2 h. ago Xi Jinping is preparing to go toe to toe with Donald Trump – and there will only be one winner | Simon Tisdall

Beijing has realised that reckless America First policies are alienating old and new friends alike, creating a vacuum it can fillHolding court for the cameras in Sharm el-Sheikh last week, a manically self-congratulatory Donald Trump, Gaza’s make-believe saviour, hailed his fellow “tough guys” – tame tyrants, such as Egypt’s Abdel Fatah al-Sisi, who helped fabricate his flimsy Israel-Hamas ceasefire deal.Yet later this month, the American pharaoh-president is due to face a far less biddable tough guy: China’s leader, Xi Jinping. Bookmakers may withhold odds on the outcome. In the US-China race for 21st-century primacy, Xi is sprinting ahead, assisted by spur-heeled Trump’s many missteps.Simon Tisdall is a Guardian foreign affairs commentator Continue reading...

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21 h. ago US treasury secretary and Chinese vice premier plan another meet over ‘unsustainable’ tariff hike

Scott Bessent says he expects to meet with He Lifeng in Malaysia next week

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40 h. ago Trump admits that his 157% tariff on China is ‘not sustainable’ but shrugs off changing it

During a Fox interview, Donald Trump also criticized Richard Nixon for his landmark 1972 visit to Beijing

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2 d. ago Trump plans Ukraine 'victory fund' paid for by tariffs on China

Under the proposal, Chinese imports could face a 500 per cent tariff, with the revenue directed to weapons and aid for Ukraine's armed forces.

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4 d. ago US and China begin collecting port fees on each other’s vessels amid trade war

A return to an all-out trade war appeared imminent last week, after China announced a major expansion of its rare earths export controls

Events

4 d. ago US treasury secretary accuses Beijing of trying to damage global economy; silver hits record high – business live

Rolling coverage of the latest economic and financial newsWhy has US-China trade war restarted and how have markets reacted?A flurry of takeover talk speculation has pushed up shares in budget airline EasyJet this morning.EasyJet’s shares are up over 7%, leading the risers on the FTSE 100 share index.“[The group] does not believe the redress methodology proposed by the FCA appropriately reflects actual customer loss or achieves a proportionate outcome.“...the FCA’s proposed approach to assessing unfairness does not align with the legal clarity provided by the supreme court judgement in respect of the “Johnson” case, which confirmed that the test for unfairness is highly fact specific and must take into account a broad range of factors. The group will continue to engage with the FCA in respect of these points.“Many motor finance lenders did not comply with the law or the rules. It’s time their customers get fair compensation. Recent court judgments show that liabilities exist no matt...

Events

5 d. ago FTSE 100 Live 13 October: Lloyds shares up despite new provision, miners lift index

Lloyds Banking Group today made a big increase to the amount it will need to cover motor finance mis-selling compensation.

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6 d. ago FTSE 100 Live 13 October: Lloyds lifts car finance provision, mortgage rates rise

Lloyds Banking Group today made a big increase to the amount it will need to cover motor finance mis-selling compensation.

Economics

6 d. ago China warns of retaliation after Trump slapped country with extra tariffs – but US leader insists ‘it will be fine’

CHINA has warned it will retaliate with its own "countermeasures" after Donald Trump hit the country with extra 100 per cent tariffs - in the latest escalation of the tit-for-tat trade war. The US president played down simmering tensions between the two nations - vowing everything "will be fine" in the face of Beijing's latest...

Events

6 d. ago The IMF boss is right to say ‘buckle up’ – the global economy is facing multiple menaces

Trump’s latest tariff tantrum and rising fears of an AI bubble have very quickly borne out Kristina Georgieva’s claim that ‘uncertainty is the new normal’Trump threatens 100% tariffs as Beijing restricts rare-earth exportsLittle more than 48 hours passed last week between IMF chief Kristalina Georgieva’s warning that “uncertainty is the new normal” and Donald Trump’s latest tariff onslaught – this time aimed at China.Markets plunged on Friday after Trump threatened to levy punitive additional tariffs of 100% on Chinese goods in retaliation for Beijing’s blocks on exports of rare earth minerals. Continue reading...

Economics

7 d. ago MIKEY SMITH: 11 unhinged Donald Trump moments after he gets unexpected medical procedure

Donald Trump gets a curiously clean bill of health, slaps 100% tariffs on China ...and something weird has been going on with Melania and Putin

Politics

7 d. ago Fears of new global crash grow after Donald Trump terrifies markets by threatening 100 per cent tariff on China

The S&P 500 plunged 2.7 percent, the Dow Jones Industrial Average sank 878 points, and the NASDAQ Composite slid 3.6 percent by the closing bell in New York.

Events

7 d. ago Crypto crash: Bitcoin and Ethereum plummet after Trump imposes 100 per cent tariffs on China

The Wall Street stock market also recorded its biggest single-day losses since Trump imposed sweeping tariffs in April

Events

8 d. ago Trump imposes extra 100 PERCENT tariff on China: S&P suffers biggest wipeout since Liberation Day

Donald Trump has announced a 100 percent tariff on all Chinese goods.

Politics

8 d. ago Markets tumble as Trump escalates trade war with 100% tariff on China ‘over and above’ current rates

Stocks had been dropping all day after Trump announced a ‘massive increase of Tariffs on Chinese products,’ to counter the country’s new export controls on rare earth minerals

Politics

8 d. ago Trump threatens 100% China tariffs as Beijing restricts rare

President accuses China of ‘very hostile’ moves and says additional tariffs could come on 1 November ‘or sooner’Donald Trump has threatened to impose additional US tariffs of 100% on China from next month, accusing Beijing of “very hostile” moves to restrict exports of rare earths needed for American industry.Wall Street fell sharply after the US president reignited public tensions with the Chinese government, and raised the prospect of another acrimonious trade war between the world’s two largest economies. Continue reading...

Politics

8 d. ago Trump reignites trade war with threat of additional 100% tariff on China

President says measures will include export controls on software and take effect from November 1 ‘or sooner’

Events

8 d. ago Donald Trump threatens extra 100% tariff as he retaliates against China

President says measures will include export controls on software and take effect from November 1 ‘or sooner’

Politics

8 d. ago US stocks close sharply lower after Trump threatens new China tariffs

Biggest one-day drop in S&P 500 since April brings weeks long rally to a halt

Politics

8 d. ago UK stocks spooked by new Trump threat of fresh tariffs on China

The US President said ‘countermeasures’ were possible as part of a dispute over critical minerals.

Politics