63 m. ago China warns Trump ‘we don’t back down’ in trade war after he blinks with tariffs U

Beijing has vowed to fight an all-out trade war ‘to the end’ and is comparing the economic battle to the Korean War which ended in stalemate

Events

1 hour ago Tariffs live: China hits back against Trump with 84% duty on US goods coming into force

Trump intensifies trade war with China but softens stance elsewhere after US bond market jitters

Politics

3 h. ago Global stocks soar as Donald Trump backs down from trade war

Washington pauses most tariffs against countries that have not retaliated but increases levies on China

Politics

3 h. ago China’s new tariffs on US goods take effect as Asian markets rally after Trump’s tariff reversal – business live

China’s 84% retaliatory tariffs on US goods, announced on Wednesday, are due to come into effect on ThursdayRead the latest full reportChina and the European Union have exchanged views on strengthening their economic and trade cooperation in response to US tariffs, the Chinese commerce ministry said on Thursday, according to Reuters news agency.In a video call on Tuesday, China’s commerce minister Wang Wentao discussed with European trade and economic security commissioner Maros Sefcovic the restart of talks on trade relief and to immediately carry out negotiations on electric vehicle price commitments, the Chinese ministry statement said. Continue reading...

Economics

4 h. ago Price of Apple iPhone set for staggering hike amid Donald Trump's trade war

Apple's share price plunged to such an extent it lost the crown as the world's most valuable company to Microsoft in recent days following Donald Trump's trade war

Politics

4 h. ago Tariffs live: Asian markets rebound after Trump pauses most tariffs – but 125% levy on China remains

Trump intensifies trade war with China but softens stance elsewhere after US bond market jitters

Politics

8 h. ago China’s new tariffs on US goods to come into effect as Trump pauses measures for other countries – business live

China’s 84% retaliatory tariffs on US goods, announced on Wednesday, are due to come into effect on ThursdayRead the latest full reportIn a stunning U-turn, Trump has reversed high tariffs on most nations – at least for 90 days. But the focus is now on China, the second-biggest provider of US imports, of which the pause does not apply.Instead, Trump has raised tariffs on China to 125%, while China has announced new tariffs of 84% on all US imports, further escalating a high-stakes confrontation between the world’s two largest economies.For President Xi, there is only one politically viable response to Trump’s latest threat: Bring it on! Having already surprised domestic audiences with a forceful 34% reciprocal tariff, any appearance of backing down would be politically untenable,” says Diana Choyleva, founder and chief economist at Enodo Economics, a forecasting firm.”Global markets surged after Trump announced his 90-day tariff pause. The S&P 500 surged 5.6%, while the Nasdaq h...

Politics

9 h. ago Trump signs executive order on water pressure to ‘restore shower freedom’

White House says order will ‘make America’s showers great again’ and ‘end the Obama-Biden war on water pressure’A global trade war roller coaster was not enough to distract Donald Trump from fulfilling one of his longtime priorities Wednesday: changing the federal definition of “showerhead”, a move the White House said would “end the Obama-Biden war on water pressure”.Trump has complained for years about inadequate water pressure in American showers, sinks and toilets, and has blamed federal water-conservation standards for the problem. Continue reading...

Politics

12 h. ago US stocks soar as Donald Trump backs down in global trade war

Washington scraps most tariffs against countries that have not retaliated but increases levies on China

Politics

14 h. ago CHRISTOPHER BUCKTIN Donald Trump's tariff tantrum is a trade war climbdown dressed as victory

Donald Trump’s approach to tariffs has been as simplistic as it is catastrophic - slap them on, bark about winning, and expect the rest of the world to capitulate. But the world didn’t play along

Politics

14 h. ago The Guardian view on Trump’s trade war: no one will win, but China is taking the long view | Editorial

Beijing is braced for turbulence due to swingeing tariffs. But it sees a bigger, more promising story of US hegemonic declineNo one, least of all consumers and workers, will win the ferocious trade war that Donald Trump has unleashed. This is “a game of who can bear more pain”, in the words of one analyst. And because trade is at the heart of US ties with its biggest tariff target, China, the rest of the bilateral relationship is likely to deteriorate. That too is concerning.Yet China, despite the economic struggles of recent years, may see a longer-term opportunity in the current crisis. Beijing’s response to the initial US tariff announcements was measured. Now it vows to “fight to the end” and has imposed an additional 50% tariff on US goods – taking the total to 84% – in retaliation for tariffs that Mr Trump now says will hit 125%.Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for p...

Politics

15 h. ago Whoopi Goldberg tirades against Trump tariffs on The View: ‘Not what the American people want’

‘The View’ co-host expressed her bafflement about Trump’s international trade war

Politics

15 h. ago Whoopi Goldberg lambasts Trump tariffs on The View: ‘Not what the American people want’

‘The View’ co-host expressed her bafflement about Trump’s international trade war

Politics

16 h. ago I’ve seen many phoney trade wars come and go. This is the real thing | Larry Elliott

This battle between the US and China goes far beyond market turmoil – it has killed off the liberal dream of a borderless world Donald Trump’s decision to impose a 104% tariff on Chinese imports into the US – and China blasting back with 84% – has spooked the financial markets. The response is entirely rational. Over the past few decades, phoney trade wars have been commonplace. Rival nations have squared off against each other, indulged in a bit of sabre-rattling, but eventually agreed on a deal. Headlines that screamed “trade war looms” were quickly replaced by those that read “trade war averted”. This time it’s different. The battle between the US and China prompted by Trump’s tariffs is no pretend trade war. It is the real deal – and it will have real consequences. Tariffs operate as a tax, adding to the costs of doing business and raising prices for consumers. Growth will slow and inflation rates will rise. The global economy was already growing only slowly. As things stand, it...

Events

17 h. ago Trump reveals how American families can PROFIT from market crash: Live updates

President Donald Trump said other world leaders are desperate to deals with him as his tariffs come into effect.

Events

17 h. ago Trump Treasury Secretary Scott Bessent fires back at 'loser' China in all

President Donald Trump said other world leaders are desperate to deals with him as his tariffs come into effect.

Politics

18 h. ago China hits out at 'threats and coercion' over Donald Trump's 104% tariffs

China's government has shared a white paper on the country's popular Weibo platform, spelling out the context of the trade war after President Donald Trump hit the country with record-high tariffs

Events

18 h. ago China hits US imports with additional retaliatory tariff of 50%

Beijing to match new duties imposed by Donald Trump with effect from Thursday as trade war escalates

Events

18 h. ago Jamie Dimon reveals what Trump must do NOW... as China trade war sparks economic Armageddon

JPMorgan Chase CEO Jamie Dimon has offered hope on the morning Trump's sweeping tariff kick in and stocks continue to tumble.

Politics

18 h. ago Superpower trade war explodes as China hits back with 84% tariffs but Trump claims nations are 'kissing my ass'

‘The situation has dangerously escalated’, China says as world’s two biggest economies fight spiralling trade war

Events