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
Trump and von der Leyen announce US-EU trade deal Agreement includes 15% baseline tariff for most EU exports to US after deal reached at Scotland crunch talks
European Central Bank keeps interest rates on hold despite sluggish growth Central bank shuns calls to reduce borrowing costs as higher US tariffs loom
UK firms cutting staff at fastest pace since February as economy struggles Headcounts being reduced in response to higher taxes and uncertainty over US tariff threats, PMI survey shows
UK car manufacturing slumps to lowest level since 1953 barring Covid New vehicles declined 12% in first six months of this year as Trump’s tariffs caused chaos, SMMT figures show
EU and US nearing trade deal that would put 15% tariffs on imports from bloc Rate would apply to most goods but bloc still hardening retaliatory measures in case Trump does not agree deal
Markets rally after Trump announces tariff deal with Japan US president says Japanese imports will face 15% levy instead of threatened 25%, prompting reports of a similar deal with the EU
Superbugs could kill millions more and cost $2tn a year by 2050, models show Exclusive: Research on burden of antibiotic resistance for 122 countries predicts dire economic and health outcomes
FTSE 100 breaks 9,000-point barrier to reach new high London’s blue-chip index has risen 10% in 2025 helped by investor flight from US stocks amid Trump’s trade policies
China’s economy beats expectations in face of Trump’s trade war GDP grows 5.2% in second quarter as world’s second largest economy ‘front-loads’ shipments before tariffs kick in
Thousands of vehicles sit idle at EU port as Trump’s tariffs leave their mark Port of Antwerp-Bruges figures show 15.9% drop in export of cars, vans, trucks and tractors to US
Trump threatens to escalate trade war amid confusion over new tariff rates US president announces tariffs of up to 200% on foreign drugs and 50% on copper as he continues to shift plans
‘Now Brexit is behind us’: what’s at stake as Macron makes state visit to the UK? Future of £100bn UK-France trade relationship in focus amid attempt to show unity in face of Trump tariffs
Trump tariffs explained: what’s changed and why have Asian countries been hit so hard? The shifting timeline of Trump’s tariffs, the most significant US tariff increase in nearly a century, has roiled global markets and caused widespread confusion
EU leaders race to secure a deal as deadline looms in Trump trade talks There are just two days of talks left before the US president’s potentially swingeing tariffs are restored