カテゴリー: US economy
Likened to a ‘trade embargo’ and an ‘earthquake’, it could cut exports from affected sectors by as much as 70%Donald Trump’s tariffs of 50% have come into force on most US imports from India. The US president followed through on his threat to punish on…
President rebukes tech firm after reports it will switch assembly of iPhones for US market from China to IndiaDonald Trump has admonished Apple and its chief executive over the tech firm’s reported plans to source production of US-bound iPhones from In…
April trade data comes the day before representatives from Washington and Beijing were set to meet to discuss Trump’s tariffsChinese trade with the United States slumped in April even as its total exports beat forecasts, official figures show, as trade…
Chinese customs official says trade has diversified away from US in recent years and plays up its ‘vast domestic market’China has played down the risk of damage to its exports from Donald Trump’s tariffs, with an official saying the “sky won’t fall,” a…
Lasting damage has been done not only to Trump’s political credibility but to globalisation as a systemAt the beginning of this helter-skelter week, Downing Street was declaring globalisation not only dead but a failure. Now, only five trading days lat…
China’s 84% tariffs on US products come into force amid market relief after Trump suspends steep reciprocal tariffs elsewhereBusiness live – latest updatesDonald Trump’s trade war with China has entered a new phase, as Beijing’s 84% retaliatory tariffs…
China’s government says it will ‘fight to the end’ if the US continues to escalate the trade war, after Donald Trump threatened huge additional tariffs in response to Beijing’s retaliatory measures. A spokesperson for the Chinese foreign ministry said:…
Prime minister hoping to revive ‘bromance’ of Trump’s first term despite US president calling India ‘a very big abuser’The Indian prime minister, Narendra Modi, is heading to Washington for high-stakes talks in an attempt to avoid a trade war with Dona…
New measures from the US Treasury will target several key sectors including semiconductors, quantum computing and artificial intelligenceJoe Biden has moved to restrict US investment in Chinese technology, signing an executive order which focuses on a …
Move taken against background of China’s Covid lockdowns and geopolitical tensions between Beijing and WashingtonApple has begun making iPhone 14s in India, as it moves some production away from China for the first time against a backdrop of Chinese Co…
Christopher Wray joins Ken McCallum in London, calling Beijing the ‘biggest long-term threat to economic security’The head of the FBI and the leader of Britain’s domestic intelligence agency have delivered an unprecedented joint address raising fresh a…
Analysis: From Pakistan to the US, Australia to Germany, the cost of living is rising to new highs and causing new hardshipsUS inflation reaches 40-year high at 7.5%Rolling coverage of the latest economic and financial newsAfter decades lurking in the …
Cybersecurity comes down to which side has access to more information about the other and can utilize it bestThis week, shares in China’s giant ride-hailing app Didi crashed by more than 20%. A few days before, Didi had raised $4.4bn in a massive IPO i…
Energy watchdog’s Fatih Birol says shift away from coal in key regions needs to be made a global priorityDependency on coal in key parts of the world is preventing a global green recovery from taking off, and the shift away from coal needs to be made a…
Centre for Economics and Business Research says it expects this to happen half a decade sooner than it forecast a year agoChina will overtake the US as the world’s biggest economy before the end of the decade after outperforming its rival during the gl…