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What do Trump’s tariffs mean for US-China trade?

The US president hopes tariffs will help close the huge trade gap by potentially pressuring Beijing into a new deal

UK urged to close tax loophole to prevent ‘massive influx’ of Shein and Temu goods

Campaigners and retailers say Britain should follow US and EU in phasing out exemption on duties for low-value parcels

Bank of England cuts interest rates to 4.5% and halves UK growth forecast

Latest quarter-point reduction comes with warning households face inflation of 3.7% by autumn

Novo Nordisk confident despite Trump tariff risk as sales of weight-loss jab soar

Europe’s biggest firm, whose sales of Wegovy almost doubled, feels it can ‘meet demands’ of US administration

EU to tighten checks on goods sold by sites such as Shein and Temu

European Commission also urges EU lawmakers to phase out exemption on customs duties for parcels under €150

Iran reformists urge concessions in attempt to reconnect to west

Decision expected in next week that could allow country to rejoin international banking system

China has reacted in kind to Trump’s tariffs, but a deal may still emerge

Beijing will defend its core interests, but its initial response is more cautious than when Trump imposed levies in 2018

Global stock markets come under pressure amid ‘Trump tariff tantrum’

Markets recover some losses after Trump agreed to delay new duties on Mexico goods, sparking hopes of a reprieve

Trump tariffs: what’s at stake for the UK and EU?

The US president has threatened to target Europe after launching then pausing import tariffs on Canada and Mexico

EU will stand up for itself in face of Trump tariffs threat, Macron says

French president and other leaders call for cooperation with Washington but vow a robust response if needed

US, EU and UK stock markets hit by global trade war fears as JPMorgan says Trump administration may be ‘business unfriendly’ – as it happened

European markets fall as Trump says EU tariffs will ‘definitely happen’, but stocks recover after Mexican tariffs delayed by a month

Asian stock markets tumble in response to Trump tariffs

European futures also down more than 3% after Trump indicates tariffs will ‘definitely happen’ in EU countries

Trump tariffs: markets brace for falls as Mexico and Canada hit back

Fears grow for global trade, with major indices likely to plunge as US trading partners quickly retaliate, raising chance China and EU will follow suit

How Donald Trump’s trade tariffs could affect the UK

From rising gilt yields to higher inflation, the UK may suffer indirectly from US tariffs

Trump’s tariffs could have grim knock-on effects for UK’s economy

British policymakers watch nervously, fearing a weaker pound and inflation even if US tariffs are not applied directly

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