4 h. ago US tariff war hurting trade with China; Beijing ‘confident’ of hitting growth targets – business live

Rolling coverage of the latest economic and financial newsShares in food delivery group Deliveroo have jumped by 17% at the start of trading in London, after receiving a takeover approach from US rival DoorDash.On Friday night, the news broke that DoorDash had offered to buy Deliveroo for $3.6bn (£2.7bn). Continue reading...

Events

18 h. 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

3 d. ago Trump tariffs: President vents at China over Boeing as Beijing denies claims of trade deal talks

Beijing called claims of trade talks ‘groundless as trying to catch the wind’ and having ‘no factual basis’ as Trump insisted they were happening

Politics

3 d. ago Trump tariffs live: President vents at China over Boeing as Beijing denies claims of trade deal talks

Lawsuit comes as president warned he could re-impose higher tariffs in as little as two weeks

Politics

7 d. ago Beijing warns countries not to act against China in trade deals with US

Response to concerns that Washington will push trade partners to isolate Chinese goods and businesses

Events

2 w. ago China announces countermeasures by raising tariffs on US goods from 84% to 125% from Saturday

China has announced countermeasures by raising tariffs on U.S. goods from 84% to 125% starting Saturday

Politics

2 w. ago Former US treasury secretary slams Trump tariffs as ‘worst self

Janet Yellen, who also is a former Federal Reserve chair, says Trump’s economic policies increase likelihood of recessionRead the latest full reportUS-China trade war intensifies as Beijing’s tariffs come into effect after Trump pauseChina 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...

Politics

2 w. ago Wall Street opens lower despite hopes that ‘well advanced’ trade talks will yield deals

Ursula von der Leyen says EU “want to give negotiations a chance”, by pausing countermeasures for 90 daysRead the latest full reportUS-China trade war intensifies as Beijing’s tariffs come into effect after Trump pauseChina 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

2 w. ago Wall Street to fall back despite hopes that ‘well advanced’ trade talks will yield deals

Ursula von der Leyen says EU “want to give negotiations a chance”, by pausing countermeasures for 90 daysRead the latest full reportUS-China trade war intensifies as Beijing’s tariffs come into effect after Trump pauseChina 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

2 w. ago Euro strengthens as EU delays retaliatory tariffs against US by 90 days in response to Trump’s pause – business live

Ursula von der Leyen says EU “want to give negotiations a chance”, by pausing countermeasures for 90 daysRead the latest full reportUS-China trade war intensifies as Beijing’s tariffs come into effect after Trump pauseChina 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

2 w. ago Furious Beijing accuses Trump of 'going against the whole world' after he refused to reverse punishing 125% tariffs as China renews vow to 'fight to the end' in trade war

Trump's multi-front trade war narrowed focus on its eastern theatre as duties were temporarily lifted from dozens of global trading partners - while China faced more tariffs

Politics

2 w. ago China says Trump’s trade war ‘will end in failure’, as Beijing’s tariffs take effect

China’s 84% tariffs on US products come into force amid market relief after Trump pauses steep reciprocal tariffs elsewhereBusiness live – latest updatesChina says Donald Trump’s trade war with Beijing “will end in failure” for Washington, hours after the US president announced he would be increasing his tariffs on the country’s imports to 125%.China’s own 84% tariffs on US imports came into effect on Thursday amid an escalating trade war between the world’s two biggest economies. Continue reading...

Events

2 w. ago China says Trump’s trade war ‘will end in failure’ as Beijing tariffs take effect

China’s 84% tariffs on US products come into force amid market relief after Trump pauses steep tariffs elsewhereBusiness live – latest updatesChina says Donald Trump’s trade war with Beijing “will end in failure” for Washington, hours after the US president announced he would increase his tariffs on the country’s imports to 125%.China’s own 84% retaliatory tariffs on US imports came into effect on Thursday amid an escalating trade war between the world’s two biggest economies. Continue reading...

Events

3 w. ago China accuses US of unilateralism, protectionism and economic bullying with tariffs

China on Monday accused the U_S_ of unilateralism, protectionism and economic bullying with tariffs for "putting the U_S_ first over international rules.”

Economics

3 w. ago Global cost of Trump trade war ‘could reach $1.4tn’; tariff fears hurt UK factories – business live

Rolling coverage of the latest economic and financial news, as UK business secretary warns Britain will be hit by ‘Liberation Day’ tariffsTrump prepares to unveil reciprocal tariffs as markets brace amid trade war fearsTrump’s new tariffs could backfire if they are set too high, explains Mark Haefele, chief investment officer at UBS Global Wealth Management:“Wednesday’s reciprocal tariffs could push the effective tariff rate another 4 percentage points higher. Anything further than that could move tariffs beyond a revenue-raising ‘sweet spot,’ in our view.Globally, the risk of high tariffs disrupting trade and economic activity would potentially offset any US federal revenue gains that the Trump administration seeks to use to further domestic policies.”“It appears tomorrow there’ll be no country in the world exempt from the initial announcements”.I tihnk that our trading relatinship is a very strong, and fair and balanced one, so I don’t think there is the need to do this. Continue ...

Economics