British Prime Minister Theresa May walks out at 10 Downing Street. Photo: Frank Augstein/AP

Prime Minister Theresa May hinted at a trade war with the U.S. after the U.S. Department of Commerce decided Canadian aircraft company Bombardier, which constructs its planes in the U.K., "should be subject to 219 per cent import duty," the Telegraph reports.

Why now: This comes after Boeing "complained that Bombardier had been given unfair state aid," and May said the American company's partnership with the U.K.'s government was being "undermined" by its behavior. The U.S. International Trade Commission is expected vote next year to finalize the tariffs. Per the Telegraph, the dispute cast doubt "on a key plank of [May's] Brexit strategy."

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52 mins ago - World

Jeremy Corbyn suspended by U.K. Labour Party over anti-Semitism report

Photo: Christopher Furlong/Getty Images

The U.K. Labour Party has suspended its former leader, Jeremy Corbyn, after a watchdog report found that the party failed to properly take action against allegations of anti-Semitism during his time in charge.

Why it matters: It represents a strong break by Keir Starmer, Labour's current leader, from the Corbyn era and one of the party's most persistent scandals.

U.S. economy sees record growth in third quarter

The U.S. economy grew at a 33.1% annualized pace in the third quarter, the Commerce Department said on Thursday.

The state of play: The record growth follows easing of the coronavirus-driven lockdowns that pushed the economy to the worst-ever contraction — but GDP still remains well below its pre-pandemic level.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — Fauci says U.S. may not return to normal until 2022
  2. Politics: Space Force's No. 2 general tests positive for coronavirus
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases
  4. Europe faces "stronger and deadlier" wave France imposes lockdown Germany to close bars and restaurants for a month.
  5. Sports: Boston Marathon delayed MLB to investigate Dodgers player who joined celebration after positive COVID test.