61 h. ago Chinese PM writes to Japan stressing need to jointly fight Trump’s tariffs

China has reportedly urged Japan for a coordinated response to tariffs imposed on both nations by US president Donald Trump.

Politics

6 d. ago How Trump tariff chaos will set iPhone costs soaring as expert weighs in on painful hike

EXCLUSIVE: Donald Trump's tariffs will impose increased costs on Chinese produced goods – but with most iPhones being constructed in China, experts warn UK customers could bear some extra costs

Politics

7 d. ago Donald Trump ‘expecting to make second state visit to UK in September’

US president and first lady received invitation in February from King Charles for unprecedented repeat tripDonald Trump has said he is expecting to travel to to the UK in September for his second state visit.King Charles is preparing to host the US president and first lady as the UK government tries to bolster transatlantic ties after Trump imposed a series of tariffs on trading partners. Continue reading...

Politics

9 d. ago UK scrambles for deal to stop Trump imposing 25% tariff on medicine imports amid jobs fears

Donald Trump has said he is drawing up levies on foreign drugs, suggesting they could be 25 per cent and take effect in the 'not too distant future'.

Economics

1 week ago Nvidia says it will build up to $500bn of US AI infrastructure as chip tariff looms

Plan comes after Donald Trump reiterated import threats and chipmaker’s CEO dined at US president’s resortThe chip designer Nvidia has said it will build up to $500bn (£378bn) worth of artificial intelligence infrastructure in the US over the next four years, in a sign of manufacturers investing in operations on American soil amid Donald Trump’s tariffs.The announcement comes after Trump reiterated threats on Sunday to impose imminent tariffs on the semiconductors that Nvidia makes mostly in Taiwan, and after the chipmaker’s chief executive, Jensen Huang, dined at the president’s Mar-a-Lago resort earlier this month. Continue reading...

Economics

1 week ago US moves ahead on tariffs with investigations into computer chips and pharmaceuticals

The Trump administration has taken its next steps toward imposing more tariffs on key imports, launching investigations into imports of computer chips and products that contain them, chip making equipment and pharmaceuticals

Economics

1 week ago China's exports jump 12.4% and imports fell as Trump pushed US tariffs higher

China has reported its exports jumped 12.4% in March from a year earlier as companies rushed to beat increases in U.S. tariffs imposed by U.S. President Donald Trump

Politics

2 w. ago Weight loss jab supply risk as Trump's trade war threatens drug industry

British industry leaders fear tariffs imposed by President Trump could disrupt the supply and even the price of drugs including slimming jabs Mounjaro and Ozempic.

Events

2 w. ago UK government recalls Parliament for emergency legislation over saving British Steel

U.K. lawmakers are being recalled Saturday in order to back emergency legislation aimed at saving the last plant in the country that makes steel from raw materials, a move that has been widely called for since U.S. President Donald Trump imposed tariffs on imported steel

Politics

2 w. ago Tesla stops taking orders in China for two models imported from US

Carmaker removes ‘order now’ buttons for Model S saloon and Model X SUV on its Chinese website amid tariffs warBusiness live – latest updatesTesla has stopped taking orders in China for two models it previously imported from the US, as companies scramble to adapt to prohibitive tariffs imposed in Donald Trump’s trade war.The manufacturer, run by Trump’s close ally Elon Musk, removed “order now” buttons on its Chinese website for its Model S saloon and Model X sports utility vehicle. Continue reading...

Politics

2 w. ago Trump was playing chicken with tariffs. Then he chickened out | Steven Greenhouse

In a second term of fiat, flubbing and flip–flopping, Trump pursued his desire to wield a club over everyone and everythingBy imposing punitively high tariffs, Donald Trump was playing a high-stakes game of chicken with America’s trading partners – but it was Trump who chickened out and suspended his tariffs just hours after they took effect. The president couldn’t ignore the worldwide economic havoc that he had caused singled-handedly – stock markets were plunging, business executives were panicking and consumers were seething.Eager to persuade manufacturers to build new plants in the US, Trump said on Monday that many of his tariffs would be permanent. But for Trump, permanent evidently meant two days. Continue reading...

Politics

2 w. ago Brazil to prioritize negotiation after US trade tariffs, official says

Brazil’s strategy to address extra tariffs imposed by President Donald Trump is to combine negotiations with the U.S. while it expands trade agreements with other countries, a top foreign trade official said Thursday

Politics

2 w. ago The Guardian view on the tariff war pause: the Trump trade shambles is not over | Editorial

The US president blinked first, but this is just a time-out. The threat to the global economy remains real.It was Donald Trump who blinked first. Never forget that. China is unlikely to overlook its importance. A week after launching an all-out global trade war, the US president paused significant parts of it for 90 days. Having insisted that he would stick with the random tariffs he imposed on most trading nations, Mr Trump suddenly decreed that he would reduce most of them to 10%. It was a major humiliation.Yet 10% is still a significant tariff to bear for nations exporting to the US. This is also only a pause until July, not a withdrawal, so the uncertainty remains. And huge tariffs still remain on China (now hiked to 145%), Canada and Mexico (both 25%), as well as on all US imports of steel, aluminium and cars (also 25%). Mr Trump is now substituting a US-world conflict with a US-China one. The two largest economies in the world – which between them have generated around ha...

Politics

2 w. 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

2 w. 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

2 w. ago Germany to send ‘clear signal’ of ‘strong, effective government’ under new coalition, says Friedrich Merz – Europe live

Presumed future chancellor says coalition has ‘strong plan’ after negotiations as polling shows popularity of far-right AfDEarlier today I brought you Donald Trump’s comments overnight on “major” tariffs to be announced “very shortly” on pharmaceuticals (9:20).My colleague Lisa O’Carroll looked at the risks such measures could pose for Europe:Pharmaceutical companies in the EU have warned of a “risk of exodus” to the US as stocks in the sector slid around the world on the back of Donald Trump’s renewed threat to impose tariffs on US drugs imports.Drugmakers’ shares across Europe and India, another foreign drugs hub, slipped on Wednesday after Trump indicated further carnage was on the way in addition to the 20% “reciprocal tariffs” on imports that kicked in overnight. Continue reading...

Politics

2 w. ago China slaps 84% revenge tariffs on US goods in huge new escalation hours after Trump imposed 104% levy

Xi Jinping's China will impose 84% tariffs on U.S. goods from Thursday, up from the 34% previously announced, the finance ministry said on Wednesday. 

Politics

2 w. ago EU drug firms warn of exodus to US as Trump threatens import tariffs

Von der Leyen urged to take ‘rapid and radical action’ as president says tariffs on pharmaceuticals coming ‘shortly’The Irish villages under threat from Trump’s tariffsPharmaceutical companies in the EU have warned of a “risk of exodus” to the US as stocks in the sector slid around the world on the back of Donald Trump’s renewed threat to impose tariffs on US drugs imports.Drugmakers’ shares across Europe and India, another foreign drugs hub, slipped on Wednesday after Trump indicated further carnage was on the way in addition to the 20% “reciprocal tariffs” on imports that kicked in overnight. Continue reading...

Events

2 w. ago EU drug companies warn of exodus to US as Trump threatens import tariffs

Von der Leyen urged to take ‘rapid and radical action’ as president says tariffs on pharmaceuticals coming ‘shortly’The Irish villages under threat from Trump’s tariffsPharmaceutical companies in the EU have warned of a “risk of exodus” to the US as stocks in the sector slid around the world on the back of Donald Trump’s renewed threat to impose tariffs on US drugs imports.Drugmakers’ shares across Europe and India, another foreign drugs hub, slipped on Wednesday after Trump indicated further carnage was on the way in addition to the 20% “reciprocal tariffs” on imports that kicked in overnight. Continue reading...

Events

2 w. ago Trump brags world leaders are ‘kissing my a**’ and celebrates ‘great Hannibal Lecter’ at NRCC dinner

‘Please, Sir, make a deal. I’ll do anything. I’ll do anything, Sir,’ Trump mocked just hours before his sweeping reciprocal tariffs were imposed

Politics