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Euro strengthens as EU delays retaliatory tariffs against US by 90 days in response to Trump’s pause – business live
Ursula von der Leyen says EU “want to give negotiations a chance”, by pausing countermeasures for 90 days
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- US-China trade war intensifies as Beijing’s tariffs come into effect after Trump pause
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.
Bank of England drops sale of long-dated bonds amid market turmoil
Sell-off in 10- and 30-year gilts prompts central bank’s decision to sell only shorter maturity bonds in April 14 auction
Will iPhones cost more because of Trump’s tariffs on China?
Some analysts say that if costs incurred by tariffs pass to consumers, US iPhone prices could rise by hundreds of dollars.
What have been the effects of Trump’s tariff war so far?
The president’s imposition, then pausing, of tariffs has messed with financial markets and prompted accusations of insider trading
The twists and turns in Donald Trump’s tariff war with the rest of the world has sent financial markets spinning. Stock markets have rebounded in the US and across Europe and Asia after the White House paused some of the most punitive import charges on Wednesday, except those on China. We look at what happened, and the likely effects.