27 m. ago Trump is already blaming Biden for future economic woes as he meets with Cabinet to mark 100 days: Live updates

President tries to deflect blame to predecessor as new GDP figures show U.S. economy contracted for first time in three years

Politics

98 m. ago Trump tries to blame Biden after U.S. economy shrinks amid fears of tariff

President tries to deflect blame to predecessor as new GDP figures show U.S. economy contracted for first time in three years

Politics

2 h. ago Wall Street falls while FTSE 100 regains losses after US economy shrinks

The American economy contracted by 0.3% in the first three months of the year amid Donald Trump’s threats of sweeping trade tariffs.

Economics

3 h. ago Trump tries to blame Biden for economic slump, promising ‘boom like no other’ when tariffs kick in: Live updates

President tries to deflect blame to predecessor as new GDP figures show U.S. economy contracted for first time in three years

Politics

3 h. ago US economy contracts at 0.3% rate as Trump’s tariffs prompt import surge

First-quarter figures affected by stockpiling but other indicators remain strong

Politics

5 h. ago US economy contracts at 0.3% rate as Trump tariffs prompt import surge

Annualised first-quarter figure comes below expectations and contrasts with previous growth

Politics

6 h. ago US economy contracted at 0.3% rate in first quarter ahead of Trump tariffs

Annualised figure comes below expectations and contrasts with previous growth

Politics

28 h. ago US goods trade gap hits record high as Trump tariffs prompt import surge

Companies rushed to purchase foreign products ahead of imposition of wide-ranging levies

Politics

4 d. ago Majority of Americans rate Trump as ‘terrible’ or ‘poor’ president in his second term, poll finds

Survey respondents call presidency ‘longest 100 days I’ve ever had to sit through’ and ‘just a lot more ridiculous’ than anticipated, though Trump’s base remains solid

Politics

7 d. ago Trump says China tariffs will drop ‘substantially – but it won’t be zero’

US president says tariffs on imported goods will come down from 145% rate but insists ‘we’re doing fine with China’Donald Trump said during a White House news conference that high tariffs on goods from China will “come down substantially, but it won’t be zero”.Trump’s remarks were in response to earlier comments on Tuesday by treasury secretary Scott Bessent, who said that the high tariffs were unsustainable and that he expects a “de-escalation” in the trade war between the world’s two largest economies. Continue reading...

Politics

8 d. ago The New Baby Boom: How the White House is looking to jumpstart the nation’s birth rate

More details are expected from White House in May report

Events

1 week ago Trump says Fed chair would resign if asked and condemns him over interest rates

President, whose tariffs has caused turmoil, said Jerome Powell is ‘always too late and wrong’ with rate policyDonald Trump early on Thursday condemned the Federal Reserve chair, Jerome Powell, for not lowering US interest rates, and expressed a wish for him to be gone from his role.The US president lambasted Powell as “always too late and wrong” in a post on his Truth Social platform. Trump noted that the European Central Bank (ECB) was poised on Thursday to lower interest rates again, without mentioning that the body has been responding to the chaos caused by Trump’s initiatives on tariffs. Continue reading...

Politics

1 week ago Trump attacks Fed chair over interest rates and says his termination ‘cannot come fast enough’

President, whose tariff policy has caused turmoil, said Jerome Powell is ‘always too late and wrong’ with rate policyBusiness live – latest updatesDonald Trump early on Thursday blasted the Federal Reserve chairman, Jerome Powell, for not lowering US interest rates and expressed a wish for him to be gone from his role.The US president lambasted Powell as “always too late and wrong” in a post on his Truth Social platform. Trump noted that the European Central Bank (ECB) was poised on Thursday to lower interest rates again, without mentioning that the body has been responding to the chaos caused by Trump’s initiatives on tariffs. Continue reading...

Politics

1 week ago ECB cuts rates for third time this year as Europe braces for Trump tariffs

Quarter-point cut in main rate to 2.25% aims to tackle slowing eurozone growth and impact of US border taxesBusiness live – latest updatesThe cost of borrowing has fallen across the 20-member euro area for the third time this year after the European Central Bank cut its main interest rate to 2.25% in response to slowing growth and Donald Trump’s tariffs.The Frankfurt-based bank cut its benchmark deposit rate by a quarter of a percentage point on Thursday, in line with City economist expectations, to tackle a slowdown in the bloc and the impact from the border taxes imposed earlier this month on all EU imports into the US. Continue reading...

Politics

2 w. ago Ministers focused on US trade deal, despite signal tariffs will go no lower

Kevin Hassett, a senior economic adviser to Donald Trump, suggested the blanket 10% tariff rate most countries now face was likely to be a ‘baseline’.

Politics

2 w. ago China hikes US tariffs up to 125 per cent from TOMORROW as it slams Donald Trump's 'bullying'

China has reacted to Donald Trump's 125% tariffs by installing its own reciprocal rate on US imports which are set to come into effect from tomorrow, as it accuses the US of bullying

Politics

2 w. ago F1 team issues statement as Donald Trump's US tariffs prompt changes

Donald Trump's tariff announcements and their economic impact are being felt in all sectors and have prompted a statement from one Formula 1 team after their parent company's announcement

Politics

3 w. ago India’s central bank cuts interest rates after Trump’s tariffs kick in

Reserve Bank lowers growth forecast after economists estimate US tariffs could shave 20-40 basis points off growth in world’s fifth-largest economy this year

Politics

3 w. ago Mortgage rates fall in 'silver lining' for borrowers after Donald Trump tariffs

The reductions are down to interest rate swaps – which move in line with expected changes to the Bank of England base rate – having dropped since President Trump announced his tariffs

Politics

3 w. ago ‘Only job I know’: tiny Lesotho’s garment workers reel from Trump’s 50% tariffs

Impoverished African country is hit with highest tariff rate, overturning decades of global trade policyThe day after Donald Trump announced sweeping global tariffs, Lesotho’s garment workers feared for their jobs.Last year, Lesotho sent about 20% of its $1.1bn (£845m) of exports to the US, most of it clothing under a continent-wide trade agreement meant to help African countries’ development via tariff-free exports, as well as diamonds. Continue reading...

Politics