4 h. ago FTSE latest: UK stock markets plunge in biggest daily fall since Covid after Trump tariffs

The stock markets in the UK, France, Germany, Japan, South Korea and Australia were all falling for a second day

Politics

5 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

6 h. ago Sadiq Khan assures Londoners that Trump tariffs won't hit economy hard as stock markets plunge

The Mayor of London ‘fully’ supports the Prime Minister's efforts to secure a trade deal rather than slapping retaliatory measures on the United States

Economics

6 h. ago World’s richest billionaires lost $200bn in single day after Trump’s tariffs rocked markets

Carlos Slim was one of few to see his net worth rise - but Elon Musk, Mark Zuckerberg and others saw billions wiped off their wealth

Economics

7 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

7 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

14 h. ago IMF warns of ‘significant risk’ to global economy from Trump tariffs as markets plunge

Fund boss Kristalina Georgieva says it is important that US and trading partners avoid escalating trade warBusiness live – latest updatesThe International Monetary Fund (IMF) has warned that Donald Trump’s implementation of swingeing tariffs poses a “significant risk” to the global economy, as stock markets were hit by a punishing worldwide sell-off by investors.Kristalina Georgieva, the managing director of the IMF, said it was important that the US and its trading partners avoided further escalating Trump’s trade war, while stock markets plunged on Friday as China retaliated against the tariffs. Continue reading...

Events

14 h. ago Trump tariffs list in full: Every country hit and the surprising exemptions

Some of the world’s weakest economies in Asia are among those hardest-hit in opening salvo of global trade war

Politics

16 h. ago The tariffs are bad, but Britain should remember this: Trump will probably be gone in four years | Simon Jenkins

The UK is among those least hit by the US president’s war on the world economy. Retaliation at this point makes no senseThe tirade was astonishing. On Wednesday afternoon the world watched as the leader of its most powerful nation accused friends and foes alike of having “looted, pillaged, raped, plundered”, and simultaneously waved a bogus list of tariff imbalances. The playground paranoia was cringeworthy. What on earth was going on?The answer can only be that Donald Trump is America’s elected president for the next four years. He says he wants to end the military conflicts the US has fought or sponsored round the globe for a quarter of a century. We are waiting for that. Meanwhile, he is waging an economic war on world trade, a response that his biographer and ghostwriter, Tony Schwartz, blames on his childhood: “a life spent feeling like a victim any time he does not totally dominate he feels ripped off”. Continue reading...

Politics

16 h. ago The tariffs are bad, but Britain should remember this: Trump will be gone in four years | Simon Jenkins

The UK is among those least hit by the US president’s war on the world economy. Retaliation at this point makes no senseThe tirade was astonishing. On Wednesday afternoon the world watched as the leader of its most powerful nation accused friends and foes alike of having “looted, pillaged, raped, plundered”, and simultaneously waved a bogus list of tariff imbalances. The playground paranoia was cringeworthy. What on earth was going on?The answer can only be that Donald Trump is America’s elected president for the next four years. He says he wants to end the military conflicts the US has fought or sponsored round the globe for a quarter of a century. We are waiting for that. Meanwhile, he is waging an economic war on world trade, a response that his biographer and ghostwriter, Tony Schwartz, blames on his childhood: “a life spent feeling like a victim any time he does not totally dominate he feels ripped off”. Continue reading...

Politics

33 h. ago Government draws up list of potential products to include in tariff retaliation

The Prime Minister acknowledged there will be an economic hit for the UK from the 10% import tariff that has been slapped on British goods by the US.

Politics

35 h. ago US stocks fall sharply at open on fears of economic hit from tariffs

Slump in US dollar is ‘vote of no confidence in Trump’

Economics

35 h. ago Will Trump’s ‘liberation day’ tariffs drag US into recession?

President’s move to rip up global trade rule book will hit an economy already losing momentum, say economists

Politics

36 h. ago The five parts of Wales' economy set to be hit hardest by Donald Trump's tariffs on goods going into the USA

President Donald Trump's "liberation day" tariffs could have a huge impact on industries in the UK and Wales

Politics

37 h. ago Trump tariffs in full: Every country hit on ‘Liberation Day’ – and the surprising exemptions

Some of the world’s weakest economies in Asia are among those hardest-hit in opening salvo of global trade war

Politics

37 h. ago Thousands of British jobs at risk from Trump's trade war... but EU is hit even harder as PM warns of 'economic impact' and furious Brussels vows to retaliate

The PM admitted pain is looming as he met business leaders in Downing Street to take stock of the US action.

Events

37 h. ago UK economy set for significant tariff hit but avoids ‘direct blow’ – economists

Donald Trump slapped a 10% tariff on US imports of UK goods.

Economics

46 h. ago Canada Trump tariff exemption ‘like dodging a bullet into the path of a tank’, says business leader

Automotive industry and prime minister Mark Carney note that 25% tariffs on Canadian steel, aluminum and automobiles will still come into effect within hoursCanada’s exemption from Donald Trump’s global tariffs was “like dodging a bullet into the path of a tank”, say business leaders as other levies are poised to hit key industries that drive the country’s economy.In a theatrical unveiling of tariffs on countries with “unfair” practices on Wednesday afternoon, Canada was noticeably absent, alongside trade ally Mexico. Continue reading...

Politics

51 h. ago Asian stocks fall as investors move into ‘safe haven’ assets

President reveals plans to impose 10% universal levies and higher duties on major partners

Economics

3 d. ago PM braces for Trump to drop the bomb: Starmer admits UK WON'T be spared tariffs as Chancellor warns of huge hit to stalling economy

Keir Starmer has acknowledged the 'likelihood' that Britain will face hugely damaging levies on exports to the US on the president's so-called 'Liberation Day'.

Events