Chief Secretary to the Treasury Darren Jones has described the era of globalisation as “ended”, following Donald Trump’s new tariffs. It comes after Prime Minister Sir Keir Starmer suggested in a Sunday Telegraph article he was about to announce state intervention to protect UK firms from the US president’s move. The UK was among nations...
The US began collecting a 10% “baseline” tariff on all imports on Saturday as President Donald Trump urged Americans to “hang tough” after market turmoil. The UK and France are among hundreds of countries impacted and its leaders have said nothing is off the table. While China, which has been hit the hardest by President...
Alarm over U.S. President Donald Trump’s tariffs continues to grow, with stocks plummeting and JPMorgan warning that “the risk of recession in the global economy this year is raised to 60%, up from 40%.” After China announced new 34% tariffs on all American goods beginning next week, The Associated Press reported Friday that “the S&P...
Jaguar Land Rover has announced it will “pause” all shipments to the US as it works to “address the new trading terms” after tariffs were imposed earlier this week. A 25% levy on car imports came into force on Thursday, one of several measures announced by US President Donald Trump which have sent shockwaves through...
Laura Kuenssberg Presenter, Sunday with Laura Kuenssberg•@bbclaurak BBC Prime Minister Sir Keir Starmer watched in his flat. Chancellor Rachel Reeves saw it in her study. The Business Secretary Jonathan Reynolds, accompanied by staff and pizza, took in President Donald Trump’s big tariffs reveal on Wednesday from his office in Old Admiralty Arch, from where the...
Mike Wendling Reporting fromDelta, Ohio BBC/Mike Wendling On a quick drive around the small Ohio town of Delta, you can spot nearly as many Trump flags as American stars-and-stripes banners. And at the petrol station near the Ohio Turnpike, the pumps bear relics of the last administration, with slogans slamming Trump’s predecessor: “Whoever voted for...
Annabelle Liang Business reporter Alamy The Nike Air Jordan 1 is, in some ways, the iconic US shoe. It’s a popular sneaker line by a large American brand, created four decades ago for homegrown basketball legend Michael Jordan. But although Nike sells most of its products in the US, almost all of its shoes are...
Simon Jack Business editor Getty Images As stock markets continue to tumble after the US imposition of sweeping and swingeing tariffs, many are asking does this qualify as a stock market “crash” and what that could mean for them. The word crash has been used sparingly over the decades and is usually reserved for a...
Getty Clothing from well-known American brands like the Gap could see a price increase, as they rely heavily on Asian countries for production US President Donald Trump’s plan to impose tariffs – or import taxes – for nearly every country in the world could push prices up on almost all the staples Americans routinely buy,...
Natalie Sherman Business reporters, BBC News Getty Images Stock market turmoil deepened on Friday, as China hit back at tariffs announced by Donald Trump, raising the likelihood of an extended trade war and damage to the global economy. All three major stock indexes in the US plunged more than 5%, with the S&P 500 dropping...
Tom Gerken Technology reporter Nintendo Nintendo says it will no longer open pre-orders for the Switch 2 in the United States next week, following the introduction of steep tariffs on exports from Japan. The firm unveiled the much-anticipated console on Wednesday, the same day US President Donald Trump announced his sweeping new global tariffs. It...
Stephen McDonell BBC China correspondent Reuters Neither Donald Trump nor Xi Jinping looks like they are going to back down on tariffs soon American companies looking to sell into the huge Chinese market have just taken a big hit. A 34% price increase on all US goods entering the country will knock some out of...
Getty Images Donald Trump has upended global trade with his tariffs announcement Fundamentally wrong, was how Germany’s outgoing chancellor, Olaf Scholz, described the new Trump tariffs. A unilateral attack – that was the view of Spain’s Prime Minister Pedro Sánchez. French President Emmanuel Macron called them brutal, unfounded and certain to have a “massive impact”...
The boss of US pharmaceutical giant Eli Lilly says there is no looking back from Donald Trump’s decision to impose sweeping tariffs on imports from the rest of the world. In an exclusive interview with the BBC, David Ricks described it as a watershed moment in US economic history, “I think it’s a pivot in...
Five Americans share their view on the sweeping import taxes the president has announced. Read full article at source...
