China retaliates with 84% tariffs on US goods as Trump trade war rattles markets – business live
Stock markets down in UK and across Europe after steep declines in Asia as Donald Trump presses ahead with huge 104% tariffs on China
- Full report: Trump unleashes new wave of tariffs
- Dispatch: The view from Yiwu, China’s biggest wholesale market
Today’s tariffs follow Trump’s 10% tariff on all imports from many countries, including Australia, which came into effect at the weekend.
US customs agents began collecting the unilateral tariff at US seaports, airports and customs warehouses on Saturday. Today’s measures are higher levies on goods from 57 larger trading partners.
US Treasuries sell-off challenges ‘safe haven’ status
Investors say misfiring ‘basis trades’ piling pressure on US government bond market
Dramatic sell-off of US government bonds as tariff war panic deepens
Falling demand suggests loss of financial confidence in US as Donald Trump escalates trade standoff with China
US government bonds, traditionally seen as one of the world’s safest financial assets, are undergoing a dramatic sell-off as Donald Trump’s escalation of his tariff war with China sends panic through all sectors of the financial markets.
The falls suggest that as Trump’s new wave of tariffs on dozens of economies came into force, including 104% levies against Chinese goods, investors are beginning to lose confidence in the US as a cornerstone of the global economy.
Bank of England warns of risks to growth as Trump tariffs rattle markets – business live
Stock markets down in UK and across Europe after steep declines in Asia as Donald Trump presses ahead with huge 104% tariffs on China
- Full report: Trump unleashes new wave of tariffs
- Dispatch: The view from Yiwu, China’s biggest wholesale market
Today’s tariffs follow Trump’s 10% tariff on all imports from many countries, including Australia, which came into effect at the weekend.
US customs agents began collecting the unilateral tariff at US seaports, airports and customs warehouses on Saturday. Today’s measures are higher levies on goods from 57 larger trading partners.