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

UK prime minister hopes negotiations between London and Washington could further reduce the levy

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

Even a sector in secular decline can generate a lot of cash via advertising and subscriptions

Position heading so-called efficiency department thought to be vulnerable after loss of Wisconsin supreme court election

In both countries, the mood is newly sober as a system of vested interests fights back

CCC has urged ministers to limit aviation emissions to ensure Britain meets its net-zero target

Shares in Trump Media and Technology Group drop after company outlines plans in filing

‘Supranational’ vehicle would purchase for participating states at more favourable borrowing rates

Shares rise on report Elon Musk to leave Trump administration

UK prime minister tells MPs a trade war is ‘in nobody’s interests’

There is nothing accountable or legitimate about unelected officials setting taxation and spending policy

MPs hear evidence in wake of substation fire that led to hundreds of cancelled flights

Defence minister expands renewed offensive in Palestinian enclave

Head of International Rescue Committee says reductions cannot come at worse time

Trading on Wall Street volatile as US president prepares to escalate trade war on ‘liberation day’

Firms like Paul Weiss have hired star lawyers to expand in dealmaking. Fear of losing business has made them less willing to have a fight with the government

If society is shot through with genetic influences, how should social inequality be addressed?

Agreement would help top firms to move staff working on audits of banks and dual-listed companies

Republicans retain US House seats in Florida special elections but Democratic vote rises

Billionaire backs case brought by Coinbase client whose data was surrendered to authorities

Rightwing media mogul makes windfall on paper as stock in lossmaking conservative cable TV channel soar

National Labor Relations Board freezes pair of disputes after Crystal Carey nominated as agency’s general counsel