US will not back out of its tariff deals with UK and others, says Trump trade representative

Promise comes as minister admits to ‘uncertainty’ about new 15% levy on imports from around the world

Trump’s trade war risks undermining his hopes of hefty US interest rate cuts

Upping tariffs may have lifted the president’s mood but it is a headache for the Federal Reserve and its next chair

Friedrich Merz to meet Xi Jinping in Beijing, with goods worth €251bn traded between two countries in 2025

President announced increase from 10% using different authority from mechanism that supreme court struck down on Friday

Refunds were not addressed by supreme court ruling, and they’ll likely play out in lower courts over extended period

Labour MPs may clamour for bolder spending, but – like their Tory and Reform counterparts – they ask for the unaffordable

The decision adds to economic uncertainty, as deals Donald Trump struck with other countries are upended

US president vows to enact 10% global baseline tariff after calling the supreme court justices ‘a disgrace to the nation’

Government ‘expects privileged trading position’ to go on as EU ‘seeks clarity’ over Trump administration’s next steps

Investors respond after US supreme court rules that Donald Trump exceeded his authority in imposing sweeping tariffs under emergency powers

Record public finances accompany stronger retail sales and business activity but some analysts express caution

January increase of 1.8% beats forecasts and was also driven by shoppers snapping up jewellery online

Largest January total since records began in 1993 is sharp reversal from December’s £11.6bn deficit

Industrial trends survey shows firms are expecting to raise prices, with order books well below average

Both the US and Iran embark on military posturing amid a stand-off over Tehran’s nuclear programme