62 h. ago Trump threatens China with extra 50% tariffs if country fails to withdraw 34% retaliatory levies – US politics live

US president escalates trade war with China, saying all negotiations will be terminated and additional levies will take effect on WednesdayGlobal stock markets tumble over tariff ‘medicine’Wall Street falls continue – business liveWhich Trump billionaires have lost the most?EU 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

62 h. 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

62 h. ago Here’s one key thing you should know about Trump’s shock to the world economy: it could work | James Meadway

It’s hard to say if the president truly knows what he’s doing. But there is a precedent for the US causing short-term chaos and reaping long-term gainIt’s less than a week since Donald Trump’s sensational announcement that he was unilaterally ending the world’s trading system with the imposition of a 10% minimum tariff for trading with the US – and a very much higher rate for those countries unfortunate enough to have the US as a major export partner. Long-term allies such as Japan and South Korea have been hammered with tariffs of around 25%, while export-dependent poorer countries such as Vietnam, which sells about a third of its exports to the US, have been hit with tariffs in excess of 45%. A further round of global debt crises is possible as heavily indebted countries face the sudden loss of export earnings.Global stock markets have tumbled as panicked investors dump shares, and political condemnation has been near-universal. China has already retaliated with 34% tariffs, threa...

Politics

5 d. 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

6 d. ago US stock markets see worst day since Covid pandemic after investors shaken by Trump tariffs

All three major US index funds close down as Apple and Nvidia, two of US’s largest companies, lose combined $470bnUS stock markets tumbled on Thursday as investors parsed the sweeping change in global trading following Donald Trump’s announcement of a barrage of tariffs on the country’s trading partners.All three major US stock markets closed down in their worst day since June 2020, during the Covid pandemic. The tech-heavy Nasdaq fell 6%, while the S&P 500 and the Dow dropped 4.8% and 3.9%, respectively. Apple and Nvidia, two of the US’s largest companies by market value, had lost a combined $470bn in value by midday. Continue reading...

Economics

6 d. ago Trump denies market turmoil is a problem, claiming ‘stock is going to boom’ – US politics live

US president insists country is going to flourish as former Republican leader Mitch McConnell says tariffs are a ‘bad policy’ US stock markets tumble as investors shaken by Trump tariffsIn the aftermath of the disastrous debate against Donald Trump that ultimately ended his political career, Joe Biden skipped a White House meeting with the congressional Progressive caucus in favor of a Camp David photoshoot with the fashion photographer Annie Leibovitz, a new book says.“You need to cancel that,” Ron Klain, Biden’s former chief of staff and debate prep leader, told the president, as he advocated securing the endorsement of the group of powerful progressive politicians perhaps key to his remaining the Democratic nominee. Continue reading...

Politics

6 d. ago Trump denies market turmoil is a problem, claiming ‘stock is going to boom’, as McConnell says tariffs ‘bad policy’

US president insists country is going to flourish as former Republican leader joins widespread criticism of Trump tariffsUS stock markets tumble as investors shaken by Trump tariffsIn the aftermath of the disastrous debate against Donald Trump that ultimately ended his political career, Joe Biden skipped a White House meeting with the congressional Progressive caucus in favor of a Camp David photoshoot with the fashion photographer Annie Leibovitz, a new book says.“You need to cancel that,” Ron Klain, Biden’s former chief of staff and debate prep leader, told the president, as he advocated securing the endorsement of the group of powerful progressive politicians perhaps key to his remaining the Democratic nominee. Continue reading...

Politics

6 d. ago Trump ‘is not going to back off’ from tariff policies, US commerce secretary says – live

Howard Lutnick tells CNN that US president stands by decision to impose sweeping tariffs on nations around the worldUS stock markets tumble as investors shaken by Trump tariffsIn the aftermath of the disastrous debate against Donald Trump that ultimately ended his political career, Joe Biden skipped a White House meeting with the congressional Progressive caucus in favor of a Camp David photoshoot with the fashion photographer Annie Leibovitz, a new book says.“You need to cancel that,” Ron Klain, Biden’s former chief of staff and debate prep leader, told the president, as he advocated securing the endorsement of the group of powerful progressive politicians perhaps key to his remaining the Democratic nominee. Continue reading...

Politics

6 d. ago US stock markets tumble as investors shaken by Trump tariffs

Dollar hits six-month low after president announces sweeping tariffs on US’s largest trade partnersTrump condemned as global markets tumble – live updatesUS stock markets tumbled on Thursday as investors parsed the sweeping change in global trading following Donald Trump’s announcement of a barrage of tariffs on the country’s trading partners.All three major US index funds were down as trading started on Thursday morning. The tech-heavy Nasdaq fund was down 4.5%, while S&P 500 and the Dow dropped 3.4% and 2.7% at opening, respectively. Continue reading...

Economics

6 d. ago FTSE 100 Live 03 April: Stocks and dollar weaken on tariffs shock, Currys shares bounce

Stock markets have tumbled as shocked investors react to the “Liberation Day” tariffs unveiled by President Trump at the White House last night.

Events

6 d. ago Stock markets tumble around the world on fears of brutal global trade war

Stock market tumbles in London but European bourses suffer bigger falls

Events

7 d. ago Trump tariffs latest: Asian stock markets tumble as investors nervously await US president’s ‘Liberation Day’

Donald Trump to unveil sweeping tariffs on any country that ‘treats the US unfairly’ today

Economics

8 d. ago Trump tariffs latest: Asian stock markets tumble at start of US president’s ‘Liberation Day’

Donald Trump to unveil sweeping tariffs on any country that ‘treats the US unfairly’ today

Politics

9 d. ago Trump administration cuts tens of millions of dollars from Planned Parenthood – live

HHS reportedly gives organization 10 days to prove that they’ll comply with orders that ban DEI and other initiativesImmigration remains a strength for Donald Trump, but his handling of tariffs is getting more negative feedback, according to a poll from the Associated Press-NORC Center for Public Affairs Research. About half of US adults approve of Trump’s approach to immigration, the survey shows, but only about four in 10 have a positive view of the way he’s handling the economy and trade negotiations. The poll indicates that many Americans are still on board with Trump’s efforts to ramp up deportations and restrict immigration. But it also suggests that the Republican president’s threats to impose tariffs – which have been accompanied by tumbling consumer confidence and wild stock market swings – might be erasing his advantage on another issue that he made central to his winning 2024 campaign. The economy was a drag on then president Joe Biden, who saw the share of Americans who ...

Politics

9 d. ago Trump administration announces review of Harvard University’s federal contracts and grants – live

Education department announces review of Harvard’s $255.6m contracts and $8.7bn multi-year grant commitments amid allegations of antisemitism Immigration remains a strength for Donald Trump, but his handling of tariffs is getting more negative feedback, according to a poll from the Associated Press-NORC Center for Public Affairs Research. About half of US adults approve of Trump’s approach to immigration, the survey shows, but only about four in 10 have a positive view of the way he’s handling the economy and trade negotiations. The poll indicates that many Americans are still on board with Trump’s efforts to ramp up deportations and restrict immigration. But it also suggests that the Republican president’s threats to impose tariffs – which have been accompanied by tumbling consumer confidence and wild stock market swings – might be erasing his advantage on another issue that he made central to his winning 2024 campaign. The economy was a drag on then president Joe Biden, who saw th...

Politics

9 d. ago Donald Trump's tariffs spark major £650billion stock market MELTDOWN

Stock markets around the world took another tumble amid of concerns over the scale of US President Donald Trump's latest trade tariffs and the impact they will have

Economics

9 d. ago Donald Trump refuses to say whether he’s planning to leave office after second term – US politics live

President criticized by some in both parties after telling NBC ‘there are methods’ in securing a third term despite constitutional barriersImmigration remains a strength for Donald Trump, but his handling of tariffs is getting more negative feedback, according to a poll from the Associated Press-NORC Center for Public Affairs Research. About half of US adults approve of Trump’s approach to immigration, the survey shows, but only about four in 10 have a positive view of the way he’s handling the economy and trade negotiations. The poll indicates that many Americans are still on board with Trump’s efforts to ramp up deportations and restrict immigration. But it also suggests that the Republican president’s threats to impose tariffs – which have been accompanied by tumbling consumer confidence and wild stock market swings – might be erasing his advantage on another issue that he made central to his winning 2024 campaign. The economy was a drag on then president Joe Biden, who saw the s...

Politics

9 d. ago Donald Trump criticized for suggesting there are ‘methods’ for a third term – US politics live

President attracting criticism from some in both parties after telling NBC ‘there are methods’ in securing a third term despite constitutional barriersImmigration remains a strength for Donald Trump, but his handling of tariffs is getting more negative feedback, according to a poll from the Associated Press-NORC Center for Public Affairs Research. About half of US adults approve of Trump’s approach to immigration, the survey shows, but only about four in 10 have a positive view of the way he’s handling the economy and trade negotiations. The poll indicates that many Americans are still on board with Trump’s efforts to ramp up deportations and restrict immigration. But it also suggests that the Republican president’s threats to impose tariffs – which have been accompanied by tumbling consumer confidence and wild stock market swings – might be erasing his advantage on another issue that he made central to his winning 2024 campaign. The economy was a drag on then president Joe Biden, w...

Politics

last month Fox correspondent makes desperate plea to Trump amid stock market free fall

One of the top voices at Fox warned Donald Trump to avoid talking up his tariff plans as the stock market takes a tumble.

Politics