12 h. ago Show goes on for Ralph Lauren as fashion reels from Trump tariffs

With the sector bracing itself for a global trade war, investors may find comfort in a trusted pair of handsTwo weeks after Donald Trump announced his “liberation day” tariffs, the fashion industry finds itself in turmoil as it tries to navigate the chaos unleashed.Some are calling it the “tariffpocalypse”, with the sector bracing itself for a global trade war, snarling up supplies and hiking costs, alongside plummeting consumer confidence. Continue reading...

Politics

34 h. ago FTSE 100 claws back week of strong gains after Trump tariff nosedive

The FTSE 100 delivered a week of solid gains ahead of Easter as unpredictable US trade policy continues to drive volatility in global markets.

Politics

42 h. ago Britain could sign a trade deal with Donald Trump 'within three weeks'

Sir Keir Starmer has been pushing for an agreement with America in a bid to lower the 10 per cent tariffs on British goods imposed by the US President.

Politics

42 h. ago Temu and Shein warn of US price hikes from next week due to Trump tariffs

Shein says ‘operating expenses have gone up’ as both Chinese retailers also drop ad spending in USTwo of China’s largest fast fashion retailers, Temu and Shein, have warned US customers that they will face price hikes from next week, as Donald Trump’s hefty tariffs on Chinese imports come into force.Both companies will be hit by new import levies, which will mean taxes of up to 145% being applied to Chinese goods. They will also suffer from Trump’s cancellation of so-called “de minimus” exemption, under which shipments worth less than $800 (£600) could be imported duty-free. Continue reading...

Events

4 d. ago From US tariffs to no more Netflix: Edith Pritchett’s week in Venn diagrams – cartoon

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Politics

4 d. ago China halts critical rare earth mineral exports as Trump teases new tariffs

US president says he will announce tariff rates on semiconductors next week

Politics

5 d. ago Hedge fund billionaire says US may face ‘worse than a recession’ from Trump tariffs

Ray Dalio’s comments come after rocky week across stock markets after policies including 145% tariff raise on ChinaPeople in the US: tell us how you think Trump’s first 100 days have gone so farBillionaire investor Ray Dalio said that he is worried the US will experience “something worse than a recession” as a result of Donald Trump’s trade policies.Speaking to NBC’s Meet the Press on Sunday, the 75-year-old hedge fund manager said: “I think that right now we are at a decision-making point and very close to a recession. And I’m worried about something worse than a recession if this isn’t handled well.” Continue reading...

Economics

5 d. ago Billionaire hedge fund leader warns US facing something ‘worse than a recession’

US ‘very close’ to a recession after weeks of Trump tariff instability, warns Ray Dalio

Events

5 d. ago How YOU can invest like the legendary Warren Buffett: Of the world's 10 richest billionaires he's the only one who grew his fortune last week... here's how

As investors worldwide nursed huge losses in the wake of US President Trump's tariff wars last week, one escaped relatively unscathed.

Economics

5 d. ago Price hike on Shein? How Trump tariffs could shift the US’s love of fast fashion

Trump ended the ‘de-minimis’ rule while launching a trade war with China – which will make retail giants such as Temu more expensive, experts sayAfter a chaotic week of flip-flopping tariff policies, cheap clothes from China are nearly certain to face a steep price hike soon – prompting concern among fast fashion retailers and potentially pushing consumers to look for other alternatives.As part of a package of global tariff policies announced on “liberation day” last week, Donald Trump signed an executive order that ended a duty-free exemption for low-priced goods to enter the US from China and Hong Kong. Known as the “de-minimis” rule, packages under $800 do not qualify for any taxes or tariffs on the goods and are inspected minimally at the border. Continue reading...

Politics

6 d. ago ‘Completely out of touch’: golf and dinners for ‘king’ Trump as economy melts down

Casual attitude as markets fall suggests man detached from anxieties of ordinary voters – and surrounded by yes menAfter lighting a fuse under global financial markets, Donald Trump stepped back – all the way to a Florida golf course. A week later, having just caved to pressure to ease his trade tariffs, the US president defended the retreat while hosting racing car champions at the White House.Trump had spent the time in between golfing, dining with donors and making insouciant declarations such as “this is a great time to get rich”, even as the US economy melted down. Continue reading...

Politics

7 d. ago Trump live updates: U.S. markets close up ending volatile week despite China raising tariffs to 125% in retaliation

‘Going against the world will only lead to self-isolation,’ Chinese Premier Xi Jinping warns

Politics

7 d. ago $2,150 for an iPhone? Trump tariffs are ‘category 5 price storm’

US is not set up to supply mobile phones and would cost estimated $30bn to move just 10% of chain from ChinaThe AI-generated video of tired-looking Americans making mobile phones, which circulated widely on social media this week, was a pointed vision of a post-tariff world. But Donald Trump wants it to become reality for Apple.The iPhone maker is one of the biggest victims of the US president’s realignment of the global trading order because its flagship product is assembled in the epicentre of Trump’s protectionist ire – China. Continue reading...

Economics

7 d. ago Criticise Trump’s tariffs all you like, but western sanctions aren’t any better – just ask Syria | Simon Jenkins

This form of economic aggression is macho and myopic, yet countries including the UK refuse to give it upAmong the more improbable countries that Donald Trump punished most severely last week was Syria, with a 41% tariff in retaliation for its part in the “raping and plundering” of the US economy. That should teach it a lesson for toppling Bashar al-Assad last year.The Damascus regime that subsequently came to power is pleading for help in keeping order and restoring its economy. But the chief obstacle is not Trump’s absurd tariff – now reduced to 10%. It is the sanctions regime imposed on it for the past 14 years by the west, including Britain. The US prohibits nearly all trade and financial transactions, extending this to foreign companies engaged with the Syrian government. EU sanctions targeted crude oil, investments, banking, telecoms and more. No tariff could be as severe as this.Simon Jenkins is a Guardian columnist Continue reading...

Politics

7 d. ago Trump’s tariffs are ruinous, but are western sanctions any better? Just look at Syria | Simon Jenkins

Sanctions as a form of economic aggression are macho and myopic, yet countries including the UK refuse to call a haltAmong the more improbable countries that Donald Trump punished most severely last week was Syria, with a 41% tariff in retaliation for its part in the “raping and plundering” of the US economy. That should teach it a lesson for toppling Bashar al-Assad last year.The Damascus regime that subsequently came to power is pleading for help in keeping order and restoring its economy. But the chief obstacle is not Trump’s absurd tariff – now reduced to 10%. It is the sanctions regime imposed on it for the past 14 years by the west, including Britain. The US prohibits nearly all trade and financial transactions, extending this to foreign companies engaged with the Syrian government. EU sanctions targeted crude oil, investments, banking, telecoms and more. No tariff could be as severe as this.Simon Jenkins is a Guardian columnistDo you have an opinion on the issues raised in th...

Politics

7 d. ago US consumers warned of higher prices from tariffs within weeks

Analysts estimate Donald Trump’s levies could cost the average household $4,700 a year

Events

8 d. ago Trump claims TikTok deal still on the table as China tariffs threaten to derail agreement

Trump announced a 90-day pause on all reciprocal tariffs this week, except for those placed on China

Economics

8 d. ago Where do the tariffs stand now? Mapping Trump’s week of market chaos

The president’s week of upheaval drew to a close after he issued a 90-day pause on ‘reciprocal’ tariffs

Politics

8 d. ago Prada buys luxury fashion rival Versace in £1.1 billion 'Made in Italy' deal

The deal was almost scuppered by the tariff chaos of recent weeks but closed today

Economics

8 d. ago Prada buys luxury fashion rival Versace in £1.1 billion luxury deal

The deal was almost scuppered by the tariff chaos of recent weeks but closed today

Economics