5 h. ago US supreme court to decide on legality of Trump’s sweeping global tariffs

A lower court earlier ruled president exceeded his authority when enacting tariffs under law meant for emergenciesThe US supreme court agreed on Tuesday to decide the legality of Donald Trump’s sweeping global tariffs, setting up a major test of one of the Republican president’s boldest assertions of executive power that has been central to his economic and trade agenda.The justices took up the justice department’s appeal of a lower court’s ruling that Trump overstepped his authority in imposing most of his tariffs under a federal law meant for emergencies. The court swiftly acted after the administration last week asked it to review the case, which involves trillions of dollars in customs duties over the next decade. Continue reading...

Politics

3 d. ago Blindsided by Trump, Modi is learning hard lessons about India's place in the new world order | Mukul Kesavan

New Delhi spent decades cosying up to the US. The truth is, Washington doesn’t have allies outside the west – it has clientsSign up for our new weekly newsletter Matters of Opinion, where our columnists and writers will reflect on what they’ve been debating, thinking about, reading and moreWhen Donald Trump won his second term, India’s ruling elite must have been quietly pleased. Prime minister Narendra Modi’s performative courting of King Donald, both in and out of office, suggested a special chemistry between these two titans of the hard right.As Trump set about remaking global trade and geopolitics by weaponising tariffs, India got into trade negotiations with the US early. New Delhi accepted that negotiations would be difficult, given its red lines on agricultural and dairy products. Yet it was optimistic about getting a deal commensurate with India’s economic heft – and strategic value to the US as a counterweight to China.Mukul Kesavan is an Indian historian, novelist and poli...

Politics

4 d. ago Trump’s radical agenda will ultimately reach a supreme court stacked in favor of conservatives

Court has already dramatically limited ability of lower courts to issue injunctions to pause administration policies across the USUS politics live – latest updatesThis week’s dramatic court ruling that Donald Trump’s sweeping trade tariffs, which he has used to upend global trade, were in fact illegal is the latest in a series of losses for the president’s radical agenda that are ultimately heading for a final showdown in the US supreme court.Trump has already asked the supreme court to overturn the lower court ruling in the tariffs case. Almost certain to follow are Trump’s invocation of the Alien Enemies Act to deport Venezuelans, his hostile conflict with Harvard University and his deployment of the national guard and marines to Los Angeles. All have been deemed unlawful in lower courts. Continue reading...

Politics

6 d. ago South Park's new episode 'Wok is Dead' to take fresh swipe at Donald Trump

South Park's new episode 'Wok is Dead' will take a fresh swipe at Donald Trump and his administration as the show continues to mock the US president and his policies - in particular his global tariffs

Politics

8 d. ago UK manufacturing downturn continues as new orders slide; Trump’s attack on Fed is ‘a serious danger’ – business live

Weak market conditions, US tariffs and downbeat client confidence blamed for drop in factory ordersOuch! The UK manufacturing sector shrank again last month, as factories were hit by weaker demand at home and abroad.The latest monthly poll of purchasing managers across Britain’s manufacturing sector found that new orders and new export business both fell at quicker rates in August, leading to another drop in production volumes.“Production volumes are still showing resilience in the face of global geopolitical uncertainty and US tariff policies, with both July and August having seen only slight contractions that were milder than those suffered earlier in the year. Business confidence has also lifted to a sixmonth high, reflecting hopes that the trading environment is starting to settle down.However, August also saw a steep drop in UK manufacturers’ new orders, with total order books and overseas demand both falling at some of the fastest rates seen over the past two years. Weak marke...

Politics

8 d. ago UK manufacturing downturn continues as new orders slide; Profits surge at Royal Mail – business live

Weak market conditions, US tariffs and downbeat client confidence blamed for drop in factory ordersOuch! The UK manufacturing sector shrank again last month, as factories were hit by weaker demand at home and abroad.The latest monthly poll of purchasing managers across Britain’s manufacturing sector found that new orders and new export business both fell at quicker rates in August, leading to another drop in production volumes.“Production volumes are still showing resilience in the face of global geopolitical uncertainty and US tariff policies, with both July and August having seen only slight contractions that were milder than those suffered earlier in the year. Business confidence has also lifted to a sixmonth high, reflecting hopes that the trading environment is starting to settle down.However, August also saw a steep drop in UK manufacturers’ new orders, with total order books and overseas demand both falling at some of the fastest rates seen over the past two years. Weak marke...

Economics

1 week ago US appeals court rules most of Trump’s sweeping global tariffs illegal – live

Ruling upholds decision from trade court while president attacks ‘Highly Partisan Appeals Court’ and says he will win tariff fightFull story: Most of Trump tariffs illegal, court findsA visit to Taiwan by two US senators has drawn criticism from China, which claims the island as its own and objects to any contact between officials of the two sides.The chair of the Senate armed services committee, Roger Wicker, and the Nebraska senator Deb Fischer arrived in Taipei on Friday for a series of high-level meetings with senior Taiwanese leaders to discuss US-Taiwan relations, regional security, trade and investment, according to the American Institute in Taiwan, Washington’s de facto embassy in lieu of formal diplomatic relations with the self-governing island democracy.A thriving democracy is never fully assured and we’re here to talk to our friends and allies in Taiwan about what we’re doing to enhance worldwide peace. Continue reading...

Events

2 w. ago Fed chair Jerome Powell signals interest rate cuts amid Trump attacks

Jerome Powell – who Trump has urged to resign – addressed ‘challenging’ dichotomy of economic risks, including tariffsThe Federal Reserve is gearing up to resume cuts to interest rates, its chair, Jerome Powell has signaled, as he warned Donald Trump’s tariffs and immigration crackdown had roiled the global economy and hit the US workforce.For months, Powell has ignored demands from the president to cut interest rates and defied the US president’s calls to resign. But as Trump ramps up his extraordinary attack on the Fed’s independence, Powell suggested on Friday that Fed officials are considering a rate cut. Continue reading...

Politics

3 w. ago Donald Trump branded a ‘baby with a hand grenade in shop specialising in glass’

The unflattering description of the US President from Neil Kinnock came as the ex-Labour leader hit out at the Mr Trump's 'completely inexcusable' global tariff policy.

Politics

4 w. ago Court gives former Raiders coach Jon Gruden a boost in lawsuit over ‘leaked’ NFL emails

Judges rule case won’t be overseen by NFL arbitratorGruden says NFL set out to smear his reputationFormer Las Vegas Raiders coach Jon Gruden registered a victory over the NFL in court on Monday.The Nevada supreme court, in a 5-2 ruling, decided that Gruden’s lawsuit against the league can proceed in civil court rather than being settled in an arbitration hearing to which the NFL could designate the arbitrator. Continue reading...

Events