9 h. ago Starmer urged to act after Trump threatens Commonwealth ally Canada

Exclusive: Labour prime minister facing calls to act ahead of US President’s state visit to the UK, where he will meet King Charles

Politics

21 h. ago Your Nike shoes are about to cost a whole lot more thanks to Donald Trump, company warns

The sports giant appears to be unloading some of the burden of the tariffs onto customers

Events

25 h. ago Is Trump a genius? Top economist and tariff skeptic admits president may have outsmarted us all on the economy

Torsten Sløk, the chief economist at Apollo Global Management, theorized a possible way for President Donald Trump to avoid wrecking the global economy with his tariffs — if he changes how he’s playing his game

Politics

30 h. ago US stocks hit record high as markets recover from Trump tariff shock

Wall Street stocks roar back from April’s sell-off, buoyed by resilient economy and share buybacks

Events

32 h. ago Business news live: Nike fears $1bn Trump tariff hit, plus why oil prices are now rebounding

Stock markets latest updates and business news on Friday

Economics

33 h. ago EU retaliation against Trump drug tariffs would be bad idea, says industry

European pharmaceutical body says it would be ‘negative for both sides’ if Brussels hits back on threatened US leviesThe European pharmaceutical industry has urged Brussels not to retaliate if Donald Trump brings in threatened tariffs on imported drugs, amid fears he could impose the levies as early as next week.The US president said last week that the sector-specific tariffs were coming “very soon”. There is concern in Brussels that he could impose them imminently to give himself further leverage ahead of his self-imposed 9 July deadline for trade deals with the EU and about 60 countries. Continue reading...

Politics

46 h. ago EU ready for trade deal with US but prepared to fail, says von der Leyen

European Commission president says ‘all options on the table’ as Trump threatens 50% steel tariffs The European Commission president, Ursula von der Leyen, has said the EU is ready for a trade deal with Donald Trump, but “all options remain on the table”.Von der Leyen said she was analysing the latest US negotiating document received on Thursday. “Our message today is clear, we are ready for a deal,” she told reporters, after briefing EU leaders at a summit in Brussels. “At the same time, we are preparing for the possibility that no satisfactory agreement is reached and we will defend the European interest as needed. In short, all options remain on the table.” Continue reading...

Economics

53 h. ago Trump tariffs: US economy saw stark drop in GDP growth as businesses rushed to secure imports

Revised data shows economy shrank more than previously thought as president’s global trade war loomed and consumer spending softened

Economics

55 h. ago US goods exports tumble by most since 2020 as Trump’s tariffs disrupt trade

Figures are latest to show distortion to trade caused by US president’s ‘liberation day’ trade levies

Politics

55 h. ago EU leaders mull US tariff response as deadline looms over Trump’s 50% threat

European Commission expects to hear on Thursday whether leaders want quick trade deal or tough reactionEuropean leaders will tell the European Commission later on Thursday whether they want a quick trade deal with the US, or favour a tough response to Donald Trump’s tariff threats.The European Commission president, Ursula von der Leyen, is expected to update EU leaders over dinner on Thursday on trade talks with the US ahead of a looming 9 July deadline. Continue reading...

Politics

59 h. ago Trio of trade deals ‘restored identity’ of UK, PM says as trade plan unveiled

Since Donald Trump’s tariff announcements in April, the UK has reached new agreements with the US, India and the EU.

Economics

2 d. ago Starmer publishes £85bn trade strategy blueprint to tackle Trump tariffs

As Trump’s tariffs continue to cause international turbulence, the prime minister is publishing a new trade strategy which will release £5bn for businesses and increase export finance to £80bn

Economics

3 d. ago Toy and game prices rise at the fastest rate on record as Trump’s tariffs on China hit industry hard

Experts say the figures give a gloomy indication of what’s to come for the toy industry

Politics

4 d. ago EU readies retaliatory tariffs to secure better trade deal with Trump

German chancellor backs more muscular approach ahead of July talks deadline

Economics

4 d. ago Cate Blanchett criticises Donald Trump’s controversial Hollywood tariff plan

The Oscar-winning actress also questioned the idea of Hollywood as a purely American institution

Politics

6 d. ago Astonishing figures show just how much money America is making from Trump's new tariffs

The US raked in astonishing figures from import duties in April and May as Donald Trump's tariffs began to kick in. 

Politics

8 d. ago Top Federal Reserve official calls for rate cuts as soon as July

Governor Chris Waller says US has yet to see an inflation ‘shock’ from Donald Trump’s tariffs

Politics

8 d. ago I grew up on American food. Trust me, it’s the last thing Europe needs | Alexander Hurst

The EU is under pressure to strike a trade deal with Trump, but an influx of mass-produced, low-quality food must be off the tableAll over European media, the take seems to be similar – that the EU is “under pressure” to conclude some sort of deal with the US in order to avoid Donald Trump’s 9 July deadline for the unilateral imposition of broad tariffs. What might be on the table in the attempt to secure that? In early May, the EU trade commissioner, Maroš Šefčovič, was already suggesting that a deal to increase purchases from the US could include agricultural products – a possibility that seems to remain even though Šefčovič later clarified that the EU was not contemplating changing its health or safety standards.Since I have failed to Abba (“Always be boldly acronyming”) and don’t have anything as good as Taco (“Trump always chickens out”) – coined by the Financial Times columnist Robert Armstrong – at the ready, I’ll simply reach for the easy line: opening the door even slightly...

Politics

1 week ago Tariffs are already making your health insurance costs go up

Health insurance research professor says there is a ‘perfect storm of factors’ driving prices up

Economics

1 week ago Toy company challenges Trump’s tariffs before the Supreme Court in long shot bid for quick decision

An Illinois toy company is challenging Donald Trump’s tariffs at the Supreme Court

Politics