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Likened to a ‘trade embargo’ and an ‘earthquake’, it could cut exports from affected sectors by as much as 70%Donald Trump’s tariffs of 50% have come into force on most US imports from India. The US president followed through on his threat to punish on…
Companies send letter to business secretary complaining new rules were imposed with 24 hours’ noticeBusiness live – latest updatesUK metals companies have threatened to take legal action against the government over tariffs on raw steel imports from Asi…
Metal traders say crisis averted after US president clarifies on social media that gold bars are duty-freeBusiness live – latest updatesThe price of gold has eased after Donald Trump announced tariffs would not be placed on gold bars.His social media s…
Bourses in Australia and Japan hit record highs as hopes grow of trade deal within latest 90-day pauseBusiness live – latest updatesGeorge Magus: Why Peak China may finally have arrivedDonald Trump’s decision to extend a truce in the trade war with Chi…
Plea about ‘de minimis’ rule, which has underpinned the rise of the online specialists Shein and TemuRachel Reeves must intervene to assist British retailers by ending an imports tax break that favours Chinese online rivals and rethinking plans for hig…
Chipmakers agree to deal amid Trump trade war as condition for obtaining export licences for Chinese marketThe chipmakers Nvidia and AMD have agreed to give the US government 15% of their revenue from advanced chips sold to China in return for export l…
Carmaker says US-UK trade deal now in place will reduce future impact of levy after quarterly profits fall 49%Jaguar Land Rover’s profits almost halved in the last quarter as the impact of US tariffs and declining sales rocked the luxury car manufactur…
Footwear firm warns of falling sales because of global trade uncertainty and ‘super-cautious’ US consumersShares in the US footwear company Crocs have slumped by almost 30% after it warned of falling sales because of tariffs, “super cautious” US consum…
Donald Trump’s latest wave of ‘reciprocal’ levies were in place as of a minute past midnight Washington time on ThursdaySee the full list of Trump tariff ratesDozens of countries face higher taxes on their exports to the US now that Donald Trump’s late…
US president has been unusually reticent about plans to punish Russia if it does not agree to end Ukraine warEurope live – latest updatesAfter taking six months to conclude that Vladimir Putin may not be a kindred transactional authoritarian leader but…