32 m. ago Trump’s tariffs spark global recession fears as White House hints at trade deal with China: Live updates

The International Monetary Fund downgraded growth in nearly all countries amid ongoing uncertainty from the Trump administration’s trade policy

Economics

54 m. ago White House insists it can still seal 75 trade deals in 90 days – but says it’s currently only in talks with 34 countries

Trump administration isn’t backing down from raising import taxes despite warnings of an impending recession as a result of higher tariffs

Society

91 m. ago IMF forecasts three more Bank of England rate cuts this year

The International Monetary Fund has slashed its forecasts for the UK economy on the back of Donald Trump's trade tariff uncertainty warning the UK is likely to see an inflation spike

Politics

2 h. ago The Guardian view on the IMF’s warning: Donald Trump could cost the world a trillion dollars | Editorial

The US president’s economic agenda collides with fragile financial systems, triggering market fears, investor flight and developing nation chaosWake up! When the most sober of global institutions, the International Monetary Fund, abandons its usual technocratic calm to sound the alarm on the political roots of global financial instability, it’s time to pay attention. The IMF is warning of a non-negligible risk of a $1tn hit to global output, as Donald Trump’s erratic “America first” agenda – part oligarchic enrichment scheme, part mobster shakedown – collides with a perfect storm of global financial vulnerabilities.Such a shock would be equivalent to a third of that experienced in the 2008 crisis. But it would be felt in a much more fragile and politically charged environment. This time, the crisis stems not just from markets but from the politics at the heart of the dollar system. The IMF’s latest Global Financial Stability Report sees the danger in Mr Trump’s trade ...

Events

2 h. ago Trump’s tariffs raise chances of U.S. and global recession to ‘almost 100%’, economist warns: Live updates

The International Monetary Fund downgraded growth in nearly all countries amid ongoing uncertainty from the Trump administration’s trade policy

Events

4 h. ago British Steel halts plans for thousands of job losses after government intervention

Chinese firm Jingye proposed to close Scunthorpe's two blast furnaces last month

Politics

4 h. ago Workers at posh car firms may need to be put back on FURLOUGH to avoid job losses within weeks caused by Trump's trade tariffs, MPs told

The head of trade body Make UK said UK firms were already putting in contingency plans to deal with an expected slump in trade caused by the president's swing towards protectionism.

Economics

4 h. ago Trump warned US economic growth to be hit hardest by tariff trade war: Live updates

The International Monetary Fund downgraded growth in nearly all countries amid ongoing uncertainty from the Trump administration’s trade policy

Events

5 h. ago Trump trade tariffs will trigger UK job loses by the summer unless Starmer seals US trade deal, manufacturers warn amid global turmoil

The head of trade body Make UK said UK firms were already putting in contingency plans to deal with an expected slump in trade caused by the president's swing towards protectionism.

Economics

6 h. ago Gloomy economic forecast piles pressure on Reeves to secure trade deal with Trump

IMF downgrade lays bare the impact of Trump’s tariffs, with experts warning there could be more pain to come unless chancellor can secure a US-UK trade deal, as Kate Devlin reports

Economics

7 h. ago FTSE 100 bucks global Trump slump after BoE official says US tariffs might CUT inflation and wades into president's standoff with Fed chief

The FTSE 100 edged up after Megan Greene, a member of the Monetary Policy Committee, gave an assessment of the consequences of Donald Trump 's trade war.

Politics

7 h. ago Keir Starmer WILL attend Pope's funeral in Rome on Saturday as No10 dodges on whether he will meet Donald Trump amid frantic push for trade deal

The PM is understood to be likely to make the trip to Rome on Saturday.

Politics

9 h. ago JD Vance says Trump seeks to ‘rebalance global trade’ while announcing progress on US

Vice-president says administration wants to ‘build something truly new’ for global trade as he says talks with Modi have agreed trade negotiation reference pointsSpeaking in India, JD Vance has warned that the 21st century could be “a very dark time for all of humanity” depending on the decisions made over global trade and global partnerships at this juncture.The US vice-president said “We are now officially one quarter into the 21st century, 25 years in, 75 years to go. And I really believe that the future of the 21st century is going to be determined by the strength of the US-India partnership. Continue reading...

Politics

15 h. ago Asian shares trade mixed amid investor worries after Wall Street tumble

Asian shares are trading mixed amid global skepticism about U.S. investments and President Donald Trump’s trade war

Economics

17 h. ago Experts warn Trump’s trade war with China could erupt into a cold war

Earlier this month, Trump temporarily paused most tariffs while ratcheting up rates on China

Events

22 h. ago China threatens to retaliate against countries that strike trade deals with Trump

Warning from Beijing comes as Vice President JD Vance meets Indian Prime Minister Narendra Modi to discuss path to trade deal

Economics

37 h. ago China sends back Boeing jet worth $55m as Trump tariffs continue to hurt trade

Beijing cautions third countries against making trade concessions to US at its expense

Politics

37 h. ago China sends back Boeing jet as Trump tariffs escalate trade war with US

Beijing cautions third countries against making trade concessions to US at its expense

Politics

39 h. ago Secondhand stores are poised to benefit if US tariffs drive up new clothing costs

Stores selling secondhand clothing, shoes and accessories are poised to benefit from the Trump administration’s trade war even as global businesses race to avoid potential damage

Economics

52 h. ago ‘Sell America’: investors are increasingly avoiding the US – here’s what it means for Australian markets

After decades as a safe haven, Donald Trump’s economic upheaval has some traders looking to put their money elsewhere – and countries looking to decouple their economiesElection 2025 live updates: Australia federal election campaignGet our afternoon election email, free app or daily news podcastAt the same time as Australians are cutting back on plans to visit the US under Donald Trump, a new type of investment strategy designed to avoid America is fast gaining popularity.The “sell America trade”, an expression that barely existed before Trump spooked markets by unveiling his new tariff regime late on 2 April, is now a common expression among traders and appears regularly in investment notes to explain the day’s price movements. Continue reading...

Economics