38 m. ago Trump tariffs live: China says ‘market has spoken’ after global stocks sink and FTSE sees biggest drop since Covid

UK’s key FTSE-100 stock market suffered its worst one-day drop since the pandemic

Politics

67 m. ago America’s Brexit? Trump’s historic gamble on tariffs has been decades in the making

Trump’s economic assault on the world stunned economists and sent stock markets into a spiral. Who will pay the price?Donald Trump’s vast overhaul of US trade policy this week has called time on an era of globalization, alarming people, governments and investors around the world. No one should have been surprised, the US president said.The announcement of 10% to 50% tariffs on US trading partners tanked stock markets after Trump unveiled a “declaration of economic independence” so drastic it drew comparison with Britain’s exit from the European Union – Brexit. Continue reading...

Politics

96 m. ago First lawsuit against Trump’s tariffs argues he illegally used emergency powers

‘These unlawfully implemented tariffs cause harm to American businesses, American jobs, and American consumers,’ says Florida entrepreneur who filed suit

Politics

1 hour ago Trump tariffs come into effect in ‘seismic’ shift to global trade

‘Baseline’ 10% import levy takes effect at US seaports, airports and customs warehouses on Saturday, with some higher tariffs to begin next weekUS customs agents began collecting President Donald Trump’s unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week.The initial 10% “baseline” tariff took effect at US seaports, airports and customs warehouses at 12.01am ET (0401 GMT), ushering in Trump’s full rejection of the post-second world war system of mutually agreed tariff rates. Continue reading...

Politics

3 h. ago It could set the industry back 50 years: fashion braces for impact of Trump tariffs

From farmers to designers, the entire supply chain will be hit – but it is unclear what duties apply to a finished productFirst it was steel producers. Then automobiles. Now the fashion industry has been left reeling from Donald Trump’s announcement on Wednesday that he was imposing tariffs on more than 180 countries including severe levies aimed at some of fashion’s biggest manufacturing regions.Trump’s “liberation day” tariffs included a 10% duty on all imports to the US but “worst offender” countries – those with whom America has bigger trade deficits – face a higher rate. Several of these are key to fashion’s supply chains. China, where everyone from Prada to Zara outsource production, faces a 54% duty. Vietnam, where more than half of Nike’s footwear was produced last year, will be subject to a 46% tariff. Pakistan, a key manufacturer of denim items, will be hit with a 29% duty. Bangladesh, where garment manufacturing makes up to 80% of its total exports, will be subjected to 3...

Politics

3 h. ago Rachel Reeves speaks on whether tax rises will hit workers after Donald Trump tariffs announcement

The UK Chancellor was forced to make unpopular cuts to the welfare bill after the country's growth forecasts were downgraded.

Economics

4 h. ago Another Republican edges away from Trump: Senator Kennedy sounds alarm on plunging market

Kennedy joins a small but growing group of Republican lawmakers getting restless over Trump levies and the market meltdown

Politics

4 h. ago Historic stock plunge leaves Americans rattled after Trump tariff announcement: 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 $6 trillion in two days

Politics

4 h. ago Historic stock plunge after Trump tariff announcement leaves Americans rattled: 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 $6 trillion in two days

Politics

6 h. ago Keir Starmer 'hopes to win over Donald Trump in tariffs row with trip to Scotland to meet the King

Although the trip is not directly linked to diplomatic efforts to improve tariffs between the UK and the US, some Whitehall officials are hoping that the royal itinerary makes way for constructive talks.

Politics

7 h. ago Let's take a breath: Definitely not 'happy' Starmer embarks on diplomatic mission to talk allies out of any big retaliations over tariffs

The Prime Minister last night began a flurry of diplomatic calls designed to coordinate responses to President Trump's 'Liberation Day' announcement on tariffs

Politics

7 h. ago Trump’s tariffs squeezes Republicans as they struggle to pass his agenda

Analysis: Trump’s tariffs are making it harder for Republicans to cut taxes and spending, Eric Garcia writes

Politics

7 h. ago Trump’s tariffs squeeze Republicans as they struggle to pass his agenda

Analysis: Trump’s tariffs are making it harder for Republicans to cut taxes and spending, Eric Garcia writes

Politics

7 h. ago Trump’s 10% tariff on UK products to come into force as stock markets plunge

The FTSE 100 fell on Friday in its worst day of trading since the start of the pandemic while markets on Wall Street also tumbled.

Politics

8 h. 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

8 h. ago Retirees keep their eyes on the economy as Trump's tariffs roil financial markets

With financial markets roiling as President Donald Trump unveiled his latest tariffs this week, the economy has been top of mind for many retirees

Economics

10 h. ago Ted Cruz admits if Trump’s tariff gamble backfires, it could cost Republicans politically

Senator said he supported president but worries any recession could cause 2026 ‘bloodbath’ for Republicans at the ballot box

Politics

10 h. ago Americans watch in horror as savings are WIPED OUT as Wall Street chaos sees trillions more dollars evaporate

U.S. stocks crashed again on Friday, signaling another round of selloff on Wall Street.

Events

10 h. ago Stock market closes week in bloodbath as Trump’s tariffs cause historic two

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

Politics

10 h. ago Wall Street selloff caps brutal week for markets as Trump tariffs rattle investors

Slumps on S&P 500, Dow and Nasdaq cap dismal day for global indices but US president doubles down on tariff planWall Street suffered its worst week since the onset of the Covid-19 crisis five years ago as investors worldwide balked at Donald Trump’s risky bid to overhaul the global economy with sweeping US tariffs.The US president doubled down on his plan on Friday, insisting he would not back down even as the chairman of the Federal Reserve warned it would likely raise prices and slow down economic growth. Continue reading...

Economics