67 h. ago Trump tariffs cause fastest slump in British factory export orders in five years – business live

Live, rolling coverage of business, economics and financial markets as UK manufacturers report falling export orders and China signals openness to US trade talks Fhaheen Khan, senior economist at Make UK, a lobby group for British manufacturing, said:UK manufacturers are caught in the eye of a perfect storm, with rising costs and international trade uncertainty undermining growth prospects. While actual changes in trade have been limited, the unpredictability, particularly around US tariff policy, is doing significant damage and paralysing decision makers. Many firms are delaying major investment decisions until greater clarity emerges, while being forced in the meantime to cut costs through redundancies while pushing through price increases.This has left manufacturing experiencing its most severe slowdown in years, with the UK at a competitive disadvantage compared to our European peers who are weathering current challenges relatively better. As a result, it is now vital that gover...

Politics

4 d. ago China's export orders dip in April as Trump's tariffs begin to bite

Monthly surveys of Chinese factory managers shows export orders slowed in April as higher tariffs on U.S. imports began to kick in

Politics

1 week ago There is a way to turn Trump’s chaos into an opportunity. Here is what European leaders must do | Paul Taylor

The EU, the world’s biggest single market, can reposition itself and become less reliant on exporting goods to the US and ChinaThis is why America first doesn’t have to mean Europe last.Europeans have had plenty to mope about since Donald Trump entered the White House not quite three months ago. The US president has said that the EU was created to “screw the United States” and slapped punitive tariffs on European goods. He has cast doubt on the US commitment to defend Nato allies. He has cosied up to Vladimir Putin, insulted Volodymyr Zelenskyy and tried to settle Russia’s war in Ukraine on terms that would undermine European security. His vice-president has denigrated European democratic values, and his national security team has spewed venom in a Signal chat at “pathetic” Europe.Finally complete the European capital markets union and banking union to unleash the cross-border investment power of some €3tn in European savingsStrike trade deals with countries and regions around the w...

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2 w. ago Trump’s tariffs unravel US supply chains at China’s export showcase

Buyers and sellers at Canton trade fair search for ways to evade levies as goods pile up in warehouses

Politics

2 w. ago Nvidia boss visits China days after Donald Trump limits AI chip exports – business live

Live, rolling coverage of business, economics and financial markets as Chinese state media publishes photo of Jensen Huang visiting BeijingNvidia boss Jensen Huang has travelled to China for talks despite limits on the chip company’s sales imposed by the White House under Donald Trump.The visit of Huang, chief executive of one of the US’s most valuable companies, will be closely followed amid the vicious trade war between the US and China.The SFO remains committed to stamping out international bribery wherever it may occur.British companies have a duty to prevent the harm caused by bribery when doing business at home and abroad, to ensure that the UK remains a safe and fair place to do business. Continue reading...

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2 w. ago AP PHOTOS: Exporters at China’s largest trade fair look to non

Exporters attending China’s biannual trade fair in Canton were emphatic about the need to look beyond selling to Americans.

Culture

2 w. ago US stocks drop after Nvidia warns over hit from controls on China exports

London’s FTSE was retreating during the day, but made headway later in the afternoon following gains from mining and energy stocks.

Events

2 w. ago US tariffs bring stalled shipments and uncertainty for Chinese exporters

Exporters at China’s largest trade fair are facing uncertainty, stalled shipments and lower sales forecasts due to the trade war with the United States

Politics

2 w. ago Nvidia expects to take $5.5bn hit as US tightens AI chip export rules to China

Shares plunge as firm says H20 chip, designed for Chinese market to comply with controls, will now need special licenceNvidia has said it expects a $5.5bn (£4.1bn) hit after Donald Trump’s administration barred the chip designer from selling crucial artificial intelligence chips in China, sending shares in one of the US’s most valuable companies plunging in after-hours trading.The company said in an official filing late on Tuesday that its H20 AI chip, which was designed specifically for the Chinese market to comply with export controls, would now require a special licence to sell there for the “indefinite future”. Continue reading...

Events

2 w. ago Nvidia to take $5.5bn hit as US clamps down on China AI chips exports

Trump administration’s curbs send chipmaker’s shares sliding in after-hours trading

Events

2 w. ago Nvidia to take $5.5bn hit as US clamps down on China AI chip exports

Trump administration requires Silicon Valley chipmaker to obtain special license to sell H20 product

Events

2 w. ago China taunts Trump: Factories flood TikTok with videos urging consumers to buy direct to avoid tariffs

Chinese TikTok creators have claimed that popular fashion labels such as Lululemon and Louis Vuitton are producing their garments in China for a fraction of their retail price.

Events

2 w. ago China taunts Trump: Factories flood TikTok with videos urging consumers to buy direct to avoid tariffs while Beijing kneecaps US industry with suspension of rare earth exports

Chinese TikTok creators have claimed that popular fashion labels such as Lululemon and Louis Vuitton are producing their garments in China for a fraction of their retail price.

Economics

2 w. ago China says ‘sky won’t fall’ as exports surge ahead of Trump tariffs

Rush of shipments preceded escalation of trade war between world’s two biggest economies

Politics

2 w. ago China customs says ‘sky won’t fall’ as exports surge ahead of Trump tariffs

Rush of shipments preceded escalation of trade war between world’s two biggest economies

Politics

2 w. ago China says ‘sky won’t fall’ as exports surge ahead of Trump’s tariffs

Rush of shipments preceded escalation of trade war between world’s two biggest economies

Politics

2 w. ago China halts critical rare earth mineral exports as Trump teases new tariffs

US president says he will announce tariff rates on semiconductors next week

Politics

2 w. ago China's exports jump 12.4% and imports fell as Trump pushed US tariffs higher

China has reported its exports jumped 12.4% in March from a year earlier as companies rushed to beat increases in U.S. tariffs imposed by U.S. President Donald Trump

Politics

3 w. ago China’s exporters defy US ‘paper tiger’ as Beijing invokes Mao

Stoic defiance in ‘trinket town’ echoes Beijing’s insistence that nation can prevail against Donald Trump’s tariff blitz

Politics

3 w. ago Trump insists tariff war is ‘doing really well’ as recession fears mount

S&P 500 and Dow Jones rise sharply after extraordinarily volatile week as experts warn of continued turbulenceDonald Trump insisted his trade war with much of the world was “doing really well” despite mounting fears of recession and as Beijing hit back and again hiked tariffs on US exports to China.As the US president said his aggressive tariffs strategy was “moving along quickly”, a closely watched economic survey revealed that US consumer expectations for price growth had soared to a four-decade high. Continue reading...

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