Talks to save British Steel reach crunch point
The government has two days to reach a deal with the plant’s Chinese owners to keep blast furnaces running.
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Trump raises tariffs on China to 125% but announces 90-day pause for other countries – business live
US president made the announcement on Truth Social
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 stocks surge as Trump pauses ‘reciprocal’ tariffs for 90 days
Most countries’ imports face a maximum 10% levy but Trump hits China harder
British Steel prepares to idle one of its two blast furnaces
The move would allow the Chinese-owned steelmaker to prolong production at the remaining furnace at its Scunthorpe site
Bitcoin stabilises as hopes rise Trump tariffs will renew interest in crypto
Cryptocurrency recovers off lows even as US and China ratchet up trade tensions
Brent crude dips below $60 per barrel for first time in 4 years
Oil price hit by recession fears as trade war between US and China escalates