5 h. ago Trump blames Biden as US economy shrinks for first time in three years amid tariff fallout

President claims economic downturn has ‘NOTHING TO DO WITH TARIFFS’

Politics

6 h. ago U.S. economy shrinks for first time in three years as Trump’s tariffs spark trade war fears

The American economy shrank by 0.3 percent during the first quarter of this year, marking the first drop in three years as President Donald Trump’s tariff policies disrupted businesses and their supply chains.

Politics

5 d. ago Trade war fears trigger biggest slide in US consumer expectations since 1990 recession – business live

Rolling coverage of the latest economic and financial newsXi announces plan for Chinese economy to counter impact of US trade warEuropean stock markets are rising this morning, amid hopes that China is relaxing some of its tariffs.In London, the FTSE 100 index is up 12 points or 0.13%, at 8417 points. Engineering companies are among the top risers, with aerospare manufacturers Melrose up 3.6%, and Rolls-Royce up 2%, after Safran reported that tariffs on aircraft parts have been lifted.“We learned last night that China has taken the decision not to tax engines or landing gear or nacelles - in other words a certain number of aerospace equipment parts.”“It demonstrates that the situation is very fluid.” Continue reading...

Economics

6 d. ago US trade war fears drive UK consumer confidence down to record low; Tesla’s European sales fall again – business live

Rolling coverage of the latest economic and financial newsDonald Trump’s tariffs will make it harder for Sir Jim Ratcliffe’s car division, Ineos Automotive, to reach its first profit.Ineos Automotive’s CEO, Lynn Calder, told Bloomberg that the US president’s 25% tariff on foreign cars will make it harder to hit the earnings target.“For sure, this last week has put a dent in that and, for sure, delayed it,”“We’re stubborn as mules. We’re not easy to knock down.”“With fieldwork completed just days after Donald Trump’s “Liberation Day” tariffs, it is unsurprising that consumer expectations for the economy plummeted to a record low. The original tariff schedule, since reduced for most countries, was expected to reduce growth in the UK and elsewhere. Yet despite this economic pessimism, expectations of retail spending rose slightly as the prospect of Easter shopping drew closer.The state of the economy dropped significantly to -48 in April, down from -35 in March.Their personal financial...

Economics

8 d. ago Trump’s tariffs spark global recession fears as White House hints at trade deal with China: Live updates

The International Monetary Fund downgraded growth in nearly all countries amid ongoing uncertainty from the Trump administration’s trade policy

Economics

1 week ago Tech industry fears Trump’s trade war will hamper US AI ‘dominance’

Tariffs and threat of new duties on chips and computing infrastructure could frustrate American ambitions to lead artificial intelligence race

Politics

2 w. ago WW3 fears grow as Trump's tariffs spark China feud – how would you cope with war?

World War Three feels closer than ever, with the war between Russia and Ukraine continuing, Trump's tariffs sparking new tensions with China and Iran developing nuclear tech

Politics

2 w. ago China raises US tariffs to 125% as Xi invites EU to team up against Trump ‘bullying’

Chinese leader canvasses Spain and other trading partners on how to tackle economic fallout as market turmoil continuesBusiness live – latest updatesWhy did ‘strongman’ Trump back down on tariffs? – podcastChina has raised its tariffs on US products to 125% in the latest salvo of the trade dispute with Washington, just hours after Xi Jinping said there were “no winners in a tariff war”.Xi made the comments during a meeting with the Spanish prime minister in which he invited the EU to work with China to resist “bullying”, part of an apparent campaign to shore up other trading partners. Continue reading...

Politics

3 w. ago ‘Explosive' trade war tariffs spark falls in global markets but Trump claims: 'I know what the hell I'm doing'

FTSE 100 in London and Asian stock markets take another pounding with Japan’s Nikkei 225 dropping 5% as Trump’s tariffs against 60 ‘worst offender’ nations come into effect

Events

3 w. ago Trump's 104% monster tariffs spark more global market meltdowns

More chaos is unfolding on the world's financial markets after Trump announced a huge 104% tariff on China - Asian stocks plummeted overnight and the FTSE is expected to drop again this morning

Politics

3 w. ago EU drops plans to hit American bourbon with retaliatory tariffs

Drink removed from draft list after lobbying from whiskey-making Ireland and wine-producing Italy and FranceUS politics live – latest updatesAmid the economic maelstrom of Donald Trump’s trade war, drink makers might take a small drop of comfort: the EU has dropped plans to hit American bourbon with retaliatory tariffs.Bourbon and other US whiskeys have escaped EU countermeasures after heavy lobbying from the EU’s drinks-producing countries – such as whiskey-making Ireland and the wine behemoths Italy and France – who feared their alcohol industries would become casualties of a global trade war. Continue reading...

Events

3 w. ago Donald Trump says he is not looking at pausing tariffs as US markets close after rocky day – business live

US president, when asked about considering a pause in global tariffs, says ‘We’re not looking at that’Trump threatens additional 50% tariffs on China over retaliatory leviesVolatility grips global stock markets as Trump insists on tariff ‘medicine’Hong Kong stocks have plummeted more than 9% at open, while Singapore stocks dropped over 7%, according to reports.Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of the widening global trade war and fears it will unleash a deep recession, Reuters says. Continue reading...

Economics

3 w. ago Rollercoaster day for global stock markets as BlackRock CEO says US ‘probably in recession’ – business live

Larry Fink says most CEOs he talked to agreed with assessment; US indexes see sharp ups and downs; UK index loses nearly 4.5% US politics live: Trump threatens China with additional tariffsVolatility grips global stock markets as Trump insists on tariff ‘medicine’Hong Kong stocks have plummeted more than 9% at open, while Singapore stocks dropped over 7%, according to reports.Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of the widening global trade war and fears it will unleash a deep recession, Reuters says. Continue reading...

Economics

3 w. ago Donald Trump threatens China with even more tariffs sparking fresh trade war fears

Donald Trump has sent stock markets around the world tumbling as his sweeping - and bizarre - tariffs continue to wipe out confidence in the American economy

Events

3 w. ago Rollercoaster for US stock markets as tariff uncertainty puts investors on edge

Wall Street shows some recovery after initial falls as Trump’s team dismiss rumours of a 90-day pause on tariffs as ‘fake news’US Politics Live: Trump says Federal Reserve should cut ratesVolatility grips global stock markets as Trump insists on tariff ‘medicine’Hong Kong stocks have plummeted more than 9% at open, while Singapore stocks dropped over 7%, according to reports.Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of the widening global trade war and fears it will unleash a deep recession, Reuters says. Continue reading...

Economics

3 w. ago BREAKING: Keir Starmer to give major speech today as Trump tariffs spark global bloodbath fears

Keir Starmer will give an address in the West Midlands this afternoon as panic grows over Donald Trump's tariffs, which experts fear will cause a global recession

Politics

3 w. ago Black Monday 2025: stock market threatens UK pensions as Trump tariffs spark fears of 1987 crash repeat today

Markets are in freefall, and your savings could feel the shock 💥

Events

3 w. ago Global financial 'bloodbath' as Trump's tariffs spark fears of worldwide recession, Hong Kong shares have worst day for 28 years and European stock futures tank

Futures were pointing to further losses in Europe and on Wall Street, with Trump refusing to lift the levies unless foreign governments pay 'a lot of money'.

Economics

3 w. ago Trump tariffs live: FTSE opens sharply down after Asian markets plummet over trade fears

US president calls sweeping tariffs ‘medicine’ as fears of global trade war lead investors to ramp up bets on risk of recession

Politics

3 w. ago Black Monday fears as Trump's tariffs send Asian stocks plummeting and US President says 'medicine' is needed

Billionaire fund manager and Trump supporter Bill Ackman has warned the tariffs could spark an ‘economic nuclear winter’

Politics