Musk advocates for ‘effective free-trade zone’ between the US and Europe April 6, 2025 Elon Musk has voiced his support for an “effective free-trade zone” between Europe and the US, days after US President Donald Trump imposed a sweeping set of tariffs on the world. Trump placed a 20 per cent tariff on most EU goods going into America on April 2, as well as a range of tariffs [...]
Jaguar Land Rover to ‘pause’ US shipments in wake of tariffs April 5, 2025 Jaguar Land Rover has said it will “pause” shipments to the US as it works to “address the new trading terms” of Donald Trump’s tariffs. A 25 per cent levy on all foreign cars imported into America came into force on Thursday, and a wider “baseline” 10 per cent tariff on goods imported from around [...]
Global markets nose-dive as Trump’s tariff on UK products comes into effect April 5, 2025 Donald Trump’s 10 per cent tariff on UK products has officially come into force, with global stock markets plunging deeper into the red in response to the imposition of import taxes. Prime Minister Sir Keir Starmer is expected to spend the weekend speaking to foreign leaders about the tariffs, after calls with the prime ministers [...]
FTSE 100 plunges as global trade war ramps up April 4, 2025 The FTSE 100 nosedived today after China announced a 34 per cent retaliatory tariff against the US. Trump’s ‘Liberation Day’ assault has continued to linger over markets, with the UK’s flagship index closing on a 4.9 per cent loss at 8,063.12. This was the FTSE 100’s biggest loss since the beginning of the pandemic on [...]
UK retailers respond to Trump tariffs: ‘The timing couldn’t be worse’ April 4, 2025 Retail bodies and tax advisers have warned that Trump’s tariffs come at a dire time for UK retail, saying price rises are “inevitable”. US President Donald Trump announced a 10 per cent tariff on goods from the UK on 2 April, and a range of higher tariffs on many of the countries retailers manufacture goods [...]
Rolls-Royce: FTSE 100 giant sees shares crash as global trade war revs up April 4, 2025 Shares in FTSE giant Rolls-Royce sank as much as 10 per cent on Friday after fears of a global trade war exploded. Global markets tumbled after China announced a 34 per cent retaliatory tariff against the US. Rolls-Royce, which is a prominent exporter of aircraft and marine engines and power systems, saw its stock price [...]
Trump’s Liberation Day has delivered what he loves most: Phone calls April 4, 2025 Like all businessmen, Trump loves being on the phone. Liberation Day was a grab for attention, and boy did it deliver, writes Helen Thomas.
HSBC, Natwest and Barclays shares plunge as FTSE 100 downturn deepens April 4, 2025 The FTSE 100’s ‘Big Five’ banks were back in the red on Friday as tariff woes intensified. Shares in Natwest and Barclays slumped nearly ten per cent after China announced retaliatory tariffs against the US, making them the index’s top fallers. HSBC lost over eight per cent. Lloyds and Standard Chartered were not far behind [...]
Trump’s tariffs set to drive UK insurance coverage costs up April 4, 2025 After the US slapped several of the world's largest economies with tariffs, the insurance market in the UK prepares for increased costs.
Trump’s tariffs trigger Wall Street’s biggest losses since 2020 April 4, 2025 Trump’s ‘Liberation Day’ tariff onslaught left global markets with some of their biggest losses since the pandemic. The FTSE 100 sank 1.5 per cent as banking and tech stocks across the globe dragged the index down. The FTSE 350 bank index fell nearly eight per cent, as Standard Chartered, HSBC, and Barclays all suffered heavy losses. Over [...]