Stocks set for another bumpy day after China refuses to drop its 34% levy in response to US president’s threats

Hello and welcome to our business blog – with Donald Trump’s global tariffs due to take effect on Wednesday.

The US president appears poised to push on with measures against imports to the US from almost every country in the world. The US will also go ahead with imposing a staggering 104% tariff on China from 12.01am ET (12.01pm China Standard Time) on Wednesday, the White House confirmed after Beijing did not lift its retaliatory tariffs on US goods by Trump’s Tuesday noon deadline.

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Plans to protect UK from extreme weather are inadequate, Climate Change Committee says in scathing assessment

Labour is putting people, the economy and the environment in increasing peril by failing to act on the effects of the climate crisis, the UK’s climate watchdog has said.

Flooding, droughts and heatwaves are all increasing in severity due to climate breakdown, but current plans to protect people, land and infrastructure against extreme weather have been judged inadequate in a scathing assessment of the UK’s preparedness.

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