Trump imposes sweeping new tariffs on dozens of countries in latest bid to reshape global trade
High levies affecting some of world’s poorest countries are to go into effect in seven days, while Mexico granted 90-day extension
The Guardian view on Trump’s tariffs: both a political and an economic threat
Editorial: The August deadline has come, but the dangers to international relations and to world trade are both as real as ever
Starmer and Reeves should consider wealth tax, says former shadow chancellor
Anneliese Dodds urges government not to duck ‘big decisions’ in autumn budget
Tax rises in autumn would force our prices up, retailers tell Reeves
Lobby group says shops have already had to put up prices and new increases would leave households struggling
Divided Fed leaves interest rates unchanged despite Trump pressure
Two Federal Reserve governors vote against decision as US GDP grows at an annual rate of 3% in second quarter
US economy grows faster than expected as Trump announces 25% tariffs on India – as it happened
Live, rolling coverage of business, economics and financial markets as world’s biggest economy grows at 3% annualised rate in data distorted by trade wars
US and China poised to extend tariff truce after failing to find resolution at talks
Trump will need to approve pause, say US representatives after negotiations end with sides failing to break deadlock on trade terms
Ministers take note: now is the moment to fight to keep AstraZeneca’s listing in London
One hopes cogs are turning in Westminster after Pascal Soriot’s affectionate talk of US at pharmaceutical giant’s half-year results
IMF warns on risks to global economy amid tariff trade shock – as it happened
Live, rolling coverage of business, economics and financial markets as economists say ‘risks to the global economy remain firmly to the downside’ amid Donald Trump’s trade war
IMF upgrades global growth forecast as Trump tariffs ease, but warns on risks
Despite reduced tensions and EU trade deal, US policies are ‘highly uncertain’, says Washington-based organisation
Rising UK food prices turn cash-strapped shoppers away from high street
BRC says food prices rose by 4% in July from 2024, while CBI blames economic uncertainty for people not spending
Trump’s tariffs to face major court test brought by US small business owners
Plaintiffs argue president lacks legal power to impose duties under the International Emergency Economic Powers Act
Worried about the cost of living crisis? Maybe you need another lipstick
British consumers are splashing out on ‘prestige lip products’, according to market research. And these are not the only little treats that are booming with the big ones out of reach
Dollar strengthens against euro as US-EU trade deal limits uncertainty – as it happened
Live, rolling coverage of business, economics and financial markets as European stock market rally fizzles out
Starmer and Reeves should prepare UK for wealth tax, say top economists
PM could raise ‘tens of billions’ while positioning Britain as progressive, say Thomas Piketty and others