56 m. ago It could set the industry back 50 years: fashion braces for impact of Trump tariffs

From farmers to designers, the entire supply chain will be hit – but it is unclear what duties apply to a finished productFirst it was steel producers. Then automobiles. Now the fashion industry has been left reeling from Donald Trump’s announcement on Wednesday that he was imposing tariffs on more than 180 countries including severe levies aimed at some of fashion’s biggest manufacturing regions.Trump’s “liberation day” tariffs included a 10% duty on all imports to the US but “worst offender” countries – those with whom America has bigger trade deficits – face a higher rate. Several of these are key to fashion’s supply chains. China, where everyone from Prada to Zara outsource production, faces a 54% duty. Vietnam, where more than half of Nike’s footwear was produced last year, will be subject to a 46% tariff. Pakistan, a key manufacturer of denim items, will be hit with a 29% duty. Bangladesh, where garment manufacturing makes up to 80% of its total exports, will be subjected to 3...

Politics

4 h. ago Let's take a breath: Definitely not 'happy' Starmer embarks on diplomatic mission to talk allies out of any big retaliations over tariffs

The Prime Minister last night began a flurry of diplomatic calls designed to coordinate responses to President Trump's 'Liberation Day' announcement on tariffs

Politics

8 h. ago ALEX BRUMMER: Donald Trump's Liberation Day leaves its scars

The Wall Street Journal compares 'Liberation Day' to Richard Nixon's decision to blow up the Bretton Woods system of fixed exchange rates in 1971. The Economist calls it 'Ruination Day'.

Politics

16 h. ago From Nike to Apple: which US brands could be hit hardest by Trump tariffs and what’s at stake?

Companies with suppliers in Asian countries are likely to have to raise prices after the US president’s measuresBusiness live – latest updatesDonald Trump’s “liberation day” tariff war has so far wiped trillions off the market value of publicly traded companies, with the sweeping border taxes of up to 50% poised to wreak havoc on businesses across the world.US-based global brands from Nike to Apple have suffered some of the heaviest falls in share price and market value, as investors react to fears of price increases and a potential slowdown in consumer spending. Here, we examine some of the most exposed industries and brands. Continue reading...

Politics

17 h. 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

18 h. 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

20 h. ago Trump tariffs live: FTSE hits lowest level in months after market meltdown enters second day

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

20 h. ago Trump live: ‘Liberation Day’ tariffs wipe $3.1 trillion from Wall Street as analysts warn of global recession

President Trump says his tariffs are ‘going very well’ despite U.S. markets suffering their steepest declines since 2020

Events

21 h. ago Trump tariffs live: President says Starmer ‘very happy’ with UK’s tariff after Asian markets plunge again

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

Politics

32 h. ago Donald Trump's tariffs hit major brands including Nike and H&M

Major brands have been feeling the impact of Donald Trump's newly announced 'Liberation Day' tariffs, with Nike, Adidas and Puma among the big names to suffer huge losses already

Politics

35 h. ago Unhinged Donald Trump issues bizarre 'PATIENT LIVED' rant after 'Liberation Day' tariffs bombshell

Donald Trump launched a bizarre rant claiming the 'patient lived, and is healing' after unveiling punitive tariffs on all imports - but his move has sent US financial markets into meltdown

Politics

35 h. ago Donald Trump in unhinged 'patient lived' rant after 'Liberation Day' tariffs bombshell

Donald Trump launched a bizarre rant claiming the 'patient lived, and is healing' after unveiling punitive tariffs on all imports - but his move has sent US financial markets into meltdown

Politics

38 h. ago Stocks tumble on Wall Street as Donald Trump’s sweeping tariffs send shockwaves through global markets – business live

Ursula von der Leyen says tariffs a ‘major blow’ to world economy, as US dollar falls to six month low after US President Trump’s ‘liberation day’Full report: Trump announces sweeping new tariffsAnalysis: Trump’s tariffs likely to raise prices and cause chaosWhat are tariffs and why do they matter?The new US tariffs “will only create losers” with US consumers particularly hard hit, the German Automotive Industry Association (VDA), has said in a statement, calling on the EU “to act together and with the necessary force, while continuing to signal its willingness to negotiate.”The body, which represents the powerful German auto industry, said the tariffs markedthe United States’ departure from the rules-based global trade order – and thus a departure from the foundation for global value creation and corresponding growth and prosperity in many regions of the world.This is not America first; this is America alone. Continue reading...

Economics

38 h. ago Stephen Colbert on Trump tariffs: ‘America is finally free from the tyranny of being able to buy stuff from other countries’

Late-night hosts discuss Trump’s ‘liberation day’ of sweeping tariffs and a liberal judge’s victory over an Elon Musk-backed candidate in WisconsinLate-night hosts delve into Donald Trump’s so-called “liberation day” of tariffs and the defeat of an Elon Musk-backed candidate in the Wisconsin supreme court race. Continue reading...

Politics

39 h. ago Trump declares Great Depression wouldn’t have happened with tariffs

Donald Trump has declared that the US could have avoided the Great Depression with tariffs.

Politics

41 h. ago Every reason why Trump's tariffs war matches the plot to Star Wars' Phantom Menace

EXCLUSIVE: Donald Trump's 'Liberation Day' saw the Orange Manbaby roll out a series of crippling tariffs across all countries, with some experts worried he's heading for a trade war scenario

Politics

42 h. ago Trump live: Apple and Tesla stocks drop in wake of ‘Liberation Day’ as Republicans defy president over tariffs

President Trump says he will impose blanket tariffs on all countries, hitting China and Europe hardest

Politics

42 h. ago US dollar ‘at risk of confidence crisis’ as Trump tariffs rattle global markets – business live

Ursula von der Leyen says tariffs a ‘major blow’ to world economy, as US dollar falls to six month low after US President Trump’s ‘liberation day’Full report: Trump announces sweeping new tariffsAnalysis: Trump’s tariffs likely to raise prices and cause chaosWhat are tariffs and why do they matter?The new US tariffs “will only create losers” with US consumers particularly hard hit, the German Automotive Industry Association (VDA), has said in a statement, calling on the EU “to act together and with the necessary force, while continuing to signal its willingness to negotiate.”The body, which represents the powerful German auto industry, said the tariffs markedthe United States’ departure from the rules-based global trade order – and thus a departure from the foundation for global value creation and corresponding growth and prosperity in many regions of the world.This is not America first; this is America alone. Continue reading...

Economics

42 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

43 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