40 h. ago Online retailer stuns shoppers by abruptly halting packages from China as Trump's tariff rules kick in

Bargain fast-fashion chain Temu has halted all shipments into the US from China. 

Politics

50 h. ago China says it is ‘evaluating’ US offer for talks on Trump tariffs

Beijing warns Washington that any attempt to use talks as pretext to engage in coercion and extortion won’t work

Politics

3 d. ago US has approached China seeking talks on Trump tariffs, says state social media

Development may be indication China is softening on beginning negotiations over American 145% tariffsUS politics live – latest updatesThe US has approached China seeking talks over Donald Trump’s 145% tariffs, a social media account affiliated with Chinese state media has said, potentially signalling Beijing’s openness to negotiations.“The US has proactively reached out to China through multiple channels, hoping to hold discussions on the tariff issue,” Yuyuan Tantian reported in a post published on its official Weibo social media account, citing anonymous sources. Continue reading...

Politics

3 d. ago China hints at openness to trade talks with US; Tesla denies board search for Musk successor – business live

Live, rolling coverage of business, economics and financial markets as Chinese state-controlled social media says US has approached China for trade talksLloyds Banking Group has reported a 7% drop in pre-tax profit to £1.5bn in its first quarter, and is bracing for the ripple effect from Trump’s tariffs on its balance sheet.The high street bank said that it has set aside £309m to account for possible bad debts, compared with previous guidance of £274m, as it added a £35m net charge to prepare for the possible impact on the economic outlook from President Trump’s tariffs.The US has proactively reached out to China through multiple channels, hoping to hold discussions on the tariff issue.Yuyuan Tantian is not among China’s most authoritative state media outlets. The Global Times, which is owned by the newspaper of the governing Communist Party, People’s Daily, has often been first to report China’s next steps in trade disagreements over the past few years.Guo Jiakun, a spokesperson fo...

Politics

4 d. ago China's export orders dip in April as Trump's tariffs begin to bite

Monthly surveys of Chinese factory managers shows export orders slowed in April as higher tariffs on U.S. imports began to kick in

Politics

4 d. ago Trump's tariffs loom over the economy as shipments from China fall

American businesses are cancelling orders from China, postponing expansion plans and hunkering down to see what trade policy surprises President Donald Trump plans to spring on them next

Politics

4 d. ago Trump doubles down on trade war with China and insists Americans ‘signed up for this’

The president also denied that there would be tough economic periods for Americans, saying instead that he believed ‘great times’ were ahead

Politics

4 d. ago With Canada’s stunning electoral rebuke and doubts over China trade talks, has Trump’s bluster reached its expiration point?

ANALYSIS: Mark Carney’s condemnation of the United States’s ‘betrayal’ is a sign that the world is no closer to submitting to Trump’s trade demands, writes John Bowden

Politics

4 d. ago White House gets defensive when asked if Xi and Trump have talked about the future of tariffs

Trump has claimed to have spoken with the Chinese leader in recent weeks. The Chinese government says it hasn’t happened

Events

5 d. ago ’Nowhere to turn’: Small businesses dependent on imports from China are feeling more desperate

The Trump administration raised tariffs on goods from China to 145% in early April

Politics

5 d. ago Chaos is Trump’s calling card. But reality is biting back | Lloyd Green

In his first 100 days, the president has taken a sledgehammer to institutions and the constitution. We can only guess what’s nextIn nearly 100 days on the job, Donald Trump has outlasted Liz Truss and a fabled head of lettuce. That’s a fact, not an achievement. Like the hapless British prime minister, the 47th president blazes a trail of wreckage. Chaos is his calling card. If, when and how the carnage ends is anyone’s guess.The US simultaneously wages economic war on its allies and China. Tariffs soar. It’s as if Trump forgot the words “Smoot-Hawley” and “Great Depression”. The president risks higher inflation and a recession for an idealized yesteryear that never quite was. Back on Earth, markets signal potential capital flight and stagflation.Lloyd Green is an attorney in New York and served in the US Department of Justice from 1990 to 1992 Continue reading...

Politics

5 d. ago Trump signs orders stepping up immigration crackdown and ‘unleashing America’s law enforcement’ – US politics live

Executive orders target sanctuary cities, give legal help for police accused of misconduct and require truck drivers to speak EnglishHere is an extract from The Atlantic’s piece on Trump’s first 100 days – in an interview secured after initially being canceled by the president over previous reporting from the journalists, who then reached the president on his cellphone – detailing some of the key development’s of his second term so far.The president seemed exhilarated by everything he had managed to do in the first two months of his second term: He had begun a purge of diversity efforts from the federal government; granted clemency to nearly 1,600 supporters who had participated in the invasion of the US Capitol on January 6, 2021, including those caught beating police officers on camera; and signed 98 executive orders and counting (26 of them on his first day in office). He had fired independent regulators; gutted entire agencies; laid off great swaths of the federal workforce; and...

Politics

6 d. ago Trump to step up immigration crackdown with extra powers for law enforcement – US politics live

Press secretary says president also to sign executive orders increasing pressure on sanctuary cities and statesHere is an extract from The Atlantic’s piece on Trump’s first 100 days – in an interview secured after initially being canceled by the president over previous reporting from the journalists, who then reached the president on his cellphone – detailing some of the key development’s of his second term so far.The president seemed exhilarated by everything he had managed to do in the first two months of his second term: He had begun a purge of diversity efforts from the federal government; granted clemency to nearly 1,600 supporters who had participated in the invasion of the US Capitol on January 6, 2021, including those caught beating police officers on camera; and signed 98 executive orders and counting (26 of them on his first day in office). He had fired independent regulators; gutted entire agencies; laid off great swaths of the federal workforce; and invoked 18th-century ...

Politics

6 d. ago Trump's tariff wars 'are not working,' says France's chief banker highlighting US recession fears

Francois Villeroy de Galhau slammed the uncertainty the US president’s import levies have sparked in economies and markets around the world

Economics

6 d. ago China stockpiles oil as Trump tariff shock hits crude prices

Imports surged in March and continued to accelerate despite concerns global economy will weaken

Events

6 d. ago Trump claims trade negotiations are happening every day with China. No one in Beijing or Washington seems to know who is doing the talking

President says U.S. and China are talking, China denies it, and no one in the administration seems to know about it

Politics

8 d. ago Empty store shelves are coming as companies cancel orders from China amid tariff concerns

Number of freight vessels scheduled to arrive at the Port of Los Angeles is on track to be down by 31 percent for the week ending May 10

Politics

8 d. ago Trump claims China's President Xi called HIM amid tariffs drama and makes odd comparison regarding their chat

President Donald Trump claimed that China's President Xi Jinping called him amid the countries' tariff drama - as China continued to dispute that trade talks are happening.

Politics

8 d. ago FBI arrests judge for alleged obstruction of immigration arrest operation, Patel says in deleted social post – live

Kash Patel has since deleted the post on X that had said a Wisconsin judge was arrested and accused of helping an immigrant ‘evade arrest’Apple is reportedly planning to switch assembly of all iPhones for the US market to India as the company seeks to reduce its reliance on a Chinese manufacturing base amid Donald Trump’s trade war.The $3tn (£2.3tn) technology company aims to make the shift as soon as next year, the Financial Times reported. Continue reading...

Events

8 d. ago Trade war fears trigger biggest slide in US consumer expectations since 1990 recession – business live

Rolling coverage of the latest economic and financial newsXi announces plan for Chinese economy to counter impact of US trade warEuropean stock markets are rising this morning, amid hopes that China is relaxing some of its tariffs.In London, the FTSE 100 index is up 12 points or 0.13%, at 8417 points. Engineering companies are among the top risers, with aerospare manufacturers Melrose up 3.6%, and Rolls-Royce up 2%, after Safran reported that tariffs on aircraft parts have been lifted.“We learned last night that China has taken the decision not to tax engines or landing gear or nacelles - in other words a certain number of aerospace equipment parts.”“It demonstrates that the situation is very fluid.” Continue reading...

Economics