China’s new tariffs on US goods take effect as Asian markets rally after Trump’s 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.
Global stocks soar as Donald Trump backs down from trade war
Washington pauses most tariffs against countries that have not retaliated but increases levies on China
Gordon Brown calls for ‘economic coalition of the willing’ to tackle Trump tariffs
Former PM says it is also the moment for the UK to go even further in renewing ties with the EU
Gordon Brown has called for an “economic coalition of the willing” to respond to Donald Trump’s tariffs with coordinated economic policies, including a reduction of interest rates.
The former prime minister also said it was a moment for the UK to go even further in renewing ties with the EU, suggesting it should mean “collaboration that is even more extensive than removing post-Brexit trade barriers”.
Trump’s tariffs may be reduced but their impact will be felt in the UK and beyond
We examine potential consequences of US president’s market chaos, which could reach every corner of global finance and economy
Donald Trump may have stepped back from his huge tariff rises on every country, except China, which now faces 125%, but the impact of the market chaos is likely to continue in the UK and beyond. The rest of the world still faces a blanket 10% tariff on all US exports.
While much of the focus has been the direct impact of the tariffs on physical goods, Trump’s actions threaten to reach every corner of global finance and the economy.
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