Financiers thought Trump would usher in a pro-business era but financial stocks have stumbled as tariff plans became clear

Blue-chip companies including Apple tumble as investors rush to safety of US government bonds

Sackings come as top adviser Mike Waltz faces pressure for discussing military strikes in Signal chat

Exporters from cars to whisky hit, while economists warn of growth impact

UK chancellor Rachel Reeves dismissed idea of launching tax later in bid to ‘maximise revenue’, Treasury documents reveal

Beijing denounces ‘biased’ move by rating agency, insisting country’s economic foundations are stable

The market was far too optimistic

Trump’s tariffs will upend the global economic order and tarnish US prosperity

Component facilities in Michigan and Indiana are hit after carmaker idles production in Canada and Mexico

Islands’ exports to US — a category composed almost entirely of a succulent deep-sea fish — will face 42 per cent levy from next week

Trump administration’s moves put ‘China plus one’ manufacturing strategy at risk

US consumers are likely to be hit by the price rises across sectors from aviation to autos

The ‘mountain kingdom’ of Lesotho joins Pacific island Nauru on list of countries hit with punishing US tariffs

Unexpected increase in supply comes as concern over world economy hits several commodities

The Republicans have allowed a destructive economic nationalist to lead America into chaos

iPhone maker one of Wall Street’s biggest casualties despite Tim Cook’s efforts to court US president

‘Hard decoupling’ between world’s two largest economies could derail negotiations covering TikTok

Misplaced nostalgia is not a good enough reason for something that will only hurt voters

Beans and chocolate prices set to rise as a result of new levies

Blue-chip companies including Apple tumble as investors rush for safety of government bonds

President’s move to rip up global trade rule book will hit an economy already losing momentum, say economists

Calculation deeply flawed economically and will fail in stated aim of ‘driving bilateral trade deficits to zero’, say analysts

European markets fall sharply and US futures point to lower open after declines in Asia

Brexit deal means region could be hit by EU counter-tariffs on US goods

Everyone needs a drink

PM hopes to strike a US trade deal to further cut 10% levy

There is some method to the madness — it’s just a nonsensical method

Brussels plans to allow four-week window for negotiations before further retaliation

FTSE 100 group believes the £3bn narrow-body project could deliver a step change in British economy

Blackstone, KKR and EQT among buyout groups raising concerns over government reforms

Officials examine use of command and control systems and early-warning aircraft

US president’s imposition of global tariffs signals a shift in global economic policy

Shares in big retailers also tumble as they face turmoil in China and other manufacturing bases

EU warns of ‘major blow’ to global economy as US president reveals plans for 10% universal levies and higher ‘reciprocal’ duties

Diplomatic cost of the US president’s tariffs will be enduring

New duties imposed by US president will send shockwaves through global supply chains

Everybody wants sovereignty. Everybody wants wealth. Yet a fund is not, sadly, a reliable route to their creation

Starmer pledges to redouble efforts to strike trade deal with the US

Blackstone and Andreessen Horowitz among firms that would wrest control of social media site from China’s ByteDance

President reveals plans to impose 10% universal levies and higher duties on major partners