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Global 25% levy regime on steel and aluminium imports due to come into effect at midnight US timeAustralia’s record gold exports to US set back its case for tariff relief as Trump trade war loomsFollow our Australia news live blog for latest updatesGet…
European Commission announces countermeasures after sweeping US levies of 25% come into force without any exemptionsDonald Trump’s tariffs on steel and aluminum imports took effect on Wednesday “with no exceptions or exemptions”, as his campaign to reo…
British PM has discussed issue with president, as US trade war with Canada escalatesBusiness live – latest updatesKeir Starmer has said he will not hit back with immediate counter-tariffs if Donald Trump imposes 25% levies on all steel and aluminium im…
Dow, S&P 500 and Nasdaq all down by at least 2% and Tesla shares fall 15% for worst day since September 2020The US stock market continued to drop on Monday as the White House denied that Donald Trump’s trade policies were causing lasting chaos wit…
Former central banker won landslide victory in Liberal party race as trade war with US hastens transfer of powerCanada’s incoming prime minister, Mark Carney, has met with Justin Trudeau as the pair discuss a transfer of power after the former central …
Stephen Moore, who contributed to Project 2025, urges Congress to pass tax cuts by Memorial DayDonald Trump’s focus on tariffs as an economic weapon is “misguided”, and the US economy is “very wobbly”, a former adviser and longtime supporter of the pre…
Premier Doug Ford says province ‘won’t back down’ until US president retracts duties on CanadaThe Canadian province of Ontario is imposing a 25% surcharge on electricity exports to the states of New York, Michigan and Minnesota in protest against Donal…
Donald Trump’s brinkmanship and stop-start approach to tariffs rattle investorsBusiness live – latest updatesThe risk that the US economy will enter recession this year is rising, according to economists, as Donald Trump’s chaotic approach to tariffs c…
Canada’s incoming prime minister warns the US president’s tariffs threaten the ‘greatest crisis of our generation’When Mark Carney becomes Canada’s prime minister later this week, a list of simmering crises across the country will demand his attention:…
President downplays recent stock market volatility that followed his ducking and weaving over tariff policyDonald Trump on Sunday refused to rule out the possibility that the US economy will head into recession this year and that inflation will rise, a…