5 h. ago US Trade Representative Greer says US and China to roll back most tariffs

U.S. and Chinese officials say they have reached a deal to roll back most of their recent tariffs for 90 days and keep talking to resolve their trade disputes

Politics

69 h. ago The Guardian view on the impact of Trump’s film tariffs: a disaster movie waiting to happen | Editorial

The US president’s proposed levies will badly hit the UK industry just as it is recovering from a series of blowsBarbieland, the Emerald City and a galaxy far, far away were all built – at least in part – at film studios just outside London. Now the UK film industry has come crashing down to earth with Donald Trump’s threat to impose 100% tariffs on all movies “produced in foreign lands”. “Hollywood is being destroyed,” Mr Trump announced, like an action hero on a mission. “Other nations have stolen our movie industry.” In the UK the news was met with warnings that the British film sector would be “wiped out” by such a “knock-out blow”. Brian Cox, the Succession star, called the proposed tariffs “an absolute disaster”. Roll the opening credits.Mr Trump has a point. New instalments of Marvel’s Avengers and Spider-Man are filming around London this summer. No wonder the president wants “MOVIES MADE IN AMERICA, AGAIN!” The UK’s generous tax incentives, skills base and state-of-the-art ...

Politics

3 d. ago China exports beat expectations despite slump in trade with US

April trade data comes the day before representatives from Washington and Beijing were set to meet to discuss Trump’s tariffsChinese trade with the United States slumped in April even as its total exports beat forecasts, official figures show, as trade representatives from both nations prepared to meet this weekend in the midst of a gruelling trade war between the superpower rivals.Exports to the United States – one of China’s top trading partners – fell 17.6% in April, data showed. Against that backdrop, analysts polled by Bloomberg had expected exports to rise just 2% year-on-year last month. However they beat expectations, coming in at 8.1%. Continue reading...

Politics

5 d. ago China chides US over ‘serious negative impact’ of Trump tariffs as trade talks set to begin

China’s vice-premier He Lifeng will meet US treasury secretary Scott Bessent in Switzerland between 9 and 12 MayChina has vowed to “safeguard international fairness and justice” in upcoming talks with the United States in Switzerland, the first meeting between the two countries to discuss trade war that has roiled the global economy since US president Donald Trump unveiled sweeping tariffs last month.China’s vice-premier He Lifeng will meet US treasury secretary Scott Bessent on the sidelines of meetings in Switzerland between 9 and 12 May. US trade representative Jamieson Greer will also attend. Continue reading...

Politics

7 d. ago Trump’s movie tariffs are designed to destroy the international film industry

Vague and grandstanding as the US president’s messaging may be, it has serious ramifications which could wipe out large sections of the film businessDonald Trump’s bombshell announcement that “Movies coming into our Country that are produced in Foreign Lands” will be subject to an 100% tariff has certainly caught the attention of Hollywood, as well as the international film industries it seems to be aimed at – principally Canada, the UK, Australia and New Zealand, as well as European countries such as Hungary and Italy that have often acted as bases for US film production.Vague and grandstanding at it is – Trump concluded his post with an all-caps “WE WANT MOVIES MADE IN AMERICA, AGAIN!” – the chaotic roll out of previous Trump tariffs has triggered feverish speculation, as well as defiance, in the film industry in exactly how this might play out. Continue reading...

Politics

7 d. ago British movie industry dealt devastating blow as Trump hits non

Trump said he was authorising the US Department of Commerce and Trade Representative to start the process to impose the levy because America's movie industry was dying "a very fast death"

Politics

7 d. ago Trump announces 100% tariffs on movies ‘produced in foreign lands’

President calls films ‘national security threat’ and claims he called on commerce department to immediately enact tariffDonald Trump on Sunday announced on his Truth Social platform a 100% tariff on all movies “produced in Foreign Lands”.In his post, he claimed to have authorized the Department of Commerce and the US trade representative to immediately begin instituting such a tariff, although he gave no details on how it would be implemented. Continue reading...

Politics

1 week ago US economy shrinks in first quarter of Trump 2.0 amid sweeping tariffs

Drop comes amid a huge fall in consumer sentiment which in April dropped 32% to lowest level since 1990 recessionThe US economy shrank in the first three months of Donald Trump’s second term as the president sought to roll out an aggressive trade strategy, claiming that sweeping tariffs on the world would strengthen the US economy.Gross domestic product (GDP), a key measure of overall growth in the US economy, fell by 0.3% in the first quarter of the year, down from 2.4% in the last quarter of 2024. The contraction – the first since the start of 2022 – puts the US on the brink of a technical recession, defined by two quarters of negative growth. Continue reading...

Politics

3 w. ago Nato chief in surprise Ukraine visit as US fails to condemn Sumy attack – Europe live

Mark Rutte makes unannounced visit to Odesa and tells Zelenskyy that ‘Nato support is unwavering’The EU has said that “significant joint efforts will be needed” for a successful outcome to trade talks at the end of Donald Trump’s 90-day pause on tariffs.The European Commission, which handles trade policy for the 27 EU member states, was reporting back on a meeting between its lead trade official Maroš Šefčovič and US commerce secretary Howard Lutnick and US trade representative Jamieson Greer in Washington on Monday.The EU will continue to approach these talks in a constructive manner, with a view to identify areas of common interest. It is clear that significant joint efforts will be needed to achieve a successful outcome within the 90-day window.The EU is doing its part. Now it is necessary for the US to define its position. As with every negotiation this must be a two-way street... With both sides bringing something to the table.” Continue reading...

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