97 m. ago Chinese businesses view tariff pause with caution and uncertainty

While U.S. President Donald Trump has talked of victory after reaching a weekend deal with China to reduce the sky-high tariffs levied on each others’ goods, businesses in China are reacting to the temporary deal with a cautious wait and see approach

Economics

6 d. ago AP PHOTOS: How a Chinese delicacy got caught in the crossfire of Trump's trade war

An escalating trade war with the U.S. is now crippling an entire industry that hand-harvests geoducks, leaving Washington state divers without work, Seattle exporters without business and Chinese aficionados with fewer of these prized clams.

Events

1 week ago China hints at openness to trade talks with US; Tesla denies board search for Musk successor – business live

Live, rolling coverage of business, economics and financial markets as Chinese state-controlled social media says US has approached China for trade talksLloyds Banking Group has reported a 7% drop in pre-tax profit to £1.5bn in its first quarter, and is bracing for the ripple effect from Trump’s tariffs on its balance sheet.The high street bank said that it has set aside £309m to account for possible bad debts, compared with previous guidance of £274m, as it added a £35m net charge to prepare for the possible impact on the economic outlook from President Trump’s tariffs.The US has proactively reached out to China through multiple channels, hoping to hold discussions on the tariff issue.Yuyuan Tantian is not among China’s most authoritative state media outlets. The Global Times, which is owned by the newspaper of the governing Communist Party, People’s Daily, has often been first to report China’s next steps in trade disagreements over the past few years.Guo Jiakun, a spokesperson fo...

Politics

2 w. ago Tariffs hit home for small US businesses that rely on Chinese imports

Growing worries that a trade war could suffocate a crucial driver of employment and economic growth

Economics

3 w. ago From peppercorns to plastic forks: US businesses that rely on Chinese products reel from Trump tariffs

Price hikes worry restaurants and online markets as uncertainty stymies their ability to plan for the futureChang Chang, a Sichuan restaurant in Washington DC, was already noticing that some of its business had dropped off after tens of thousands of federal workers living in the area lost their jobs. But the recent tariff rate hikes mark an even greater blow for the restaurant.Sichuan peppercorns, which create the signature numbing spice of the regional Chinese cuisine, along with other ingredients, face an at least 145% tariff after last week’s tit-for-tat trade battle between China and the United States. The steep rate is an existential threat for restaurants across the country that rely on specialty ingredients imported from China to craft the authentic flavors of their dishes, said operators who were blindsided. Continue reading...

Politics

3 w. ago Beijing warns countries not to act against China in trade deals with US

Response to concerns that Washington will push trade partners to isolate Chinese goods and businesses

Events

3 w. ago AP PHOTOS: Chinese factories seek to expand their business outside the US

Massive sheets of aluminum hang in Danny Lau’s factory as workers bustled about painting them with oil coating in China's southern industrial city of Dongguan.

Culture

3 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...

Politics

4 w. ago Reynolds says Chinese firms would be viewed ‘in different way’ over steel bids

But the Business Secretary added that the dispute over the North Lincolnshire site was because of ‘one specific company’.

Politics

last month Retailers warn Chinese sellers ‘dumping’ goods on UK marketplaces

The boss of Currys said there are early signs that stock meant for the US is already being diverted to the UK.

Events