Trump’s market mayhem threatens to upend world order
US president’s decision to trigger global trade war looks certain to have a lasting impact on the financial system
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Blockbuster antitrust trial that could force break-up of $1.5tn tech giant gets under way in Washington
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The government now has the tricky task of running a costly and complex industrial operation
Trump tariffs spark US government debt sell-off
The cost of borrowing for the US government rose as confidence in the economy waned
Xi announces plan for Chinese economy to counter impact of US trade war
Beijing will ‘strengthen bottom-line thinking’ as reports say it could drop tariffs on some US products
Xi Jinping has announced a plan to counter China’s continuing economic problems and the impact of the US trade war, as reports swirl that it could drop tariffs on some US products, including semiconductors.
Friday’s meeting of the politburo was convened to discuss China’s economic situation, which since the pandemic has faced difficulties fuelled by a housing sector crisis, youth unemployment, and Donald Trump’s tariffs on all Chinese exports.