China raises US tariffs to 125% as Xi invites EU to team up against Trump ‘bullying’

Chinese leader canvasses Spain and other trading partners on how to tackle economic fallout as market turmoil continues

Trump’s economic adviser dampens Starmer’s hopes of tariffs relief

It would take an ‘extraordinary deal’ for any country to improve on 10% rate, says Kevin Hassett

Shoppers stayed away in March as footfall declined 5% and stores worry US trade war could have chilling effect

Wall Street stocks tumbled again as investors remain jittery while former US treasury chief criticises Trump’s economic policy

As China retaliates against tariffs, it is also making strategic manoeuvres on EU and Asia to maximise opportunities

Sarah Breedon says too early to judge impact on inflation of ‘most significant change in trade policy in a century’

Time will tell how much damage has been inflicted on the credibility of Trump’s economic policy and administration

The president’s U-turn after his maverick plan threatened meltdown has echoes of the 2022 UK crisis

Tech firm has reportedly flown 600 tonnes of handsets from Indian factories as Chinese goods face huge tariffs

The 12-month inflation rate of 2.4%, down from 2.8% in February, was largely fueled by a sharp fall in gas prices

Asian and European markets rise amid signs trade war may not be as damaging to global economy as feared

The president’s pausing of some tariffs has sent shares soaring but levies on imports remain at the highest level since the 1930s

US president posted it was ‘a great time to buy’ on social media just hours before pausing tariff impositions

China’s 84% tariffs on US products come into force amid market relief after Trump pauses steep tariffs elsewhere

In today’s newsletter: White House officials send mixed messages over Trump’s stunning U-turn