62 m. ago China grants some tariff exemptions for US imports as trade war bites

Sign of relief for foreign businesses comes as Donald Trump insists talks are under way to reduce levies

Events

85 m. ago Xi announces plan for Chinese economy to counter impact of US trade war

Beijing will ‘strengthen bottom-line thinking’ as reports say it could drop tariffs on some US products Business live – latest updatesXi Jinping has announced a plan to counter China’s continuing economic problems and the impact of the US trade war, as reports swirl that it could drop tariffs on some US products, including semiconductors.Friday’s meeting of the politburo was convened to discuss China’s economic situation, which since the pandemic has faced difficulties fuelled by a housing sector crisis, youth unemployment, and Donald Trump’s tariffs on all Chinese exports. Continue reading...

Events

11 h. ago Billionaire Republican megadonor claims Trump is ‘eroding’ America’s brand with trade war

Ken Griffin donated more than $100m to the GOP during the 2024 election cycle

Politics

14 h. ago Trump’s polling plunge continues as he loses ground on immigration and his trade war

ANALYSIS: President’s two biggest issues are now the areas where he’s losing the most support. That’s a problem for Republicans in Congress, writes John Bowden

Politics

18 h. ago Airlines, rattled by trade war and spending pullback, continue to cut flights, pull outlooks

Major U.S. airlines are reducing their flight schedules and revising or withdrawing their profit outlooks for the year due to less domestic travel demand as sentiment about the national and global economies sours

Events

20 h. ago Trump keeps claiming he’s working on a deal with China. Beijing says that it is all in his mind

‘Any claims about the progress of China-U.S. trade negotiations are groundless as trying to catch the wind and have no factual basis,’ a spokesperson for China’s Ministry of Commerce said

Economics

21 h. ago IMF warns that trade tensions could test stability of world economy; Reeves ‘confident’ about US trade deal – business live

Rolling coverage of the latest economic and financial newsDonald Trump’s tariffs will make it harder for Sir Jim Ratcliffe’s car division, Ineos Automotive, to reach its first profit.Ineos Automotive’s CEO, Lynn Calder, told Bloomberg that the US president’s 25% tariff on foreign cars will make it harder to hit the earnings target.“For sure, this last week has put a dent in that and, for sure, delayed it,”“We’re stubborn as mules. We’re not easy to knock down.”“With fieldwork completed just days after Donald Trump’s “Liberation Day” tariffs, it is unsurprising that consumer expectations for the economy plummeted to a record low. The original tariff schedule, since reduced for most countries, was expected to reduce growth in the UK and elsewhere. Yet despite this economic pessimism, expectations of retail spending rose slightly as the prospect of Easter shopping drew closer.The state of the economy dropped significantly to -48 in April, down from -35 in March.Their personal financial...

Events

22 h. ago China tells US to ‘cancel all unilateral tariffs’ if it wants talks

Beijing says claims it is nearing a deal with Washington to resolve the trade war are ‘fake news’

Politics

25 h. ago The key reasons China holds the edge over the US in Trump’s trade war

Despite the slight change in tone from the White House, China says it will not be bullied into a deal

Politics

25 h. ago US trade war fears drive UK consumer confidence down to record low; Tesla’s European sales fall again – business live

Rolling coverage of the latest economic and financial newsDonald Trump’s tariffs will make it harder for Sir Jim Ratcliffe’s car division, Ineos Automotive, to reach its first profit.Ineos Automotive’s CEO, Lynn Calder, told Bloomberg that the US president’s 25% tariff on foreign cars will make it harder to hit the earnings target.“For sure, this last week has put a dent in that and, for sure, delayed it,”“We’re stubborn as mules. We’re not easy to knock down.”“With fieldwork completed just days after Donald Trump’s “Liberation Day” tariffs, it is unsurprising that consumer expectations for the economy plummeted to a record low. The original tariff schedule, since reduced for most countries, was expected to reduce growth in the UK and elsewhere. Yet despite this economic pessimism, expectations of retail spending rose slightly as the prospect of Easter shopping drew closer.The state of the economy dropped significantly to -48 in April, down from -35 in March.Their personal financial...

Economics

27 h. ago Kenyan president vows closer ties to China during visit amid Trump's trade war

Kenyan President William Ruto pledged to build closer ties with China on Thursday, a day after saying a global trade war triggered by Washington could deal a “death blow” to the current world order

Politics

27 h. ago US trade war will hurt UK growth, Bank of England governor warns; Tesla’s European sales fall again – business live

Rolling coverage of the latest economic and financial newsACEA’s latest European car sales report shows a continued decline in demand for fossil fuel-powered vehicles.While new battery-electric car sales grew by 23.9% in the first three months of 2025, to 412,997 units, petrol car registrations saw a significant decline of 20.6%, with all major markets showing decreases. Continue reading...

Economics

30 h. ago Corporate America puts Wall Street on alert over damage from trade war

Executives use earnings calls to lay out costs and supply chain impacts from Donald Trump’s tariffs

Events

36 h. ago Here’s what stopped Trump in his quest to oust Fed chair Jerome Powell

The Trump administration has also signaled its trade war with China may be letting up soon

Politics

39 h. ago Boeing doesn't expect the US trade war with China to slow its recovery

Boeing CEO Kelly Ortberg says he doesn’t expect the U.S. trade war with China to get in the way of its its financial recovery and aircraft delivery targets even though Chinese airlines are refusing to accept the company’s planes

Events

41 h. ago Treasury Secretary Scott Bessent says China has ‘opportunity for a big deal’ with US as trade war appears to cool

The Treasury Secretary says the U.S. and China can work together to ‘rebalance’ their respective economies

Economics

41 h. ago Trump sends the markets wild with promise for 'fair' trade deal with China amid growing uncertainty

Markets rose Wednesday as Trump and his Treasury secretary spoke of the potential of a deal with China amid a trade war, plus the president saying he didn't plan to fire the head of the Fed.

Economics

43 h. ago The Latest: Treasury secretary says trade war with China is not ‘sustainable’

U.S. markets opened with big gains Wednesday amid clear signs of relief after President Donald Trump said he would not attempt to fire the head of the Federal Reserve and Treasury Secretary Scott Bessent said he expects a “de-escalation” from unsustainable tariffs against China in the trade war between the world’s two largest economies

Events

44 h. ago Tariff turmoil: How Tesla and other companies are dealing with the uncertainty of the trade war

Uncertainty over tariffs and an unpredictable trade war is weighing heavily on companies as they report their latest financial results and try to give investors financial forecasts

Economics

48 h. ago UK annual borrowing exceeds forecasts by almost £15bn in blow to Rachel Reeves

Chancellor may be forced to raise taxes or announce deeper public spending cuts in autumn budget, economists sayBusiness live – latest updatesRachel Reeves could be forced to raise taxes or announce deeper cuts to public spending after figures revealed UK borrowing overshot official forecasts by almost £15bn in the last financial year.With the British economy coming under mounting strain amid Donald Trump’s escalating trade war, the Office for National Statistics (ONS) said borrowing in the financial year ending in March was £151.9bn, more than £20bn higher than in the previous financial year. Continue reading...

Economics