4 h. ago US trade deficit surges; Amazon accused of ‘hostile and political’ act for displaying tariff costs – business live

Rolling coverage of the latest economic and financial newsUK grocery inflation has edged up this month, as consumers are hit by rising food prices.Data provider Kantar has reported that supermarket prices rose by 3.8% per year in the four weeks to April 20, up from 3.5% a month earlier.“Chocolate confectionery prices rose by 17.4% this period, the fastest of any category, but that didn’t stop the British public treating themselves this Easter. The volume of chocolate eggs sold through supermarket tills still grew by 0.4% on last year, while at the dinner table lamb was the most popular fresh meat joint, followed by beef and pork.Some households chose to indulge in less seasonal fare as the sun came out and they dusted off the barbecue, with burger sales shooting up by 31% over the last month.”The way in which regulations are being applied to bioethanol is undermining the commercial viability of our business. We are having constructive discussions with the UK Government to explore re...

Economics

5 h. ago US trade deficit surges ahead of tariffs; China vows not to ‘kneel down’ – business live

Rolling coverage of the latest economic and financial newsUK grocery inflation has edged up this month, as consumers are hit by rising food prices.Data provider Kantar has reported that supermarket prices rose by 3.8% per year in the four weeks to April 20, up from 3.5% a month earlier.“Chocolate confectionery prices rose by 17.4% this period, the fastest of any category, but that didn’t stop the British public treating themselves this Easter. The volume of chocolate eggs sold through supermarket tills still grew by 0.4% on last year, while at the dinner table lamb was the most popular fresh meat joint, followed by beef and pork.Some households chose to indulge in less seasonal fare as the sun came out and they dusted off the barbecue, with burger sales shooting up by 31% over the last month.”The way in which regulations are being applied to bioethanol is undermining the commercial viability of our business. We are having constructive discussions with the UK Government to explore re...

Economics

2 w. ago Tariffs live: China hits US with fresh levies and vows it will ‘fight to the end’ in Trump trade war

China has lifted tariffs on US goods to 125 per cent and said it would ignore any further US levy increases in the escalating trade war

Events

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 vows to fight tariffs to end, saying trade with US is already balanced

China again vowed to “fight to the end” against Donald Trump’s tariffs in a lengthy policy statement published Wednesday, while arguing that trade between the two countries is in balance as a 104% tax on the country’s exports to the U.S. came into effect

Economics

3 w. ago China vows to 'fight to the end' over Trump's tariffs and accuses the US of 'making mistake on top of mistake' with its 'bullying'

China, the world's second-largest economy, responded to Trump's 'Liberation Day' tariffs last week by imposing 34% rates on US imports, directly mirroring the US President's move

Politics

3 w. ago China vows to fight Trump tariffs to the end with more ‘strong measures’ to come

Beijing calls US president’s threat to impose yet more tariffs ‘a mistake on top of a mistake’

Politics

3 w. ago Trump tariffs live: China vows to ‘fight to the end’ in bitter US trade war after FTSE finally rebounds

Trump threatens to impose extra 50% levy on top of existing eye-watering tariff on Chinese imports

Politics

3 w. ago Donald Trump tariffs crisis LIVE: China vows to 'fight till the end' as markets on edge

Donald Trump is refusing to back down on his plans for crippling tariffs around the world which have already led to huge drops in stock market prices and there is fear for more chaos to come

Politics

3 w. ago China vows to 'fight to the end' and accuses Trump of tariffs blackmail in escalating trade war

‘The US threat to escalate tariffs on China is a mistake on top of a mistake and once again exposes the blackmailing nature of the US’ - China’s Commerce Ministry

Politics

3 w. ago China vows to ‘fight to the end’ against latest Trump tariff threat

Beijing accuses US of blackmail and adding a ‘mistake on top of a mistake’ as Wednesday deadline for latest levies loomsTariff market reaction –live updatesChina’s government says it will “fight to the end” if the US continues to escalate the trade war, after Donald Trump threatened huge additional tariffs in response to China’s retaliatory measures.On Tuesday, China’s commerce ministry accused the US of “blackmail” and said the US president’s threats of additional 50% tariffs if Beijing did not reverse its own 34% reciprocal tariff were a “mistake on top of a mistake”. Continue reading...

Politics

3 w. ago Trump tariffs live: Asian stocks rebound and China vows to ‘fight to the end’ after Trump threatens new levy

Trump threatens to impose an extra 50% levy on top of the existing eye-watering tariff on Chinese imports

Politics

3 w. ago China vows ‘fight to the end’ after Trump threatens extra 50% tariff

Beijing and Washington swap warnings of additional trade retaliation as markets rebound in Asia

Politics

3 w. ago China says it will not bow to US pressure after Trump threatens additional 50% tariffs – business live

Beijing vows to safeguard its interests after Trump promises steeper tariffs if China doesn’t retract planned countermeasures, as markets brace for further volatilityTrump threatens additional 50% tariffs on China over retaliatory leviesJapan’s benchmark Nikkei 225 index has now risen 3%, AFP is reporting.The uptick comes after financial markets across the globe posted a third day of losses on Monday as investors worried that steep trade barriers around the world’s largest consumer market could lead to a recession. Continue reading...

Events

3 w. ago Trump tears into China for retaliating against him and vows that tariffs 'will never change' despite markets tanking

President Donald Trump remained bullish about the effects of his his newly enacted tariffs on Friday, despite retaliatory actions announced by China.

Economics