In response to why Beijing is not backing down to Donald Trump on tariffs, the answer is that it doesn’t have to. China’s leaders would say that they are not inclined to cave in to a bully – something its government has repeatedly labelled the Trump administration as – but it also has a capacity…
General view of the City of London skyline, the capital’s financial district. Sopa Images | Lightrocket | Getty Images Stock markets soared on Thursday, after U.S. President Donald Trump’s jarring about-turn on most tariffs, with sectors paring multi-day losses. Trump dramatically reversed course on the White House’s trade policies on Wednesday, dropping his country-specific tariffs down…
Liv McMahon Technology reporter Reuters The world’s most popular gadgets – phones, laptops, tablets, smartwatches – could be about to get a lot more expensive in the US. Many of them are made in China, which now faces a 125% tariff on its goods imported to the US, under President Donald Trump’s controversial trade policy….
A Volkswagen emblem, attached to a tower at the Volkswagen Osnabrück GmbH plant, can be seen behind a red traffic light. Picture Alliance | Picture Alliance | Getty Images Europe’s auto giants slipped on Wednesday, extending recent losses as U.S. President Donald Trump’s sweeping tariffs on dozens of countries came into effect — including a…
President Donald Trump has announced a 90-day pause for countries hit by higher US tariffs, but escalated a spiralling trade war with China. In a dramatic change of policy, just hours after levies against roughly 60 of America’s trading partners came into effect, Trump said he was authorising a universal “lowered reciprocal tariff of 10%”…
US shares have rocketed after US President Donald Trump said he would suspend steep tariffs on goods from most countries, and instead impose a 10% import tax rate. The White House said it was backing off on higher levies for trade partners that had agreed to negotiate, although Trump said he would raise tariffs on…
U.S. President Donald Trump holds up a chart while speaking during a “Make America Wealthy Again” trade announcement on April 2, 2025 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images President Donald Trump on Wednesday dropped tariffs under his new trade plan to 10% on imports from most countries, as he…
European flags fly in front of the Berlaymont building. Omar Havana | Getty Images News | Getty Images The European Union on Wednesday voted to approve its first set of retaliatory measures to counter tariffs imposed by the U.S. on steel and aluminum. The European Commission, the bloc’s executive arm, said duties would start being…
Michael Race Business reporter, BBC News Getty Images Confidence in the US economy is plummeting as investors dumped government debt amid growing concerns over the impact of Donald Trump’s tariffs. The interest rate on US bonds – traditionally considered a “safe haven” investment in times of crisis – shot up sharply on Wednesday. Sweeping taxes…
Chinese President Xi Jinping attend the closing of the Third Session of the 14th National People’s Congress (NPC) at the Great Hall of the People on March 11, 2025 in Beijing, China. Lintao Zhang | Getty Images China has pushed back once again to U.S. President Donald Trump’s tariff policies by hiking its levies on…
