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Effects could tip one into recession and undermine other’s fragile economy but prospects for rapprochement are not hopelessTrump says exemptions on smartphones, electronics will be short-livedBusiness live – latest updatesSky-high tariffs that now hang…
Chinese customs official says trade has diversified away from US in recent years and plays up ‘vast domestic market’China has played down the risk of damage to its exports from Donald Trump’s tariffs, with an official saying the “sky won’t fall”, as st…
Ray Dalio’s comments come after rocky week across stock markets after policies including 145% tariff raise on ChinaPeople in the US: tell us how you think Trump’s first 100 days have gone so farBillionaire investor Ray Dalio said that he is worried the…
Lasting damage has been done not only to Trump’s political credibility but to globalisation as a systemAt the beginning of this helter-skelter week, Downing Street was declaring globalisation not only dead but a failure. Now, only five trading days lat…
It would take an ‘extraordinary deal’ for any country to improve on 10% rate, says Kevin HassettTrump’s about-face on tariffs reveals chaos at core of presidencyBusiness live – latest updatesA senior economic adviser to Donald Trump has said it would t…
Time will tell how much damage has been inflicted on the credibility of Trump’s economic policy and administrationDonald Trump’s climbdown on Wednesday from the most draconian aspects of his tariff regime has uncovered a damning picture of chaos at the…
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 …
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 …
The DoJ is investigating, with Cal-Maine’s profits nearly eight times as high as at the start of the bird flu outbreak The US’s largest egg producer has reported soaring profits as consumer prices hit record highs thanks to avian flu – and alleged pric…
Falling demand suggests loss of financial confidence in US as Donald Trump escalates trade standoff with ChinaBusiness live – latest updatesUS government bonds, traditionally seen as one of the world’s safest financial assets, are suffering a dramatic …