10 h. ago China’s crackdown on lavish civil servant perks will ‘harm’ the economy, experts warn

Updated regulations ban the country’s 40 million civil servants from lavish banquets, and restrict them from overseas travel for ‘personal leisure’Adjacent to a municipal government building in Beijing, a normally bustling restaurant is now eerily quiet, at lunchtime most of its seats are empty.The recent crackdown on civil servants frequenting restaurants – part of a government austerity drive intended to crack down on corruption – has likely affected business and caused liquor sales to plummet, admits one waitress who works in the opulent establishment. Continue reading...

Events

27 h. ago Trump delays China tariffs at the last minute and announces 90 day truce

President Donald Trump has once again delayed a showdown between the world’s two biggest economies

Politics

35 h. ago U.S. and China extend trade truce another 90 days, easing tension between world's largest economies

President Donald Trump extended a trade truce with China for another 90 days Monday, at least delaying once again a dangerous showdown between the world’s two biggest economies

Events

45 h. ago We expected dominance but Peak China may finally have arrived | George Magnus

The technological and strategic brilliance of its world-class companies are being swamped by macroeconomic troublesProclamations about the inevitability of China’s dominance of the global economic system, or the so-called Chinese century, are much less validated by contemporary Trumpian angst than what should be the Communist party’s appeal to its intrinsic values and virtues.Common concerns about coercive politics and human rights aside, some notions of China as an unstoppableeconomic, technological and military behemoth sit alongside others focused more on an increasingly sclerotic, over- centralised political economy, that depends on wasteful economic stimulus, and features poor governance and institutions. The fusion of these notions suggests that we may already have reached “peak China”. Continue reading...

Politics

49 h. ago Trump is losing his foolish trade war. This will cost ordinary Americans greatly | Steven Greenhouse

Trump’s trade war has pushed up inflation, slashed US job gains, slowed economic growth and caused the manufacturing sector to sputterThe ever-bombastic Donald Trump has boasted repeatedly of his trade victories, while White House news releases trumpet his “historic trade wins”. The Wall Street Journal echoed Trump’s triumphalism with a headline saying, “Trump is Winning His Trade War”, and last week the New York Times used the exact same words in a headline. That must have been music to the president’s ears.Forgive me for being a spoilsport, but I don’t see where the victory is or how Trump is winning. I keep reading how Trump’s trade war and tariff machinations have pushed up inflation, slashed US job gains, slowed economic growth and caused the manufacturing sector to sputter.Steven Greenhouse is a journalist and author, focusing on labour and the workplace, as well as economic and legal issues Continue reading...

Politics

53 h. ago Trump urges China to buy more US soyabeans as trade truce deadline looms

High Chinese tariffs threaten important market for US farmers

Politics

4 d. ago Trump’s trade war about to cost Americans 1.8% more in the short term, Yale analysis finds

Trump falsely claims tariffs are paid by foreign countries — they are typically paid by American importers

Politics

5 d. ago US gold futures hit record high after Trump tariff blindsides global market

Unexpected levy from Trump administration could redraw trade in the metal, analysts and investors warn

Politics

5 d. ago US gold futures surge to record high after Trump tariff blindsides global market

Unexpected levy from Trump administration could redraw trade in the metal, analysts and investors warn

Politics

5 d. ago Trump tariffs: American shoppers hit with 60% of costs as import taxes reach 100

Tariffs on U.S. trading partners finally in full effect months after ‘Liberation Day’ announcement and ensuing turmoil and uncertainty

Economics

5 d. ago Trump tariffs live updates: American shoppers hit with 60% of costs as import taxes reach 100

Tariffs on U.S. trading partners finally in full effect months after ‘Liberation Day’ announcement and ensuing turmoil and uncertainty

Economics

5 d. ago What US consumers can expect from new tariffs on imported goods

American businesses and consumers soon will have a better idea of how President Donald Trump’s foreign trade agenda might affect them

Politics

5 d. ago Trump tariffs live updates: Everyday Americans will foot the bill for 60% of import taxes, bank warns

Tariffs on U.S. trading partners finally in full effect months after ‘Liberation Day’ announcement and ensuing turmoil and uncertainty

Economics

5 d. ago Trump tariffs live updates: Countries rush to make deals to avoid new levies as world economy braces for impact

Tariffs on U.S. trading partners finally in full effect months after ‘Liberation Day’ announcement and ensuing turmoil and uncertainty

Economics

5 d. ago Countries rush to make deals to avoid Trump’s new tariffs as world economy braces for impact: Live updates

Tariffs on U.S. trading partners finally in full effect months after ‘Liberation Day’ announcement and ensuing turmoil and uncertainty

Economics

6 d. ago China's exports and imports picked up in July, helped by the pause in Trump's higher tariffs

China has reported its exports surged 7.2% in July from a year earlier while its imports grew at the fastest pace in a year, as businesses rushed to take advantage of a truce in President Donald Trump's trade war with Beijing

Politics

6 d. ago Trump’s new import tariffs now in force against scores of countries as trade war escalates

The U.S. president has imposed tariffs as high as 50 percent after claiming other countries are ‘taking advantage’

Politics

6 d. ago Trump tariffs: Full list of countries hit by US president’s new trade war levies

Donald Trump slapped tariffs as high as 50 percent for scores of countries around the globe

Politics

6 d. ago Trump’s new import tariffs now in force against scores of countries

Many imports are now subject to a 50% duty, but significant uncertainty persists

Politics

6 d. ago Trump claims ‘billions of dollars’ now flowing into US after president’s new tariffs come into effect

More than 90 countries have been slapped with new rates as President Trump reignites his trade war

Politics