US markets close with steep losses as Trump tariffs branded ‘worst self-inflicted wound’ by a successful economy – as it happened

Wall Street stocks tumbled again as investors remain jittery while former US treasury chief criticises Trump’s economic policy

Trump tariffs likely to drag down weak UK growth, Bank policymaker warns

Sarah Breedon says too early to judge impact on inflation of ‘most significant change in trade policy in a century’

Former PM says it is also the moment for the UK to go even further in renewing ties with the EU

US president may have used some hypothetical maths but chances are slim that such sums are being raised

Chancellor says asking shoppers to prioritise UK products would make country too ‘inward-looking’

Health secretary says chaos caused by fears of a global trade war will be ‘another layer of challenge’

In today’s newsletter: As Keir Starmer weighs up his response to Washington, the prime minister holds an unfavourable hand

Prime minister says UK faces a ‘changing and completely new world’ after Donald Trump’s global tariffs

Tit-for-tat levies on American goods may appeal to voters but would risk adding to UK’s economic headwinds

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

Kevin Hassett claims tariffs will not have a big effect on US consumers and there will be no ‘political coercion’ over interest rates

Trump’s baseline 10% tariff on all imports from many countries has begun, with higher levies on 57 trading partners to start next week

The key questions answered after the US president shook up the global economy with what he called liberation day

There is already arguably too little flexibility in the chancellor’s budget plan. Trump’s tariffs chaos makes a rethink inevitable

No 10 has been criticised for ‘sucking up’ to Donald Trump, but believes its defensive strategy has been vindicated