37 m. ago Trump tariffs live: China hits US with huge 34% tariff after FTSE drops in market meltdown

China hits back with huge tariffs after Trump’s ‘Liberation Day’ wipes $2.4trn from S&P 500, in its biggest one-day loss since March 2020

Politics

38 m. ago China launches major trade war response with 34% additional tariffs on US goods in retaliation for Trump's 34% levy

Beijing announced the measure today, igniting a major trade war between the two global economies. The latest wave of tariffs are in addition to the existing tariffs already imposed on US goods.

Politics

42 m. ago Stock markets plunge as China announces retaliatory 34% tariffs on US goods – business live

Global trade war escalate as Beijing hits back against Donald Trump with new tariffs on US goodsIMF warns of ‘significant risk’ to global economy from Trump tariffs as markets slideGlobal markets in turmoil as Trump tariffs wipe $2.5tn off Wall StreetAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsNew Civil Liberties Alliance, a conservative legal group, has filed what it says is the first lawsuit seeking to block Donald Trump’s tariffs on Chinese imports, saying the US president overstepped his authority. Reuters reports:The lawsuit, filed in federal court in Florida, alleges that Trump lacked the legal authority to impose the sweeping tariffs unveiled on Wednesday as well as duties authorized on February 1 under the International Emergency Economic Powers Act.“By invoking emergency power to impose an across-the-board tariff on imports from China that the statute does not authorize, President Trump has misused that power, usurped Congress’s right to contro...

Economics

45 m. ago FTSE latest: European stock markets plunge after China retaliates with 34% tariff on US goods

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

Economics

54 m. ago China responds to Trump tariffs with its own 34% levy on all US goods

China says it will impose restrictions on the export of certain rare-earth elements to the US

Politics

56 m. ago How investors can protect against tariff turbulence... and even profit from the storm

Ahead of Isa deadline day, the mood is apprehensive following Donald Trump's unveiling of his tariff plan, which has shrunk the value of many stocks and shares Isas.

Economics

59 m. ago The first UK victim of Trump's Tariff: Firm lost £350,000 order from US customer at last minute because of new levy

A businessman has lost a £350,000 deal with a US customer following President Trump's decision to hit the UK with tariffs on exports.

Economics

60 m. ago What Ancient Rome can tell us about the fate of Trump’s tariffs

When tariffs were used in Ancient Rome, they often led to higher prices, black markets and other economic problems, Peter Edwell writes

Politics

67 m. ago How could Donald Trump’s tariffs affect UK households and their finances?

Households could see their money affected in various ways following the US president’s announcement on tariffs

Politics

80 m. ago How a volcanic island of penguins but no humans ended up on Trump's tariff list

The islands can only be reached via a week-long boat trip and hasn't been visited by humans in almost a decade

Politics

91 m. ago How could Donald Trump’s tariffs affect households and their finances?

Households could see their money affected in various ways following the US president’s announcement on tariffs.

Politics

97 m. ago Trump tariffs live: FTSE hits lowest level since December as global market meltdown continues

FTSE slumps after Trump’s ‘Liberation Day’ tariffs wipe $2.4trn from S&P 500, in its biggest one-day loss since March 2020

Politics

1 hour ago David Lammy says he regrets Trump has embraced protectionism, something not seen in US ‘for nearly a century’ – UK politics live

David Lammy, foreign secretary, says UK is ‘a nation that believes in open trade’ and says government is negotiating with US over economic agreementAn anti-abortion campaigner at the centre of a free speech controversy involving the US government has been found guilty of breaching a “buffer zone” outside a Bournemouth abortion clinic, PA Media reports. PA says:Livia Tossici-Bolt was convicted at Poole magistrates’ court of two charges of breaching the Public Spaces Protection Order on two days in March 2023.The case involved the 64-year-old from Bournemouth holding a sign saying “Here to talk, if you want”.But I think our approach should be to slightly stand back and think, what does Britain want, and can it get from the rest of the world, and what can we contribute?And in that regard, it’s important to realise that the rest of the G7, except the US, collectively are the same size as the United States. And I would have thought a very sensible thing to be doing is having a serious co...

Politics

1 hour ago 'There will be blood': Trump's trade war 'means 60% chance of global recession' as shares keep plunging

The FTSE 100 fell another 140 points this morning after the US president's extraordinary assault on allies and foes alike wiped £2trillion off company values internationally.

Events

2 h. ago Tony Blair urges Starmer not to retaliate against Trump tariffs

Exclusive: In a rare intervention, the former prime minister says it’s not in UK best interests to hit back with its own tariffs

Politics

3 h. ago Trump will stop the tax break for retailers like Shein. It could change the way we shop

The days of getting low cost goods from brands like Temu could be numbered

Politics

3 h. ago David Lammy says Trump has taken US economic policy back 100 years with ‘return to protectionism’ – UK politics live

David Lammy, foreign secretary, says UK is ‘a nation that believes in open trade’ and says government is negotiating with US over economic agreementThe official plan to increase access to NHS dental services in England has been a “complete failure”, and some of the government’s initiatives have worsened the crisis, a damning report warns, Andrew Gregory reports.David Lammy, the foreign secretary, is at the Nato HQ in Brussels this morning, where Nato foreign ministers are meeting. Speaking to the media, he said President Trump was taking US economic policy back almost a century by embracing protectionism. He said:The United Kingdom, like France, is a great maritime nation.We are a nation that believes in open trade, and I regret the return to protectionism in the United States, something that we’ve not seen for nearly a century. Continue reading...

Politics

3 h. ago UK 'negotiating intensively' for US tariffs deal as Government considers response

Britain’s top stocks slid further in value on Friday morning

Economics

3 h. ago David Lammy responds after Donald Trump claims Keir Starmer is 'very happy' with UK tariffs

The Foreign Secretary said the UK is 'very concerned'

Politics

3 h. ago Minister hits back at Trump claim UK is ‘very happy’ with tariffs

Government aiming for better trade deal with US after 10% rate applied to Britain

Politics