Donald Trump sees his trade war as a show of strength. In fact, it’s the opposite

The president’s protectionist policies, ripe with potential global repercussions, show how exposed Washington feels to China’s growing power, says Guardian columnist Larry Elliott

Labour will not release long-awaited industrial strategy until June

Strategies for life sciences to be published earlier but broader report expected in June

The Guardian view on spending cuts: behold the grim return of slash-and-burn government

Editorial: Spending public money carefully is a virtue in itself, but running down the public sector can cause huge problems later on

New inflation numbers are at odds with Donald Trump’s promise to lower prices

The president repeatedly claimed he would lower prices during the election campaign, but that’s not an easy task

Inflation picks up speed after Trump promised to ‘rapidly’ bring down prices

Consumer price index rose by 3% in January as president has yet to fulfill pledge of tackling high cost of living

UK economy on course for 1.5% expansion, NIESR predicts

Thinktank cautions Trump tariffs could blow hole in forecast, with 63% of UK firms exporting to US expecting to be hit

Nationwide warns Reeves against cutting tax breaks on cash Isas

City wants more investment in stocks but move could reduce availability of mortgages for first-time buyers

Boost for UK borrowers as Santander ‘fires starting gun’ on mortgage price war

Bank to offer first two-year deal under 4% with rivals likely to follow suit

Trump announces 25% tariffs on foreign steel and aluminum

Modified US duties will be enforced ‘without exceptions’, said president, in controversial bid to boost economy

Bank of England’s Mann backed rate cut as she sees inflation ‘hump’ easing

Downturn in jobs market will mean workers will be unlikely to be able to bid up their wages, says policymaker

Asian stock markets mixed after Trump tariffs announcement while gold reaches record high

Analysts say measures so far have been less than feared but traders still cautious as uncertainty about US policy ‘has basically exploded’

Key payment systems ‘under siege’ by Trump administration, experts warn

Ex-treasury secretaries caution against administration’s subversion of checks and balances, specifically Musk

UK steel industry fears ‘devastating blow’ from Trump tariffs; FTSE 100 hits record high as markets shrug off trade war fears – as it happened

US president says 25% tariffs on steel and aluminium imports to be introduced this week as Chinese tariffs come into effect

UK Steel warns that Trump tariffs would be ‘devastating blow’

FTSE 100 hits record high as pound falls after US president says he will impose 25% levies on steel and aluminium imports

‘It’s nightmarish’: why 1.5m Britons are still hunting for a job

UK jobseekers say employers are hiring fewer staff, whom they expect to do more for less pay