81 m. ago Trump tariffs live: US markets see worst day in five years as president claims ‘stock is going to boom’

US president insists country is going to flourish as markets close sharply down; Republican ex-leader Mitch McConnell says tariffs are a ‘bad policy’US stock markets have worst day since Covid over Trump tariffsGlobal markets in turmoil amid Trump tariffsTrump’s chaos-inducing global tariffs, explained in chartsIn 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

2 h. ago Global markets in turmoil as Trump tariffs wipe $2.5tn off Wall Street

Economists say levies of between 10% and 50% have dramatically added to the risk of a worldwide downturnGlobal financial markets have been plunged into turmoil as Donald Trump’s escalating trade war knocked trillions of dollars off the value of the world’s biggest companies and heightened fears of a US recession.As world leaders reacted to the US president’s “liberation day” tariff policies demolishing the international trading order, about $2.5tn (£1.9tn) was wiped off Wall Street and share prices in other financial centres across the globe. Continue reading...

Economics

2 h. 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

3 h. 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

4 h. ago Global markets in turmoil as Trump tariffs wipe $2tn off Wall Street

Economists say levies of 10-50% have dramatically added to the risk of a worldwide downturnGlobal financial markets have been plunged into turmoil as Donald Trump’s escalating trade war knocked trillions of dollars off the value of the world’s biggest companies and heightened fears of a US recession.As world leaders reacted to the US president’s “liberation day” tariff policies demolishing the international trading order, about $2tn (£1.5tn) was wiped off Wall Street and share prices in other financial centres across the globe. Continue reading...

Economics

4 h. 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

8 h. ago ‘Creating chaos and crisis’: Democrats slam Trump’s sweeping tariffs as global markets tumble – live

Democrats accuse Trump of ruining US economy on purpose and note the lack of tariffs for RussiaGlobal markets react to Trump tariffs – follow liveAnalysis: Trump promised lower prices – his tariffs risk the oppositeIn 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

8 h. ago Donald Trump's 'politically toxic' demands to UK in global trade war revealed as experts speak out

If Sir Keir Starmer was to increase the amount of American food and other products on the shelves of British shops and supermarkets, it would be "politically toxic" and hugely unpopular here in the UK

Politics

8 h. ago What does the UK trade with the US and how will the tariffs impact that?

The latest tariffs from the Trump administration have sent shockwaves across the world

Politics

8 h. ago Donald Trump imposes trade tariffs on islands where penguins live but no humans

Heard Island and McDonald Islands - a volcanic Australian territory near Antarctica where no humans live - has had a 10% tariff on goods imposed on it, despite being among the remotest places on Earth

Politics

13 h. ago Asian countries riven by war and disaster face some of steepest Trump tariffs

Myanmar, Cambodia and Laos hit with rates over 40% as experts say the real target is ChinaBusiness live – latest updatesDeveloping nations in south-east Asia, including war-torn and earthquake-hit Myanmar, and several African nations are among the trading partners facing the highest tariffs set by Donald Trump.Upending decades of US trade policy and threatening to unleash a global trade war, the US president announced a raft of tariffs on Wednesday that he said were designed to stop the US economy from being “cheated”. Continue reading...

Events

14 h. 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

14 h. ago Donald Trump declares trade war as expert reveals 'only' way UK

Keir Starmer warned an "economic impact" will be felt across the country following Donald Trump's tariff war, as an expert believes the UK remains "adrift" and "searching for relevance"

Politics

15 h. 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

17 h. ago Trump tariffs latest: US President unleashes sweeping tariffs on UK and rest of world as Europe warns of 'dire consequences'

EU chief Ursula von der Leyen warns of ‘dire’ consequences ‘for millions of people around the globe’ from Trump’s tariffs

Events

17 h. ago Trump tariffs latest: US President unleashes sweeping tariffs on UK and rest of world in 'major blow to global economy'

President’s ‘Liberation Day’ announcement spares UK from worst of tariffs but will undo trade arrangements that have been in place since 1947

Politics

20 h. ago Trump imposes tariffs on uninhabited Heard and McDonald Islands near Antarctica

Australian prime minister surprised after external territories – including tiny Norfolk Island and remote islands home to penguins – targeted by US presidentA group of barren, uninhabited volcanic islands near Antarctica, covered in glaciers and home to penguins, have been swept up in Donald Trump’s trade war, as the US president hit them with a 10% tariff on goods.Heard Island and McDonald Islands, which form an external territory of Australia, are among the remotest places on earth, accessible only via a two-week boat voyage from Perth on Australia’s west coast. They are completely uninhabited, with the last visit from people believed to be nearly 10 years ago. Continue reading...

Politics

21 h. ago ‘War’ and ‘pain’: what the papers say about Donald Trump’s trade tariffs

The US president has announced new taxes on imports to the US starting at a baseline of 10% – here is the front-page reaction in BritainDonald Trump’s tariff “day of liberation” arrived with the US president imposing markups on imports while accusing other nations, including allies, of “looting, pillaging, raping and plundering” the US.The UK got off relatively lightly with the basic 10%. Here is how major British newspapers see it. Continue reading...

Politics

24 h. ago There is now only a slim chance that a global recession can be averted

Editorial: Decades of painstaking work to establish rules for international trade are being undone by the stroke of a presidential Sharpie. To restore order, something akin to a peace process will be needed

Politics

24 h. ago No escape for UK as Trump targets ‘foreign cheaters’ in new global trade war

Keir Starmer urges ‘calm’ as Donald Trump reveals that UK companies face a 10 per cent tariff from 0500 GMT

Events