Economic_News
China and EU retaliate against tariffs as Trump says ‘great time to move companies to the US’ – business live
Stock markets down in UK and across Europe after steep declines in Asia, while turmoil spreads to bond market
- China announces 84% tariffs on all US goods in response to Trump’s 104%
- Bank of England warns Trump tariffs threaten global growth and raise risk of ‘severe shocks’
Today’s tariffs follow Trump’s 10% tariff on all imports from many countries, including Australia, which came into effect at the weekend.
US customs agents began collecting the unilateral tariff at US seaports, airports and customs warehouses on Saturday. Today’s measures are higher levies on goods from 57 larger trading partners.
What is behind the Treasury sell-off?
The double whammy of falling bond and equity prices could partly be hedge funds unwinding so-called ‘basis trades’
Starmer rejects claim there are ‘strong arguments’ for suspending fiscal rules amid US tariffs – UK politics live
The PM doubled down on his insistence the government won’t change its fiscal rules, describing them as ‘ironclad’ and ‘non-negotiable’
One person probably more enthusiastic than most about the prospect of Universal opening a theme park in the UK is the Lib Dem leader Ed Davey. He is a great fan of outdoor activity-related photocalls, and he’s been at it again today, and the Gloucester Ski and Snowboarding Centre in Matson, Gloucestershire.
Almost 40 MPs and peers have signed a letter organised by Jeremy Corbyn calling for an independent inquiry into the government’s role in the war in Gaza.
Many people believe the government has taken decisions that have implicated officials in the gravest breaches of international law.
These charges will not go away until there is a comprehensive, public, independent inquiry with the legal power to establish the truth.
Last month, I wrote to the Prime Minister calling for an independent inquiry into the UK’s involvement in Israel’s assault on Gaza.
Today, more than 30 MPs have supported that call.
Fact check: are US tariffs really bringing in $2bn a day as Donald Trump claims?
US president may have used some hypothetical maths – but in reality, chances are slim that such sums are being raised
Donald Trump has defended his tariffs by arguing they are already raking in almost $2bn (£1.6bn) a day for the US.
Speaking after more than $5tn of losses on the US stock market since his “liberation day” announcement last week, the president made the claim on Tuesday, adding: “America is going to be very rich again, very soon.”
How investors can survive the ‘Orange Crash’
Market meltdowns are all the same — here are six things I’ve learnt