1 hour ago As Trump's tariffs trigger market meltdown, leading bank warns there is now a 60 per cent chance of a global recession

As the market meltdown triggered by Donald Trump's trade war accelerated, the FTSE 100 suffered its sharpest drop since the outbreak of the pandemic.

Economics

4 h. ago Trump’s tariffs rollout sees stock market suffer worst week since 2020 as Dow drops 2,200 points by close: Live updates

Trump’s trade war escalates as China strikes back with 34 percent tariffs on all U.S. goods, sending stock markets plummeting and wiping out $5 trillion in two days

Politics

5 h. ago Trump tariffs rollout sees $5 trillion wiped from stock market in two days: Live updates

Trump’s trade war escalates as China strikes back with 34 percent tariffs on all U.S. goods, sending stocks sliding further after worst day since 2020

Economics

6 h. ago Fed chair warns of high inflation and slower growth as Trump tells him to cut interest rates – live

Federal Reserve chair says ‘we face a highly uncertain outlook’ as president tells him to cut interest ratesPeople in the US: how have your shopping habits changed due to Trump’s tariffs?Trump insists he won’t back down from global trade war as markets slumpThe Trump administration is taking aim at Brown University with threats to freeze $510m in grants, widening its promise to withhold federal funding from schools it accuses of allowing antisemitism on campus, according to multiple media outlets including Reuters and the New York Times.University officials said they had not yet been formally notified, but the school was among dozens warned last month that enforcement actions could be coming as the administration seeks to crack down on academic institutions . Continue reading...

Events

6 h. ago Global trade war intensifies and shares tumble as China hits back at Trump tariffs

FTSE 100 suffers worst losses since Covid-19 as Starmer weighs British response to fees on imports

Events

6 h. ago China hits back hard at ‘bullying’ Trump tariffs as global recession fears grow

Beijing imposes punitive 34% extra tariffs on all goods imported from US, exacerbating stock market sell-offBusiness live – latest updatesUS politics live – latest updatesChina has hit back hard against Donald Trump’s “bullying” tariffs, raising fears that the escalating trade war could trigger a global recession and prompting fresh turmoil in financial markets.Beijing retaliated on Friday with punitive 34% additional tariffs on all goods imported from the US – mirroring the US decision and exacerbating a sell-off on global stock markets. Continue reading...

Politics

8 h. ago FTSE suffers biggest daily drop since early in the pandemic as Wall Street slides again – business live

Global trade war escalates as Beijing hits back against Donald Trump with new tariffs on US goodsChina retaliates to Trump’s ‘bullying practice’ with 34% tariffs on US importsIMF warns of ‘significant risk’ to global economy from Trump tariffs as markets slideAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsNew Civil Liberties Alliance, a conservative legal group, has filed what it says is the first lawsuit seeking to block Donald Trump’s tariffs on Chinese imports, saying the US president overstepped his authority. Reuters reports:The lawsuit, filed in federal court in Florida, alleges that Trump lacked the legal authority to impose the sweeping tariffs unveiled on Wednesday as well as duties authorized on February 1 under the International Emergency Economic Powers Act.“By invoking emergency power to impose an across-the-board tariff on imports from China that the statute does not authorize, President Trump has misused that power, usurped Congress’s right ...

Economics

8 h. ago FTSE 100 suffers worst day in FIVE YEARS as global markets go into meltdown over Donald Trump's trade war

Wall Street opened sharply lower as fears of a global recession mounted in the wake of the US President's extraordinary assault on allies and foes alike.

Politics

8 h. ago Trump dismisses China tariff retaliation and implores Fed to cut interest rates as stock market dives: Live

Trump’s trade war escalates as China strikes back with 34 percent tariffs on all U.S. goods, sending stocks sliding further after worst day since 2020

Politics

9 h. ago John Rentoul answers your Trump tariffs questions from the ‘Brexit dividend’ to chlorinated chicken

In a live Q&A, The Independent’s chief political commentator John Rentoul fielded readers’ questions on Trump’s trade war, its global consequences and the UK’s options for navigating this latest storm

Politics

9 h. ago Downing Street says Trump’s tariffs signal ‘new era’ in global economics

No 10 says US president’s decision is ‘disappointing’, as experts warn UK may have to raise taxes in autumnUK politics live – latest updatesDonald Trump’s tariffs signal a new global economic era, Downing Street has said, as economists warn the British government is likely to have to raise taxes in response.No 10 said on Friday the prime minister believed that this week’s trade announcement by the US president, which has started a global trade war and sent stock markets tumbling, marked a turning point in history. Continue reading...

Economics

10 h. ago Trump claims ‘great time to get rich’ as tariffs turmoil sees Wall Street market sell

Trump’s trade war escalates as China strikes back with 34 percent tariffs on all U.S. goods, sending stocks sliding further after worst day since 2020

Politics

10 h. ago Stock markets continue to fall as fears over Trump’s trade war dragging down the economy fuel sell

Friday’s stock market comes after a historically bad day as investors react to Trump’s tariff plan

Politics

10 h. ago US markets tumble further as global meltdown continues over Donald Trump's trade war

Wall Street opened sharply lower as fears of a global recession mounted in the wake of the US President's extraordinary assault on allies and foes alike.

Politics

10 h. ago ‘My policies will never change’: Trump doubles down on trade war after China announces retaliatory tariffs – live

US president says on Truth Social that ‘this is a great time to get rich’ despite China issuing a 34% tariff on all US goods The Trump administration is taking aim at Brown University with threats to freeze $510m in grants, widening its promise to withhold federal funding from schools it accuses of allowing antisemitism on campus, according to multiple media outlets including Reuters and the New York Times.University officials said they had not yet been formally notified, but the school was among dozens warned last month that enforcement actions could be coming as the administration seeks to crack down on academic institutions . Continue reading...

Events

11 h. ago US economy adds 228,000 jobs in March ahead of Trump’s trade war

Comes as Trump’s announcement of tariffs send the market into free fall

Politics

11 h. ago Tell us: have your pension savings been affected by turbulent stockmarkets?

We’re interested to hear how people’s invested pension savings have been faring amid sharp ups and downs in recent months and years, and how this may affect themUS president Donald Trump’s trade war, political elections and societal shifts ushering in dramatic change and dire public finances in multiple countries, the war in Ukraine and the Covid pandemic have been creating tumultous conditions on international markets for the past few years.We’d like to hear how people’s invested pension savings have been affected by this series of economic shocks. Has your invested portfolio sustained big losses, or have you enjoyed staggering stockmarket gains? How may you and your plans be affected by it all? Tell us. Continue reading...

Economics

12 h. ago 'There will be blood': Trump's trade war 'means 60% chance of global recession' as China hits back at the US and shares keep plunging

The FTSE 100 fell another 140 points this morning after the US president's extraordinary assault on allies and foes alike wiped £2trillion off company values internationally.

Events

13 h. ago China launches major trade war response with 34% additional tariffs on US goods in retaliation for Trump's 34% levy

Beijing announced the measure today, igniting a major trade war between the two global economies. The latest wave of tariffs are in addition to the existing tariffs already imposed on US goods.

Politics

13 h. ago Stock markets plunge as China announces retaliatory 34% tariffs on US goods – business live

Global trade war escalate as Beijing hits back against Donald Trump with new tariffs on US goodsIMF warns of ‘significant risk’ to global economy from Trump tariffs as markets slideGlobal markets in turmoil as Trump tariffs wipe $2.5tn off Wall StreetAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsNew Civil Liberties Alliance, a conservative legal group, has filed what it says is the first lawsuit seeking to block Donald Trump’s tariffs on Chinese imports, saying the US president overstepped his authority. Reuters reports:The lawsuit, filed in federal court in Florida, alleges that Trump lacked the legal authority to impose the sweeping tariffs unveiled on Wednesday as well as duties authorized on February 1 under the International Emergency Economic Powers Act.“By invoking emergency power to impose an across-the-board tariff on imports from China that the statute does not authorize, President Trump has misused that power, usurped Congress’s right to contro...

Economics