US Supreme Court rules Trump’s ‘Liberation Day’ tariffs were illegal Economics The US Supreme Court has handed down a landmark ruling that the sweeping tariffs President Donald Trump imposed on trading partners last year were illegal. Justices were weighing up a case centred around the Emergency Economic Powers Act that allows a President to regulate imports during a national emergency. The White House had argued the [...]
‘Absolutely bonkers’: Labour minister hits back at Trump’s criticism of China trade Politics A Labour minister has hit back at comments from President Donald Trump that trading with China was “very dangerous” for the UK. Sir Chris Bryant, who has served as trade minister since September 2025, said it would be “absolutely bonkers” for the UK not to do business with China. “You have to challenge China on [...]
Trump to raise tariffs on South Korea to 25 per cent Politics US President Donald Trump has said he will increase tariffs on South Korea to 25 per cent, after accusing Seoul of “not living up” to the trade deal reached late last year. In a Truth Social post on Monday, Trump said the increase would apply to a range of products including lumber, automobiles, pharmaceuticals and [...]
Nato and Europe must be ‘stronger,’ JP Morgan’s Dimon tells Davos January 21, 2026 The world’s most influential banker has said the world is “simply not safe” and called for a stronger Nato and Europe in a chilling warning to the economic elite at Davos. Speaking at the World Economic Forum, JP Morgan’s top boss Jamie Dimon said the eyes of the world “woke up” after Russia’s invasion of [...]
FTSE 100 and Wall St sink as EU and Trump war of words heats up January 20, 2026 The war of words between the Trump administration and Europe ramped up on Tuesday as world leaders headed for a showdown in Davos whilst global markets sunk into the red. Ursula Von der Leyen, the president of the European Commission, said the tariffs imposed on European nations due to their staunch defence of Greenland’s sovereignty [...]
Peter Kyle: Tariff tension could delay UK-US trade talks January 20, 2026 Donald Trump’s threat to unleash another round of tariffs on UK goods could delay work on the UK-US trade deal’s final stages, according to business secretary Peter Kyle, who branded the latest tensions “lose-lose” for Britain and America’s economies. The minister for business and trade warned the White House’s move to charge a 10 per [...]
Trump tariffs: EU ‘has tools at disposal’ to hit back amid Greenland spat January 19, 2026 The European Union has pledged it has the “tools” to hit back at the US after President Trump’s latest trade offensive amid the deepening Greenland crisis. In a daily briefing the European Commission’s deputy chief spokesperson and trade lead, Olof Gill, said “should the threatened tariffs be imposed, the European Union has tools at its disposal [...]
FTSE 100 Live: Gold soars as Trump’s tariffs threaten trade war January 19, 2026 Good morning and welcome back to the City AM liveblog. It might be a new year but it’s the same issues controlling the global markets. The FTSE 100 closed last week one per cent higher than it started at 10,235.29p. But this came around 24 hours prior to President Donald Trump’s fresh tariff attack on [...]
Santander: UK businesses shift away from China as tensions flare November 18, 2025 UK businesses are moving away from China as risks mount amid flaring geopolitical tensions. Over half of firms are taking steps to bring their supply chains closer to home, with one in five having already relocated their network closer to the UK. The moves come amid questions over China’s dominance in the supply chain, with [...]
Recession fears spike after Trump threatens new China tariffs October 11, 2025 President Donald Trump has said he will slap an additional 100 per cent tax on Chinese imports by 1 November or sooner spiking recession fears after global markets tumbled. Taking to his Truth Social platform, Trump cited the export controls placed on rare earths by China as the reason for the fresh levy. The President [...]