destroyed by Trump’s highest tariff, analyst warns

The kingdom is one of the world's poorest nations with a gross domestic product of just over $2 billion

Events