58 m. ago China’s new tariffs on US goods take effect as Asian markets rally after Trump’s tariff reversal – business live

China’s 84% retaliatory tariffs on US goods, announced on Wednesday, are due to come into effect on ThursdayRead the latest full reportChina and the European Union have exchanged views on strengthening their economic and trade cooperation in response to US tariffs, the Chinese commerce ministry said on Thursday, according to Reuters news agency.In a video call on Tuesday, China’s commerce minister Wang Wentao discussed with European trade and economic security commissioner Maros Sefcovic the restart of talks on trade relief and to immediately carry out negotiations on electric vehicle price commitments, the Chinese ministry statement said. Continue reading...

Economics

5 h. ago China’s new tariffs on US goods to come into effect as Trump pauses measures for other countries – business live

China’s 84% retaliatory tariffs on US goods, announced on Wednesday, are due to come into effect on ThursdayRead the latest full reportIn a stunning U-turn, Trump has reversed high tariffs on most nations – at least for 90 days. But the focus is now on China, the second-biggest provider of US imports, of which the pause does not apply.Instead, Trump has raised tariffs on China to 125%, while China has announced new tariffs of 84% on all US imports, further escalating a high-stakes confrontation between the world’s two largest economies.For President Xi, there is only one politically viable response to Trump’s latest threat: Bring it on! Having already surprised domestic audiences with a forceful 34% reciprocal tariff, any appearance of backing down would be politically untenable,” says Diana Choyleva, founder and chief economist at Enodo Economics, a forecasting firm.”Global markets surged after Trump announced his 90-day tariff pause. The S&P 500 surged 5.6%, while the Nasdaq h...

Politics

5 h. ago Why Trump just made EVERYONE's iPhone more expensive. The truth about how much more it could cost. And can the most complex supply chain in history really be relocated to America?

It is near-ubiquitous on Britain's high streets. But experts say Donald Trump's new trade tariffs on China - which is the world's greatest producer of the iPhone - could send its cost soaring.

Politics

11 h. ago CHRISTOPHER BUCKTIN Donald Trump's tariff tantrum is a trade war climbdown dressed as victory

Donald Trump’s approach to tariffs has been as simplistic as it is catastrophic - slap them on, bark about winning, and expect the rest of the world to capitulate. But the world didn’t play along

Politics

12 h. ago Trump promotes Jamie Dimon interview after JPMorgan CEO predicts tariffs will ‘likely’ cause recession

‘Fixing Trade and Tariffs is a good thing!’ Donald Trump quoted Jamie Dimon from a Fox interview, failing to note that the JPM chairman warned of a ‘likely’ recession

Economics

13 h. 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

13 h. ago Petrol to fall below 130p a litre within days as Trump tariffs cause oil price to plunge

Fears that Trump's new trade tariffs could trigger a global recession has sent oil prices plummeting - and drivers will benefit at the pumps.

Politics

14 h. ago Trump reveals how American families can PROFIT from market crash: Live updates

President Donald Trump said other world leaders are desperate to deals with him as his tariffs come into effect.

Events

14 h. ago Tesla CEO Elon Musk becomes severe casualty of Trump’s tariff war after losing $44bn in one week

A bitter rift appears to be forming between the world’s richest man and Republican president over his controversial trade policy

Economics

15 h. ago China retaliates with 84% tariffs as Trump says ‘great time to move companies to the US’ – business live

Stock markets down in UK and across Europe after steep declines in Asia, while turmoil spreads to bond market China announces 84% tariffs on all US goods in response to Trump’s 104%Bank of England warns Trump tariffs threaten global growth and raise risk of ‘severe shocks’Today’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...

Politics

15 h. ago Trump Treasury Secretary Scott Bessent fires back at 'loser' China in all

President Donald Trump said other world leaders are desperate to deals with him as his tariffs come into effect.

Politics

15 h. ago Trump tariffs live: EU votes for retaliatory tariffs on US goods while China imposes fresh 84% levy

Asian markets slump again in Wednesday’s early trade as Trump’s full roster of ‘reciprocal’ tariffs takes effect

Politics

16 h. ago Superpower trade war explodes as China hits back with 84% tariffs but Trump claims nations are 'kissing my ass'

‘The situation has dangerously escalated’, China says as world’s two biggest economies fight spiralling trade war

Events

16 h. ago Elon Musk escalates MAGA civil war over Trump's tariffs with very telling action

Elon Musk isn't backing off his escalating war of words with President Donald Trump's tariff architect and trade advisor Peter Navarro.

Politics

17 h. 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

17 h. ago These are hot investments that professional stock pickers are buying NOW to profit from Trump's trade tariff wars

Uncertainty, market volatility and negative sentiment are back in spades and there seems little light at the end of the tunnel.

Economics

17 h. ago Superpowers trade war explodes as China hits back with 84% tariffs but Trump claims nations are 'kissing my ass'

‘The situation has dangerously escalated’, China says as world’s two biggest economies fight spiralling trade war

Events

17 h. ago Trump tariffs live: China announces fresh 84% levy on US goods in latest trade war escalation

Asian markets slump again in Wednesday’s early trade as Trump’s full roster of ‘reciprocal’ tariffs takes effect

Politics

18 h. ago What does Trump’s 104% tariff 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

18 h. ago Meghan Markle wades into Trump tariff row with strange 'affordable' claim

In a new interview, Meghan Markle opened up about her business plans after her lifestyle brand As Ever saw its first batch of products sell out - and also talked about US President Donald Trump's controversial trade tariffs

Politics