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As they reel from Trump’s policies, companies say volatile freight costs and congestion are now the norm The container ship was halfway across the Atlantic when Donald Trump, during his first term in office, levied tariffs on steel and aluminium import…
In a single stroke, Donald Trump undid a century of US trade liberalisation –then, tried to pause it. What changed his mind?Get our afternoon election email, free app or daily news podcastBy the time Australians woke Wednesday morning, 3 April, the wor…
Chinese leader canvasses Spain and other trading partners on how to tackle economic fallout as market turmoil continuesBusiness live – latest updatesWhy did ‘strongman’ Trump back down on tariffs? – podcastChina has raised its tariffs on US products to…
The president’s U-turn after his maverick plan threatened meltdown has echoes of the 2022 UK crisisBusiness live – latest updatesA maverick economic policy announcement from a self-styled disruptor plunges the country’s currency into freefall and puts …
As China retaliates against tariffs, it is also making strategic manoeuvres on EU and Asia to maximise opportunitiesBusiness live – latest updatesOn the basis of Napoleon’s dictum “never interrupt your enemy while they are making a mistake”, there was …
‘We want to give negotiations a chance,’ says Ursula von der Leyen in announcement of 90-day pauseEurope live – latest updatesThe EU has suspended its retaliatory 25% tariffs on US goods for 90 days after Donald Trump’s dramatic climbdown in his trade …
US president posted it was ‘a great time to buy’ on social media just hours before pausing tariff impositionsBusiness live – latest updatesDonald Trump is facing accusations of market manipulation after posting on social media that it was a “great time…
This live blog is now closed.Supreme court orders US to help return man wrongly deported to El SalvadorThe House on Wednesday passed a bill restricting district court judges from issuing nationwide injunctions in a move that would vastly diminish the a…
This blog is now closed, you can read more of our European news coverage hereWe’re getting a bit more details from EU spokesperson, Olof Gill, speaking at the commission’s press briefing right now (which, notably, got delayed by almost half an hour as …
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 …