AFP/Getty US President Donald Trump has said he is cutting off trade talks with Canada “immediately” as the country looks to start enforcing a tax policy targeting big tech companies. The latest move, which he announced on social media, comes as the neighbouring nations had been working to agree a trade deal by mid-July. Both...
Tom Espiner Business reporter, BBC News Reuters UK car production sank to its lowest level since 1949 in May as US tariffs hit exports, an industry group has said. Production fell by nearly a third from a year earlier to 49,810 units, according to the Society of Motor Manufacturers and Traders (SMMT), which – excluding...
Two-time NBA champion Kevin Durant will join the Houston Rockets in a blockbuster move from the Phoenix Suns. The 36-year-old forward will join the Rockets at the start of July in a deal involving eight other players. In exchange, guard Jalen Green and small forward Dillon Brooks will move to Phoenix – who will also...
Jessica Murphy BBC News, Banff, Alberta Reuters Canada’s G7 summit, under first-time host Mark Carney, had a carefully planned agenda. That programme was upended by the unfolding war between Israel and Iran and US President Donald Trump’s early departure. Still, Carney said on Tuesday this summit “can begin a new era of co-operation that promotes...
US President Donald Trump has cut short his trip to attend the Group of Seven (G7) summit in Kananaskis, Alberta, Canada, citing the Middle East conflict. The summit, being hosted by Canadian Prime Minister Mark Carney, includes leaders from France, Germany, Italy, United Kingdom, United States, Japan, and the European Union. Trump is not expected...
A new round of talks aimed at resolving the trade war between the US and China is set take place in London on Monday. A senior US delegation including Commerce Secretary Howard Lutnick will meet with Chinese representatives such as Vice Premier He Lifeng to resolve tensions between the world’s two largest economies, which is...
Business leaders believe this year’s English Riviera Airshow has brought in millions of pounds of trade to the area. The third and final day of the event took place on Sunday, with aircraft including the Red Arrows and RAF Typhoon Display Team taking to the skies above Paignton Green. Thousands of people have attended the...
Trade talks between the US and China are “a bit stalled”, the US Treasury Secretary Scott Bessent has said. His comment comes less than three weeks after a temporary trade truce was agreed between the world’s two largest economies, with both agreeing to reduce tit-for-tat tariffs. Bessent told Fox News on Thursday: “I think that...
The short answer to that question: appeal to the Supreme Court. The longer answer, especially in time: appeal to Congress. Right now, both appear to have the same prospects … somewhere between slim and none. Yesterday, the Court of International Trade — yes, we actually have one — overruled Donald Trump’s attempts to vastly expand...
Getty Images “Watch the courts” was the whispered message a well-connected diplomat told me in Washington DC last month, amid the previous episode of US tariff chaos. Most eyes were on the high-profile case in California from the Democrat Governor Gavin Newsom – that President Donald Trump’s trade tariffs were illegal. In the event, it...
BBC A US federal court has ruled that President Donald Trump overstepped his authority by imposing global tariffs, in a major blow to a key part of his economic policies. The Court of International Trade ruled that an emergency law invoked by the White House does not provide unilateral authority to impose tariffs on nearly...
The EU’s chief has said she is ready to move “swiftly” to agree a trade deal with the United States, and has held a “good call” with US President Donald Trump following his threat of 50% tariffs on the bloc. President of the European Commission Ursula von der Leyen said she spoke with Trump on...
EPA EU Trade Commissioner Maros Sefcovic warned that Europeans “stand ready to defend our interests” The European Union’s trade chief said the 27-member bloc is committed to securing a trade deal with the US based on “respect” not “threats”. It comes after US President Donald Trump threatened to slap a 50% tariff on all goods...
The Israeli military said it “regrets the inconvenience caused” by the shots. Israeli forces opened fire “directly and heavily” toward a diplomatic delegation representing over 20 countries on an official visit to Jenin refugee camp in the occupied West Bank on Wednesday, as numerous countries have ratcheted up pressure on Israel amid an escalation of...
Pro-Palestine advocates say the announcement is a publicity stunt that will do little to end the genocide. The U.K. government said on Tuesday that it is suspending free trade talks with Israel and imposing sanctions on some settlements in the occupied West Bank over Israel’s recent escalation in Gaza — an announcement being slammed by...