Cutting business ties with China would be ‘foolish’, Reeves says amid reports of US pressure

Chancellor supports economic ties with Beijing as she prepares to fly to US next week for trade deal talks

Nvidia’s CEO makes surprise visit to Beijing after US restricts chip sales to China

Jensen Huang causes stir on social media and is reported to have met founder of AI company DeepSeek

Exclusive: civil servants beef up security rules for sensitive negotiating papers over fears posed by hostile US trade policy

World Trade Organization says trade between US and China is expected to plunge by 81% in ‘decoupling’

Delegation of European parliament lawmakers raise concerns about ‘number of worrying developments’ concern country’s compliances with EU values

Shares in Bunzl, which provides everyday goods for other firms, plunge more than 25%

Vice-president says Donald Trump ‘loves’ the UK and there is good chance of reaching mutually beneficial agreement

Chinese customs official says trade has diversified away from US in recent years and plays up ‘vast domestic market’

Approach to expanding trade has been castigated for allowing Beijing to invest heavily in vital UK infrastructure

Unctad says many countries targeted with high tariff rates are unlikely to be a threat to US

Effects could tip one into recession and undermine other’s fragile economy but prospects for rapprochement are not hopeless

PS5 digital price in UK would rise to £430 and €500 in Europe as Japanese games developer cites ‘challenging economic environment’

Exemption, seen as a climbdown, includes laptops and chips, and is likely to help firms such as Apple and Nvidia

As they reel from Trump’s policies, companies say volatile freight costs and congestion are now the norm

We cannot return to the status quo before ‘liberation day’, with western economies hollowed out by free-market capitalism