Trump hikes China tariffs to 125% while cutting others Read full article at source...
Gerry Georgieva, Tom Edgington, Lucy Gilder BBC Verify EPA-EFE/REX/Shutterstock President Trump has been justifying his sweeping tariffs with a series of claims about how the US is the victim of “unfair trade”. He has imposed tariffs – or import taxes – on countries around the world, including a 104% rate on goods imported from China....
A growing number of UK lenders are cutting mortgage rates as the fallout from US tariffs continues to fuel forecasts of deeper than expected interest rate cuts. Coventry Building Society became the largest mortgage provider to trim its two-year fixed rate mortgage to below 4% on Wednesday, joining a number of lenders who made similar...
Confidence in the US economy is plummeting as investors dumped government debt amid escalating concerns over the impact of Donald Trump’s tariffs. The interest rate on US bonds – traditionally considered a “safe haven” investment in times of crisis – spiked on Wednesday to touch the highest since February. Sweeping taxes on goods being imported...
Jonathan Head South East Asia correspondent Getty Images Trump’s tariffs are a blow for countries like Vietnam that rely heavily on exports US President Donald Trump’s sweeping tariffs targeting most of the world are now in effect – and outside China, no other region has been hit as hard as South East Asia. Near the...
Natalie Sherman Business reporter, New York Watch: Trump says tariffs will be ‘legendary’ ahead of 104% tax on China US President Donald Trump is ripping up the rulebook on trade that has been in place for more than 50 years. His latest round of sweeping tariffs, which came into force shortly after midnight on Wednesday,...
And, US says it will hold direct nuclear talks with Iran. Read full article at source...
Downing Street has declined to officially back a “buy British” campaign in response to Donald Trump’s tariffs. The prime minister’s spokesman said the UK was “an open-trading nation” and the government was “not going to tell people where they buy their stuff”. Chancellor Rachel Reeves told MPs such a campaign would be “inward looking” and...
Watch: Is the US heading into a recession? Three warning signs to watch A day before Donald Trump’s “reciprocal” tariffs are scheduled to kick in, the US president appears locked in a high-stakes game of chicken, with the world’s economy hanging in the balance. Some nations labelled “worst offenders” are scrambling to make nice with...
I’m not sure what President Trump’s precise tariff plans are at this point but the general goal seems to be to renegotiate trade deals with countries around the world in ways that made trade more favorable to the US. Here’s what Treasury Secretary Scott Bessent said yesterday on Meet the Press. ...
Donald Trump has threatened China with an additional tariff of 50% on goods imported into the US if it does not withdraw a countermeasure and reiterated he would not pause other tariffs as global markets tumbled for a third day. Speaking at the White House on Monday the US president said that he is not...
Shares in the US stemmed their losses on Monday, as investors clung to hopes that US President Donald Trump would turn from tariffs to trade deals. The S&P 500, which tracks 500 of the biggest companies in the US, ended the day down about 0.2%, after a wild day of trading that saw shares gyrating...
An analysis of Trump’s tariffs shows they will cost the typical US family around $3,800 in extra spending per year. In a Truth Social post on Monday, President Donald Trump falsely insinuated that his administration’s across-the-board tariffs on dozens of countries wouldn’t affect consumer costs in the U.S., and that prices of commonly purchased goods...
Measles, mass protests and mega-jails Read full article at source...
President Trump ramps up the threat of a trade war with possible more tariffs on China. Read full article at source...