Category Archives: Trump tariffs

How Trump tariffs could push Vietnam into the arms of China

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The move has sent shock waves through a region of US strategic importance that had respected Trump as tough on Beijing

Vietnam had tried to appease Donald Trump: tariffs on US goods were reduced; regulations were passed to allow Elon Musk’s SpaceX to launch its Starlink in the country. The prime minister, Pham Minh Chinh, even joked in January that he would happily “play golf all day long” at Trump’s Mar-a-Lago home in Florida if it could “bring benefits to my country and my people”.

The strategies do not appear to have worked. Trump has inflicted an extraordinary 46% tariff on Vietnam that threatens to devastate its economic growth plans and undermine relations between the two countries. The tariff has sent shock waves through Vietnam, a manufacturing powerhouse where Trump has always been fairly popular, and across south-east Asia.

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China vows to ‘fight to the end’ against latest Trump tariff threat

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Beijing accuses US of blackmail and adding a ‘mistake on top of a mistake’ as Wednesday deadline for latest levies looms

China’s government says it will “fight to the end” if the US continues to escalate the trade war, after Donald Trump threatened huge additional tariffs in response to China’s retaliatory measures.

On Tuesday, China’s commerce ministry accused the US of “blackmail” and said the US president’s threats of additional 50% tariffs if Beijing did not reverse its own 34% reciprocal tariff were a “mistake on top of a mistake”.

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Bank ‘should cut UK interest rates to at least 4% in May amid tariff turmoil’

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Ex-Bank of England deputy governor Charlie Bean says cut of 0.5 points needed because of ‘crazy situation’ in US

The Bank of England should use its meeting next month to cut interest rates by at least half a percentage point to 4% in response to the financial turmoil created by Donald Trump’s trade tariffs, the former deputy governor Charlie Bean has said.

He believes an aggressive strategy is needed to combat the fallout from Trump’s tariff war, which has knocked trillions of pounds off global stock markets, undermining business and consumer confidence.

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Netanyahu discusses Gaza and tariffs with Trump at White House meeting

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President says the pair had a ‘great discussion’ while prime minister says Israel will eliminate trade deficit with US

The Israeli prime minister, Benjamin Netanyahu, met with Donald Trump on Monday for the second time since the US president’s return to office, marking the first effort by a foreign leader to negotiate a deal after Trump announced sweeping tariffs last week.

Speaking alongside Trump in the Oval Office, Netanyahu said Israel would eliminate the trade deficit with the US. “We intend to do it very quickly,” he told reporters, adding that he believed Israel could “serve as a model for many countries who ought to do the same”.

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Rightwing group backed by Koch and Leo sues to stop Trump tariffs

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New Civil Liberties Alliance says president’s invocation of emergency powers to impose tariffs is unlawful

A libertarian group backed by Leonard Leo and Charles Koch has mounted a legal challenge against Donald Trump’s tariff regime, in a sign of spreading rightwing opposition to a policy that has sent international markets plummeting.

The New Civil Liberties Alliance filed a suit against Trump’s imposition of import tariffs on exports from China, arguing that doing so under the International Emergency Economic Powers Act (IEEPA) – which the president has invoked to justify the duties on nearly all countries – is unlawful.

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UK politics: Starmer sticks by manifesto pledge not to raise taxes amid tariff turmoil – as it happened

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Prime minister says ‘no one is pretending tariffs are good news’ during speech on car industry

In his Times article Keir Starmer describes the Trump tariffs as “the beginning of a new era”. He has been saying this at least since last Thursday, when he spoke about the tariffs at a Q&A with journalists at Labour’s local elections campaign launch. The speech this afternoon is being described as the PM’s most considered response so far to the global economic turmoil generated by the tariffs, but we have already heard quite a lot from Starmer on this topic already, in a Sunday Telegraph article yesterday and in No 10 briefings on the calls he had with world leaders about the situation over the weekend.

Is there a coherent strategy? On the basis of what he has said so far, there are at least five elements in the mix at the moment.

John Ryan is a local hero and we are truly humbled that he has publicly endorsed Reform UK ahead of May’s elections in Doncaster.

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Trump threatens additional 50% tariffs on China over retaliatory levies

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President poised to further impose taxes after Beijing announced a 34% tariff on US imports as global markets fall

Donald Trump has threatened to impose an additional 50% tariff on imports from China on Wednesday unless the country rescinds its retaliatory tariffs on the United States by Tuesday.

The news comes on the third day of catastrophic market falls around the globe since Trump announced his trade war last Wednesday with tariffs on the US’s trading partners.

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Caribbean is friend of US, not an enemy, tariff-hit regional leaders tell Trump

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Barbados PM and Caricom chair calls on Washington to engage in talks to ‘keep prices down for all of our people’

The Caribbean is a friend, not an enemy, leaders in the region have told Donald Trump after the US president’s imposition of worldwide import tariffs.

The prime minister of Barbados, Mia Mottley, invited Trump to talk with leaders in the region and “work together to keep prices down for all of our people”, adding: “I say simply to President Trump: our economies are not doing your economy any harm in any way. They are too small to have any negative or distorted impact on your country.”

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Labour: changes to EV rules will have ‘negligible’ impact on UK emissions

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Transport secretary says overhaul in response to Trump tariffs supports car firms and climate goals

Labour’s changes to electric vehicle (EV) rules in response to Donald Trump’s tariffs will have a negligible impact on emissions, the transport secretary has said.

Keir Starmer has confirmed plans to boost manufacturers, including reinstating the 2030 ban on the sale of new petrol and diesel cars.

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Asian markets plunge further amid tariff fallout; Trump says ‘sometimes you have to take medicine’ – business live

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Japan’s Nikkei 225 tumbles nearly 9% on Monday as Hong Kong’s Hang Seng down 8% and South Korea trading temporarily halted amid Trump tariff concerns

Hong Kong stocks have plummeted more than 9% at open, while Singapore stocks dropped over 7%, according to reports.

Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of the widening global trade war and fears it will unleash a deep recession, Reuters says.

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Asian markets plunge further amid tariff fallout; Trump says ‘sometimes you have to take medicine’ – business live

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Japan’s Nikkei 225 tumbles nearly 9% on Monday as Hong Kong’s Hang Seng down 8% and South Korea trading temporarily halted amid Trump tariff concerns

Hong Kong stocks have plummeted more than 9% at open, while Singapore stocks dropped over 7%, according to reports.

Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of the widening global trade war and fears it will unleash a deep recession, Reuters says.

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Asian share markets routed in early trading as Trump says ‘you have to take medicine’

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US president tells reporters the levies are ‘medicine to fix something’ as Nikkei tumbles nearly 9% in early trading, worsening huge losses from last week’s announcement

Donald Trump said foreign governments would have to pay “a lot of money” to lift sweeping tariffs that he characterised as “medicine,” as markets in Asia plunged in early trading on Monday.

Speaking to reporters aboard Air Force One late on Sunday, the US president indicated he was not concerned about market losses that have already wiped out nearly $6tn in value from US stocks. “I don’t want anything to go down. But sometimes you have to take medicine to fix something,” he said.

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Asian share markets routed in early trading as Trump says ‘you have to take medicine’

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US president tells reporters the levies are ‘medicine to fix something’ as Nikkei tumbles nearly 9% in early trading, worsening huge losses from last week’s announcement

Donald Trump said foreign governments would have to pay “a lot of money” to lift sweeping tariffs that he characterised as “medicine,” as markets in Asia plunged in early trading on Monday.

Speaking to reporters aboard Air Force One late on Sunday, the US president indicated he was not concerned about market losses that have already wiped out nearly $6tn in value from US stocks. “I don’t want anything to go down. But sometimes you have to take medicine to fix something,” he said.

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Government will step in to support key industries amid tariff turmoil, says Starmer

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Carmakers will be given more flexibility over targets on transitioning to electric vehicles

Keir Starmer has said the government will step in to support key British industries, as business grapples with the economic turmoil unleashed by Donald Trump’s global tariffs.

As the government attempts to counter the impact of the White House hitting the UK with a 10% base levy on exports to the US, the prime minister will promise to help shelter vulnerable sectors and will implement key parts of the industrial strategy months early.

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Senior Trump officials give conflicting lines on tariffs after markets turmoil

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Commerce secretary insists on CBS that tariffs will ‘stay in place’ as treasury secretary tells NBC negotiation is possible

Senior officials within Donald Trump’s administration gave conflicting messages on Sunday about the US president’s global tariffs that have caused a meltdown in stock markets, prompted warnings of a world recession and provoked rare expressions of dissent from within his Republican party.

Cabinet members fanned out across Sunday’s political talk shows armed with talking points on Trump’s 10% across-the-board tariff on almost all US imports, with higher rates targeted at about 60 countries. If the intention was to calm nerves with a clear statement of intent, then it backfired as top officials gave starkly contrasting signals.

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Senior Trump officials give conflicting lines on tariffs after markets turmoil

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Commerce secretary insists on CBS that tariffs will ‘stay in place’ as treasury secretary tells NBC negotiation is possible

Senior officials within Donald Trump’s administration gave conflicting messages on Sunday about the US president’s global tariffs that have caused a meltdown in stock markets, prompted warnings of a world recession and provoked rare expressions of dissent from within his Republican party.

Cabinet members fanned out across Sunday’s political talk shows armed with talking points on Trump’s 10% across-the-board tariff on almost all US imports, with higher rates targeted at about 60 countries. If the intention was to calm nerves with a clear statement of intent, then it backfired as top officials gave starkly contrasting signals.

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Starmer warns ‘world as we knew it has gone’ as countries mull tariff responses – live updates

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PM says he will use policy to shelter British businesses following the stock market turmoil prompted by Trump’s announcement

Starmer orders economic reset amid Trump’s tariff mayhem

Welcome back to our live coverage of the economic fallout from Donald Trump’s announcement of sweeping tariffs last week.

Almost $5tn (£4tn) was wiped off the value of global stock markets after the US president made his shock announcement last Wednesday, which included a 10% base tariff on imports into the US from the UK.

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Netanyahu heads to Washington to talk tariffs and Gaza with Trump

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Tariff discussions would make Netanyahu the first foreign leader to travel to Washington in an attempt to negotiate a better deal

The Israeli prime minister, Benjamin Netanyahu, is set to travel to Washington to meet with US president Donald Trump to discuss issues including tariffs, Gaza and the “Iranian threat”, his office has confirmed.

The meeting will take place on Monday, a White House official said on the condition of anonymity.

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‘Hands Off’ protests take off across US and Europe to oppose Trump agenda – as it happened

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Protesters gather at more than a thousand events across the US and in cities abroad, such as London, Berlin and Paris. This blog is now closed.

Hundreds of protesters gathered in central London on Saturday as part of global demonstrations against Donald Trump’s administration.

Crowds gathered in Trafalgar Square with banners that read “No to Maga hate” and “Dump Trump”. The rally is one of hundreds of so-called “Hands Off” demonstrations around the world – including in cities across the US, Paris and Berlin.

We see the foundations of our society, social security, Medicare, Medicaid, the very safety nets that people have fought for, for generations, to ensure that our country lives up to its promise, are being targeted by the billionaires and the oligarchs and the corporations.

This insidious rise of authoritarianism is fueled by corrupt billionaires and mega corporations who believe that they have the right to control every aspect of our lives, our healthcare, to our schools, to our thoughts, to our very free speech under the false banner of patriotism and freedom …

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Ted Cruz warns of midterm ‘bloodbath’ if Trump tariffs cause a recession

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Texas senator’s comments another sign of Republican unease over ‘reciprocal tariffs’ and stock market plunge

Ted Cruz, the US senator from Texas, has warned that his fellow Republicans risk a “bloodbath” in the 2026 midterm elections if Donald Trump’s “liberation day” tariffs cause a recession.

Cruz also warned that the president’s tariffs, if they stay in place for long and are met by global retaliation on American goods, could trigger a full-blown trade war that “would destroy jobs here at home, and do real damage to the US economy”.

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