1 week ago As tariffs put trade between China and the US in peril, Chinese businesses ponder the future

The 145% tariff from the U.S. and the retaliatory 125% tariff from China are putting businesses doing trade between the U.S. and China on edge

Economics

2 w. ago The Latest: Global tariff battle escalates as China retaliates with 125% tariffs on US goods

China has announced that it will raise tariffs on U.S. goods from 84% to 125%

Events

2 w. ago Criticise Trump’s tariffs all you like, but western sanctions aren’t any better – just ask Syria | Simon Jenkins

This form of economic aggression is macho and myopic, yet countries including the UK refuse to give it upAmong the more improbable countries that Donald Trump punished most severely last week was Syria, with a 41% tariff in retaliation for its part in the “raping and plundering” of the US economy. That should teach it a lesson for toppling Bashar al-Assad last year.The Damascus regime that subsequently came to power is pleading for help in keeping order and restoring its economy. But the chief obstacle is not Trump’s absurd tariff – now reduced to 10%. It is the sanctions regime imposed on it for the past 14 years by the west, including Britain. The US prohibits nearly all trade and financial transactions, extending this to foreign companies engaged with the Syrian government. EU sanctions targeted crude oil, investments, banking, telecoms and more. No tariff could be as severe as this.Simon Jenkins is a Guardian columnist Continue reading...

Politics

2 w. ago Trump’s tariffs are ruinous, but are western sanctions any better? Just look at Syria | Simon Jenkins

Sanctions as a form of economic aggression are macho and myopic, yet countries including the UK refuse to call a haltAmong the more improbable countries that Donald Trump punished most severely last week was Syria, with a 41% tariff in retaliation for its part in the “raping and plundering” of the US economy. That should teach it a lesson for toppling Bashar al-Assad last year.The Damascus regime that subsequently came to power is pleading for help in keeping order and restoring its economy. But the chief obstacle is not Trump’s absurd tariff – now reduced to 10%. It is the sanctions regime imposed on it for the past 14 years by the west, including Britain. The US prohibits nearly all trade and financial transactions, extending this to foreign companies engaged with the Syrian government. EU sanctions targeted crude oil, investments, banking, telecoms and more. No tariff could be as severe as this.Simon Jenkins is a Guardian columnistDo you have an opinion on the issues raised in th...

Politics

2 w. ago EU backs down over US tariff retaliation following latest move by Trump: Von der Leyen vows to 'give negotiations a chance'

The European Union will pause its first countermeasures against U.S. tariffs after President Donald Trump temporarily lowered the hefty duties.

Politics

2 w. ago EU pauses tariff retaliation for 90 days to match Trump move, holding out hope for talks

The European Union’s executive commission says it will put on hold for 90 days its retaliation measures against new U.S. tariffs to match President Donald Trump’s pause on his sweeping new tariffs and leave room for a negotiated solution

Politics

2 w. 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

2 w. 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

2 w. ago What do Trump’s 104% tariffs on China mean and who will be affected?

As Trump slaps 104% tariffs on China, Alicja Hagopian and Millie Cooke look at what industries will be hardest hit.

Politics

2 w. ago UK 'accelerating trade deals with rest of the world' as more Donald Trump tariffs come into force

Britain faces the lowest 10 per cent 'baseline' tariff rate and has resisted imposing immediate retaliatory action

Economics

2 w. ago Asian markets fall as Trump’s sweeping global tariffs, including 104% against China, due to take effect – business live

Stock markets down from Australia to Japan and Taiwan as Trump presses ahead with plans to hit China with huge retaliatory tariffsToday’s tariffs follow Trump’s 10% tariff on all imports from many countries, including Australia, which came into effect at the weekend.US customs agents began collecting the unilateral tariff at US seaports, airports and customs warehouses on Saturday. Today’s measures are higher levies on goods from 57 larger trading partners. Continue reading...

Economics

2 w. ago As China and the US spar, countries brainstorm over how to cope with the trade war

As President Donald Trump and China spar over tariff hikes and other retaliatory moves, governments elsewhere are brainstorming over strategies for coping with the trade war between the world’s top two economies

Events

2 w. ago Donald Trump says he is not looking at pausing tariffs as US markets close after rocky day – business live

US president, when asked about considering a pause in global tariffs, says ‘We’re not looking at that’Trump threatens additional 50% tariffs on China over retaliatory leviesVolatility grips global stock markets as Trump insists on tariff ‘medicine’Hong Kong stocks have plummeted more than 9% at open, while Singapore stocks dropped over 7%, according to reports.Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of the widening global trade war and fears it will unleash a deep recession, Reuters says. Continue reading...

Economics

2 w. ago Britain should ‘notch up’ Trump tariff retaliation threats, former ambassador to US says

‘This is a tough world where you've got to brandish those weapons’, Sir Nigel Sheinwald said

Politics

2 w. ago More than 50 countries seeking US trade talks after tariff move, says Trump adviser – live updates

Kevin Hassett claims tariffs will not have a big effect on US consumers and there will be no ‘political coercion’ over interest ratesStarmer orders economic reset amid Trump’s tariff mayhemIndonesia, Southeast Asia’s largest economy which faces a 32% tariff rate, said it will not retaliate against the levies and would instead pursue diplomacy and negotiations to find mutually beneficial solutions. Jakarta has said it would send a high-level delegation to the US for direct negotiations with the government.Cambodia asked the US government on Friday to postpone the 49% tariff rate on its products, the highest rate in Asia and second-highest globally.Vietnam’s leader To Lam and Donald Trump agreed on Friday to discuss a deal to remove tariffs (Vietnam will be subject to a 46% tariff).Brazil, which faces a 10% levy on its exports to the US, has said its “government is evaluating all possible actions to ensure reciprocity in bilateral trade, including resorting to the World Trade Organiza...

Politics

3 w. ago Trump tariffs live: 10% tariff kicks in for UK as Italy says retaliating against US will ‘damage everyone’

Sir Keir Starmer will talk to foreign leaders this weekend to consider how to respond to US tariffs

Politics

3 w. ago Trump dismisses China tariff retaliation and implores Fed to cut interest rates as stock market dives: Live

Trump’s trade war escalates as China strikes back with 34 percent tariffs on all U.S. goods, sending stocks sliding further after worst day since 2020

Politics

3 w. ago FTSE latest: European stock markets plunge after China retaliates with 34% tariff on US goods

The stock markets in the UK, France, Germany, Japan, South Korea and Australia were all falling for a second day

Economics

3 w. ago UK threatens to retaliate to Trump’s tariffs and draws up 400

The government draws up a 417-page list of products to target with import taxes in retaliation against Donald Trump’s tariffs on British goods

Politics

3 w. ago UK could retaliate to Trump’s tariffs if no US trade deal is secured, business secretary says

The government has drawn up a 417-page list of products that could be slapped with import taxes in retaliation against Donald Trump’s tariffs on British goods

Economics