The US president has promised to target countries which charge tax on US imports by matching them with a reciprocal tariff. Donald Trump has ordered his team to start calculating duties by early April – increasing fears of a global trade war that could also accelerate US inflation. “On trade, I have decided for purposes
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Taken at face value Donald Trump’s embrace of reciprocal tariffs is a declaration of total trade war, that would amount to perhaps the single biggest peacetime shock to global commerce. In promising to levy import taxes on any nation that imposes tariffs or VAT on US exports, he is following through on a campaign promise
Former Trump ally Steve Bannon has pleaded guilty to fraud after donors who gave money to help build a wall on the US border were duped. The 71-year-old will avoid jail after getting a three-year conditional discharge as part of a plea deal. Bannon had been accused of falsely promising donors that all money given
Kanye West’s Yeezy online shopping platform has been taken down after selling T-shirts featuring a swastika. The rapper, also known as Ye, used a Super Bowl commercial on Sunday to send people to his website to buy the clothing emblazoned with the Nazi symbol – an image often used by the extreme-right. The ecommerce platform
The AI summit in Paris is a coming together of world leaders and technology firms designed to shape a responsible and sustainable future for artificial intelligence. But the big political day of the summit was overshadowed by a bust-up between rival billionaire tech-bros. Timed perfectly to coincide with OpenAI chief executive Sam Altman’s arrival in
The European Union owes its origins to a trade agreement that involved coal and steel. At its very heart is a belief that free trade between partners is a fundamentally good thing. Nothing is more certain to upset policymakers in Brussels than the spectre of swingeing tariffs. They saw this coming, of course. Leaders in
OpenAI’s chief executive and co-founder has told Sky News that his platform is “not for sale” after a group led by Elon Musk launched an unsolicited $97.4bn (£78.7bn) bid overnight. Sam Altman, who is attending the Paris AI Summit with world leaders, was asked whether he can still afford OpenAI after Mr Musk’s bid. “The
Donald Trump has signed two proclamations imposing 25% tariffs on all steel and aluminium imports to the US. A proclamation is a form of presidential directive to government officials, but they do not carry the force of law, as an executive order would. However the White House has said the tariffs will take effect from
Donald Trump says the Gaza ceasefire should be cancelled if all remaining Israeli hostages are not returned by noon on Saturday – as he warned Hamas that “all hell is going to break out”. The US president’s intervention came hours after Hamas has said it will delay the release of more hostages and accused Israel
American football star Travis Kelce has praised girlfriend Taylor Swift’s work ethic, saying her record-breaking Eras Tour was “excruciating” on the singer’s body and mind. Speaking ahead of Sunday’s Super Bowl, Kelce, who is a tight end for the Kansas City Chiefs, was asked by reporters what he has learnt about Swift‘s dedication to her
A small plane which crashed in western Alaska with 10 people on board has been found and the US Coast Guard (USCG) says there were no survivors. The Bering Air flight left Unalakleet at 2.38pm on Thursday but contact was lost less than an hour later, the firm’s operations director David Olson said. On Saturday,
Human remains have been recovered from a suitcase found in a New York river, police have said. The suitcase was found at around 5.30pm local time on Wednesday near Governors Island in the East River, Sky News’ US partner network NBC reported, citing its affiliate NBC New York. The New York City police force’s harbour
Donald Trump has signed an executive order banning trans women athletes from competing in female sports. The move is designed to prevent people who were biologically assigned male at birth from participating in certain sporting events, including those at school. The order, titled “Keeping Men Out of Women’s Sports”, will call for “immediate enforcement” against
Donald Trump’s announcement that he wants to “develop” Gaza and turn it into the “Riviera of the Middle East” has been described as “absurd” and “entirely unrealistic”. During a joint news conference with Israeli Prime Minister Benjamin Netanyahu late on Tuesday, Mr Trump proposed that the two million people living in Gaza could be moved
The US will take over Gaza and “own it”, Donald Trump has said. Speaking alongside Israeli Prime Minister Benjamin Netanyahu at the White House, he said the two million Palestinian people living in the territory, which he described as a “demolition site”, would go to “various domains”. Asked about deploying US troops to fill a
China has, as expected, hit back at Donald Trump’s imposition of a 10% tariff on its exports to the United States. Beijing has slapped levies of between 10-15% on a range of energy products that imports from the US. But what has surprised observers – particularly when Mr Trump kicked off the trade war over
Both Canada and Mexico have agreed to strengthen border security with the United States in return for a 30-day pause in tariffs. President Trump announced on Sunday he was imposing 25% taxes on goods from his country’s northern and southern neighbours. Mexico was first to reach a deal with the White House. Its president, Claudia
Bill Gates says he believes he would have been diagnosed with a form of autism if he had grown up in this era. The Microsoft co-founder, who is one of the world’s richest people, makes the observation in his memoir: Source Code: My Beginnings – which will be released on Tuesday. In an excerpt shared
Donald Trump is set to speak to the leaders of Canada and Mexico later but warned them against retaliating to his tariffs, saying: “We can play the game all they want.” The US leader has announced that he is imposing 25% tariffs on imports from Canada and Mexico. The two countries then hit back with
Donald Trump claims this tariff gut-punch at his three largest trading partners is just a matter of common sense. They in turn are imploring him to see reason, with Mexico and China calling for dialogue and cooperation. Follow live updates: Trump ignites trade war Canada’s prime minister Justin Trudeau said on Saturday night – as