President Trump’s tariff increase on imports from China would basically end most trade between that country and the U.S., according to economist Erica York.

Chicago Fed president Austan Goolsbee forecasts a potential short-term economic bump from President Trump’s tariffs, followed by a summer drop-off.

“I wasn’t worried,” Trump said in a Time magazine interview during which he was asked about financial market tumult.

Public ownership could be the saviour of the UK’s remaining steel industry

Fellow carmakers Stellantis and Mercedes withdraw financial guidance for year over impact of trade war

The British sportscar maker Aston Martin is limiting exports to the US in the face of Donald Trump’s tariffs, while its counterparts Stellantis and Mercedes withdrew their financial guidance for the year, blaming the uncertainty around changing US policy on import levies.

Aston Martin, known for producing the cars driven by James Bond in the spy films, said it was “currently limiting imports to the US while leveraging the stock held by our US dealers”.

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Comptroller to demand credible transition plans aligned with city’s goal to reach net zero by 2040