China manufacturing activity plummets amid Trump tariff war

Index of activity drops to lowest reading since December 2023 as a result of ‘sharp changes’ in international trading

Trump reveals plans to ease tariff impact on US carmakers

US president will curb some duties on foreign parts in domestically manufactured cars, administration says

Countries are struggling to manage expensive loans, with much of debt transacted through London

Number of vessels scheduled to arrive at Port of Los Angeles next week is down by almost a third year on year

EY Item Club predicts GDP of only 0.8% this year as Ipsos poll shows three-quarters of Britons expect economy to get worse

Trump’s tariffs will make it tougher for emerging economies to service loans but debt relief has fallen off the political agenda

Experts warn of slowing economy after score based on Americans’ financial outlooks fell by 32% since January

Few policymakers mention US president by name, but his tariffs dominate IMF-World Bank meeting

Beijing will ‘strengthen bottom-line thinking’ as reports say it could drop tariffs on some US products

To solve three conflicts simultaneously would be a daunting task for anyone, but it is especially so for a man entirely new to diplomacy

Andrew Bailey says UK not close to recession but he would be ‘encouraged’ if trade deal with US were agreed

President’s comments follow Chinese government’s denial of ‘baseless’ claim that Washington was close to deal

Unilever and Procter & Gamble indicate more increases could be on way as Trump policy affects ingredient costs

Kristalina Georgieva calls for trade policy settlement and says tariff wars have ‘spiked uncertainty off the charts’

Chancellor says UK is ‘not going to rush a deal’ and rejects new US demands on agricultural products