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Key US stock index closes more than 10% down from February peak amid volatility caused by president’s tariffsThe S&P 500, a key US stock market index, closed in correction territory on Thursday as the volatility of Donald Trump’s trade wars rattled…
Britain in middle as some of US’s trading partners retaliate while others want ‘pragmatic’ route in hope levies are easedSailors crossing the Atlantic in March are used to dealing with rough seas. But when two shipments of steel from Marcegaglia Stainl…
US president says levy on alcohol imports would be retaliation for ‘nasty’ 50% tariff imposed on bourbon whiskeyUS politics live – latest updatesDonald Trump has threatened a 200% tariff on wine and champagne from European Union countries, in the lates…
Australia’s ambassador to the US tells ABC’s 7.30 that he has ‘thrown everything’ at trying to get an exemption to leviesGet our breaking news email, free app or daily news podcastKevin Rudd, Australia’s ambassador to the US, has vowed to keep fighting…
Canadian government says it will follow ‘dollar-by-dollar’ approach and institute 25% tariffs on US importsCanada announced retaliatory tariffs on nearly C$30bn worth of American imports after US tariffs on steel and aluminum imports went into effect o…
Secretary of state’s visit has backdrop of trade war between US and allies and Trump’s threats to take over CanadaMarco Rubio has said he is not planning to discuss Donald Trump’s threat to “take over Canada” during a visit to Quebec, as Washington’s t…
Republicans only have 52 yes votes and senator says Democrats won’t help get to the 60 votes needed for the bill to pass. This blog is now closed.Congressional brinkmanship, including repeated near-misses with shutdowns and over the nation’s $36 trilli…
Industry minister Ed Husic says aluminium and steel tariffs come after Australia ‘stood by and stood with Americans for many decades’Get our breaking news email, free app or daily news podcastThe industry minister, Ed Husic, has called Donald Trump’s t…
US goods due to be affected from 1 April include bourbon whiskey, jeans and Harley-Davidson motorbikesBusiness live – latest updatesThe EU has announced it will impose trade “countermeasures” on up to €26bn (£22bn) worth of US goods in retaliation to D…
Brussels countermeasures to target €26bn of US goods from April while UK takes ‘pragmatic’ approach; US tariffs cover wide range of household goods such as tin foilFull story: Trump tariffs on steel and aluminium come into effect amid US-Canada trade w…