Oil price plunge puts US shale production in peril
Executives say trade war and Opec output surge create toughest challenge since the Covid-19 pandemic
Read More
Private equity is more stuck than ever — and secondaries will benefit
Investors with cash during a crisis can benefit, but PE-owned companies tend to have a lot of debt
EU weighs buying more US gas due to Trump tariff pressure
Bloc may push to buy more LNG from the US if it fits with green goals, European energy commissioner Dan Jørgensen says
Asian markets rally after Trump announces tariff reversal – business live
China’s 84% retaliatory tariffs on US goods, announced on Wednesday, are due to come into effect on Thursday
China and the European Union have exchanged views on strengthening their economic and trade cooperation in response to US tariffs, the Chinese commerce ministry said on Thursday, according to Reuters news agency.
In a video call on Tuesday, China’s commerce minister Wang Wentao discussed with European trade and economic security commissioner Maros Sefcovic the restart of talks on trade relief and to immediately carry out negotiations on electric vehicle price commitments, the Chinese ministry statement said.
China musters ‘national team’ to fight on front line in trade war
State-owned funds and companies are bolstering stock markets with massive co-ordinated share buying
Trump tariff pause sends markets soaring, with S&P 500 seeing one of biggest days since second world war – business live
Trump claims ‘China wants to make a deal’ after raising tariffs to 125%, while 90-day pause for most countries sparks market surge
- Trump pauses plans to hike US tariffs on most countries except China
- ‘I know what I’m doing,’ says Trump before pausing tariffs
- Full list of Trump tariffs: a country-by-country look
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.