25 h. ago Stock markets slump after Donald Trump threatens EU with 50% tariffs

The US president said on Friday that discussions with the bloc were ‘going nowhere’ and that the tariffs would take effect on June 1.

Politics

5 d. ago Guinness owner hit by US trade tariffs, Just Eat takeover agreed and AI assisted shopping surge

From Just Eat’s £3.4bn sale and Diageo’s warning over US tariffs, to progress in Keir Starmer’s EU talks, a threat to UK gas storage, record house prices and a surge in AI-assisted shopping – here are today’s top UK business stories.

Economics

6 d. ago US threatens maximum tariffs as it takes tougher line on trade talks

Treasury secretary Scott Bessent says rates will jump to the high levels set on ‘liberation day’ if countries do not negotiate

Events

6 d. ago Bessent threatens maximum tariffs and takes tougher line on trade talks

Treasury secretary says rates will jump to the high levels set on ‘liberation day’ if countries do not negotiate

Events

6 d. ago Bessent warns of maximum tariffs as US takes tougher line on trade talks

Treasury secretary says rates will jump to the high levels set on ‘liberation day’ if countries do not negotiate

Events

6 d. ago This pause in the trade war will be brief. Small businesses, plan accordingly

Trump’s animosity towards China isn’t going to disappear, and his past actions do not bode well for a quick resolutionDonald Trump’s massive Chinese tariffs are on pause. The media debated. Wall Street rejoiced. Many of my clients breathed a sigh of relief. Big retailers jumped for joy. But for how long?For starters, the tariffs that weren’t paused – a 10% levy on all Chinese goods, plus a bonus 20% tax that somehow relates to fentanyl, are still in place. When you take into consideration existing tariffs on steel from previous Trump and Biden administrations, the effective tariff rate on Chinese goods is actually closer to 40%, according to an analysis done by the Wall Street Journal. Continue reading...

Events

9 d. ago Lower US tariffs on UK exports unlikely to take effect for weeks, say British officials

Companies complain of uncertainty around trade deal and the plan to reduce levies on metals and cars

Politics

2 w. ago Maersk boss says upending global trade with tariffs could take decades

Vincent Clerc says changing supply chains fast using trade war is ‘very unrealistic’

Economics

2 w. ago Ford expects to take a $1.5bn profit hit from Trump tariffs this year

Ford became the latest automotive giant to pull profit guidance as the chaos unleashed by Trump made financial forecasting impossible.

Economics

3 w. ago Throngs of admirers fill an arena to get Warren Buffett's take on tariffs and Berkshire Hathaway

Thousands of Berkshire Hathaway investors have streamed into an arena hoping to hear Warren Buffett address what he thinks of President Donald Trump’s tariffs and explain why he is sitting on $347.7 billion cash

Events

3 w. ago Trump says he does not know if El Salvador would return Kilmar Ábrego García and hasn’t asked – live

Trump said he hasn’t spoken to Bukele about mistakenly deported man – despite supreme court order requiring administration to facilitate returnKristi Noem says Ábrego García would be deported immediately if sent back to USTrump pressures journalist to accept doctored photo as realDonald Trump promptly claimed this morning that the contraction in the US economy had nothing to do with his tariff wars, repeated his habitual claim that this is all somehow his predecessor Joe Biden’s fault, and predicted the economy would boom when tariffs kicked in. He wrote on his Truth Social platform:This is Biden’s Stock Market, not Trump’s. I didn’t take over until January 20th. Tariffs will soon start kicking in, and companies are starting to move into the USA in record numbers. Our Country will boom, but we have to get rid of the Biden “Overhang.” This will take a while, has NOTHING TO DO WITH TARIFFS, only that he left us with bad numbers, but when the boom begins, it will be like no other. BE P...

Politics

3 w. ago AP PHOTOS: US stocks sink after a weak report on the economy

U.S. stocks are sinking following a discouraging report suggesting the U.S. economy may have shrunk at the start of the year, before most of U.S. President Donald Trump’s announced tariffs could take effect.

Culture

3 w. ago Aerospace giant Melrose says US tariffs creating ‘complexity’ for industry

The company told shareholders it has managed to take a number of measures to mitigate the impact of tariffs,

Politics

3 w. ago China’s manufacturing activity shrinks as US tariffs take effect

Trade tensions with the Trump administration have cast a cloud on the economy

Economics

3 w. ago US consumer confidence plunges to lowest in 5 years on tariff worries

Americans’ confidence in the economy slumped for the fifth straight month to the lowest level since the onset of COIVD-19 as worries about the impact of tariffs take a heavy toll on consumer expectations for future growth

Politics

3 w. ago Lidl to open 40 UK stores in £500 investment and Deliveroo takeover 'bid'

Watch the stories making today’s business headlines in under two minutes as Deliveroo targeted for takeover and Lidl plans £500m UK expansion. But despite the positive news, Business Editor Mark Morris fears an economic storm against the backdrop of this week’s mini-heatwave.

Economics

3 w. ago Lidl to open 40 UK stores in £500m investment and Deliveroo takeover 'bid'

Watch the stories making today’s business headlines in under two minutes as Deliveroo targeted for takeover and Lidl plans £500m UK expansion. But despite the positive news, Business Editor Mark Morris fears an economic storm against the backdrop of this week’s mini-heatwave.

Economics

4 w. ago Warning over household appliances that could catch fire while you’re asleep

Some families may want to take advantage of energy tariffs that pay cheaper rates during off-peak hours, but your appliances could be at risk of catching fire

Events