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China lifts tariffs on US goods to 125% as trade war escalates

China said on Friday it would raise its tariffs on US goods to 125 per cent in a further escalation of a trade war that threatens to bring exports...

ECB ‘ready’ to intervene if tariff war threatens financial stability

The European Central Bank is ready to act should US President Donald Trump’s tariff blitz threaten financial stability, ECB chief Christine Lagarde said on Friday. The ECB “is always...

Tariff bleach

Trump’s threats and tariffs are a global ‘kill switch’

Sometimes, a small incident reveals larger truths about our world. Consider reports that some North Atlantic Treaty Organization allies are rethinking plans to buy American-made F-35 fighters. This story...

China prepares for war of attrition over tariffs

Beijing, feeling boxed into a corner by the United States’ intensifying tariff assault on China and any country that buys or assembles Chinese goods, is bracing for an economic...

Starmer announces bold changes to support car industry

Sir Keir Starmer has pledged “bold changes” to the rules around electric and new petrol and diesel cars in response to Donald Trump’s tariffs. The prime minister will announce...

Trump awaits call from China, markets recover after carnage

US President Donald Trump said on Tuesday that he is waiting to hear from China before duties of more than 100% take effect, but other administration officials said they...

European Central Bank rates could fall faster as recession risk mounts

A global market rout induced by US President Donald Trump’s tariffs scheme has solidified the case for another ECB rate cut next week and supports arguments for even quicker...

Japan debt agreements affected as tariffs hit deals outlook across Asia

Three Japanese companies have postponed the sale of 100 billion yen ($678.43 million) worth of yen-denominated bonds in the wake of global financial market volatility induced by US tariff...