33 h. ago China schools Trump on the art of a tariff deal: Don’t threaten us

Donald Trump has announced he’s willing to back way off Chinese tariffs after his levy package hit the stock market, the strength of the dollar, small businesses and American jobs.

Economics

8 d. ago AP PHOTOS: Trump's tariffs could be tough to crack for a German nutcracker maker focused on the US

U.S. President Donald Trump’s tariffs threaten to become a tough nut to crack in an unlikely place — a small Germany company producing painstakingly hand-crafted nutcrackers that are snapped up by American collectors.

Politics

8 d. ago AP PHOTOS: Trump tariffs threaten the survival of the centuries

Mohammad Yousuf Dar and his wife, Shameema, sit cross-legged before their loom, deftly tying consecutive knots to create the floral patterns of the famed Kashmiri carpets that are now threatened by the Trump administration’s sweeping tariffs.

Events

8 d. ago Trump's tariffs could be tough to crack for a German nutcracker maker focused on the US

U.S. President Donald Trump’s tariffs threaten to become a tough nut to crack in an unlikely place — a small company whose factory nestled deep in the hills of eastern Germany produces painstakingly hand-crafted nutcrackers that are snapped up by American collectors

Politics

2 w. ago Trump claims TikTok deal still on the table as China tariffs threaten to derail agreement

Trump announced a 90-day pause on all reciprocal tariffs this week, except for those placed on China

Economics

2 w. ago Trump’s tariffs may be reduced but their impact will be felt in the UK and beyond

We examine potential consequences of US president’s market chaos, which could reach every corner of global finance and economyDonald Trump may have stepped back from his huge tariff rises on every country, except China, which now faces 125%, but the impact of the market chaos is likely to continue in the UK and beyond. The rest of the world still faces a blanket 10% tariff on all US exports.While much of the focus has been the direct impact of the tariffs on physical goods, Trump’s actions threaten to reach every corner of global finance and the economy. Continue reading...

Politics

2 w. 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

2 w. ago Trump tariffs threaten global growth and raise risk of ‘severe shocks’, says Bank of England

Levies have heaped pressure on government finances and increased chance of ‘further sharp correction’, report warnsTrump imposes new tariffs on dozens of partnersDramatic sell-off of US government bondsBusiness live – latest updatesDonald Trump’s sweeping tariffs have put global growth at risk, the Bank of England has warned, heaping pressure on government finances and increasing the likelihood of “severe shocks” to the financial system.The Bank’s financial policy committee (FPC) said its global risk environment had deteriorated and “uncertainty had intensified” since its last update in November, with US tariff announcements contributing to a “material increase in risks to global growth” and inflation levels. Continue reading...

Events

2 w. ago ‘We will have to raise prices’: gloom and resolve in Yiwu, on China’s trade war frontline

At the world’s largest wholesale market, vendors have reduced their exposure to the US but fear the repercussions of a global economic shockIf you have ever bought a Christmas decoration, a button, an electric shaver or any other cheap manufactured product, there is a good chance it came from Yiwu, a city in east China’s Zhejiang province that is home to the world’s largest wholesale market.Covering more than 4m square metres, tens of thousands of suppliers have booths in Yiwu International Trade City. As the US and China exchange increasingly hysterical rhetoric and threaten ever-higher tariffs, it is vendors at places like Yiwu who are at the frontline of the new trade war. Continue reading...

Events

2 w. ago Trump Tariffs threaten 35,000 jobs, entire towns in South Africa's citrus sector, farmers group says

A farmers group says the new 30% tariffs set to be imposed on South Africa by the Trump administration will threaten 35,000 jobs in the country’s citrus-growing sector and the economies of entire towns

Politics

2 w. ago US tariffs threaten almost $2tn of investment pledges by global companies

Businesses with supply chains vulnerable to sweeping duties had been hoping to negotiate concessions from Washington

Economics

2 w. ago Volatility grips global stock markets as Trump insists on tariff ‘medicine’

Wall Street swings in and out of red as turmoil from US president’s assault on world trade enters second weekTrump threatens additional 50% tariffs on China over retaliatory leviesWhich Trump-backing billionaires have lost the most?Extreme volatility plagued global stock markets on Monday, with Wall Street swinging in and out of the red as Donald Trump defied stark warnings that his global trade assault will wreak widespread economic damage, comparing new US tariffs to medicine.A renewed sell-off began in Asia, before hitting European equities and reaching the US. It was briefly reversed amid hopes of a reprieve, only for Trump to threaten China with more steep tariffs, intensifying pressure on the market. Continue reading...

Politics

2 w. ago ECB expected to cut rates in April and June as tariffs threaten recession

Growing concern about growth and deflationary pressure predicted to force central bankers’ hands in Eurozone and UK

Economics

3 w. ago Trump tariffs threaten havoc for companies with Asia supply chains

Shares in tech groups and retailers hit as ties to China and other supplier nations face turmoil

Politics

3 w. ago Spain’s Rioja wine cellars are overflowing. Trump’s tariffs threaten to make that worse

The U.S. is the second largest export market for Rioja wines after Britain

Politics

3 w. ago Trump's 25% tariffs on US car imports could threaten 25,000 UK jobs, think tank warns

The Institute for Public Policy Research said the US President's levies on UK-made cars entering the US would put 'extreme pressure' on Britain's car makers'.

Events

3 w. ago Donald Trump's crippling 'Liberation Day' tariffs threaten crisis for Rachel Reeves with Chancellor's headroom to be wiped out just one week after cuts

Rachel Reeves will face a fresh crisis today as Donald Trump unleashes a fresh barrage of crippling tariffs.

Events

4 w. ago China looks south as it seeks to reduce reliance on a capricious United States

China wants to protect against the volatility of Trump’s tariffs, and now has more than a dozen free trade agreements with global south countriesChinese vice-premier Ding Xuexiang has pledged to give stronger policy support to the Chinese economy as he delivered the keynote speech at a forum focused on bolstering the country’s role in Asia and ties with the global south.With the tariffs on Chinese goods mounting, China is trying to find a foundation for growth that does not rely on an increasingly capricious United States. At the Boao Forum for Asia, a conference in south China’s Hainan province, Chinese officials and academics stressed the need for partnerships with global south countries. Despite its rapid economic growth in the past three decades, China still identifies as being part of this group. Continue reading...

Politics

4 w. ago US allies worldwide decry Trump’s car tariffs and threaten retaliation

Friendly countries around the globe join China in insisting import taxes are harmful to all, including WashingtonGovernments from Tokyo to Berlin and Ottawa to Paris have voiced sharp criticism of Donald Trump’s sweeping tariffs on car imports, with several of the US’s staunchest long-term allies threatening retaliatory action.Trump announced on Wednesday that he would impose a 25% tariff on cars and car parts shipped to the US from 3 April in a move experts have predicted is likely to depress production, drive up prices and fuel a global trade war. Continue reading...

Politics

4 w. ago Trump threatens higher tariffs on EU and Canada as UK says it won’t escalate trade war – live

US president threaten ‘large scale tariffs, far larger than currently planned’ if EU works with Canada amid trade war concernsTop aides to Joe Biden “aggressively” warned Democratic donors last summer that if the then president was forced out of the 2024 election over concerns about his age and fitness, the party would inevitably make the “mistake” of running the vice-president, Kamala Harris, against Donald Trump, a new book says.“One donor on the receiving end of an electronic message summed up the sentiments of Biden’s top aides: ‘They were aggressively saying that we would wind up with the vice-president and that would be a mistake.’” Continue reading...

Events