94 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

1 hour ago Rachel Reeves will meet US counterpart TODAY as figures show a QUARTER of UK car exports go to America

Chancellor Rachel Reeves will sit down with Treasury Secretary Scott Bessent in Washington, where they have been both attending an IMF summit.

Politics

1 hour 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

12 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

13 h. ago Google reports strong earnings amid DoJ antitrust lawsuits and Trump tariffs

Tech giant exceeds Wall Street expectations despite 17% drop in stock price and tariffs levied on its trade partnersGoogle’s parent company Alphabet reported strong first quarter earnings on Thursday, despite being embroiled in antitrust lawsuits brought by the US government and seeing a 17% drop in its stock price since the beginning of the year. This is the company’s first earnings report since Donald Trump levied tariffs on trade partners around the world.Despite the upheaval for Alphabet, it exceeded Wall Street’s expectations, reporting revenue of $90.23bn, up 12% since the same time last year, and $2.81 in earnings per share. Analysts had projected first quarter revenue of $89.2bn and earnings of $2.01 per share, according to consensus estimates. The global tariffs were not expected to create much of an impact for Alphabet, since they were mostly instituted after the end of the quarter. Continue reading...

Politics

15 h. ago Google to report earnings amid justice department lawsuits and Trump tariffs

Parent company to report revenue as it’s embroiled in 17% drop in stock price and tariffs levied on its trade partnersGoogle’s parent company Alphabet will report its first quarter earnings on Thursday, which come as the tech giant is embroiled in antitrust lawsuits brought by the US government and a 17% drop in its stock price since the beginning of the year. It’s also the company’s first earnings report since Donald Trump levied tariffs on trade partners around the world.Despite the upheaval, analysts appear optimistic on Alphabet’s outlook projecting first quarter revenue of $89.2bn, up 11% since the same time last year, and earnings of $2.01 per share, up 7%, according to consensus estimates. Analysts don’t expect the global tariffs to create much of an impact for Alphabet, since they were mostly instituted after the end of the quarter. Continue reading...

Politics

17 h. ago Rachel Reeves to say world leaders should 'reduce barriers to trade' ahead of meeting with US counterpart over Donald Trump's tariffs and a UK deal

The Chancellor will tell the International Monetary Fund 's spring meeting in Washington that the 'new era of global trade' requires a new system that 'provides security for working people'.

Politics

17 h. ago Reeves moves to appease Trump with new vision for global trade

As the UK scrambles to get a US trade deal, Rachel Reeves has made a speech calling for a new global trade system aimed at dealing with concerns raised by Donald Trump

Politics

21 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

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

35 h. ago A dozen US states sue to stop Trump’s ‘reckless and insane’ tariff policy

Lawsuit rebukes claim that president can arbitrarily impose tariffs based on act intended for emergenciesA dozen states sued the Trump administration in the US court of international trade in New York on Wednesday to stop its tariff policy, saying it is unlawful and has brought chaos to the American economy.The lawsuit said the policy put in place by Donald Trump has been subject to his “whims rather than the sound exercise of lawful authority”. Continue reading...

Politics

35 h. ago Trumpworld talks out of both sides of its mouth on tariffs and trade

Analysis: Trump’s tariffs might upset the tummy of Wall Street. But its the inconsistency that will give investors heartburn

Politics

37 h. ago Rachel Reeves in US for trade showdown talks in hopes of saving ailing economy

Rachel Reeves will meet with US counterpart Treasury Secretary Scott Bessent in the hopes of seeking the best deal possible for Britain amid crippling US trade tariffs

Economics

40 h. ago Reeves signals UK could lower tariffs on US car imports in bid to secure Trump trade deal

The chancellor is in Washington DC as pressure mounts over dire IMF predictions about the UK economy if Trump goes ahead with his tariffs

Economics

40 h. ago Rachel Reeves says US trip about more than 'damage limitation' as she signals UK could lower import levies on American cars in bid for trade deal with Donald Trump

The Chancellor is in Washington for IMF meetings and talks with other G20 finance ministers to discuss the impact of the US president on global commerce.

Politics

41 h. ago Reeves opens door to cutting US car import tariffs in UK trade talks

Chancellor says a deal ‘can be done’ with Washington but insists Britain will not lower food or auto standards

Politics

41 h. ago Reeves claims she ‘absolutely’ trusts Trump but is in ‘no rush’ to do trade deal with him

The chancellor is in Washington DC as pressure mounts over dire IMF predictions about the UK economy if Trump goes ahead with his tariffs

Politics

41 h. ago UK open to lowering tariffs on US goods to secure Donald Trump trade deal

Chancellor Rachel Reeves said Donald Trump is 'keen' to forge an agreement with the UK, which could ease the impact of his sweeping trade tariffs on British businesses

Economics

42 h. ago FTSE 100 jumps amid global stock rally after Trump rows back on tariff threats

The US president said that sky-high trade tariffs on China will ‘come down substantially but it won’t be zero’, prompting stock markets to surge.

Politics

42 h. ago Stock markets rise as Trump backtracks on high China tariffs and firing Fed chair

Weeks of tough talk from the US president, who now says he will be ‘very nice’ to China, had rattled investors Stock markets have risen around the world after Donald Trump said his tariffs on China would come down “substantially” and he had “no intention” of firing the chair of the US central bank, Jay Powell.Weeks of tough talk on trade from White House officials have rattled investors and Trump now appears to be softening his tone. The president told reporters in Washington on Tuesday he planned to be “very nice” to China in trade talks and that tariffs could drop in both countries if they could reach a deal, adding: “It will come down substantially, but it won’t be zero.” Continue reading...

Politics