5 h. ago Trump says tariffs on China imports won’t return to 145% and that he sees a deal – live

Trump warns US could raise tariffs after 90-day pause on trade war with China but expresses confidence a deal will be madeChina and US agree 90-day pause to trade warQatar has offered to donate a plane to the United States and details are still being worked out, White House spokeswoman Karoline Leavitt said on Monday.“The Qatari Government has graciously offered to donate a plane to the Department of Defense. The legal details of that are still being worked out,” Leavitt said in an interview with Fox News. Continue reading...

Economics

11 h. ago US and China agree deal to slash tariffs for 90 days in bid to end massive trade war

US Treasury Secretary Scott Bessent says reciprocal tariffs will come down over 100 percentage points to 10%

Economics

12 h. ago Trade war breakthrough as US and China agree to slash tariffs by 115% for 90 days

Speaking in Geneva, US Treasury Secretary Scott Bessent said both countries would slash their reciprocal tariffs by 115 per cent for 90 days.

Events

12 h. ago US and China agree deal to slash tariffs for 90 days as superpowers lay down economic arms

The United States and China have agreed a deal to slash reciprocal tariffs as Washington and Beijing seek to end a trade war that has sparked fears of a global economic recession, officials announced on Monday.

Economics

23 h. ago Chinese companies purge supply chain of foreign parts amid US trade war

Beijing’s self-reliance drive accelerates as groups seek out local suppliers in response to tariffs

Events

24 h. ago White House claims China trade deal reached while Beijing hails ‘important first steps’

US announcement comes after treasury secretary touted progress in two days of talks with Chinese vice-premier in GenevaThe White House has announced that a trade deal with China has been struck after two days of talks in Geneva, while Beijing has hailed “important first steps.”The announcement on Sunday came after the US treasury secretary, Scott Bessent, told reporters that there had been “substantial progress” in talks between his team and that of the Chinese vice-premier, He Lifeng, in Geneva on defusing the trade war between the world’s two largest economies sparked by Donald Trump’s 145% tariffs. Continue reading...

Economics

30 h. ago These American giant ‘geoduck’ clams are a Chinese delicacy. Trump’s tariff war could stop that

The escalating trade war between the US and China has severely impacted the geoduck industry in Washington state.

Politics

30 h. ago Trump will destroy world trade, but democracies can defend themselves – and each other | Anders Fogh Rasmussen

We need a trade block, a D7, that would mirror Nato. An economic attack on one would be an attack on allAnders Fogh Rasmussen is a former prime minister of Denmark and former secretary general of Nato The postwar global economic order, with the United States at its centre, has created more prosperity than any other period in human history. Yet as Donald Trump takes a sledgehammer to that economic order, America’s democratic allies face a choice. We can accept the new cost of doing business with the US. We can follow the US down a path of mutually assured economic destruction with an ever-escalating trade war. Or we can find new avenues to keep free trade alive.My proposition? I believe we need a new platform for economic cooperation between the world’s seven leading democracies. Call it the “Democratic 7”, or “D7”. The EU, the UK, Canada, Australia, New Zealand, Japan, and South Korea represent roughly 25% of global GDP and account for about 35% of global trade volume. Together, the...

Politics

31 h. ago Puerto Rico seeks to lure manufacturing to boost its economy as Trump's tariff war deepens

A global trade war is offering Puerto Rico hope as the island attempts to strengthen its fragile economy

Economics

40 h. ago Trump has shaken Europe out of ‘lethargic’ habits, says DWS chief

Stefan Hoops says trade war has triggered long overdue spending push on the continent

Politics

55 h. ago China has a big red button that hurts Elon Musk. But will they press it?

Tesla’s dependence on its Shanghai ‘gigafactory’ gives Chinese officials enormous leverage over one of Donald Trump’s key backers — which could prove an asset in the trade war, writes Io Dodds

Politics

59 h. ago How Trump’s trade war threw his and America’s toys out the pram

Parents have reacted with anger at his latest remarks

Politics

3 d. ago Two dolls instead of 30? Toys become the latest symbol of Trump's trade war

Toy dolls have become the latest rhetorical poster child for President Donald Trump's tariffs crusade

Politics

3 d. ago Trump floats cutting Chinese tariffs from 145% to 80% before weekend talks

Meeting aimed at de-escalating trade war after Chinese exports beat expectations despite slump in tradeDonald Trump has floated cutting tariffs on China from 145% to 80% before a weekend meeting as he looks to de-escalate the trade war.Top US officials are set to meet a high-level Chinese delegation this weekend in Switzerland in the first significant talks between the two nations since Trump sparked a trade war with stiff tariffs on imports. Continue reading...

Politics

3 d. ago China exports beat expectations despite slump in trade with US

April trade data comes the day before representatives from Washington and Beijing were set to meet to discuss Trump’s tariffsChinese trade with the United States slumped in April even as its total exports beat forecasts, official figures show, as trade representatives from both nations prepared to meet this weekend in the midst of a gruelling trade war between the superpower rivals.Exports to the United States – one of China’s top trading partners – fell 17.6% in April, data showed. Against that backdrop, analysts polled by Bloomberg had expected exports to rise just 2% year-on-year last month. However they beat expectations, coming in at 8.1%. Continue reading...

Politics

3 d. ago If illegal logging starts again, Liberia could lose more than its beloved pygmy hippos | Ellen Johnson Sirleaf

About 270,000 people died in Liberia’s timber trade-fuelled civil war. I helped to rebuild and protect its forests. Now Europe is threatening to undermine all our hard workIt is sad when a ruthless military dictator funds his government by destroying ecologically important rainforest, logging tropical trees and displacing and robbing the people who live in and depend on the forests for their livelihoods and culture.This happened in my country, Liberia. Continue reading...

Politics

4 d. ago Flattery gets Starmer somewhere as The Donald stays awake to toot tariff deal | John Crace

Sycophancy stops Trump from dozing off as PM and co hail victory – or at least getting what they could getThree days ago, Donald Trump promised an announcement that would be very possibly the greatest announcement in the whole history of announcements. Come Thursday morning, he said the US and the UK had reached a full and comprehensive trade deal.I guess a lot depends on what you mean by the words “greatest announcement” and “full and comprehensive”. As details of the deal began to emerge, it rather looked as if the UK had managed to negotiate a worse deal with the US than we had even two months ago. One that was hardly transformative. Just reversing some of the damage that had been done to the UK by the US starting a global trade war. Tariffs as a protection racket. Continue reading...

Economics

4 d. ago The EU will hold talks later this month on reviewing ties with Israel as concern mounts over Gaza

The European Union's top diplomat says that foreign ministers will hold formal talks on May 20 on a demand to review an EU pact governing trade ties with Israel over its conduct of the war in Gaza

Politics

4 d. ago Trump unveils first deal since launching trade war with multi

Trump called the deal, which does lift the baseline 10 percent tariff, ‘comprehensive’

Politics

4 d. ago Trump revealing ‘full and comprehensive’ trade deal with UK in first major announcement since starting global trade war

Thursday’s announcement will mark the first major global trade deal since Trump unveiled sweeping tariffs in April

Politics