27 h. ago Rachel Reeves calls for Britain to forge closer ties with Beijing in show of force against Donald Trump after he slapped 245 per cent tariffs on Chinese imports

It would be 'very foolish' for Britain to disengage with China, Rachel Reeves has said as she attempts to draw a line in the sand with the US over their treatment of Beijing.

Politics

68 h. ago Temu and Shein warn of US price hikes from next week due to Trump tariffs

Shein says ‘operating expenses have gone up’ as both Chinese retailers also drop ad spending in USTwo of China’s largest fast fashion retailers, Temu and Shein, have warned US customers that they will face price hikes from next week, as Donald Trump’s hefty tariffs on Chinese imports come into force.Both companies will be hit by new import levies, which will mean taxes of up to 145% being applied to Chinese goods. They will also suffer from Trump’s cancellation of so-called “de minimus” exemption, under which shipments worth less than $800 (£600) could be imported duty-free. Continue reading...

Events

6 d. ago Xi Jinping seeks to strengthen economic ties during tour of south

President’s first stop is Vietnam as China urges US to end trade war and return to ‘right path of mutual respect’The Chinese president, Xi Jinping, will visit Vietnam on Monday as he begins a tour of south-east Asia where he will seek to strengthen ties with neighbouring countries amid an escalating trade war.Xi will visit Vietnam from Monday, before travelling to Malaysia and Cambodia, a high profile tour that Chinese officials have described as being of “major importance”. Continue reading...

Economics

7 d. ago Trump's China tariffs swing a sledgehammer at importers and cheap goods

U.S. importers are bracing for the impact of President Donald Trump's staggering 145% levy on Chinese imports

Politics

8 d. ago Prince Harry slapped with Donald Trump warning after secret Ukraine visit

Prince Harry made a secret visit to Ukraine following his trip to the UK, where he met victims of the war with Russia - but experts predict the move might not go down well with some

Events

9 d. ago China confirms plans to curb Hollywood film imports amid Trump’s escalating trade war

China had recently considered a complete ban on all American movies in retaliation to Donald Trump’s raising tariffs on Chinese imports

Politics

9 d. ago China to restrict US film releases after Trump’s tariff hike

After the US president imposed 125% duties on Chinese imports, Beijing says it will restrict American films opening in its lucrative market Hours after Donald Trump imposed record 125% tariffs on Chinese products entering the US, China has announced it will further curb the number of US films allowed to screen in the country.“The wrong action of the US government to abuse tariffs on China will inevitably further reduce the domestic audience’s favourability towards American films,” the China Film Administration said in a statement on Thursday. “We will follow the market rules, respect the audience’s choice, and moderately reduce the number of American films imported.” Continue reading...

Politics

1 week ago UK will continue negotiations ‘coolly and calmly’ as Trump pauses some tariffs

The US president will raise the tariff on Chinese imports to 125%.

Politics

1 week ago Donald Trump PAUSES tariffs for dozens of countries for 90 days

President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125%.

Politics

1 week ago I’ve seen many phoney trade wars come and go. This is the real thing | Larry Elliott

This battle between the US and China goes far beyond market turmoil – it has killed off the liberal dream of a borderless world Donald Trump’s decision to impose a 104% tariff on Chinese imports into the US – and China blasting back with 84% – has spooked the financial markets. The response is entirely rational. Over the past few decades, phoney trade wars have been commonplace. Rival nations have squared off against each other, indulged in a bit of sabre-rattling, but eventually agreed on a deal. Headlines that screamed “trade war looms” were quickly replaced by those that read “trade war averted”. This time it’s different. The battle between the US and China prompted by Trump’s tariffs is no pretend trade war. It is the real deal – and it will have real consequences. Tariffs operate as a tax, adding to the costs of doing business and raising prices for consumers. Growth will slow and inflation rates will rise. The global economy was already growing only slowly. As things stand, it...

Events

1 week ago Donald Trump to feel the burn of his own tariffs as fake tan set to soar in price

Donald Trump has slapped huge tariffs on major fake tan brands - meaning he faces a steep price rise on the very products which give him his distinctive 'orange' hue

Politics

1 week ago Trump declares 'war with the world' as his 'explosive' tariffs take effect and send global stocks plunging again

Asian shares slipped further today as the latest set of Donald Trump's tariffs took effect including a massive 104 per cent levy on Chinese imports.

Events

1 week ago Tariffs live: Asian markets fall as Trump confirms China will face 104% levy overnight

Trump’s total new levies climb to 104% on Chinese goods imported into US this year

Economics

1 week ago Asian shares deepen losses after another Wall St retreat as tariffs due to take effect

Asian shares have opened lower as the latest set of U.S. tariffs, including a massive 104% levy on Chinese imports, is due to take effect

Economics

1 week ago Tariffs live: Global markets brace as US confirms China to be hit with 104% levies overnight

Trump’s total new levies could climb to 104% on Chinese goods imported into US this year

Economics

1 week ago SARAH VINE: From wooden forks to Ed Miliband... these are the ten pet hates I'd slap tariffs on if I (and not Donald Trump) were Queen of Everything for a day

Trump's tariffs got me thinking, if someone gave me carte blanche to impose a bunch of random tariffs on things, places or people just for the fun of it, what would they be?

Politics

1 week ago Donald Trump state visit 'ridiculous and misguided' after president slaps tariffs on UK

The US President is expected to spend time in Scotland this summer as part of a wider state visit to the UK.

Politics

1 week ago Trump tariffs live: EU pleads with China not to escalate trade war after FTSE finally rallies

Total new levies could climb to 104 per cent on Chinese goods imported into US this year

Politics

1 week ago Chinese plan to BAN Hollywood movies as they respond to Trump tariff 'blackmail': Huge blow could cost films such as Jurassic World: Rebirth and new Mission Impossible sequel half a BILLION dollars

It will put more tariffs on US agricultural products, prevent all US poultry from entering China and ban the import of US movies into the country, a Chinese journalist linked to the Communist party said.

Economics

1 week ago Trump tariffs live: China vows to ‘fight to the end’ in bitter US trade war after FTSE finally rebounds

Trump threatens to impose extra 50% levy on top of existing eye-watering tariff on Chinese imports

Politics