カテゴリー: Economics
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…
In today’s newsletter: White House officials send mixed messages over Trump’s stunning U-turnGood morning. Two main pieces of news from Donald Trump yesterday: he has rolled back water efficiency standards to “make America’s showers great again”, becau…
Chinese foreign ministry calls comments by US vice-president ‘ignorant and disrespectful’Beijing has hit back after the US vice-president, JD Vance, referred to “Chinese peasants” in an interview defending Donald Trump’s tariffs.Speaking to Fox News la…
Beijing accuses US of blackmail and adding a ‘mistake on top of a mistake’ as Wednesday deadline for latest levies loomsTariff market reaction –live updatesChina’s government says it will “fight to the end” if the US continues to escalate the trade war…
Myanmar, Cambodia and Laos hit with rates over 40% as experts say the real target is ChinaBusiness live – latest updatesDeveloping nations in south-east Asia, including war-torn and earthquake-hit Myanmar, and several African nations are among the trad…
Global Times signals Beijing’s likely countermeasure after US president threatened a further 10% duty to come into force on TuesdayChina is preparing countermeasures against fresh US import tariffs that are set to take effect on Tuesday, China’s state-…
Beijing will defend its core interests, but its initial response is more cautious than when Trump imposed levies in 2018Moments after Donald Trump introduced tariffs of 10% on Chinese goods, Beijing retaliated with countermeasures.China’s finance minis…
President seeks to allay fears that world’s second-largest economy will falter in 2025 because of high US tariffsChina’s economy is on course to expand by 5% in 2025, according to its president, Xi Jinping, meeting official growth targets and rebutting…
Prime minister of India who brought in economic reforms and forged a new relationship with the USThe distinguished economist Manmohan Singh, who has died aged 92, was one of India’s longest serving prime ministers (and the first Sikh to hold the office…
Despite ‘spy’ scandal, Philip Hammond says Britain should now adopt a ‘pragmatic approach to Beijing’China should be encouraged to build electric cars and renewable energy technology in the UK as part of a new pragmatic trading relationship that would …
Japan’s complex defence alliances built up over years as protection against China could be put at risk in a Trump-launched trade warArguably, no country in Asia has better reason to be in a state of anxiety over the return of Donald Trump to the White …
Hugo Wong says the question today should be how much value the free movement of products and people has brought to our nationsReading “made in China” on his toys for the first time, my young Chinese nephew asked me innocently whether Santa was Chinese….
Fodder for protectionism, protracted trade wars, and the ‘most beautiful word’ in Donald Trump’s vocabulary – how do tariffs actually work?A tariff is a type of tax imposed on goods when they cross national borders, often used by governments against tr…
Investors disappointed after hoped-for policy plans by Beijing to stimulate economy did not materialiseBusiness live – latest updatesChinese stocks have suffered their worst fall in 27 years after efforts by Beijing to stimulate the world’s second-larg…
Anura Kumara Dissanayake wants a better deal from the IMF to reduce suffering during the country’s punishing debt crisisSri Lanka is at a historic juncture. Faced with its worst economic crisis since the Great Depression and having defaulted on its ext…