15 h. ago Trump makes risky bet by rekindling his trade war with the EU

US president has shifted the focus of his offensive from Beijing to Brussels

Events

20 h. ago EU 'stands ready to defend its interests' in tariff war with Trump: Bloc demands 'respect' after US President announced 50 per cent charge on European imports

Trump made the threat amid trade talks between Washington and Brussels, warning they were 'going nowhere' and that he could impose the tariffs next month.

Politics

33 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

35 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

37 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

38 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

39 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

54 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

5 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

8 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

9 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 Trump says tariffs on China imports won’t return to 145% and that he sees a deal – live

Trump warns US could raise tariffs after 90-day pause on trade war with China but expresses confidence a deal will be madeChina and US agree 90-day pause to trade warQatar has offered to donate a plane to the United States and details are still being worked out, White House spokeswoman Karoline Leavitt said on Monday.“The Qatari Government has graciously offered to donate a plane to the Department of Defense. The legal details of that are still being worked out,” Leavitt said in an interview with Fox News. Continue reading...

Economics

2 w. 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 Bank of England chief urges Starmer to 'do everything' to 'rebuild' trade with the EU after sealing deal with Trump... as Tories warn Brexit must NOT be unwound

Andrew Bailey backed deepening relations as the PM pushes ahead with his Brexit 'reset' - after sealing a damage limitation deal with Donald Trump .

Events

2 w. ago Trade deals, global wars and AI Jedi posts: where is Trump’s focus? – podcast

Jonathan Freedland and the senior Washington editor of Semafor, Elana Schor, discuss what the US president is choosing to make a priority, and what he’s neglecting in returnOn Thursday, the White House announced a framework for a US-UK trade deal. Earlier in the week, when asked for his take on India’s missile attack on Pakistan, Donald Trump replied: “I get along with both.” But before all of that, on an otherwise quiet Sunday, the US president announced tariffs on foreign films and the reopening of Alcatraz. Throw in the White House posting another AI-generated image of Trump – this time featuring a lightsabre, muscly arms and two bald eagles – and you have one chaotic week.Archive: BBC News, CBS News, ABC News, NBC News, Sky News, Sky News Australia 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