56 h. ago Show goes on for Ralph Lauren as fashion reels from Trump tariffs

With the sector bracing itself for a global trade war, investors may find comfort in a trusted pair of handsTwo weeks after Donald Trump announced his “liberation day” tariffs, the fashion industry finds itself in turmoil as it tries to navigate the chaos unleashed.Some are calling it the “tariffpocalypse”, with the sector bracing itself for a global trade war, snarling up supplies and hiking costs, alongside plummeting consumer confidence. Continue reading...

Politics

68 h. ago US rare earth champion faces trade war test after tariffs halt China sales

MP Materials has been sending concentrates to Chinese partner as it races to expand in US

Economics

4 d. ago UK officials label trade documents ‘secret’ to shield from US eyes amid Trump tariff war

Exclusive: civil servants beef up security rules for sensitive negotiating papers over fears posed by hostile US trade policyUK officials are tightening security when handling sensitive trade documents to prevent them from falling into US hands amid Donald Trump’s tariff war, the Guardian can reveal.In an indication of the strains on the “special relationship”, British civil servants have changed document-handling guidance, adding higher classifications to some trade negotiation documents in order to better shield them from American eyes, sources told the Guardian. Continue reading...

Politics

4 d. ago Trump says Harvard should no longer receive federal funds as university pushes back – US politics live

President doubles down on cutting public funding for leading US university in fresh social media rantDonald Trump has gone on yet another rant about Harvard University on his social media platform Truth Social this morning.It comes as the US education department said it was freezing about $2.3bn in federal funds to the Ivy League school.Everyone knows that Harvard has “lost its way.” They hired, from New York (Bill D) and Chicago (Lori L), at ridiculously high salaries/fees, two of the WORST and MOST INCOMPETENT mayors in the history of our Country, to “teach” municipal management and government.These two Radical Left fools left behind two cities that will take years to recover from their incompetence and evil. Harvard has been hiring almost all woke, Radical Left, idiots and “birdbrains” who are only capable of teaching FAILURE to students and so-called “future leaders.” Continue reading...

Politics

4 d. ago JPMorgan CEO Jamie Dimon warns US could lose credibility over Trump trade war

JPMorgan CEO says no country has ‘divine right to success’ in latest caution to president

Events

4 d. ago Trump latest: China warns president to ‘stop whining’ over tariffs after US curbs Nvidia chip sales in trade war

It comes as Donald Trump claims the U.S is taking in ‘record’ tariffs after raising import duties

Events

5 d. ago Donald Trump's trade war tariffs slammed by France for unleashing 'tsunami of destabilisation'

French Prime Minister Francois Bayrou hit out at Trump’s America for going ‘over to the side of the aggressors’

Politics

6 d. ago Trump says he's prepping for 'war' with China as he takes HUGE economic gamble angering Xi Jinping

President Donald Trump gave another justification for his tariff hikes.

Politics

6 d. ago Donald Trump insists there will be NO tariff exemptions in dramatic policy reversal

President Donald Trump took to Truth Social to clarify that China - which is embroiled in an escalating trade war with the US - will not be exempt from tariffs on electronics and semiconductors

Events

7 d. ago Trump says there will be NO tariff exemptions in dramatic reversal that'll hit Americans hard

President Donald Trump blasted China in a social media post on Sunday where he said there were no tariff exemptions after electronics were not included in a notice on Friday.

Events

7 d. ago Donald Trump’s tariff trade war wipes over £11bn off Scottish pension funds

SUNDAY MAIL EXCLUSIVE: Scots retirement savings on frontline of US president's 'daft' trade war as experts confirm multi-billion pound hit.

Economics

8 d. ago ‘A new golden age’: how rightwing media stuck by Trump as global markets collapsed

Trump’s tariffs were sometimes played down, sometimes cheered but rarely seriously questioned by the rightWhile Donald Trump recently instituted and paused hefty tariffs, sparking a trade war and chaos in financial markets, most of the country’s conservative media either applauded the US president or critiqued the policy but not the person behind it, according to journalists and observers of conservative media.Meanwhile, economists, business leaders, Democrats and even some Republicans warned that the tariffs, which prompted the largest American stock market drop since the start of the Covid-19 pandemic, could cause a recession. Continue reading...

Politics

9 d. ago White House says there is ‘great optimism’ in the economy despite ongoing market volatility – business live

Markets pick up slightly after earlier falls amid increasing fears of recession while White House insists Trump’s tariffs are ‘proven economic formula’US stocks fall again after rally following Trump’s shock retreat on tariffsWhat are bonds and why have they spooked Donald Trump?The US dollar slumped on Friday as waning confidence in the US economy prompted investors to ditch US assets to the benefit of safe havens like the Swiss franc, yen and euro, as well as gold.The yellow metal recorded a new all-time peak in early Asia trade, and the franc notched a fresh decade high, Reuters reports.There has been a pronounced ‘sell US’ vibe flowing through broad markets and into the classic safe-haven assets, with the USD losing the safe-haven bid. Continue reading...

Economics

9 d. ago Tesla stops taking orders in China for two models imported from US

Carmaker removes ‘order now’ buttons for Model S saloon and Model X SUV on its Chinese website amid tariffs warBusiness live – latest updatesTesla has stopped taking orders in China for two models it previously imported from the US, as companies scramble to adapt to prohibitive tariffs imposed in Donald Trump’s trade war.The manufacturer, run by Trump’s close ally Elon Musk, removed “order now” buttons on its Chinese website for its Model S saloon and Model X sports utility vehicle. Continue reading...

Politics

9 d. ago Voices: Strong GDP growth is unexpected good news for Rachel Reeves – but there’s a ‘but’

The boost to the British economy froma jump in exports to the US will be short-lived – thanks to Trump’s trade war over tariffs, says James Moore

Politics

9 d. ago China hits back at US with 125% tariffs as Xi Jinping warns Donald Trump ‘there are no winners in trade war’

The move announced on Friday is the latest tit-for-tat retaliatory tariffs hike in a growing trade war between the two superpowers

Events

9 d. ago What do Trump’s 145% tariffs on China mean and who will be affected?

As China and the US both lash out with 125% tariffs, Alicja Hagopian and Millie Cooke look at what industries will be hardest hit.

Politics

9 d. ago China raises tariffs on US goods to 125% as superpower trade war escalates even further

The move announced on Friday is the latest tit-for-tat retaliatory tariffs hike in a growing trade war between the two superpowers

Events

9 d. ago 'Wolf of Wall Street' gives his view on whether Trump is committing insider trading with tariff trade war

Stocks soared on Trump's tariffs pause with the S&P500 closing up 9.5%, while the market gained back about $4 trillion, or 70%, of the value it had lost over the previous four trading days

Politics

9 d. ago China raises tariffs on US goods from 84% to 125%, finance ministry says – business live

China’s finance ministry said it will resolutely take countermeasures against Trump tariffs and fight to the endUS stocks fall again after rally following Trump’s shock retreat on tariffsLife in Shanghai, China’s commercial capital, goes on but anti-US sentiment is hardeningThe US dollar slumped on Friday as waning confidence in the US economy prompted investors to ditch US assets to the benefit of safe havens like the Swiss franc, yen and euro, as well as gold.The yellow metal recorded a new all-time peak in early Asia trade, and the franc notched a fresh decade high, Reuters reports.There has been a pronounced ‘sell US’ vibe flowing through broad markets and into the classic safe-haven assets, with the USD losing the safe-haven bid. Continue reading...

Economics