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EU to put tariffs of up to 38% on Chinese electric vehicles as trade war looms

Move, to be applied provisionally from July, would trigger duties of more than €2bn a year

Protectionism is slowing growth and entrenching poverty, says World Bank

International cooperation that allowed poorest countries to close gap with wealthiest has fractured, says report

UK unemployment rising at fastest pace of OECD countries, analysis shows

TUC says only Costa Rica had similar increase in first quarter as ONS data expected to show further rise in April

EU expected to impose import tariffs on Chinese electric vehicles

Experts believe Beijing will retaliate with measures that could hit European exports from cheese to cognac

European Central Bank cuts main interest rate by 0.25 points

ECB reduces rate to 3.75% across eurozone, putting it ahead of US Federal Reserve and Bank of England

UK clothing sales to EU plummet as Brexit red tape deters exporters

Small and medium-sized firms badly hit as huge drop in apparel sales helps fuel 18% slide in all-non food exports

Debt payments by countries most vulnerable to climate crisis soar

Exclusive: level at highest in more than 30 years, say campaigners, who want ‘rapid and effective’ relief scheme

Janet Yellen urges EU to join US in curbs on cheap Chinese exports

Comments come as Commission president hints EU could impose tariffs on Chinese electric vehicles

Productivity soars in sectors of global economy most exposed to AI, says report

Employers in UK, one of 15 countries studied, willing to pay 14% wage premium for jobs requiring AI skills

US approach to China’s rapid growth has lessons for us all

Protectionism in the form of tariffs is justified but the focus will be on whether Beijing retaliates

‘Art-washing’? Unease as British cultural institutions lend lustre to Saudi trade push

Campaigners say move to use the arts to reinforce economic ties with Riyadh may help to launder Gulf state’s human rights record

Sharp rise in cost of British lamb in UK due to rising demand and import issues

Cold and wet weather also thought to have led to more lambs dying in early season, as Morrison drops 100% British lamb pledge

JCB built and supplied equipment to Russia months after saying exports had stopped

Exclusive: Russian customs records suggest firm owned by major Tory donor kept supplying machines after ‘voluntary pause’

Biden announces 100% tariff on Chinese-made electric vehicles

White House levy to protect US makers from cheap imports likely to inflame trade tensions

As the Red Sea crisis continues, pressure on consumer prices follows in its wake

UK manufacturers and retailers are not yet passing on all the costs of diverting ships round southern Africa – but can that last?

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