14 h. ago European markets suffer losses after Trump ‘recommends’ 50% tariff on EU, and threatens Apple with 25% tariff – business live

US president Donald Trump reignites trade war with threat to impose high tariffs on European goods, and Apple iPhones made overseasTrump says he is hitting EU with 50% tariff as trade talks are ‘going nowhere’As well as cutting UK energy costs (see earlier), Donald Trump can also take credit for growing the German economy!New GDP data this morning shows that Germany’s GDP rose by 0.4% in January-March, twice as fast as the first estimate of 0.2% growth in the quarter.“The reason for the slightly higher growth compared to the initial estimate was the surprisingly positive economic development in March.”“In particular, production in the manufacturing sector and exports performed better than initially expected.The German economy had its best quarterly performance since the third quarter of 2022, and the reason for it seems to be Donald Trump. As a result of the announced tariffs and in anticipation of ‘Liberation Day,’ German industrial production and exports surged in March.Net export...

Economics

16 h. ago Stock markets plunge after Trump reignites trade war risk with threat of 50% tax on EU goods

US president’s fresh plan wipes billions off shares in UK, US, France, Germany Spain and Italy

Events

18 h. ago Markets tank as Trump moves to impose crippling 50% tariff on Europe

Donald Trump is threatening new crippling tariffs on the European Union after trade negotiations have gone south.

Politics

19 h. ago Trump launches crippling tariffs on 'very difficult' Europe in new trade war escalation

Donald Trump is threatening new crippling tariffs on the European Union after trade negotiations have gone south.

Politics

20 h. ago Trump ‘recommending’ 50% tariff on EU, and threatens Apple with 25% tariff – business live

US president Donald Trump reignites trade war with threat to impose high tariffs on European goods, and Apple iPhones made overseasTypical energy bill in Great Britain to fall 7% to £1,720 a year from JulyAs well as cutting UK energy costs (see earlier), Donald Trump can also take credit for growing the German economy!New GDP data this morning shows that Germany’s GDP rose by 0.4% in January-March, twice as fast as the first estimate of 0.2% growth in the quarter.“The reason for the slightly higher growth compared to the initial estimate was the surprisingly positive economic development in March.”“In particular, production in the manufacturing sector and exports performed better than initially expected.The German economy had its best quarterly performance since the third quarter of 2022, and the reason for it seems to be Donald Trump. As a result of the announced tariffs and in anticipation of ‘Liberation Day,’ German industrial production and exports surged in March.Net exports an...

Politics

35 h. ago G7 ministers threaten more sanctions against Russia over Ukraine war

Summit makes little progress on how to respond to Donald Trump’s trade war

Politics

4 d. ago Eurozone growth forecasts cut amid uncertainty over Trump trade war

Tariffs impact demands ‘considerable downgrade’, to 0.9% this year and 1.4% in 2026, says European CommissionBusiness live – latest updatesThe European Commission has cut its growth forecasts for the eurozone this year and next as a result of uncertainty caused by Donald Trump’s tariff wars.The commission said the impact of tariffs demanded a “considerable downgrade” to the expected growth this year of the 20-member eurozone to 0.9% from the previous forecast, made in November, of 1.3%. Continue reading...

Politics

7 d. ago US consumer sentiment slides to lowest in 3 years as trade war raises anxiety about inflation

U.S. consumer sentiment fell slightly in May for the fifth straight month as Americans increasingly worry that President Donald Trump’s trade war will worsen inflation

Economics

8 d. ago Trump’s trade war risks US capital flight, warns hedge fund Elliott

Tariff policies could cause ‘enormous’ damage, $73bn firm says in letter to investors

Events

1 week ago Nissan to axe 15% of global workforce and almost halve number of plants

Donald Trump’s trade war adds to challenges facing Japanese carmaker

Economics

1 week ago How Trump’s trade war threw his and America’s toys out the pram

Parents have reacted with anger at his latest remarks

Politics

2 w. ago Two dolls instead of 30? Toys become the latest symbol of Trump's trade war

Toy dolls have become the latest rhetorical poster child for President Donald Trump's tariffs crusade

Politics

2 w. ago Trump floats cutting Chinese tariffs from 145% to 80% before weekend talks

Meeting aimed at de-escalating trade war after Chinese exports beat expectations despite slump in tradeDonald Trump has floated cutting tariffs on China from 145% to 80% before a weekend meeting as he looks to de-escalate the trade war.Top US officials are set to meet a high-level Chinese delegation this weekend in Switzerland in the first significant talks between the two nations since Trump sparked a trade war with stiff tariffs on imports. Continue reading...

Politics

2 w. 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

2 w. ago UK interest rates fall to 4.25% as Bank of England announces a quarter

Move follows run of downbeat economic data and looks to cushion UK from Trump’s trade war falloutExplainer: what does it mean for mortgages and savings?Analysis: mood-boosting rate cut is a fillip for Reeves but leaves future uncertainBusiness live – latest updatesBank of England policymakers have cut interest rates by a quarter point to 4.25% to cushion the UK economy against the impact of Donald Trump’s trade war.The widely expected move from the Bank’s monetary policy committee (MPC), its fourth cut since last August, also carried a warning that the UK economy would slow by a further 0.3% over the next two years in addition to dramatic cuts to its forecasts earlier this year. Continue reading...

Politics

2 w. ago AP PHOTOS: How a Chinese delicacy got caught in the crossfire of Trump's trade war

An escalating trade war with the U.S. is now crippling an entire industry that hand-harvests geoducks, leaving Washington state divers without work, Seattle exporters without business and Chinese aficionados with fewer of these prized clams.

Events

2 w. ago How a Chinese delicacy got caught in the crossfire of Trump's trade war

President Donald Trump’s trade war with China is crippling an entire industry that hand-harvests geoducks

Events

2 w. ago Trump ready to unveil 'major trade deal' with UK after launching tariff wars across the globe

Donald Trump is expected to announce a trade deal between the United States and the United Kingdom on Thursday.

Economics

2 w. ago China’s service sector hit by trade war; Ford predicts $1.5bn profit hit from Trump tariffs – business live

Rolling coverage of the latest economic and financial newsTrump’s foreign film tariffs could ‘wipe out’ UK movie industry, ministers toldAmerican children face paying higher prices for Barbie dolls due to the Trump tariffs on imports.Mattel, the toy manufacturing giant, revealed last night that it plan to raise prices on American toys due to tariffs, and is also looking to move some manufacturing out of China.Accelerating diversification of its supply chain and further reducing reliance on China-sourced product,Optimizing product sourcing and product mix, andWhere necessary, taking pricing action in its U.S. business.In an uncertain macro environment that has intensified due to the potential impact of tariffs, we are focused on what we can control.We are improving our supply chain agility, taking decisive cost actions to mitigate financial impact where possible, and ensuring we can continue to serve our customers and consumers. Continue reading...

Economics

2 w. ago European and UK companies lay bare the pain from Trump’s trade war

Executives warn about the challenges facing businesses and the destabilising effect of prolonged uncertainty

Politics