US strikes on Iran could damage global growth, says IMF chief

Oil prices could rise if Iran goes ahead with threat to shut down shipping in the strait of Hormuz

‘Vital’ that British steel gets Trump tariff deal after UK-US trade pact, say unions

Starmer should secure deal as soon as possible to exempt UK steel from US levies, says Community union

Grocers turning to Australia, Poland and Uruguay for meat, prompting claim they are undermining British farmers

Washington-based lender cuts its forecast for world GDP growth, blaming Donald Trump tariffs

Optimism is growing in Brussels, but high-risk strategy has only weeks to play out before pause in tariff threat ends

US, Mexico and Canada economies likely to be worst affected by ongoing tariff battles, says forecast

Morocco’s commercial centre has brought investment to the continent – but critics say it masks domestic inequality

Wall Street up in early trading after US president commends bloc for calling to ‘quickly establish meeting dates’

Vulnerable countries to pay record $22bn this year, mostly relating to loans issued under Xi Jinping’s belt and road initiative

Data from hotel site Trivago shows fewer US bookings by holidaymakers from Canada, Japan, Mexico and Germany

European leaders call for ‘lowest possible’ border taxes after levies postponed from 1 June to 9 July

Threat of 50% tariffs postponed until 9 July so both sides can ‘reach a good deal’ after pressure from European leaders

Maroš Šefčovič’s remarks come after pace of talks prompted Trump to propose 50% tariff on goods from bloc

President says EU imports to US will be subject to levy from 1 June as markets slump in reaction to ‘major escalation’

Ernie Els and Retief Goosen reportedly part of delegation as president seeks to reset ties after white ‘genocide’ claims