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

5 h. ago US economy shrinks in first quarter of Trump 2.0 amid sweeping tariffs

Drop comes amid a huge fall in consumer sentiment which in April dropped 32% to lowest level since 1990 recessionThe US economy shrank in the first three months of Donald Trump’s second term as the president sought to roll out an aggressive trade strategy, claiming that sweeping tariffs on the world would strengthen the US economy.Gross domestic product (GDP), a key measure of overall growth in the US economy, fell by 0.3% in the first quarter of the year, down from 2.4% in the last quarter of 2024. The contraction – the first since the start of 2022 – puts the US on the brink of a technical recession, defined by two quarters of negative growth. Continue reading...

Politics

6 h. ago U.S. economy shrinks 0.3% in first quarter as Trump trade wars disrupt business

The U.S. economy shrank 0.3% from January through March, first drop in three years

Politics

1 week ago Starmer urges free trade in first call with Trump after UK hit by sweeping US tariffs

It comes as Rachel Reeves is due to hold talks with the White House next week amid efforts to strike a trade deal

Politics

1 week ago Reeves to have ‘conversations’ with US next week as work for deal continues

The UK is hoping a deal can help stave off the full brunt of US President Donald Trump’s sweeping 10% tariffs on all goods imported to the US.

Economics

1 week ago AP PHOTOS: Trump tariffs threaten the survival of the centuries

Mohammad Yousuf Dar and his wife, Shameema, sit cross-legged before their loom, deftly tying consecutive knots to create the floral patterns of the famed Kashmiri carpets that are now threatened by the Trump administration’s sweeping tariffs.

Events

2 w. ago ‘Shock to the system’: farmers hit by Trump’s tariffs and cuts say they need another bailout

With extreme weather and Trump’s looming trade war, US farmers are reeling and resigned to needing another bailoutFarmers across the United States say they could face financial ruin – unless there is a huge taxpayer funded bail out to compensate for losses generated by Donald Trump’s sweeping cuts and chaotic tariffs.Small- and medium-sized farms were already struggling amid worsening climate shocks and volatile commodities markets, on top of being squeezed by large corporations that dominate the supply chain. Continue reading...

Events

2 w. ago EU pauses tariff retaliation for 90 days to match Trump move, holding out hope for talks

The European Union’s executive commission says it will put on hold for 90 days its retaliation measures against new U.S. tariffs to match President Donald Trump’s pause on his sweeping new tariffs and leave room for a negotiated solution

Politics

2 w. ago Apocalyptic warning about economic meltdown that forced Trump's hand on tariffs... NOT any 'art of the deal'

A Fox Business finance guru has explained why President Trump 'capitulated' on his sweeping tariff plans and had no choice but to U-turn. 

Economics

3 w. ago US government debt sinks as pivotal $39bn Treasury auction looms

Investors contend with fallout as Donald Trump’s sweeping tariffs come into effect

Economics

3 w. ago Jamie Dimon reveals what Trump must do NOW... as China trade war sparks economic Armageddon

JPMorgan Chase CEO Jamie Dimon has offered hope on the morning Trump's sweeping tariff kick in and stocks continue to tumble.

Politics

3 w. ago Another economist cited by Trump to justify tariffs hits out: ‘It’s outrageous. They’re causing a recession’

The associate professor is one of many experts cited by the White House who is now criticizing Trump’s sweeping tariff hikes

Economics

3 w. ago Trump tariffs threaten global growth and raise risk of ‘severe shocks’, says Bank of England

Levies have heaped pressure on government finances and increased chance of ‘further sharp correction’, report warnsTrump imposes new tariffs on dozens of partnersDramatic sell-off of US government bondsBusiness live – latest updatesDonald Trump’s sweeping tariffs have put global growth at risk, the Bank of England has warned, heaping pressure on government finances and increasing the likelihood of “severe shocks” to the financial system.The Bank’s financial policy committee (FPC) said its global risk environment had deteriorated and “uncertainty had intensified” since its last update in November, with US tariff announcements contributing to a “material increase in risks to global growth” and inflation levels. Continue reading...

Events

3 w. ago ‘Go Trump’: Florida shoppers back tariffs – but others are worried

Some Gainesville voters remain loyal to the president, while others cut back on buying and business owners hike pricesIn Gainesville, Florida, a small city in the north-central part of the state, small businesses and shoppers are bracing for the impacts of Trump’s sweeping tariffs.The Trump administration announced a baseline of 10% tariffs on nearly every country in the world last week, with much higher rates on countries such as China, Taiwan and Vietnam, and 20% tariffs on European Union countries. Continue reading...

Politics

3 w. ago Trump brags world leaders are ‘kissing my a**’ and celebrates ‘great Hannibal Lecter’ at NRCC dinner

‘Please, Sir, make a deal. I’ll do anything. I’ll do anything, Sir,’ Trump mocked just hours before his sweeping reciprocal tariffs were imposed

Politics

3 w. ago Trump’s sweeping global tariffs, including 104% against China, take effect – business live

Stock markets down from Australia to Japan and Taiwan as Trump presses ahead with plans to hit China with huge retaliatory tariffsFull report: Trump unleashes new wave of tariffs Dispatch: The view from Yiwu, China’s biggest wholesale marketToday’s tariffs follow Trump’s 10% tariff on all imports from many countries, including Australia, which came into effect at the weekend.US customs agents began collecting the unilateral tariff at US seaports, airports and customs warehouses on Saturday. Today’s measures are higher levies on goods from 57 larger trading partners. Continue reading...

Economics

3 w. ago Asian markets fall as Trump’s sweeping global tariffs, including 104% against China, due to take effect – business live

Stock markets down from Australia to Japan and Taiwan as Trump presses ahead with plans to hit China with huge retaliatory tariffsToday’s tariffs follow Trump’s 10% tariff on all imports from many countries, including Australia, which came into effect at the weekend.US customs agents began collecting the unilateral tariff at US seaports, airports and customs warehouses on Saturday. Today’s measures are higher levies on goods from 57 larger trading partners. Continue reading...

Economics

3 w. ago Musk made direct appeal to Trump to reverse sweeping tariffs, report claims

Billionaire Elon Musk made personal appeals to the Donald Trump to reverse his aggressive plan to make sweeping tariff increases, a new report has claimed.

Politics

3 w. ago Netanyahu discusses Gaza and tariffs with Trump at White House meeting

President says the pair had a ‘great discussion’ while prime minister says Israel will eliminate trade deficit with USThe Israeli prime minister, Benjamin Netanyahu, met with Donald Trump on Monday for the second time since the US president’s return to office, marking the first effort by a foreign leader to negotiate a deal after Trump announced sweeping tariffs last week.Speaking alongside Trump in the Oval Office, Netanyahu said Israel would eliminate the trade deficit with the US. “We intend to do it very quickly,” he told reporters, adding that he believed Israel could “serve as a model for many countries who ought to do the same”. Continue reading...

Politics

3 w. ago Trump says US in direct talks with Iran over nuclear program as he holds Oval Office meeting with Netanyahu – US politics live

President says talks to continue on Saturday and adds he and Israeli president also discussed tariffs and Israel-Gaza warEU ministers are in Luxembourg to consider the European Union’s response to Trump’s sweeping tariff regime amid continuing market turmoil and heightened fears of a global economic recession.It comes after Trump doubled down on his tariff policy in comments aboard Air Force One overnight. He said Europe “has treated us very, very badly,” and “has taken our leaders for a ride”, and declined to hold talks on changing tariffs “unless they pay us a lot of money on a yearly basis”. He also repeated criticism of Europe for not spending a fair share on Nato. Continue reading...

Politics