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UN calls on Trump to exempt poorest countries from ‘reciprocal’ tariffs

Unctad says many countries targeted with high tariff rates are unlikely to be a threat to US

Sky-high US-China tariffs are a mutual trade embargo that will hurt both sides

Effects could tip one into recession and undermine other’s fragile economy but prospects for rapprochement are not hopeless

Sony hikes PlayStation 5 price by 25% as Trump tariffs bite

PS5 digital price in UK would rise to £430 and €500 in Europe as Japanese games developer cites ‘challenging economic environment’

US stock markets expected to recover after Trump drops tariffs on mobiles

Exemption, seen as a climbdown, includes laptops and chips, and is likely to help firms such as Apple and Nvidia

Terrible timing and huge uncertainty: how ports and shipping are handling tariff turmoil

As they reel from Trump’s policies, companies say volatile freight costs and congestion are now the norm

Trump’s bullying must stop but the true costs of globalisation will remain

We cannot return to the status quo before ‘liberation day’, with western economies hollowed out by free-market capitalism

‘How much will a manic Trump cost me?’ Pension savers’ anxiety rises over market volatility

Guardian readers say they have been hit hard by the US-inspired trade war, with some having lost tens of thousands from their pots

In the face of Trump’s mayhem, Europe is the direction to which the UK must turn – and Keir Starmer knows it

The PM will not antagonise the unpredictable president, but it is clear to No 10 that Trump is the problem and the solution lies elsewhere, says journalist and Keir Starmer biographer Tom Baldwin

Did Trump’s tariffs kill economic populism?

Lasting damage has been done not only to Trump’s political credibility but to globalisation as a system

US stock markets rally as White House says there is ‘great optimism’ in the economy – as it happened

US markets close on high note after turbulent week as White House insists Trump’s tariffs are ‘proven economic formula’

Trump insists tariff war is ‘doing really well’ as recession fears mount

S&P 500 and Dow Jones rise sharply after extraordinarily volatile week as experts warn of continued turbulence

Trump’s tariff battle with China has ‘echoes of the Vietnam war’, US economist says

Adam Posen, former Bank of England policymaker, compared the tactics to Johnson and Nixon refusing to back down

Trump was playing chicken with tariffs. Then he chickened out

In a second term of fiat, flubbing and flip–flopping, Trump pursued his desire to wield a club over everyone and everything

Markets slide further amid fears of escalating US-China trade war

European markets slip into red after China ups ante by increasing retaliatory tariffs on US goods to 125%

China raises US tariffs to 125% as Xi invites EU to team up against Trump ‘bullying’

Chinese leader canvasses Spain and other trading partners on how to tackle economic fallout as market turmoil continues

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  • OpenAI staggers AI model release after Trump administration request
  • ‘Fork in the road’: CEO of Amazon-backed Rivian on why carmakers need to invest in EVs
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  • ITV shelves rugby in-game adverts after brands pour cash into World Cup instead
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  • First major hydropower projects in Great Britain in 40 years given go-ahead
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  • Crown estate makes more than £1bn profit for third year running
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  • Ryanair ditches family seating fees; Markets at record highs as oil hits pre-Iran war levels – as it happened
  • Unison chief endorses Ed Miliband for chancellor in a Burnham government
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  • Ryanair adopts ‘free of charge’ family seating policy after watchdog investigation
  • Reform UK plan to target EU nationals based in Britain ‘absolutely outrageous’
  • Great Britain’s grid operator pays £10m for extra power to avoid supply crunch tonight
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  • UK to halve tariff-free steel imports to counter glut of cheap Chinese metal
  • Rome airports threaten to suspend new EU passport system to avoid summer ‘disaster’

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