China has strongly denounced President Trump’s threat to impose tariffs of up to 70 per cent on imports from key East Asian nations, including Japan, South Korea, Malaysia, Laos, Myanmar, Cambodia, Thailand and Indonesia.
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The world’s richest man has started the week with his Tesla stocks sliding after he announced plans to start a new political party in the USA. The America Party is designed to challenge the two-party stronghold of the Democrats and Republicans. Musk had backed away from politics for a few weeks after an epic fallout with Trump over the Big Beautiful Bill and his businesses taking a hit. But he’s back and ready to take on Trump.
Trump has announced a delay to his tariff plans as he pushes for a global trade deal, but he has threatened an extra 10% tariff on any countries that side with the policies of the BRICS alliance, as it goes against US interests.
The death toll in the horrific Texas flooding continues to rise, currently at more than 80, many of them being children. The rising death toll comes as more rain is expected in Texas and fears the situation is about to become even worse.
President Trump has postponed the roll-out of planned tariffs, originally scheduled by July 9, to take effect on August 1 instead.
The long-awaited UK-US trade deal officially came into force, reducing tariffs on UK exports to the US and strengthening transatlantic economic ties.
Cliff Notes: Nike says Trump tariffs could cost it $1bn Nike estimates an additional $1 billion in costs this year if current US tariffs remain…
In May, Chinese exports to the UK surged by 16.1% compared with the previous year, marking the highest monthly level since February 2022.
France and Germany have joined forces in calling for a measured yet assertive EU response to proposed U.S. tariffs on aircraft and aircraft parts, part of Washington’s broader 20% levies on EU imports.
At the G7 summit in Canada, UK PM Keir Starmer and US President Donald Trump inked a bilateral trade deal covering the aerospace and automotive sectors.
The 51st G7 Summit kicked off on 16–17 June 2025 in Alberta, hosted by Canadian PM Mark Carney, marking Canada’s second summit here since 2002.
President Trump claims a deal with China is finalised, though specifics on tariff reductions remain unclear, highlighting ongoing negotiations.
The UK has been temporarily spared from a steep hike in US steel and aluminium tariffs, following a new executive order signed by former President Donald Trump. While tariffs on other countries doubled from 25% to 50% starting Wednesday, the UK will remain at 25%—for now.
Cliff Notes – US trade court blocks Donald Trump | US News A US trade court has blocked Donald Trump’s proposed global tariffs, ruling he…
The United States and China have agreed to a temporary reduction in the tariffs they impose on each other’s imports, marking a significant—if short-term—easing in trade tensions between the two economic powers.
Cliff Notes – UK-US trade deal ‘isn’t worth the paper it’s written on Nobel laureate Joseph Stiglitz criticises the UK-US trade deal, stating it “isn’t…
Donald Trump is expected to announce a trade deal with the UK today, following reports from the New York Times.
Donald Trump has announced he will hit foreign-made movies with 100% tariffs sending shockwaves through the entertainment industry. Trump says the US film industry is dying as filmmakers have been leaving Hollywood for cheaper destinations such as Canada and the UK.
Donald Trump’s proposed 100% tariff on foreign films could severely impact the UK’s recovering film sector, according to industry leaders.
China’s Commerce Ministry is evaluating the Trump administration’s approaches for trade talks, but one-sided tariffs up to 145% are seen as a significant barrier, undermining trust between the two nations.
Apple will source most iPhones from India and iPads from Vietnam to avoid the effects of tariffs imposed by Donald Trump, aiming to maintain consumer prices in the US.
The “de minimis” rule exempts low-value imports from customs tariffs, with thresholds varying by country (£135 in the UK, $800 in the US).
Prime Minister Mark Carney’s Liberal party is projected to win Canada’s federal election, though a majority of 172 seats remains uncertain.
The upcoming Canadian election is heavily influenced by the “Trump effect,” with increased nationalism shaping voter preferences, particularly against conservative opposition closely aligned with Trump.
Donald Trump’s tariffs and trade policies are prompting global economic policymakers to reassess their strategies while highlighting concerns about trade imbalances and reliance on a single economic partner, particularly China.
The chancellor is back on the front pages this morning ahead of a meeting with her American counterpart. Rachel Reeves is in the United States in hopes of securing a trade deal but has warned she will not rush it.
The ongoing choas from Trump’s tariffs are back on the UK front pages as the IMF cuts global growth rates and confirms the UK is set to be amongst the hardest countries hit. The US has received the biggest downgrade amongst advanced economies as anxiety drives gold up amid Trump’s constant attacks on the Federal Reserve boss Jay Powell. There are concerns over how independent the central bank is and general worries over the state of the US economy.